Reimbursement Obligations definition

Reimbursement Obligations means, at any time, the aggregate of all obligations of the Borrower then outstanding under Section 2.20 to reimburse the LC Issuer for amounts paid by the LC Issuer in respect of any one or more drawings under Facility LCs.

Reimbursement Obligations means at any time all obligations of the Borrower to reimburse the Issuing Lenders pursuant to Section 3.07 for amounts paid by the Issuing Lenders in respect of drawings under Letters of Credit, including any portion of any such obligation to which a Lender has become subrogated pursuant to Section 3.09.

Reimbursement Obligations means the outstanding obligations of the Borrower under Section 2.16 to reimburse an LC Issuer for amounts paid by such LC Issuer in respect of any drawing under a Facility LC.

Examples of Reimbursement Obligations in a sentence

• All action necessary to create a first lien on the property securing the Bonds and the Reimbursement Obligations pursuant to the Indenture, this Agreement and Applicable Law have been duly and validly taken.

• All such repayments shall be applied (i) first, to prepay the outstanding Swingline Loans to the full extent thereof, (ii) second, to prepay the Revolving Credit Loans to the full extent thereof, (iii) third, to prepay outstanding Reimbursement Obligations, and (v) fourth, to Cash Collateralize Letters of Credit in an amount equal to the Minimum Collateral Amount.

• The Indenture creates the legally valid, binding and irrevocable lien on and pledge of the Revenues and the Pledged Funds to secure the Reimbursement Obligations.

• The District shall ensure that all termination payments, if any, under any interest rate swap agreement or similar instrument that are secured by Revenues shall be expressly subordinate to the repayment of the Bonds and Reimbursement Obligations.

• The Bonds and the Reimbursement Obligations constitute Senior Obligations.

More Definitions of Reimbursement Obligations

Reimbursement Obligations means, at any time, with respect to any LC Issuer, the aggregate of all obligations of the Borrower then outstanding under Section 2.20 to reimburse such LC Issuer for amounts paid by such LC Issuer in respect of any one or more drawings under Facility LCs issued by such LC Issuer; or, as the context may require, all such Reimbursement Obligations then outstanding to reimburse all of the LC Issuers.

Reimbursement Obligations the obligation of the applicable Borrower to reimburse the applicable Issuing Lender pursuant to subsection 3.5(a) for amounts drawn under the applicable Letters of Credit.

Reimbursement Obligations means the reimbursement or repayment obligations of a Borrower to an Issuing Bank pursuant to Article 3 or pursuant to a Reimbursement Agreement with respect to amounts that have been drawn under Letters of Credit.

Reimbursement Obligations means Borrower's obligations under Section 2.18(e) to reimburse LC Disbursements.

Reimbursement Obligations means the aggregate amount of all unreimbursed drawings under all Letters of Credit (excluding for the avoidance of doubt, reimbursement obligations that are deemed satisfied pursuant to a deemed disbursement under Section 3.6(a)).

Reimbursement Obligations means, at any time, the obligations of the Borrowers to reimburse amounts paid by any Issuing Bank in respect of any drawings under a Letter of Credit.

Reimbursement Obligations means, at any time, the aggregate (without duplication) of the Obligations of the Borrower to the Lenders, the Issuer and/or the Agent in respect of all unreimbursed payments or disbursements made by the Lenders, the Issuer and/or the Agent under or in respect of draws made under the Letters of Credit.