Risk Participations, Drawings and Reimbursements. (a) Immediately upon the Issuance of each Letter of Credit, each Revolving Lender shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from the Issuing Lender a participation in such Letter of Credit and each drawing thereunder in an amount equal to the product of (i) such Revolving Lender's Revolving Percentage times (ii) the maximum amount available to be drawn under such Letter of Credit and the amount of such drawing, respectively.
Appears in 6 contracts
Samples: Credit Agreement (Del Monte Foods Co), Credit Agreement (Del Monte Foods Co), Credit Agreement (Del Monte Foods Co)
Risk Participations, Drawings and Reimbursements. (a) Immediately upon the Issuance of each Letter of Credit, each Revolving Facility Lender shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from the Issuing L/C Lender a participation in such Letter of Credit and each drawing thereunder in an amount equal to the product of (i) the Pro Rata Share of such Revolving Lender's Revolving Percentage Facility Lender times (ii) the maximum amount available to be drawn under such Letter of Credit and the amount of such drawing, respectively.
Appears in 4 contracts
Samples: Credit Agreement (Mt Investors Inc), Credit Agreement (Mt Investors Inc), Credit Agreement (Mettler Toledo Holding Inc)
Risk Participations, Drawings and Reimbursements. (a) Immediately upon the Issuance of each Letter of Credit, each Revolving Lender shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from the Issuing Lender a participation in such Letter of Credit and each drawing thereunder in an amount equal to the product of (i) such Revolving Lender's Revolving Percentage times (ii) the maximum amount available to be drawn under such Letter of Credit and the amount of such drawing, respectively.
Appears in 2 contracts
Samples: Credit Agreement (Thorn Apple Valley Inc), Credit Agreement (Rayovac Corp)
Risk Participations, Drawings and Reimbursements. (a) Immediately upon the Issuance of each Letter of Credit, each Revolving Lender shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from the Issuing Lender a participation in such Letter of Credit and each drawing thereunder in an amount equal to the product of (i) such Revolving Lender's Revolving Percentage Pro Rata Share times (ii) the maximum amount available to be drawn under such Letter of Credit and the amount of such drawing, respectively.
Appears in 2 contracts
Samples: Credit Agreement (Video Update Inc), Credit Agreement (Air Cure Technologies Inc /De)
Risk Participations, Drawings and Reimbursements. (a) Immediately upon the Issuance of each Letter of Credit, each Revolving Participating Lender shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from the Issuing Fronting Lender a participation in such Letter of Credit and each drawing thereunder in an amount equal to the product of (i) such Revolving Lender's Revolving its L/C Percentage times (ii) the maximum amount available to be drawn under such Letter of Credit and the amount of such drawing, respectively.
Appears in 1 contract
Risk Participations, Drawings and Reimbursements. (a) Immediately upon the Issuance of each Letter of Credit, Credit each Revolving Lender shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from the applicable Issuing Lender a participation in such Letter of Credit and each drawing thereunder in an amount equal to the product of (i) such Revolving Lender's Revolving Percentage times (ii) the maximum amount available to be drawn under such Letter of Credit and the amount of such drawing, respectively.
Appears in 1 contract
Risk Participations, Drawings and Reimbursements. (a) Immediately upon the Issuance of each Letter of Credit, each Revolving Participating Lender shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from the Issuing Lender a participation in such Letter of Credit and each drawing thereunder in an amount equal to the product of (i) such Revolving Lender's Revolving its L/C Percentage times (ii) the maximum amount available to be drawn under such Letter of Credit and the amount of such drawing, respectively.
Appears in 1 contract
Samples: Credit Agreement (Metlife Inc)
Risk Participations, Drawings and Reimbursements. (a) Immediately upon the Issuance of each Letter of Credit, each Revolving a. Each Lender shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from the Issuing Lender Bank a participation in each such Letter of Credit and each drawing thereunder in an amount equal to the product of (i) such Revolving Lender's Revolving Commitment Percentage times at such time, multiplied by (ii) the maximum amount available to be drawn under such Letter of Credit and the amount of such drawing, respectively.
Appears in 1 contract
Samples: Credit Facility Agreement (CCC Information Services Group Inc)
Risk Participations, Drawings and Reimbursements. (a) Immediately upon the Issuance issuance of each Lender Letter of Credit, each Revolving Lender shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from the Issuing Lender a participation in such which Lender Letter of Credit and each drawing thereunder in an amount equal to the product such Lenders Pro Rata Share of (i) such Revolving Lender's Revolving Percentage times (ii) the maximum amount available to be drawn under such Lender Letter of Credit and the amount of such drawing, respectively.
Appears in 1 contract
Samples: Loan and Security Agreement (Thorn Apple Valley Inc)
Risk Participations, Drawings and Reimbursements. (a) Immediately upon the Issuance of each Letter of Credit, each Revolving Lender shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from the Issuing L/C Lender a participation in such Letter of Credit and each drawing thereunder in an amount equal to the product of (i) the Pro Rata Share of such Revolving Lender's Revolving Percentage Lender times (ii) the maximum amount available to be drawn under such Letter of Credit and the amount of such drawing, respectively.
Appears in 1 contract
Samples: Senior Secured Credit Agreement (Greif Brothers Corp)
Risk Participations, Drawings and Reimbursements. (a) Immediately upon the Issuance of each Letter of Credit, each Revolving Lender shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from the Issuing applicable L/C Lender a participation in such Letter of Credit and each drawing thereunder in an amount equal to the product of (i) the Pro Rata Share of such Revolving Lender's Revolving Percentage Lender times (ii) the maximum amount available to be drawn under such Letter of Credit and the amount of such drawing, respectivelyCredit.
Appears in 1 contract
Samples: Senior Secured Credit Agreement (Greif Brothers Corp)
Risk Participations, Drawings and Reimbursements. (a) Immediately upon the Issuance of each Letter of Credit, each Revolving Lender shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from the Issuing Lender applicable Issuer a participation in such Letter of Credit and each drawing thereunder in an amount equal to the product of (iA) the Pro Rata Share of such Revolving Lender's Revolving Percentage , times (iiB) the maximum amount available to be drawn under such Letter of Credit and the amount of any such drawingdrawing thereunder, respectively.
Appears in 1 contract
