Reimbursement Obligation definition

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 obligation of the Borrower to reimburse the Issuing Bank pursuant to Section 2.5(e) for amounts drawn under Letters of Credit.
Reimbursement Obligation is defined in Section 2.6.3.

Examples of Reimbursement Obligation in a sentence

  • Upon its receipt of such notice, (i) the Seller will be deemed to have requested that a Purchase (each such Purchase, a “Reimbursement Purchase”) be made on the applicable Reimbursement Date in an amount equal to such Reimbursement Obligation and (ii) the Administrator will notify the Purchaser Agents of such requested Reimbursement Purchase.


More Definitions of Reimbursement Obligation

Reimbursement Obligation means the absolute, unconditional and irrevocable obligation of the Borrower to reimburse an Issuing Bank for any drawing honored by such Issuing Bank under a Letter of Credit issued by such Issuing Bank.
Reimbursement Obligation shall have the meaning set forth in Section 2.14(b) hereof.
Reimbursement Obligation means the obligation of the Borrower to reimburse the Issuing Lender pursuant to Section 2.3(d) 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 has the meaning specified in Section 2.18(c).
Reimbursement Obligation means the absolute, unconditional and irrevocable obligation of the Borrower to reimburse the Agent for any drawing honored by the Agent under a Letter of Credit.
Reimbursement Obligation has the meaning set forth in Section 1.14 of the Agreement.