Reimbursement Obligation the obligation of the Borrower to reimburse the Issuing Lender pursuant to Section 3.5 for amounts drawn under Letters of Credit.
Reimbursement Obligation means the absolute, unconditional and irrevocable obligation of the Borrower to reimburse the Issuing Bank for any drawing honored by the Issuing Bank under a Letter of Credit.
Reimbursement Obligation is defined in Section 2.6.3.
Examples of Reimbursement Obligation in a sentence
The Manager, in its sole discretion, may impose a reasonable rate of interest (a rate no less than the Applicable Federal Rate (as defined in the Code)) on any Operating Expenses Reimbursement Obligation.
More Definitions of Reimbursement Obligation
Reimbursement Obligation shall have the meaning set forth in Section 2.14(b) hereof.
Reimbursement Obligation means the obligation of the Company or the Applicable Account Party to reimburse an Issuing Lender pursuant to Section 3.5 for amounts drawn under Letters of Credit.
Reimbursement Obligation means at any time, the obligation of the Borrower with respect to any Letter of Credit to reimburse the Issuing Bank and the Lenders to the extent of their respective Participations (including by the receipt by the Issuing Bank of proceeds of Loans pursuant to Section 3.2) for amounts theretofore paid by the Issuing Bank pursuant to a drawing under such Letter of Credit.
Reimbursement Obligation means as is specified in Section 2.8(c).
Reimbursement Obligation means the obligation of the Borrowers to reimburse each Issuing Lender pursuant to Section 2.20 for amounts drawn under Letters of Credit issued by such Issuing Lender.
Reimbursement Obligation is defined in Section 3.7 hereof.
Reimbursement Obligation shall have the meaning given to such term in Section 3.4.