Common use of Repayment of Participations Clause in Contracts

Repayment of Participations. (i) If, at any time after an L/C Issuer under any Tranche has made a payment under any Letter of Credit issued by it and has received from any Revolving Credit Lender under such Tranche such Lender’s L/C Advance in respect of such payment in accordance with Section 2.03(d), 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), the Administrative Agent will distribute to such Lender its 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.

Appears in 6 contracts

Samples: Credit Agreement (Ortho Clinical Diagnostics Holdings PLC), Credit Agreement (Ortho Clinical Diagnostics Holdings PLC), Credit Agreement (Ortho Clinical Diagnostics Holdings PLC)

AutoNDA by SimpleDocs

Repayment of Participations. (i) If, at At any time after an the L/C Issuer under any Tranche has made a payment under any Letter of Credit issued by it or Bankers’ Acceptance and has received from any Revolving Credit Lender under such Tranche such Revolving Lender’s L/C - BA Advance in respect of such payment in accordance with Section 2.03(d2.04(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), the Administrative Agent will distribute to such Revolving Lender its Pro Rata Revolving Share thereof (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Revolving Lender’s L/C - BA Advance was outstanding) in the same funds as those received by the Administrative Agent.

Appears in 6 contracts

Samples: Credit Agreement (Mueller Water Products, Inc.), Credit Agreement (Mueller Group, Inc.), Credit Agreement (Walter Industries Inc /New/)

Repayment of Participations. (i) If, at any time after an L/C Issuer under any Tranche has made a payment under any Letter of Credit issued by it and has received from any Revolving Credit Lender under such Tranche such Lender’s L/C Advance in respect of such payment in accordance with Section 2.03(d2.03(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 applied thereto by the Administrative Agent), the Administrative Agent will distribute to such Lender its 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.

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) If, at At any time after an the L/C C-BA Issuer under any Tranche has made a payment under any Letter of Credit issued by it or Bankers’ Acceptance and has received from any Revolving Credit Lender under such Tranche such Revolving Lender’s L/C C-BA Advance in respect of such payment in accordance with Section 2.03(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 applied thereto by the Administrative Agent), the Administrative Agent will distribute to such Revolving Lender its Pro Rata Share 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.

Appears in 5 contracts

Samples: Credit Agreement (World Fuel Services Corp), Credit Agreement (World Fuel Services Corp), Fourth Amended and Restated Credit Agreement (World Fuel Services Corp)

Repayment of Participations. (i) If, at At any time after an the applicable L/C Issuer under any Tranche has made a payment under any Letter of Credit issued by it and has received from any Revolving Credit Lender under such Tranche such Revolving Lender’s L/C Advance in respect of such payment in accordance with Section 2.03(d2.03(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 Applicable Borrower or otherwise, including proceeds of Cash Collateral applied thereto by the Administrative Agent), the Administrative Agent will distribute to such Revolving Lender its Pro Rata Share thereof (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Revolving Lender’s L/C Advance was outstanding) in Dollars and in the same funds as those received by the Administrative Agent.

Appears in 4 contracts

Samples: Credit Agreement (Armstrong Flooring, Inc.), Credit Agreement (Armstrong World Industries Inc), Credit Agreement (Armstrong World Industries Inc)

Repayment of Participations. (i) If, at any time after an L/C Issuer under any Tranche has made a payment under any Letter of Credit issued by it and has received from any Revolving Credit Lender under such Tranche such Lender’s L/C Advance in respect of such payment in accordance with Section 2.03(d), 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), the Administrative Agent will distribute to such Lender its 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.

Appears in 4 contracts

Samples: Credit Agreement (Axalta Coating Systems Ltd.), Credit Agreement (Axalta Coating Systems Ltd.), Credit Agreement (Axalta Coating Systems Ltd.)

Repayment of Participations. (i) If, at At any time after an the L/C Issuer under any Tranche has made a payment under any Letter of Credit issued by it or Bankers’ Acceptance and has received from any Revolving Credit Lender under such Tranche such Revolving Lender’s L/C - BA Advance in respect of such payment in accordance with Section 2.03(d2.04(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), the Administrative Agent will distribute to such Revolving Lender its Pro Rata Revolving Share thereof in Dollars (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Revolving Lender’s L/C - BA Advance was outstanding) and in the same funds as those received by the Administrative Agent.

Appears in 4 contracts

Samples: Credit Agreement (Mueller Water Products, Inc.), Credit Agreement (Mueller Water Products, Inc.), Credit Agreement (Mueller Water Products, Inc.)

Repayment of Participations. (i) If, at At any time after any L/C Issuer has made an L/C Issuer under any Tranche has made a payment under any Letter of Credit issued by it Disbursement and has received from any Primary Revolving Credit Lender under such Tranche such Primary Revolving Lender’s L/C Advance in respect of such payment thereof in accordance with Section 2.03(d2.03(c), if the Administrative Agent receives for the account of such L/C Issuer any payment in respect of the related Unreimbursed Amount such L/C Disbursement or interest thereon (whether directly from the Borrowers Company or otherwise, including proceeds of Cash Collateral applied thereto by the Administrative Agent), the Administrative Agent will distribute to such Primary Revolving Lender its Pro Rata Share Applicable Primary Revolving Percentage thereof (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Primary Revolving Lender’s L/C Advance was outstanding) in the same currency and funds as those received by the Administrative Agent.

Appears in 3 contracts

Samples: Credit Agreement (Pulse Electronics Corp), Credit Agreement (Pulse Electronics Corp), Credit Agreement (Technitrol Inc)

Repayment of Participations. (i) If, at At any time after an a U.S. L/C Issuer under any Tranche has made a payment under any U.S. Letter of Credit issued by it and has received from any Revolving Credit Lender under such Tranche such Lender’s U.S. L/C Advance in respect of such payment in accordance with Section 2.03(d2.04(c), if the Administrative Agent receives for the account of such U.S. L/C Issuer any payment in respect of the related U.S. Unreimbursed Amount or interest thereon (whether directly from the Borrowers U.S. Borrower or otherwise, including proceeds of Cash Collateral applied thereto by the Administrative Agent), the Administrative Agent will distribute to such Lender its Pro Rata Share thereof (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Lender’s U.S. L/C Advance was outstanding) in the same funds as those received by the Administrative Agent.

Appears in 3 contracts

Samples: Credit Agreement (Devon Energy Corp/De), Credit Agreement (Devon Energy Corp/De), Credit Agreement (Devon Energy Corp/De)

Repayment of Participations. (i) If, at At any time after an L/C Issuer under any Tranche has made a payment under any Letter of Credit issued by it or Bankers’ Acceptance and has received from any Revolving Credit Lender under such Tranche such Revolving Lender’s L/C - BA Advance in respect of such payment in accordance with Section 2.03(d2.04(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 applied thereto by the Administrative Agent), the Administrative Agent will distribute to such Revolving Lender its Pro Rata Revolving Share thereof (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Revolving Lender’s L/C - BA Advance was outstanding) in the same funds as those received by the Administrative Agent.

Appears in 2 contracts

Samples: Credit Agreement (Walter Industries Inc /New/), Credit Agreement (Walter Industries Inc /New/)

Repayment of Participations. (i) If, at At any time after an L/C Issuer under any Tranche has made a payment under any Letter of Credit issued by it and has received from any Revolving Credit Lender under such Tranche such Revolving Lender’s 's L/C Advance in respect of such payment in accordance with Section 2.03(d2.04(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 applied thereto by the Administrative Agent), or any payment of interest thereon, the Administrative Agent will distribute to such Revolving Lender the amount of its Pro Rata Revolving Share 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.

Appears in 2 contracts

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

Repayment of Participations. (i) If, at At any time after an the L/C Issuer under any Tranche has made a payment under any Letter of Credit issued by it and has received from any Revolving Credit A Lender under such Tranche such Revolving A Lender’s L/C Advance in respect of such payment in accordance with Section 2.03(d2.03(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), the Administrative Agent will distribute to such Revolving A Lender its Pro Rata Share Applicable Revolving Credit Percentage thereof (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Revolving A Lender’s L/C Advance was outstanding) in Dollars and in the same funds as those received by the Administrative Agent.

Appears in 2 contracts

Samples: Credit and Guaranty Agreement (ModivCare Inc), Credit and Guaranty Agreement (Providence Service Corp)

Repayment of Participations. (i) If, at any time after an thean L/C Issuer under any Tranche of a particular Class has made a payment under any Letter of Credit issued by it of such Class and has received from any Revolving Credit Lender under of such Tranche Class, such Lender’s applicable L/C Advance in respect of such payment in accordance with Section 2.03(d2.03(c), the Administrative Agent receives for the account of such thesuch 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), the Administrative Agent will distribute to such Lender its 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.

Appears in 2 contracts

Samples: Credit Agreement (ClubCorp Holdings, Inc.), Credit Agreement (ClubCorp Club Operations, Inc.)

Repayment of Participations. (i) If, at At any time after an L/C Issuer under any Tranche Fronting Bank has made a payment under any Participated Letter of Credit issued by it (or Syndicated Letter of Credit in the case of a Non-NAIC Lender) and has received from any Revolving Credit Lender under such Tranche such Lender’s L/C Advance in respect of such payment in accordance with Section 2.03(d3.2(f), if the Administrative Agent receives for the account of such L/C Issuer Fronting Bank any payment in respect of the related Unreimbursed Amount unpaid L/C Disbursement or interest thereon (whether directly from the Borrowers applicable Account Party or otherwise, including proceeds of Cash Collateral applied thereto by the Administrative Agent), the Administrative Agent will distribute to such Lender its Pro Rata Ratable 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.

Appears in 2 contracts

Samples: Credit Agreement (Platinum Underwriters Holdings LTD), Credit Agreement (Platinum Underwriters Holdings LTD)

Repayment of Participations. (i) If, at At any time after an the applicable L/C Issuer under any Tranche has made a payment under any Letter of Credit issued by it and has received from any Domestic Revolving Credit Lender under such Tranche such Domestic Revolving Lender’s L/C Advance in respect of such payment in accordance with Section 2.03(d2.03(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 in Dollars (whether directly from the Borrowers PRA or otherwise, including proceeds of Cash Collateral applied thereto by the Administrative Agent), the Administrative Agent will distribute to such Lender its Pro Rata Share Applicable Percentage thereof (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Domestic Revolving Lender’s L/C Advance was outstanding) in the same funds as those received by the Administrative Agent.

Appears in 2 contracts

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

Repayment of Participations. (i) If, at any time after an L/C Issuer under any Tranche has made a payment under any Letter of Credit issued by it and has received from any Revolving Credit Lender under such Tranche such Lender’s L/C Advance in respect of such payment in accordance with Section 2.03(d2.03(c), the Revolver 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 Revolver Administrative Agent), the Revolver Administrative Agent will distribute to such Lender its 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 Revolver Administrative Agent.

Appears in 2 contracts

Samples: Credit Agreement (Halyard Health, Inc.), Credit Agreement (Halyard Health, Inc.)

Repayment of Participations. (i) If, at At any time after an L/C Issuer under any Tranche has made a payment under any Letter of Credit issued by it and has received from any Revolving Credit Lender under such Tranche such Revolving Lender’s L/C Advance in respect of such payment in accordance with Section 2.03(d2.03(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 AgentAgent pursuant to Section 2.03(g)), the Administrative Agent will distribute to such Revolving Lender its Pro Rata Share 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.

Appears in 2 contracts

Samples: Asset Based Revolving Credit Agreement (Albertsons Companies, Inc.), Asset Based Revolving Credit Agreement (Albertsons Companies, Inc.)

Repayment of Participations. (i) If, at At any time after an the L/C Issuer under any Tranche has made a payment under any Letter of Credit issued by it and has received from any Domestic Revolving Credit A Lender under such Tranche such Domestic Revolving A Lender’s L/C Advance in respect of such payment in accordance with Section 2.03(d2.03(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 in Dollars (whether directly from the Borrowers PRA or otherwise, including proceeds of Cash Collateral applied thereto by the Administrative Agent), the Administrative Agent will distribute to such Lender its Pro Rata Share Applicable Percentage thereof (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Domestic Revolving A Lender’s L/C Advance was outstanding) in the same funds as those received by the Administrative Agent.

Appears in 2 contracts

Samples: Credit Agreement (Pra Group Inc), Credit Agreement (Portfolio Recovery Associates Inc)

Repayment of Participations. (i) If, at At any time after an L/C Issuer under any Tranche has made a payment under any Letter of Credit issued by it and has received from any Revolving Credit Lender under such Tranche such Revolving Credit Lender’s L/C Advance in respect of such payment in accordance with Section 2.03(d2.03(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), the Administrative Agent will distribute to such Revolving Credit Lender its Pro Rata Share 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.

Appears in 2 contracts

Samples: Senior Secured Credit Agreement (Aimco Properties L.P.), Senior Secured Credit Agreement (Aimco Properties L.P.)

Repayment of Participations. (i) If, at At any time after an the applicable L/C Issuer under any Tranche has made a payment under any Letter of Credit issued by it and has received from any Revolving Credit Lender under such Tranche such Revolving Lender’s L/C Advance in respect of such payment in accordance with Section 2.03(d2.03(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 applied thereto by the Administrative Agent), the Administrative Agent will distribute to such Revolving Lender its Pro Rata Share Revolving 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 was outstanding) in Dollars and in the same type of funds as those received by the Administrative Agent.

Appears in 2 contracts

Samples: Year Credit Agreement (Directv), Credit Agreement (Directv Holdings LLC)

Repayment of Participations. (i) If, at At any time after an any Revolving L/C Issuer under any Tranche has made a payment under any Revolving Letter of Credit issued by it and has received from any Revolving Credit Lender under such Tranche such Revolving Credit Lender’s Revolving L/C Advance in respect of such payment in accordance with Section 2.03(d2.3(c), if the Administrative Agent receives for the account of such Revolving 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), the Administrative Agent will distribute to such Revolving Credit Lender its Pro Rata Share thereof (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Revolving Credit Lender’s Revolving L/C Advance was outstanding) in the same funds as those received by the Administrative Agent.

Appears in 2 contracts

Samples: Credit and Guaranty Agreement (Reliant Energy Inc), Credit and Guaranty Agreement (Reliant Energy Inc)

Repayment of Participations. (i) If, at At any time after an the applicable L/C Issuer under any Tranche has made a payment under any Letter of Credit issued by it and has received from any Revolving Credit Lender under such Tranche such Revolving Lender’s 's L/C Advance in respect of such payment in accordance with Section 2.03(dSECTION 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), the Administrative Agent will distribute to such Revolving Lender its Pro Rata Share thereof (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Revolving Lender’s 's L/C Advance was outstanding) in the same funds as those received by the Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement (Medianews Group Inc)

Repayment of Participations. (i) If, at any time after an L/C Issuer under any Tranche has made a payment under any Letter of Credit issued by it and has received from any Revolving Credit Lender under such Tranche such Lender’s L/C Advance in respect of such payment in accordance with Section 2.03(d2.03(c), 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), #4865-3972-4350v17 the Administrative Agent will distribute to such Lender its Pro Rata Share thereof or other applicable share provided for under this Agreement hereof (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.

Appears in 1 contract

Samples: Credit Agreement (Sterling Check Corp.)

Repayment of Participations. (i) If, at any time after an L/C Issuer under any Tranche Issuing Bank has made a payment under any Letter of Credit issued by it and has received from any Participating Revolving Credit Lender under such Tranche such Lender’s L/C Advance in respect of such payment in accordance with Section 2.03(d2.03(c), the Administrative Agent receives for the account of such L/C Issuer Issuing Bank any payment in respect of the related Unreimbursed Amount or NAI-1537228099v31537241654v2 interest thereon (whether directly from the Borrowers or otherwise, including proceeds of Cash Collateral applied thereto by the Administrative Agent), the Administrative Agent will distribute to such Lender its Pro Rata Share or other applicable share provided for under this Agreement 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.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Priority Technology Holdings, Inc.)

AutoNDA by SimpleDocs

Repayment of Participations. (i) If, at any time after an L/C Issuer under any Revolving Tranche has made a payment under any Letter of Credit issued by it and has received from any Revolving Credit Lender under such Tranche such Lender’s L/C Advance in respect of such payment in accordance with Section 2.03(d2.03(c), 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), the Administrative Agent will distribute to such Lender its 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.

Appears in 1 contract

Samples: First Lien Credit Agreement (Pivotal Acquisition Corp)

Repayment of Participations. (i%3) If, at any time after an L/C Issuer under any Tranche has made a payment under any Letter of Credit issued by it and has received from any Revolving Credit Lender under such Tranche such Lender’s L/C Advance in respect of such payment in accordance with Section 2.03(d), 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), the Administrative Agent will distribute to such Lender its 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.

Appears in 1 contract

Samples: Credit Agreement (Axalta Coating Systems Ltd.)

Repayment of Participations. (i) If, at any time after an L/C Issuer under any Tranche has made a payment under any Letter of Credit issued by it and has received from any Revolving Credit Lender under such Tranche such Revolving Credit Lender’s funding of its L/C Advance in respect of such payment in accordance with Section 2.03(d2.03(c), 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), the Administrative Agent will distribute to such Lender its Pro Rata Share thereof or other applicable share provided for under this Agreement hereof (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.

Appears in 1 contract

Samples: Credit Agreement (Apria, Inc.)

Repayment of Participations. (i) If, at At any time after an the L/C Issuer under any Tranche has made a payment under any Letter of Credit issued by it or Bankers’ Acceptance and has received from any Revolving Credit Lender under such Tranche such Revolving Lender’s L/C C—BA Advance in respect of such payment in accordance with Section 2.03(d2.04(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), the Administrative Agent will distribute to such Revolving Lender its Pro Rata Revolving Share thereof in Dollars (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Revolving Lender’s L/C C—BA Advance was outstanding) and in the same funds as those received by the Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement (Mueller Water Products, Inc.)

Repayment of Participations. (i) If, at At any time after an L/C Issuer under any Tranche Issuing Lender has made a payment under any Letter of Credit issued by it and has received from any Revolving Credit Lender under such Tranche such Revolving Lender’s 's L/C Advance in respect of such payment in accordance with Section 2.03(d2.4(c), if the Administrative Agent receives for the account of such L/C Issuer that Issuing Lender any payment in respect of the related Unreimbursed Amount or interest thereon (whether directly from Borrower, or the Borrowers relevant Co-Borrower or otherwise, including proceeds of Cash Collateral applied thereto by the Administrative Agent), the Administrative Agent will distribute to such Revolving Lender its Pro Rata Share thereof (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Revolving Lender’s 's L/C Advance was outstanding) in Dollars and in the same funds as those received by the Administrative Agent.

Appears in 1 contract

Samples: Loan Agreement (MGM Mirage)

Repayment of Participations. (i) If, at At any time after an the L/C Issuer under any Tranche has made a payment under any Letter of Credit issued by it and has received from any Revolving Credit Lender under such Tranche such Revolving Lender’s 's L/C Advance in respect of such payment in accordance with Section 2.03(d2.04(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 SEI, any other applicable Borrower or otherwise, including proceeds of Cash Collateral applied thereto by the Administrative Agent), the Administrative Agent will distribute to such Revolving Lender its Pro Rata Share Applicable Revolving Percentage thereof (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Revolving Lender’s 's L/C Advance was outstanding) in the same funds as those received by the Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement (Stewart Enterprises Inc)

Repayment of Participations. (i) If, at At any time after an L/C Issuer under any Tranche Issuing Lender has made a payment under any Letter of Credit issued by it and has received from any Revolving Credit Lender under such Tranche such Revolving Lender’s 's L/C Advance in respect of such payment in accordance with Section 2.03(d2.4(c), if the Administrative Agent receives for the account of such L/C Issuer that Issuing Lender any payment in respect of the related Unreimbursed Amount or interest thereon (whether directly from Borrower, or the Borrowers relevant Co-Borrower or otherwise, including proceeds of Cash Collateral cash collateral applied thereto by the Administrative Agent), the Administrative Agent will distribute to such Revolving Lender its Pro Rata Share thereof (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Revolving Lender’s 's L/C Advance was outstanding) in the same funds as those received by the Administrative Agent.

Appears in 1 contract

Samples: Loan Agreement (MGM Mirage)

Repayment of Participations. (i) If, at any time after an L/C Issuer under any Tranche has made a payment under any Letter of Credit issued (or arranged) by it and has received from any Revolving Credit Lender under such Tranche such Lender’s L/C Advance in respect of such payment in accordance with Section 2.03(d), 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), the Administrative Agent will distribute to such Lender its 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.

Appears in 1 contract

Samples: Credit Agreement (KLDiscovery Inc.)

Repayment of Participations. (i) If, at any time after an L/C Issuer under any Tranche has made a payment under any Letter of Credit issued (or arranged) by it and has received from any Revolving Credit Lender under such Tranche such Lender’s L/C Advance in respect of such payment in accordance with Section 2.03(d), 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), the Administrative Agent will distribute to such Lender its 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.

Appears in 1 contract

Samples: Credit Agreement (KLDiscovery Inc.)

Repayment of Participations. (i1) If, at At any time after an L/C Issuer under any Tranche the Issuing Lender has made a payment under any Letter of Credit issued by it and has received from any Revolving Credit Lender under such Tranche such Revolving Lender’s 's L/C Advance in respect of such payment in accordance with Section 2.03(d2.4(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 Borrower, or the Borrowers relevant Co-Borrower or otherwise, including proceeds of Cash Collateral cash collateral applied thereto by the Administrative Agent), the Administrative Agent will distribute to such Revolving Lender its Pro Rata Share thereof (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Revolving Lender’s 's L/C Advance was outstanding) in the same funds as those received by the Administrative Agent.

Appears in 1 contract

Samples: Loan Agreement (MGM Mirage)

Repayment of Participations. (iA) If, at any time after an L/C Issuer under any Tranche has made a payment under any Letter of Credit issued by it and has received from any Revolving Credit Lender under such Tranche such Lender’s L/C Advance in respect of such payment in accordance with Section 2.03(d), 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), the Administrative Agent will distribute to such Lender its 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.

Appears in 1 contract

Samples: Credit Agreement (Axalta Coating Systems Ltd.)

Repayment of Participations. (i) If, at At any time after an L/C Issuer under any Tranche Issuing Bank has made a payment under any Letter of Credit issued by it and has received from any Revolving Credit Lender under such Tranche such Revolving Credit Lender’s L/C Letter of Credit Advance in respect of such payment in accordance with Section 2.03(d2.03(c), if the Administrative Agent receives for the account of such L/C Issuer the applicable Issuing Bank any payment in respect of the related Unreimbursed Amount or interest thereon (whether directly from the Borrowers Applicableapplicable Borrower or otherwise, including proceeds of Cash Collateral cash collateral applied thereto by the Administrative Agent), the Administrative Agent will distribute to such Revolving Credit Lender its Pro Rata Share thereof (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Revolving Credit Lender’s L/C Letter of Credit Advance was outstanding) in the same funds as those received by the Administrative Agent.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Dana Inc)

Repayment of Participations. (i) If, at At any time after an any L/C Issuer under any Tranche has made a payment under any Letter of Credit issued by it and has received from any Revolving Credit Loan Lender under such Tranche such Revolving Loan Lender’s L/C Advance in respect of such payment in accordance with Section 2.03(d2.03(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 applied thereto by the Administrative Agent), the Administrative Agent will distribute to such Revolving Loan Lender its Pro Rata Share Applicable Revolving Loan Percentage thereof (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Revolving Loan Lender’s L/C Advance was outstanding) in Dollars and in the same funds as those received by the Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement (Georgia Pacific Corp)

Repayment of Participations. (i) If, at At any time after an L/C Issuer under any Tranche Issuing Bank has made a payment under any Letter of Credit issued by it and has received from any Revolving Credit Lender under such Tranche such Revolving Lender’s L/C Advance in respect of such payment in accordance with Section 2.03(d2.05(c), if the Revolving 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 any Borrower or otherwise, including proceeds of Cash Collateral applied thereto by the Revolving Administrative Agent), the Revolving Administrative Agent will distribute promptly to such Revolving Lender its Pro Rata Share 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 Revolving Administrative Agent.

Appears in 1 contract

Samples: Patent Security Agreement (Dole PLC)

Repayment of Participations. (i) If, at At any time after an the L/C Issuer under any Tranche has made a payment under any Letter of Credit issued by it and has received from any Revolving Credit Lender under such Tranche such Lender’s 's L/C Advance in respect of such payment in accordance with Section 2.03(d2.03(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 Mettler-Toledo International, the Borrowers or otherwiseApplicable Borrower xx xxxxxxxxx, including proceeds of Cash Collateral applied thereto by the Administrative Agent), the Administrative Agent will distribute to such Lender its Pro Rata Share 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 Dollars and in the same funds as those received by the Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement (Mettler Toledo International Inc/)

Time is Money Join Law Insider Premium to draft better contracts faster.