Repayment of Participation Advances. 2.9.4.1 Upon (and only upon) receipt by the Agent for its account of immediately available funds from the Borrower (i) in reimbursement of any payment made by the Agent under the Letter of Credit with respect to which any Bank has made a Participation Advance to the Agent, or (ii) in payment of interest on such a payment made by the Agent under such a Letter of Credit, the Agent will pay to each Bank, in the same funds as those received by the Agent, the amount of such Bank's Ratable Share of such funds, except the Agent shall retain the amount of the Ratable Share of such funds of any Bank that did not make a Participation Advance in respect of such payment by Agent.
Appears in 6 contracts
Samples: Credit Agreement (New Jersey Resources Corp), Credit Agreement (New Jersey Resources Corp), Credit Agreement (Standard Automotive Corp)
Repayment of Participation Advances. 2.9.4.1 Upon (and only upon) receipt by the Agent for its account of immediately available funds from the Borrower (i) in reimbursement of any payment made by the Agent under the Letter of Credit with respect to which any Bank has made a Participation Advance to the Agent, or (ii) in payment of interest on such a payment made by the Agent under such a Letter of Credit, the Agent will pay to each Bank, in the same funds as those received by the Agent, the amount of such Bank's ’s Ratable Share of such funds, except the Agent shall retain the amount of the Ratable Share of such funds of any Bank that did not make a Participation Advance in respect of such payment by Agent.
Appears in 5 contracts
Samples: Joinder and Assumption Agreement (Ii-Vi Inc), Credit Agreement (Ii-Vi Inc), Credit Agreement (Ii-Vi Inc)
Repayment of Participation Advances. 2.9.4.1 Upon (and only upon) receipt by the Agent for its account of immediately available funds from the Borrower (i) in reimbursement of any payment made by the Agent under the Letter of Credit with respect to which any Bank Lender has made a Participation Advance to the Agent, or (ii) in payment of interest on such a payment made by the Agent under such a Letter of Credit, the Agent will pay to each BankLender, in the same funds as those received by the Agent, the amount of such Bank's Lender’s Ratable Share of such funds, except the Agent shall retain the amount of the Ratable Share of such funds of any Bank Lender that did not make a Participation Advance in respect of such payment by Agent.
Appears in 4 contracts
Samples: Credit Agreement (Penn Virginia Resource Partners L P), Credit Agreement (Penn Virginia Resource Partners L P), Credit Agreement (Penn Virginia Resource Partners L P)
Repayment of Participation Advances. 2.9.4.1 Upon (and only upon) receipt by the Agent for its account of immediately available funds from the Borrower Borrowers (i) in reimbursement of any payment made by the Agent under the Letter of Credit with respect to which any Bank has made a Participation Advance to the Agent, or (ii) in payment of interest on such a payment made by the Agent under such a Letter of Credit, the Agent will pay to each Bank, in the same funds as those received by the Agent, the amount of such Bank's Ratable Share of such funds, except the Agent shall retain the amount of the Ratable Share of such funds of any Bank that did not make a Participation Advance in respect of such payment by Agent.
Appears in 4 contracts
Samples: Credit Agreement (Primesource Corp), Credit Agreement (Primesource Corp), Revolving Credit Agreement (Tb Woods Corp)
Repayment of Participation Advances. 2.9.4.1 Upon (and only upon) receipt by the Agent for its account of immediately available funds from the Borrower (ia) in reimbursement of any payment made by the Agent under the Letter of Credit with respect to which any Bank Lender has made a Participation Advance to the Agent, or (iib) in payment of interest on such a payment made by the Agent under such a Letter of Credit, the Agent will pay to each BankLender, in the same funds as those received by the Agent, the amount of such BankLender's Ratable Share of such funds, except the Agent shall retain the amount of the Ratable Share of such funds of any Bank Lender that did not make a Participation Advance in respect of such payment by Agent.
Appears in 4 contracts
Samples: Credit Agreement (New Jersey Resources Corp), Credit Agreement (New Jersey Resources Corp), Credit Agreement (New Jersey Resources Corp)
Repayment of Participation Advances. 2.9.4.1 2.8.4.1 Upon (and only upon) receipt by the Agent for its account of immediately available funds from the a Borrower (i) in reimbursement of any payment made by the Agent under the Letter of Credit with respect to which any Bank has made a Participation Advance to the Agent, or (ii) in payment of interest on such a payment made by the Agent under such a Letter of Credit, the Agent will pay to each Bank, in the same funds as those received by the Agent, the amount of such Bank's ’s Ratable Share of such funds, except the Agent shall retain the amount of the Ratable Share of such funds of any Bank that did not make a Participation Advance in respect of such payment by Agent.
Appears in 2 contracts
Samples: Credit Agreement (Independent Gasoline & Oil Co of Rochester), Credit Agreement (Vulcan Asphalt Refining Corp)
Repayment of Participation Advances. 2.9.4.1 2.8.4.1 Upon (and only upon) receipt by the Agent for its account of immediately available funds from the Borrower Borrowers (i) in reimbursement of any payment made by the Agent under the Letter of Credit with respect to which any Bank has made a Participation Advance to the Agent, or (ii) in payment of interest on such a payment made by the Agent under such a Letter of Credit, the Agent will pay to each Bank, in the same funds as those received by the Agent, the amount of such Bank's Ratable Share of such funds, except the Agent shall retain the amount of the Ratable Share of such funds of any Bank that did not make a Participation Advance in respect of such payment by Agent.
Appears in 1 contract
Repayment of Participation Advances. 2.9.4.1 Upon (and only upon) receipt by the Agent for its the account of the Issuer of immediately available funds from the Borrower (i) in reimbursement of any payment made by the Agent Issuer under the Letter of Credit with respect to which any Bank has made a Participation Advance to the Agent, or (ii) in payment of interest on such a payment made by the Agent under such a Letter of Credit, the Agent Agent, on behalf of the Issuer, will pay to each Bank, in the same funds as those received by the Agent, for the account of the Issuer, the amount of such Bank's Ratable Share of such funds, except the Agent shall retain the amount of the Ratable Share of such funds of any Bank that did not make a Participation participation Advance in respect of such payment by Agent.
Appears in 1 contract
Samples: Credit Agreement (Respironics Inc)
Repayment of Participation Advances. 2.9.4.1 Upon (and only upon) receipt by the Paying Agent for its account of immediately available funds from the Borrower (i) in reimbursement of any payment made by the Agent under the a Letter of Credit with respect to which any Bank Lender has made a Participation Advance to the Agent, or (ii) in payment of interest on such a payment made by the Agent under such a Letter of Credit, the Paying Agent will pay to each BankLender, in the same funds as those received by the Paying Agent, the amount of such BankLender's Ratable Share of such funds, except the Paying Agent shall retain pay to the applicable Issuing Bank the amount of the Ratable Share of such funds of any Bank Lender that did not make a Participation Advance in respect of such payment by Agentpayment.
Appears in 1 contract
Samples: Credit Agreement (Consol Energy Inc)
Repayment of Participation Advances. 2.9.4.1 Upon (and only upon) receipt by the Agent for its account of immediately available funds from the Borrower Borrowers (i) in reimbursement of any payment made by the Agent under the Letter of Credit with wit respect to which any Bank has made a Participation Advance to the Agent, or (ii) in payment of interest on such a payment made by the Agent under such a Letter of Credit, the Agent will pay to each Bank, in the same funds as those received by the Agent, the amount of such Bank's Ratable Share of such funds, except the Agent shall retain the amount of the Ratable Share of such funds of any Bank that did not make a Participation Advance in respect of such payment by Agent.
Appears in 1 contract
Repayment of Participation Advances. 2.9.4.1 2.10.4.1 Upon (and only upon) receipt by the Agent for its account of immediately available funds from the Borrower (i) in reimbursement of any payment made by the Agent under the Letter of Credit with respect to which any Bank Lender has made a Participation Advance to the Agent, or (ii) in payment of interest on such a payment made by the Agent under such a Letter of Credit, the Agent will pay to each BankLender, in the same funds as those received by the Agent, the amount of such BankLender's Ratable Share of such funds, except the Agent shall retain the amount of the Ratable Share of such funds of any Bank Lender that did not make a Participation Advance in respect of such payment by Agent.
Appears in 1 contract
Samples: Credit Agreement (Ii-Vi Inc)
Repayment of Participation Advances. 2.9.4.1 2.8.4.1 Upon (and only upon) receipt by the Agent for its account of immediately available funds from the a Borrower (i) in reimbursement of any payment made by the Agent under the Letter of Credit with respect to which any Bank has made a Participation Advance to the Agent, or (ii) in payment of interest on such a payment made by the Agent under such a Letter of Credit, the Agent will pay to each Bank, in the same funds as those received by the Agent, the amount of such Bank's Ratable Share of such funds, except the Agent shall retain the amount of the Ratable Share of such funds of any Bank that did not make a Participation Advance in respect of such payment by Agent.
Appears in 1 contract
Samples: Credit Agreement (Bell Oil Corp)
Repayment of Participation Advances. 2.9.4.1 2.11.4.1 Upon (and only upon) receipt by the Agent for its account of immediately available funds from the Borrower (i) in reimbursement of any payment made by the Agent under the Letter of Credit with respect to which any Bank has made a Participation Advance to the Agent, or (ii) in payment of interest on such a payment made by the Agent under such a Letter of Credit, the Agent will pay to each Bank, in the same funds as those received by the Agent, the amount of such Bank's Ratable Share of such funds, except the Agent shall retain the amount of the Ratable Share of such funds of any Bank that did not make a Participation Advance in respect of such payment by Agent.
Appears in 1 contract
Repayment of Participation Advances. 2.9.4.1 2.5.4.1 Upon (and only upon) receipt by the Agent for its account of immediately available funds from the Borrower (i) in reimbursement of any payment made by the Agent under the Letter of Credit with respect to which any Bank has made a Participation Advance to the Agent, or (ii) in payment of interest on such a payment made by the Agent under such a Letter of Credit, the Agent will pay to each Bank, in the same funds as those received by the Agent, the amount of such Bank's Ratable Share of such funds, except the Agent shall retain the amount of the Ratable Share of such funds of any Bank that did not make a Participation Advance in respect of such payment by Agent.
Appears in 1 contract
Samples: Credit Agreement (Ptek Holdings Inc)
Repayment of Participation Advances. 2.9.4.1 (i) Upon (and only upon) receipt by the Agent for its account of immediately available funds from the Borrower (ix) in reimbursement of any payment made by the Agent under the Letter of Credit with respect to which any Bank has made a Participation Advance to the Agent, or (iiy) in payment of interest on such a payment made by the Agent under such a Letter of Credit, the Agent will pay to each Bank, in the same funds as those received by the Agent, the amount of such Bank's Ratable Share of such funds, except the Agent shall retain the amount of the Ratable Share of such funds of any Bank that did not make a Participation Advance in respect of such payment by Agent.
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Repayment of Participation Advances. 2.9.4.1 2.9.4.1. Upon (and only upon) receipt by the Agent for its account of immediately available funds from the Borrower Borrowers (i) in reimbursement of any payment made by the Agent under the Letter of Credit with respect to which any Bank has made a Participation Advance to the Agent, or (ii) in payment of interest on such a payment made by the Agent under such a Letter of Credit, the Agent will pay to each Bank, in the same funds as those received by the Agent, the amount of such Bank's Ratable Share of such funds, except the Agent shall retain the amount of the Ratable Share of such funds of any Bank that did not make a Participation Advance in respect of such payment by Agent.
Appears in 1 contract
Repayment of Participation Advances. 2.9.4.1 2.8.4.1 Upon (and only upon) receipt by the Agent for its account of immediately available funds from the Borrower (i) in reimbursement of any payment made by the Agent under the Letter Letters of Credit with respect to which any Bank has made a Participation Advance to the Agent, or (ii) in payment of interest on such a payment made by the Agent under such a Letter Letters of Credit, the Agent will pay to each Bank, in the same funds as those received by the Agent, the amount of such Bank's Ratable Share of such funds, except the Agent shall retain the amount of the Ratable Share of such funds of any Bank that did not make a Participation Advance in respect of such payment by Agent.
Appears in 1 contract
Samples: Credit Agreement (Compudyne Corp)