Reimbursement Agreement for Standby Letter(s) of Credit Sample Contracts

Reimbursement Agreement for Standby Letter(s) of Credit
Reimbursement Agreement for Standby Letter(s) of Credit • December 28th, 2012 • Miscor Group, Ltd. • Services-miscellaneous repair services

THIS REIMBURSEMENT AGREEMENT FOR STANDBY LETTER(S) OF CREDIT (this “Agreement”) is made as of this day of December, 2012, by MISCOR GROUP, LTD. (the “Obligor”), with an address at 800 Nave Road, Southeast, Massillon, Ohio 44646 in favor of PNC BANK, NATIONAL ASSOCIATION (the “Bank”), with an address at 213 Market Avenue North, Suite 250, Canton, Ohio 44702. From time to time by submitting an application in a form approved by the Bank (an “Application”), the Obligor or any of its subsidiaries or affiliates may request the Bank to issue one or more letters of credit (each, a “Credit”). The Bank may issue any such Credit, but the Bank shall have no obligation to do so unless otherwise agreed in writing. The Obligor agrees that the following terms and conditions shall apply to any Credit:

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