Sharing of Letter of Credit Payments. In the event that CIT makes any payment in respect of the Letter of Credit Guaranty and the Borrower shall not have repaid such amount to the Agent for the account of CIT, the Agent shall charge the Loan Account in the amount of the Reimbursement Obligation, in accordance with Section 3.01(a)(ii) hereof.
Appears in 3 contracts
Samples: Revolving Credit and Term Loan Agreement (Golden Books Family Entertainment Inc), Revolving Credit and Term Loan Agreement (Golden Books Family Entertainment Inc), Revolving Credit and Term Loan Agreement (Golden Books Family Entertainment Inc)
Sharing of Letter of Credit Payments. In the event that CIT makes any payment in respect of the Letter of Credit Guaranty and the Borrower shall not have repaid such amount to the Agent for the account of CIT, the Agent shall charge the Loan Borrower's Account in the amount of the Reimbursement Obligation, in accordance with Section 3.01(a)(ii) hereof).
Appears in 3 contracts
Samples: Revolving Credit Agreement (Weiners Stores Inc), Revolving Credit Agreement (Jacobson Stores Inc), Revolving Credit Agreement (Weiners Stores Inc)
Sharing of Letter of Credit Payments. In the event that CIT makes any payment in respect of the Letter of Credit Guaranty and the Borrower shall not have repaid such amount to the Administrative Agent for the account of CIT, the Administrative Agent shall charge the Loan Account in the amount of the Reimbursement Obligation, in accordance with Section 3.01(a)(ii) hereof.
Appears in 1 contract
Samples: Revolving Credit Agreement (Sun Television & Appliances Inc)
Sharing of Letter of Credit Payments. In the event that CIT makes any payment in respect of the Letter of Credit Guaranty and the Borrower Borrowers shall not have repaid such amount to the Administrative Agent for the account of CIT, the Administrative Agent shall charge the Loan Account in the amount of the Reimbursement Obligation, in accordance with Section 3.01(a)(ii3.01(a) (ii) hereof.
Appears in 1 contract
Sharing of Letter of Credit Payments. In the event that CIT makes any payment in respect of the Letter of Credit Guaranty and the Borrower Borrowers shall not have repaid such amount to the Agent for the account of CIT, the Agent shall charge the Loan Account in the amount of the Reimbursement Obligation, in accordance with Section 3.01(a)(ii) hereof3.01(a)(iii).
Appears in 1 contract
Samples: Credit Agreement (Gs Technologies Operating Co Inc)
Sharing of Letter of Credit Payments. In the event that CIT makes any payment in respect of the Letter of Credit Guaranty with respect to a Letter of Credit or Acceptance and the Borrower shall not have repaid such amount to the Agent for the account of CIT, the Agent shall charge the Loan Borrower's DIP Account in the amount of the Reimbursement Obligation, in accordance with Section 3.01(a)(ii) hereof).
Appears in 1 contract
Sharing of Letter of Credit Payments. In the event that CIT makes any payment in respect of the Letter of Credit Guaranty and the Borrower Borrowers shall not have repaid such amount to the Agent for the account of CIT, the Agent shall charge the Loan Account in the amount of the Reimbursement Obligation, in accordance with Section 3.01(a)(ii) hereof).
Appears in 1 contract
