Common use of Sharing of Reimbursement Obligation Payments Clause in Contracts

Sharing of Reimbursement Obligation Payments. Whenever NationsBank receives a payment from or on behalf of the Borrower on account of a Reimbursement Obligation as to which the Agent has previously received for the account of NationsBank payment from a Lender pursuant to this SECTION 2A.7, NationsBank shall promptly pay to the Agent, for the benefit of such Lender, such Lender's Proportionate Share of the amount of such payment from the Borrower in Dollars. Each such payment shall be made by NationsBank on the Business Day on which NationsBank receives immediately available funds from the Agent pursuant to the immediately preceding sentence, if received prior to 11:00 a.m. on such Business Day, and otherwise on the next succeeding Business Day.

Sharing of Reimbursement Obligation Payments. Whenever NationsBank receives a payment from or on behalf of the Borrower on account of a Reimbursement Obligation reimbursement obligation on the Standby Letter of Credit as to which the Agent has previously received for the account of NationsBank payment from a Lender pursuant to this SECTION 2A.73.1, NationsBank shall promptly pay to the Agent, for the benefit of such Lender, such Lender's Proportionate Share Commitment Percentage of the amount of such payment from the Borrower in Dollars. Each such payment shall be made by NationsBank to the Agent on the Business Day on which NationsBank receives immediately available funds from the Agent pursuant to the immediately preceding sentence, if received prior to 11:00 a.m. (Atlanta time) on such Business Day, and otherwise on the next succeeding Business Day.

Sharing of Reimbursement Obligation Payments. Whenever NationsBank receives a payment from or on behalf of the Borrower Borrowers on account of a Reimbursement Obligation reimbursement obligation on any Letter of Credit as to which the Agent has previously received for the account of NationsBank payment from a Lender pursuant to this SECTION 2A.73.5, NationsBank shall promptly pay to the Agent, for the benefit of such Lender, such Lender's Proportionate Share Commitment Percentage of the amount of such payment from the Borrower Borrowers in Dollars. Each such payment shall be made by NationsBank to the Agent on the Business Day on which NationsBank receives immediately available funds from the Agent pursuant to the immediately preceding sentence, if received prior to 11:00 a.m. (Atlanta time) on such Business Day, and otherwise on the next succeeding Business Day.

Sharing of Reimbursement Obligation Payments. Whenever NationsBank receives a payment from or on behalf of the Borrower Borrowers on account of a Reimbursement Obligation as to which the Administrative Agent has previously received for the account of NationsBank payment from a Lender pursuant to this SECTION 2A.7Section 3.7, NationsBank shall promptly pay to the Administrative Agent, for the benefit of such Lender, such Lender's Proportionate Share of the amount of such payment from the Borrower Borrowers in Dollars. Each such payment shall be made by NationsBank on the Business Day on which NationsBank receives immediately available funds from the Administrative Agent pursuant to the immediately preceding sentence, if received prior to 11:00 a.m. 12:00 noon on such Business Day, and otherwise on the next succeeding Business Day.