Common use of Repayment of Participations Clause in Contracts

Repayment of Participations. (i) At any time after an L/C Issuer has made a payment under any Letter of Credit and has received from any Lender such Lender’s L/C Advance in respect of such payment in accordance with Section 2.03(c), if the Administrative Agent receives for the account of such L/C Issuer any payment in respect of the related Unreimbursed Amount or interest thereon (whether directly from the Borrowers or otherwise, including proceeds of cash collateral applied thereto by the Administrative Agent pursuant to Section 2.03(g)), the Administrative Agent will distribute to such Lender its Applicable Percentage thereof (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Lender’s L/C Advance was outstanding) in the same funds as those received by the Administrative Agent. (ii) If any payment received by the Administrative Agent for the account of an L/C Issuer pursuant to Section 2.03(c)(i) is required to be returned under any of the circumstances described in Section 10.05 (including pursuant to any settlement entered into by such L/C Issuer in its discretion), each Lender shall pay to the Administrative Agent for the account of such L/C Issuer its Applicable Percentage thereof on demand of the Administrative Agent, plus interest thereon from the date of such demand to the date such amount is returned by such Lender, at a rate per annum equal to the Federal Funds Rate from time to time in effect. The obligations of the Lenders under this clause shall survive the payment in full of the Obligations and the termination of this Agreement.

Appears in 8 contracts

Samples: Asset Based Revolving Credit Agreement (King Merger Sub II LLC), Asset Based Revolving Credit Agreement (Nextier Oilfield Solutions Inc.), Asset Based Revolving Credit Agreement (C&J Energy Services, Inc.)

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Repayment of Participations. (i) At any time after an the applicable L/C Issuer has made a payment under any Letter of Credit and has received from any Revolving Credit Lender such Revolving Credit Lender’s L/C Advance in respect of such payment in accordance with Section 2.03(c), if the Administrative Agent receives for the account of such the applicable L/C Issuer any payment in respect of the related Unreimbursed Amount or interest thereon (whether directly from the Borrowers Borrower or otherwise, including proceeds of cash collateral Cash Collateral applied thereto by the Administrative Agent pursuant to Section 2.03(g)Agent), the Administrative Agent will promptly distribute to such Revolving Credit Lender its Applicable Revolving Credit Percentage thereof (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Lender’s L/C Advance was outstanding) in the same funds as those received by the Administrative Agent. (ii) If any payment received by the Administrative Agent for the account of an the applicable L/C Issuer pursuant to Section 2.03(c)(i) is required to be returned under any of the circumstances described in Section 10.05 (including pursuant to any settlement entered into by such the applicable L/C Issuer in its discretion), each Revolving Credit Lender shall pay to the Administrative Agent for the account of such the applicable L/C Issuer its Applicable Revolving Credit Percentage thereof on demand of the Administrative Agent, plus interest thereon from the date of such demand to the date such amount is returned by such Revolving Credit Lender, at a rate per annum equal to the Federal Funds Effective Rate from time to time in effect. The obligations of the Revolving Credit Lenders under this clause shall survive the payment in full of the Obligations Obligations, the termination of the Commitments and the termination of this Agreement.

Appears in 7 contracts

Samples: Credit Agreement (Turning Point Brands, Inc.), Credit Agreement (Post Holdings, Inc.), Credit Agreement (Yesway, Inc.)

Repayment of Participations. (i) At If, at any time after an L/C Issuer has made a payment under any Letter of Credit and has received from any Revolving Credit Lender such Lender’s L/C Advance in respect of such payment in accordance with this Section 2.03(c2.03(d), if the Administrative Agent receives for the account of such L/C Issuer any payment in respect of the related Unreimbursed Amount or interest thereon (whether directly from the Borrowers Borrower or otherwise, including proceeds of cash collateral Cash Collateral applied thereto by the Administrative Agent pursuant to Section 2.03(g)Agent), the Administrative Agent will distribute to such each Revolving Credit Lender its Applicable Percentage Pro Rata Share thereof (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Lender’s L/C Advance was outstanding) in Dollars and in the same funds as those received by the Administrative Agent. (ii) If any payment received by the Administrative Agent for the account of an L/C Issuer pursuant to Section 2.03(c)(i2.03(d)(i) is required to be returned under any of the circumstances described in Section 10.05 10.06 (including pursuant to any settlement entered into by such L/C Issuer in its discretion), each Revolving Credit Lender shall pay to the Administrative Agent for the account of such L/C Issuer its Applicable Percentage Pro Rata Share thereof on demand of the Administrative Agent, plus interest thereon from the date of such demand to the date such amount is returned by such Lender, at a rate per annum equal to the Federal Funds Rate from time to time in effectapplicable Overnight Rate. The obligations of the Revolving Credit Lenders under this clause shall survive the payment in full of the Obligations and the termination of this Agreement.

Appears in 7 contracts

Samples: Credit Agreement (CEB Inc.), Credit Agreement (CEB Inc.), Credit Agreement (CEB Inc.)

Repayment of Participations. (i) At any time after an the applicable L/C Issuer has made a payment under any Letter of Credit and has received from any Revolving Credit Lender such Lender’s L/C Advance in respect of such payment in accordance with Section 2.03(c), if the Administrative Agent receives for the account of such the L/C Issuer any payment in respect of the related Unreimbursed Amount or interest thereon (whether directly from the Borrowers any Borrower or otherwise, including proceeds of cash collateral Cash Collateral applied thereto by the Administrative Agent pursuant to Section 2.03(g)Agent), the Administrative Agent will distribute to such Revolving Credit Lender its Applicable Percentage Pro Rata Share thereof (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such LenderXxxxxx’s L/C Advance was outstanding) in the same funds as those received by the Administrative Agent. (ii) If any payment received by the Administrative Agent for the account of an the L/C Issuer pursuant to Section 2.03(c)(i) is required to be returned under any of the circumstances described in Section 10.05 11.05 (including pursuant to any settlement entered into by such the applicable L/C Issuer in its discretion), each Revolving Credit Lender shall pay to the Administrative Agent for the account of such L/C Issuer its Applicable Percentage Pro Rata Share thereof on demand of the Administrative Agent, plus interest thereon from the date of such demand to the date such amount is returned by such Revolving Credit Lender, at a rate per annum equal to the Federal Funds Effective Rate from time to time in effect. The obligations of the Revolving Credit Lenders under this clause shall survive the payment in full of the Obligations and the termination of this Agreement.

Appears in 7 contracts

Samples: Credit Agreement (Element Solutions Inc), Credit Agreement (Acuren Corp), Credit Agreement (APi Group Corp)

Repayment of Participations. (i) At any time after an the L/C Issuer has made a payment under any Letter of Credit and has received from any U.S. Revolving Credit Lender such U.S. Revolving Credit Lender’s L/C Advance in respect of such payment in accordance with Section 2.03(c), if the Administrative Agent receives for the account of such the L/C Issuer any payment in respect of the related Unreimbursed Amount or interest thereon (whether directly from the Borrowers Company or otherwise, including proceeds of cash collateral Cash Collateral applied thereto by the Administrative Agent pursuant to Section 2.03(g)Agent), the Administrative Agent will distribute to such U.S. Revolving Credit Lender its Applicable Percentage thereof (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Lender’s L/C Advance was outstanding) in the same funds as those received by the Administrative Agent. (ii) If any payment received by the Administrative Agent for the account of an the L/C Issuer pursuant to Section 2.03(c)(i) is required to be returned under any of the circumstances described in Section 10.05 (including pursuant to any settlement entered into by such the L/C Issuer in its discretion), each U.S. Revolving Credit Lender shall pay to the Administrative Agent for the account of such the L/C Issuer its Applicable Percentage thereof on demand of the Administrative Agent, plus interest thereon from the date of such demand to the date such amount is returned by such Lender, at a rate per annum equal to the Federal Funds applicable Overnight Rate from time to time in effect. The obligations of the U.S. Revolving Credit Lenders under this clause shall survive the payment in full of the Obligations and the termination of this Agreement.

Appears in 6 contracts

Samples: Credit Agreement (Hain Celestial Group Inc), Credit Agreement (Hain Celestial Group Inc), Credit Agreement (Hain Celestial Group Inc)

Repayment of Participations. (i) At any time after an L/C Issuer the Issuing Lender has made a payment under any Letter of Credit and has received from any Revolving Lender such Lender’s L/C Advance Participation Interest in respect of such payment in accordance with Section 2.03(c2.2(c), if the Administrative Agent receives for the account of such L/C Issuer the Issuing Lender any payment in respect of the related Unreimbursed Amount or interest thereon (whether directly from the Borrowers Borrower or otherwise, including proceeds of cash collateral applied thereto by the Administrative Agent pursuant to Section 2.03(g)Agent), the Administrative Agent will distribute to such Revolving Lender its Applicable Commitment Percentage thereof (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Revolving Lender’s L/C Advance Participation Interest was outstanding) in the same funds as those received by the Administrative Agent. (ii) If any payment received by the Administrative Agent for the account of an L/C Issuer the Issuing Lender pursuant to Section 2.03(c)(i2.2(c)(i) is required to be returned under any of the circumstances described in Section 10.05 11.2 (including pursuant to any settlement entered into by such L/C Issuer the Issuing Lender in its discretion), each Revolving Lender shall pay to the Administrative Agent for the account of such L/C Issuer the Issuing Lender its Applicable Commitment Percentage thereof on demand of the Administrative Agent, plus interest thereon from the date of such demand to the date such amount is returned by such Revolving Lender, at a rate per annum equal to the Federal Funds Rate from time to time in effect. The obligations of the Revolving Lenders under this clause shall survive the payment in full of the Credit Party Obligations and the termination of this Credit Agreement.

Appears in 6 contracts

Samples: Credit Agreement (Amn Healthcare Services Inc), Credit Agreement (Amn Healthcare Services Inc), Credit Agreement (Amn Healthcare Services Inc)

Repayment of Participations. (i) At any time after an the L/C Issuer has made a payment under any Letter of Credit and has received from any Revolving Credit Lender such Lender’s L/C Advance in respect of such payment in accordance with Section 2.03(c), if the Administrative Agent receives for the account of such the L/C Issuer any payment in respect of the related Unreimbursed Amount or interest thereon (whether directly from the Borrowers Borrower or otherwise, including proceeds of cash collateral Cash Collateral applied thereto by the Administrative Agent pursuant to Section 2.03(g)Agent), the Administrative Agent will distribute to such Lender its Applicable Revolving Credit Percentage thereof (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Lender’s L/C Advance was outstanding) Dollars and in the same funds as those received by the Administrative Agent. (ii) If any payment received by the Administrative Agent for the account of an the L/C Issuer pursuant to Section 2.03(c)(i) is required to be returned under any of the circumstances described in Section 10.05 (including pursuant to any settlement entered into by such the L/C Issuer in its discretion), each Revolving Credit Lender shall pay to the Administrative Agent for the account of such the L/C Issuer its Applicable Revolving Credit Percentage thereof on demand of the Administrative Agent, plus interest thereon from the date of such demand to the date such amount is returned by such Lender, at a rate per annum equal to the Federal Funds applicable Overnight Rate from time to time in effect. The obligations of the Lenders under this clause shall survive the payment in full of the Obligations and the termination of this Agreement.

Appears in 6 contracts

Samples: Credit Agreement (BWX Technologies, Inc.), Credit Agreement (BWX Technologies, Inc.), Credit Agreement (BWX Technologies, Inc.)

Repayment of Participations. (i) At any time after an the applicable L/C Issuer has made a payment under any Letter of Credit and has received from any Lender such Lender’s L/C Advance in respect of such payment in accordance with Section 2.03(c2.04(c), if the Administrative Agent receives for the account of such L/C Issuer any payment in respect of the related Unreimbursed Amount or interest thereon (whether directly from the Borrowers Borrower or otherwise, including proceeds of cash collateral Cash Collateral applied thereto by the Administrative Agent pursuant to Section 2.03(g)Agent), the Administrative Agent will distribute to such Lender its Applicable Percentage thereof (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Lender’s L/C Advance was outstanding) in Dollars and in the same funds as those received by the Administrative Agent. (ii) If any payment received by the Administrative Agent for the account of an the applicable L/C Issuer pursuant to Section 2.03(c)(i2.04(c)(i) is required to be returned under any of the circumstances described in Section 10.05 (including pursuant to any settlement entered into by such L/C Issuer in its discretion), each Lender shall pay to the Administrative Agent for the account of such L/C Issuer its Applicable Percentage thereof on demand of the Administrative Agent, plus interest thereon from the date of such demand to the date such amount is returned by such Lender, at a rate per annum equal to the Federal Funds applicable Overnight Rate from time to time in effect. The obligations of the Lenders under this clause shall survive the payment in full of the Obligations and the termination of this Agreement.

Appears in 6 contracts

Samples: Credit Agreement (Lowes Companies Inc), Credit Agreement (Lowes Companies Inc), Credit Agreement (Lowes Companies Inc)

Repayment of Participations. (ia) At any time after an the L/C Issuer has made a payment under any Letter of Credit and has received from any Lender such Lender’s L/C Advance in respect of such payment in accordance with Section 2.03(c)3.3, if the Administrative Agent receives for the account of such the L/C Issuer any payment in respect of the related Unreimbursed Amount or interest thereon (whether directly from the Borrowers Borrower or otherwise, including proceeds of cash collateral applied thereto by the Administrative Agent pursuant to Section 2.03(g)Agent), the Administrative Agent will distribute to such Lender its Applicable Commitment Percentage thereof in US Dollars (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Lender’s L/C Advance was outstanding) in the same funds as those received by the Administrative Agent. (iib) If any payment received by the Administrative Agent for the account of an the L/C Issuer pursuant to Section 2.03(c)(i3.3(a) is subsequently invalidated, declared to be fraudulent or preferential, set aside or required to be returned under any of the circumstances described in Section 10.05 15.26 (including pursuant to any settlement entered into by such the L/C Issuer in its discretion), each Lender shall pay to the Administrative Agent for the account of such the L/C Issuer its Applicable Commitment Percentage thereof on demand of the Administrative Agent, plus interest thereon from the date of such demand to the date such amount is returned by such Lender, at a rate per annum equal to the Federal Funds applicable Overnight Rate from time to time in effect. The obligations of the Lenders under this clause shall survive the payment in full of the Obligations and the the, termination of this Agreement.

Appears in 5 contracts

Samples: Credit Agreement (Williams Sonoma Inc), Credit Agreement (Williams Sonoma Inc), Credit Agreement (Williams Sonoma Inc)

Repayment of Participations. (i) At If, at any time after an L/C Issuer has made a payment under any Letter of Credit issued by it and has received from any Revolving Credit Lender such Lender’s L/C Advance in respect of such payment in accordance with Section 2.03(c2.03(d), if the Administrative Agent receives for the account of such L/C Issuer any payment in respect of the related Unreimbursed Amount or interest thereon (whether directly from the Borrowers or otherwise, including proceeds of cash collateral Cash Collateral applied thereto by the Administrative Agent pursuant to Section 2.03(g)Agent), the Administrative Agent will distribute to such Lender its Applicable Percentage applicable Pro Rata Share thereof (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Lender’s L/C Advance was outstanding) in the same funds as those received by the Administrative Agent. (ii) If any payment received by the Administrative Agent for the account of an L/C Issuer pursuant to Section 2.03(c)(i2.03(d)(i) is required to be returned under any of the circumstances described in Section 10.05 10.06 (including pursuant to any settlement entered into by such L/C Issuer in its discretion), each Revolving Credit Lender shall pay to the Administrative Agent for the account of such L/C Issuer its Applicable Percentage applicable Pro Rata Share thereof on demand of the Administrative Agent, plus interest thereon from the date of such demand to the date such amount is returned by such Lender, at a rate per annum equal to the Federal Funds NYFRB Rate from time to time in effect. The obligations of the Lenders under this clause shall survive the payment in full of the Obligations and the termination of this Agreement.

Appears in 5 contracts

Samples: Credit Agreement (Paya Holdings Inc.), Credit Agreement (Maravai Lifesciences Holdings, Inc.), Credit Agreement (Maravai Lifesciences Holdings, Inc.)

Repayment of Participations. (i) At any time after an the L/C Issuer has made a payment under any Letter of Credit and has received from any Revolving Credit Lender such Lender’s L/C Advance in respect of such payment in accordance with Section 2.03(c), if the Administrative Agent receives for the account of such the L/C Issuer any payment in respect of the related Unreimbursed Amount or interest thereon (whether directly from the Borrowers Company or otherwise, including proceeds of cash collateral Cash Collateral applied thereto by the Administrative Agent pursuant to Section 2.03(g)Agent), the Administrative Agent will distribute to such Lender its Applicable Revolving Credit Percentage thereof (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Lender’s L/C Advance was outstanding) in the same funds as those received by the Administrative Agent. (ii) If any payment received by the Administrative Agent for the account of an the L/C Issuer pursuant to Section 2.03(c)(i) is required to be returned under any of the circumstances described in Section 10.05 (including pursuant to any settlement entered into by such the L/C Issuer in its discretion), each Revolving Credit Lender shall pay to the Administrative Agent for the account of such the L/C Issuer its Applicable Revolving Credit Percentage thereof on demand of the Administrative Agent, plus interest thereon from the date of such demand to the date such amount is returned by such Lender, at a rate per annum equal to the Federal Funds Rate from time to time in effect. The obligations of the Lenders under this clause shall survive the payment in full of the Obligations and the termination of this Credit Agreement.

Appears in 5 contracts

Samples: Credit Agreement (Cablevision Systems Corp /Ny), Credit Agreement (Madison Square Garden, Inc.), Amendment Agreement (CSC Holdings Inc)

Repayment of Participations. (i) At any time after an the applicable L/C Issuer has made a payment under any Letter of Credit and has received from any Revolving Lender such Lender’s L/C Advance in respect of such payment in accordance with Section 2.03(c), if the Administrative Agent receives for the account of such L/C Issuer any payment in respect of the related Unreimbursed Amount or interest thereon (whether directly from the Borrowers Borrower or otherwise, including proceeds of cash collateral Cash Collateral applied thereto by the Administrative Agent pursuant to Section 2.03(g)Agent), the Administrative Agent will distribute to such Lender its Applicable Percentage thereof (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Lender’s L/C Advance was outstanding) in the same funds as those received by the Administrative Agent. (ii) If any payment received by the Administrative Agent for the account of an any L/C Issuer pursuant to Section 2.03(c)(i) is required to be returned under any of the circumstances described in Section 10.05 11.05 (including pursuant to any settlement entered into by such the applicable L/C Issuer in its discretion), each Revolving Lender shall pay to the Administrative Agent for the account of such L/C Issuer its Applicable Percentage thereof on demand of the Administrative Agent, plus interest thereon from the date of such demand to the date such amount is returned by such Lender, at a rate per annum equal to the Federal Funds Rate from time to time in effect. The obligations of the Revolving Lenders under this clause shall survive the payment in full of the Obligations and the termination of this Agreement.

Appears in 5 contracts

Samples: Credit Agreement (Spirit AeroSystems Holdings, Inc.), Credit Agreement (Spirit AeroSystems Holdings, Inc.), Credit Agreement (Spirit AeroSystems Holdings, Inc.)

Repayment of Participations. (i) At any time after an the L/C Issuer has made a payment under any Letter of Credit and has received from any Revolving Lender such Lender’s L/C Advance in respect of such payment in accordance with Section 2.03(c2.03(b), if the Administrative Agent receives for the account of such the L/C Issuer any payment in respect of the related Unreimbursed Amount or interest thereon (whether directly from the Borrowers Borrower or otherwise, including proceeds of cash collateral Cash Collateral applied thereto by the Administrative Agent pursuant to Section 2.03(g)Agent), the Administrative Agent will distribute to such Lender its Applicable Percentage thereof (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Lender’s L/C Advance was outstanding) in Dollars and in the same funds as those received by the Administrative Agent. (ii) If any payment received by the Administrative Agent for the account of an the L/C Issuer pursuant to Section 2.03(c)(i2.03(b)(v) is required to be returned under any of the circumstances described in Section 10.05 (including pursuant to any settlement entered into by such the L/C Issuer in its discretion), each Revolving Lender shall pay to the Administrative Agent for the account of such the L/C Issuer its Applicable Percentage thereof on demand of the Administrative Agent, plus interest thereon from the date of such demand to the date such amount is returned by such Lender, at a rate per annum equal to the Federal Funds applicable Overnight Rate from time to time in effect. The obligations of the Revolving Lenders under this clause (c)(ii) shall survive the payment in full of the Obligations and the termination of this Agreement.

Appears in 5 contracts

Samples: Credit Agreement (Healthpeak Properties, Inc.), Credit Agreement (Healthpeak Properties, Inc.), Credit Agreement (Healthpeak Properties, Inc.)

Repayment of Participations. (i) At any time after an the L/C Issuer has made a payment under any Letter of Credit and has received from any Lender such Lender’s L/C Advance in respect of such payment in accordance with Section 2.03(c), if the Administrative Agent receives for the account of such the L/C Issuer any payment in respect of the related Unreimbursed Amount or interest thereon (whether directly from the Borrowers Borrower or otherwise, including proceeds of cash collateral Cash Collateral applied thereto by the Administrative Agent pursuant to Section 2.03(g)Agent), the Administrative Agent will distribute to such Lender its Applicable Revolving Credit Percentage thereof (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Lender’s L/C Advance was outstanding) in the same funds as those received by the Administrative Agent. (ii) If any payment received by the Administrative Agent for the account of an the L/C Issuer pursuant to Section 2.03(c)(i) is required to be returned under any of the circumstances described in Section 10.05 11.05 (including pursuant to any settlement entered into by such the L/C Issuer in its discretion), each Lender shall pay to the Administrative Agent for the account of such the L/C Issuer its Applicable Revolving Credit Percentage thereof on demand of the Administrative Agent, plus interest thereon from the date of such demand to the date such amount is returned by such Lender, at a rate per annum equal to the Federal Funds Rate from time to time in effect. The obligations of the Lenders under this clause shall survive the payment in full of the Obligations and the termination of this Agreement.

Appears in 5 contracts

Samples: Credit Agreement (Kapstone Paper & Packaging Corp), Credit Agreement (Kapstone Paper & Packaging Corp), Credit Agreement (Kapstone Paper & Packaging Corp)

Repayment of Participations. (i) At any time after an the L/C Issuer has made a payment under any Letter of Credit and has received from any Revolving Credit Lender such Revolving Credit Lender’s L/C Advance in respect of such payment in accordance with Section 2.03(c), if the Administrative Agent receives for the account of such the L/C Issuer any payment in respect of the related Unreimbursed Amount or interest thereon (whether directly from the Borrowers Company, any Borrower or otherwise, including proceeds of cash collateral Cash Collateral applied thereto by the Administrative Agent pursuant to Section 2.03(g)Agent), the Administrative Agent will distribute to such Revolving Credit Lender its Applicable Percentage thereof (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Lender’s L/C Advance was outstanding) in the same funds as those received by the Administrative Agent. (ii) If any payment received by the Administrative Agent for the account of an the L/C Issuer pursuant to Section 2.03(c)(i) is required to be returned under any of the circumstances described in Section 10.05 (including pursuant to any settlement entered into by such the L/C Issuer in its discretion), each Revolving Credit Lender shall pay to the Administrative Agent for the account of such the L/C Issuer its Applicable Percentage thereof on demand of the Administrative Agent, plus interest thereon from the date of such demand to the date such amount is returned by such Revolving Credit Lender, at a rate per annum equal to the Federal Funds applicable Overnight Rate from time to time in effect. The obligations of the Revolving Credit Lenders under this clause shall survive the payment in full of the Obligations and the termination of this Agreement.

Appears in 5 contracts

Samples: Limited Waiver and Amendment to Credit Agreement (Granite Construction Inc), Credit Agreement (Granite Construction Inc), Credit Agreement (Granite Construction Inc)

Repayment of Participations. (i) At If, at any time after an L/C Issuer has made a payment under any Letter of Credit issued by it and has received from any Lender such Lender’s L/C Advance in respect of such payment in accordance with Section 2.03(c), if the L/C Issuer (or the Administrative Agent receives Agent, for the account of such L/C Issuer Issuer) receives any payment in respect of the related Unreimbursed Amount or interest thereon (whether directly from the Borrowers Borrower or otherwise, including proceeds of cash collateral Cash Collateral applied thereto by the Administrative Agent pursuant to Section 2.03(g)Agent), the Administrative Agent will distribute to such Lender its Applicable Percentage Pro Rata Share thereof (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Lender’s L/C Advance was outstanding) in the same funds as those received by the Administrative Agent. (ii) If any payment received by the Administrative Agent for the account of an L/C Issuer pursuant to Section 2.03(c)(i) is required to be returned under any of the circumstances described in Section 10.05 10.06 (including pursuant to any settlement entered into by such L/C Issuer in its discretion), each Lender shall pay to the Administrative Agent for the account of such L/C Issuer its Applicable Percentage Pro Rata Share thereof on demand of the Administrative Agent, plus interest thereon from the date of such demand to the date such amount is returned by such Lender, at a rate per annum equal to the Federal Funds Rate from time to time in effect. The obligations of the Lenders under this clause shall survive the payment in full of the Obligations and the termination of this Agreement.

Appears in 5 contracts

Samples: Credit Agreement (At Home Group Inc.), Credit Agreement (At Home Group Inc.), Credit Agreement (At Home Group Inc.)

Repayment of Participations. (i) At any time after an the L/C Issuer has made a payment under any Letter of Credit and has received from any Revolving Lender such Lender’s L/C Advance in respect of such payment in accordance with Section 2.03(c), if the Administrative Agent receives for the account of such the L/C Issuer any payment in respect of the related Unreimbursed Amount or interest thereon (whether directly from the Borrowers Borrower or otherwise, including proceeds of cash collateral Cash Collateral applied thereto by the Administrative Agent pursuant to Section 2.03(g)Agent), the Administrative Agent will distribute to such Lender its Applicable Percentage thereof (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Lender’s L/C Advance was outstanding) thereof in the same funds as those received by the Administrative Agent. (ii) If any payment received by the Administrative Agent for the account of an the L/C Issuer pursuant to Section 2.03(c)(i) is required to be returned under any of the circumstances described in Section 10.05 11.05 (including pursuant to any settlement entered into by such the L/C Issuer in its discretion), each Revolving Lender shall pay to the Administrative Agent for the account of such the L/C Issuer its Applicable Percentage thereof on demand of the Administrative Agent, plus interest thereon from the date of such demand to the date such amount is returned by such Lender, at a rate per annum equal to the Federal Funds Rate from time to time in effect. The obligations of the Revolving Lenders under this clause shall survive the payment in full of the Obligations and the termination of this Agreement.

Appears in 5 contracts

Samples: Credit Agreement (Caci International Inc /De/), Credit Agreement (Caci International Inc /De/), Credit Agreement (Caci International Inc /De/)

Repayment of Participations. (i) At any time after an the L/C C-BA Issuer has made a payment under any Letter of Credit or Bankers’ Acceptance and has received from any Revolving Lender such Revolving Lender’s L/C C-BA Advance in respect of such payment in accordance with Section 2.03(c2.03(d), if the Administrative Agent receives for the account of such the L/C C-BA Issuer any payment in respect of the related Unreimbursed Amount or interest thereon (whether directly from the Borrowers Borrowing Agent, the applicable Borrower or otherwise, including proceeds of cash collateral Cash Collateral applied thereto by the Administrative Agent pursuant to Section 2.03(g)Agent), the Administrative Agent will distribute to such Revolving Lender its Applicable Revolving Percentage thereof (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Lender’s L/C Advance was outstanding) in the same funds as those received by the Administrative Agent. (ii) If any payment received by the Administrative Agent for the account of an the L/C C-BA Issuer pursuant to Section 2.03(c)(i2.03(d)(i) is required to be returned under any of the circumstances described in Section 10.05 (including pursuant to any settlement entered into by such the L/C C-BA Issuer in its discretion), each Revolving Lender shall pay to the Administrative Agent for the account of such the L/C C-BA Issuer its Applicable Revolving Percentage thereof on demand of the Administrative Agent, plus interest thereon from the date of such demand to the date such amount is returned by such Revolving Lender, at a rate per annum equal to the Federal Funds Rate from time to time in effect. The obligations of the Revolving Lenders under this clause shall survive the payment in full of the Obligations and the termination of this Agreement.

Appears in 5 contracts

Samples: Credit Agreement (World Fuel Services Corp), Credit Agreement (World Fuel Services Corp), Credit Agreement (World Fuel Services Corp)

Repayment of Participations. (i) At any time after an the L/C Issuer has made a payment under any Letter of Credit and has received from any Lender such Lender’s L/C Advance in respect of such payment in accordance with Section 2.03(c2.04(c), if the Administrative Agent receives for the account of such the L/C Issuer any payment in respect of the related Unreimbursed Amount or interest thereon (whether directly from the Borrowers Borrower or otherwise, including proceeds of cash collateral Cash Collateral applied thereto by the Administrative Agent pursuant to Section 2.03(g)Agent), the Administrative Agent will distribute to such Lender its Applicable Percentage thereof (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Lender’s L/C Advance was outstanding) in the same funds as those received by the Administrative Agent. (ii) If any payment received by the Administrative Agent for the account of an the L/C Issuer pursuant to Section 2.03(c)(i2.04(c)(i) is required to be returned under any of the circumstances described in Section 10.05 (including pursuant to any settlement entered into by such the L/C Issuer in its discretion), each Lender shall pay to the Administrative Agent for the account of such the L/C Issuer its Applicable Percentage thereof on demand of the Administrative Agent, plus interest thereon from the date of such demand to the date such amount is returned by such Lender, at a rate per annum equal to the Federal Funds Rate from time to time in effect. The obligations of the Lenders under this clause shall survive the payment in full of the Obligations and the termination of this Agreement.

Appears in 5 contracts

Samples: Credit Agreement (Unitil Corp), Credit Agreement, Credit Agreement (Unitil Corp)

Repayment of Participations. (i) At If, at any time after an L/C Issuer Issuing Bank has made a payment under any Letter of Credit and has received from any Revolving Lender such Lender’s L/C LC Advance in respect of such payment in accordance with Section 2.03(c2.05(a), if the Administrative Agent receives for the account of such L/C Issuer Issuing Bank any payment in respect of the related Unreimbursed Amount LC Disbursement or interest thereon (whether directly from the Borrowers Borrower or otherwise, including proceeds of cash collateral Cash Collateral applied thereto by the Administrative Agent pursuant to Section 2.03(g)Agent), the Administrative Agent will distribute to such Revolving Lender its Applicable Percentage thereof (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Lender’s L/C LC Advance was outstanding) in the same funds as those received by the Administrative Agent. (ii) If any payment received by the Administrative Agent for the account of an L/C Issuer Issuing Bank pursuant to Section 2.03(c)(i2.05(a)(x) is required to be returned under any of the circumstances described in Section 10.05 9.03 (including pursuant to any settlement entered into by such L/C Issuer Issuing Bank in its discretion), each Revolving Lender shall pay to the Administrative Agent for the account of such L/C Issuer Issuing Bank its Applicable Percentage thereof on demand of the Administrative Agent, plus interest thereon from the date of such demand to the date such amount is returned by such Lender, at a rate per annum equal to the Federal Funds applicable Overnight Rate from time to time in effect. The obligations of the Revolving Lenders under this clause (b)(ii) shall survive the payment in full of the Obligations and the termination of this Agreement.

Appears in 5 contracts

Samples: Credit Agreement (Nasdaq, Inc.), Credit Agreement (Nasdaq, Inc.), Credit Agreement (Tradeweb Markets Inc.)

Repayment of Participations. (ia) At any time after an L/C Issuer the Issuing Bank has made a payment under any Letter of Credit and has received from any Lender Domestic Bank such LenderBank’s L/C Advance in respect of such payment in accordance with Section 2.03(c)§4.3, if the Administrative Agent receives for the account of such L/C Issuer the Issuing Bank any payment in respect of the related Unreimbursed Amount or interest thereon (whether directly from the Borrowers Ryder or otherwise, including proceeds of cash collateral Cash Collateral applied thereto by the Administrative Agent pursuant to Section 2.03(g)Agent), the Administrative Agent will distribute to such Lender Bank its Applicable Domestic Commitment Percentage thereof (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such LenderBank’s L/C Advance was outstanding) in the same funds as those received by the Administrative Agent. (iib) If any payment received by the Administrative Agent for the account of an L/C Issuer the Issuing Bank pursuant to Section 2.03(c)(i§4.3(a) is required to be returned in connection with any proceeding under any Debtor Relief Law or under any of the circumstances described in Section 10.05 §15A (in each case, including pursuant to any settlement entered into by such L/C Issuer the Issuing Bank in its discretion), each Lender Domestic Bank shall pay to the Administrative Agent for the account of such L/C Issuer the Issuing Bank its Applicable Domestic Commitment Percentage thereof on demand of the Administrative Agent, plus interest thereon from the date of such demand to the date such amount is returned by such LenderBank, at a rate per annum equal to the Federal Funds Overnight Rate from time to time in effect. The obligations of the Lenders such Banks under this clause shall survive the payment in full of the Obligations and the termination of this Agreement.

Appears in 4 contracts

Samples: Global Revolving Credit Agreement (Ryder System Inc), Global Revolving Credit Agreement (Ryder System Inc), Global Revolving Credit Agreement (Ryder System Inc)

Repayment of Participations. (i) At any time after an L/C Issuer has made a payment under any Letter of Credit and has received from any Revolving Lender such Revolving Lender’s L/C Advance in respect of such payment in accordance with Section 2.03(c2.04(c), if the Administrative Agent receives for the account of such L/C Issuer any payment in respect of the related Unreimbursed Amount or interest thereon (whether directly from the Borrowers Borrower or otherwise, including proceeds of cash collateral Cash Collateral applied thereto by the Administrative Agent pursuant to Section 2.03(g)Agent), the Administrative Agent will distribute to such Revolving Lender its Applicable Percentage thereof (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Lender’s L/C Advance was outstanding) in the same funds as those received by the Administrative Agent. (ii) If any payment received by the Administrative Agent for the account of an L/C Issuer pursuant to Section 2.03(c)(i2.04(c)(i) is required to be returned under any of the circumstances described in Section 10.05 (including pursuant to any settlement entered into by such an L/C Issuer in its discretion), each Lender shall pay to the Administrative Agent for the account of such L/C Issuer its Applicable Percentage thereof on demand of the Administrative Agent, plus interest thereon from the date of such demand to the date such amount is returned by such Revolving Lender, at a rate per annum equal to the Federal Funds Rate from time to time in effect. The obligations of the Revolving Lenders under this clause shall survive the payment in full of the Obligations and the termination of this Agreement.

Appears in 4 contracts

Samples: Credit Agreement (Empire State Realty OP, L.P.), Credit Agreement (Empire State Realty OP, L.P.), Credit Agreement (Empire State Realty OP, L.P.)

Repayment of Participations. (i) At any time after an the applicable L/C Issuer has made a payment under any Letter of Credit and has received from any Lender such Lender’s L/C Advance in respect of such payment in accordance with Section 2.03(c2.19(c), if the Administrative Agent receives for the account of such L/C Issuer any payment in respect of the related Unreimbursed Amount or interest thereon (whether directly from the Borrowers Borrower or otherwise, including proceeds of cash collateral applied thereto by the Administrative Agent pursuant to Section 2.03(g)Agent), the Administrative Agent will distribute to such Lender its Applicable Percentage Pro Rata Share thereof (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Lender’s L/C Advance was outstanding) in the same funds as those received by the Administrative Agent. (ii) If any payment received by the Administrative Agent for the account of an the applicable L/C Issuer pursuant to Section 2.03(c)(i2.19(c)(i) is required to be returned under any of the circumstances described in Section 10.05 (including pursuant to any settlement entered into by such L/C Issuer in its discretion), each Lender shall pay to the Administrative Agent for the account of such L/C Issuer its Applicable Percentage Pro Rata Share thereof on demand of the Administrative Agent, plus interest thereon from the date of such demand to the date such amount is returned by such Lender, at a rate per annum equal to the Federal Funds Effective Rate from time to time in effect. The obligations of the Lenders under this clause shall survive the payment in full of the Obligations and the termination of this Agreement.

Appears in 4 contracts

Samples: Credit Agreement (Portland General Electric Co /Or/), Credit Agreement (Portland General Electric Co /Or/), Credit Agreement (Portland General Electric Co /Or/)

Repayment of Participations. (i) At any time after an L/C the LC Issuer has made a payment under any Letter of Credit and has received from any Revolving Lender such Lender’s L/C LC Advance in respect of such payment in accordance with Section 2.03(c), if the Administrative Agent receives for the account of such L/C the LC Issuer any payment in respect of the related Unreimbursed Amount or interest thereon (whether directly from the Borrowers or otherwise, including proceeds of cash collateral Cash Collateral applied thereto by the Administrative Agent pursuant to Section 2.03(g)Agent), the Administrative Agent will distribute to such Revolving Lender its Applicable Percentage thereof (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Lender’s L/C LC Advance was outstanding) in the same funds as those received by the Administrative Agent. (ii) If any payment received by the Administrative Agent for the account of an L/C the LC Issuer pursuant to Section 2.03(c)(i) is required to be returned under any of the circumstances described in Section 10.05 (including pursuant to any settlement entered into by such L/C the LC Issuer in its discretion), each Revolving Lender shall pay to the Administrative Agent for the account of such L/C the LC Issuer its Applicable Percentage thereof on demand of the Administrative Agent, plus interest thereon from the date of such demand to the date such amount is returned by such Lender, at a rate per annum equal to the Federal Funds Rate from time to time in effect. The obligations of the Revolving Lenders under this clause shall survive the payment in full of the Secured Obligations and the termination of this Agreement.

Appears in 4 contracts

Samples: Credit Agreement (Barnes & Noble Education, Inc.), Credit Agreement (Barnes & Noble Education, Inc.), Credit Agreement (Barnes & Noble Education, Inc.)

Repayment of Participations. (i) At any time after an L/C Issuer the Issuing Bank has made a payment under any Letter of Credit and has received from any Lender such Lender’s L/C Advance in respect of such payment such Lender’s Pro Rata Share of the relevant Letter of Credit Advance in accordance with Section 2.03(c2.16(c), if the Administrative Agent receives for the account of such L/C Issuer the Issuing Bank any payment in respect of the related Unreimbursed Amount or interest thereon (whether directly from the Borrowers or otherwise, including proceeds of cash collateral Cash Collateral applied thereto by the Administrative Agent pursuant to Section 2.03(g)Agent), the Administrative Agent will distribute to such Lender its Applicable Percentage Pro Rata Share thereof (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Lender’s L/C Advance was outstanding) in the same funds as those received by the Administrative Agent. (ii) If any payment received by the Administrative Agent for the account of an L/C Issuer the Issuing Bank pursuant to Section 2.03(c)(i2.16(c)(i) is required to be returned under any of the circumstances described in Section 10.05 8.16 (including pursuant to any settlement entered into by such L/C Issuer the Issuing Bank in its discretion), each Lender shall pay to the Administrative Agent for the account of such L/C Issuer the Issuing Bank its Applicable Percentage Pro Rata Share thereof on demand of the Administrative Agent, plus interest thereon from the date of such demand to the date such amount is returned by such Lender, at a rate per annum equal to the Federal Funds Rate from time to time in effect. The obligations of the Lenders under this clause shall survive the payment in full of the Obligations obligations, debts and liabilities under this Agreement and the other Loan Documents and the termination of this Agreement.

Appears in 4 contracts

Samples: Credit Agreement (Scholastic Corp), Credit Agreement (Scholastic Corp), Credit Agreement (Scholastic Corp)

Repayment of Participations. (i) At If, at any time after an L/C Issuer Issuing Bank has made a payment under any Letter of Credit and has received from any Revolving Lender such Lender’s L/C LC Advance in respect of such payment in accordance with Section 2.03(c2.05(a), if the Administrative Agent receives for the account of such L/C Issuer Issuing Bank any payment in respect of the related Unreimbursed Amount LC Disbursement or interest thereon (whether directly from the Borrowers Borrower or otherwise, including proceeds of cash collateral Cash Collateral applied thereto by the Administrative Agent pursuant to Section 2.03(g)Agent), the Administrative Agent will distribute to such Revolving Lender its Applicable Percentage thereof (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such LenderXxxxxx’s L/C LC Advance was outstanding) in the same funds as those received by the Administrative Agent. (ii) If any payment received by the Administrative Agent for the account of an L/C Issuer Issuing Bank pursuant to Section 2.03(c)(i2.05(a)(x) is required to be returned under any of the circumstances described in Section 10.05 9.03 (including pursuant to any settlement entered into by such L/C Issuer Issuing Bank in its discretion), each Revolving Lender shall pay to the Administrative Agent for the account of such L/C Issuer Issuing Bank its Applicable Percentage thereof on demand of the Administrative Agent, plus interest thereon from the date of such demand to the date such amount is returned by such Lender, at a rate per annum equal to the Federal Funds applicable Overnight Rate from time to time in effect. The obligations of the Revolving Lenders under this clause (b)(ii) shall survive the payment in full of the Obligations and the termination of this Agreement.

Appears in 3 contracts

Samples: Credit Agreement (Tradeweb Markets Inc.), Credit Agreement (Nasdaq, Inc.), Credit Agreement (Tradeweb Markets Inc.)

Repayment of Participations. (i) At any time after an the applicable L/C Issuer has made a payment under any Letter of Credit and has received from any Lender such Lender’s L/C Advance in respect of such payment in accordance with Section 2.03(c2.04(c), if the Administrative Agent receives for the account of such L/C Issuer any payment in respect of the related Unreimbursed Amount or interest thereon (whether directly from the Borrowers Company, the applicable Designated Borrower or otherwise, including proceeds of cash collateral Cash Collateral applied thereto by the Administrative Agent pursuant to Section 2.03(g)Agent), the Administrative Agent will distribute to such Lender the amount of its Applicable Percentage thereof (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Lender’s L/C Advance was outstanding) in the same funds as those received by the Administrative Agentthereof. (ii) If any payment received by the Administrative Agent for the account of an the applicable L/C Issuer pursuant to Section 2.03(c)(i2.04(c)(i) in respect of any drawing on any Letter of Credit is required to be returned under any of the circumstances described in Section 10.05 (including pursuant to any settlement entered into by such L/C Issuer the Administrative Agent in its discretion), each Lender shall pay to the Administrative Agent for the account of such L/C Issuer the amount of its Applicable Percentage thereof on demand of the Administrative Agent, plus interest thereon from the date of such demand to the date such amount is returned by such Lender, at a rate per annum equal to the Federal Funds applicable Overnight Rate from time to time in effect, and such payment by each Lender shall be deemed to be its L/C Advance in such amount pursuant to Section 2.04(c)(iii). The obligations of the Lenders under this clause shall survive the payment in full of the Obligations and the termination of this Agreement.

Appears in 3 contracts

Samples: Credit Agreement (Stryker Corp), Credit Agreement (Stryker Corp), Credit Agreement (Stryker Corp)

Repayment of Participations. (i) At If, at any time after an L/C Issuer has made a payment under any Letter of Credit issued by it and has received from any Revolving Credit Lender such Lender’s L/C Advance in respect of such payment in accordance with Section 2.03(c), if the Administrative Agent receives for the account of such L/C Issuer any payment in respect of the related Unreimbursed Amount or interest thereon (whether directly from the Borrowers Borrower or otherwise, including proceeds of cash collateral Cash Collateral applied thereto by the Administrative Agent pursuant to Section 2.03(g)Agent), the Administrative Agent will distribute to such Lender its Applicable Percentage Pro Rata Share thereof (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Lender’s L/C Advance was outstanding) in the same funds as those received by the Administrative Agent. (ii) If any payment received by the Administrative Agent for the account of an L/C Issuer pursuant to Section 2.03(c)(i) is required to be returned under any of the circumstances described in Section 10.05 10.06 (including pursuant to any settlement entered into by such L/C Issuer in its discretion), each Revolving Credit Lender shall pay to the Administrative Agent for the account of such L/C Issuer its Applicable Percentage Pro Rata Share thereof on demand of the Administrative Agent, plus interest thereon from the date of such demand to the date such amount is returned by such Lender, at a rate per annum equal to the Federal Funds Rate from time to time in effect. The obligations of the Lenders under this clause shall survive the payment in full of the Obligations and the termination of this Agreement.

Appears in 3 contracts

Samples: Credit Agreement (Solgar), Credit Agreement (Michael Foods Inc/New), Credit Agreement (Michael Foods Inc/New)

Repayment of Participations. (i) At any time after an the applicable L/C Issuer has made a payment under any Letter of Credit and has received from any Lender such Lender’s L/C Advance in respect of such payment in accordance with Section 2.03(c2.9(g), if the Administrative Agent receives for the account of such L/C Issuer any payment in respect of the related Unreimbursed Amount or interest thereon (whether directly from the Borrowers Borrower or otherwise, including proceeds of cash collateral Cash Collateral applied thereto by the Administrative Agent pursuant to Section 2.03(g)Agent), the Administrative Agent will distribute to such Lender its Applicable Commitment Percentage thereof (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Lender’s L/C Advance was outstanding) in the same funds as those received by the Administrative Agent. (ii) . If any payment received by the Administrative Agent for the account of an L/C Issuer pursuant to Section 2.03(c)(i2.9(g) is required to be returned under any of the circumstances described in Section 10.05 11.13 (including pursuant to any settlement entered into by such L/C Issuer in its discretion), each Lender shall pay to the Administrative Agent for the account of such L/C Issuer its Applicable Commitment Percentage thereof on demand of the Administrative Agent, plus interest thereon from the date of such demand to the date such amount is returned by such Lender, at a rate per annum equal to the Federal Funds Rate from time to time in effect. The obligations of the Lenders under this clause shall survive the payment in full of the Obligations Borrower’s obligations under, and the termination of of, this Credit Agreement.

Appears in 3 contracts

Samples: Credit Agreement (Integrys Energy Group, Inc.), Credit Agreement (Integrys Energy Group, Inc.), Credit Agreement (Integrys Energy Group, Inc.)

Repayment of Participations. (i) At If, at any time after an L/C Issuer has made a payment under any Letter of Credit issued by it and has received from any Revolving Credit Lender such Lender’s L/C Advance in respect of such payment in accordance with Section 2.03(c), if the Administrative Agent receives for the account of such L/C Issuer any payment in respect of the related Unreimbursed Amount or interest thereon (whether directly from the Borrowers Borrower or otherwise, including proceeds of cash collateral Cash Collateral applied thereto by the Administrative Agent pursuant to Section 2.03(g)Agent), the Administrative Agent will distribute to such Lender its Applicable Percentage Pro Rata Share thereof (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Lender’s L/C Advance was outstanding) in the same funds as those received by the Administrative Agent. (ii) If any payment received by the Administrative Agent for the account of an L/C Issuer pursuant to Section 2.03(c)(i) is required to be returned under any of the circumstances described in Section 10.05 10.06 (including pursuant to any settlement entered into by such L/C Issuer in its discretion), each Revolving Credit Lender shall pay to the Administrative Agent for the account of such L/C Issuer its Applicable Percentage Pro Rata Share thereof on demand of the Administrative Agent, plus interest thereon from the date of such demand to the date such amount is returned by such Lender, at a rate per annum equal to the Federal Funds Rate from time to time in effect. The obligations of the Lenders under this clause shall survive the payment in full of the Obligations and the termination of this Agreement.

Appears in 3 contracts

Samples: Credit Agreement (Tribune Media Co), Credit Agreement (Chicagoland Television News, LLC), Credit Agreement (Tribune Media Co)

Repayment of Participations. (i) At any time after an L/C Issuer Issuing Bank has made a payment under any Letter of Credit issued by it and has received from any Lender such Lender’s L/C Advance Loan in respect of such payment in accordance with Section 2.03(c2.13(c), if the Administrative Agent receives for the account of such L/C Issuer Issuing Bank any payment in respect of the related Unreimbursed Amount or interest thereon (whether directly from the Borrowers Borrower or otherwise, including proceeds of cash collateral Cash Collateral applied thereto by the Administrative Agent pursuant to Section 2.03(g)Agent), the Administrative Agent will distribute to such Lender its Applicable Percentage applicable pro rata share thereof (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Lender’s L/C Advance was outstanding) in the same funds as those received by the Administrative Agent. (ii) If any payment received by the Administrative Agent for the account of an L/C Issuer Issuing Bank pursuant to Section 2.03(c)(i2.13(c)(i) is required to be returned under any of the circumstances described in Section 10.05 because it its invalidated, declared to be fraudulent or preferential, set aside or required (including pursuant to any settlement entered into by such L/C Issuer Issuing Bank in its discretion)) to be repaid to a trustee, receiver or any other party in connection with any proceeding under any debtor relief law or otherwise, each Lender shall pay to the Administrative Agent for the account of such L/C Issuer Issuing Bank its Applicable Percentage Commitment Ratio thereof on demand of the Administrative Agent, plus interest thereon from the date of such demand to the date such amount is returned by such Lender, at a rate per annum equal to the Federal Funds Rate from time to time in effect. The obligations of the Lenders under this clause shall survive the payment in full of the Obligations and the termination of this Agreement.

Appears in 3 contracts

Samples: Loan Agreement, Loan Agreement (American Tower Corp /Ma/), Loan Agreement (American Tower Corp /Ma/)

Repayment of Participations. (i) At If at any time after an L/C Issuer has made a payment under any Letter of Credit issued by it and has received from any Revolving Credit Lender such Lender’s L/C Advance in respect of such payment in accordance with Section 2.03(c), if the Administrative Agent receives for the account of such L/C Issuer any payment in respect of the related Unreimbursed Amount or interest thereon (whether directly from the Borrowers Borrower or otherwise, including proceeds of cash collateral Cash Collateral applied thereto by the Administrative Agent pursuant to Section 2.03(g)Agent), the Administrative Agent will distribute to such Lender its Applicable Percentage applicable Pro Rata Share thereof (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Lender’s L/C Advance was outstanding) in the same funds as those received by the Administrative Agent. (ii) If any payment received by the Administrative Agent for the account of an L/C Issuer pursuant to Section 2.03(c)(i) is required to be returned under any of the circumstances described in Section 10.05 10.06 (including pursuant to any settlement entered into by such L/C Issuer in its discretion), each Revolving Credit Lender shall pay to the Administrative Agent for the account of such L/C Issuer its Applicable Percentage applicable Pro Rata Share thereof on demand of the Administrative Agent, plus interest thereon from the date of such demand to the date such amount is returned by such Lender, at a rate per annum equal to the Federal Funds Rate from time to time in effect. The obligations of the Lenders under this clause shall survive the payment in full of the Obligations and the termination of this Agreement.

Appears in 3 contracts

Samples: Credit Agreement (DHX Media Ltd.), First Lien Credit Agreement (Keyw Holding Corp), Credit Agreement (Keyw Holding Corp)

Repayment of Participations. (i) At If, at any time after an L/C Issuer Issuing Lender has made a payment under any Letter of Credit and has received from any Lender with a Revolving Loan Commitment such Lender’s L/C Advance in respect of such payment in accordance with Section 2.03(c2.01(c), if the Administrative Agent receives for the account of such L/C Issuer Issuing Lender any payment in respect of the related Unreimbursed Amount or interest thereon (whether directly from the Borrowers Borrower or otherwise, including proceeds of cash collateral applied thereto by the Administrative Agent pursuant to Section 2.03(g)Agent), the Administrative Agent will distribute to such Lender its Applicable RL Percentage thereof (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Lender’s L/C Advance was outstanding) in the same funds as those amount received by the Administrative Agent. (ii) If any payment received by the Administrative Agent for the account of an L/C Issuer Issuing Lender pursuant to Section 2.03(c)(i2.01(c)(i) is required to be returned under any of the circumstances described in Section 10.05 14.18 (including pursuant to any settlement entered into by such L/C Issuer Issuing Lender in its discretion), each Lender with a Revolving Loan Commitment shall pay to the Administrative Agent for the account of such L/C Issuer Issuing Lender its Applicable RL Percentage thereof on demand of the Administrative Agent, plus interest thereon from the date of such demand to the date such amount is returned by such Lender, at a rate per annum equal to the Federal Funds Rate from time to time in effect. The obligations of the Lenders under this clause shall survive the payment in full of the Obligations and the termination of this Agreement.

Appears in 2 contracts

Samples: Credit Agreement (Vanguard Health Systems Inc), Credit Agreement (Vanguard Health Systems Inc)

Repayment of Participations. (i) At any time after an the L/C Issuer has made a payment under any Letter of Credit and has received from any Revolving Lender such Lender’s L/C Advance in respect of such payment in accordance with Section 2.03(c), if the Administrative Agent receives for the account of such the L/C Issuer any payment in respect of the related Unreimbursed Amount or interest thereon (whether directly from the Borrowers a Borrower or otherwise, including proceeds of cash collateral Cash Collateral applied thereto by the Administrative Agent pursuant to Section 2.03(g)Agent), the Administrative Agent will distribute to such Lender its Applicable Percentage thereof (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Lender’s L/C Advance was outstanding) in the same funds as those received by the Administrative Agent. (ii) If any payment received by the Administrative Agent for the account of an the L/C Issuer pursuant to Section 2.03(c)(i) is required to be returned under any of the circumstances described in Section 10.05 (including pursuant to any settlement entered into by such the L/C Issuer in its discretion), each Revolving Lender shall pay to the Administrative Agent for the account of such the L/C Issuer its Applicable Percentage thereof on demand of the Administrative Agent, plus interest thereon from the date of such demand to the date such amount is returned by such Lender, at a rate per annum equal to the Federal Funds Effective Rate from time to time in effect. The obligations of the Revolving Lenders under this clause shall survive the payment in full of the Obligations and the termination of this Agreement.

Appears in 2 contracts

Samples: Credit Agreement (Global Payments Inc), Credit Agreement (Global Payments Inc)

Repayment of Participations. (i) At If, at any time after an L/C Issuer has made a payment under any Letter of Credit and has received from any Revolving Credit Lender such Lender’s L/C Advance in respect of such payment in accordance with Section 2.03(cthis ‎Section 2.03(d), if the Administrative Agent receives for the account of such L/C Issuer any payment in respect of the related Unreimbursed Amount or interest thereon (whether directly from the Borrowers Borrower or otherwise, including proceeds of cash collateral Cash Collateral applied thereto by the Administrative Agent pursuant to Section 2.03(g)Agent), the Administrative Agent will distribute to such each Revolving Credit Lender its Applicable Percentage Pro Rata Share thereof (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Lender’s L/C Advance was outstanding) in the same funds as those received by the Administrative Agent. (ii) If any payment received by the Administrative Agent for the account of an L/C Issuer pursuant to Section 2.03(c)(i‎Section 2.03(d)(i) is required to be returned under any of the circumstances described in Section 10.05 ‎Section 10.06 (including pursuant to any settlement entered into by such L/C Issuer in its discretion), each Revolving Credit Lender shall pay to the Administrative Agent for the account of such L/C Issuer its Applicable Percentage Pro Rata Share thereof on demand of the Administrative Agent, plus interest thereon from the date of such demand to the date such amount is returned by such Lender, at a rate per annum equal to the Federal Funds Rate from time to time in effectapplicable Overnight Rate. The obligations of the Revolving Credit Lenders under this clause shall survive the payment in full of the Obligations and the termination of this Agreement.

Appears in 2 contracts

Samples: Credit Agreement (Phibro Animal Health Corp), Credit Agreement (Phibro Animal Health Corp)

Repayment of Participations. (i) At any time after an the applicable L/C Issuer has made a payment under any Letter of Credit and has received from any Lender such Lender’s L/C Advance in respect of such payment in accordance with Section 2.03(c), if such L/C Issuer or the Administrative Agent receives for the account of such L/C Issuer any payment in respect of the related Unreimbursed Amount or interest thereon (whether directly from the Borrowers Borrower or otherwise, including proceeds of cash collateral applied thereto by the Administrative Agent pursuant to Section 2.03(g)Agent), such L/C Issuer shall turn over such payment to the Administrative Agent for distribution to such Lender or the Administrative Agent will distribute to such Lender Lender, in each case, its Applicable Percentage thereof (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Lender’s L/C Advance was outstanding) in the same funds as those received by the Administrative Agent. (ii) If any payment received by an L/C Issuer or the Administrative Agent for the account of an such L/C Issuer pursuant to Section 2.03(c)(i) is required to be returned under any of the circumstances described in Section 10.05 11.05 (including pursuant to any settlement entered into by such L/C Issuer in its discretion), each Lender shall pay to the Administrative Agent for the account of such L/C Issuer its Applicable Percentage thereof on demand of the Administrative Agent, plus interest thereon from the date of such demand to the date such amount is returned by such Lender, at a rate per annum equal to the Federal Funds Rate from time to time in effect. The obligations of the Lenders under this clause shall survive the payment in full of the Obligations and the termination of this Agreement.

Appears in 2 contracts

Samples: Credit Agreement (Energen Corp), Credit Agreement (Energen Corp)

Repayment of Participations. (i) At any time after an L/C Issuer Issuing Bank has made a payment under any Letter of Credit and has received from any Lender such Lender’s L/C LC Advance in respect of such payment in accordance with Section 2.03(c2.06(c), if the ABL Administrative Agent receives for the account of such L/C Issuer Issuing Bank any payment in respect of the related Unreimbursed Amount or interest thereon (whether directly from the Borrowers Borrower or otherwise, including proceeds of cash collateral Cash Collateral applied thereto by the ABL Administrative Agent pursuant to Section 2.03(g)Agent), the ABL Administrative Agent will distribute to such Lender its Applicable Percentage thereof (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Lender’s L/C LC Advance was outstanding) in the same funds as those received by the ABL Administrative Agent. (ii) If any payment received by the ABL Administrative Agent for the account of an L/C Issuer Issuing Bank pursuant to Section 2.03(c)(i2.06(c)(i) is required to be returned under any of the circumstances described in Section 10.05 2.20 (including pursuant to any settlement entered into by such L/C Issuer Issuing Bank in its discretion), each Lender shall pay to the ABL Administrative Agent for the account of such L/C Issuer Issuing Bank its Applicable Percentage thereof on demand of the ABL Administrative Agent, plus interest thereon from the date of such demand to the date such amount is returned by such Lender, at a rate per annum equal to the Federal Funds Effective Rate from time to time in effect. The obligations of the Lenders under this clause shall survive the payment in full of the Obligations and the termination of this Agreement.

Appears in 2 contracts

Samples: Senior Secured Credit Agreement (Orchard Supply Hardware Stores Corp), Senior Secured Credit Agreement (Orchard Supply Hardware Stores Corp)

Repayment of Participations. (i) At If, at any time after an L/C Issuer has made a payment under any Letter of Credit issued by it and has received from any Revolving Credit Lender such Lender’s L/C Advance in respect of such payment in accordance with Section 2.03(c2.03(d), if the Administrative Agent receives for the account of such L/C Issuer any payment in respect of the related Unreimbursed Amount or interest thereon (whether directly from the Borrowers Borrower or otherwise, including proceeds of cash collateral Cash Collateral applied thereto by the Administrative Agent pursuant to Section 2.03(g)Agent), the Administrative Agent will distribute to such Lender its Applicable Percentage applicable Pro Rata Share thereof (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Lender’s L/C Advance was outstanding) in the same funds as those received by the Administrative Agent. (ii) If any payment received by the Administrative Agent for the account of an L/C Issuer pursuant to Section 2.03(c)(i2.03(d)(i) is required to be returned under any of the circumstances described in Section 10.05 10.06 (including pursuant to any settlement entered into by such L/C Issuer in its discretion), each applicable Revolving Credit Lender shall pay to the Administrative Agent for the account of such L/C Issuer its Applicable Percentage applicable Pro Rata Share thereof on demand of the Administrative Agent, plus interest thereon from the date of such demand to the date such amount is returned by such Lender, at a rate per annum equal to the Federal Funds Rate from time to time in effect. The obligations of the Lenders under this clause shall survive the payment in full of the Obligations and the termination of this Agreement.

Appears in 2 contracts

Samples: Credit Agreement (Tremor International Ltd.), Credit Agreement (V2X, Inc.)

Repayment of Participations. (i) At any time after an the applicable L/C Issuer has made a payment under any Letter of Credit and has received from any Lender such Lender’s L/C Advance in respect of such payment in accordance with Section 2.03(c), if the Administrative Agent receives for the account of such the applicable L/C Issuer any payment in respect of the related Unreimbursed Amount or interest thereon (whether directly from the Borrowers applicable Borrower or otherwise, including proceeds of cash collateral applied thereto by the Administrative Agent pursuant to Section 2.03(g)Agent), the Administrative Agent will promptly distribute to such Lender its Applicable Percentage Pro Rata Share thereof (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Lender’s L/C Advance was outstanding) in the same funds as those received by the Administrative Agent. (ii) If any payment received by the Administrative Agent for the account of an the applicable L/C Issuer pursuant to Section 2.03(c)(i) is subsequently invalidated, declared to be fraudulent or preferential, set aside or required to be returned under any of the circumstances described in Section 10.05 repaid (including pursuant to any settlement entered into by such the applicable L/C Issuer in its discretion), each Lender shall pay to the Administrative Agent for the account of such the applicable L/C Issuer its Applicable Percentage Pro Rata Share thereof on demand of the Administrative Agent, plus interest thereon from the date of such demand to the date such amount is returned by such Lender, at a rate per annum equal to the Federal Funds applicable Overnight Rate from time to time in effect. The obligations of the Lenders under this clause shall survive the payment in full of the Obligations and the termination of this Agreement.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Walgreens Boots Alliance, Inc.), Revolving Credit Agreement (Walgreen Co)

Repayment of Participations. (i) At any time after an the L/C Issuer has made a payment under any Letter of Credit and has received from any Lender such Lender’s L/C Advance in respect of such payment in accordance with Section 2.03(c), if the Administrative Agent receives for the account of such the L/C Issuer any payment in respect of the related Unreimbursed Amount or interest thereon (whether directly from the Borrowers Borrower or otherwise, including proceeds of cash collateral Cash Collateral applied thereto by the Administrative Agent pursuant to Section 2.03(g)Agent), the Administrative Agent will distribute to such Lender its Applicable Percentage thereof (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Lender’s L/C Advance was outstanding) in the same funds as those received by the Administrative Agent. (ii) If any payment received by the Administrative Agent for the account of an the L/C Issuer pursuant to Section 2.03(c)(i) is required to be returned under any of the circumstances described in Section 10.05 (including pursuant to any settlement entered into by such L/C Issuer in its discretion)10.05, each Lender shall pay to the Administrative Agent for the account of such the L/C Issuer its Applicable Percentage thereof on demand of the Administrative Agent, plus interest thereon from the date of such demand to the date such amount is returned by such Lender, at a rate per annum equal to the Federal Funds Rate from time to time in effect. The obligations of the Lenders under this clause shall survive the payment in full of the Obligations and the termination of this Agreement.

Appears in 2 contracts

Samples: Credit Agreement (Sheridan Group Inc), Credit Agreement (Sheridan Group Inc)

Repayment of Participations. (i) At any time after an the L/C Issuer has made a payment under any Letter of Credit and has received from any Revolving A Lender such Lender’s L/C Advance in respect of such payment in accordance with Section 2.03(c), if the Administrative Agent receives for the account of such the L/C Issuer any payment in respect of the related Unreimbursed Amount or interest thereon (whether directly from the Borrowers Company or otherwise, including proceeds of cash collateral Cash Collateral applied thereto by the Administrative Agent pursuant to Section 2.03(g)Agent), the Administrative Agent will distribute to such Lender its Applicable Percentage thereof (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Lender’s L/C Advance was outstanding) in Dollars and in the same funds as those received by the Administrative Agent. (ii) If any payment received by the Administrative Agent for the account of an the L/C Issuer pursuant to Section 2.03(c)(i) is required to be returned under any of the circumstances described in Section 10.05 11.05 (including pursuant to any settlement entered into by such the L/C Issuer in its discretion), each Revolving A Lender shall pay to the Administrative Agent for the account of such the L/C Issuer its Applicable Percentage thereof on demand of the Administrative Agent, plus interest thereon from the date of such demand to the date such amount is returned by such Lender, at a rate per annum equal to the Federal Funds applicable Overnight Rate from time to time in effect. The obligations of the Revolving A Lenders under this clause shall survive the payment in full of the Obligations and the termination of this Agreement.

Appears in 2 contracts

Samples: Credit Agreement (Fleetcor Technologies Inc), Credit Agreement (Fleetcor Technologies Inc)

Repayment of Participations. (i) At any time after an the L/C Issuer has made a payment under any Letter of Credit and has received from any Lender such Lender’s 's L/C Advance in respect of such payment in accordance with Section 2.03(c), if the Administrative Agent receives for the account of such the L/C Issuer any payment in respect of the related Unreimbursed Amount or interest thereon (whether directly from the Borrowers Borrower or otherwise, including proceeds of cash collateral Cash Collateral applied thereto by the Administrative Agent pursuant to Section 2.03(g)Agent), the Administrative Agent will distribute to such Lender its Applicable Revolving Percentage thereof (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Lender’s 's L/C Advance was outstanding) in the same funds as those received by the Administrative Agent. (ii) If any payment received by the Administrative Agent for the account of an the L/C Issuer pursuant to Section 2.03(c)(i) is required to be returned under any of the circumstances described in Section 10.05 (including pursuant to any settlement entered into by such the L/C Issuer in its discretion), each Lender shall pay to the Administrative Agent for the account of such the L/C Issuer its Applicable Revolving Percentage thereof on demand of the Administrative Agent, plus interest thereon from the date of such demand to the date such amount is returned by such Lender, at a rate per annum equal to the Federal Funds Rate from time to time in effect. The obligations of the Lenders under this clause shall survive the payment in full of the Obligations and the termination of this Agreement.

Appears in 2 contracts

Samples: Credit Agreement (Global Signal Inc), Credit Agreement (Global Signal Inc)

Repayment of Participations. (i) At any time after an the L/C Issuer has made a payment under any Letter of Credit and has received from any Lender such Lender’s L/C Advance in respect of such payment in accordance with Section 2.03(c), if the Administrative Agent receives for the account of such the L/C Issuer any payment in respect of the related Unreimbursed Amount or interest thereon (whether directly from the Borrowers Borrower or otherwise, including proceeds of cash collateral Cash Collateral applied thereto by the Administrative Agent pursuant to Section 2.03(g)Agent), the Administrative Agent will distribute to such Lender its Applicable Percentage thereof (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Lender’s L/C Advance was outstanding) in the same funds as those received by the Administrative Agent. (ii) If any payment received by the Administrative Agent for the account of an the L/C Issuer pursuant to Section 2.03(c)(i) is required to be returned under any of the circumstances described in Section 10.05 (including pursuant to any settlement entered into by such the L/C Issuer in its discretion), each Lender shall pay to the Administrative Agent for the account of such the L/C Issuer its Applicable Percentage thereof on demand of the Administrative Agent, plus interest thereon from the date of such demand to the date such amount is returned by such Lender, at a rate per annum equal to the Federal Funds applicable Overnight Rate from time to time in effect. The obligations of the Lenders under this clause shall survive the payment in full of the Obligations and the termination of this Agreement.

Appears in 2 contracts

Samples: Credit Agreement (Resmed Inc), Credit Agreement (Celadon Group Inc)

Repayment of Participations. (i) At any time after an the L/C Issuer has made a payment under any Letter of Credit and has received from any Lender such Lender’s L/C Advance in respect of such payment in accordance with Section 2.03(c), if the Administrative Agent receives for the account of such the L/C Issuer any payment in respect of the related Unreimbursed Amount or interest thereon (whether directly from the Borrowers Borrower or otherwise, including proceeds of cash collateral Cash Collateral applied thereto by the Administrative Agent pursuant to Section 2.03(g)Agent), the Administrative Agent will distribute to such Lender its Applicable Percentage thereof (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Lender’s L/C Advance was outstanding) in the same funds as those received by the Administrative Agent. (ii) If any payment received by the Administrative Agent for the account of an the L/C Issuer pursuant to Section 2.03(c)(i) is required to be returned under any of the circumstances described in Section 10.05 (including pursuant to any settlement entered into by such the L/C Issuer in its discretion), each Lender shall pay to the Administrative Agent for the account of such the L/C Issuer its Applicable Percentage thereof on demand of the Administrative Agent, plus interest thereon from the date of such demand to the date such amount is returned by such Lender, at a rate per annum equal to the Federal Funds Rate from time to time in effect. The obligations of the Lenders under this clause shall survive the payment in full of the Obligations and the termination of this Agreement.

Appears in 2 contracts

Samples: Credit Agreement (Ats Corp), Credit Agreement (Ats Corp)

Repayment of Participations. (i) At any time after an L/C Issuer the Issuing Lender has made a payment under any Letter of Credit and has received from any Revolving Lender such Lender’s L/C Advance Participation Interest in respect of such payment in accordance with Section 2.03(c2.2(c), if the Administrative Agent receives for the account of such L/C Issuer the Issuing Lender any payment in respect of the related Unreimbursed Amount or interest thereon (whether directly from the Borrowers Borrower or otherwise, including proceeds of cash collateral applied thereto by the Administrative Agent pursuant to Section 2.03(g)Agent), the Administrative Agent will distribute to such Revolving Lender its Applicable Commitment Percentage thereof (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Revolving Lender’s L/C Advance Participation Interest was outstanding) in the same funds as those received by the Administrative Agent. (ii) If any payment received by the Administrative Agent for the account of an L/C Issuer the Issuing Lender pursuant to Section 2.03(c)(i2.2(c)(i) is required to be returned under any of the circumstances described in Section 10.05 11.2 (including pursuant to any settlement entered into by such L/C Issuer the Issuing Lender in its discretion), each Revolving Lender shall pay to the Administrative Agent for the account of such L/C Issuer the Issuing Lender its Applicable Commitment Percentage thereof on demand of the Administrative Agent, plus interest thereon from the date of such demand to the date such amount is returned by such Revolving Lender, at a rate per annum equal to the Federal Funds Rate from time to time in effect. The obligations of the Revolving Lenders under this clause shall survive the payment in full of the Obligations and the termination of this Agreement.

Appears in 2 contracts

Samples: Credit Agreement (Amn Healthcare Services Inc), Credit Agreement (Amn Healthcare Services Inc)

Repayment of Participations. (i) At any time after an Applicable L/C Issuer has made a payment under any Applicable Letter of Credit and has received from any Revolving Lender such Revolving Lender’s L/C Advance in respect of such payment in accordance with Section 2.03(c), if the Administrative Agent receives for the account of such an Applicable L/C Issuer any payment in respect of the related Unreimbursed Amount or interest thereon (whether directly from the Borrowers Borrower or otherwise, including proceeds of cash collateral Cash Collateral applied thereto by the Administrative Agent pursuant to Section 2.03(g)Agent), the Administrative Agent will distribute to such Revolving Lender its Applicable Percentage thereof (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Lender’s L/C Advance was outstanding) in the same funds as those received by the Administrative Agent. (ii) If any payment received by the Administrative Agent for the account of an Applicable L/C Issuer pursuant to Section 2.03(c)(i2.03(c)(ii) is required to be returned under any of the circumstances described in Section 10.05 (including pursuant to any settlement entered into by such the Applicable L/C Issuer in its discretion), each Revolving Lender shall pay to the Administrative Agent for the account of such the Applicable L/C Issuer its Applicable Percentage thereof on demand of the Administrative Agent, plus interest thereon from the date of such demand to the date such amount is returned by such Revolving Lender, at a rate per annum equal to the Federal Funds EffectiveNYFRB Rate from time to time in effect. The obligations of the Revolving Lenders under this clause shall survive the payment in full of the Obligations and the termination of this Agreement.

Appears in 2 contracts

Samples: Modification Agreement (Cim Real Estate Finance Trust, Inc.), Modification Agreement (Cim Real Estate Finance Trust, Inc.)

Repayment of Participations. (i) At any time after an the L/C Issuer has made a payment under any Letter of Credit and has received from any Revolving Credit Lender such Lender’s L/C Advance in respect of such payment in accordance with Section 2.03(c), if the Administrative Agent receives for the account of such the L/C Issuer any payment in respect of the related Unreimbursed Amount or interest thereon (whether directly from the Borrowers a Borrower or otherwise, including proceeds of cash collateral Cash Collateral applied thereto by the Administrative Agent pursuant to Section 2.03(g)Agent), the Administrative Agent will distribute to such Revolving Credit Lender its Applicable Revolving Percentage thereof (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Lender’s L/C Advance was outstanding) Dollars and in the same funds as those received by the Administrative Agent. (ii) If any payment received by the Administrative Agent for the account of an the L/C Issuer pursuant to Section 2.03(c)(i) is required to be returned under any of the circumstances described in Section 10.05 (including pursuant to any settlement entered into by such the L/C Issuer in its discretion), each Revolving Credit Lender shall pay to the Administrative Agent for the account of such the L/C Issuer its Applicable Revolving Percentage thereof on demand of the Administrative Agent, plus interest thereon from the date of such demand to the date such amount is returned by such Revolving Credit Lender, at a rate per annum equal to the Federal Funds applicable Overnight Rate from time to time in effect. The obligations of the Lenders under this clause shall survive the payment in full of the Obligations and the termination of this Agreement.

Appears in 2 contracts

Samples: Credit Agreement (Herbalife Ltd.), Credit Agreement (Herbalife Ltd.)

Repayment of Participations. (i) At any time after an the applicable L/C Issuer has made a payment under any Letter of Credit and has received from any Lender such Lender’s L/C Advance in respect of such payment in accordance with Section 2.03(c), if the Administrative Agent receives for the account of such the applicable L/C Issuer any payment in respect of the related Unreimbursed Amount or interest thereon (whether directly from the Borrowers Borrower or otherwise, including proceeds of cash collateral Cash Collateral applied thereto by the Administrative Agent pursuant to Section 2.03(g)Agent), the Administrative Agent will distribute to such Lender its Applicable Percentage thereof (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Lender’s L/C Advance was outstanding) in the same funds as those received by the Administrative Agent. (ii) If any payment received by the Administrative Agent for the account of an applicable L/C Issuer pursuant to Section 2.03(c)(i) is required to be returned under any of the circumstances described in Section 10.05 11.05 (including pursuant to any settlement entered into by such the applicable L/C Issuer in its discretion), each Lender shall pay to the Administrative Agent for the account of such the applicable L/C Issuer its Applicable Percentage thereof on demand of the Administrative AgentAgent (on behalf of the applicable L/C Issuer), plus interest thereon from the date of such demand to the date such amount is returned by such Lender, at a rate per annum equal to the Federal Funds Rate from time to time in effect. The obligations of the Lenders under this clause shall survive the payment in full of the Obligations and the termination of this Agreement.

Appears in 2 contracts

Samples: Credit Agreement (L 3 Communications Holdings Inc), Credit Agreement (L 3 Communications Corp)

Repayment of Participations. (i) At any time after an the L/C Issuer has made a payment under any Letter of Credit and has received from any Lender such Lender’s L/C Advance in respect of such payment in accordance with Section 2.03(c), if the Administrative Agent receives for the account of such the L/C Issuer any payment in respect of the related Unreimbursed Amount or interest thereon (whether directly from the Borrowers Borrower or otherwise, including proceeds of cash collateral Cash Collateral applied thereto by the Administrative Agent pursuant to Section 2.03(g)Agent), the Administrative Agent will distribute to such Lender its Applicable Percentage thereof (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Lender’s L/C Advance was outstanding) in the same funds as those received by the Administrative Agent. (ii) If any payment received by the Administrative Agent for the account of an the L/C Issuer pursuant to Section 2.03(c)(i) is required to be returned under any of the circumstances described in Section 10.05 11.05 (including pursuant to any settlement entered into by such the L/C Issuer in its discretion), each Lender shall pay to the Administrative Agent for the account of such the L/C Issuer its Applicable Percentage thereof on demand of the Administrative Agent, plus interest thereon from the date of such demand to the date such amount is returned by such Lender, at a rate per annum equal to the Federal Funds Rate from time to time in effect. The obligations of the Lenders under this clause shall survive the payment in full of the Obligations and the termination of this Agreement.

Appears in 2 contracts

Samples: Credit Agreement (MWI Veterinary Supply, Inc.), Credit Agreement (American Vanguard Corp)

Repayment of Participations. (ia) At any time after an the L/C Issuer has made a payment under any Letter of Credit and has received from any Lender such Lender’s L/C Advance in respect of such payment in accordance with Section 2.03(c)2.3.2, if the Administrative Agent receives for the account of such the L/C Issuer any payment in respect of the related Unreimbursed Amount or interest thereon (whether directly from the Borrowers any Loan Party or otherwise, including proceeds of cash collateral Cash Collateral applied thereto by the Administrative Agent pursuant to Section 2.03(g)Agent), the Administrative Agent will distribute to such Lender its Applicable Percentage thereof (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Lender’s L/C Advance was outstanding) in the same funds as those received by the Administrative Agent. (iib) If any payment received by the Administrative Agent for the account of an the L/C Issuer pursuant to Section 2.03(c)(i2.3.2(a) is required to be returned under any of the circumstances described in Section 10.05 16.6 (including pursuant to any settlement entered into by such the L/C Issuer in its discretion), each Lender shall pay to the Administrative Agent for the account of such the L/C Issuer its Applicable Percentage thereof on demand of the Administrative Agent, plus interest thereon from the date of such demand to the date such amount is returned by such Lender, at a rate per annum equal to the Federal Funds Rate from time to time in effect. The obligations of the Lenders under this clause shall survive the payment in full of the Obligations and the termination of this Agreement.

Appears in 2 contracts

Samples: Credit Agreement (Winmark Corp), Revolving Credit Agreement (Winmark Corp)

Repayment of Participations. (i) At any time after an the applicable L/C Issuer has made a payment under any Letter of Credit and has received from any Lender such Lender’s 's L/C Advance in respect of such payment in accordance with Section 2.03(c), if the Administrative Agent receives for the account of such the applicable L/C Issuer any payment in respect of the related Unreimbursed Amount or interest thereon (whether directly from the Borrowers Borrower or otherwise, including proceeds of cash collateral Cash Collateral applied thereto by the Administrative Agent pursuant to Section 2.03(g)Agent), the Administrative Agent will distribute to such Lender its Applicable Percentage thereof (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Lender’s 's L/C Advance was outstanding) in the same funds as those received by the Administrative Agent. (ii) If any payment received by the Administrative Agent for the account of an applicable L/C Issuer pursuant to Section 2.03(c)(i) is required to be returned under any of the circumstances described in Section 10.05 11.05 (including pursuant to any settlement entered into by such the applicable L/C Issuer in its discretion), each Lender shall pay to the Administrative Agent for the account of such the applicable L/C Issuer its Applicable Percentage thereof on demand of the Administrative AgentAgent (on behalf of the applicable L/C Issuer), plus interest thereon from the date of such demand to the date such amount is returned by such Lender, at a rate per annum equal to the Federal Funds Rate from time to time in effect. The obligations of the Lenders under this clause shall survive the payment in full of the Obligations and the termination of this Agreement.

Appears in 2 contracts

Samples: Credit Agreement (L 3 Communications Holdings Inc), Credit Agreement (L 3 Communications Holdings Inc)

Repayment of Participations. (i) At any time after an L/C Issuer has made a payment under any Letter of Credit and has received from any Lender such Lender’s L/C Advance in respect of such payment in accordance with Section 2.03(c), if the Administrative Agent receives for the account of such the applicable L/C Issuer any payment in respect of the related Unreimbursed Amount or interest thereon (whether directly from the Borrowers Company or otherwise, including proceeds of cash collateral Cash Collateral applied thereto by the Administrative Agent pursuant to Section 2.03(g)Agent), the Administrative Agent will distribute to such Lender its Applicable Percentage thereof (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Lender’s L/C Advance was outstanding) in Dollars in the same funds as those received by the Administrative Agent. (ii) If any payment received by the Administrative Agent for the account of an the applicable L/C Issuer pursuant to Section 2.03(c)(i) is required to be returned under any of the circumstances described in Section 10.05 (including pursuant to any settlement entered into by such L/C Issuer in its discretion), each Lender shall pay to the Administrative Agent for the account of such the applicable L/C Issuer its Applicable Percentage thereof on demand of the Administrative Agent, plus interest thereon from the date of such demand to the date such amount is returned by such Lender, at a rate per annum equal to the Federal Funds applicable Overnight Rate from time to time in effect. The obligations of the Lenders under this clause 2.03(d)(ii) shall survive the payment in full of the Obligations and the termination of this Agreement.

Appears in 2 contracts

Samples: Credit Agreement (Analog Devices Inc), Credit Agreement (Analog Devices Inc)

Repayment of Participations. (i) At any time after an L/C Issuer has made a payment under any Letter of Credit and has received from any Lender such Lender’s L/C Advance in respect of such payment in accordance with Section 2.03(c2.04(d), if the Administrative Agent receives for the account of such the L/C Issuer any payment in respect of the related Unreimbursed Amount or interest thereon (whether directly from the Borrowers applicable Borrower or otherwise, including proceeds of cash collateral applied thereto by the Administrative Agent pursuant to Section 2.03(g)Agent), the Administrative Agent will distribute to such Lender its Applicable Percentage thereof (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Lender’s L/C Advance was outstanding) in the same funds as those received by the Administrative Agent. (ii) If any payment received by the Administrative Agent for the account of an the applicable L/C Issuer pursuant to Section 2.03(c)(i2.04(d) is required to be returned under any of the circumstances described in Section 10.05 11.05 (including pursuant to any settlement entered into by such the applicable L/C Issuer in its discretion), each Lender shall pay to the Administrative Agent for the account of such the L/C Issuer its Applicable Percentage thereof on demand of the Administrative Agent, plus interest thereon from the date of such demand to the date such amount is returned by such Lender, at a rate per annum equal to the Federal Funds applicable Overnight Rate from time to time in effect. The obligations of the Lenders under this clause Section 2.04(e)(ii) shall survive the payment in full of the Obligations and the termination of this Agreement.

Appears in 2 contracts

Samples: Asset Based Revolving Credit Agreement (Alpha Metallurgical Resources, Inc.), Asset Based Revolving Credit Agreement (Contura Energy, Inc.)

Repayment of Participations. (i) At any time after an the L/C Issuer has made a payment under any Letter of Credit and has received from any Lender such Lender’s L/C Advance in respect of such payment in accordance with Section 2.03(c), if the Administrative Agent receives for the account of such the L/C Issuer any payment in respect of the related Unreimbursed Amount or interest thereon (whether directly from the Borrowers Borrower or otherwise, including proceeds of cash collateral applied thereto by the Administrative Agent pursuant to Section 2.03(g)Agent), the Administrative Agent will promptly distribute to such Lender its Applicable Percentage Pro Rata Share thereof (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Lender’s L/C Advance was outstanding) in the same funds as those received by the Administrative Agent. (ii) If any payment received by the Administrative Agent for the account of an the L/C Issuer pursuant to Section 2.03(c)(i) is subsequently invalidated, declared to be fraudulent or preferential, set aside or required to be returned under any of the circumstances described in Section 10.05 repaid (including pursuant to any settlement entered into by such the L/C Issuer in its discretion), each Lender shall pay to the Administrative Agent for the account of such the L/C Issuer its Applicable Percentage Pro Rata Share thereof on demand of the Administrative Agent, plus interest thereon from the date of such demand to the date such amount is returned by such Lender, at a rate per annum equal to the Federal Funds Rate from time to time in effect. The obligations of the Lenders under this clause shall survive the payment in full of the Obligations and the termination of this Agreement.

Appears in 2 contracts

Samples: Credit Agreement (Walgreen Co), Credit Agreement (Walgreen Co)

Repayment of Participations. (i) At If, at any time after an L/C Issuer has made a payment under any Letter of Credit issued by it and has received from any Revolving Credit Lender such Lender’s L/C Advance in respect of such payment in accordance with Section 2.03(c2.03(d), if the Administrative Agent receives for the account of such L/C Issuer any payment in respect of the related Unreimbursed Amount or interest thereon (whether directly from the Borrowers Borrower or otherwise, including proceeds of cash collateral Cash Collateral applied thereto by the Administrative Agent pursuant to Section 2.03(g)Agent), the Administrative Agent will distribute to such Lender its Applicable Percentage applicable Pro Rata Share thereof (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Lender’s L/C Advance was outstanding) in the same funds as those received by the Administrative Agent. (ii1) If any payment received by the Administrative Agent for the account of an L/C Issuer pursuant to Section 2.03(c)(i2.03(d)(i) is required to be returned under any of the circumstances described in Section 10.05 10.06 (including pursuant to any settlement entered into by such L/C Issuer in its discretion), each Revolving Credit Lender shall pay to the Administrative Agent for the account of such L/C Issuer its Applicable Percentage applicable Pro Rata Share thereof on demand of the Administrative Agent, plus interest thereon from the date of such demand to the date such amount is returned by such Lender, at a rate per annum equal to the Federal Funds Rate from time to time in effect. The obligations of the Lenders under this clause shall survive the payment in full of the Obligations and the termination of this Agreement.

Appears in 2 contracts

Samples: First Lien Credit Agreement (ZoomInfo Technologies Inc.), First Lien Credit Agreement (ZoomInfo Technologies Inc.)

Repayment of Participations. (i) At any time after an L/C Issuer has made a payment under any Letter of Credit and has received from any Tranche 1 Lender such Tranche 1 Lender’s L/C Advance in respect of such payment in accordance with Section 2.03(c), if the Administrative Agent receives for the account of such L/C Issuer any payment in respect of the related Unreimbursed Amount or interest thereon (whether directly from the Borrowers Company or otherwise, including proceeds of cash collateral Cash Collateral applied thereto by the Administrative Agent pursuant to Section 2.03(g)Agent), the Administrative Agent will distribute to such Tranche 1 Lender its Applicable Tranche 1 Percentage thereof (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Lender’s L/C Advance was outstanding) Dollars and in the same funds as those received by the Administrative Agent. (ii) If any payment received by the Administrative Agent for the account of an L/C Issuer pursuant to Section 2.03(c)(i) is required to be returned under any of the circumstances described in Section 10.05 11.05 (including pursuant to any settlement entered into by such L/C Issuer in its discretion), each Tranche 1 Lender shall pay to the Administrative Agent for the account of such L/C Issuer its Applicable Tranche 1 Percentage thereof on demand of the Administrative Agent, plus interest thereon from the date of such demand to the date such amount is returned by such Tranche 1 Lender, at a rate per annum equal to the Federal Funds applicable Overnight Rate from time to time in effect. The obligations of the Tranche 1 Lenders under this clause shall survive the payment in full of the Obligations and the termination of this Agreement.

Appears in 2 contracts

Samples: Credit Agreement (Discovery, Inc.), Credit Agreement (Discovery Communications, Inc.)

Repayment of Participations. (i) At If, at any time after an L/C Issuer has made a payment under any Letter of Credit and has received from any Revolving Credit Lender such Lender’s L/C Advance in respect of such payment in accordance with this Section 2.03(c2.03(d), if the Administrative Agent receives for the account of such L/C Issuer any payment in respect of the related Unreimbursed Amount or interest thereon (whether directly from the Borrowers Borrower or otherwise, including proceeds of cash collateral Cash Collateral applied thereto by the Administrative Agent pursuant to Section 2.03(g)Agent), the Administrative Agent will distribute to such each Revolving Credit Lender its Applicable Percentage Pro Rata Share thereof (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Lender’s L/C Advance was outstanding) in the same funds as those received by the Administrative Agent. (ii) If any payment received by the Administrative Agent for the account of an L/C Issuer pursuant to Section 2.03(c)(i2.03(d)(i) is required to be returned under any of the circumstances described in Section 10.05 10.06 (including pursuant to any settlement entered into by such L/C Issuer in its discretion), each Revolving Credit Lender shall pay to the Administrative Agent for the account of such L/C Issuer its Applicable Percentage Pro Rata Share thereof on demand of the Administrative Agent, plus interest thereon from the date of such demand to the date such amount is returned by such Lender, at a rate per annum equal to the Federal Funds Rate from time to time in effectapplicable Overnight Rate. The obligations of the Revolving Credit Lenders under this clause shall survive the payment in full of the Obligations and the termination of this Agreement.

Appears in 2 contracts

Samples: Credit Agreement (Phibro Animal Health Corp), Credit Agreement (Phibro Animal Health Corp)

Repayment of Participations. (i) At any time after an L/C Issuer has made a payment under any Letter of Credit and has received from any Revolving Lender such Revolving Lender’s L/C Advance in respect of such payment in accordance with Section 2.03(c2.04(c), if the Administrative Agent receives for the account of such L/L/ C Issuer any payment in respect of the related Unreimbursed Amount or interest thereon (whether directly from the Borrowers Borrower or otherwise, including proceeds of cash collateral Cash Collateral applied thereto by the Administrative Agent pursuant to Section 2.03(g)Agent), the Administrative Agent will distribute to such Revolving Lender its Applicable Percentage thereof (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Lender’s L/C Advance was outstanding) in the same funds as those received by the Administrative Agent. (ii) If any payment received by the Administrative Agent for the account of an L/C Issuer pursuant to Section 2.03(c)(i2.04(c)(i) is required to be returned under any of the circumstances described in Section 10.05 (including pursuant to any settlement entered into by such an L/C Issuer in its discretion), each Lender shall pay to the Administrative Agent for the account of such L/C Issuer its Applicable Percentage thereof on demand of the Administrative Agent, plus interest thereon from the date of such demand to the date such amount is returned by such Revolving Lender, at a rate per annum equal to the Federal Funds Rate from time to time in effect. The obligations of the Revolving Lenders under this clause shall survive the payment in full of the Obligations and the termination of this Agreement.

Appears in 2 contracts

Samples: Credit Agreement (Empire State Realty Trust, Inc.), Credit Agreement (Empire State Realty OP, L.P.)

Repayment of Participations. (i) At If, at any time after an L/C Issuer has made a payment under any Letter of Credit issued by it and has received from any Revolving Credit Lender such Lender’s L/C Advance in respect of such payment in accordance with Section 2.03(c2.03(d), if the Administrative Agent receives for the account of such L/C Issuer any payment in respect of the related Unreimbursed Amount or interest thereon (whether directly from the Borrowers or otherwise, including proceeds of cash collateral Cash Collateral applied thereto by the Administrative Agent pursuant to Section 2.03(g)Agent), the Administrative Agent will distribute to such Lender its Applicable Percentage applicable Pro Rata Share thereof (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Lender’s L/C Advance was outstanding) in the same funds as those received by the Administrative Agent. (ii) If any payment received by the Administrative Agent for the account of an L/C Issuer pursuant to Section 2.03(c)(i2.03(d)(i) is required to be returned under any of the circumstances described in Section 10.05 10.06 (including pursuant to any settlement entered into by such L/C Issuer in its discretion), each Revolving Credit Lender shall pay to the Administrative Agent for the account of such L/C Issuer its Applicable Percentage applicable Pro Rata Share thereof on demand of the Administrative Agent, plus interest thereon from the date of such demand to the date such amount is returned by such Lender, at a rate per annum equal to the Federal Funds Rate from time to time in effect. The obligations of the Lenders under this clause shall survive the payment in full of the Obligations and the termination of this Agreement.

Appears in 2 contracts

Samples: Credit Agreement (MeridianLink, Inc.), Credit Agreement (MeridianLink, Inc.)

Repayment of Participations. (i) At If, at any time after an L/C Issuer has made a payment under any Letter of Credit issued by it and has received from any Revolving Credit Lender such Lender’s L/C Advance in respect of such payment in accordance with Section 2.03(c), if the Administrative Agent receives for the account of such L/C Issuer any payment in respect of the related Unreimbursed Amount or interest thereon (whether directly from the Borrowers Borrower or otherwise, including proceeds of cash collateral Cash Collateral applied thereto by the Administrative Agent pursuant to Section 2.03(g)Agent), the Administrative Agent will distribute to such Lender its Applicable Percentage applicable Pro Rata Share thereof (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Lender’s L/C Advance was outstanding) in the same funds as those received by the Administrative Agent. (ii) If any payment received by the Administrative Agent for the account of an L/C Issuer pursuant to Section 2.03(c)(i) is required to be returned under any of the circumstances described in Section 10.05 10.06 (including pursuant to any settlement entered into by such L/C Issuer in its discretion), each Revolving Credit Lender shall pay to the Administrative Agent for the account of such L/C Issuer its Applicable Percentage applicable Pro Rata Share thereof on demand of the Administrative Agent, plus interest thereon from the date of such demand to the date such amount is returned by such Lender, at a rate per annum equal to the Federal Funds Rate from time to time in effect. The obligations of the Lenders under this clause shall survive the payment in full of the Obligations and the termination of this Agreement.

Appears in 2 contracts

Samples: Credit Agreement (Visteon Corp), Credit Agreement (Visteon Corp)

Repayment of Participations. (i) At If, at any time after an L/C Issuer has made a payment under any Letter of Credit issued (or arranged) by it and has received from any Revolving Credit Lender such Lender’s L/C Advance in respect of such payment in accordance with Section 2.03(c2.03(d), if the Administrative Agent receives for the account of such L/C Issuer any payment in respect of the related Unreimbursed Amount or interest thereon (whether directly from the Borrowers Borrower or otherwise, including proceeds of cash collateral Cash Collateral applied thereto by the Administrative Agent pursuant to Section 2.03(g)Agent), the Administrative Agent will distribute to such Lender its Applicable Percentage applicable Pro Rata Share thereof (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such LenderXxxxxx’s L/C Advance was outstanding) in the same funds as those received by the Administrative Agent. (ii) If any payment received by the Administrative Agent for the account of an L/C Issuer pursuant to Section 2.03(c)(i2.03(d)(i) is required to be returned under any of the circumstances described in Section 10.05 10.06 (including pursuant to any settlement entered into by such L/C Issuer in its discretion), each applicable Revolving Credit Lender shall pay to the Administrative Agent for the account of such L/C Issuer its Applicable Percentage applicable Pro Rata Share thereof on demand of the Administrative Agent, plus interest thereon from the date of such demand to the date such amount is returned by such LenderXxxxxx, at a rate per annum equal to the Federal Funds Rate from time to time in effect. The obligations of the Lenders under this clause shall survive the payment in full of the Obligations and the termination of this Agreement.

Appears in 2 contracts

Samples: Credit Agreement (KLDiscovery Inc.), Credit Agreement (KLDiscovery Inc.)

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Repayment of Participations. (i) At If, at any time after an L/C Issuer has made a payment under any Letter of Credit issued by it and has received from any Revolving Credit Lender such Lender’s L/C Advance in respect of such payment in accordance with Section 2.03(c), if the L/C Issuer (or the Administrative Agent receives Agent, for the account of such L/C Issuer Issuer) receives any payment in respect of the related Unreimbursed Amount or interest thereon (whether directly from the Borrowers Borrower or otherwise, including proceeds of cash collateral Cash Collateral applied thereto by the Administrative Agent pursuant to Section 2.03(g)Agent), the Administrative Agent will distribute to such Lender its Applicable Percentage Pro Rata Share thereof (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Lender’s L/C Advance was outstanding) in the same funds as those received by the Administrative Agent. (ii) If any payment received by the Administrative Agent for the account of an L/C Issuer pursuant to Section 2.03(c)(i) is required to be returned under any of the circumstances described in Section 10.05 10.06 (including pursuant to any settlement entered into by such L/C Issuer in its discretion), each Lender shall pay to the Administrative Agent for the account of such L/C Issuer its Applicable Percentage Pro Rata Share thereof on demand of the Administrative Agent, plus interest thereon from the date of such demand to the date such amount is returned by such Lender, at a rate per annum equal to the Federal Funds Rate from time to time in effect. The obligations of the Lenders under this clause shall survive the payment in full of the Obligations and the termination of this Agreement.

Appears in 2 contracts

Samples: Credit Agreement (At Home Group Inc.), Credit Agreement (At Home Group Inc.)

Repayment of Participations. (i) At any time after an the L/C Issuer has made a payment under any Letter of Credit and has received from any Lender such Lender’s L/C Advance in respect of such payment in accordance with Section 2.03(c), if the Administrative Agent receives for the account of such the L/C Issuer any payment in respect of the related Unreimbursed Amount or interest thereon (whether directly from the Borrowers Borrower or otherwise, including proceeds of cash collateral Cash Collateral applied thereto by the Administrative Agent pursuant to Section 2.03(g)Agent), the Administrative Agent will distribute to such Lender its Applicable Revolving Commitment Percentage thereof (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Lender’s L/C Advance was outstanding) in the same funds as those received by the Administrative Agent. (ii) If any payment received by the Administrative Agent for the account of an the L/C Issuer pursuant to Section 2.03(c)(i) is required to be returned under any of the circumstances described in Section 10.05 (including pursuant to any settlement entered into by such the L/C Issuer in its discretion), each Lender shall pay to the Administrative Agent for the account of such the L/C Issuer its Applicable Revolving Commitment Percentage thereof on demand of the Administrative Agent, plus interest thereon from the date of such demand to the date such amount is returned by such Lender, at a rate per annum equal to the Federal Funds Rate from time to time in effect. The obligations of the Lenders under this clause shall survive the payment in full of the Obligations and the termination of this Agreement.

Appears in 2 contracts

Samples: Credit Agreement (Nexstar Broadcasting Group Inc), Credit Agreement (Nexstar Broadcasting Group Inc)

Repayment of Participations. (i) At any time after an the L/C Issuer has made a payment under any Letter of Credit or Bankers’ Acceptance and has received from any Revolving Lender such Lender’s L/C C-BA Advance in respect of such payment in accordance with Section 2.03(c), if the Administrative Agent receives for the account of such the L/C Issuer any payment in respect of the related Unreimbursed Amount or interest thereon (whether directly from the Borrowers Borrower or otherwise, including proceeds of cash collateral Cash Collateral applied thereto by the Administrative Agent pursuant to Section 2.03(g)Agent), the Administrative Agent will distribute to such Revolving Lender its Applicable Percentage thereof (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Lender’s L/C Advance was outstanding) Dollars and in the same funds as those received by the Administrative Agent. (ii) If any payment received by the Administrative Agent for the account of an the L/C Issuer pursuant to Section 2.03(c)(i) is required to be returned under any of the circumstances described in Section 10.05 (including pursuant to any settlement entered into by such the L/C Issuer in its discretion), each Revolving Lender shall pay to the Administrative Agent for the account of such the L/C Issuer its Applicable Percentage thereof on demand of the Administrative Agent, plus interest thereon from the date of such demand to the date such amount is returned by such Revolving Lender, at a rate per annum equal to the Federal Funds applicable Overnight Rate from time to time in effect. The obligations of the Revolving Lenders under this clause shall survive the payment in full of the Obligations and the termination of this Agreement.

Appears in 2 contracts

Samples: Credit Agreement (SunEdison Semiconductor LTD), Credit Agreement (SunEdison Semiconductor LTD)

Repayment of Participations. (i) At any time after an the L/C Issuer has made a payment under any Letter of Credit and has received from any Multicurrency Lender such Multicurrency Lender’s L/C Advance in respect of such payment in accordance with Section 2.03(c), if the Administrative Agent receives for the account of such the L/C Issuer any payment in respect of the related Unreimbursed Amount or interest thereon (whether directly from the Borrowers Company or otherwise, including proceeds of cash collateral Cash Collateral applied thereto by the Administrative Agent pursuant to Section 2.03(g)Agent), the Administrative Agent will distribute to such Multicurrency Lender its Applicable Percentage thereof (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Lender’s L/C Advance was outstanding) Dollars and in the same funds as those received by the Administrative Agent. (ii) If any payment received by the Administrative Agent for the account of an the L/C Issuer pursuant to Section 2.03(c)(i) is required to be returned under any of the circumstances described in Section 10.05 11.05 (including pursuant to any settlement entered into by such the L/C Issuer in its discretion), each Multicurrency Lender shall pay to the Administrative Agent for the account of such the L/C Issuer its Applicable Percentage thereof on demand of the Administrative Agent, plus interest thereon from the date of such demand to the date such amount is returned by such Multicurrency Lender, at a rate per annum equal to the Federal Funds applicable Overnight Rate from time to time in effect. The obligations of the Multicurrency Lenders under this clause shall survive the payment in full of the Obligations and the termination of this Agreement.

Appears in 2 contracts

Samples: Syndicated Facility Agreement (Interface Inc), Syndicated Facility Agreement (Interface Inc)

Repayment of Participations. (i) At any time after an L/C Issuer has made a payment under any Letter of Credit and has received from any Lender such Lender’s L/C Advance in respect of such payment in accordance with Section 2.03(c), if the Administrative Agent receives for the account of such the applicable L/C Issuer any payment in respect of the related L/C Unreimbursed Amount or interest thereon (whether directly from the Borrowers a Borrower or otherwise, including proceeds of cash collateral Cash Collateral applied thereto by the Administrative Agent pursuant to Section 2.03(g)Agent), the Administrative Agent will distribute to such Lender its Applicable Revolving Commitment Percentage thereof (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Lender’s L/C Advance was outstanding) in the same funds as those received by the Administrative Agent. (ii) If any payment received by the Administrative Agent for the account of an L/C Issuer pursuant to Section 2.03(c)(i) is required to be returned under any of the circumstances described in Section 10.05 11.05 (including pursuant to any settlement entered into by such the applicable L/C Issuer in its discretion), each Lender shall pay to the Administrative Agent for the account of such the applicable L/C Issuer its Applicable Revolving Commitment Percentage thereof on demand of the Administrative Agent, plus interest thereon from the date of such demand to the date such amount is returned by such Lender, at a rate per annum equal to the Federal Funds Overnight Rate from time to time in effect. The obligations of the Lenders under this clause shall survive the payment in full of the Obligations and the termination of this Credit Agreement.

Appears in 2 contracts

Samples: Credit Agreement (Euronet Worldwide Inc), Credit Agreement (Euronet Worldwide Inc)

Repayment of Participations. (i) At any time after an the L/C Issuer has made a payment under any Letter of Credit and has received from any Lender such Lender’s L/C Advance in respect of such payment in accordance with Section 2.03(c), if the L/C Issuer or the Administrative Agent receives for the account of such the L/C Issuer Issuer, receives any payment in respect of the related Unreimbursed Amount or interest thereon (whether directly from the Borrowers Domestic Borrower or Australian Borrower, as applicable, or otherwise, including proceeds of cash collateral Cash Collateral applied thereto by the Administrative Agent pursuant to Section 2.03(g)Agent), the L/C Issuer shall distribute any payment it receives to the Administrative Agent and the Administrative Agent will distribute to such Lender its Applicable Percentage thereof (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Lender’s L/C Advance was outstanding) ), in Dollars and in the same funds as those received by the Administrative Agent. (ii) If any payment received by the L/C Issuer by the Administrative Agent for the account of an the L/C Issuer pursuant to Section 2.03(c)(i) is required to be returned under any of the circumstances described in Section 10.05 (including pursuant to any settlement entered into by such the L/C Issuer in its discretion), each applicable Lender shall pay to the Administrative Agent for the account of such the L/C Issuer its Applicable Percentage thereof on demand of the Administrative Agent, Agent plus interest thereon from the date of such demand to the date such amount is returned by such Lender, at a rate per annum equal to the Federal Funds applicable Overnight Rate from time to time in effect. The obligations of the Lenders under this clause shall survive the payment Payment in full of the Obligations Full and the termination of this Agreement.

Appears in 1 contract

Samples: Senior Secured Debtor in Possession Credit Agreement (Quiksilver Inc)

Repayment of Participations. (i) At any time after an L/C Issuer has made a payment under any Letter of Credit and has received from any Lender such Lender’s L/C Advance in respect of such payment in accordance with Section 2.03(c2.3(c), if the Administrative Agent receives for the account of such L/C Issuer any payment in respect of the related Unreimbursed Amount or interest thereon (whether directly from the Borrowers Borrower or otherwise, including proceeds of cash collateral Cash Collateral applied thereto by the Administrative Agent pursuant to Section 2.03(g)Agent), the Administrative Agent will distribute to such Lender its Applicable Percentage thereof (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Lender’s L/C Advance was outstanding) in the same funds as those received by the Administrative Agent. (ii) If any payment received by the Administrative Agent for the account of an L/C Issuer pursuant to Section 2.03(c)(i2.3(c)(i) is required to be returned under any of the circumstances described in Section 10.05 10.10 (including pursuant to any settlement entered into by such L/C Issuer in its discretion), each Lender shall pay to the Administrative Agent for the account of such L/C Issuer its Applicable Percentage thereof on demand of the Administrative Agent, plus interest thereon from the date of such demand to the date such amount is returned by such Lender, at a rate per annum equal to the Federal Funds Rate from time to time in effect. The obligations of the Lenders under this clause shall survive the payment in full of the Obligations and the termination of this Agreement.

Appears in 1 contract

Samples: Loan Agreement (Cascade Corp)

Repayment of Participations. (i) At any time after an Applicable L/C Issuer has made a payment under any Applicable Letter of Credit and has received from any Revolving Lender such Revolving Lender’s L/C Advance in respect of such payment in accordance with Section 2.03(c), if the Administrative Agent receives for the account of such an Applicable L/C Issuer any payment in respect of the related Unreimbursed Amount or interest thereon (whether directly from the Borrowers Borrower or otherwise, including proceeds of cash collateral Cash Collateral applied thereto by the Administrative Agent pursuant to Section 2.03(g)Agent), the Administrative Agent will distribute to such Revolving Lender its Applicable Percentage thereof (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Lender’s L/C Advance was outstanding) in the same funds as those received by the Administrative Agent. (ii) If any payment received by the Administrative Agent for the account of an Applicable L/C Issuer pursuant to Section 2.03(c)(i2.03(c)(ii) is required to be returned under any of the circumstances described in Section 10.05 (including pursuant to any settlement entered into by such the Applicable L/C Issuer in its discretion), each Revolving Lender shall pay to the Administrative Agent for the account of such the Applicable L/C Issuer its Applicable Percentage thereof on demand of the Administrative Agent, plus interest thereon from the date of such demand to the date such amount is returned by such Revolving Lender, at a rate per annum equal to the Federal Funds NYFRB Rate from time to time in - 51 - effect. The obligations of the Revolving Lenders under this clause shall survive the payment in full of the Obligations and the termination of this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Cim Real Estate Finance Trust, Inc.)

Repayment of Participations. (ia) At any time after an L/C Issuer the Issuing Bank has made a payment under any Letter of Credit and has received from any Lender such Lender’s L/C Letter of Credit Advance in respect of such payment in accordance with Section 2.03(c)§4.3, if the Administrative Agent receives for the account of such L/C Issuer the Issuing Bank any payment in respect of the related Unreimbursed Amount Unpaid Reimbursement Obligation or interest thereon (whether directly from the Borrowers applicable Borrower or otherwise, including proceeds of cash collateral Cash Collateral applied thereto by the Administrative Agent pursuant to Section 2.03(g)Agent), the Administrative Agent will distribute to such Lender its Applicable Commitment Percentage thereof (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Lender’s L/C Letter of Credit Advance was outstanding) in Dollars and in the same funds as those received by the Administrative Agent.. DB3/ 204224713.6 (iib) If any payment received by the Administrative Agent for the account of an L/C Issuer the Issuing Bank pursuant to Section 2.03(c)(i§4.3(a) is required to be returned in connection with any proceeding under any of the circumstances described in Section 10.05 Debtor Relief Law (including pursuant to any settlement entered into by such L/C Issuer the Issuing Bank in its discretion), each Lender shall pay to the Administrative Agent for the account of such L/C Issuer the Issuing Bank its Applicable Commitment Percentage thereof on demand of the Administrative Agent, plus interest thereon from the date of such demand to the date such amount is returned by such Lender, at a rate per annum equal to the Federal Funds applicable Overnight Rate from time to time in effect. The obligations of the Lenders under this clause shall survive the payment in full of the Obligations and the termination of this Credit Agreement.

Appears in 1 contract

Samples: Credit Agreement (Barnes Group Inc)

Repayment of Participations. (i) At any time after an the L/C Issuer has made a payment under any Letter of Credit and has received from any Revolving A Lender such Lender’s L/C Advance in respect of such payment in accordance with Section 2.03(c), if the Administrative Agent receives for the account of such the L/C Issuer any payment in respect of the related Unreimbursed Amount or interest thereon (whether directly from the Borrowers a Borrower or otherwise, including proceeds of cash collateral Cash Collateral applied thereto by the Administrative Agent pursuant to Section 2.03(g)Agent), the Administrative Agent will distribute to such Lender its Applicable Percentage thereof (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Lender’s L/C Advance was outstanding) in the same funds as those received by the Administrative Agent. (ii) . If any payment received by the Administrative Agent for the account of an the L/C Issuer pursuant to Section 2.03(c)(i) is required to be returned under any of the circumstances described in Section 10.05 (including pursuant to any settlement entered into by such the L/C Issuer in its discretion), each Revolving A Lender shall pay to the Administrative Agent for the account of such the L/C Issuer its Applicable Percentage thereof on demand of the Administrative Agent, plus interest thereon from the date of such demand to the date such amount is returned by such Lender, at a rate per annum equal to the Federal Funds Effective Rate from time to time in effect. The obligations of the Revolving A Lenders under this clause shall survive the payment in full of the Obligations and the termination of this Agreement.

Appears in 1 contract

Samples: Credit Agreement (EnerSys)

Repayment of Participations. (i) At any time after an L/C Issuer has made a payment under any Letter of Credit and has received from any Lender such Lender’s L/C Advance in respect of such payment in accordance with Section 2.03(c), if the applicable Administrative Agent receives for the account of such L/C Issuer any payment in respect of the related Unreimbursed Amount or interest thereon (whether directly from the Borrowers applicable Borrower or otherwise, including proceeds of cash collateral Cash Collateral applied thereto by the such Administrative Agent pursuant to Section 2.03(g)Agent), the such Administrative Agent will distribute to such Lender its Applicable Percentage thereof (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Lender’s L/C Advance was outstanding) in the same funds as those received by the such Administrative Agent. (ii) If any payment received by the an Administrative Agent for the account of an L/C Issuer pursuant to Section 2.03(c)(i) is required to be returned under any of the circumstances described in Section 10.05 (including pursuant to any settlement entered into by such L/C Issuer in its discretion), each applicable Lender shall pay to the applicable Administrative Agent for the account of such L/C Issuer its Applicable Percentage thereof on demand of the such Administrative Agent, plus interest thereon from the date of such demand to the date such amount is returned by such Lender, at a rate per annum equal to the Federal Funds Rate (in the case of the Domestic L/C Issuer) or the Interbank Reference Rate (in the case of the Canadian L/C Issuer) from time to time in effect. The obligations of the Lenders under this clause shall survive the payment in full of the Obligations and the termination of this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Guess Inc)

Repayment of Participations. (i) At If, at any time after an L/C Issuer has made a payment under any Letter of Credit issued (or arranged) by it and has received from any Revolving Credit Lender such Lender’s L/C Advance in respect of such payment in accordance with Section 2.03(c2.03(d), if the Administrative Agent receives for the account of such L/C Issuer any payment in respect of the related Unreimbursed Amount or interest thereon (whether directly from the Borrowers Borrower or otherwise, including proceeds of cash collateral Cash Collateral applied thereto by the Administrative Agent pursuant to Section 2.03(g)Agent), the Administrative Agent will distribute to such Lender its Applicable Percentage applicable Pro Rata Share thereof (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such LenderXxxxxx’s L/C Advance was outstanding) in the same funds as those received by the Administrative Agent. (ii) If any payment received by the Administrative Agent for the account of an L/C Issuer pursuant to Section 2.03(c)(i2.03(d)(i) is required to be returned under any of the circumstances described in Section 10.05 10.06 (including pursuant to any settlement entered into by such L/C Issuer in its discretion), each applicable Revolving Credit Lender shall pay to the Administrative Agent for the account of such L/C Issuer its Applicable Percentage applicable Pro Rata Share thereof on demand of the Administrative Agent, plus interest thereon from the date of such demand to the date such amount is returned by such Lender, at a rate per annum equal to the Federal Funds Rate from time to time in effect. The obligations of the Lenders under this clause shall survive the payment in full of the Obligations and the termination of this Agreement.

Appears in 1 contract

Samples: Credit Agreement (KLDiscovery Inc.)

Repayment of Participations. (i) At any time after an the L/C Issuer has made a payment under any Letter of Credit and has received from any Global Revolving Credit Lender such Global Revolving Credit Lender’s L/C Advance in respect of such payment in accordance with Section 2.03(c), if the Administrative Agent receives for the account of such the L/C Issuer any payment in respect of the related Unreimbursed Amount or interest thereon (whether directly from the Borrowers relevant Borrower or otherwise, including proceeds of cash collateral Cash Collateral applied thereto by the Administrative Agent pursuant to Section 2.03(g)Agent), the Administrative Agent will distribute to such Global Revolving Credit Lender its #47923322 Applicable Percentage thereof (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Lender’s L/C Advance was outstanding) Dollars and in the same funds as those received by the Administrative Agent. (ii) If any payment received by the Administrative Agent for the account of an the L/C Issuer pursuant to Section 2.03(c)(i) is required to be returned under any of the circumstances described in Section 10.05 (including pursuant to any settlement entered into by such the L/C Issuer in its discretion), each Global Revolving Credit Lender shall pay to the Administrative Agent Agent, for the account of such the L/C Issuer Issuer, its Applicable Percentage thereof on demand of the Administrative Agent, plus interest thereon from the date of such demand to the date such amount is returned by such Lender, at a rate per annum equal to the applicable Federal Funds Effective Rate from time to time in effect. The obligations of the Global Revolving Credit Lenders under this clause shall survive the payment in full of the Obligations and the termination of this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Greif Inc)

Repayment of Participations. (i) At any time after an the L/C Issuer has made a payment under any Letter of Credit and has received from any Lender such Lender’s L/C Advance in respect of such payment in accordance with Section 2.03(c), if the Administrative Agent receives for the account of such the L/C Issuer any payment in respect of the related Unreimbursed Amount or interest thereon (whether directly from the Borrowers or otherwise, including proceeds of cash collateral applied thereto by the Administrative Agent pursuant to Section 2.03(g)), the Administrative Agent will distribute to such Lender its Applicable Percentage thereof (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Lender’s L/C Advance was outstanding) in the same funds as those received by the Administrative Agent. (ii) If any payment received by the Administrative Agent for the account of an the L/C Issuer pursuant to Section 2.03(c)(i) is required to be returned under any of the circumstances described in Section 10.05 (including pursuant to any settlement entered into by such the L/C Issuer in its reasonable discretion), each Lender shall pay to the Administrative Agent for the account of such the L/C Issuer its Applicable Percentage thereof on demand of the Administrative Agent, plus interest thereon from the date of such demand to the date such amount is returned by such Lender, at a rate per annum equal to the Federal Funds Rate from time to time in effect. The obligations of the Lenders under this clause shall survive the payment in full of the Obligations and the termination of this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Wet Seal Inc)

Repayment of Participations. (i) At any time after an the L/C Issuer has made a payment under any Letter of Credit and has received from any Lender such Lender’s L/C Advance in respect of such payment in accordance with Section 2.03(c), if the Administrative Agent receives for the account of such the L/C Issuer any payment in respect of the related Unreimbursed Amount or interest thereon (whether directly from the Borrowers applicable L/C Party or otherwise, including proceeds of cash collateral Cash Collateral applied thereto by the Administrative Agent pursuant to Section 2.03(g)Agent), the Administrative Agent will distribute to such Lender its Applicable Percentage thereof (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Lender’s L/C Advance was outstanding) in Dollars and in the same funds as those received by the Administrative Agent. (ii) If any payment received by the Administrative Agent for the account of an the L/C Issuer pursuant to Section 2.03(c)(i) is required to be returned under any of the circumstances described in Section 10.05 11.05 (including pursuant to any settlement entered into by such the L/C Issuer in its discretion), each Lender shall pay to the Administrative Agent for the account of such the L/C Issuer its Applicable Percentage thereof on demand of the Administrative Agent, plus interest thereon from the date of such demand to the date such amount is returned by such Lender, at a rate per annum equal to the Federal Funds applicable Overnight Rate from time to time in effect. The obligations of the Lenders under this clause shall survive the payment in full of the Obligations and the termination of this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Toro Co)

Repayment of Participations. lxxiii (i) At any time after an the L/C Issuer has made a payment under any Letter of Credit and has received from any Revolving A Lender such Lender’s L/C Advance in respect of such payment in accordance with Section 2.03(c), if the Administrative Agent receives for the account of such the L/C Issuer any payment in respect of the related Unreimbursed Amount or interest thereon (whether directly from the Borrowers Company or otherwise, including proceeds of cash collateral Cash Collateral applied thereto by the Administrative Agent pursuant to Section 2.03(g)Agent), the Administrative Agent will distribute to such Lender its Applicable Percentage thereof (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Lender’s L/C Advance was outstanding) in Dollars and in the same funds as those received by the Administrative Agent. (ii) If any payment received by the Administrative Agent for the account of an the L/C Issuer pursuant to Section 2.03(c)(i) is required to be returned under any of the circumstances described in Section 10.05 11.05 (including pursuant to any settlement entered into by such the L/C Issuer in its discretion), each Revolving A Lender shall pay to the Administrative Agent for the account of such the L/C Issuer its Applicable Percentage thereof on demand of the Administrative Agent, plus interest thereon from the date of such demand to the date such amount is returned by such Lender, at a rate per annum equal to the Federal Funds applicable Overnight Rate from time to time in effect. The obligations of the Revolving A Lenders under this clause shall survive the payment in full of the Obligations and the termination of this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Fleetcor Technologies Inc)

Repayment of Participations. (i) At any time after an the L/C Issuer has made a payment under any Letter of Credit and has received from any Revolving Credit Lender such Lender’s L/C Advance in respect of such payment in accordance with Section 2.03(c), if the Administrative Agent receives for the account of such the L/C Issuer any payment in respect of the related Unreimbursed Amount or interest thereon (whether directly from the Borrowers applicable Borrower or otherwise, including proceeds of cash collateral Cash Collateral applied thereto by the Administrative Agent pursuant to Section 2.03(g)Agent), the Administrative Agent will distribute to such Lender its Applicable Revolving Credit Percentage under the applicable Facility thereof (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Lender’s L/C Advance was outstanding) in the same funds as those received by the Administrative Agent. (ii) If any payment received by the Administrative Agent for the account of an the L/C Issuer pursuant to Section 2.03(c)(i) is required to be returned under any of the circumstances described in Section 10.05 11.05 (including pursuant to any settlement entered into by such the L/C Issuer in its discretion), each Revolving Credit Lender shall pay to the Administrative Agent for the account of such the L/C Issuer its Applicable Revolving Credit Percentage thereof under the applicable Facility on demand of the Administrative Agent, plus interest thereon from the date of such demand to the date such amount is returned by such Lender, at a rate per annum equal to the Federal Funds Rate from time to time in effect. The obligations of the Lenders under this clause shall survive the payment in full of the Obligations and the termination of this Agreement.

Appears in 1 contract

Samples: Credit Agreement (GT Advanced Technologies Inc.)

Repayment of Participations. (i) At any time after an the L/C Issuer has made a payment under any Letter of Credit and has received from any DIP Lender such DIP Lender’s L/C Advance in respect of such payment in accordance with Section 2.03(c), if the Administrative Agent receives for the account of such the L/C Issuer any payment in respect of the related Unreimbursed Amount or interest thereon (whether directly from the Borrowers Borrower or otherwise, including proceeds of cash collateral Cash Collateral applied thereto by the Administrative Agent pursuant to Section 2.03(g)Agent), the Administrative Agent will distribute to such DIP Lender its Applicable Percentage thereof (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such DIP Lender’s L/C Advance was outstanding) in the same funds as those received by the Administrative Agent. (ii) If any payment received by the Administrative Agent for the account of an the L/C Issuer pursuant to Section 2.03(c)(i) is required to be returned under any of the circumstances described in Section 10.05 12.05 (including pursuant to any settlement entered into by such the L/C Issuer in its discretion), each DIP Lender shall pay to the Administrative Agent for the account of such the L/C Issuer its Applicable Percentage thereof on demand of the Administrative Agent, plus interest thereon from the date of such demand to the date such amount is returned by such DIP Lender, at a rate per annum equal to the Federal Funds Rate from time to time in effect. The obligations of the DIP Lenders under this clause shall survive the payment in full of the Obligations and the termination of this DIP Loan Agreement.

Appears in 1 contract

Samples: Debt and Security Agreement

Repayment of Participations. (i) At any time after an either L/C Issuer has made a payment under any Letter of Credit and has received from any Lender such Lender’s L/C Advance in respect of such payment in accordance with Section 2.03(c2.04(c), if the Administrative applicable Agent receives for the account of such L/C Issuer any payment in respect of the related Unreimbursed Amount or interest thereon (whether directly from the Borrowers applicable Borrower or otherwise, including proceeds of cash collateral Cash Collateral applied thereto by the Administrative Agent pursuant to Section 2.03(g)applicable Agent), the Administrative applicable Agent will distribute to such Lender its Applicable Revolving Credit/Committed Loan Percentage thereof (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Lender’s L/C Advance was outstanding) in the same funds as those received by the Administrative Agent. (ii) If any payment received by the Administrative an Agent for the account of an a L/C Issuer pursuant to Section 2.03(c)(i2.04(c)(i) is required to be returned under any of the circumstances described in Section 10.05 (including pursuant to any settlement entered into by such L/C Issuer in its discretion), each Lender U.S. Revolving A Credit Lender, in the case of a U.S. Letter of Credit, and each Canadian Lender, in the case of a Canadian Letter of Credit, shall pay to the Administrative applicable Agent for the account of such the applicable L/C Issuer its Applicable Revolving Credit/Committed Loan Percentage thereof on demand of the Administrative such Agent, plus interest thereon from the date of such demand to the date such amount is returned by such Lender, at a rate per annum equal to the Federal Funds applicable Overnight Rate from time to time in effect. The obligations of the Lenders under this clause shall survive the payment in full of the Obligations and the termination of this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Castle a M & Co)

Repayment of Participations. (i) At any time after an any L/C Issuer has made a payment under any Letter of Credit and has received from any Lender such Lender’s L/C Advance in respect of such payment in accordance with Section 2.03(c), if the Administrative Agent receives for the account of such L/C Issuer any payment in respect of the related Unreimbursed Amount or interest thereon (whether directly from the Borrowers Borrower or otherwise, including proceeds of cash collateral Cash Collateral applied thereto by the Administrative Agent pursuant to Section 2.03(g)Agent), the Administrative Agent will distribute to such Lender its Applicable Percentage thereof (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Lender’s L/C Advance was outstanding) in the same funds as those received by the Administrative Agent.. US 7504294v.5 CHA715/10017​ ​ (ii) If any payment received by the Administrative Agent for the account of an any L/C Issuer pursuant to Section 2.03(c)(i) is required to be returned under any of the circumstances described in Section 10.05 11.05 (including pursuant to any settlement entered into by such L/C Issuer in its discretion), each Lender shall pay to the Administrative Agent for the account of such the applicable L/C Issuer its Applicable Percentage thereof on demand of the Administrative Agent, plus interest thereon from the date of such demand to the date such amount is returned by such Lender, at a rate per annum equal to the Federal Funds Effective Rate from time to time in effect. The obligations of the Lenders under this clause shall survive the payment in full of the Obligations and the termination of this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Container Store Group, Inc.)

Repayment of Participations. (i) At any time after an the L/C Issuer has made a payment under any Letter of Credit and has received from any Revolving A Lender such Lender’s L/C Advance in respect of such payment in accordance with Section 2.03(c), if the Administrative Agent receives for the account of such the L/C Issuer any payment in respect of the related Unreimbursed Amount or interest thereon (whether directly from the Borrowers a Borrower or otherwise, including proceeds of cash collateral Cash Collateral applied thereto by the Administrative Agent pursuant to Section 2.03(g)Agent), the Administrative Agent will distribute to such Lender its Applicable Percentage thereof (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Lender’s L/C Advance was outstanding) in the same funds as those received by the Administrative Agent. (ii) If any payment received by the Administrative Agent for the account of an the L/C Issuer pursuant to Section 2.03(c)(i) is required to be returned under any of the circumstances described in Section 10.05 (including pursuant to any settlement entered into by such the L/C Issuer in its discretion), each Revolving A Lender shall pay to the Administrative Agent for the account of such the L/C Issuer its Applicable Percentage thereof on demand of the Administrative Agent, plus interest thereon from the date of such demand to the date such amount is returned by such Lender, at a rate per annum equal to the Federal Funds Effective Rate from time to time in effect. The obligations of the Revolving A Lenders under this clause shall survive the payment in full of the Obligations and the termination of this Agreement.

Appears in 1 contract

Samples: Credit Agreement (EnerSys)

Repayment of Participations. (i) At any time after an the L/C Issuer has made a payment under any Letter of Credit and has received from any Revolving Credit Lender such Lender’s 's L/C Advance in respect of such payment in accordance with Section 2.03(c), if the Administrative Agent receives for the account of such the L/C Issuer any payment in respect of the related Unreimbursed Amount or interest thereon (whether directly from the Borrowers or otherwise, including proceeds of cash collateral Cash Collateral applied thereto by the Administrative Agent pursuant to Section 2.03(g)Agent), the Administrative Agent will distribute to such Lender its Applicable Percentage thereof (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Lender’s 's L/C Advance was outstanding) in the same funds as those received by the Administrative Agent. (ii) If any payment received by the Administrative Agent for the account of an the L/C Issuer pursuant to Section 2.03(c)(i) is required to be returned under any of the circumstances described in Section 10.05 11.05 (including pursuant to any settlement entered into by such the L/C Issuer in its discretion), each Revolving Credit Lender shall pay to the Administrative Agent for the account of such the L/C Issuer its Applicable Percentage thereof on demand of the Administrative Agent, plus interest thereon from the date of such demand to the date such amount is returned by such Lender, at a rate per annum equal to the Federal Funds Rate from time to time in effect. The obligations of the Lenders under this clause shall survive the payment in full of the Obligations and the termination of this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Ames True Temper, Inc.)

Repayment of Participations. (i) At any time after an the L/C Issuer has made a payment under any Letter of Credit and has received from any Revolving Lender such Lender’s L/C Advance in respect of such payment in accordance with Section 2.03(c), if the Administrative Agent receives for the account of such the L/C Issuer any payment in respect of the related Unreimbursed Amount or interest thereon (whether directly from the Borrowers Borrower or otherwise, including proceeds of cash collateral applied thereto by the Administrative Agent pursuant to Section 2.03(g)Agent), the Administrative Agent will distribute to such Lender its Applicable Revolving Percentage thereof (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Lender’s L/C Advance was outstanding) in the same funds as those received by the Administrative Agent. (ii) If any payment received by the Administrative Agent for the account of an the L/C Issuer pursuant to Section 2.03(c)(i) is required to be returned under any of the circumstances described in Section 10.05 (including pursuant to any settlement entered into by such the L/C Issuer in its discretion), each Revolving Lender shall pay to the Administrative Agent for the account of such the L/C Issuer its Applicable Revolving Percentage thereof on demand of the Administrative Agent, plus interest thereon from the date of such demand to the date such amount is returned by such Lender, at a rate per annum equal to the Federal Funds Rate from time to time in effect. The obligations of the Revolving Lenders under this clause shall survive the payment in full of the Obligations and the termination of this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Health Management Associates Inc)

Repayment of Participations. (i) At any time after an the L/C Intermediary has made a payment to the L/C Issuer has made a payment under any Letter of Credit and has received from any Lender such Lender’s L/C Advance in respect of such payment in accordance with Section 2.03(c), if the Administrative Agent receives for the account of such the L/C Issuer Intermediary any payment in respect of the related Unreimbursed Amount or interest thereon (whether directly from the Borrowers Borrower or otherwise, including proceeds of cash collateral Cash Collateral applied thereto by the Administrative Agent pursuant to Section 2.03(g)Agent), the Administrative Agent will distribute to such Lender its Applicable Percentage thereof (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such LenderXxxxxx’s L/C Advance was outstanding) in the same funds as those received by the Administrative Agent. (ii) If any payment received by the Administrative Agent for the account of an the L/C Issuer Intermediary pursuant to Section 2.03(c)(i) is required to be returned under any of the circumstances described in Section 10.05 11.05 (including pursuant to any settlement entered into by such the L/C Issuer Intermediary in its discretion), each Lender shall pay to the Administrative Agent for the account of such the L/C Issuer Intermediary its Applicable Percentage thereof on demand of the Administrative Agent, plus interest thereon from the date of such demand to the date such amount is returned by such Lender, at a rate per annum equal to the Federal Funds Rate from time to time in effect. The obligations of the Lenders under this clause shall survive the payment in full of the Obligations and the termination of this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Tejon Ranch Co)

Repayment of Participations. (i) At any time after an any L/C Issuer has made a payment under any Letter of Credit and has received from any Revolving Credit Lender such Lender’s L/C Advance in respect of such payment in accordance with Section 2.03(c), if the Administrative Agent receives for the account of such L/C Issuer any payment in respect of the related Unreimbursed Amount or interest thereon (whether directly from the Borrowers Borrower or otherwise, including proceeds of cash collateral Cash Collateral applied thereto by the Administrative Agent pursuant to Section 2.03(g)Agent), the Administrative Agent will distribute to such Lender its Applicable Revolving Credit Percentage thereof (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Lender’s L/C Advance was outstanding) in the same funds as those received by the Administrative Agent. (ii) If any payment received by the Administrative Agent for the account of an any L/C Issuer pursuant to Section 2.03(c)(i) is required to be returned under any of the circumstances described in Section 10.05 (including pursuant to any settlement entered into by such L/C Issuer in its discretion), each Revolving Credit Lender shall pay to the Administrative Agent for the account of such L/C Issuer its Applicable Revolving Credit Percentage thereof on demand of the Administrative Agent, plus interest thereon from the date of such demand to the date such amount is returned by such Lender, at a rate per annum equal to the Federal Funds Rate from time to time in effect. The obligations of the Lenders under this clause shall survive the payment in full of the Obligations and the termination of this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Leap Wireless International Inc)

Repayment of Participations. (i) At any time after an the L/C Issuer has made a payment under any Letter of Credit and has received from any Revolving Credit Lender such Revolving Credit Lender’s L/C Advance in respect of such payment in accordance with Section 2.03(c), if the Administrative Agent receives for the account of such the L/C Issuer any payment in respect of the related Unreimbursed Amount or interest thereon (whether directly from the Borrowers Borrower or otherwise, including proceeds of cash collateral Cash Collateral applied thereto by the Administrative Agent pursuant to Section 2.03(g)Agent), the Administrative Agent will distribute to such Revolving Credit Lender its Applicable Revolving Credit Percentage thereof (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Lender’s L/C Advance was outstanding) in the same funds as those received by the Administrative Agent.. CHL:63544.12 (ii) If any payment received by the Administrative Agent for the account of an the L/C Issuer pursuant to Section 2.03(c)(i) is required to be returned under any of the circumstances described in Section 10.05 (including pursuant to any settlement entered into by such the L/C Issuer in its discretion), each Revolving Credit Lender shall pay to the Administrative Agent for the account of such the L/C Issuer its Applicable Revolving Credit Percentage thereof on demand of the Administrative Agent, plus interest thereon from the date of such demand to the date such amount is returned by such Revolving Credit Lender, at a rate per annum equal to the Federal Funds Rate from time to time in effect. The obligations of the Revolving Credit Lenders under this clause shall survive the payment in full of the Obligations and the termination of this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Heartland Payment Systems Inc)

Repayment of Participations. (i) At any time after an the L/C Issuer has made a payment under any Letter of Credit and has received from any Lender such Lender’s L/C Advance in respect of such payment in accordance with Section 2.03(c), if the Administrative Agent receives for the account of such the L/C Issuer any payment in respect of the related Unreimbursed Amount or interest thereon (whether directly from the Borrowers or otherwise, including proceeds of cash collateral applied thereto by the Administrative Agent pursuant to Section 2.03(g)), the Administrative Agent will distribute to such Lender its Applicable Percentage thereof (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Lender’s L/C Advance was outstanding) in the same funds as those received by the Administrative Agent. (ii) If any payment received by the Administrative Agent for the account of an the L/C Issuer pursuant to Section 2.03(c)(i) is required to be returned under any of the circumstances described in Section 10.05 (including pursuant to any settlement entered into by such the L/C Issuer in its discretion), each Lender shall pay to the Administrative Agent for the account of such the L/C Issuer its Applicable Percentage thereof on demand of the Administrative Agent, plus interest thereon from the date of such demand to the date such amount is returned by such Lender, at a rate per annum equal to the Federal Funds Rate from time to time in effect. The obligations of the Lenders under this clause shall survive the payment in full of the Obligations and the termination of this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Big 5 Sporting Goods Corp)

Repayment of Participations. (i) At any time after an the L/C Issuer has made a payment under any Letter of Credit and has received from any Lender such Lender’s 's L/C Advance in respect of such payment in accordance with Section 2.03(cSECTION 2.03(C), if the Administrative Agent receives for the account of such the L/C Issuer any payment in respect of the related Unreimbursed Amount or interest thereon (whether directly from the Borrowers Borrower or otherwise, including proceeds of cash collateral Cash Collateral applied thereto by the Administrative Agent pursuant to Section 2.03(g)Agent), the Administrative Agent will distribute to such Lender its Applicable Percentage thereof (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Lender’s 's L/C Advance was outstanding) in the same funds as those received by the Administrative Agent. (ii) If any payment received by the Administrative Agent for the account of an the L/C Issuer pursuant to Section 2.03(c)(iSECTION 2.03(C)(I) is required to be returned under any of the circumstances described in Section SECTION 10.05 (including pursuant to any settlement entered into by such the L/C Issuer in its discretion), each Lender shall pay to the Administrative Agent for the account of such the L/C Issuer its Applicable Percentage thereof on demand of the Administrative Agent, plus interest thereon from the date of such demand to the date such amount is returned by such Lender, at a rate per annum equal to the Federal Funds Rate from time to time in effect. The obligations of the Lenders under this clause shall survive the payment in full of the Obligations and the termination of this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Nuco2 Inc /Fl)

Repayment of Participations. (i) At any time after an L/C the LC Issuer has made a payment under any Letter of Credit and has received from any Tranche A Lender such Lender’s L/C LC Advance in respect of such payment in accordance with Section 2.03(c), if the Administrative Agent receives for the account of such L/C the LC Issuer any payment in respect of the related Unreimbursed Amount or interest thereon (whether directly from the Borrowers or otherwise, including proceeds of cash collateral Cash Collateral applied thereto by the Administrative Agent pursuant to Section 2.03(g)Agent), the Administrative Agent will distribute to such Lender its Tranche A Applicable Percentage thereof (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Lender’s L/C LC Advance was outstanding) in the same funds as those received by the Administrative Agent. (ii) If any payment received by the Administrative Agent for the account of an L/C the LC Issuer pursuant to Section 2.03(c)(i) is required to be returned under any of the circumstances described in Section 10.05 (including pursuant to any settlement entered into by such L/C the LC Issuer in its discretion), each Tranche A Lender shall pay to the Administrative Agent for the account of such L/C the LC Issuer its Tranche A Applicable Percentage thereof on demand of the Administrative Agent, plus interest thereon from the date of such demand to the date such amount is returned by such Tranche A Lender, at a rate per annum equal to the Federal Funds Rate from time to time in effect. The obligations of the Tranche A Lenders under this clause shall survive the payment in full of the Secured Obligations and the termination of this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Barnes & Noble Inc)

Repayment of Participations. (i) At any time after an the L/C Issuer has made a payment under any Letter of Credit and has received from any Lender such Lender’s L/C Advance in respect of such payment in accordance with Section 2.03(c2.04(c), if the Administrative Agent receives for the account of such the L/C Issuer any payment in respect of the related Unreimbursed Amount or interest thereon (whether directly from the Borrowers Borrower or otherwise), including proceeds of cash collateral applied thereto by the Administrative Agent pursuant to Section 2.03(g)), the Administrative Agent will shall distribute to such Lender its Applicable Percentage thereof (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Lender’s L/C Advance was outstanding) in the same funds as those received by the Administrative Agent. (ii) If any payment received by the Administrative Agent for the account of an the L/C Issuer pursuant to Section 2.03(c)(i2.04(c)(i) is required to be returned under any of the circumstances described in Section 10.05 10.06 (including pursuant to any settlement entered into by such the L/C Issuer in its discretion), each Lender shall pay to the Administrative Agent for the account of such the L/C Issuer its Applicable Percentage thereof on demand of the Administrative Agent, plus interest thereon from the date of such demand to the date such amount is returned by such Lender, at a rate per annum equal to the Federal Funds Effective Rate from time to time in effect. The obligations of the Lenders under this clause shall survive the payment in full of the Obligations and the termination of this Agreement.

Appears in 1 contract

Samples: Credit Agreement (American Realty Capital New York Recovery Reit Inc)

Repayment of Participations. (ia) At any time after an the L/C Issuer has made a payment under any Letter of Credit and has received from any Lender such Lender’s L/C Advance in respect of such payment in accordance with Section 2.03(c)2.4.3, if the Administrative Agent receives for the account of such the L/C Issuer any payment in respect of the related Unreimbursed Amount or interest thereon (whether directly from the Borrowers Borrower or otherwise), including proceeds of cash collateral applied thereto by the Administrative Agent pursuant to Section 2.03(g)), the Administrative Agent will shall distribute to such Lender its Applicable Percentage thereof (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Lender’s L/C Advance was outstanding) in the same funds as those received by the Administrative Agent. (iib) If any payment received by the Administrative Agent for the account of an the L/C Issuer pursuant to Section 2.03(c)(i2.4.3(a) is required to be returned under any of the circumstances described in Section 10.05 12.4 (including pursuant to any settlement entered into by such the L/C Issuer in its discretion), each Lender shall pay to the Administrative Agent for the account of such the L/C Issuer its Applicable Percentage thereof on demand of the Administrative Agent, plus interest thereon from the date of such demand to the date such amount is returned by such Lender, at a rate per annum equal to the Federal Funds Rate from time to time in effect. The obligations of the Lenders under this clause shall survive the payment in full of the Obligations and the termination of this Agreement.

Appears in 1 contract

Samples: Loan Agreement (GTJ REIT, Inc.)

Repayment of Participations. (i) At If, at any time after an L/C Issuer has made a payment under any Letter of Credit issued by it and has received from any Revolving Credit Lender such Lender’s L/C Advance in respect of such payment in accordance with Section 2.03(c), if the Administrative Agent receives for the account of such L/C Issuer any payment in respect of the related Unreimbursed Amount or interest thereon (whether directly from the Borrowers or otherwise, including proceeds of cash collateral Cash Collateral applied thereto by the Administrative Agent pursuant to Section 2.03(g)Agent), the Administrative Agent will distribute to such Lender its Applicable Percentage Pro Rata Share thereof (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Lender’s L/C Advance was outstanding) in the same funds as those received by the Administrative Agent. (ii) If any payment received by the Administrative Agent for the account of an L/C Issuer pursuant to Section 2.03(c)(i) is required to be returned under any of the circumstances described in Section 10.05 10.06 (including pursuant to any settlement entered into by such L/C Issuer in its discretion), each Revolving Credit Lender shall pay to the Administrative Agent for the account of such L/C Issuer its Applicable Percentage Pro Rata Share thereof on demand of the Administrative Agent, plus interest thereon from the date of such demand to the date such amount is returned by such Lender, at a rate per annum equal to the Federal Funds Rate from time to time in effect. The obligations of the Lenders under this clause shall survive the payment in full of the Obligations and the termination of this Agreement.

Appears in 1 contract

Samples: Abl Credit Agreement (Tribune Publishing Co)

Repayment of Participations. (i) At If, at any time after an L/C Issuer has made a payment under any Letter of Credit issued by it and has received from any Lender such Lender’s L/C Advance in respect of such payment in accordance with Section 2.03(c2.03(d)‎2.03(d), if the Administrative Agent receives for the account of such L/C Issuer any payment in respect of the related Unreimbursed Amount or interest thereon (whether directly from the Borrowers Borrower or otherwise, including proceeds of cash collateral Cash Collateral applied thereto by the Administrative Agent pursuant to Section 2.03(g)Agent), the Administrative Agent will distribute to such Lender its Applicable Percentage applicable Pro Rata Share thereof (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Lender’s L/C Advance was outstanding) in the same funds as those received by the Administrative Agent. (ii) If any payment received by the Administrative Agent for the account of an L/C Issuer pursuant to Section 2.03(c)(i2.03(d)(i)‎2.03(d)(i) is required to be returned under any of the circumstances described in Section 10.05 10.06‎10.06 (including pursuant to any settlement entered into by such L/C Issuer in its discretion), each Lender shall pay to the Administrative Agent for the account of such L/C Issuer its Applicable Percentage applicable Pro Rata Share thereof on demand of the Administrative Agent, plus interest thereon from the date of such demand to the date such amount is returned by such Lender, at a rate per annum equal to the Federal Funds Rate from time to time in effect. The obligations of the Lenders under this clause shall survive the payment in full of the Obligations and the termination of this Agreement.

Appears in 1 contract

Samples: Credit Agreement (EngageSmart, Inc.)

Repayment of Participations. (i) At any time after an either L/C Issuer has made a payment under any Letter of Credit and has received from any Lender such Lender’s L/C Advance in respect of such payment in accordance with Section 2.03(c2.04(c), if the Administrative applicable Agent receives for the account of such L/C Issuer any payment in respect of the related Unreimbursed Amount or interest thereon (whether directly from the Borrowers applicable Borrower or otherwise, including proceeds of cash collateral Cash Collateral applied thereto by the Administrative Agent pursuant to Section 2.03(g)applicable Agent), the Administrative applicable Agent will distribute to such Lender its Applicable Revolving Credit/Committed Loan Percentage thereof (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Lender’s L/C Advance was outstanding) in the same funds as those received by the Administrative Agent. (ii) If any payment received by the Administrative an Agent for the account of an a L/C Issuer pursuant to Section 2.03(c)(i2.04(c)(i) is required to be returned under any of the circumstances described in Section 10.05 (including pursuant to any settlement entered into by such L/C Issuer in its discretion), each Lender U.S. Lender, in the case of a U.S. Letter of Credit, and each Canadian Lender, in the case of a Canadian Letter of Credit, shall pay to the Administrative applicable Agent for the account of such the applicable L/C Issuer its Applicable Revolving Credit/Committed Loan Percentage thereof on demand of the Administrative such Agent, plus interest thereon from the date of such demand to the date such amount is returned by such Lender, at a rate per annum equal to the Federal Funds Rate or the Interbank Reference Rate, as applicable, from time to time in effect. The obligations of the Lenders under this clause shall survive the payment in full of the Obligations and the termination of this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Castle a M & Co)

Repayment of Participations. (i) At any time after an the L/C Issuer has made a payment under any Letter of Credit and has received from any Lender such Lender’s 's L/C Advance in respect of such payment in accordance with Section 2.03(c), if the Administrative Agent receives for the account --------------- of such the L/C Issuer any payment in respect of the related Unreimbursed Amount or interest thereon (whether directly from the Borrowers Borrower or otherwise, including proceeds of cash collateral applied thereto by the Administrative Agent pursuant to Section 2.03(g)Agent), the Administrative Agent will distribute to such Lender its Applicable Percentage thereof (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Lender’s 's L/C Advance was outstanding) in the same funds as those received by the Administrative Agent. (ii) If any payment received by the Administrative Agent for the account of an the L/C Issuer pursuant to Section 2.03(c)(i) is ------------------ required to be returned under any of the circumstances described in Section 10.05 11.05 (including pursuant to any settlement entered into by such ------------- the L/C Issuer in its discretion), each Lender shall pay to the Administrative Agent for the account of such the L/C Issuer its Applicable Percentage thereof on demand of the Administrative Agent, plus interest thereon from the date of such demand to the date such amount is returned by such Lender, at a rate per annum equal to the Federal Funds Rate from time to time in effect. The obligations of the Lenders under this clause shall survive the payment in full of the Obligations and the termination of this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Graybar Electric Co Inc)

Repayment of Participations. (i) At any time after an the L/C Issuer has made a payment under any Letter of Credit and has received from any Revolving Credit Lender such Revolving Credit Lender’s L/C Advance in respect of such payment in accordance with Section 2.03(c), if the Administrative Agent receives for the account of such the L/C Issuer any payment in respect of the related Unreimbursed Amount or interest thereon (whether directly from the Borrowers Borrower or otherwise, including proceeds of cash collateral Cash Collateral applied thereto by the Administrative Agent pursuant to Section 2.03(g)Agent), the Administrative Agent will distribute to CHL:83643.8 such Revolving Credit Lender its Applicable Revolving Credit Percentage thereof (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Lender’s L/C Advance was outstanding) in the same funds as those received by the Administrative Agent. (ii) If any payment received by the Administrative Agent for the account of an the L/C Issuer pursuant to Section 2.03(c)(i) is required to be returned under any of the circumstances described in Section 10.05 (including pursuant to any settlement entered into by such the L/C Issuer in its discretion), each Revolving Credit Lender shall pay to the Administrative Agent for the account of such the L/C Issuer its Applicable Revolving Credit Percentage thereof on demand of the Administrative Agent, plus interest thereon from the date of such demand to the date such amount is returned by such Revolving Credit Lender, at a rate per annum equal to the Federal Funds Rate from time to time in effect. The obligations of the Revolving Credit Lenders under this clause shall survive the payment in full of the Obligations and the termination of this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Heartland Payment Systems Inc)

Repayment of Participations. (ia) At If, at any time after an L/C Issuer Issuing Bank has made a payment under any Letter of Credit and has received from any Revolving Lender such Lender’s L/C Advance in respect of such payment in accordance with Section 2.03(c2.03(3), if the Administrative Agent receives for the account of such L/C Issuer Issuing Bank any payment in respect of the related Unreimbursed Amount or interest thereon (whether directly from the Borrowers Borrower or otherwise, including proceeds of cash collateral Cash Collateral applied thereto by the Administrative Agent pursuant to Section 2.03(g)Agent), the Administrative Agent will distribute to such Lender its Applicable Percentage thereof (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such LenderLxxxxx’s L/C Advance was outstanding) in the same funds as those amount received by the Administrative Agent. (iib) If any payment received by the Administrative Agent for the account of an L/C Issuer Issuing Bank pursuant to Section 2.03(c)(i2.03(3)(a) or Section 2.03(3)(b) is required to be returned under any of the circumstances described in Section 10.05 10.06 (including pursuant to any settlement entered into by such L/C Issuer Issuing Bank in its discretion), each Appropriate Lender shall pay to the Administrative Agent for the account of such L/C Issuer Issuing Bank its Applicable Percentage thereof on demand of the Administrative Agent, plus interest thereon from the date of such demand to the date such amount is returned by such Lender, at a rate per annum equal to the Federal Funds Overnight Rate from time to time in effect. The obligations Obligations of the Revolving Lenders under this clause Section 2.03(4)(b) shall survive the payment in full of the Obligations and the termination of this Agreement.

Appears in 1 contract

Samples: Credit Agreement (WideOpenWest, Inc.)

Repayment of Participations. (i) At any time after an the L/C Issuer has made a payment under any Letter of Credit and has received from any Lender such Lender’s 's L/C Advance in respect of such payment in accordance with Section 2.03(cSECTION 2.03(C), if the Administrative Agent receives for the account of such the L/C Issuer any payment in respect of the related Unreimbursed Amount or interest thereon (whether directly from the Borrowers Company, the applicable Borrower or otherwise, including proceeds of cash collateral Cash Collateral applied thereto by the Administrative Agent pursuant to Section 2.03(g)Agent), the Administrative Agent will distribute to such Lender its Applicable Percentage thereof (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Lender’s 's L/C Advance was outstanding) in the same funds as those received by the Administrative Agent. (ii) If any payment received by the Administrative Agent for the account of an the L/C Issuer pursuant to Section 2.03(c)(iSECTION 2.03(C)(I) is required to be returned under any of the circumstances described in Section SECTION 10.05 (including pursuant to any settlement entered into by such the L/C Issuer in its discretion), each Lender shall pay to the Administrative Agent for the account of such the L/C Issuer its Applicable Percentage thereof on demand of the Administrative Agent, plus interest thereon from the date of such demand to the date such amount is returned by such Lender, at a rate per annum equal to the Federal Funds Rate from time to time in effect. The obligations of the Lenders under this clause shall survive the payment in full of the Obligations and the termination of this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Pediatrix Medical Group Inc)

Repayment of Participations. (i) At any time after an L/C Issuer has made a payment under any Letter of Credit and has received from any Lender such Lender’s L/C Advance in respect of such payment in accordance with Section 2.03(c), if the Administrative Agent receives for the account of such the applicable L/C Issuer any payment in respect of the related Unreimbursed Amount or interest thereon (whether directly from the Borrowers Company or otherwise, including proceeds of cash collateral Cash Collateral applied thereto by the Administrative Agent pursuant to Section 2.03(g)Agent), the Administrative Agent will distribute to such Lender its Applicable Percentage thereof (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Lender’s L/C Advance was outstanding) in Dollars in the same funds as those received by the Administrative Agent. (ii) If any payment received by the Administrative Agent for the account of an the applicable L/C Issuer pursuant to Section 2.03(c)(i) is required to be returned under any of the circumstances described in Section 10.05 (including pursuant to any settlement entered into by such L/C Issuer in its discretion), each Lender shall pay to the Administrative Agent for the account of such the applicable L/C Issuer its Applicable Percentage thereof on demand of the Administrative Agent, plus interest thereon from the date of such demand to the date such amount is returned by such Lender, at a rate per annum equal to the Federal Funds applicable Overnight Rate from time to time in effect. The obligations of the Lenders under this clause (ii) shall survive the payment in full of the Obligations and the termination of this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Analog Devices Inc)

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