Common use of Risk Participations, Drawings and Reimbursements Clause in Contracts

Risk Participations, Drawings and Reimbursements. (a) Immediately upon the Issuance of a Letter of Credit by an Issuer, each Revolving Lender shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from such Issuer a participation in such Letter of Credit and each drawing thereunder in an amount equal to the product of (i) the Revolving Percentage of such Revolving Lender, times (ii) the maximum amount available to be drawn under such Letter of Credit and the amount of such drawing, respectively. For purposes of Section 2.01, each Issuance of a Letter of Credit shall be deemed to utilize the Revolving Commitment of each Revolving Lender by an amount equal to the amount of such participation.

Appears in 5 contracts

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

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Risk Participations, Drawings and Reimbursements. (a) Immediately upon the Issuance of a Letter of Credit by an Issuer, each Revolving Lender shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from such Issuer a participation in such Letter of Credit and each drawing thereunder in an amount equal to the product of (i) the Revolving Percentage of such Revolving Lender, times (ii) the Dollar Equivalent of the maximum amount available to be drawn under such Letter of Credit and the amount of such drawing, respectively. For purposes of Section 2.01, each Issuance of a Letter of Credit shall be deemed to utilize the Revolving Commitment of each Revolving Lender by an amount equal to the amount of such participation.

Appears in 4 contracts

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

Risk Participations, Drawings and Reimbursements. (a) Immediately upon the Issuance of a each Letter of Credit by an IssuerCredit, each Revolving Lender shall be deemed to, and the Acquisition Loan Lenders hereby irrevocably and unconditionally agrees agree to, and hereby, purchase from such Issuer a the Issuing Bank participation interests in such Letter Letters of Credit and each drawing thereunder thereunder, ratably in an amount amounts equal to the product of (i) the Revolving Percentage each such Lender’s Pro Rata Share of such Revolving LenderAcquisition Loan Commitments, times and (ii) the maximum amount available to be drawn under such Letter of Credit and the amount of such drawing, drawing respectively. For purposes of Section 2.01, each Each Issuance of a Letter of Credit shall be deemed to utilize the Revolving Acquisition Loan Commitment of each Revolving Acquisition Loan Lender by an amount equal to the amount of such participationparticipation (including for the purpose of calculating fees payable pursuant to Section 5.4).

Appears in 4 contracts

Samples: Revolving Credit Agreement (Group 1 Automotive Inc), Revolving Credit Agreement (Group 1 Automotive Inc), Revolving Credit Agreement (Group 1 Automotive Inc)

Risk Participations, Drawings and Reimbursements. (a) Immediately upon the Issuance of a each Letter of Credit by an IssuerCredit, each Revolving Lender shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from such the Issuer a participation in such Letter of Credit and each drawing thereunder in an amount equal to the product of (i) the Pro Rata Revolving Percentage Share of such Revolving Lender, times (ii) the Dollar Equivalent of the maximum amount available to be drawn under such Letter of Credit and the amount of such drawing, respectively. For purposes of Section 2.01subsection 2.01(d), each Issuance of a Letter of Credit shall be deemed to utilize the Revolving Loan Commitment of each Revolving Lender by an amount equal to the amount of such participation.

Appears in 3 contracts

Samples: Credit Agreement (Oshkosh Truck Corp), Credit Agreement (Oshkosh Truck Corp), Credit Agreement (Oshkosh Truck Corp)

Risk Participations, Drawings and Reimbursements. (a) Immediately upon the Issuance of a each Letter of Credit by (or, in the case of an IssuerExisting Letter of Credit, on the Effective Date), each Revolving Lender shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from such the applicable Issuer a participation in such Letter of Credit and each drawing thereunder in an amount equal to the product of (i) the Revolving Percentage Pro Rata Share of such Revolving Lender, times (ii) the maximum amount available to be drawn under such Letter of Credit and the amount of such drawing, respectively. For purposes of Section 2.01, each Issuance of a Letter of Credit shall be deemed to utilize the Revolving Commitment of each Revolving Lender by an amount equal to the amount of such participation.

Appears in 3 contracts

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

Risk Participations, Drawings and Reimbursements. (a) Immediately upon the Issuance of a each Letter of Credit by an IssuerCredit, each Revolving Lender shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from such the L/C Issuer a participation in such Letter of Credit and each drawing thereunder in an amount equal to the product of (i) the Revolving Percentage Proportionate Share of such Revolving Lender, times (ii) the maximum amount available to be drawn under such Letter of Credit and the amount of such drawing, respectively. For purposes of Section 2.01, each Each Issuance of a Letter of Credit shall be deemed to utilize the Revolving Commitment of each Revolving Lender by an amount equal to the amount of such participation.

Appears in 2 contracts

Samples: Credit Agreement (Building Materials Holding Corp), Credit Agreement (Building Materials Holding Corp)

Risk Participations, Drawings and Reimbursements. (a) Immediately upon the Issuance of a each Letter of Credit by an Issueron or after the Closing Date, each Revolving Loan Lender shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from such Issuer the applicable Issuing Lender a participation in such Letter of Credit and each drawing thereunder in an amount equal to the product of (i) the Revolving Percentage of such Revolving Loan Lender, ’s Pro Rata Share times (ii) the maximum amount available to be drawn under such Letter of Credit and the amount of such drawing, respectively. For purposes of Section 2.01, each Issuance of a Letter of Credit shall be deemed to utilize the Revolving Loan Commitment of each Revolving Loan Lender by an amount equal to the amount of such participation.

Appears in 2 contracts

Samples: Credit Agreement (Snyder's-Lance, Inc.), Credit Agreement (Snyder's-Lance, Inc.)

Risk Participations, Drawings and Reimbursements. (a) Immediately upon the Issuance of a each Letter of Credit by an IssuerCredit, each Revolving Lender shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from such Issuer the Issuing Bank a participation in such Letter of Credit and each drawing thereunder in an amount equal to the product of (i) the Revolving Percentage Pro Rata Share of such Revolving Lender, times (ii) the maximum amount available to be drawn under such Letter of Credit and the amount of such drawing, respectively. For purposes of Section 2.012.10(b), each Issuance of a Letter of Credit shall be deemed to utilize the Revolving Commitment of each Revolving Lender by an amount equal to the amount of such participation.

Appears in 2 contracts

Samples: Credit Agreement (Century Business Services Inc), Credit Agreement (CBIZ, Inc.)

Risk Participations, Drawings and Reimbursements. (a) Immediately upon the Issuance of a each Letter of Credit by an IssuerCredit, each Revolving Lender shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from such Issuer each Issuing Lender a participation in such Letter of Credit and each drawing thereunder in an amount equal to the product of (i) the Revolving Percentage Pro Rata Share of such Revolving Lender, times (ii) the maximum amount available to be drawn under such Letter of Credit and the amount of such drawing, respectively. For purposes of Section 2.012.01(a), each Issuance of a Letter of Credit shall be deemed to utilize the Revolving Commitment of each Revolving Lender by an amount equal to the amount of such participation.

Appears in 2 contracts

Samples: Credit Agreement (Aecom Technology Corp), Credit Agreement (Aecom Technology Corp)

Risk Participations, Drawings and Reimbursements. (a) Immediately upon the Issuance of a each Letter of Credit by an IssuerCredit, each Revolving Credit Lender shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from such Issuer the Issuing Bank a participation in such Letter of Credit and each drawing thereunder in an amount equal to the product of (i) the Revolving Percentage Credit Pro Rata Share of such Revolving Credit Lender, times multiplied by (ii) the maximum amount available to be drawn under such Letter of Credit and the amount of such drawing, respectively. For purposes of Section 2.012.1, each Issuance of a Letter of Credit shall be deemed to utilize the Revolving Credit Commitment of each Revolving Credit Lender by an amount equal to the amount of such participation.

Appears in 1 contract

Samples: Credit Agreement (Sather Trucking Corp)

Risk Participations, Drawings and Reimbursements. (axii) Immediately upon the Issuance of a each Letter of Credit by an IssuerCredit, each Revolving Lender shall be deemed to, and Table of Contents hereby irrevocably and unconditionally agrees to, purchase from such the L/C Issuer a participation in such Letter of Credit and each drawing thereunder in an amount equal to the product of (i) the Revolving Percentage Proportionate Share of such Revolving Lender, times (ii) the maximum amount available to be drawn under such Letter of Credit and the amount of such drawing, respectively. For purposes of Section 2.01, each Each Issuance of a Letter of Credit shall be deemed to utilize the Revolving Commitment of each Revolving Lender by an amount equal to the amount of such participation.

Appears in 1 contract

Samples: Credit Agreement (Building Materials Holding Corp)

Risk Participations, Drawings and Reimbursements. (a) Immediately upon the Issuance of a Letter of Credit by an Issuer, each Revolving Lender shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from such Issuer a participation in such Letter of Credit and each drawing thereunder in an amount equal to the product of (i) the Revolving Percentage Pro Rata Share of such Revolving Lender, times (ii) the Dollar Equivalent of the maximum amount available to be drawn under such Letter of Credit and the amount of such drawing, respectively. For purposes of Section 2.01, each Issuance of a Letter of Credit shall be deemed to utilize the Revolving Commitment of each Revolving Lender by an amount equal to the amount of such participation.

Appears in 1 contract

Samples: Credit Agreement (Oshkosh Truck Corp)

Risk Participations, Drawings and Reimbursements. (a) Immediately upon the Issuance of a each Letter of Credit Issued by an Issuerthe applicable Issuing Bank, each Revolving Lender shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from such Issuer thesuch Issuing Bank a participation in such Letter of Credit and each drawing thereunder in an amount equal to the product of (i) the Revolving Percentage Pro Rata Share of such Revolving Lender, times (ii) the maximum amount available to be drawn under such Letter of Credit and the amount of such drawing, respectively. For purposes of Section 2.01, each Issuance of a Letter of Credit shall be deemed to utilize the Revolving Commitment Committed Line Portion of each Revolving Lender by an amount equal to the amount of such participation.

Appears in 1 contract

Samples: Credit Agreement And Agreement Regarding Departing (International Assets Holding Corp)

Risk Participations, Drawings and Reimbursements. (a) Immediately upon the Issuance of a each Letter of Credit by an IssuerCredit, each Revolving Lender Bank shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from such Issuer the Issuing Bank a participation in such Letter of Credit and each drawing thereunder in an amount equal to the product of (i) the Revolving Percentage Pro Rata Share of such Revolving LenderBank, times (ii) the maximum amount available to be drawn under such Letter of Credit and the amount of such drawing, respectively, in the currency in which such Letter of Credit is stated. For purposes of Section 2.012.1(a), each Issuance of a Letter of Credit shall be deemed to utilize the Revolving Commitment of each Revolving Lender Bank by an amount equal to the amount of such participation.

Appears in 1 contract

Samples: Credit Agreement (Interim Services Inc)

Risk Participations, Drawings and Reimbursements. (a) Immediately upon the Issuance of a each Letter of Credit by an Issueron or after the date on which all conditions are satisfied under Section 5.1, each Revolving Lender Bank shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from such Issuer the applicable Issuing Bank a participation in such Letter of Credit and each drawing thereunder in an amount equal to the product of (i) the Revolving Percentage of such Revolving Lender, Bank's Pro Rata Share times (ii) the maximum amount available to be drawn under such Letter of Credit and the amount of such drawing, respectively. For purposes of Section 2.012.1, each Issuance of a Letter of Credit shall be deemed to utilize the Revolving Commitment of each Revolving Lender Bank by an amount equal to the amount of such participation.

Appears in 1 contract

Samples: Credit Agreement (Dreyers Grand Ice Cream Holdings Inc)

Risk Participations, Drawings and Reimbursements. (a) Immediately upon the Issuance of a each Letter of Credit by an IssuerCredit, each Revolving Lender shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from such the Issuer a participation in such Letter of Credit and each drawing thereunder in an amount equal to the product of (i) the Pro Rata Revolving Percentage Share of such Revolving Lender, times (ii) the maximum amount available to be drawn under such Letter of Credit and the amount of such drawing, respectively. For purposes of Section 2.01SUBSECTION 2.01(b), each Issuance of a Letter of Credit shall be deemed to utilize the Revolving Loan Commitment of each Revolving Lender by an amount equal to the amount of such participation.

Appears in 1 contract

Samples: Credit Agreement (Lone Star Technologies Inc)

Risk Participations, Drawings and Reimbursements. (a) Immediately upon the Issuance of a each Letter of Credit by an Issueron or after the Effective Date, each Revolving Lender shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from such Issuer the applicable Issuing Lender a participation in such Letter of Credit and each drawing thereunder in an amount equal to the product of (i) the Revolving Percentage of such Revolving Lender, 's Pro Rata Share times (ii) the maximum amount available to be drawn under such Letter of Credit and the amount of such drawing, respectively. For purposes of Section 2.012.1, each Issuance of a Letter of Credit shall be deemed to utilize the Revolving Commitment of each Revolving Lender by an amount equal to the amount of such participation.

Appears in 1 contract

Samples: Credit Agreement (Hussmann International Inc)

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Risk Participations, Drawings and Reimbursements. (a) Immediately upon the Issuance of a each Letter of Credit by an IssuerCredit, each Revolving Lender shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from such Issuer the Issuing Lender a participation in such Letter of Credit and each drawing thereunder in an amount equal to the product of (i) the Revolving Percentage Pro Rata Share of such Lender of the Revolving LenderCommitment, times (ii) the maximum amount available to be drawn under such Letter of Credit and the amount of such drawing, respectively. For purposes of Section 2.01, each Issuance of a Letter of Credit shall be deemed to utilize the Pro Rata Share of each Lender of the Revolving Commitment of each Revolving Lender by an amount equal to the amount of such participation.

Appears in 1 contract

Samples: Credit Agreement (Tracinda Corp)

Risk Participations, Drawings and Reimbursements. (a) Immediately upon the Issuance of a each Letter of Credit by an IssuerCredit, each Revolving Lender shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from such Issuer the Issuing Lender a participation in such Letter of Credit and each drawing thereunder in an amount equal to the product of (i) the Revolving Percentage Pro Rata Share of such Revolving Lender, times (ii) the maximum amount available to be drawn under such Letter of Credit and the amount of such drawing, respectively. For purposes of Section 2.01, each Issuance of a Letter of Credit shall be deemed to utilize the Revolving Available Commitment of each Revolving Lender by an amount equal to the amount of such participation.

Appears in 1 contract

Samples: Credit Agreement (Abc Naco Inc)

Risk Participations, Drawings and Reimbursements. (a) Immediately upon the Issuance of a each Letter of Credit by an IssuerCredit, each Revolving Lender shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from such Issuer the Issuing Banks a participation in such Letter of Credit and each drawing thereunder in an amount equal to the product of (i) the Revolving Percentage Pro Rata Share of such Revolving Lender, times multiplied by (ii) the maximum amount available to be drawn under such Letter of Credit and the amount of such drawing, respectively. For purposes of Section 2.012.01(b), each Issuance of a Letter of Credit shall be deemed to utilize the Revolving Commitment of each Revolving Lender by an amount equal to the amount of such participation.

Appears in 1 contract

Samples: Credit Agreement (Crimson Wine Group, LTD)

Risk Participations, Drawings and Reimbursements. (a) Immediately upon the Issuance of a each Letter of Credit by an IssuerCredit, each Revolving Lender shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from such Issuer the Issuing Bank a participation in the undrawn amount of such Letter of Credit and each drawing thereunder in an amount equal to the product of (i) the Revolving Percentage Pro Rata Share of such Revolving Lender, times multiplied by (ii) the maximum amount available to be drawn under such Letter of Credit and the amount of such drawing, respectively. For purposes of Section 2.01, each Issuance of a Letter of Credit shall be deemed to utilize the Revolving Commitment of each Revolving Lender by an amount equal to the amount of such participation.

Appears in 1 contract

Samples: Credit Agreement (Georgia Pacific Corp)

Risk Participations, Drawings and Reimbursements. (a) Immediately upon the Issuance of a each Letter of Credit by an Issueron or after the Closing Date, each Revolving Lender shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from such Issuer the applicable Issuing Lender a participation in such Letter of Credit and each drawing thereunder in an amount equal to the product of (i) the Revolving Percentage of such Revolving Lender, ’s Pro Rata Share times (ii) the maximum amount available to be drawn under such Letter of Credit and the amount of such drawing, respectively. For purposes of Section 2.012.1, each Issuance of a Letter of Credit shall be deemed to utilize the Revolving Commitment of each Revolving Lender by an amount equal to the amount of such participation.

Appears in 1 contract

Samples: Credit Agreement (Snyder's-Lance, Inc.)

Risk Participations, Drawings and Reimbursements. (a) Immediately upon the Issuance of a each Letter of Credit by an IssuerCredit, each Revolving Lender shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from such Issuer each Issuing Lender a participation in such Letter of Credit and each drawing thereunder in an amount equal to the product of (i) the Revolving Percentage Pro Rata Share of such Revolving Lender, times (ii) the maximum amount available to be drawn under such Letter of Credit and the amount of such drawing, respectively. For purposes of Section 2.012.01(a), each Issuance of a Letter of Credit shall be deemed to --------------- utilize the Revolving Commitment of each Revolving Lender by an amount equal to the amount of such participation.

Appears in 1 contract

Samples: Credit Agreement (Aecom Merger Corp)

Risk Participations, Drawings and Reimbursements. (a1) Immediately upon the Issuance of a each Letter of Credit by an Issueron or after the date on which all conditions are satisfied under Section 5.01, each Revolving Lender Bank shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from such Issuer the applicable Issuing Bank a participation in such Letter of Credit and each drawing thereunder in an amount equal to the product of (i) the Revolving Percentage of such Revolving Lender, Bank's Pro Rata Share times (ii) the maximum amount available to be drawn under such Letter of Credit and the amount of such drawing, respectively. For purposes of Section 2.01, each Issuance of a Letter of Credit shall be deemed to utilize the Revolving Commitment of each Revolving Lender Bank by an amount equal to the amount of such participation.

Appears in 1 contract

Samples: Credit Agreement (Dreyers Grand Ice Cream Inc)

Risk Participations, Drawings and Reimbursements. (a) Immediately upon the Issuance of a each Letter of Credit by an IssuerCredit, each Revolving Lender shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from such Issuer the applicable Issuing Lender a participation in such Letter of Credit and each drawing thereunder in an amount equal to the product of (i) the Revolving Percentage Pro Rata Share of such Revolving Lender, times (ii) the maximum amount available to be drawn under such Letter of Credit and the amount of such drawing, respectively. For purposes of Section 2.01subsection 2.01(c), each Issuance of a Letter of Credit shall be deemed to utilize the Revolving Commitment of each Revolving Lender by an amount equal to the amount of such participation.

Appears in 1 contract

Samples: Credit Agreement (Vans Inc)

Risk Participations, Drawings and Reimbursements. (a) Immediately upon the Issuance of a each Letter of Credit by an IssuerCredit, each Revolving Lender shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from such Issuer the Issuing Bank a participation in the undrawn amount of such Letter of Credit and each drawing thereunder in an amount equal to the product of (i) the Revolving Commitment Percentage of such Revolving Lender, times multiplied by (ii) the maximum amount available to be drawn under such Letter of Credit and the amount of such drawing, respectively. For purposes of Section 2.01, each Issuance of a Letter of Credit shall be deemed to utilize the Revolving Commitment of each Revolving Lender by an amount equal to the amount of such participation.

Appears in 1 contract

Samples: Credit Agreement (Georgia Pacific Corp)

Risk Participations, Drawings and Reimbursements. (a) Immediately upon the Issuance of a each Letter of Credit by an IssuerCredit, each Revolving Lender shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from such Issuer the Issuing Bank a participation in such Letter of Credit and each drawing thereunder in an amount equal to the product of (i) the Revolving Percentage of such Revolving Lender, times (ii) the maximum Dollar Equivalent amount available to be drawn under such Letter of Credit and the Dollar Equivalent amount of such drawing, respectively. For purposes of Section 2.012.1, each Issuance of a ----------- Letter of Credit shall be deemed to utilize the Revolving Loan Commitment of each Revolving Lender by an amount equal to the Dollar Equivalent amount of such participation.

Appears in 1 contract

Samples: Credit Agreement (Edison Mission Energy)

Risk Participations, Drawings and Reimbursements. (a) Immediately upon the Issuance of a each Letter of Credit by an Issuerin addition to those described in subsection 3.3(a), each Revolving Lender Bank shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from such Issuer the Issuing Bank a participation in such Letter of Credit and each drawing thereunder in an amount equal to the product of (i) the Revolving Percentage Pro Rata Share of such Revolving LenderBank, times (ii) the maximum amount available to be drawn under such Letter of Credit and the amount of such drawing, respectively. For purposes of Section 2.01subsection 2.1(b), each Issuance of a Letter of Credit shall be deemed to utilize the Revolving Standby L/C Commitment or Commercial L/C Commitment, as applicable, of each Revolving Lender Bank by an amount equal to the amount of such participation.

Appears in 1 contract

Samples: Credit Agreement (Katy Industries Inc)

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