Reimbursement and Participations. (a) The Borrower hereby unconditionally agrees to pay to the Issuing Bank immediately on demand at the Principal Office all amounts required to pay all drafts drawn or purporting to be drawn under the Letters of Credit and all reasonable expenses incurred by the Issuing Bank in connection with the Letters of Credit, and in any event and without demand to place in possession of the Issuing Bank (which shall include Advances under the Revolving Credit Facility if permitted by SECTION 2.1 and Swing Line Loans if permitted by SECTION 2.4) sufficient funds to pay all debts and liabilities arising under any Letter of Credit. The Issuing Bank agrees to give the Borrower prompt notice of any request for a draw under a Letter of Credit. The Issuing Bank may charge any account the Borrower may have with it for any and all amounts the Issuing Bank pays under a Letter of Credit, plus charges and reasonable expenses as from time to time agreed to by the Issuing Bank and the Borrower; provided that to the extent permitted by SECTION 2.1(c)(iii) and SECTION 2.4, amounts shall be paid pursuant to Advances under the Revolving Credit Facility or, if the Borrower shall elect, by Swing Line Loans. The Borrower agrees to pay the Issuing Bank interest on any Reimbursement Obligations not paid when due hereunder at the Default Rate.
Reimbursement and Participations. (a) The Borrower hereby unconditionally agrees to pay to the applicable Issuing Bank immediately on demand at its Applicable Lending Office all amounts required to pay all drafts drawn under any Letters of Credit in accordance with Section 2.4(c)(iv) and all reasonable expenses incurred by an Issuing Bank in connection with the Letters of Credit, and in any event and without demand to place in possession of the applicable Issuing Bank (which shall include Advances under the Revolving Credit Facility if permitted by Section 2.4) sufficient funds to pay all debts and liabilities arising under any Letter of Credit. The Borrower’s obligations to pay an Issuing Bank under this Section 3.2, and such Issuing Bank’s right to receive the same, shall be absolute and unconditional and shall not be affected by any circumstance whatsoever. Each Issuing Bank agrees to give the Borrower prompt notice of any request for a draw under a Letter of Credit, but failure to provide such notice shall not affect the parties’ Obligations with respect thereto. Each Issuing Bank may charge any account the Borrower may have with it for any and all amounts such Issuing Bank pays under a Letter of Credit, plus reasonable charges and reasonable expenses as from time to time agreed to by such Issuing Bank and the Borrower; provided that to the extent permitted by Section 2.4(c)(iv), such amounts shall be paid pursuant to Advances under the Revolving Credit Facility. The Borrower agrees that an Issuing Bank may, in its sole discretion, accept or pay, as complying with the terms of any Letter of Credit, any drafts or other documents otherwise in order which may be signed or issued by an administrator, executor, trustee in bankruptcy, debtor in possession, assignee for the benefit of creditors, liquidator, receiver, attorney in fact or other legal representative of a party who is authorized under such Letter of Credit to draw or issue any drafts or other documents. The Borrower agrees to pay an Issuing Bank interest on any Reimbursement Obligations not paid when due hereunder at the Default Rate.
Reimbursement and Participations. (a) Reimbursement by the Company. Each Matured LC Obligation shall ---------------------------- constitute a loan by LC Issuer to the Company. The Company promises to pay to LC Issuer, or to LC Issuer's order, on demand, the full amount of each Matured LC Obligation, unless funded under Section 2.11(b) hereof, together with interest thereon at the Post-Default Rate.
Reimbursement and Participations. (i) The Borrower hereby unconditionally agrees to pay to the Issuing Lender immediately on demand all amounts required to pay all drafts drawn or purporting to be drawn under the Letters of Credit and all reasonable expenses incurred by the Issuing Lender in connection with the Letters of Credit, and in any event and without demand to place in possession of the Issuing Lender sufficient funds to pay all debts and liabilities arising under any Letter of Credit. The Issuing Lender agrees to give the Borrower prompt notice of any request for a draw under a Letter of Credit. The Issuing Lender may charge any account the Borrower may have with it for any and all amounts the Issuing Lender pays under a Letter of Credit, plus charges and reasonable expenses as from time to time agreed to by the Issuing Lender and the Borrower; provided, that at Agent’s election, such amounts may be paid by the making of Revolving Loans without notice to or consent of the Borrower. The Borrower agrees to pay the Issuing Lender interest on any Reimbursement Obligations not paid according to any method referenced in this Section 2.12(b)(i) when due hereunder at the Default Rate.
Reimbursement and Participations. (i) Each Matured LC Obligation shall constitute an Advance by the Agent to the Borrower. The Borrower promises to pay to the Agent, or to the Agent's order, on demand, the full amount of each Matured LC Obligation, together with interest thereon at the rate applicable to Base Rate Loans, accruing commencing the day after the date on which such reimbursement payment was due.
Reimbursement and Participations. (a) Reimbursement by US Borrower. Each Matured US LC Obligation shall ---------------------------- constitute a loan by US LC Issuer to US Borrower. US Borrower promises to pay to US LC Issuer, or to US LC Issuer's order, on demand, the full amount of each Matured US LC Obligation, together with interest thereon (i) at the US Base Rate plus the US Base Rate Margin to and including the second Business Day after the Matured US LC Obligation is incurred and (ii) at the Default Rate on each day thereafter.
Reimbursement and Participations. (i) Each Matured L/C Obligation shall constitute a loan by L/C Issuer to Borrower. Borrower promises to pay to L/C Issuer, or to L/C Issuer's order, on demand, the full amount of each Matured L/C Obligation, together with interest thereon (A) at the Alternative Base Rate to and including the second Business Day after the Matured L/C Obligation is incurred and (B) at the Default Rate on each day thereafter.
Reimbursement and Participations. (a) Each Applicant hereby unconditionally agrees to pay to the Issuing Bank immediately on demand on the same Business Day, at the Principal Office of the Agent, all amounts required to pay all drafts drawn or purporting to be drawn under the Letters of Credit requested by such Applicant, by placing in possession of the Issuing Bank (which shall include US Facility Base Rate Refunding Loans if permitted by Section 2.01(b)(vi)) sufficient funds to pay all Reimbursement Obligations arising under such Letter of Credit. The Issuing Bank agrees to give the Applicants prompt notice of any request for a draw under a Letter of Credit. The Issuing Bank may charge any account either Applicant may have with it for any and all amounts the Issuing Bank pays under a Letter of Credit, plus charges and reasonable expenses as from time to time agreed to by the Issuing Bank and the Applicants; provided that, to the extent permitted by
Reimbursement and Participations. (a) Reimbursement by Borrowers. Each Matured LC Obligation shall constitute a loan by Agent to Borrowers. Borrowers hereby promise to pay to Agent, or to Agent's order, on demand, the full amount of each Matured LC Obligation, together with interest thereon at the Late Payment Rate.
Reimbursement and Participations. (a Reimbursement by Canadian Borrowers.
