Common use of Settlement Among Lenders Clause in Contracts

Settlement Among Lenders. Upon the making of each payment by a Lender to the Issuing Bank pursuant to Section 2.15.5 above in respect of any Letter of Credit, such Lender shall, automatically and without any further action on the part of Agent, the Issuing Bank or such Lender, acquire (i) a participation in an amount equal to such payment in the Reimbursement Obligation owing to the Issuing Bank by Borrower under this Agreement and under the Letter of Credit Documents relating to such Letter of Credit and (ii) a participation in a percentage equal to such Lender's Pro Rata Share in any interest or other amounts payable by Borrower under such Letter of Credit Documents and the other Loan Documents in respect of such Reimbursement Obligation. Upon receipt by the Issuing Bank from or for the account of Borrower of any payment in respect of any Reimbursement Obligation or any such interest or other amount (including by way of set-off or application of proceeds of any collateral security) the Issuing Bank shall promptly pay to Agent for the account of each Lender who shall have previously assumed a participation in such payment under clause (ii) above, such Lender's Pro Rata Share of such payment, each such payment by the Issuing Bank to be made in the same money and funds in which received by the Issuing Bank. In the event any payment received by the Issuing Bank and so paid to Lenders is rescinded or must otherwise be returned by the Issuing Bank, each Lender shall, upon the request of the Issuing Bank (through Agent), repay to the Issuing Bank (through Agent) the amount of such payment paid to such Lender, with interest at the rate specified in Section 2.15.10.

Settlement Among Lenders. Upon the making of each payment by a Lender to the Issuing Bank pursuant to Section 2.15.5 above in respect of any Letter of Credit, such Lender shall, automatically and without any further action on the part of Agent, the Issuing Bank or such Lender, acquire (i) a participation in an any amount equal to such payment in the Reimbursement Obligation owing to the Issuing Bank by Borrower Borrowers under this Agreement and under the Letter of Credit Documents relating to such Letter of Credit and (ii) a participation in a percentage equal to such Lender's Pro Rata Share in any interest or other amounts payable by Borrower Borrowers under such Letter of Credit Documents and the other Loan Credit Documents in respect of such Reimbursement Obligation. Upon receipt by the Issuing Bank from or for the account of Borrower Borrowers of any payment in respect of any Reimbursement Obligation or any such interest or other amount (including by way of set-off or application of proceeds of any collateral security) the Issuing Bank shall promptly pay to Agent for the account of each Lender who shall have previously assumed a participation in such payment under clause (ii) above, such Lender's Pro Rata Share of such payment, each such payment by the Issuing Bank to be made in the same money and funds in which received by the Issuing Bank. In the event any payment received by the Issuing Bank and so paid to Lenders is rescinded or must otherwise be returned by the Issuing Bank, each Lender shall, upon the request of the Issuing Bank (through Agent), repay to the Issuing Bank (through Agent) the amount of such payment paid to such Lender, with interest at the rate specified in Section 2.15.10.

Settlement Among Lenders. Upon the making of each payment by a Lender to the Issuing Bank pursuant to Section 2.15.5 2.17.5 above in respect of any Letter of Credit, such Lender shall, automatically and without any further action on the part of Agent, the Issuing Bank or such Lender, acquire (i) a participation in an any amount equal to such payment in the Reimbursement Obligation owing to the Issuing Bank by Borrower Borrowers under this Agreement and under the Letter of Credit Documents relating to such Letter of Credit and (ii) a participation in a percentage equal to such Lender's ’s Pro Rata Share in any interest or other amounts payable by Borrower Borrowers under such Letter of Credit Documents and the other Loan Credit Documents in respect of such Reimbursement Obligation. Upon receipt by the Issuing Bank from or for the account of Borrower Borrowers of any payment in respect of any Reimbursement Obligation or any such interest or other amount (including by way of set-off or application of proceeds of any collateral security) the Issuing Bank shall promptly pay to Agent for the account of each Lender who shall have previously assumed a participation in such payment under clause (ii) above, such Lender's ’s Pro Rata Share of such payment, each such payment by the Issuing Bank to be made in the same money and funds in which received by the Issuing Bank. In the event any payment received by the Issuing Bank and so paid to Lenders is rescinded or must otherwise be returned by the Issuing Bank, each Lender shall, upon the request of the Issuing Bank (through Agent), repay to the Issuing Bank (through Agent) the amount of such payment paid to such Lender, with interest at the rate specified in Section 2.15.102.17.10.

Settlement Among Lenders. Upon the making of each payment by a Lender to the Issuing Bank Administrative Agent pursuant to Section 2.15.5 2.16.5 above in respect of any Letter of Credit, such Lender shall, automatically and without any further action on the part of Agent, the Issuing Bank Administrative Agent or such Lender, acquire (i) a participation in an any amount equal to such payment in the Reimbursement Obligation owing to the Issuing Bank Administrative Agent by Borrower Borrowers under this Agreement and under the Letter of Credit Documents relating to such Letter of Credit and (ii) a participation in a percentage equal to such Lender's ’s Pro Rata Share in any interest or other amounts payable by Borrower Borrowers under such Letter of Credit Documents and the other Loan Credit Documents in respect of such Reimbursement Obligation. Upon receipt by the Issuing Bank Administrative Agent from or for the account of Borrower Borrowers of any payment in respect of any Reimbursement Obligation or any such interest or other amount (including by way of set-off or application of proceeds of any collateral security) the Issuing Bank Administrative Agent shall promptly pay to Agent for the account of each Lender who shall have previously assumed a participation in such payment under clause (ii) above, such Lender's ’s Pro Rata Share of such payment, each such payment by the Issuing Bank Administrative Agent to be made in the same money and funds in which received by the Issuing BankAdministrative Agent. In the event any payment received by the Issuing Bank Administrative Agent and so paid to Lenders is rescinded or must otherwise be returned by the Issuing BankAdministrative Agent, each Lender shall, upon the request of the Issuing Bank (through Administrative Agent), repay to the Issuing Bank (through Agent) Administrative Agent the amount of such payment paid to such Lender, with interest at the rate specified in Section 2.15.102.16.10.

Settlement Among Lenders. Upon the making of each payment by a Lender to the Issuing Bank Agent pursuant to Section 2.15.5 2.16.5 above in respect of any Letter of Credit, such Lender shall, automatically and without any further action on the part of Agent, the Issuing Bank Agent or such Lender, acquire (i) a participation in an any amount equal to such payment in the Reimbursement Obligation owing to the Issuing Bank Agent by Borrower Borrowers under this Agreement and under the Letter of Credit Documents relating to such Letter of Credit and (ii) a participation in a percentage equal to such Lender's ’s Pro Rata Share in any interest or other amounts payable by Borrower Borrowers under such Letter of Credit Documents and the other Loan Credit Documents in respect of such Reimbursement Obligation. Upon receipt by the Issuing Bank Agent from or for the account of Borrower Borrowers of any payment in respect of any Reimbursement Obligation or any such interest or other amount (including by way of set-off or application of proceeds of any collateral security) the Issuing Bank Agent shall promptly pay to Agent for the account of each Lender who shall have previously assumed a participation in such payment under clause (ii) above, such Lender's ’s Pro Rata Share of such payment, each such payment by the Issuing Bank Agent to be made in the same money and funds in which received by the Issuing BankAgent. In the event any payment received by the Issuing Bank Agent and so paid to Lenders is rescinded or must otherwise be returned by the Issuing BankAgent, each Lender shall, upon the request of the Issuing Bank (through Agent), repay to the Issuing Bank (through Agent) Agent the amount of such payment paid to such Lender, with interest at the rate specified in Section 2.15.102.16.10.

Settlement Among Lenders. Upon the making of each payment by a Lender to the Issuing Bank pursuant to Section 2.15.5 above in respect of any Letter of Credit, such Lender shall, automatically and without any further action on the part of Agent, the Issuing Bank or such Lender, acquire (i) a participation in an amount equal to such payment in the Reimbursement Obligation owing to the Issuing Bank by Borrower under this Agreement and under the Letter of Credit Documents relating to such Letter of Credit and (ii) a participation in a percentage equal to such Lender's Pro Rata Share in any interest or other amounts payable by Borrower under such Letter of Credit Documents and the other Loan Documents in respect of such Reimbursement Obligation. Upon receipt by the Issuing Bank from or for the account of Borrower of any payment in respect of any Reimbursement Obligation or any such interest or other amount (including by way of set-set- off or application of proceeds of any collateral security) the Issuing Bank shall promptly pay to Agent for the account of each Lender who shall have previously assumed a participation in such payment under clause (ii) above, such Lender's Pro Rata Share of such payment, each such payment by the Issuing Bank to be made in the same money and funds in which received by the Issuing Bank. In the event any payment received by the Issuing Bank and so paid to Lenders is rescinded or must otherwise be returned by the Issuing Bank, each Lender shall, upon the request of the Issuing Bank (through Agent), repay to the Issuing Bank (through Agent) the amount of such payment paid to such Lender, with interest at the rate specified in Section 2.15.10.

Settlement Among Lenders. Upon the making of each payment by a Lender to the Issuing Bank pursuant to Section 2.15.5 2.16.5 above in respect of any Letter of Credit, such Lender shall, automatically and without any further action on the part of Agent, the Issuing Bank or such Lender, acquire (i) a participation in an any amount equal to such payment in the Reimbursement Obligation owing to the Issuing Bank by Borrower Borrowers under this Agreement and under the Letter of Credit Documents relating to such Letter of Credit and (ii) a participation in a percentage equal to such Lender's Pro Rata Share in any interest or other amounts payable by Borrower Borrowers under such Letter of Credit Documents and the other Loan Credit Documents in respect of such Reimbursement Obligation. Upon receipt by the Issuing Bank from or for the account of Borrower Borrowers of any payment in respect of any Reimbursement Obligation or any such interest or other amount (including by way of set-off or application of proceeds of any collateral security) the Issuing Bank shall promptly pay to Agent for the account of each Lender who shall have previously assumed a participation in such payment under clause (ii) above, such Lender's Pro Rata Share of such payment, each such payment by the Issuing Bank to be made in the same money and funds in which received by the Issuing Bank. In the event any payment received by the Issuing Bank and so paid to Lenders is rescinded or must otherwise be returned by the Issuing Bank, each Lender shall, upon the request of the Issuing Bank (through Agent), repay to the Issuing Bank (through Agent) the amount of such payment paid to such Lender, with interest at the rate specified in Section 2.15.102.16.10.