Common use of Revolving Borrowing Clause in Contracts

Revolving Borrowing. If the Company fails to make such payment when due, the Administrative Agent shall notify each U.S. Lender of the applicable LC Disbursement, the payment then due from the Company in respect thereof and such U.S. Lender's Applicable Percentage thereof. Promptly following receipt of such notice, each U.S. Lender shall pay to the Administrative Agent its Applicable Percentage of the payment then due from the Company, in the same manner as provided in Section 2.05 with respect to Loans made by such U.S. Lender (and Section 2.05 shall apply, mutatis mutandis, to the payment obligations of the U.S. Lenders), and the Administrative Agent shall promptly pay to the Issuing Bank the amounts so received by it from the U.S. Lenders. Promptly following receipt by the Administrative Agent of any payment from the Company pursuant to this paragraph, the Administrative Agent shall distribute such payment to the Issuing Bank or, to the extent that U.S. Lenders have made payments pursuant to this paragraph to reimburse the Issuing Bank, then to such U.S. Lenders and the Issuing Bank as their interests may appear. Any payment made by a U.S. Lender pursuant to this paragraph to reimburse the Issuing Bank for any LC Disbursement (other than the funding of ABR U.S. Revolving Loans as contemplated above) shall not constitute a Loan and shall not relieve the Company of its obligation to reimburse such LC Disbursement.

Revolving Borrowing. If the Company Borrower fails to make such payment when due, the Administrative Agent shall notify each U.S. Lender of the applicable LC Disbursement, the payment then due from the Company Borrower in respect thereof and such U.S. Lender's ’s Applicable Percentage thereof. Promptly following receipt of such notice, each U.S. Lender shall pay in Dollars to the Administrative Agent its Applicable Percentage of the payment then due from the CompanyBorrower, in the same manner as provided in Section 2.05 2.07 with respect to Loans made by such U.S. Lender (and Section 2.05 2.07 shall apply, mutatis mutandis, to the payment obligations of the U.S. Lenders), and the Administrative Agent shall promptly pay to the Issuing Bank the amounts so received by it from the U.S. Lenders. Promptly following receipt by the Administrative Agent of any payment from the Company Borrower pursuant to this paragraph, the Administrative Agent shall distribute such payment to the Issuing Bank or, to the extent that U.S. Lenders have made payments pursuant to this paragraph to reimburse the Issuing Bank, then to such U.S. Lenders and the Issuing Bank as their interests may appear. Any payment made by a U.S. Lender pursuant to this paragraph to reimburse the Issuing Bank for any LC Disbursement (other than the funding of ABR U.S. Revolving Loans as contemplated above) shall not constitute a Loan and shall not relieve the Company Borrower of its obligation to reimburse such LC Disbursement.

Revolving Borrowing. If the Company Borrower fails to make such payment when due, the Administrative Agent shall notify each U.S. Lender of the applicable LC Disbursement, the payment then due from the Company Borrower in respect thereof and such U.S. Lender's Applicable Percentage thereof. Promptly following receipt of such notice, each U.S. Lender shall pay to the Administrative Agent its Applicable Percentage of the payment then due from the CompanyBorrower, in the same manner as provided in Section 2.05 2.07 with respect to Loans made by such U.S. Lender (and Section 2.05 2.07 shall apply, mutatis mutandis, to the payment obligations of the U.S. Lenders), and the Administrative Agent shall promptly pay to the Issuing Bank the amounts so received by it from the U.S. Lenders. Promptly following receipt by the Administrative Agent of any payment from the Company Borrower pursuant to this paragraph, the Administrative Agent shall distribute such payment to the Issuing Bank or, to the extent that U.S. Lenders have made payments pursuant to this paragraph to reimburse the Issuing Bank, then to such U.S. Lenders and the Issuing Bank as their interests may appear. Any payment made by a U.S. Lender pursuant to this paragraph to reimburse the Issuing Bank for any LC Disbursement (other than the funding of ABR U.S. Revolving Loans as contemplated above) shall not constitute a Loan and shall not relieve the Company Borrower of its obligation to reimburse such LC Disbursement.