Sharing of Reimbursement Obligation Payments. Whenever the Agent receives a payment from the Borrower on account of reimbursement obligations in respect of a Letter of Credit or Credit Support as to which the Agent has previously received for the account of the Letter of Credit Issuer thereof payment from a Lender, the Agent shall promptly pay to such Lender such Lender’s Pro Rata Share of such payment from the Borrower. Each such payment shall be made by the Agent on the next Settlement Date.
Appears in 10 contracts
Samples: Credit Agreement (Advanced Micro Devices Inc), Credit Agreement (MWI Veterinary Supply, Inc.), Credit Agreement (Saks Inc)
Sharing of Reimbursement Obligation Payments. Whenever the Agent receives a payment from the Borrower on account of reimbursement obligations in respect of a Letter of Credit or Credit Support as to which the Agent has previously received for the account of the applicable Letter of Credit Issuer thereof payment from a Lender, the Agent shall promptly pay to such Lender such Lender’s applicable Pro Rata Share of such payment from the Borrower. Each such payment shall be made by the Agent on the next Settlement Date.
Appears in 8 contracts
Samples: Credit Agreement (ProFrac Holding Corp.), Credit Agreement (ProFrac Holding Corp.), Restatement Agreement (ProPetro Holding Corp.)
Sharing of Reimbursement Obligation Payments. Whenever the Agent receives a payment from the Borrower Borrowers on account of reimbursement obligations in respect of a Letter of Credit or Credit Support as to which the Agent has previously received for the account of the Letter of Credit Issuer thereof payment from a Lender, the Agent shall promptly pay to such Lender such Lender’s 's Pro Rata Share of such payment from the BorrowerBorrowers. Each such payment shall be made by the Agent on the next Settlement Date.
Appears in 8 contracts
Samples: Credit Agreement (Maxxam Inc), Credit Agreement (Unova Inc), Credit Agreement (Enpro Industries Inc)
Sharing of Reimbursement Obligation Payments. Whenever the Agent receives a payment from the Borrower on account of reimbursement obligations in respect of a Letter of Credit or Credit Support as to which the Agent has previously received for the account of the Letter of Credit Issuer thereof payment from a Lender, the Agent shall promptly pay to such Lender such Lender’s 's Pro Rata Share of such payment from the Borrower. Each such payment shall be made by the Agent on the next Settlement Date.
Appears in 7 contracts
Samples: Credit Agreement (Saks Inc), Credit Agreement (3com Corp), Credit Agreement (Acg Holdings Inc)
Sharing of Reimbursement Obligation Payments. Whenever the Agent receives a payment from the Borrower on account of reimbursement obligations in respect of a Letter of Credit or Credit Support as to which the Agent has previously received for the account of the applicable Letter of Credit Issuer thereof payment from a Lender, the Agent shall promptly pay to such Lender such LenderXxxxxx’s applicable Pro Rata Share of such payment from the Borrower. Each such payment shall be made by the Agent on the next Settlement Date.
Appears in 6 contracts
Samples: Credit Agreement (ProPetro Holding Corp.), Credit Agreement (ProFrac Holding Corp.), Credit Agreement (ProFrac Holding Corp.)
Sharing of Reimbursement Obligation Payments. Whenever the Agent receives a payment from the any Borrower on account of reimbursement obligations in respect of a Letter of Credit or Credit Support as to which the Agent has previously received for the account of the applicable Letter of Credit Issuer thereof payment from a Lender, the Agent shall promptly pay to such Lender such Lender’s applicable Pro Rata Share of such payment from the applicable Borrower. Each such payment shall be made by the Agent on the next Settlement Date.
Appears in 6 contracts
Samples: Credit Agreement (Herc Holdings Inc), Credit Agreement (Herc Holdings Inc), Credit Agreement (Herc Holdings Inc)
Sharing of Reimbursement Obligation Payments. Whenever the Agent receives a payment from the any Borrower on account of reimbursement obligations in respect of a Letter of Credit or Credit Support as to which the Agent has previously received for the account of the Letter of Credit Issuer thereof payment from a Lender, the Agent shall promptly pay to such Lender such Lender’s 's Pro Rata Share of such payment from the such Borrower. Each such payment shall be made by the Agent on the next Settlement Date.
Appears in 5 contracts
Samples: Credit Agreement (3com Corp), Credit Agreement (North American Pipe Corp), Credit Agreement (Mail Well Inc)
Sharing of Reimbursement Obligation Payments. Whenever the Agent receives a payment from the any Borrower on account of reimbursement obligations in respect of a Letter of Credit or Credit Support as to which the Agent has previously received for the account of the Letter of Credit Issuer thereof payment from a Lender, the Agent shall promptly pay to such Lender such Lender’s Pro Rata Share of such payment from the such Borrower. Each such payment shall be made by the Agent on the next Settlement Date.
Appears in 4 contracts
Samples: Credit Agreement (Unifi Inc), Credit Agreement (Levi Strauss & Co), Credit Agreement (Levi Strauss & Co)
Sharing of Reimbursement Obligation Payments. Whenever the Agent receives a payment from the Borrower Borrowers on account of reimbursement obligations in respect of a Letter of Credit or Credit Support as to which the Agent has previously received for the account of the Letter of Credit Issuer thereof payment from a Lender, the Agent shall promptly pay to such Lender such Lender’s Pro Rata Share Xxxxxx's Revolving Loan Percentage of such payment from the Borrower. Each such payment shall be made by the Agent on the next Settlement DateBorrowers.
Appears in 4 contracts
Samples: Loan and Security Agreement (Century Aluminum Co), Loan and Security Agreement (Century Aluminum Co), Loan and Security Agreement (Century Aluminum Co)
Sharing of Reimbursement Obligation Payments. Whenever the Agent receives a payment from the Borrower Borrowers on account of reimbursement obligations in respect of a Letter of Credit or Credit Support as to which the Agent has previously received for the account of the Letter of Credit Issuer thereof payment from a Lender, the Agent shall promptly pay to such Lender such Lender’s Pro Rata Share of such payment from the BorrowerBorrowers. Each such payment shall be made by the Agent on the next Settlement Date.
Appears in 3 contracts
Samples: Credit Agreement (Omnova Solutions Inc), Credit Agreement (Caraustar Industries Inc), Credit Agreement (Caraustar Industries Inc)
Sharing of Reimbursement Obligation Payments. Whenever the Agent receives a payment from the Borrower on account of reimbursement obligations in respect of a Letter of Credit or Credit Support as to which the Agent has previously received for the account of the Letter of Credit Issuer thereof payment from a Lender, the Agent shall promptly pay to such Lender such Lender’s 's Pro Rata Share of such payment from the BorrowerBorrower in Dollars. Each such payment shall be made by the Agent on the next Settlement Date.
Appears in 3 contracts
Samples: Loan and Security Agreement (Eddie Bauer Holdings, Inc.), Loan and Security Agreement (Eddie Bauer Holdings, Inc.), Loan and Security Agreement (Eddie Bauer Holdings, Inc.)
Sharing of Reimbursement Obligation Payments. Whenever the Agent receives a payment from the any Borrower on account of reimbursement obligations in respect of a Letter of Credit or Credit Support as to which the Agent has previously received for the account of the Letter of Credit Issuer thereof payment from a Revolving Credit Lender, the Agent shall promptly pay to such Revolving Credit Lender such Revolving Credit Lender’s Pro Rata Share of such payment from the such Borrower. Each such payment shall be made by the Agent on the next Settlement Date.
Appears in 3 contracts
Samples: Credit Agreement (Fleetwood Enterprises Inc/De/), Credit Agreement (Fleetwood Enterprises Inc/De/), Credit Agreement (Fleetwood Enterprises Inc/De/)
Sharing of Reimbursement Obligation Payments. Whenever the Agent receives a payment from the a Borrower on account of reimbursement obligations in respect of a Letter of Credit or Credit Support L/C Borrowing as to which the Agent has previously received for the account of the a Letter of Credit Issuer thereof payment from a Lender, the Agent shall promptly pay to such Lender such Lender’s Pro Rata Share of such payment from the such Borrower. Each such payment shall be made by the Agent on the next Settlement Date.
Appears in 2 contracts
Samples: Credit Agreement (Ann Inc.), Credit Agreement (Anntaylor Stores Corp)
Sharing of Reimbursement Obligation Payments. Whenever the Agent receives a payment from the Borrower Loan Parties on account of reimbursement obligations in respect of a Letter of Credit or Credit Support as to which the Agent has previously received for the account of the Letter of Credit Issuer thereof payment from a Lender, the Agent shall promptly pay to such Lender such Lender’s 's Pro Rata Share of such payment from the Borrower. Each such payment shall be made by the Agent on the next Settlement Date.
Appears in 2 contracts
Samples: Credit Agreement (Applica Inc), Credit Agreement (Applica Inc)
Sharing of Reimbursement Obligation Payments. Whenever the Agent receives a payment from the Borrower Borrowers on account of reimbursement obligations in respect of a Letter of Credit or Credit Support as to which the Agent has previously received for the account of the applicable Letter of Credit Issuer thereof payment from a U.S. Lender, the Agent shall promptly pay to such U.S. Lender such U.S. Lender’s Pro Rata Share of such payment from the Borrowerapplicable Borrowers. Each such payment shall be made by the Agent on the next Settlement Date.
Appears in 2 contracts
Samples: Credit Agreement (United Rentals North America Inc), Credit Agreement (United Rentals Inc /De)
Sharing of Reimbursement Obligation Payments. Whenever the Agent receives a payment from the a Borrower on account of reimbursement obligations in respect of a Letter of Credit or Credit Support as to which the Agent has previously received for the account of the Agent or the Letter of Credit Issuer thereof payment from a Lender, the Agent shall promptly pay to such Lender such Lender’s 's Pro Rata Share of such payment from the such Borrower. Each such payment shall be made by the Agent on the next Settlement Date.
Appears in 2 contracts
Samples: Credit Agreement (Egl Inc), Credit Agreement (Daisytek International Corporation /De/)
Sharing of Reimbursement Obligation Payments. Whenever the Agent receives a payment from the Borrower Borrowers on account of reimbursement obligations in respect of a Letter of Credit or Credit Support as to which the Agent has previously received for the account of the Letter of Credit Issuer thereof payment from a Lender, the Agent shall promptly pay to such Lender such Lender’s Pro Rata Share share of such payment from the BorrowerBorrowers. Each such payment shall be made by the Agent on the next Settlement Date.
Appears in 2 contracts
Samples: Loan and Security Agreement (Integrated Electrical Services Inc), Loan and Security Agreement (Integrated Electrical Services Inc)
Sharing of Reimbursement Obligation Payments. Whenever the Agent receives a payment from the Borrower any Obligor on account of reimbursement obligations in respect of a Letter of Credit or Credit Support as to which the Agent has previously received for the account of the Letter of Credit Issuer thereof payment from a Lender, the Agent shall promptly pay to such Lender such Lender’s Pro Rata Share of such payment from the Borrowersuch Obligor. Each such payment shall be made by the Agent on the next Settlement Date.
Appears in 2 contracts
Samples: Credit Agreement (PSS World Medical Inc), Credit Agreement (PSS World Medical Inc)
Sharing of Reimbursement Obligation Payments. Whenever the Agent receives a payment from the a Borrower on account of reimbursement obligations in respect of a Letter of Credit or Credit Support as to which the Agent has previously received for the account of the Agent or the Letter of Credit Issuer thereof payment from a Lender, the Agent shall promptly pay to such Lender such Lender’s Pro Rata Share Share, based upon its Revolving Loans Commitment, of such payment from the such Borrower. Each such payment shall be made by the Agent on the next Settlement Date.
Appears in 1 contract
Sharing of Reimbursement Obligation Payments. Whenever the Agent receives a payment from the any Borrower on account of reimbursement obligations in respect of a Letter of Credit or Credit Support as to which the Agent has previously received for the account of the Letter of Credit Issuer thereof payment from a Lender, the Agent shall promptly pay to such Lender such LenderXxxxxx’s Pro Rata Share of such payment from the Borrowersuch Borrower in Dollars. Each such payment shall be made by the Agent on the next Settlement Date.
Appears in 1 contract
Samples: Loan and Security Agreement
Sharing of Reimbursement Obligation Payments. Whenever the Agent receives a payment from the Borrower or other Loan Party on account of reimbursement obligations in respect of a Letter of Credit or Credit Support as to which the Agent has previously received for the account of the Letter of Credit Issuer thereof payment from a Lender, the Agent shall promptly pay to such Lender such Lender’s 's Pro Rata Share of such payment from the BorrowerBorrower or other Loan Party. Each such payment shall be made by the Agent on the next Settlement Date.
Appears in 1 contract
Samples: Credit Agreement (Coorstek Inc)
Sharing of Reimbursement Obligation Payments. Whenever the Agent receives a payment from the Borrower Borrowers on account of reimbursement obligations in respect of a Letter of Credit or Credit Support as to which the Agent has previously received payment from a Lender for the account of the Letter of Credit Issuer thereof payment from a LenderIssuer, the Agent shall promptly pay to such Lender such Lender’s Pro Rata Share Revolving Loan Percentage of such payment from the Borrower. Each such payment shall be made by the Agent on the next Settlement DateBorrowers.
Appears in 1 contract
Sharing of Reimbursement Obligation Payments. Whenever the Agent receives a payment from the a Borrower on account of reimbursement obligations in respect of a Letter of Credit or Credit Support as to which the Agent has previously received for the account of the a Letter of Credit Issuer thereof payment from a Lender, the Agent shall promptly pay to such Lender such Lender’s 's Pro Rata Share of such payment from the such Borrower. Each such payment shall be made by the Agent on the next Settlement Date.
Appears in 1 contract
Sharing of Reimbursement Obligation Payments. Whenever the Agent receives a payment from the a Borrower on account of reimbursement obligations in respect of a Letter of Credit or Credit Support as to which the Agent has previously received for the account of the Agent or the Letter of Credit Issuer thereof payment from a Lender, the Agent shall promptly pay to such Lender such Lender’s 's Pro Rata Share of such payment from the such Borrower. Each such payment shall be made by the Agent on the next Settlement Date.
Appears in 1 contract
Sharing of Reimbursement Obligation Payments. Whenever the Agent receives a payment from the Borrower on account of reimbursement obligations in respect of a Letter of Credit or Credit Support as to which the Agent has previously received for the account of the applicable Letter of Credit Issuer thereof payment from a Revolving Credit Lender, the Agent shall promptly pay to such Revolving Credit Lender such Revolving Credit Lender’s applicable Pro Rata Share of such payment from the Borrower. Each such payment shall be made by the Agent on the next Settlement Date.
Appears in 1 contract
Sharing of Reimbursement Obligation Payments. Whenever the Agent receives a payment from the Borrower Borrowers or other Loan Party on account of reimbursement obligations in respect of a Letter of Credit or Credit Support as to which the Agent has previously received for the account of the Letter of Credit Issuer thereof payment from a Lender, the Agent shall promptly pay to such Lender such Lender’s 's Pro Rata Share of such payment from the BorrowerBorrowers or other Loan Party. Each such payment shall be made by the Agent on the next Settlement Date.
Appears in 1 contract
Sharing of Reimbursement Obligation Payments. Whenever the Agent receives a payment from the any Borrower on account of reimbursement obligations in respect of a Letter of Credit or Credit Support as to which the Agent has previously received for the account of the Letter of Credit Issuer thereof payment from a LenderLender pursuant to Section 2.3(e)(2), the Agent shall promptly pay to such Lender such Lender’s 's Pro Rata Share of such payment from the Borrowersuch Borrower in Dollars. Each such payment shall be made by the Agent on the next Settlement Date.
Appears in 1 contract
Sharing of Reimbursement Obligation Payments. Whenever the Agent receives a payment from the a Borrower on account of reimbursement obligations in respect of a Letter of Credit or Credit Support as to which the Agent has previously received for the account of the Agent or the Letter of Credit Issuer thereof payment from a Lender, the Agent shall promptly pay to such Lender such Lender’s 's Pro Rata Share of such payment from the Borrower. Each such payment shall be made by the Agent on the next Settlement Date.
Appears in 1 contract
Sharing of Reimbursement Obligation Payments. Whenever the Agent receives a payment from the Borrower on account of reimbursement obligations in respect of a Letter of Credit or Credit Support as to which the Agent has previously received for the account of the Agent or the Letter of Credit Issuer thereof payment from a Lender, the Agent shall promptly pay to such Lender such Lender’s 's Pro Rata Share of such payment from the Borrower. Each such payment shall be made by the Agent on the next Settlement Date.
Appears in 1 contract
Samples: Credit Agreement (Texas Petrochemical Holdings Inc)
Sharing of Reimbursement Obligation Payments. Whenever the Agent receives a payment from the a Borrower on account of reimbursement obligations in respect of a Letter of Credit or Credit Support as to which the Agent has previously received for the account of the Agent or the Letter of Credit Issuer thereof payment from a Lender, the Agent shall promptly pay to such Lender such Lender’s 's Pro Rata Share Share, based upon its Revolving Loans Commitment, of such payment from the such Borrower. Each such payment shall be made by the Agent on the next Settlement Date.
Appears in 1 contract
Sharing of Reimbursement Obligation Payments. Whenever the Agent receives a payment from the Borrower Loan Parties on account of reimbursement obligations in respect of a Letter of Credit or Credit Support as to which the Agent has previously received for the account of the Letter of Credit Issuer thereof payment from a Lender, the Agent shall promptly pay to such Lender such Lender’s Pro Rata Share of such payment from the BorrowerBorrowers. Each such payment shall be made by the Agent on the next Settlement Date.
Appears in 1 contract
Samples: Credit Agreement (Salton Inc)
Sharing of Reimbursement Obligation Payments. Whenever the Agent receives a payment from the Borrower Obligated Parties on account of reimbursement obligations in respect of a Letter of Credit or Credit Support as to which the Agent has previously received for the account of the Letter of Credit Issuer thereof payment from a Lender, the Agent shall promptly pay to such Lender such Lender’s Pro Rata Share of such payment from the BorrowerObligated Parties. Each such payment shall be made by the Agent on the next Settlement Date.
Appears in 1 contract
Sharing of Reimbursement Obligation Payments. Whenever the Agent receives a payment from the a Borrower on account of reimbursement obligations in respect of a Letter of Credit or Credit Support Acceptance as to which the Agent has previously received for the account of the Agent, or the Letter of Credit Issuer thereof or the Acceptance Lender payment from a Lender, the Agent shall promptly pay to such Lender such Lender’s 's Pro Rata Share of such payment from the such Borrower. Each such payment shall be made by the Agent on the next Settlement Date.
Appears in 1 contract
Samples: Credit Agreement (Brown Shoe Co Inc)
Sharing of Reimbursement Obligation Payments. Whenever the Agent receives a payment from the a Borrower on account of reimbursement obligations in respect of a Letter of Credit or Credit Support as to which the Agent has previously received for the account of the Letter of Credit Issuer thereof payment from a Lender, the Agent shall promptly pay to such Lender such LenderLxxxxx’s Pro Rata Share of such payment from the such Borrower. Each such payment shall be made by the Agent on the next Revolving Loan Settlement Date.
Appears in 1 contract
Sharing of Reimbursement Obligation Payments. Whenever the Agent receives a payment from the Borrower Loan Parties on account of reimbursement obligations in respect of a Letter of Credit or Credit Support as to which the Agent has previously received for the account of the Letter of Credit Issuer thereof payment from a Lender, the Agent shall promptly pay to such Lender such Lender’s Pro Rata Share of such payment from the Borrower. Each such payment shall be made by the Agent on the next Settlement Date.
Appears in 1 contract
Samples: Credit Agreement (Applica Inc)
Sharing of Reimbursement Obligation Payments. Whenever the Agent receives a payment from the Borrower Borrowers on account of reimbursement obligations in respect of a Letter of Credit or Credit Support as to which the Agent has previously received for the account of the Letter of Credit Issuer thereof payment from a Lender, the Agent shall promptly pay to such Lender such Lender’s Pro Rata Share 's Revolving Loan Percentage of such payment from the Borrower. Each such payment shall be made by the Agent on the next Settlement DateBorrowers.
Appears in 1 contract
Sharing of Reimbursement Obligation Payments. Whenever the Agent receives a payment from the Borrower any Obligor on account of reimbursement obligations in respect of a Letter of Credit or Credit Support as to which the Agent has previously received for the account of the Letter of Credit Issuer thereof payment from a Lender, the Agent shall promptly pay to such Lender such Lender’s Pro Rata Share of such payment from the Borrowersuch Obligor. Each such payment shall be made by the Agent on the next Settlement Date.
Appears in 1 contract
Samples: Credit and Security Agreement (PSS World Medical Inc)
Sharing of Reimbursement Obligation Payments. Whenever the Agent receives a payment from the Borrower on account of reimbursement obligations in respect of a Letter of Credit or Credit Support as owed to which the Agent has previously received for the account of the Letter of Credit Issuer thereof payment from a Lender, the Agent shall promptly pay to such Lender such Lender’s Pro Rata Share of such payment from the Borrower. Each such payment shall be made by the Agent on the next Revolving Loan Settlement Date.
Appears in 1 contract
Sharing of Reimbursement Obligation Payments. Whenever -------------------------------------------- the Agent receives a payment from the any Borrower on account of reimbursement obligations in respect of a Letter of Credit or Credit Support as to which the Agent has previously received for the account of the Letter of Credit Issuer thereof payment from a Lender, the Agent shall promptly pay to such Lender such Lender’s 's Pro Rata Share of such payment from the such Borrower. Each such payment shall be made by the Agent on the next Settlement Date.
Appears in 1 contract
Samples: Credit Agreement (Mail Well Inc)
Sharing of Reimbursement Obligation Payments. Whenever the Agent receives a payment from the any Borrower on account of reimbursement obligations in respect of a Letter of Credit or Credit Support as to which the Agent has previously received for the account of the a Letter of Credit Issuer thereof payment from a Lender, the Agent shall promptly pay to such Lender such Lender’s Pro Rata Share of such payment from the such Borrower. Each such payment shall be made by the Agent on the next Settlement Date.
Appears in 1 contract
Sharing of Reimbursement Obligation Payments. Whenever the Agent receives a payment from the a Borrower on account of reimbursement obligations in respect of a Letter of Credit or Credit Support as to which the Agent has previously received for the account of the Agent or the Letter of Credit Issuer thereof payment from a Lender, the Agent shall promptly pay to such Lender such Lender’s Pro Rata Share of such payment from the such Borrower. Each such payment shall be made by the Agent on the next Settlement Date.
Appears in 1 contract
Sharing of Reimbursement Obligation Payments. Whenever the Agent receives a payment from the Borrower on account of reimbursement obligations in respect respect
of a Letter of Credit or Credit Support as to which the Agent has previously received for the account of the Letter of Credit Issuer thereof payment from a Lender, the Agent shall promptly pay to such Lender such Lender’s 's Pro Rata Share of such payment from the Borrower. Each such payment shall be made by the Agent on the next Settlement Date.
Appears in 1 contract
Sharing of Reimbursement Obligation Payments. Whenever the Agent receives a payment from the Borrower on account of reimbursement obligations in respect of a Letter of Credit or Credit Support as to which the Agent has previously received for the account of the Letter of Credit Issuer thereof payment from a Lender, the Agent shall promptly pay to such Lender such Lender’s Pro Rata Share of such payment from the Borrower. Each such payment shall be made by the Agent on the next Settlement Date.
Appears in 1 contract
Samples: Credit Agreement (Spherion Corp)
Sharing of Reimbursement Obligation Payments. Whenever -------------------------------------------- the Agent receives a payment from the a Borrower on account of reimbursement obligations in respect of a Letter of Credit or Credit Support as to which the Agent has previously received for the account of the Agent or the Letter of Credit Issuer thereof payment from a Lender, the Agent shall promptly pay to such Lender such Lender’s 's Pro Rata Share of such payment from the such Borrower. Each such payment shall be made by the Agent on the next Settlement Date.
Appears in 1 contract
Sharing of Reimbursement Obligation Payments. Whenever the Agent receives a payment from the any Borrower on account of reimbursement obligations in respect of a Letter of Credit or Credit Support as to which the Agent has previously received for the account of the applicable Letter of Credit Issuer thereof payment from a Pro Rata Revolving Credit Lender, the Agent shall promptly pay to such Lender such Lender’s Pro Rata Share of such payment from the Borrower. Each such payment shall be made by the Agent on the next Settlement Date.Revolving Credit Lender such
Appears in 1 contract
Samples: Credit Agreement (United Rentals North America Inc)
Sharing of Reimbursement Obligation Payments. Whenever the Agent receives a payment from the a Borrower on account of reimbursement obligations in respect of a Letter of Credit or Credit Support as to which the Agent has previously received for the account of the Agent or the Letter of Credit Issuer thereof payment from a Lender, the Agent shall promptly pay to such Lender such Lender’s Pro Rata Share of such payment from the such Borrower. Each such payment shall be made by the Agent on the next Settlement Date.
Appears in 1 contract
Samples: Loan Agreement (Jeffboat LLC)
Sharing of Reimbursement Obligation Payments. Whenever the Agent receives a payment from the Borrower on account of reimbursement obligations in respect of a Letter of Credit or Credit Support as to which the Agent has previously received for the account of the applicable Letter of Credit Issuer thereof payment from a Lender, the Agent shall promptly pay to such Lender such Lender’s Pro Rata Share of such payment from the Borrower. Each such payment shall be made by the Agent on the next Settlement Date.Lxxxxx’s
Appears in 1 contract
Sharing of Reimbursement Obligation Payments. Whenever the Agent receives a payment from the Borrower Borrowers on account of reimbursement obligations in respect of a Letter of Credit or Credit Support as to which the Agent has previously received for the account of the Letter of Credit Issuer thereof payment from a Lender, the Agent shall promptly pay to such Lender such Lender’s Pro Rata Share of such payment from the BorrowerBorrowers. Each such payment shall be made by the Agent on or before the next Settlement Date.
Appears in 1 contract
Samples: Credit Agreement (Saks Inc)
Sharing of Reimbursement Obligation Payments. Whenever the Agent receives a payment from the Borrower Borrowers on account of reimbursement obligations in respect of a Letter of Credit or Credit Support as to which the Agent has previously received for the account of the Letter of Credit Issuer thereof payment from a Lender, the Agent shall promptly pay to such Lender such Lender’s 's Pro Rata Share share of such payment from the BorrowerBorrowers. Each such payment shall be made by the Agent on the next Settlement Date.
Appears in 1 contract
Samples: Loan and Security Agreement (Integrated Electrical Services Inc)
