Common use of Settlement Among Lenders Clause in Contracts

Settlement Among Lenders. Upon the making of each payment by a Lender to the Administrative Agent pursuant to Section 2.16.5 above in respect of any Letter of Credit, such Lender shall, automatically and without any further action on the part of the Administrative Agent or such Lender, acquire (i) a participation in any amount equal to such payment in the Reimbursement Obligation owing to the Administrative Agent by 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 Borrowers under such Letter of Credit Documents and the other Credit Documents in respect of such Reimbursement Obligation. Upon receipt by the Administrative Agent from or for the account of 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 Administrative Agent shall promptly pay to 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 Administrative Agent to be made in the same money and funds in which received by the Administrative Agent. In the event any payment received by the Administrative Agent and so paid to Lenders is rescinded or must otherwise be returned by the Administrative Agent, each Lender shall, upon the request of the Administrative Agent, repay to the Administrative Agent the amount of such payment paid to such Lender, with interest at the rate specified in Section 2.16.10.

Settlement Among Lenders. Upon the making of each payment by a Lender to the Administrative Agent Issuing Bank pursuant to Section 2.16.5 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 Administrative Agent Issuing Bank or such Lender, acquire (i) a participation in any amount equal to such payment in the Reimbursement Obligation owing to the Administrative Agent Issuing Bank by 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 Borrowers under such Letter of Credit Documents and the other Credit Documents in respect of such Reimbursement Obligation. Upon receipt by the Administrative Agent Issuing Bank from or for the account of 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 Administrative Agent 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 Administrative Agent Issuing Bank to be made in the same money and funds in which received by the Administrative AgentIssuing Bank. In the event any payment received by the Administrative Agent Issuing Bank and so paid to Lenders is rescinded or must otherwise be returned by the Administrative AgentIssuing Bank, each Lender shall, upon the request of the Administrative Issuing Bank (through Agent), repay to the Administrative Agent Issuing Bank (through Agent) the amount of such payment paid to such Lender, with interest at the rate specified in Section 2.16.102.17.10.

Settlement Among Lenders. Upon the making of each payment by a Lender to the Administrative Agent Issuing Bank pursuant to Section 2.16.5 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 Administrative Agent Issuing Bank or such Lender, acquire (i) a participation in any amount equal to such payment in the Reimbursement Obligation owing to the Administrative Agent Issuing Bank by 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 Borrowers under such Letter of Credit Documents and the other Credit Documents in respect of such Reimbursement Obligation. Upon receipt by the Administrative Agent Issuing Bank from or for the account of 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 Administrative Agent 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 Administrative Agent Issuing Bank to be made in the same money and funds in which received by the Administrative AgentIssuing Bank. In the event any payment received by the Administrative Agent Issuing Bank and so paid to Lenders is rescinded or must otherwise be returned by the Administrative AgentIssuing Bank, each Lender shall, upon the request of the Administrative Issuing Bank (through Agent), repay to the Administrative Agent Issuing Bank (through Agent) the amount of such payment paid to such Lender, with interest at the rate specified in Section 2.16.102.15.10.

Settlement Among Lenders. Upon the making of each payment by a Lender to the Administrative Agent Issuing Bank pursuant to Section 2.16.5 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 Administrative Agent Issuing Bank or such Lender, acquire (i) a participation in any an amount equal to such payment in the Reimbursement Obligation owing to the Administrative Agent Issuing Bank by Borrowers 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 's Pro Rata Share in any interest or other amounts payable by Borrowers Borrower under such Letter of Credit Documents and the other Credit Loan Documents in respect of such Reimbursement Obligation. Upon receipt by the Administrative Agent Issuing Bank from or for the account of Borrowers 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 Administrative Agent 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 Administrative Agent Issuing Bank to be made in the same money and funds in which received by the Administrative AgentIssuing Bank. In the event any payment received by the Administrative Agent Issuing Bank and so paid to Lenders is rescinded or must otherwise be returned by the Administrative AgentIssuing Bank, each Lender shall, upon the request of the Administrative Issuing Bank (through Agent), repay to the Administrative Agent Issuing Bank (through Agent) the amount of such payment paid to such Lender, with interest at the rate specified in Section 2.16.102.15.10.

Settlement Among Lenders. Upon the making of each payment by a Lender to the Administrative Agent NationsBank pursuant to Section 2.16.5 2.19.5 above in respect of any Letter of Credit, such Lender shall, automatically and without any further action on the part of the Administrative Agent Agent, NationsBank or such Lender, acquire (i) a participation in any amount equal to such payment in the Reimbursement Obligation owing to NationsBank by the Administrative Agent by Borrowers 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 's Pro Rata Share in any interest or other amounts payable by Borrowers the Borrower under such Letter of Credit Documents and the other Credit Loan Documents in respect of such Reimbursement Obligation. Upon receipt by the Administrative Agent NationsBank from or for the account of Borrowers the 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 Administrative Agent NationsBank shall promptly pay to the 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 Administrative Agent NationsBank to be made in the same money and funds in which received by the Administrative AgentNationsBank. In the event any payment received by the Administrative Agent NationsBank and so paid to the Lenders is rescinded or must otherwise be returned by the Administrative AgentNationsBank, each Lender shall, upon the request of NationsBank (through the Administrative Agent), repay to NationsBank (through the Administrative Agent Agent) the amount of such payment paid to such Lender, with interest at the rate specified in Section 2.16.102.19.10.

Settlement Among Lenders. Upon the making of each payment by a Lender to the Administrative Agent Issuing Bank pursuant to Section 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 Administrative Agent Issuing Bank or such Lender, acquire (i) a participation in any amount equal to such payment in the Reimbursement Obligation owing to the Administrative Agent Issuing Bank by 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 Borrowers under such Letter of Credit Documents and the other Credit Documents in respect of such Reimbursement Obligation. Upon receipt by the Administrative Agent Issuing Bank from or for the account of 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 Administrative Agent 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 Administrative Agent Issuing Bank to be made in the same money and funds in which received by the Administrative AgentIssuing Bank. In the event any payment received by the Administrative Agent Issuing Bank and so paid to Lenders is rescinded or must otherwise be returned by the Administrative AgentIssuing Bank, each Lender shall, upon the request of the Administrative Issuing Bank (through Agent), repay to the Administrative Agent Issuing Bank (through Agent) the amount of such payment paid to such Lender, with interest at the rate specified in Section 2.16.10.

Settlement Among Lenders. Upon the making of each payment by a Lender to the Administrative Agent Issuing Bank pursuant to Section 2.16.5 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 Administrative Agent Issuing Bank or such Lender, acquire (i) a participation in any an amount equal to such payment in the Reimbursement Obligation owing to the Administrative Agent Issuing Bank by Borrowers 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 's Pro Rata Share in any interest or other amounts payable by Borrowers Borrower under such Letter of Credit Documents and the other Credit Loan Documents in respect of such Reimbursement Obligation. Upon receipt by the Administrative Agent Issuing Bank from or for the account of Borrowers 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 Administrative Agent 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 Administrative Agent Issuing Bank to be made in the same money and funds in which received by the Administrative AgentIssuing Bank. In the event any payment received by the Administrative Agent Issuing Bank and so paid to Lenders is rescinded or must otherwise be returned by the Administrative AgentIssuing Bank, each Lender shall, upon the request of the Administrative Issuing Bank (through Agent), repay to the Administrative Agent Issuing Bank (through Agent) the amount of such payment paid to such Lender, with interest at the rate specified in Section 2.16.102.15.10.