Common use of Sharing of Reimbursement Obligation Payments Clause in Contracts

Sharing of Reimbursement Obligation Payments. Whenever the Administrative Agent receives a payment from a Borrower on account of reimbursement obligations in respect of a Letter of Credit or Credit Support as to which the Administrative Agent has previously received for the account of the Letter of Credit Issuer thereof payment from a Revolving Lender, the Administrative Agent shall promptly pay to such Revolving Lender such Revolving Lender's Pro Rata Share of such payment from such Borrower. Each such payment shall be made by the Administrative Agent on the next Settlement Date.

Sharing of Reimbursement Obligation Payments. Whenever the Administrative Agent receives a payment from a Borrower on account of reimbursement obligations in respect of a Letter of Credit or Credit Support as to which the Administrative Agent has previously received for the account of the Administrative Agent or the Letter of Credit Issuer thereof payment from a Revolving Lender, the Administrative Agent shall promptly pay to such Revolving Lender such Revolving Lender's ’s Pro Rata Share of such payment from such Borrower. Each such payment shall be made by the Administrative Agent on the next Settlement Date.

Sharing of Reimbursement Obligation Payments. Whenever the Administrative Agent receives a payment from a Borrower on account of reimbursement obligations in respect of a Letter of Credit or Credit Support as to which the Administrative Agent has previously received for its account or the account of the Letter of Credit Issuer thereof payment from a Revolving Lender, the Administrative Agent shall promptly pay to such Revolving Lender such Revolving Lender's ’s Pro Rata Share of such payment from such Borrower. Each such payment shall be made by the Administrative Agent on the next Settlement Date.

Sharing of Reimbursement Obligation Payments. Whenever the Administrative Agent receives a payment from a Borrower on account of reimbursement obligations in respect of a Letter of Credit or Credit Support as to which the Administrative Agent has previously received for the account of the Letter of Credit Issuer thereof payment from a Revolving Lender, the Administrative Agent shall promptly pay to such Revolving Lender such Revolving Lender's ’s Pro Rata Share of such payment from such Borrower. Each such payment shall be made by the Administrative Agent on the next Settlement Date.

Sharing of Reimbursement Obligation Payments. Whenever the Administrative Agent receives a payment from a Borrower the Borrowers on account of reimbursement obligations in respect of a Letter of Credit or Credit Support as to which the Administrative Agent has previously received for the account of the Letter of Credit Issuer thereof payment from a Revolving Lender, the Administrative Agent shall promptly pay to such Revolving Lender such Revolving Lender's Pro Rata Share of such payment from such Borrowerthe Borrowers. Each such payment shall be made by the Administrative Agent on the next Settlement Date.

Sharing of Reimbursement Obligation Payments. Whenever the Administrative Agent receives a payment from a Borrower on account of reimbursement obligations in respect of a Letter of Credit or Credit Support as to which the Administrative Agent has previously received for the account of the Letter of Credit Issuer thereof payment from a Revolving Lender, the Administrative Agent shall promptly pay to such Revolving Lender such Revolving Lender's ’s Pro Rata Share of such payment from such Borrower. Each such payment shall be made by the Administrative Agent on the next Settlement Date.

Sharing of Reimbursement Obligation Payments. Whenever the Administrative Agent receives a payment from a Borrower on account of reimbursement HOUSTON\2261364 obligations in respect of a Letter of Credit or Credit Support as to which the Administrative Agent has previously received for the account of the Letter of Credit Issuer thereof payment from a Revolving LC Lender, the Administrative Agent shall promptly pay to such Revolving LC Lender such Revolving LC Lender's Pro Rata Share of such payment from such Borrower. Each such payment shall be made by the Administrative Agent on the next Settlement Date.

Sharing of Reimbursement Obligation Payments. Whenever the Administrative Agent receives a payment from a the Borrower on account of reimbursement obligations in respect of a Letter of Credit or Credit Support as to which the Administrative Agent has previously received for the account of the Letter of Credit Issuer thereof payment from a Revolving Lender, the Administrative Agent shall promptly pay to such Revolving Lender such Revolving Lender's Pro Rata Share of such payment from such the Borrower. Each such payment shall be made by the Administrative Agent on the next Settlement Date.

Sharing of Reimbursement Obligation Payments. Whenever the Administrative Agent receives a payment from a Borrower the Borrowers on account of reimbursement obligations in respect of a Letter of Credit or Credit Support an Acceptance as to which the Administrative Agent has previously received for the account of the Letter of Credit Issuer thereof payment from a Revolving Lender, the Administrative Agent shall promptly pay to such Revolving Lender such Revolving Lender's Pro Rata Share of such payment from such Borrowerthe Borrowers. Each such payment shall be made by the Administrative Agent on the next Settlement Date.

Sharing of Reimbursement Obligation Payments. Whenever the Administrative Agent receives a payment from a Borrower on account of reimbursement obligations in respect of a Letter of Credit or Credit Support as to which the Administrative Agent has previously received for the account of the Administrative Agent or the Letter of Credit Issuer thereof payment from a Revolving Lender, the Administrative Agent shall promptly pay to such Revolving Lender such Revolving Lender's Pro Rata Share of such payment from such Borrower. Each such payment shall be made by the Administrative Agent on the next Settlement Date.

Sharing of Reimbursement Obligation Payments. Whenever the Administrative Agent receives a payment from a Borrower on account of reimbursement obligations in respect of a Letter of Credit or Credit Support as to which the Administrative Agent has previously received for its account or the account of the Letter of Credit Issuer thereof payment from a Revolving Lender, the Administrative Agent shall promptly pay to such Revolving Lender such Revolving Lender's ’s Pro Rata Share of such payment from such Borrower. Each such payment shall be made by the Administrative Agent on the next Settlement Date.