Common use of Sharing of Reimbursement Obligation Payments Clause in Contracts

Sharing of Reimbursement Obligation Payments. Whenever Agent receives a payment from Borrowers on account of reimbursement obligations in respect of a Letter of Credit as to which the Agent has previously received for the account of the Letter of Credit Issuer thereof payment from a Lender pursuant to subparagraph 2.18(d)(ii), Agent shall promptly pay to such Lender such Lender’s Pro Rata Share of such payment from Borrowers in Dollars. Each such payment shall be made by Agent on the Business Day on which Agent receives immediately available funds paid to such Person pursuant to the immediately preceding sentence, if received prior to 3:00 p.m. (New York, New York time) on such Business Day and otherwise on the next succeeding Business Day.

Sharing of Reimbursement Obligation Payments. Whenever Agent receives a payment from Borrowers on account of reimbursement obligations in respect of a Letter of Credit as to which the Agent has previously received for the account of the Letter of Credit Issuer thereof payment from a Lender pursuant to subparagraph Section 2.18(d)(ii), Agent shall promptly pay to such Lender such LenderXxxxxx’s Pro Rata Share of such payment from Borrowers in Dollars. Each such payment shall be made by Agent on the Business Day on which Agent receives immediately available funds paid to such Person pursuant to the immediately preceding sentence, if received prior to 3:00 2:00 p.m. (New York, New York time) on such Business Day and otherwise on the next succeeding Business Day.

Sharing of Reimbursement Obligation Payments. Whenever the Agent receives a payment from Borrowers 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 issuer thereof payment from a Lender pursuant to subparagraph 2.18(d)(iiSection 2.4(e)(2), the Agent shall promptly pay to such Lender such Lender’s 's Pro Rata Share of such payment from Borrowers the Borrower in Dollars. Each such payment shall be made by the Agent on the Business Day on which the Agent receives immediately available funds paid to such Person pursuant to the immediately preceding sentence, if received prior to 3:00 1:00 p.m. (New York, New York time) on such Business Day and otherwise on the next succeeding Business Day.

Sharing of Reimbursement Obligation Payments. Whenever Agent receives a payment from Borrowers on account of reimbursement obligations in respect of a Letter of Credit as to which the Agent has previously received for the account of the Letter of Credit Issuer thereof payment from a Lender pursuant to subparagraph Section 2.18(d)(ii), Agent shall promptly pay to such Lender such Lender’s Pro Rata Share of such payment from Borrowers in Dollars. Each such payment shall be made by Agent on the Business Day on which Agent receives immediately available funds paid to such Person pursuant to the immediately preceding sentence, if received prior to 3:00 2:00 p.m. (New York, New York time) on such Business Day and otherwise on the next succeeding Business Day.

Sharing of Reimbursement Obligation Payments. Whenever Agent receives a payment from Borrowers on account of reimbursement obligations in respect of a Letter of Credit as to which the Agent has previously received for the account of the Letter of Credit Issuer thereof payment from a Lender pursuant to subparagraph Section 2.18(d)(ii), Agent shall promptly pay to such Lender such LenderLxxxxx’s Pro Rata Share of such payment from Borrowers in Dollars. Each such payment shall be made by Agent on the Business Day on which Agent receives immediately available funds paid to such Person pursuant to the immediately preceding sentence, if received prior to 3:00 2:00 p.m. (New York, New York time) on such Business Day and otherwise on the next succeeding Business Day.

Sharing of Reimbursement Obligation Payments. Whenever the Agent receives a payment from Borrowers 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 issuer thereof payment from a Lender pursuant to subparagraph 2.18(d)(iiSection 2.4(e)(2), the Agent shall promptly pay to such Lender such Lender’s 's Pro Rata Share of such payment from Borrowers the Borrower in Dollars. Each such payment shall be made by the Agent on the Business Day on which the Agent receives immediately available funds paid to such Person pursuant to the immediately preceding sentence, if received prior to 3:00 p.m. (New York, New York time) on such Business Day and otherwise on the next succeeding Business Day.

Sharing of Reimbursement Obligation Payments. Whenever the Agent receives a payment from Borrowers the Borrower on account of reimbursement obligations in respect of a Letter of Credit as to which the Agent has previously received for the account of the Letter of Credit Issuer issuer thereof payment from a Lender pursuant to subparagraph 2.18(d)(iiSection 2.2A(e)(2), the Agent shall promptly pay to such Lender such Lender’s 's Pro Rata Share of such payment from Borrowers the Borrower in Dollars. Each such payment shall be made by the Agent on the Business Day on which the Agent receives immediately available funds paid to such Person pursuant to the immediately preceding sentence, if received prior to 3:00 p.m. (New York, New York time) on such Business Day and otherwise on the next succeeding Business Day.

Sharing of Reimbursement Obligation Payments. Whenever the Agent receives a payment from Borrowers a Borrower on account of reimbursement obligations in respect of a Letter of Credit as to which the Agent has previously received for the account of the Letter of Credit Issuer issuer thereof payment from a Lender pursuant to subparagraph 2.18(d)(iiSection 2.3(d)(2), the Agent shall promptly pay to such Lender such Lender’s Xxxxxx's Pro Rata Share of such payment from Borrowers such Borrower in Dollars. Each such payment shall be made by the Agent on the Business Day on which the Agent receives immediately available funds paid to such Person pursuant to the immediately preceding sentence, if received prior to 3:00 4:00 p.m. (New York, New York City time) on such Business Day and otherwise on the next succeeding Business Day.

Sharing of Reimbursement Obligation Payments. Whenever the Agent receives a payment from Borrowers a Borrower on account of reimbursement obligations in respect of a Letter of Credit as to which the Agent has previously received for the account of the Letter of Credit L/C Issuer thereof payment from a Lender pursuant to subparagraph 2.18(d)(iiSection 2.3(e)(ii), the Agent shall promptly pay to such Lender such Lender’s 's Pro Rata Share of such payment from Borrowers such Borrower in Dollars. Each such payment shall be made by the Agent on the Business Day on which the Agent receives immediately available funds paid to such Person pursuant to the immediately preceding sentence, if received prior to 3:00 p.m. 12:00 noon (New York, New York City time) on such Business Day and otherwise on the next succeeding Business Day.

Sharing of Reimbursement Obligation Payments. Whenever the Agent receives a payment from Borrowers 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 issuer thereof payment from a Lender pursuant to subparagraph 2.18(d)(iiSection 2.4(e)(ii), the Agent shall promptly pay to such Lender such Lender’s Pro Rata Share of such payment from Borrowers such Borrower in Dollars. Each such payment shall be made by the Agent on the Business Day on which the Agent receives immediately available funds paid to such Person pursuant to the immediately preceding sentence, if received prior to 3:00 2:00 p.m. (New York, New York City time) on such Business Day and otherwise on the next succeeding Business Day.

Sharing of Reimbursement Obligation Payments. Whenever the Agent receives a payment from Borrowers 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 issuer thereof payment from a Lender pursuant to subparagraph 2.18(d)(iiSection 2.4(e)(2), the Agent shall promptly pay to such Lender such Lender’s 's Pro Rata Share of such payment from Borrowers the Borrower in Dollars. Each such payment shall be made by the Agent on the Business Day on which the Agent receives immediately available funds paid to such Person pursuant to the immediately preceding sentence, if received prior to 3:00 1:30 p.m. (New York, New York City time) on such Business Day and otherwise on the next succeeding Business Day.