Common use of Repayment with Loans Clause in Contracts

Repayment with Loans. On any day on which a Borrower shall have requested, or been deemed to have requested, a Revolving Loan to reimburse a drawing under a Letter of Credit, the Administrative Agent shall give notice to the Lenders that a Revolving Loan has been requested or deemed requested by the applicable Borrower to be made in connection with a drawing under a Letter of Credit, in which case a Revolving Loan shall be immediately made to the applicable Borrower by all Revolving Loan Lenders in accordance with their Pro Rata Shares (after giving effect to the last sentence of Section 2.2.C) and the proceeds thereof shall be paid directly to the Issuing Bank for application to the respective Letter of Credit Obligations. Each such Revolving Loan Lender hereby irrevocably agrees to make its Pro Rata Share (after giving effect to the last sentence of Section 2.2.C) of each such Revolving Loan immediately upon any such request or deemed request in the amount, in the manner and on the date specified in the preceding sentence notwithstanding (i) whether any conditions specified in Section 3.2 are then satisfied, (ii) whether a Potential Event of Default or an Event of Default then exists, (iii) the failure for any such request or deemed request for Revolving Loans to be made by the time otherwise required hereunder, (iv) whether the date of such borrowing is a date on which Revolving Loans are otherwise permitted to be made hereunder or (v) any termination of the Commitments relating thereto immediately prior to or contemporaneously with such borrowing.

Repayment with Loans. On any day on which a the Borrower shall have requested, or been deemed to have requested, a Revolving Loan to reimburse a drawing under a Letter of Credit, the Administrative Agent shall give notice to the Revolving Loan Lenders that a Revolving Loan has been requested or deemed requested by the applicable Borrower to be made in connection with a drawing under a Letter of Credit, in which case a Revolving Loan comprised of ABR Loans (or LIBOR Rate Loans to the extent the Borrower has complied with the procedures of Section 2.1.B with respect thereto) shall be immediately made to the applicable Borrower by all Revolving Loan Lenders in accordance with their Pro Rata Shares (after giving effect to the last sentence of Section 2.2.C) and the proceeds thereof shall be paid directly to the Issuing Bank for application to the respective Letter of Credit Obligations. Each such Revolving Loan Lender hereby irrevocably agrees to make its Pro Rata Share (after giving effect to the last sentence of Section 2.2.C) of each such Revolving Loan immediately upon any such request or deemed request in the amount, in the manner and on the date specified in the preceding sentence notwithstanding (i) the amount of such borrowing may not comply with the minimum amount for advances of Loans otherwise required hereunder, (ii) whether any conditions specified in Section 3.2 are then satisfied, (iiiii) whether a Potential Event of Default or an Event of Default then exists, (iiiiv) the failure for any such request or deemed request for Revolving Loans to be made by the time otherwise required hereunder, (ivv) whether the date of such borrowing is a date on which Revolving Loans are otherwise permitted to be made hereunder or (vvi) any termination of the Commitments relating thereto immediately prior to or contemporaneously with such borrowing.

Repayment with Loans. On any day on which a Borrower shall have requested, or been deemed to have requested, a Revolving Loan to reimburse a drawing under a Letter of Credit, the Administrative Agent shall give notice to the Lenders that a Revolving Loan has been requested or deemed requested by the applicable Borrower to be made in connection with a drawing under a Letter of Credit, in which case a Revolving Loan comprised of Base Rate Loans (or Eurodollar Loans to the extent the applicable Borrower has complied with the procedures of Section 2.1.C. with respect thereto) shall be immediately made to the applicable Borrower by all Revolving Loan Lenders in accordance with their Pro Rata Shares (after giving effect to the second to last sentence of Section 2.2.C) and the proceeds thereof shall be paid directly to the Issuing Bank for application to the respective Letter of Credit Obligations. Each such Revolving Loan Lender hereby irrevocably agrees to make its Pro Rata Share (after giving effect to the second to last sentence of Section 2.2.C) of each such Revolving Loan immediately upon any such request or deemed request in the amount, in the manner and on the date specified in the preceding sentence notwithstanding (i) that the amount of such borrowing may not comply with the minimum amount for advances of Revolving Loans otherwise required hereunder, (ii) whether any conditions specified in Section 3.2 are then satisfied, (iiiii) whether a Potential Event of Default or an Event of Default then exists, (iiiiv) the failure for any such request or deemed request for Revolving Loans to be made by the time otherwise required hereunder, (ivv) whether the date of such borrowing is a date on which Revolving Loans are otherwise permitted to be made hereunder or (vvi) any termination of the Commitments relating thereto immediately prior to or contemporaneously with such borrowing.

Repayment with Loans. On any day on which a Borrower shall have requested, or been deemed to have requested, a Revolving Loan to reimburse a drawing under a Letter of Credit, the Administrative Agent shall give notice to the Lenders that a Revolving Loan has been requested or deemed requested by the applicable Borrower to be made in connection with a drawing under a Letter of Credit, in which case a Revolving Loan comprised of Base Rate Loans (or Eurodollar Loans to the extent the applicable Borrower has complied with the procedures of Section 2.1.C. with respect thereto) shall be immediately made to ------------- the applicable Borrower by all Revolving Loan Lenders in accordance with their Pro Rata Shares (after giving effect to the last sentence of Section 2.2.C) and the proceeds thereof shall be paid directly to the Issuing Bank for application to the respective Letter of Credit Obligations. Each such Revolving Loan Lender hereby irrevocably agrees to make its Pro Rata Share (after giving effect to the last sentence of Section 2.2.C) of each such Revolving Loan immediately upon any such request or deemed request in the amount, in the manner and on the date specified in the preceding sentence notwithstanding (i) that the amount of such borrowing may not comply with the minimum amount for advances of Revolving Loans otherwise required hereunder, (ii) whether any conditions specified in Section 3.2 are then satisfied, (iiiii) ----------- whether a Potential Event of Default or an Event of Default then exists, (iiiiv) the failure for any such request or deemed request for Revolving Loans to be made by the time otherwise required hereunder, (ivv) whether the date of such borrowing is a date on which Revolving Loans are otherwise permitted to be made hereunder or (vvi) any termination of the Commitments relating thereto immediately prior to or contemporaneously with such borrowing.