Common use of Time of Reimbursement Clause in Contracts

Time of Reimbursement. Not later than 11:00 a.m. on the day each Drawing Payment is to be made by Issuing Bank, Borrower shall make or cause to be made to Issuing Bank a payment in the amount of such Drawing Payment (a "Reimbursement Payment"); provided, however, that Borrower shall make such Reimbursement Payment to, or cause such Reimbursement Payment to be made to, Agent for the benefit of the Banks if, prior to the time such Reimbursement Payment is made, Issuing Bank has notified Borrower that it has requested the Banks pursuant to clause (ii) of Subparagraph 2.02(d) to pay to Issuing Bank their respective Proportionate Shares of the Drawing Payment made by Issuing Bank. If any such Reimbursement Payment is made to Agent, Agent shall promptly pay to each Bank which has paid its Proportionate Share of the Drawing Payment, such Bank's Proportionate Share of the Reimbursement Payment and shall promptly pay to Issuing Bank the balance of such Reimbursement Payment.

Time of Reimbursement. Not later than 11:00 a.m. on the day each Drawing Payment is to be made by Issuing BankLender, Borrower shall make or cause to be made to Issuing Bank Lender a payment in the amount of such Drawing Payment (a "Reimbursement Payment"); provided, however, that Borrower shall make such Reimbursement Payment to, or cause such Reimbursement Payment to be made to, Agent for the benefit of the Banks Lenders if, prior to the time such Reimbursement Payment is made, Issuing Bank Lender has notified Borrower that it has requested the Banks Lenders pursuant to clause (ii) of Subparagraph 2.02(d) to pay to Issuing Bank Lender their respective Proportionate Shares of the Drawing Payment made by Issuing BankLender. If any such Reimbursement Payment is made to Agent, Agent shall promptly pay to each Bank Lender which has paid its Proportionate Share of the Drawing Payment, such BankLender's Proportionate Share of the Reimbursement Payment and shall promptly pay to Issuing Bank Lender the balance of such Reimbursement Payment.

Time of Reimbursement. Not later than 11:00 a.m. on the day each Drawing Payment is to be made by Issuing BankBank (if Borrower received notice from Issuing Bank pursuant to clause (i) of Subparagraph 2.02(c) prior to 9:00 a.m. on such day, or not later than 11:00 a.m. on the next Business Day if such notice is received after 9:00 a.m. on such day), Borrower shall make or cause to be made to Issuing Bank a payment in the amount of such Drawing Payment (a "Reimbursement Payment"); provided, however, that Borrower shall make such Reimbursement Payment to, or cause such Reimbursement Payment to be made to, Agent for the benefit of the Banks Lenders if, prior to the time such Reimbursement Payment is made, Issuing Bank has notified Borrower that it has requested the Banks Lenders pursuant to clause (ii) of Subparagraph 2.02(d) to pay to Issuing Bank their respective Proportionate Shares of the Drawing Payment made by Issuing Bank. If any such Reimbursement Payment is made to Agent, Agent shall promptly pay to each Bank Lender which has paid its Proportionate Share of the Drawing Payment, such BankLender's Proportionate Share of the Reimbursement Payment and shall promptly pay to Issuing Bank the balance of such Reimbursement Payment.