Common use of Repayment of Participation Advances Clause in Contracts

Repayment of Participation Advances. 2.9.4.1 Upon (and only upon) receipt by the Administrative Agent for its account of immediately available funds from the Borrower (i) in reimbursement of any payment made by the Administrative Agent under the Letter of Credit with respect to which any Bank has made a Participation Advance to the Administrative Agent, or (ii) in payment of interest on such a payment made by the Administrative Agent under such a Letter of Credit, the Administrative Agent will pay to each Bank, in the same funds as those received by the Administrative Agent, the amount of such Bank's Ratable Share of such funds, except the Administrative 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 Administrative Agent.

Appears in 3 contracts

Samples: Credit Agreement (Papa Johns International Inc), Credit Agreement (Papa Johns International Inc), Credit Agreement (Papa Johns International Inc)

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Repayment of Participation Advances. 2.9.4.1 2.10.4.1 Upon (and only upon) receipt by the Administrative Agent for its account of immediately available funds from the Borrower (i) in reimbursement of any payment made by the Administrative Agent under the Letter of Credit with respect to which any Bank has made a Participation Advance to the Administrative Agent, or (ii) in payment of interest on such a payment made by the Administrative Agent under such a Letter of Credit, the Administrative Agent will pay to each Bank, in the same funds as those received by the Administrative Agent, the amount of such Bank's Ratable Share of such funds, except the Administrative 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 Administrative Agent.

Appears in 2 contracts

Samples: Credit Agreement (KPMG Consulting Inc), Credit Agreement (KPMG Consulting Inc)

Repayment of Participation Advances. 2.9.4.1 (a) Upon (and only upon) receipt by the Administrative Agent for its account of immediately available funds from the Borrower (i) in reimbursement of any payment made by the Administrative Agent under the a Letter of Credit with respect to which any Bank Lender has made a Participation Advance to the Administrative Agent, or (ii) in payment of interest on such a payment made by the Administrative Agent under such a Letter of Credit, the Administrative Agent will pay to each BankLender, in the same funds as those received by the Administrative Agent, the amount of such Bank's Lender’s Ratable Share of such funds, except the Administrative 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 the Administrative Agent.

Appears in 2 contracts

Samples: Joinder and Assumption Agreement (CONSOL Energy Inc), Credit Agreement (CNX Gas Corp)

Repayment of Participation Advances. 2.9.4.1 Upon (and only upon) receipt by the Administrative Agent for its account of immediately available funds from the Borrower (i) in reimbursement of any payment made by the Administrative Agent under the a Letter of Credit with respect to which any Bank Lender has made a Participation Advance to the Administrative Agent, or (ii) in payment of interest on such a payment made by the Administrative Agent under such a Letter of Credit, the Administrative Agent will pay to each BankLender, in the same funds as those received by the Administrative Agent, the amount of such Bank's Lender’s Ratable Share of such funds, except the Administrative 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 the Administrative Agent.

Appears in 2 contracts

Samples: Credit Agreement (CONSOL Energy Inc), Joinder and Assumption Agreement (CONSOL Energy Inc)

Repayment of Participation Advances. 2.9.4.1 2.8.4.1 Upon (and only upon) receipt by the Administrative Agent for its account of immediately available funds from the Borrower (i) in reimbursement of any payment made by the Administrative Agent Issuing Letter of Credit Bank under the Letter of Credit with respect to which any Bank has made a Participation Advance to the Administrative Agent, or (ii) in payment of interest on such a payment made by the Administrative Agent under such a Letter of Credit, the Administrative Agent will pay to each Bank, in the same funds as those received by the Administrative Agent, the amount of such Bank's Ratable Share of such funds, except the Administrative Agent shall retain deliver to the Issuing Letter of Credit Bank 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 Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement (Big Lots Inc)

Repayment of Participation Advances. 2.9.4.1 Upon (and only upon) receipt by the Administrative Agent for its account of immediately available funds from the Borrower (i) in reimbursement of any payment made by the Administrative Agent under the Letter of Credit with respect to which any Bank has made a Participation Advance to the Administrative Agent, or (ii) in payment of interest on such a payment made by the Administrative Agent under such a Letter of Credit, the Administrative Agent will pay to each Bank, in the same funds as those received by the Administrative Agent, the amount of such Bank's ’s Ratable Share of such funds, except the Administrative 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 Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement (Papa Johns International Inc)

Repayment of Participation Advances. 2.9.4.1 2.8.4.1 Upon (and only upon) receipt by the Administrative Agent for its account of immediately available funds from the Borrower Borrowers (i) in reimbursement of any payment made by the Administrative Agent under the Letter of Credit with respect to which any Bank has made a Participation Advance to the Administrative Agent, or (ii) in payment of interest on such a payment made by the Administrative Agent under such a Letter of Credit, the Administrative Agent will pay to each Bank, in the same funds as those received by the Administrative Agent, the amount of such Bank's ’s Ratable Share of such funds, except the Administrative 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 Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement (Triumph Group Inc /)

Repayment of Participation Advances. 2.9.4.1 2.10.4.1 Upon (and only upon) receipt by the Administrative Agent for its account of immediately available funds from the Borrower (i) in reimbursement of any payment made by the Administrative Agent Issuing Letter of Credit Bank under the Letter of Credit with respect to which any Bank has made a Participation Advance to the Administrative Agent, or (ii) in payment of interest on such a payment made by the Administrative Agent under such a Letter of Credit, the Administrative Agent will pay to each Bank, in the same funds as those received by the Administrative Agent, the amount of such Bank's Ratable Share of such funds, except the Administrative Agent shall retain deliver to the Issuing Letter of Credit Bank 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 Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement (Big Lots Inc)

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Repayment of Participation Advances. 2.9.4.1 2.8.4.1 Upon (and only upon) receipt by the Administrative Agent for its account of immediately available funds from the Borrower (i) in reimbursement of any payment made by the Administrative Agent under the Letter of Credit with respect to which any Bank Lender has made a Participation Advance to the Administrative Agent, or (ii) in payment of interest on such a payment made by the Administrative Agent under such a Letter of Credit, the Administrative Agent will pay to each BankLender, in the same funds as those received by the Administrative Agent, the amount of such Bank's Lender’s Ratable Share of such funds, except the Administrative 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 Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement (Key Energy Services Inc)

Repayment of Participation Advances. 2.9.4.1 2.8.4.1 Upon (and only upon) receipt by the Administrative Agent for its account of immediately available funds from the Borrower (i) in reimbursement of any payment made by the Administrative Agent under the Letter of Credit with respect to which any Bank has made a Participation Advance to the Administrative Agent, or (ii) in payment of interest on such a payment made by the Administrative Agent under such a Letter of Credit, the Administrative Agent will pay to each Bank, in the same funds as those received by the Administrative Agent, the amount of such Bank's ’s Ratable Share of such funds, except the Administrative 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 Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement (Triumph Group Inc /)

Repayment of Participation Advances. 2.9.4.1 (a) Upon (and only upon) receipt by the Administrative Agent for its account of immediately available funds from the Borrower Borrowers (i) in reimbursement of any payment made by the Administrative Agent under the Letter of Credit with respect to which any Bank Lender has made a Participation Advance to the Administrative Agent, or (ii) in payment of interest on such a payment made by the Administrative Agent under such a Letter of Credit, the Administrative Agent will pay to each BankLender, in the same funds as those received by the Administrative Agent, the amount of such Bank's Ratable Share Lender’s Commitment Percentage of such funds, except the Administrative Agent shall retain the amount of the Ratable Share Commitment Percentage of such funds of any Bank Lender that did not make a Participation Advance in respect of such payment by Administrative Agent.

Appears in 1 contract

Samples: Revolving Credit and Security Agreement (Comforce Corp)

Repayment of Participation Advances. 2.9.4.1 2.8.4.1 Upon (and only upon) receipt by the Administrative Agent for its account of immediately available funds from the Borrower Borrowers (i) in reimbursement of any payment made by the Administrative Agent under the Letter of Credit with respect to which any Bank has made a Participation Advance to the Administrative Agent, or (ii) in payment of interest on such a payment made by the Administrative Agent under such a Letter of Credit, the Administrative Agent will pay to each Bank, in the same funds as those received by the Administrative Agent, the amount of such Bank's Ratable Share of such funds, except the Administrative 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 Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement (Internet Capital Group Inc)

Repayment of Participation Advances. 2.9.4.1 Upon (and only upon) receipt by the Administrative Agent for its account of immediately available funds from the Borrower (i) in reimbursement of any payment made by the Administrative Agent under the a Letter of Credit with respect to which any Bank Lender has made a Participation Advance to the Administrative Agent, or (ii) in payment of interest on such a payment made by the Administrative Agent under such a Letter of Credit, the Administrative Agent will pay to each BankLender, in the same funds as those received by the Administrative Agent, the amount of such Bank's Lender’s Ratable Share of such funds, except the Administrative 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 Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement (CONSOL Energy Inc)

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