Payments of Letters of Credit. Borrowers hereby promise to pay to Lender, ON DEMAND and in United States Dollars, the following which are herein collectively referred to as the “Current Letter of Credit Obligations”:
Payments of Letters of Credit. The Borrower hereby promises to pay to the Agent, ON DEMAND and in United States Dollars, the following which are herein collectively referred to as the "Current Letter of Credit Obligations":
Payments of Letters of Credit. The U.S. Borrower and the Dutch Borrower (as applicable) hereby promise to pay to the Lender, ON DEMAND and in Dollars or the Euro Currency Equivalent thereof (as applicable), the following that are herein collectively referred to as the "Current Letter of Credit Obligations":
Payments of Letters of Credit. The Borrowers hereby, jointly and severally, promise to pay to Citizens, ON DEMAND and in United States Dollars, the following which are herein collectively referred to as the “Citizens Current Letter of Credit Obligations”:
Payments of Letters of Credit. 67 Section 2.5 The Bond Letter of Credit Facility. 68 2.5.1 Bond Letter of Credit. 68 2.5.2 Bond Letter of Credit Fees. 68 2.5.3 Terms of Nevada Bond Letter of Credit. 69 2.5.4 Payments of Bond Letters of Credit. 69 Section 2.6 The UK Revolving Credit Facility. 71 2.6.1
Payments of Letters of Credit. 2.2.6 Change in Law; Increased Cost.
Payments of Letters of Credit. 16 2.2.6 Change in Law; Increased Cost. 18 2.2.7 General Letter of Credit Provisions. 18 Section 2.3
Payments of Letters of Credit. (a) The Borrower agrees to reimburse the issuer for any draw under any Letter of Credit and the Agent for the account of the Formula Lenders upon any payment pursuant to any Credit Support immediately upon demand, and to pay the issuer of the Letter of Credit the amount of all other obligations and other amounts payable to such issuer under or in connection with any Letter of Credit immediately when due, irrespective of any claim, setoff, defense or other right which the Borrower may have at any time against such issuer or any other Person (all of the foregoing being collectively referred to herein as the "Current Letter of Credit Obligations").
Payments of Letters of Credit. The Borrower hereby promises to pay to the Agent, ON DEMAND and in United States Dollars, the following which are herein collectively referred to as the "Current Letter of Credit Obligations": The Borrower hereby promises to pay to the Agent, ON DEMAND and in United States Dollars, the following which are herein collectively referred to as the "Current Letter of Credit Obligations": (Payments of Letters of Credit). "Debt Service" means for any period of determination thereof an amount equal to the total of the aggregate amount of all payments of principal and interest with respect to Indebtedness for Borrowed Money of the Borrower, the Subsidiary Guarantors, Xxxxx UK and Norwich, as appropriate, scheduled to be due and payable during such period, excluding, any Term Loan B Mandatory Prepayments with respect to Excess Cash Flow and any UK Term Loan Mandatory Prepayment with respect to UK Excess Cash Flow. For purposes of calculating "Debt Service", the Agent and the Lenders agree that (a) scheduled payments with respect to the Iowa Bond Letter of Credit Obligations shall reflect the permitted amortization of a portion of such Iowa Bond Letter of Credit Obligations pursuant to Section (ii) Notwithstanding the provisions of paragraph (a) above, as long as no Event of Default has occurred, any drawing under the Iowa Bond Letter of Credit - NB to redeem Iowa Bonds purchased with a drawing under the Iowa Bond Standby Credit Agreement, any drawing under the Nevada Bond Letter of Credit - NB to purchase Nevada Bonds, and any drawing under the South Xxxxxxxx Xxxx Letter of Credit - NB to purchase South Carolina Bonds, in each case relating to Bonds which were tendered for purchase by the holders thereof and which were not remarketed in a timely fashion (each referred to herein as a "Conversion Drawing"), are not required to be reimbursed to the Agent ON DEMAND; provided that BIC or the Borrower, as appropriate, make payments of interest to the Agent at the rates, at the times and otherwise subject to the provisions for interest on the Loans under Interest. (Interest), and the principal amount of each such Conversion Drawing is repaid in equal quarterly payments (i) over the remaining term to expiry of the Bond Letter of Credit Facility with respect to the Nevada Bond Letter of Credit - NB and/or the South Carolina Bond Letter of Credit - NB and (ii) over a period of ten (10) years with respect to the Iowa Bond Letter of Credit - NB; final payment of all outstanding...
Payments of Letters of Credit. The Borrower hereby promises to pay to the Agent, ON DEMAND and in United States Dollars, the following which are herein collectively referred to as the "Current Letter of Credit Obligations": (i)the amount which the Agent has paid under each draft or draw on a Letter of Credit, whether such demand be in advance of the Agent's payment or for reimbursement for such payment; (ii)any and all reasonable charges and expenses which the Agent may pay or incur relative to the Letter of Credit and/or such draws or drafts; and (iii)interest on the amounts described in (a) and (b) not paid by the Borrower as and when due and payable under the provisions of (a) and (b) above from the day the same are due and payable until paid in full at a rate per annum equal to the then current highest rate of interest on the Revolving Loan. In addition, the Borrower hereby promises to pay any and all other Letter of Credit Obligations as and when due and payable in accordance with the provisions of this Agreement and the
