Borrower's Reimbursement Obligation. The expenses of the Lender incurred in connection with actions undertaken as provided in this Article IV, together with interest thereon at a rate equal to the rate per annum at which interest would then be payable on past due Loans under this Agreement, from the date of payment by the Lender to the date reimbursed by the Borrower, shall be payable by the Borrower to the Lender on demand.
Borrower's Reimbursement Obligation. The expenses of the Agent incurred in connection with actions undertaken as provided in this Section, together with interest thereon after a Credit Agreement Event of Default at the Overdue Rate from the date of payment by the Agent to the date reimbursed by the Borrower, shall be payable by the Borrower to the Agent on demand.
Borrower's Reimbursement Obligation. The Borrower hereby agrees to reimburse the Issuing Bank, by making payment to the Agent for the account of the Issuing Bank and the Lenders in accordance with Section 2.09(b) hereof on the date of each payment made by the Issuing Bank under any Letter of Credit issued on behalf of the Borrower in an amount equal to the Dollar Equivalent Amount of the amount so paid by the Issuing Bank, without notice, protest or demand, all of which are hereby waived, and an action therefor shall immediately accrue. To the extent such payment is not timely made, the Borrower hereby agrees to pay to the Agent, for the account of the Issuing Bank and the Lenders, on demand, interest on any unreimbursed Letter of Credit Reimbursement Obligations for each day from and including the date of such payment by the Issuing Bank until paid (before and after judgment) in accordance with Section 2.09(c) hereof, at the rate per annum set forth in Section 2.09(c)(ii) hereof.
Borrower's Reimbursement Obligation. The expenses of the Lender incurred in connection with actions undertaken as provided in this Section 9, together with interest thereon at a rate per annum equal to the Prime Rate (as defined in the Note) plus 200 basis points from the date of payment by the Lender to the date reimbursed by the Borrower, shall be payable by the Borrower to the Lender on demand.
Borrower's Reimbursement Obligation. The Borrower hereby agrees to reimburse the Issuing Bank, by making payment to the Agent for the account of the Issuing Bank in accordance with Section 2.12(b) hereof on the date of each payment made by the Issuing Bank under any Letter of Credit, without notice, protest or demand, all of which are hereby waived, and an action therefor shall immediately accrue. To the extent such payment is not timely made, the Borrower hereby agrees to pay to the Agent, for the account of the Issuing Bank, on demand, interest on any Letter of Credit Unreimbursed Draws for each day from and including the date of such payment by the Issuing Bank until paid (before and after judgment) in accordance with Section 2.12(c) hereof, at the rate per annum set forth in Section 2.12(c)(ii) hereof.
Borrower's Reimbursement Obligation. The Borrower hereby agrees to reimburse the Issuing Bank, by making payment to the Agent for the account of the Issuing Bank in accordance with Section 3.15(b) hereof, in the amount of each Letter of Credit Unreimbursed Draw, on October 16, 2000 (the "Reimbursement Target Date") and thereafter ON DEMAND. Such reimbursement shall also be due at such earlier times as are provided elsewhere in this Agreement and the other Loan Documents.
Borrower's Reimbursement Obligation. The expenses of the Administrative Agent incurred in connection with actions undertaken as provided in this Section, together with interest thereon at a rate per annum equal to the rate per annum at which interest would then be payable on past due Base Rate Loans under the Credit Agreement, from the date of payment by the Administrative Agent to the date reimbursed by the relevant Subsidiary, shall be payable by the such Subsidiary to the Administrative Agent on demand.
Borrower's Reimbursement Obligation. (i) Each Borrower jointly and severally agrees to reimburse the Issuing Bank in respect of a Letter of Credit on each date on which a draft presented under such Letter of Credit is paid by the Issuing Bank for the amount of (i) such draft so paid and (ii) any taxes, fees, charges or other costs or expenses incurred by the Issuing Bank in connection with such payment. Each such payment shall be made to the Issuing Bank at its Principal Office in Dollars and in immediately available funds.
Borrower's Reimbursement Obligation. The expenses of the Administrative Agent incurred in connection with actions undertaken as provided in this Section, together with interest thereon at a rate per annum equal to the rate per annum at which interest would then be payable on past due ABR Loans under the Credit Agreement, from the date of payment by the Administrative Agent to the date reimbursed by each Grantor, shall be payable by each Grantor to the Administrative Agent on demand.
Borrower's Reimbursement Obligation. Borrower shall pay (either from the proceeds of the Loans or otherwise) to the Letter of Credit Issuing Bank on demand at the Letter of Credit Issuing Bank's Domestic Lending Office in Dollars in immediately available funds the amount of all Reimbursement Obligations owing to the Letter of Credit Issuing Bank under any Letter of Credit, together with interest thereon at a rate of interest equal to the Alternate Base Rate in effect from time to time for each day from, and including, the date of payment by the Letter of Credit Issuing Bank of the applicable draw request under such Letter of Credit to, but excluding, the payment in full to the Letter of Credit Issuing Bank of such Reimbursement Obligations, irrespective of any claim, setoff, defense or other right which Borrower may have at any time against the Letter of Credit Issuing Bank or any other Person. In the event that the Letter of Credit Issuing Bank makes any payment under any Letter of Credit and Borrower shall not have repaid such amount to the Letter of Credit Issuing Bank when due, the Letter of Credit Issuing Bank shall promptly notify each Lender of such failure, and each Lender shall promptly and unconditionally pay to the Letter of Credit Issuing Bank the amount of such Lender's Specified Percentage of such payment in Dollars in immediately available funds on the Business Day the Letter of Credit Issuing Bank so notifies such Lender if such notice is given prior to 12:00 Noon, New York City time, or, if such notice is given after 12:00 Noon, New York City time, such Lender shall make its Specified Percentage of such payment available to the Letter of Credit Issuing Bank prior to 12:00 Noon, New York City time, on the next succeeding Business Day. All such payments by the Lenders shall constitute Alternate Base Rate Loans made by such Lenders to Borrower pursuant to Section 2.2 (irrespective of the satisfaction of the conditions in Article III, which are irrevocably waived) and the Reimbursement Obligations with respect to which such Loans were made shall thereupon be satisfied to the extent of such payments; provided, however, if pursuant to any Law, such payment made by any Lender is not permitted to be made as a Loan, such Reimbursement Obligations shall be reinstated and not so reduced by the amount of such payment and such Lender's participations therein pursuant to Section 2.17(f) similarly shall be reinstated to such amount.
