Common use of Disbursement Procedures Clause in Contracts

Disbursement Procedures. The L/C Issuer for any Letter of Credit shall, within the time allowed by Applicable Laws or the specific terms of the Letter of Credit following its receipt thereof, examine all documents purporting to represent a demand for payment under such Letter of Credit. The L/C Issuer shall promptly after such examination notify the Administrative Agent and the Borrower in writing of such demand for payment if the L/C Issuer has made or will make an L/C Disbursement thereunder; provided that any failure to give or delay in giving such notice shall not relieve the Borrower of its obligation to reimburse the L/C Issuer and the Lenders with respect to any such L/C Disbursement.

Appears in 26 contracts

Samples: Credit Agreement (Cavco Industries Inc.), Credit Agreement (DocGo Inc.), Credit Agreement (Tilray Brands, Inc.)

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Disbursement Procedures. The L/C Issuer for any Letter of Credit shall, within the time allowed by Applicable applicable Laws or the specific terms of the Letter of Credit following its receipt thereof, examine all documents purporting to represent a demand for payment under such Letter of Credit. The L/C Issuer shall promptly after such examination notify the Administrative Agent and the Borrower in writing of such demand for payment if the L/C Issuer has made or will make an L/C Disbursement thereunder; provided that any failure to give or delay in giving such notice shall not relieve the Borrower of its obligation to reimburse the L/C Issuer and the Lenders with respect to any such L/C Disbursement.

Appears in 18 contracts

Samples: Credit Agreement (Ingles Markets Inc), Credit Agreement (BGC Partners, Inc.), Credit Agreement (Fox Factory Holding Corp)

Disbursement Procedures. The L/C Issuer for any Letter of Credit shall, within the time allowed by Applicable Laws or the specific terms of the Letter of Credit following its receipt thereof, examine all documents purporting to represent a demand for payment under such Letter of Credit. The Such L/C Issuer shall promptly after such examination notify the Administrative Agent and the Borrower in writing of such demand for payment if the such L/C Issuer has made or will make an L/C Disbursement thereunder; provided that any failure to give or delay in giving such notice shall not relieve the Borrower of its obligation to reimburse the such L/C Issuer and the Lenders with respect to any such L/C Disbursement.

Appears in 14 contracts

Samples: Credit Agreement (Morningstar, Inc.), Credit and Term Loan Agreement (Black Creek Diversified Property Fund Inc.), Credit Agreement (Monotype Imaging Holdings Inc.)

Disbursement Procedures. The L/C Issuer for any Letter of Credit shall, within the time allowed by Applicable applicable Laws or the specific terms of the Letter of Credit following its receipt thereof, examine all documents purporting to represent a demand for payment under such Letter of Credit. The L/C Issuer shall promptly after such examination notify the Administrative Agent and the Borrower Company in writing of such demand for payment if the L/C Issuer has made or will make an L/C Disbursement thereunder; provided that any failure to give or delay in giving such notice shall not relieve the Borrower Company of its obligation to reimburse the L/C Issuer and the Lenders with respect to any such L/C Disbursement.

Appears in 8 contracts

Samples: Credit Agreement (Fortive Corp), Credit Agreement (Vontier Corp), Credit Agreement (Envista Holdings Corp)

Disbursement Procedures. The L/C Issuer for any Letter of Credit shall, within the time allowed by Applicable Laws or the specific terms of the Letter of Credit following its receipt thereof, examine all documents purporting to represent a demand for payment under such Letter of Credit. The the L/C Issuer shall promptly after such examination notify the Administrative Agent and the Borrower in writing of such demand for payment if the L/C Issuer has made or will make an L/C Disbursement thereunder; provided that any failure to give or delay in giving such notice shall not relieve the Borrower of its obligation to reimburse the L/C Issuer and the Lenders with respect to any such L/C Disbursement.

Appears in 8 contracts

Samples: Credit Agreement (Digital Turbine, Inc.), Credit Agreement (Digital Turbine, Inc.), Credit Agreement (Comscore, Inc.)

Disbursement Procedures. The L/C Issuer for any Letter of Credit shall, within the time allowed by Applicable Laws or the specific terms of the Letter of Credit following its receipt thereof, examine all documents purporting to represent a demand for payment under such Letter of Credit. The L/C Issuer shall promptly after such examination notify the Administrative Agent and the Borrower in writing of such demand for payment if the L/C Issuer has made or will make an L/C Disbursement thereunder; provided that any failure to give or delay in giving such notice shall not relieve the Borrower of its obligation to reimburse the L/C Issuer and the Lenders with respect to any such L/C Disbursement.. (o)

Appears in 7 contracts

Samples: Credit Agreement (Alamo Group Inc), Credit Agreement (Encore Wire Corp), Credit Agreement (Harmonic Inc)

Disbursement Procedures. The L/C Issuer for any Letter of Credit shall, within the time allowed by Applicable applicable Laws or the specific terms of the Letter of Credit following its receipt thereof, examine all documents purporting to represent a demand for payment under such Letter of Credit. The Such L/C Issuer shall promptly after such examination notify the Administrative Agent and the Borrower Company in writing of such demand for payment if the such L/C Issuer has made or will make an L/C Disbursement thereunder; provided that any failure to give or delay in giving such notice shall not relieve the Borrower Company of its obligation to reimburse the such L/C Issuer and the Lenders with respect to any such L/C Disbursement.

Appears in 6 contracts

Samples: Credit Agreement (Perkinelmer Inc), Credit Agreement (Revvity, Inc.), Credit Agreement (Perkinelmer Inc)

Disbursement Procedures. The L/C Issuer for any Letter of Credit shall, within the time allowed by Applicable Laws applicable laws or the specific terms of the Letter of Credit following its receipt thereof, examine all documents purporting to represent a demand for payment under such Letter of Credit. The L/C Issuer shall promptly after such examination notify the Administrative Agent and the Borrower in writing of such demand for payment if the L/C Issuer has made or will make an L/C Disbursement thereunder; provided that any failure to give or delay in giving such notice shall not relieve the Borrower of its obligation to reimburse the L/C Issuer and the Lenders with respect to any such L/C Disbursement.

Appears in 4 contracts

Samples: Credit Agreement (EVERTEC, Inc.), Credit Agreement (EVERTEC, Inc.), Credit Agreement (EVERTEC, Inc.)

Disbursement Procedures. The L/C Issuer for any Letter of Credit shall, within the time allowed by Applicable applicable Laws or the specific terms of the Letter of Credit following its receipt thereof, examine all documents purporting to represent a demand for payment under such Letter of Credit. The Such L/C Issuer shall promptly after such examination notify the Administrative Agent and the Borrower Representative in writing of such demand for payment if the such L/C Issuer has made or will make an L/C Disbursement thereunder; provided that any failure to give or delay in giving such notice shall not relieve the any Borrower of its obligation to reimburse the such L/C Issuer and the Lenders with respect to any such L/C Disbursement.

Appears in 3 contracts

Samples: Credit Agreement (Smith & Wesson Brands, Inc.), Credit Agreement (Smith & Wesson Brands, Inc.), Credit Agreement (American Outdoor Brands Corp)

Disbursement Procedures. The Each L/C Issuer for any Letter of Credit shall, within the time allowed by Applicable Laws or the specific terms of the Letter of Credit promptly following its receipt thereof, examine all documents purporting to represent a demand for payment under such a Letter of Credit. The Each L/C Issuer shall promptly after such examination notify the Administrative Agent and the Borrower in writing by telephone (confirmed by facsimile) of such demand for payment if the and whether such L/C Issuer has made or will make an L/C Disbursement thereunder; provided that any failure to give or delay in giving such notice shall not relieve the Borrower of its obligation to reimburse the such L/C Issuer and the applicable Revolving Lenders with respect to any such L/C Disbursement.

Appears in 3 contracts

Samples: Credit Agreement (Dte Energy Co), Credit Agreement (DT Midstream, Inc.), Credit Agreement (DT Midstream, Inc.)

Disbursement Procedures. The L/C Issuer for any Letter of Credit shall, within the time allowed by Applicable applicable Laws or the specific terms of the Letter of Credit following its receipt thereof, examine all documents purporting to represent a demand for payment under such Letter of Credit. The Such L/C Issuer shall promptly after such examination notify the Administrative Agent and the Opco Borrower in writing of such demand for payment if the such L/C Issuer has made or will make an L/C Disbursement thereunder; provided that any failure to give or delay in giving such notice shall not relieve the Borrower Borrowers of its their obligation to reimburse the such L/C Issuer and the Lenders with respect to any such L/C Disbursement.

Appears in 3 contracts

Samples: Credit Agreement (Atmus Filtration Technologies Inc.), Credit Agreement (Atmus Filtration Technologies Inc.), Credit Agreement (Cummins Inc)

Disbursement Procedures. The L/C Issuer for any Letter of Credit shall, within the time allowed by Applicable Laws or the specific terms of the Letter of Credit following its receipt thereof, examine all documents purporting to represent a demand for payment under such Letter of Credit. The such L/C Issuer shall promptly after such examination notify the Administrative Agent and the Borrower in writing of such demand for payment if the such L/C Issuer has made or will make an L/C Disbursement thereunder; provided that any failure to give or delay in giving such notice shall not relieve the Borrower of its obligation to reimburse the such L/C Issuer and the Lenders with respect to any such L/C Disbursement.

Appears in 3 contracts

Samples: Credit Agreement (Dream Finders Homes, Inc.), Credit Agreement (Dream Finders Homes, Inc.), Credit Agreement (Dream Finders Homes, Inc.)

Disbursement Procedures. The L/C Issuer for any Letter of Credit shall, within the time allowed by Applicable applicable Laws or the specific terms of the Letter of Credit following its receipt thereof, examine all documents purporting to represent a demand for payment under such Letter of Credit. The Such L/C Issuer shall promptly after such examination notify the Administrative Agent and the Borrower in writing of such demand for payment if the such L/C Issuer has made or will make an L/C Disbursement thereunder; provided that any failure to give or delay in giving such notice shall not relieve the Borrower of its obligation to reimburse the such L/C Issuer and the Revolving Lenders with respect to any such L/C Disbursement.

Appears in 3 contracts

Samples: Credit Agreement (Phinia Inc.), Credit Agreement (American Healthcare REIT, Inc.), Credit Agreement (Phinia Inc.)

Disbursement Procedures. The L/C Issuer for any Letter of Credit shall, within the time allowed by Applicable applicable Laws or the specific terms of the Letter of Credit following its receipt thereof, examine all documents purporting to represent a demand for payment under such Letter of Credit. The Such L/C Issuer shall promptly after such examination notify the Administrative Agent and the Borrower Company in writing of such demand for payment if the such L/C Issuer has made or will make an L/C Disbursement thereunder; provided that any failure to give or delay in giving such notice shall not relieve the Borrower Company of its obligation to reimburse the such L/C Issuer and the Revolving Lenders with respect to any such L/C Disbursement.

Appears in 3 contracts

Samples: Credit Agreement (Sonic Automotive Inc), Credit Agreement (Sonic Automotive Inc), Credit Agreement (Sonic Automotive Inc)

Disbursement Procedures. The applicable L/C Issuer for any Letter of Credit shall, within the time allowed by Applicable Laws or the specific terms of the Letter of Credit following its receipt thereof, examine all documents purporting to represent a demand for payment under such Letter of Credit. The Such L/C Issuer shall promptly after such examination notify the Administrative Agent and the applicable Borrower in writing of such demand for payment if the such L/C Issuer has made or will make an L/C Disbursement thereunder; provided that any failure to give or delay in giving such notice shall not relieve the such Borrower of its obligation to reimburse the such L/C Issuer and the Lenders with respect to any such L/C Disbursement.

Appears in 3 contracts

Samples: Credit Agreement (Plains Gp Holdings Lp), Credit Agreement (Plains All American Pipeline Lp), Credit Agreement (Plains Gp Holdings Lp)

Disbursement Procedures. The L/C Issuer for any Letter of Credit shall, within the time allowed by Applicable applicable Laws or the specific terms of the Letter of Credit following its receipt thereof, examine all documents purporting to represent a demand for payment under such Letter of Credit. The Such L/C Issuer shall promptly after such examination notify the Administrative Agent and the Principal Borrower in writing of such demand for payment if the such L/C Issuer has made or will make an L/C Disbursement thereunder; provided that any failure to give or delay in giving such notice shall not relieve the any Borrower of its obligation to reimburse the such L/C Issuer and the Lenders with respect to any such L/C Disbursement.

Appears in 3 contracts

Samples: Credit Agreement (Highwoods Realty LTD Partnership), Credit Agreement (Highwoods Realty LTD Partnership), Credit Agreement (Highwoods Realty LTD Partnership)

Disbursement Procedures. The L/C Issuer for any Letter of Credit shall, within the time allowed by Applicable applicable Laws or the specific terms of the Letter of Credit following its receipt thereof, examine all documents purporting to represent a demand for payment under such Letter of Credit. The Such L/C Issuer shall promptly after such examination notify the Administrative Agent and the Borrower Borrowers in writing of such demand for payment if the such L/C Issuer has made or will make an L/C Disbursement thereunder; provided that any failure to give or delay in giving such notice shall not relieve the Borrower for whose account such Letter of Credit was issued of its obligation to reimburse the such L/C Issuer and the Lenders with respect to any such L/C Disbursement.

Appears in 3 contracts

Samples: Abl Credit Agreement (Ciena Corp), Pledge Agreement (Ciena Corp), Abl Credit Agreement

Disbursement Procedures. The L/C Issuer for any Letter of Credit shall, within the time allowed by Applicable Laws or the specific terms of the Letter of Credit following its receipt thereof, examine all documents purporting to represent a demand for payment under such Letter of Credit. The L/C Issuer shall promptly after such examination notify the Administrative Agent and the Borrower in writing of such demand for payment if the L/C Issuer has made or will make an L/C Disbursement Advance thereunder; provided that any failure to give or delay in giving such notice shall not relieve the Borrower of its obligation to reimburse the L/C Issuer and the Lenders with respect to any such L/C DisbursementAdvance.

Appears in 3 contracts

Samples: Revolving Credit Agreement (Clarion Partners Real Estate Income Fund Inc.), Revolving Credit Agreement (Invesco Real Estate Income Trust Inc.), Revolving Credit Agreement (Invesco Real Estate Income Trust Inc.)

Disbursement Procedures. The L/C Issuer for any Letter of Credit shall, within the time allowed by Applicable Laws or the specific terms of the Letter of Credit following its receipt thereof, examine all documents purporting to represent a demand for payment under such Letter of Credit. The Such L/C Issuer shall promptly after such examination notify the Administrative Agent and the Borrower Borrowing Agent in writing of such demand for payment if the such L/C Issuer has made or will make an L/C Disbursement Borrowing thereunder; provided that any failure to give or delay in giving such notice shall not relieve the Borrower Borrowers of its their obligation to reimburse the such L/C Issuer and the Lenders with respect to any such L/C DisbursementBorrowing.

Appears in 3 contracts

Samples: Credit Agreement (Fresh Del Monte Produce Inc), Credit Agreement (Fresh Del Monte Produce Inc), Credit Agreement (Fresh Del Monte Produce Inc)

Disbursement Procedures. The L/C Issuer for any Letter of Credit shall, within the time allowed by Applicable Laws or the specific terms of the Letter of Credit promptly following its receipt thereof, examine all documents purporting to represent a demand for payment under such a Letter of Credit. The L/C Issuer shall promptly after such examination notify the Administrative Agent and the Borrower in writing by telephone (confirmed by telecopy) of such demand for payment if and whether the L/C Issuer has made or will make an L/C Disbursement thereunder; provided that any failure to give or delay in giving such notice shall not relieve the Borrower of its obligation to reimburse the L/C Issuer and the Lenders with respect to any such L/C Disbursement.

Appears in 3 contracts

Samples: Credit Agreement (Concho Resources Inc), Credit Agreement (Concho Resources Inc), Credit Agreement (Neustar Inc)

Disbursement Procedures. The applicable L/C Issuer for any Letter of Credit shall, within the time allowed by Applicable applicable Laws or the specific terms of the Letter of Credit following its receipt thereof, examine all documents purporting to represent a demand for payment under such Letter of Credit. The such L/C Issuer shall promptly after such examination notify the Administrative Agent and the Borrower in writing of such demand for payment if the such L/C Issuer has made or will make an L/C Disbursement thereunder; provided that any failure to give or delay in giving such notice shall not relieve the Borrower of its obligation to reimburse the such L/C Issuer and the Lenders with respect to any such L/C Disbursement.

Appears in 3 contracts

Samples: Credit Agreement (Franklin Street Properties Corp /Ma/), Credit Agreement (Franklin Street Properties Corp /Ma/), Credit Agreement (Franklin Street Properties Corp /Ma/)

Disbursement Procedures. The applicable L/C Issuer for any Letter of Credit shall, within the time allowed by Applicable Laws or the specific terms of the Letter of Credit following its receipt thereof, examine all documents purporting to represent a demand for payment under such Letter of Credit. The applicable L/C Issuer shall promptly after such examination notify the Administrative Agent and the Borrower in writing of such demand for payment if the such L/C Issuer has made or will make an L/C Disbursement thereunder; provided that provided, that, any failure to give or delay in giving such notice shall not relieve the Borrower of its obligation to reimburse the such L/C Issuer and the Lenders with respect to any such L/C Disbursement.

Appears in 2 contracts

Samples: Credit Agreement (Parsons Corp), Credit Agreement (Parsons Corp)

Disbursement Procedures. The applicable L/C Issuer for any Letter of Credit shall, within the time allowed by Applicable Laws Law or the specific terms of the Letter of Credit following its receipt thereof, examine all documents purporting to represent a demand for payment under such Letter of Credit. The Such L/C Issuer shall promptly after such examination notify the Administrative Agent and the Borrower in writing of such demand for payment if the such L/C Issuer has made or will make an L/C Disbursement thereunder; provided that any failure to give or delay in giving such notice shall not relieve the Borrower of its obligation to reimburse the such L/C Issuer and the Revolving Lenders with respect to any such L/C Disbursement.

Appears in 2 contracts

Samples: Credit Agreement (Sunpower Corp), Credit Agreement (Sunpower Corp)

Disbursement Procedures. The L/C Issuer for any Letter of Credit shall, within the time allowed by Applicable applicable Laws or the specific terms of the Letter of Credit following its receipt thereof, examine all documents purporting to represent a demand for payment under such Letter of Credit. The Such L/C Issuer shall promptly after such examination notify the Administrative Agent and the applicable Borrower in writing of such demand for payment if the such L/C Issuer has made or will make an L/C Disbursement thereunder; provided that any failure to give or delay in giving such notice shall not relieve the such Borrower of its obligation to reimburse the such L/C Issuer and the Lenders with respect to any such L/C Disbursement.

Appears in 2 contracts

Samples: Credit Agreement (Arthur J. Gallagher & Co.), Credit Agreement (Arthur J. Gallagher & Co.)

Disbursement Procedures. The L/C Issuer for any Letter of Credit shall, within the time allowed by Applicable applicable Laws or the specific terms of the Letter of Credit following its receipt thereof, examine all documents purporting to represent a demand for payment under such Letter of Credit. The L/C Issuer shall promptly after such examination notify the Administrative Agent and the Borrower in writing of such demand for payment if the L/C Issuer has made or will make an L/C Disbursement a disbursement thereunder; provided that any failure to give or delay in giving such notice shall not relieve the Borrower of its obligation to reimburse the L/C Issuer and the Revolving A Lenders with respect to any such L/C Disbursementdisbursement.

Appears in 2 contracts

Samples: Credit Agreement (Trex Co Inc), Credit Agreement (Trex Co Inc)

Disbursement Procedures. The L/C Issuer for any Letter of Credit shall, within the time allowed by Applicable applicable Laws or the specific terms of the Letter of Credit following its receipt thereof, examine all documents purporting to represent a demand for payment under such Letter of Credit. The L/C Issuer shall promptly after such examination notify the Administrative Agent and the Borrower in writing of such demand for payment if the L/C Issuer has made or will make an L/C Disbursement thereunder; provided that provided, that, any failure to give or delay in giving such notice shall not relieve the Borrower of its obligation to reimburse the L/C Issuer and the Revolving Lenders with respect to any such L/C Disbursement.

Appears in 2 contracts

Samples: Credit Agreement (Commercial Vehicle Group, Inc.), Credit Agreement (Commercial Vehicle Group, Inc.)

Disbursement Procedures. The L/C Issuer for any Letter of Credit shall, within the time allowed by Applicable applicable Laws or the specific terms of the Letter of Credit following its receipt thereof, examine all documents purporting to represent a demand for payment under such Letter of Credit. The L/C Issuer shall promptly after such examination notify the Administrative Agent and the Borrower in writing of such demand for payment if the L/C Issuer has made or will make an L/C Disbursement a disbursement thereunder; provided that any failure to give or delay in giving such notice shall not relieve the Borrower of its obligation to reimburse the L/C Issuer and the Lenders with respect to any such L/C Disbursementdisbursement.

Appears in 2 contracts

Samples: Credit Agreement (Trex Co Inc), Credit Agreement (Trex Co Inc)

Disbursement Procedures. The L/C Issuer for any Letter of Credit shall, within the time allowed by Applicable applicable Laws or the specific terms of the Letter of Credit following its receipt thereof, examine all documents purporting to represent a demand for payment under such Letter of Credit. The L/C Issuer shall promptly after such examination notify the Administrative Agent and the applicable Borrower in writing of such demand for payment if the L/C Issuer has made or will make an L/C Disbursement thereunder; provided that provided, that, any failure to give or delay in giving such notice shall not relieve the such Borrower of its obligation to reimburse the L/C Issuer and the Lenders with respect to any such L/C Disbursement.

Appears in 2 contracts

Samples: Credit Agreement (Itt Inc.), Credit Agreement (ITT Inc.)

Disbursement Procedures. The L/C Issuer for any Letter of Credit shall, within the time allowed by Applicable applicable Laws or the specific terms of the Letter of Credit following its receipt thereof, examine all documents purporting to represent a demand for payment under such Letter of Credit. The L/C Issuer shall promptly after such examination notify the Administrative Agent and the Borrower Borrowers in writing of such demand for payment if the L/C Issuer has made or will make an L/C Disbursement thereunder; provided that any failure to give or delay in giving such notice shall not relieve the Borrower Borrowers of its obligation to reimburse the L/C Issuer and the Lenders with respect to any such L/C Disbursement.

Appears in 2 contracts

Samples: Credit Agreement (Forward Air Corp), Credit Agreement (Forward Air Corp)

Disbursement Procedures. The Each L/C Issuer for any Letter of Credit shall, within the time allowed by Applicable applicable Laws or the specific terms of the Letter of Credit following its receipt thereof, examine all documents purporting to represent a demand for payment under such Letter of Credit. The Each L/C Issuer shall promptly after such examination notify the Administrative Agent and the Borrower in writing of such demand for payment if the such L/C Issuer has made or will make an L/C Disbursement thereunder; provided that provided, that, any failure to give or delay in giving such notice shall not relieve the Borrower of its obligation to reimburse the such L/C Issuer and the Revolving Lenders with respect to any such L/C Disbursement.

Appears in 2 contracts

Samples: Credit Agreement (AeroVironment Inc), Credit Agreement (AeroVironment Inc)

Disbursement Procedures. The L/C Issuer for any Letter of Credit shall, within the time allowed by Applicable Laws applicable law or the specific terms of the Letter of Credit following its receipt thereof, examine all documents purporting to represent a demand for payment under such Letter of Credit. The Such L/C Issuer shall promptly after such examination notify the Administrative Agent and the applicable Borrower in writing of such demand for payment if the such L/C Issuer has made or will make an L/C Disbursement thereunder; provided that any failure to give or delay in giving such notice shall not relieve the such Borrower of its obligation to reimburse the such L/C Issuer and the Lenders with respect to any such L/C Disbursement.

Appears in 2 contracts

Samples: Credit Agreement (NCR Atleos, LLC), Credit Agreement (NCR Corp)

Disbursement Procedures. The L/C Issuer for any Letter of Credit shall, within the time allowed by Applicable applicable Laws or the specific terms of the Letter of Credit following its receipt thereof, examine all documents purporting to represent a demand for payment under such Letter of Credit. The L/C Issuer shall promptly after such examination notify the Administrative Agent and the Borrower in writing of such demand for payment if the L/C Issuer has made or will make an L/C Disbursement Advance thereunder; provided that any failure to give or delay in giving such notice shall not relieve the Borrower of its obligation to reimburse the L/C Issuer and the Lenders with respect to any such L/C DisbursementAdvance.

Appears in 2 contracts

Samples: Credit Agreement (Braemar Hotels & Resorts Inc.), Credit Agreement (Braemar Hotels & Resorts Inc.)

Disbursement Procedures. The L/C Issuer for any Letter of Credit shall, within the time allowed by Applicable applicable Laws or the specific terms of the Letter of Credit following its receipt thereof, examine all documents purporting to represent a demand for payment under such Letter of Credit. The L/C Issuer shall promptly after such examination notify the Administrative Agent and the Borrower Xxxxxxxx in writing of such demand for payment if the L/C Issuer has made or will make an L/C Disbursement thereunder; provided that any failure to give or delay in giving such notice shall not relieve the Borrower of its obligation to reimburse the L/C Issuer and the Revolving Credit Lenders with respect to any such L/C Disbursement.

Appears in 1 contract

Samples: Credit Agreement (Armada Hoffler Properties, Inc.)

Disbursement Procedures. The L/C Issuer for any Letter of Credit shall, within the time allowed by Applicable Laws or the specific terms of the Letter of Credit following its receipt thereof, examine all documents purporting to represent a demand for payment under such Letter of Credit. The Such L/C Issuer shall promptly after such examination notify the Administrative Agent and the Borrower Company in writing of such demand for payment if the such L/C Issuer has made or will make an L/C Disbursement thereunder; provided that any failure to give or delay in giving such notice shall not relieve the any Borrower of its obligation to reimburse the such L/C Issuer and the Dollar Tranche Lenders with respect to any such L/C Disbursement.

Appears in 1 contract

Samples: Credit and Term Loan Agreement (Ares Real Estate Income Trust Inc.)

Disbursement Procedures. The L/C Issuer for any Letter of Credit shall, within the time allowed by Applicable Laws or the specific terms of the Letter of Credit following its receipt thereof, examine all documents purporting to represent a demand for payment under such Letter of Credit. The Such L/C Issuer shall promptly after such examination notify the Administrative Agent and the Borrower Company in writing of such demand for payment if the such L/C Issuer has made or will make an L/C Disbursement thereunder; provided that any failure to give or delay in giving such notice shall not relieve the Borrower Company of its obligation to reimburse the such L/C Issuer and the Lenders with respect to any such L/C Disbursement.

Appears in 1 contract

Samples: Credit Agreement (Jacobs Solutions Inc.)

Disbursement Procedures. The L/C Issuer for any Letter of Credit shall, within the time allowed by Applicable Laws or the specific terms of the Letter of Credit following its receipt thereof, examine all documents purporting to represent a demand for payment under such Letter of Credit. The Such L/C Issuer shall promptly after such examination notify the Administrative Agent and the Borrower Company in writing of such demand for payment if the such L/C Issuer has made or will make an L/C Disbursement thereunder; provided that any failure to give or delay in giving such notice shall not relieve the any Borrower of its obligation to reimburse the such L/C Issuer and the Dollar Tranche Lenders with respect to any such L/C Disbursement.. ​

Appears in 1 contract

Samples: Credit Agreement (Ares Real Estate Income Trust Inc.)

Disbursement Procedures. The L/C Issuer for any Letter of Credit shall, within the time allowed by Applicable applicable Laws or the specific terms of the Letter of Credit following its receipt thereof, examine all documents purporting to represent a demand for payment under such Letter of Credit. The L/C Issuer shall promptly after such examination notify the Administrative Agent and the Borrower in writing of such demand for payment if the L/C Issuer has made or will make an L/C Disbursement thereunder; provided that provided, that, any failure to give or delay in giving such notice shall not relieve the Borrower of its obligation to reimburse the L/C Issuer and the Lenders with respect to any such L/C Disbursement.. (o)

Appears in 1 contract

Samples: 1823738v3 Credit Agreement (Arhaus, Inc.)

Disbursement Procedures. The L/C Issuer for any Letter of Credit shall, within the time allowed by Applicable applicable Laws or the specific terms of the Letter of Credit following its receipt thereof, examine all documents purporting to represent a demand for payment under such Letter of Credit. The L/C Issuer shall promptly after such examination notify the Administrative Agent and the applicable Borrower in writing of such demand for payment if the L/C Issuer has made or will make an L/C Disbursement thereunder; provided that any failure to give or delay in giving such notice shall not relieve the such Borrower of its obligation to reimburse the L/C Issuer and the Lenders with respect to any such L/C Disbursement.

Appears in 1 contract

Samples: Credit Agreement (Core Laboratories N V)

Disbursement Procedures. The L/C Issuer for any Letter of Credit shall, within the time allowed by Applicable applicable Laws or the specific terms of the Letter of Credit following its receipt thereof, examine all documents purporting to represent a demand for payment under such Letter of Credit. The L/C Issuer shall promptly after such examination notify the Administrative Agent and the Borrower in writing of such demand for payment if the L/C Issuer has made or will make an L/C Disbursement Advance thereunder; provided that any failure to give or delay in giving such notice shall not relieve the Borrower of its obligation to reimburse the L/C Issuer and the Revolving Credit Lenders with respect to any such L/C DisbursementAdvance.

Appears in 1 contract

Samples: Credit Agreement (Armada Hoffler Properties, Inc.)

Disbursement Procedures. The L/C Issuer for any Letter of Credit shall, within the time allowed by Applicable applicable Laws or the specific terms of the Letter of Credit following its receipt thereof, examine all documents purporting to represent a demand for payment under such Letter of Credit. The Such L/C Issuer shall promptly after such examination notify the Administrative Agent and the Parent Borrower in writing of such demand for payment if the such L/C Issuer has made or will make an L/C Disbursement thereunder; provided that any failure to give or delay in giving such notice shall not relieve the any Borrower of its obligation to reimburse the such L/C Issuer and the Dollar Tranche Lenders with respect to any such L/C Disbursement.

Appears in 1 contract

Samples: Credit Agreement (Sabra Health Care REIT, Inc.)

Disbursement Procedures. The L/C Issuer for any Letter of Credit shall, within the time allowed by Applicable applicable Laws or the specific terms of the Letter of Credit following its receipt thereof, examine all documents purporting to represent a demand for payment under such Letter of Credit. The L/C Issuer shall promptly after such examination notify the Administrative Agent and the Borrower in writing of such demand for payment if the L/C Issuer has made or will make an L/C Disbursement Advance thereunder; provided that any failure to give or delay in giving such notice shall not relieve the Borrower of its obligation to reimburse the L/C Issuer and the Lenders with respect to any such L/C DisbursementAdvance.

Appears in 1 contract

Samples: Credit Agreement (Braemar Hotels & Resorts Inc.)

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Disbursement Procedures. The L/C Issuer for any Letter of Credit shall, within the time allowed by Applicable Laws or the specific terms of the Letter of Credit following its receipt thereof, examine all documents purporting to represent a demand for payment under such Letter of Credit. The L/C Issuer shall promptly after such examination notify the Administrative Agent and the Borrower Company in writing of such demand for payment if the L/C Issuer has made or will make an L/C Disbursement thereunder; provided that provided, that, any failure to give or delay in giving such notice shall not relieve the Borrower Company of its obligation to reimburse the L/C Issuer and the Lenders with respect to any such L/C Disbursement.

Appears in 1 contract

Samples: Credit Agreement (Radiant Logistics, Inc)

Disbursement Procedures. The L/C Issuer for any Letter of Credit shall, within the time allowed by Applicable Laws or the specific terms of the Letter of Credit following its receipt thereof, examine all documents purporting to represent a demand for payment under such Letter of Credit. The L/C Issuer shall promptly after such examination notify the Administrative Agent and the Borrower in writing of such demand for payment if the L/C Issuer has made or will make an L/C Disbursement thereunder; provided that any failure to give or delay in giving such notice shall not relieve the Borrower of its obligation to reimburse the L/C Issuer and the Lenders with respect to any such L/C Disbursement.

Appears in 1 contract

Samples: Credit Agreement (Landsea Homes Corp)

Disbursement Procedures. The L/C Issuer Issuers for any Letter of Credit shall, within the time allowed by Applicable Laws or the specific terms of the Letter of Credit following its receipt thereof, examine all documents purporting to represent a demand for payment under such Letter of Credit. The Such L/C Issuer shall promptly after such examination notify the Administrative Agent and the Borrower in writing of such demand for payment if the such L/C Issuer has made or will make an L/C Disbursement thereunder; provided that any failure to give or delay in giving such notice shall not relieve the Borrower of its obligation to reimburse the such L/C Issuer and the Lenders with respect to any such L/C Disbursement.

Appears in 1 contract

Samples: Credit Agreement (Halozyme Therapeutics, Inc.)

Disbursement Procedures. The applicable L/C Issuer for any Letter of Credit shall, within the time allowed by Applicable Laws or the specific terms of the Letter of Credit promptly following its receipt thereof, examine all documents purporting to represent a demand for payment under such a Letter of Credit. The applicable L/C Issuer shall promptly after such examination notify the Administrative Agent and the applicable Borrower in writing by telephone (confirmed by telecopy or e-mail transmission of a .pdf or similar electronic copy) of such demand for payment if the and whether such L/C Issuer has made or will make an L/C Disbursement thereunder; provided that any failure to give or delay in giving such notice shall not relieve the applicable Borrower of its obligation to reimburse the such L/C Issuer and the applicable Lenders with respect to any such L/C Disbursement.

Appears in 1 contract

Samples: Credit Agreement (V F Corp)

Disbursement Procedures. The L/C Issuer for any Letter of Credit shall, within the time allowed by Applicable applicable Laws or the specific terms of the Letter of Credit following its receipt thereof, examine all documents purporting to represent a demand for payment under such Letter of Credit. The L/C Issuer shall promptly after such examination notify the Administrative Agent and the Borrower in writing of such demand for payment if the L/C Issuer has made or will make an L/C Disbursement thereunder; provided that provided, that, any failure to give or delay in giving such notice shall not relieve the Borrower of its obligation to reimburse the L/C Issuer and the Lenders with respect to any such L/C Disbursement.

Appears in 1 contract

Samples: Credit Agreement (Zynga Inc)

Disbursement Procedures. The L/C Issuer for any Letter of Credit shall, within the time allowed by Applicable Laws or the specific terms of the Letter of Credit following its receipt thereof, examine all documents purporting to represent a demand for payment under such Letter of Credit. The L/C Issuer shall promptly after such examination notify the Administrative Agent and the Borrower Company in writing of such demand for payment if the L/C Issuer has made or will make an L/C Disbursement thereunder; provided that any failure to give or delay in giving such notice shall not relieve the Borrower Company of its obligation to reimburse the L/C Issuer and the Lenders with respect to any such L/C Disbursement.

Appears in 1 contract

Samples: Credit Agreement (Ufp Technologies Inc)

Disbursement Procedures. The L/C Issuer for any Letter of Credit shall, within the time allowed by Applicable Laws or the specific terms of the Letter of Credit following its receipt thereof, examine all documents purporting to represent a demand for payment under such Letter of Credit. The L/C Issuer shall promptly after such examination notify the Administrative Agent and the Borrower Company in writing of such demand for payment if the L/C Issuer has made or will make an L/C Disbursement thereunder; provided that provided, that, any failure to give or delay in giving such notice shall not relieve the Borrower Company of its obligation to reimburse the L/C Issuer and the Revolving A Lenders with respect to any such L/C Disbursement.

Appears in 1 contract

Samples: Credit Agreement (Radiant Logistics, Inc)

Disbursement Procedures. The L/C Issuer for any Letter of Credit shall, within the time allowed by Applicable Laws or the specific terms of the Letter of Credit following its receipt thereof, examine all documents purporting to represent a demand for payment under such Letter of Credit. The such L/C Issuer shall promptly after such examination notify the Administrative Agent and the Borrower in writing of such demand for payment if the such L/C Issuer has made or will make an L/C Disbursement thereunder; provided that any failure to give or delay in giving such notice shall not relieve the Borrower of its obligation to reimburse the such L/C Issuer and the Lenders with respect to any such L/C Disbursement.

Appears in 1 contract

Samples: Security Agreement (Ciena Corp)

Disbursement Procedures. The applicable L/C Issuer for any Letter of Credit shall, within the time allowed by Applicable Laws or the specific terms of the Letter of Credit promptly following its receipt thereof, examine all documents purporting to represent a demand for payment under such a Letter of Credit. The applicable L/C Issuer shall promptly after such examination notify the Administrative Agent and the applicable Borrower in writing by telephone (confirmed by telecopy or e -mail transmission of a .pdf or similar electronic copy) of such demand for payment if the and whether such L/C Issuer has made or will make an L/C Disbursement thereunder; provided that any failure to give or delay in giving such notice shall not relieve the applicable Borrower of its obligation to reimburse the such L/C Issuer and the applicable Lenders with respect to any such L/C Disbursement.

Appears in 1 contract

Samples: Five Year Revolving Credit Agreement (V F Corp)

Disbursement Procedures. The L/C Issuer for any Letter of Credit shall, within the time allowed by Applicable Laws or the specific terms of the Letter of Credit following its receipt thereof, examine all documents purporting to represent a demand for payment under such Letter of Credit. The L/C Issuer shall promptly after such examination notify the Administrative Agent and the Borrower Borrowers in writing of such demand for payment if the L/C Issuer has made or will make an L/C Disbursement thereunder; provided that any failure to give or delay in giving such notice shall not relieve the Borrower Borrowers of its their obligation to reimburse the L/C Issuer and the Lenders with respect to any such L/C Disbursement.

Appears in 1 contract

Samples: Credit Agreement (Hecla Mining Co/De/)

Disbursement Procedures. The L/C Issuer for any Letter of Credit shall, within the time allowed by Applicable Laws or the specific terms of the Letter of Credit following its receipt thereof, examine all documents purporting to represent a demand for payment under such Letter of Credit. The Such L/C Issuer shall promptly after such examination notify the Administrative Agent and the Borrower in writing of such demand for payment if the such L/C Issuer has made or will make an L/C Letter of Credit Disbursement thereunder; provided that any failure to give or delay in giving such notice shall not relieve the Borrower of its obligation to reimburse the such L/C Issuer and the Lenders with respect to any such L/C Letter of Credit Disbursement.

Appears in 1 contract

Samples: Credit Agreement (Rite Aid Corp)

Disbursement Procedures. The Each L/C Issuer for any Letter of Credit shall, within the time allowed by Applicable Laws or the specific terms of the Letter of Credit promptly following its receipt thereof, examine all documents purporting to represent a demand for payment under such a Letter of CreditCredit issued by it. The Such L/C Issuer shall promptly after such examination notify the Administrative Agent and the Borrower in writing by telephone (confirmed by hand delivery or facsimile) of such demand for payment if the and whether such L/C Issuer has made or will make an L/C Disbursement thereunder; provided that any failure to give or delay in giving such notice shall not relieve the Borrower of its obligation to reimburse the such L/C Issuer and the Lenders with respect to any such L/C Disbursement.

Appears in 1 contract

Samples: Credit Agreement (Spectrum Brands, Inc.)

Disbursement Procedures. The L/C Issuer for any Letter of Credit shall, within the time allowed by Applicable applicable Laws or the specific terms of the Letter of Credit following its receipt thereof, examine all documents purporting to represent a demand for payment under such Letter of Credit. The the L/C Issuer shall promptly after such examination notify the Administrative Agent and the Borrower in writing of such demand for payment if the L/C Issuer has made or will make an L/C Disbursement thereunder; provided that any failure to give or delay in giving such notice shall not relieve the Borrower of its obligation to reimburse the L/C Issuer and the Lenders with respect to any such L/C Disbursement.

Appears in 1 contract

Samples: Credit Agreement (Lydall Inc /De/)

Disbursement Procedures. The L/C Issuer for any Letter of Credit shall, within the time allowed by Applicable Laws or the specific terms of the Letter of Credit following its receipt thereof, examine all documents purporting to represent a demand for payment under such Letter of Credit. The L/C Issuer shall promptly after such examination notify the Administrative Agent and the Borrower in writing of such demand for payment if the L/C Issuer has made or will make an L/C Disbursement thereunder; provided that any failure to give or delay in giving such notice shall not relieve the Borrower of its obligation to reimburse the L/C Issuer and the Lenders with respect to any such L/C Disbursement.. 45 0000-0000-0000 v.7

Appears in 1 contract

Samples: Credit Agreement (Powell Industries Inc)

Disbursement Procedures. The L/C Issuer for any Letter of Credit shall, within the time allowed by Applicable applicable Laws or the specific terms of the Letter of Credit following its receipt thereof, examine all documents purporting to represent a demand for payment under such Letter of Credit. The Such L/C Issuer shall promptly after such examination notify the Administrative Agent and the Borrower in writing of such demand for payment if the such L/C Issuer has made or will make an L/C Disbursement thereunder; provided that any failure to give or delay in giving such notice shall not relieve the Borrower of its obligation to reimburse the such L/C Issuer and the Revolving Credit Lenders with respect to any such L/C Disbursement.

Appears in 1 contract

Samples: Credit Agreement (American Assets Trust, L.P.)

Disbursement Procedures. The L/C Issuer for any Letter of Credit shall, within the time allowed by Applicable Laws or the specific terms of the Letter of Credit following its receipt thereof, examine all documents purporting to represent a demand for payment under such Letter of Credit. The L/C Issuer shall promptly after such examination notify the Administrative Agent and the Borrower in writing of such demand for payment if the L/C Issuer has made or will make an L/C Disbursement thereunder; provided that any failure to give or delay in giving such notice shall not relieve the Borrower of its obligation to reimburse the L/C Issuer and the Lenders with respect to any such the L/C Disbursement.

Appears in 1 contract

Samples: Credit Agreement (Shutterstock, Inc.)

Disbursement Procedures. The L/C Issuer for any Letter of Credit shall, within the time allowed by Applicable Laws Law or the specific terms of the Letter of Credit following its receipt thereof, examine all documents purporting to represent a demand for payment under such Letter of Credit. The L/C Issuer shall promptly after such examination notify the Administrative Agent and the Borrower in writing of such demand for payment if the L/C Issuer has made or will make an L/C Disbursement thereunder; provided that any failure to give or delay in giving such notice shall not relieve the Borrower of its obligation to reimburse the L/C Issuer and the Lenders with respect to any such L/C Disbursement.

Appears in 1 contract

Samples: Credit Agreement (Resource REIT, Inc.)

Disbursement Procedures. The L/C Issuer for any Letter of Credit shall, within the time allowed by Applicable Laws or the specific terms of the Letter of Credit following its receipt thereof, examine all documents purporting to represent a demand for payment under such Letter of Credit. The the L/C Issuer shall promptly after such examination notify the Administrative Agent and the applicable Borrower in writing of such demand for payment if the L/C Issuer has made or will make an L/C Disbursement thereunder; provided that any failure to give or delay in giving such notice shall not relieve the such Borrower of its obligation to reimburse the L/C Issuer and the Lenders with respect to any such L/C Disbursement.

Appears in 1 contract

Samples: Credit Agreement (1847 Goedeker Inc.)

Disbursement Procedures. The L/C Issuer for any Letter of Credit shall, within the time allowed by Applicable applicable Laws or the specific terms of the Letter of Credit following its receipt thereof, examine all documents purporting to represent a demand for payment under such Letter of Credit. The Such L/C Issuer shall promptly after such examination notify the Administrative Agent and the Borrower in writing of such demand for payment if the such L/C Issuer has made or will make an L/C Disbursement thereunder; provided that any failure to give or delay in giving such notice shall not relieve the Borrower of its obligation to reimburse the such L/C Issuer and the Lenders with respect to any such L/C Disbursement.

Appears in 1 contract

Samples: Revolving Credit Agreement (Mattel Inc /De/)

Disbursement Procedures. The L/C Issuer for any applicable Letter of Credit Issuer shall, within the time allowed by Applicable Laws or the specific terms of the Letter of Credit promptly following its receipt thereof, examine all documents purporting to represent a demand for payment under such a Letter of Credit. The L/C Such Letter of Credit Issuer shall promptly after such examination notify the Administrative Agent and the Borrower in writing of any such demand for payment if the L/C under a Letter of Credit and whether such Letter of Credit Issuer has made or will make an L/C Disbursement thereunder; provided provided, that any failure to give or delay in giving such notice shall not relieve the relevant Borrower of its obligation to reimburse the L/C such Letter of Credit Issuer and and/or the Lenders with respect to any such L/C Disbursement.

Appears in 1 contract

Samples: Abl Credit Agreement (Claire's Holdings LLC)

Disbursement Procedures. The L/C Issuer for any Letter of Credit shall, within the time allowed by Applicable applicable Laws or the specific terms of the Letter of Credit following its receipt thereof, examine all documents purporting to represent a demand for payment under such Letter of Credit. The L/C Issuer shall promptly after such examination notify the Administrative Agent and the Borrower Company in writing of such demand for payment if the L/C Issuer has made or will make an L/C Disbursement thereunder; provided that provided, that, any failure to give or delay in giving such notice shall not relieve the Borrower Company of its obligation to reimburse the L/C Issuer and the Revolving Lenders with respect to any such L/C Disbursement.

Appears in 1 contract

Samples: Credit Agreement (Meet Group, Inc.)

Disbursement Procedures. The applicable L/C Issuer for any Letter of Credit shall, within the time allowed by Applicable applicable Laws or the specific terms of the Letter of Credit following its receipt thereof, examine all documents purporting to represent a demand for payment under such Letter of Credit. The applicable L/C Issuer shall promptly after such examination notify the Administrative Agent and the Borrower Xxxxx in writing of such demand for payment if the such L/C Issuer has made or will make an a L/C Disbursement thereunder; provided that provided, that, any failure to give or delay in giving such notice shall not relieve the Borrower Xxxxx of its obligation to reimburse the such L/C Issuer and the Domestic Lenders with respect to any such L/C Disbursement.

Appears in 1 contract

Samples: Global Revolving Credit Agreement (Ryder System Inc)

Disbursement Procedures. The L/C Issuer for any Letter of Credit shall, within the time allowed by Applicable applicable Laws or the specific terms of the Letter of Credit following its receipt thereof, examine all documents purporting to represent a demand for payment under such Letter of Credit. The L/C Issuer shall promptly after such examination notify the Administrative Agent and the applicable Borrower in writing of such demand for payment if the L/C Issuer has made or will make an a L/C Disbursement thereunder; provided that provided, that, any failure to give or delay in giving such notice shall not relieve the such Borrower of its obligation to reimburse the L/C Issuer and the Lenders with respect to any such L/C Disbursement.

Appears in 1 contract

Samples: Credit Agreement (Stifel Financial Corp)

Disbursement Procedures. The L/C Issuer for any Letter of Credit shall, within the time allowed by Applicable Laws or the specific terms of the Letter of Credit following its receipt thereof, examine all documents purporting to represent a demand for payment under such Letter of Credit. The L/C Issuer shall promptly after such examination notify the Administrative Agent and the Borrower in writing of such demand for payment if the L/C Issuer has made or will make an L/C Disbursement thereunder; provided that provided, that, any failure to give or delay in giving such notice shall not relieve the Borrower of its obligation to reimburse the L/C Issuer and the Lenders with respect to any such L/C Disbursement.

Appears in 1 contract

Samples: Credit Agreement (Radiant Logistics, Inc)

Disbursement Procedures. The L/C Issuer for any Letter of Credit shall, within the time allowed by Applicable Laws or the specific terms of the Letter of Credit following its receipt thereof, examine all documents purporting to represent a demand for payment under such Letter of Credit. The L/C Issuer shall promptly after such examination notify the Administrative Agent and the Borrower in writing of such demand for payment if the L/C Issuer has made or will make an L/C Disbursement thereunder; provided that any failure to give or delay in giving such notice shall not relieve the Borrower of its obligation to reimburse the L/C Issuer and the Lenders with respect to any such L/C Disbursement.

Appears in 1 contract

Samples: Credit Agreement (Omega Healthcare Investors Inc)

Disbursement Procedures. The applicable L/C Issuer for any Letter of Credit shall, within the time allowed by Applicable applicable Laws or the specific terms of the Letter of Credit following its receipt thereof, examine all documents purporting to represent a demand for payment under such Letter of Credit. The applicable L/C Issuer shall promptly after such examination notify the Administrative Agent and the Borrower Ryder in writing of such demand for payment if the such L/C Issuer has made or will make an a L/C Disbursement thereunder; provided that provided, that, any failure to give or delay in giving such notice shall not relieve the Borrower Ryder of its obligation to reimburse the such L/C Issuer and the Domestic Lenders with respect to any such L/C Disbursement.

Appears in 1 contract

Samples: Global Revolving Credit Agreement (Ryder System Inc)

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