Common use of Disbursement Procedures Clause in Contracts

Disbursement Procedures. The applicable Issuing Bank shall, promptly following its receipt thereof, examine all documents purporting to represent a demand for payment under a Letter of Credit. Such Issuing Bank shall promptly notify the Administrative Agent and the Borrower by telephone (confirmed by electronic means) of any such demand for payment under a Letter of Credit and whether such Issuing Bank 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 such Issuing Bank and the Revolving Facility Lenders with respect to any such L/C Disbursement.

Appears in 44 contracts

Samples: Credit Agreement (Cerence Inc.), Credit Agreement (Dave & Buster's Entertainment, Inc.), Credit Agreement (Cerence Inc.)

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Disbursement Procedures. The applicable Issuing Bank shall, promptly following its receipt thereof, examine all documents purporting to represent a demand for payment under a Revolving Letter of Credit. Such Issuing Bank shall promptly notify the Administrative Agent and the Borrower by telephone (confirmed by electronic meanstelecopy) of any such demand for payment under a Letter of Credit and whether such Issuing Bank has made or will make an a Revolving L/C Disbursement thereunder; provided, provided that any failure to give or delay in giving such notice shall not relieve the Borrower of its obligation to reimburse such Issuing Bank and the Revolving Facility Lenders with respect to any such Revolving L/C Disbursement.

Appears in 15 contracts

Samples: Credit Agreement (Crestwood Midstream Partners LP), Credit Agreement (Crestwood Midstream Partners LP), Revolving Credit Agreement (Frank's International N.V.)

Disbursement Procedures. The applicable Issuing Bank shall, promptly following its receipt thereof, examine all documents purporting to represent a demand for payment under a Letter of Credit. Such Issuing Bank shall promptly notify the Administrative Agent and the Borrower by telephone (confirmed by electronic means) of any such demand for payment under a Letter of Credit and whether such Issuing Bank 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 obligations to reimburse such Issuing Bank and the Revolving Facility Lenders with respect to any such L/C Disbursement.

Appears in 13 contracts

Samples: Credit Agreement (Dollar Tree Inc), Credit Agreement (Westrock Coffee Co), Credit Agreement (Cabot Microelectronics Corp)

Disbursement Procedures. The applicable Issuing Bank shall, promptly following its receipt thereof, examine all documents purporting to represent a demand for payment under a Letter of Credit. Such Issuing Bank shall promptly notify the Administrative Agent and the Borrower by telephone (confirmed by electronic meanstelecopy) of any such demand for payment under a Letter of Credit and whether such Issuing Bank has made or will make an a L/C Disbursement thereunder; provided, provided that any failure to give or delay in giving such notice shall not relieve the Borrower of its obligation to reimburse such Issuing Bank and the Revolving Facility Lenders with respect to any such L/C Disbursement.

Appears in 12 contracts

Samples: Credit Agreement (PQ Systems INC), Control Agreement (Secure Computing Corp), Credit Agreement (Hughes Communications, Inc.)

Disbursement Procedures. The applicable Issuing Bank Bank(s) for any Letter of Credit shall, promptly following its receipt thereof, examine all documents purporting to represent a demand for payment under a such Letter of Credit. Such Issuing Bank Bank(s) shall promptly notify the Administrative Agent and the Borrower by telephone (confirmed by electronic meanstelecopy) of any such demand for payment under a Letter of Credit and whether such Issuing Bank has Bank(s) have made or will make an L/C LC Disbursement thereunder; provided, provided that any failure to give or delay in giving such notice shall not relieve the Borrower of its obligation to reimburse such Issuing Bank Bank(s) and the Revolving Facility Credit Lenders with respect to any such L/C LC Disbursement.

Appears in 7 contracts

Samples: Credit Agreement (Sprint Nextel Corp), Credit Agreement (Sprint Nextel Corp), Credit Agreement (Nextel Communications Inc)

Disbursement Procedures. The applicable Issuing Bank shall, promptly following its receipt thereof, examine all documents purporting to represent a demand for payment under a Letter of Credit. Such Issuing Bank shall promptly notify the Administrative Agent and the Borrower Company by telephone (confirmed by electronic means) of any such demand for payment under a Letter of Credit and whether such Issuing Bank has made or will make an a 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 their obligations to reimburse such Issuing Bank and the Revolving Facility Lenders with respect to any such L/C Disbursement.

Appears in 7 contracts

Samples: Credit Agreement (Norwegian Cruise Line Holdings Ltd.), Credit Agreement (Norwegian Cruise Line Holdings Ltd.), Credit Agreement (Norwegian Cruise Line Holdings Ltd.)

Disbursement Procedures. The applicable Issuing Bank shall, promptly following its receipt thereof, examine all documents purporting to represent a demand for payment under a Letter of Credit. Such Issuing Bank shall promptly notify the Administrative Agent and the Borrower by telephone written notice (confirmed including by electronic means) of any such demand for payment under a Letter of Credit and whether such Issuing Bank 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 such Issuing Bank and the Revolving Facility Lenders with respect to any such L/C Disbursement.

Appears in 6 contracts

Samples: Intercreditor Agreement (ADT, Inc.), Credit Agreement (ADT Inc.), Agreement (ADT Inc.)

Disbursement Procedures. The applicable Issuing Bank for any Letter of Credit shall, promptly within the time allowed by 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 a such Letter of Credit. Such Issuing Bank shall promptly after such examination notify the Administrative Agent and the Borrower by telephone (confirmed by telecopy or electronic meansmail) of any such demand for payment under a Letter of Credit and whether if such Issuing Bank has made or will make an L/C LC Disbursement thereunder; provided, provided that any failure to give or delay in giving such notice shall not relieve the Borrower of its obligation to reimburse such Issuing Bank and the Revolving Facility Lenders with respect to any such L/C LC Disbursement.

Appears in 6 contracts

Samples: Secured Revolving Credit Agreement (Excelerate Energy, Inc.), Credit Agreement (Maxlinear Inc), Senior Secured Revolving Credit Agreement (Excelerate Energy, Inc.)

Disbursement Procedures. The applicable Issuing Bank shall, promptly following its receipt thereof, examine all documents purporting to represent a demand for payment under a Letter of Credit. Such The Issuing Bank shall as promptly notify as possible give telephonic notification, confirmed by fax, to the Administrative Agent and the Borrower by telephone (confirmed by electronic means) of any such demand for payment under a Letter of Credit and whether such the Issuing Bank 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 Borrower of its obligation to reimburse such the Issuing Bank and the Revolving Facility applicable Lenders with respect to any such L/C Disbursement. The Administrative Agent shall promptly give each Revolving Credit Lender notice thereof.

Appears in 6 contracts

Samples: Credit Agreement (True Temper Sports PRC Holdings Inc), Credit Agreement (Blackboard Inc), Credit Agreement (True Temper Sports Inc)

Disbursement Procedures. The applicable Issuing Bank shall, promptly following its receipt thereof, examine all documents purporting to represent a demand for payment under a Letter of Credit. Such Issuing Bank shall promptly notify the Administrative Agent and the Borrower by telephone (confirmed by electronic meansfacsimile or e-mail) of any such demand for payment under a Letter of Credit and whether such Issuing Bank 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 Borrower Parties of its obligation their obligations to reimburse such Issuing Bank and or the Revolving Facility Lenders with respect to any such L/C Disbursement.

Appears in 6 contracts

Samples: Revolving Credit Agreement (AZEK Co Inc.), Revolving Credit Agreement (AZEK Co Inc.), Revolving Credit Agreement (AZEK Co Inc.)

Disbursement Procedures. The applicable Issuing Bank shall, promptly following its receipt thereof, examine all documents purporting to represent a demand for payment under a Letter of Credit. Such Issuing Bank shall promptly notify the Administrative Agent and the Borrower by telephone (confirmed by facsimile or other electronic meanstransmission) of any such demand for payment under a Letter of Credit and whether such Issuing Bank has made or will make an a L/C Disbursement thereunder; provided, provided that any failure to give or delay in giving such notice shall not relieve the Borrower of its obligation to reimburse such Issuing Bank and the Revolving Facility Lenders with respect to any such L/C Disbursement.

Appears in 5 contracts

Samples: Credit Agreement (Verso Corp), Agreement and Plan of Merger (Verso Corp), Assignment and Acceptance Agreement (Verso Corp)

Disbursement Procedures. The applicable Issuing Bank shall, promptly following its receipt thereof, examine all documents purporting to represent a demand for payment under a Letter of Credit. Such Issuing Bank shall promptly notify the Administrative Agent and the Borrower by telephone (confirmed by electronic meansfax) of any such demand for payment under a Letter of Credit and whether such Issuing Bank has made or will make an a L/C Disbursement thereunder; provided, provided that any failure to give or delay in giving such notice shall not relieve the Borrower of its obligation to reimburse such Issuing Bank and or the Revolving Facility Lenders with respect to from the amount of any such L/C Disbursement.

Appears in 5 contracts

Samples: Credit Agreement (Edwards Group LTD), Credit Agreement (Generac Holdings Inc.), Credit Agreement (Generac Holdings Inc.)

Disbursement Procedures. The applicable Issuing Bank shall, promptly following its receipt thereof, examine all documents purporting to represent a demand for payment under a Letter of Credit. Such Issuing Bank shall promptly notify the Administrative Agent and the Borrower by telephone (confirmed by electronic meanstelecopy) of any such demand for payment under a Letter of Credit and whether such Issuing Bank has made or will make an a 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 such Issuing Bank and the Revolving Facility Lenders with respect to any such L/C Disbursement.

Appears in 4 contracts

Samples: Credit Agreement (Verso Sartell LLC), Credit Agreement (Verso Paper Corp.), Credit Agreement (Verso Paper Corp.)

Disbursement Procedures. The applicable Issuing Bank shallwill, promptly following its receipt thereof, examine all documents purporting to represent a demand for payment under a Letter of Credit. Such Issuing Bank shall will promptly notify the Administrative Agent and the Borrower by telephone (confirmed by electronic meansfacsimile or e-mail) of any such demand for payment under a Letter of Credit and whether such Issuing Bank has made or will make an L/C Disbursement thereunder; provided, provided that any failure to give or delay in giving such notice shall will not relieve the Borrower of its obligation obligations to reimburse such Issuing Bank and and/or the Revolving Facility Lenders with respect to any such L/C Disbursement.

Appears in 4 contracts

Samples: First Amendment Agreement (PET Acquisition LLC), Revolving Credit Agreement (PET Acquisition LLC), First Amendment Agreement (PET Acquisition LLC)

Disbursement Procedures. The applicable Issuing Bank shall, promptly following its receipt thereof, examine all documents purporting to represent a demand for payment under a Letter of Credit. Such Issuing Bank shall promptly notify the Administrative Agent and the applicable Borrower by telephone (confirmed by electronic meanstelecopy) of any such demand for payment under a Letter of Credit and whether such Issuing Bank has made or will make an a L/C Disbursement thereunder; provided, provided that any failure to give or delay in giving such notice shall not relieve the applicable Borrower of its obligation to reimburse such Issuing Bank and the Revolving Facility Lenders with respect to any such L/C Disbursement.

Appears in 4 contracts

Samples: Collateral Access Agreement (Momentive Specialty Chemicals Inc.), Asset Based Revolving Credit Agreement (Hexion Inc.), Amendment Agreement (Hexion Inc.)

Disbursement Procedures. The applicable Issuing Bank shall, promptly following its receipt thereof, examine all documents purporting to represent a demand for payment under a Letter of Credit. Such Issuing Bank shall promptly notify the Administrative Agent and the Borrower by telephone (confirmed by electronic meanstelecopy) of any such demand for payment under a Letter of Credit and whether such Issuing Bank 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 such Issuing Bank and and/or the Revolving Facility Lenders with respect to any such L/C Disbursement.

Appears in 4 contracts

Samples: Credit Agreement (Claires Stores Inc), Credit Agreement (Claires Stores Inc), Credit Agreement (Claires Stores Inc)

Disbursement Procedures. The applicable Issuing Bank shall, promptly following its receipt thereof, examine all documents purporting to represent a demand for payment under a Letter of Credit. Such Issuing Bank shall promptly notify the Administrative Agent and the Borrower by telephone (confirmed by electronic meanstelecopy) of any such demand for payment under a Letter of Credit and whether such Issuing Bank has made or will make an a 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 such Issuing Bank and and/or the Revolving Facility Lenders with respect to any such L/C Disbursement.

Appears in 4 contracts

Samples: Credit Agreement (Quality Distribution Inc), Credit Agreement (Quality Distribution Inc), Credit Agreement (Quality Distribution Inc)

Disbursement Procedures. The applicable Issuing Bank shall, promptly following its receipt thereof, examine all documents purporting to represent a demand for payment under a Letter of Credit. Such Issuing Bank shall promptly notify the Administrative Agent and the Borrower by telephone (confirmed by facsimile or other electronic meanstransmission) of any such demand for payment under a Letter of Credit and whether such Issuing Bank has made or will make an a Revolving L/C Disbursement or DSR L/C Disbursement thereunder; provided, provided that any failure to give or delay in giving such notice shall not relieve the Borrower of its obligation to reimburse such Issuing Bank and the Revolving Facility Lenders with respect to any such L/C Disbursement.

Appears in 3 contracts

Samples: Credit Agreement (REV Renewables, Inc.), Credit Agreement (REV Renewables, Inc.), Credit Agreement (REV Renewables, Inc.)

Disbursement Procedures. The applicable Issuing Bank shall, promptly following its receipt thereof, examine all documents purporting to represent a demand for payment under a Letter of Credit. Such Issuing Bank shall promptly notify the Administrative Agent and the Borrower by telephone (confirmed by electronic meanstelecopy) of any such demand for payment under a Letter of Credit and whether such Issuing Bank 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 Borrower of its obligation to reimburse such Issuing Bank and the Revolving Facility Lenders with respect to any such L/C Disbursement.

Appears in 3 contracts

Samples: Credit Agreement (Allegheny Energy, Inc), Credit Agreement (Coty Inc /), Credit Agreement (Allegheny Energy, Inc)

Disbursement Procedures. The applicable Issuing Bank shall, promptly following its receipt thereof, examine all documents purporting to represent a demand for payment under a Letter of Credit. Such Issuing Bank shall promptly notify the Administrative Agent and the Borrower by telephone (confirmed by electronic meansfacsimile) of any such demand for payment under a Letter of Credit and whether such Issuing Bank has made or will make an a Revolving 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 such Issuing Bank and the Revolving Facility Lenders with respect to any such Revolving L/C Disbursement.

Appears in 3 contracts

Samples: Credit Agreement, Credit Agreement (Rose Rock Midstream, L.P.), Credit Agreement (Summit Midstream Partners, LP)

Disbursement Procedures. The applicable Issuing Bank shall, promptly following its receipt thereof, examine all documents purporting to represent a demand for payment under a Letter of Credit. Such Issuing Bank shall promptly notify the Administrative Agent and the applicable Borrower by telephone (confirmed by electronic meanstelecopy) of any such demand for payment under a Letter of Credit and whether such Issuing Bank has made or will make an a L/C Disbursement thereunder; provided, provided that any failure to give or delay in giving such notice shall not relieve the any Borrower of its obligation to reimburse such Issuing Bank and the Revolving Facility Lenders with respect to any such L/C Disbursement.

Appears in 3 contracts

Samples: Credit Agreement (Dresser-Rand Group Inc.), Credit Agreement (Dresser-Rand Group Inc.), Credit Agreement (Dresser-Rand Group Inc.)

Disbursement Procedures. The applicable Issuing Bank shall, promptly within the period stipulated by the terms and conditions of Letter of Credit, following its receipt thereof, examine all documents purporting to represent a demand for payment under a Letter of Credit. Such After examination, such Issuing Bank shall promptly notify the Administrative Agent and the Borrower by telephone (confirmed by telecopy or electronic means) mail of any such demand for payment under a Letter of Credit and whether such Issuing Bank 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 Borrower of its obligation to reimburse such Issuing Bank and the Revolving Facility Lenders with respect to any such L/C Disbursement.

Appears in 3 contracts

Samples: Credit Agreement (Apollo Global Management LLC), Credit Agreement (Apollo Global Management, Inc.), Credit Agreement (Apollo Asset Management, Inc.)

Disbursement Procedures. The applicable Issuing Bank shall, promptly following its receipt thereof, examine all documents purporting to represent a demand for payment under a Revolving Letter of Credit. Such Issuing Bank shall promptly notify the Administrative Agent and the applicable Borrower by telephone (confirmed by electronic meanstelecopy) of any such demand for payment under a Letter of Credit and whether such Issuing Bank has made or will make an a Revolving L/C Disbursement thereunder; provided, provided that any failure to give or delay in giving such notice shall not relieve the such Borrower of its obligation to reimburse such Issuing Bank and the Revolving Facility Lenders with respect to any such Revolving L/C Disbursement.

Appears in 3 contracts

Samples: Credit Agreement (CHC Group Ltd.), Credit Agreement (Integra Leasing As), Credit Agreement (CHC Group Ltd.)

Disbursement Procedures. The applicable Issuing Bank shall, promptly following its receipt thereof, examine all documents purporting to represent a demand for payment under a Letter of Credit. Such Issuing Bank shall promptly notify the Administrative Agent and the Borrower by telephone (confirmed by electronic meanstelecopy) of any such demand for payment under a Letter of Credit and whether such Issuing Bank has made or will make an a 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 such Issuing Bank and the Revolving Facility Lenders or Synthetic L/C Lenders, as applicable, with respect to any such L/C Disbursement.

Appears in 3 contracts

Samples: Eleventh Amendment (Anywhere Real Estate Group LLC), Credit Agreement (Realogy Holdings Corp.), Credit Agreement (NRT Settlement Services of Missouri LLC)

Disbursement Procedures. The applicable Issuing Bank shall, promptly following its receipt thereof, examine all documents purporting to represent a demand for payment under a Letter of Credit. Such Issuing Bank shall promptly notify the Administrative Agent and the applicable Borrower by telephone (confirmed by electronic means) of any such demand for payment under a Letter of Credit and whether such Issuing Bank 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 obligations to reimburse such Issuing Bank and the Revolving Facility Lenders with respect to any such L/C Disbursement.

Appears in 3 contracts

Samples: Credit Agreement (Adient LTD), Collateral Agreement (Johnson Controls Inc), Credit Agreement (Adient PLC)

Disbursement Procedures. The applicable Issuing Bank shall, promptly following its receipt thereof, examine all documents purporting to represent a demand for payment under a Letter of Credit. Such Issuing Bank shall promptly notify the Administrative Agent and the Borrower by telephone (confirmed by electronic meanstelecopy) of any such demand for payment under a Letter of Credit and whether such Issuing Bank has made or will make an a L/C Disbursement thereunder; provided, provided that any failure to give or delay in giving such notice shall not relieve the Borrower of its obligation to reimburse such Issuing Bank and the Revolving Facility Lenders with respect to any such L/C Disbursement.

Appears in 3 contracts

Samples: Credit Agreement (Universal City Travel Partners), Credit Agreement (Universal City Travel Partners), Credit Agreement (Universal City Development Partners LTD)

Disbursement Procedures. The applicable Issuing Bank shall, promptly following its receipt thereof, examine all documents purporting to represent a demand for payment under a Letter of Credit. Such Issuing Bank shall as promptly notify as possible give telephonic notification, confirmed by telecopy, to the Administrative Agent and the applicable Borrower by telephone (confirmed by electronic means) of any such demand for payment under a Letter of Credit and whether such Issuing Bank 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 any Borrower of its obligation to reimburse such Issuing Bank and the Revolving Facility Credit Lenders with respect to any such L/C Disbursement. The Administrative Agent shall promptly give each Revolving Credit Lender notice thereof.

Appears in 3 contracts

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

Disbursement Procedures. The applicable Issuing Bank shall, promptly following its receipt thereof, examine all documents purporting to represent a demand for payment under a Letter of Credit. Such Issuing Bank shall promptly notify the Administrative Agent and the Borrower by telephone (confirmed by electronic means) or electronic means of any such demand for payment under a Letter of Credit and whether such Issuing Bank has made or will make an a 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 such Issuing Bank and and/or the Revolving Facility Lenders with respect to any such L/C Disbursement.

Appears in 3 contracts

Samples: Credit Agreement (Sun Country Airlines Holdings, Inc.), Asset Based Revolving Credit Agreement (Sun Country Airlines Holdings, Inc.), Asset Based Revolving Credit Agreement (Sun Country Airlines Holdings, Inc.)

Disbursement Procedures. The applicable Issuing Bank shall, promptly following its receipt thereof, examine all documents purporting to represent a demand for payment under a Letter of Credit. Such Issuing Bank shall promptly notify the Administrative Agent and the Borrower Borrowers by telephone (confirmed by electronic means) of any such demand for payment under a Letter of Credit and whether such Issuing Bank 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 such Issuing Bank and the Revolving Facility Lenders with respect to any such L/C Disbursement.

Appears in 3 contracts

Samples: First Lien Credit Agreement (Zurn Water Solutions Corp), Intercreditor Agreement (Rexnord Corp), First Lien Credit Agreement (Zurn Water Solutions Corp)

Disbursement Procedures. The applicable Issuing Bank shall, promptly following its receipt thereof, examine all documents purporting to represent a demand for payment under a Letter of Credit. Such Issuing Bank shall promptly notify the Administrative Agent and the Borrower by telephone (confirmed by electronic means) of any such demand for payment under a Letter of Credit and whether such Issuing Bank 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 obligations to reimburse such Issuing Bank and the Revolving Facility Lenders with respect to any such L/C Disbursement.

Appears in 3 contracts

Samples: Credit Agreement (Enhabit, Inc.), Credit Agreement (Enhabit, Inc.), Credit Agreement (Encompass Health Corp)

Disbursement Procedures. The applicable Issuing Bank shall, promptly following its receipt thereof, examine all documents purporting to represent a demand for payment under a Letter of Credit. Such Issuing Bank shall promptly notify the Administrative Agent and the Borrower by telephone written notice (confirmed including by electronic means) of any such demand for payment under a Letter of Credit and whether such Issuing Bank 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 or any Co-Borrower of its obligation to reimburse such Issuing Bank and the Revolving Facility Lenders with respect to any such L/C Disbursement.

Appears in 3 contracts

Samples: Incremental Assumption and Amendment Agreement (ADT Inc.), Incremental Assumption and Amendment Agreement (ADT Inc.), Incremental Assumption and Amendment Agreement (ADT Inc.)

Disbursement Procedures. The applicable Issuing Bank shall, promptly following its receipt thereof, examine all documents purporting to represent a demand for payment under a Letter of Credit. Such Issuing Bank shall promptly notify the Administrative Agent and the Lux Borrower by telephone (confirmed by electronic means) of any such demand for payment under a Letter of Credit and whether such Issuing Bank 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 their obligations to reimburse such Issuing Bank and the Revolving Facility Lenders with respect to any such L/C Disbursement.

Appears in 3 contracts

Samples: Credit Agreement (Mallinckrodt PLC), Incremental Assumption Agreement (Mallinckrodt PLC), Credit Agreement (Mallinckrodt PLC)

Disbursement Procedures. The applicable Issuing Bank shall, promptly following its receipt thereof, examine all documents purporting to represent a demand for payment under a Letter of Credit. Such Issuing Bank shall promptly notify the Administrative Agent and by facsimile or electronic communication (if arrangements for doing so have been approved by the Borrower by telephone (confirmed by electronic meansapplicable Issuing Bank) of any such demand for payment under a Letter of Credit and whether such Issuing Bank has made or will make an L/C a LC Disbursement thereunder; provided, provided that any failure to give or delay in giving such notice shall not relieve the Borrower of its obligation to reimburse such Issuing Bank and the Revolving Facility Lenders with respect to any such L/C LC Disbursement.

Appears in 3 contracts

Samples: Abl Credit Agreement (Chewy, Inc.), Abl Credit Agreement (Chewy, Inc.), Credit Agreement (Chewy, Inc.)

Disbursement Procedures. The applicable Issuing Bank shall, promptly following its receipt thereof, examine all documents purporting to represent a demand for payment under a Letter of Credit. Such Issuing Bank shall promptly notify the Administrative Agent and the Borrower by telephone (confirmed by electronic meansfacsimile) of any such demand for payment under a Letter of Credit and whether such Issuing Bank 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 Borrower of its obligation to reimburse such Issuing Bank and the Revolving Facility Pre-Funded L/C Lenders with respect to any such L/C Disbursement.

Appears in 3 contracts

Samples: Term Loan Credit Agreement (TMS International Corp.), Term Loan Credit Agreement (Tube City IMS CORP), Term Loan Credit Agreement (TMS International Corp.)

Disbursement Procedures. The applicable Issuing Bank shall, promptly following its receipt thereof, examine all documents purporting to represent a demand for payment under a Letter of Credit. Such Issuing Bank shall promptly notify the Administrative Agent and the Borrower by telephone (confirmed by electronic meanstelecopy) of any such demand for payment under a Letter of Credit and whether such Issuing Bank has made or will make an a L/C Disbursement thereunder; provided, provided that any failure to give or delay in giving such notice shall not relieve the Borrower of its obligation to reimburse such Issuing Bank and the Revolving Facility Lenders with respect to any such L/C Disbursement.

Appears in 3 contracts

Samples: Credit Agreement (Verso Paper Corp.), Credit Agreement (Verso Paper Corp.), Possession Credit Agreement (Verso Paper Holdings LLC)

Disbursement Procedures. The applicable Issuing Bank shallwill, promptly following its receipt thereof, examine all documents purporting to represent a demand for payment under a Letter of Credit. Such Issuing Bank shall will promptly notify the Administrative Agent and the Borrower Holdings by telephone (confirmed by electronic meansfacsimile or e-mail) of any such demand for payment under a Letter of Credit and whether such Issuing Bank has made or will make an L/C Disbursement thereunder; provided, provided that any failure to give or delay in giving such notice shall will not relieve the Borrower applicable Borrowers of its obligation their obligations to reimburse such Issuing Bank and and/or the Revolving Facility Lenders with respect to any such L/C DisbursementDisbursement (following receipt of notice from the Issuing Bank).

Appears in 2 contracts

Samples: Revolving Credit Agreement (Venator Materials PLC), Revolving Credit Agreement (Venator Materials PLC)

Disbursement Procedures. The applicable Issuing Bank shall, promptly following its receipt thereof, examine all documents purporting to represent a demand for payment under a Letter of Credit. Such Issuing Bank shall promptly notify the Administrative Agent and the Borrower Representative by telephone (confirmed by electronic means) of any such demand for payment under a Letter of Credit and whether such Issuing Bank 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 such Issuing Bank and the Revolving Facility Lenders with respect to any such L/C Disbursement.

Appears in 2 contracts

Samples: Joinder Agreement (Presidio, Inc.), Credit Agreement (Presidio, Inc.)

Disbursement Procedures. The applicable Issuing Bank shall, promptly following its receipt thereof, examine all documents purporting to represent a demand for payment under a Letter of Credit. Such Issuing Bank shall promptly notify the Administrative Agent and the Lead Borrower by telephone (confirmed by electronic means) in writing of any such demand for payment under a Letter of Credit and whether such Issuing Bank 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 relevant Borrower of its obligation to reimburse such Issuing Bank and and/or the Revolving Facility Lenders with respect to any such L/C Disbursement.

Appears in 2 contracts

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

Disbursement Procedures. The applicable Issuing Bank shall, promptly following its receipt thereof, examine all documents purporting to represent a demand for payment under a Letter of Credit. Such Issuing Bank shall promptly notify the Administrative Agent and the Borrower by telephone (confirmed by facsimile or other electronic meanstransmission) of any such demand for payment under a Letter of Credit and whether such Issuing Bank has made or will make an a Revolving L/C Disbursement thereunder; provided, provided that any failure to give or delay in giving such notice shall not relieve the Borrower of its obligation to reimburse such Issuing Bank and the Revolving Facility Lenders with respect to any such L/C Disbursement.

Appears in 2 contracts

Samples: Credit Agreement (REV Renewables, Inc.), Credit Agreement (REV Renewables, Inc.)

Disbursement Procedures. The applicable Issuing Bank shall, promptly following its receipt thereof, examine all documents purporting to represent a demand for payment under a Letter of Credit. Such Issuing Bank shall promptly notify the Administrative Agent and the Borrower by telephone (confirmed by electronic meansfacsimile or e-mail) of any such demand for payment under a Letter of Credit and whether such Issuing Bank 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 Borrower Parties of its obligation their obligations to reimburse such Issuing Bank and and/or the Revolving Facility Lenders with respect to any such L/C Disbursement.

Appears in 2 contracts

Samples: Credit Agreement (Smart & Final Stores, Inc.), Assignment and Acceptance (Smart & Final Stores, Inc.)

Disbursement Procedures. The applicable Issuing Bank for any Letter of Credit shall, promptly 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 a such Letter of Credit. Such Issuing Bank shall promptly after such examination notify the Administrative Agent and the applicable Borrower by telephone (confirmed by electronic means) in writing of any such demand for payment under a Letter of Credit and whether if such Issuing Bank 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 such Borrower of its obligation to reimburse such Issuing Bank and the Revolving Facility Lenders with respect to any such L/C Disbursement.

Appears in 2 contracts

Samples: Credit Agreement (Barnes Group Inc), Credit Agreement (Barnes Group Inc)

Disbursement Procedures. The applicable Issuing Bank shall, promptly following its receipt thereof, examine all documents purporting to represent a demand for payment under a Letter of Credit. Such Issuing Bank shall as promptly notify as possible give telephonic notification, confirmed by fax or e-mail, to the Administrative Agent and the applicable Borrower by telephone (confirmed by electronic means) of any such demand for payment under a Letter of Credit and whether such Issuing Bank 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 such Borrower of its obligation to reimburse such Issuing Bank and the Revolving Facility Credit Lenders with respect to any such L/C Disbursement.

Appears in 2 contracts

Samples: Credit Agreement (Reynolds Group Holdings LTD), Credit Agreement (Pactiv Evergreen Inc.)

Disbursement Procedures. The applicable Issuing Bank shall, promptly following its receipt thereof, examine all documents purporting to represent a demand for payment under a Letter of Credit. Such The applicable Issuing Bank shall as promptly notify as possible give telephonic notification, confirmed by telecopy or electronic transmission, to the Senior Administrative Agent and the Borrower by telephone (confirmed by electronic means) of any such demand for payment under a Letter of Credit and whether such Issuing Bank 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 Borrower of its obligation to reimburse such Issuing Bank and the Revolving Facility Lenders Credit Banks with respect to any such L/C Disbursement. The Senior Administrative Agent shall promptly give each Revolving Credit Bank notice thereof.

Appears in 2 contracts

Samples: Senior Credit Agreement (Rite Aid Corp), Senior Credit Agreement (Rite Aid Corp)

Disbursement Procedures. The applicable Issuing Bank shall, promptly following its receipt thereof, examine all documents purporting to represent a demand for payment under a Letter of Credit. Such The Issuing Bank shall as promptly notify as possible give telephonic notification, confirmed in writing (including by electronic communication), to the Administrative Agent and the Borrower by telephone (confirmed by electronic means) of any such demand for payment under a Letter of Credit and whether such the Issuing Bank 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 Borrower of its obligation to reimburse such the Issuing Bank and the applicable Revolving Facility Lenders with respect to any such L/C Disbursement. The Administrative Agent shall promptly give each Revolving Lender notice thereof.

Appears in 2 contracts

Samples: Credit Agreement (NRG Energy, Inc.), Credit Agreement (NRG Energy, Inc.)

Disbursement Procedures. The applicable Issuing Bank shall, promptly 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 a such Letter of Credit. Such The Issuing Bank shall promptly after such examination notify the Administrative Agent and the Borrower by telephone (confirmed by electronic means) in writing of any such demand for payment under a Letter of Credit and whether if such Issuing Bank 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 Borrower of its obligation to reimburse such Issuing Bank and the Revolving Facility Lenders with respect to any such L/C Disbursement.

Appears in 2 contracts

Samples: Credit Agreement (Landsea Homes Corp), Credit Agreement (Landsea Homes Corp)

Disbursement Procedures. The applicable Each Issuing Bank shall, promptly following upon its receipt thereof, examine all of any documents purporting to represent a demand for payment under a Letter of Credit, examine all such documents within the time period stipulated by the terms and conditions of such Letter of Credit. Such The applicable Issuing Bank shall as promptly notify as possible give written notice to the Administrative Agent and the Borrower by telephone (confirmed by electronic means) of any such demand for payment under a Letter of Credit and whether such Issuing Bank 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 Borrower of its obligation to reimburse such Issuing Bank and the Revolving Facility Lenders with respect to any such L/C Disbursement.

Appears in 2 contracts

Samples: Abl Credit Agreement (Community Health Systems Inc), Abl Credit Agreement (Community Health Systems Inc)

Disbursement Procedures. The applicable Issuing Bank for any Letter of Credit shall, promptly 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 a such Letter of Credit. Such Issuing Bank shall promptly after such examination notify the Administrative Agent and the Borrower by telephone (confirmed by electronic means) in writing of any such demand for payment under a Letter of Credit and whether if such Issuing Bank 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 Borrower of its obligation to reimburse such Issuing Bank and the Revolving Facility Lenders with respect to any such L/C Disbursement.

Appears in 2 contracts

Samples: Credit Agreement (Seaspan CORP), Credit Agreement (Atlas Corp.)

Disbursement Procedures. The applicable Issuing Bank for any Letter of Credit shall, promptly 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 a such Letter of Credit. Such Issuing Bank shall promptly after such examination notify the Administrative Agent and the Borrower by telephone (confirmed by electronic means) in writing of any such demand for payment under a Letter of Credit and whether if such Issuing Bank 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 Borrower of its obligation to reimburse such Issuing Bank and the Revolving Facility Lenders with respect to any such L/C Disbursement.

Appears in 2 contracts

Samples: Credit Agreement (Power Solutions International, Inc.), Credit Agreement (Power Solutions International, Inc.)

Disbursement Procedures. The applicable Issuing Bank shallwill, promptly following its receipt thereof, examine all documents purporting to represent a demand for payment under a Letter of Credit. Such Issuing Bank shall will promptly notify the Administrative Agent and the Borrower in writing (or by telephone (confirmed by electronic meansfacsimile or e-mail) of any such demand for payment under a Letter of Credit and whether such Issuing Bank has made or will make an L/C Disbursement thereunder; provided, provided that any failure to give or delay in giving such notice shall will not relieve the Borrower of its obligation obligations to reimburse such Issuing Bank and and/or the Revolving Facility Lenders with respect to any such L/C Disbursement.

Appears in 2 contracts

Samples: Credit Agreement (Amneal Pharmaceuticals, Inc.), Credit Agreement (Amneal Pharmaceuticals, Inc.)

Disbursement Procedures. The applicable Issuing Bank shall, promptly following its receipt thereof, examine all documents purporting to represent a demand for payment under a Letter of Credit. Such Issuing Bank shall promptly notify the Administrative Agent and the Borrower by telephone (confirmed by electronic meanstelecopy) of any such demand for payment under a Letter of Credit and whether such Issuing Bank 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 such Issuing Bank and and/or the Revolving ABL Facility Lenders with respect to any such L/C Disbursement.

Appears in 2 contracts

Samples: Credit Agreement (Claires Stores Inc), Credit Agreement (Claires Stores Inc)

Disbursement Procedures. The applicable Issuing Bank shall, promptly following its receipt thereof, examine all documents purporting to represent a demand for payment under a Revolving Letter of Credit. Such The Issuing Bank shall as promptly notify as possible give telephonic notification, confirmed by fax, to the Administrative Agent and the Borrower by telephone (confirmed by electronic means) of any such demand for payment under a Letter of Credit and whether such the Issuing Bank has made or will make an a Revolving L/C Disbursement thereunder; provided, provided that any failure to give or delay in giving such notice shall not relieve the Borrower of its obligation to reimburse such the Issuing Bank and the Revolving Facility applicable Lenders with respect to any such Revolving L/C Disbursement. The Administrative Agent shall promptly give each Revolving Credit Lender notice thereof.

Appears in 2 contracts

Samples: Credit Agreement (Dynegy Inc.), Credit Agreement (Dynegy Inc /Il/)

Disbursement Procedures. The applicable Issuing Bank Lender shall, promptly following its receipt thereof, examine all documents purporting to represent a demand for payment under a Letter of Credit. Such The Issuing Bank Lender shall promptly notify the Administrative Agent and the Borrower by telephone (confirmed by electronic meanstelecopy) of any such demand for payment under a Letter of Credit and whether such the Issuing Bank Lender has made or will make an L/C LC Disbursement thereunder; provided, that any failure to give or delay in giving such notice shall not relieve the Borrower of its obligation to reimburse such the Issuing Bank Lender and the Revolving Facility Lenders or Credit-Linked Deposit Lenders with respect to any such L/C DisbursementLC Disbursement in accordance with the terms herein.

Appears in 2 contracts

Samples: First Lien Security Agreement (Delta Air Lines Inc /De/), Credit and Guaranty Agreement (Delta Air Lines Inc /De/)

Disbursement Procedures. The applicable Issuing Bank shall, promptly following its receipt thereof, examine all documents purporting to represent a demand for payment under a Letter of Credit. Such Issuing Bank shall promptly notify the Administrative Agent and the Borrower by telephone (confirmed by electronic means) of any such demand for payment under a Letter of Credit and whether such Issuing Bank has made or will make an a 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 such Issuing Bank and the Revolving Facility Lenders with respect to any such L/C Disbursement.

Appears in 2 contracts

Samples: Credit Agreement (Norwegian Cruise Line Holdings Ltd.), Intercreditor Agreement (Norwegian Cruise Line Holdings Ltd.)

Disbursement Procedures. The applicable Issuing Bank shall, promptly following its receipt thereof, examine all documents purporting to represent a demand for payment under a Letter of Credit. Such The Issuing Bank shall promptly notify give written notice to the Administrative Agent and the Borrower by telephone (confirmed by electronic means) of any such demand for payment under a Letter of Credit and whether such the Issuing Bank 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 Reimbursement Obligation to reimburse such the Issuing Bank and the Revolving Facility Credit Lenders with respect to any such L/C DisbursementDisbursement (other than with respect to the timing of such Reimbursement Obligation set forth in Section 2.22(e)).

Appears in 2 contracts

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

Disbursement Procedures. The applicable Issuing Bank shallwill, promptly following its receipt thereof, examine all documents purporting to represent a demand for payment under a Letter of Credit. Such Issuing Bank shall will promptly notify the Administrative Agent and the Borrower Representative by telephone (confirmed by electronic meansfacsimile or e-mail) of any such demand for payment under a Letter of Credit and whether such Issuing Bank has made or will make an L/C Disbursement thereunder; provided, provided that any failure to give or delay in giving such notice shall will not relieve the Borrower applicable Borrowers of its obligation their obligations to reimburse such Issuing Bank and and/or the Revolving Facility Lenders with respect to any such L/C DisbursementDisbursement (following receipt of notice from the Issuing Bank).

Appears in 2 contracts

Samples: Second Amended And (Ulta Beauty, Inc.), Loan Agreement (Ulta Beauty, Inc.)

Disbursement Procedures. The applicable Each Issuing Bank shall, promptly following its receipt thereof, examine all documents purporting to represent a demand for payment under a Letter of Creditpayment. Such Issuing Bank shall promptly notify the Administrative Agent and the applicable Borrower by telephone (confirmed by electronic meanstelecopy) of any such demand for payment under a Letter of Credit and whether such Issuing Bank has made or will make an a 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 such Issuing Bank and the Revolving Facility Lenders or Synthetic L/C Lenders, as applicable, with respect to any such L/C Disbursement.

Appears in 2 contracts

Samples: Credit Agreement (Momentive Performance Materials Inc.), Credit Agreement (MPM Silicones, LLC)

Disbursement Procedures. The applicable Issuing Bank shall, promptly following its receipt thereof, examine all documents purporting to represent a demand for payment under a Letter of Credit. Such Issuing Bank shall promptly notify the Administrative Agent Agent, the Borrower and the Borrower Applicant Party (if other than the Borrower) by telephone (confirmed by electronic meanstelecopy) of any such demand for payment under a Letter of Credit and whether such Issuing Bank has made or will make an a L/C Disbursement thereunder; provided, provided that any failure to give or delay in giving such notice shall not relieve the Borrower of its obligation to reimburse such Issuing Bank and the New Revolving Facility Lenders with respect to any such L/C Disbursement.

Appears in 2 contracts

Samples: Credit Agreement (Foundation Coal Holdings, Inc.), Credit Agreement (Foundation Coal Holdings, Inc.)

Disbursement Procedures. The applicable Issuing Bank shall, promptly following its receipt thereof, examine all documents purporting to represent a demand for payment under a Letter of Credit. Such Issuing Bank shall promptly notify the Administrative Agent and the applicable Borrower by telephone (confirmed by electronic meanstelecopy) of any such demand for payment under a Letter of Credit and whether such Issuing Bank has made or will make an a 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 such Issuing Bank and the Revolving Facility Lenders with respect to any such L/C Disbursement.

Appears in 2 contracts

Samples: Credit Agreement (RBS Global Inc), Credit Agreement (Rexnord Corp)

Disbursement Procedures. The applicable Issuing Bank for any Letter of Credit shall, promptly 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 a such Letter of Credit. Such Issuing Bank shall promptly after such examination notify the Administrative Agent and the Borrower by telephone (confirmed by electronic means) in writing of any such demand for payment under a Letter of Credit and whether if such Issuing Bank 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 Borrower of its obligation to reimburse such Issuing Bank and the Revolving Facility Lenders with respect to any such L/C Disbursement.

Appears in 2 contracts

Samples: Credit Agreement (SWK Holdings Corp), Credit Agreement (SWK Holdings Corp)

Disbursement Procedures. The applicable relevant Issuing Bank shall, promptly following its receipt thereof, examine all documents purporting to represent a demand for payment under a Letter of Credit. Such The relevant Issuing Bank shall promptly notify the Administrative Agent and the Borrower by telephone (confirmed by telecopy or transmission by electronic meanscommunication in accordance with Section 9.01(b)) of any such demand for payment under a Letter of Credit and whether such Issuing Bank has made or will make an L/C Disbursement fund a drawing thereunder; provided, provided that any failure to give or delay in giving such notice shall not relieve the Borrower of its obligation to reimburse such the relevant Issuing Bank and the Revolving Facility Lenders with respect to any such L/C Disbursementdrawing (other than with respect to the timing of such reimbursement obligation set forth in clause (e) of this Section).

Appears in 2 contracts

Samples: Credit and Guaranty Agreement (Aeroflex Holding Corp.), Credit and Guaranty Agreement (Aeroflex Holding Corp.)

Disbursement Procedures. The applicable Issuing Bank shallwill, promptly following its receipt thereof, examine all documents purporting to represent a demand for payment under a Letter of Credit. Such Issuing Bank shall will promptly notify the Administrative Agent and the Borrower by telephone (confirmed by electronic meansfacsimile or e-mail) of any such demand for payment under a Letter of Credit and whether such Issuing Bank has made or will make an L/C Disbursement thereunder; provided, provided that any failure to give or delay in giving such notice shall will not relieve the Borrower Parties of its obligation their obligations to reimburse such Issuing Bank and and/or the Revolving Facility Lenders with respect to any such L/C Disbursement.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Neiman Marcus Group LTD LLC), Credit Agreement (Neiman Marcus Group LTD Inc.)

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Disbursement Procedures. The applicable Issuing Bank shall, promptly following its receipt thereof, examine all documents purporting to represent a demand for payment under a Letter of Credit. Such Issuing Bank shall promptly notify the Administrative Agent and the Borrower by telephone (confirmed by electronic meanstelecopy) of any such demand for payment under a Letter of Credit and whether such Issuing Bank 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 such Issuing Bank and the Revolving Facility Lenders with respect to any such L/C Disbursement.

Appears in 1 contract

Samples: Credit Agreement (Noranda Aluminum Acquisition CORP)

Disbursement Procedures. The applicable Issuing Bank shall, promptly following its receipt thereof, examine all documents purporting to represent a demand for payment under a Letter of Credit. Such The Issuing Bank shall as promptly notify as possible give telephonic notification, confirmed in writing (including by electronic communication), to the Administrative Agent and the Borrower by telephone (confirmed by electronic means) of any such demand for payment under a Letter of Credit and whether such the Issuing Bank 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 Borrower of its obligation to reimburse such the Issuing Bank and the applicable Revolving Facility Lenders with respect to any such L/C Disbursement.. The Administrative Agent shall promptly give each Revolving Lender notice thereof. 108

Appears in 1 contract

Samples: Credit Agreement (NRG Energy, Inc.)

Disbursement Procedures. The applicable Each Issuing Bank shall, promptly following its receipt thereof, examine all documents purporting to represent a demand for payment under a Letter of Credit. Such Each Issuing Bank shall promptly notify the First Lien Administrative Agent and the Borrower in writing (delivered by telephone (confirmed by hand delivery, facsimile or other electronic meanstransmission) of any such demand for payment under a Letter of Credit and whether such Issuing Bank has made or will make an L/C LC Disbursement thereunder; provided, provided that any failure to give or delay in giving such notice shall not relieve the Borrower of its obligation to reimburse such Issuing Bank and the Revolving Facility Lenders with respect to any such L/C DisbursementLC Disbursement in accordance with paragraph (f) of this Section 2.05.

Appears in 1 contract

Samples: First Lien Credit Agreement (Brigham Minerals, Inc.)

Disbursement Procedures. The applicable Issuing Bank shall, promptly following its receipt thereof, examine all documents purporting to represent a demand for payment under a Letter of Credit. Such Issuing Bank shall promptly notify the Revolving Administrative Agent and the Relevant Borrower by telephone (confirmed by electronic meanstelecopy) of any such demand for payment under a Letter of Credit and whether such Issuing Bank 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 and the Revolving Facility Lenders of its obligation their obligations to reimburse such Issuing Bank and the Revolving Facility Lenders with respect to any such L/C Disbursement.

Appears in 1 contract

Samples: Credit Agreement (Dresser Inc)

Disbursement Procedures. The applicable Issuing Bank shall, promptly following its receipt thereof, examine all documents purporting to represent a demand for payment under a Letter of Credit. Such The Issuing Bank shall promptly notify the Administrative Agent and the applicable Borrower or Subsidiary by telephone (confirmed by electronic meansfacsimile) of any such demand for payment under a Letter of Credit and whether such the Issuing Bank 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 such Borrower or Subsidiary of its obligation to reimburse such the Issuing Bank and the Revolving Facility Lenders with respect to any such L/C DisbursementDisbursement in accordance with Section 2.05(e).

Appears in 1 contract

Samples: Credit Agreement (Indalex Holdings Finance Inc)

Disbursement Procedures. The applicable Issuing Bank shall, promptly following its receipt thereof, examine all documents purporting to represent a demand for payment under a Letter of Credit. Such The Issuing Bank shall as promptly notify as possible give telephonic notification, confirmed by fax, to the Administrative Agent and the Revolving Borrower by telephone (confirmed by electronic means) of any such demand for payment under a Letter of Credit and whether such the Issuing Bank 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 Revolving Borrower of its obligation to reimburse such the Issuing Bank and the Revolving Facility applicable Lenders with respect to any such L/C Disbursement. The Administrative Agent shall promptly give each Revolving Credit Lender notice thereof.

Appears in 1 contract

Samples: Credit Agreement (Angiotech Pharmaceuticals Inc)

Disbursement Procedures. The applicable Applicable Issuing Bank shall, promptly following its receipt thereof, examine all documents purporting to represent a demand for payment under a Letter of Credit. Such The Applicable Issuing Bank shall promptly notify the Administrative Agent and the Borrower by telephone (confirmed by electronic meansfacsimile) of any such demand for payment under a Letter of Credit and whether such the Applicable Issuing Bank has made or will make an L/C LC Disbursement thereunder; provided, provided that any failure to give or delay in giving such notice shall not relieve the Borrower of its obligation to reimburse such the Applicable Issuing Bank and the Revolving Facility Lenders with respect to any such L/C LC Disbursement.

Appears in 1 contract

Samples: Revolving Loan Credit Agreement (CDW Corp)

Disbursement Procedures. The applicable Issuing Bank shall, promptly following its receipt thereof, examine all documents purporting to represent a demand for payment under a Letter of Credit. Such The applicable Issuing Bank shall promptly notify the Administrative Agent and the Borrower Borrowers by telephone (confirmed by electronic meansfacsimile) of any such demand for payment under a Letter of Credit and whether such the applicable Issuing Bank 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 Borrower Borrowers of its Borrowers’ obligation to reimburse such the Applicable Issuing Bank and the Revolving Facility Lenders with respect to any such L/C Disbursement.

Appears in 1 contract

Samples: Credit Agreement (Xerox Corp)

Disbursement Procedures. The applicable Issuing Bank shall, promptly following its receipt thereof, examine all documents purporting to represent a demand for payment under a Letter of Credit. Such Issuing Bank shall promptly notify the Administrative Agent and the Borrower by telephone (confirmed by electronic means) of any such demand for payment under a Letter of Credit and whether such Issuing Bank has made or will make an a 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 such Issuing Bank and and/or the Revolving Facility Lenders with respect to any such L/C Disbursement.

Appears in 1 contract

Samples: Asset Based Revolving Credit Agreement (DS Services of America, Inc.)

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

Appears in 1 contract

Samples: Credit Agreement (Amerisourcebergen Corp)

Disbursement Procedures. The applicable Issuing Bank shall, promptly following its receipt thereof, examine all documents purporting to represent a demand for payment under a Letter of Credit. Such Issuing Bank shall promptly notify the Administrative Agent and the Borrower by telephone (confirmed by electronic means) of any such demand for payment under a Letter of Credit and whether such Issuing Bank 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 obligations to reimburse such Issuing Bank and the Revolving Facility Lenders with respect to any such L/C Disbursement.. 84 84

Appears in 1 contract

Samples: Credit Agreement (Cabot Microelectronics Corp)

Disbursement Procedures. The applicable An Issuing Bank shall, promptly following its receipt thereof, examine all documents purporting to represent a demand for payment under a Letter of CreditCredit issued by it. Such Issuing Bank shall as promptly notify as possible give telephonic notification, confirmed by telecopy, to the Administrative Agent and the relevant Borrower by telephone (confirmed by electronic means) of any such demand for payment under a Letter of Credit and whether such the Issuing Bank has made or will make an L/C Disbursement thereunder; provided, however, that any failure to give or delay in giving such notice shall not relieve the such Borrower of its obligation to reimburse such Issuing Bank and the Revolving Facility relevant Lenders with respect to any such L/C DisbursementDisbursement pursuant to Section 2.18(e). The Administrative Agent shall promptly give notice thereof to each Lender with a participation in such Letter of Credit.

Appears in 1 contract

Samples: And Consolidated Credit Agreement (Fm Properties Inc)

Disbursement Procedures. The applicable Issuing Bank shall, promptly following its receipt thereof, examine all documents purporting to represent a demand for payment under a Letter of Credit. Such The Issuing Bank shall as promptly notify as possible give telephonic notification, confirmed by fax, to the Applicable Administrative Agent and the applicable Borrower by telephone (confirmed by electronic means) of any such demand for payment under a Letter of Credit and whether such the Issuing Bank has made or will make an L/C Disbursement thereunder; provided, however, that any failure to give or delay in giving such notice shall not relieve the such Borrower of its obligation to reimburse such the Issuing Bank and the applicable Revolving Facility Lenders with respect to any such L/C Disbursement. The Applicable Administrative Agent shall promptly give each applicable Revolving Lender notice thereof.

Appears in 1 contract

Samples: Credit Agreement (Sensus Metering Systems Inc)

Disbursement Procedures. The applicable Issuing Bank shall, promptly following its receipt thereof, examine all documents purporting to represent a demand for payment under a Letter of Credit. Such Issuing Bank shall promptly notify the PR Administrative Agent and the Borrower by telephone (confirmed by electronic means) of any such demand for payment under a Letter of Credit and whether such Issuing Bank 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 obligations to reimburse such Issuing Bank and the Revolving Facility Lenders with respect to any such L/C Disbursement.

Appears in 1 contract

Samples: Credit Agreement (Herman Miller Inc)

Disbursement Procedures. The applicable Issuing Bank for any Letter of Credit shall, promptly 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 a such Letter of Credit. Such Issuing Bank shall promptly after such examination notify the Administrative Agent and the Borrower by telephone (confirmed by electronic means) in writing of any such demand for payment under a Letter of Credit and whether if such Issuing Bank 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 Borrower of its obligation to reimburse such Issuing Bank and the Revolving Facility Credit Lenders with respect to any such L/C Disbursement.

Appears in 1 contract

Samples: Credit Agreement (Perella Weinberg Partners)

Disbursement Procedures. The applicable Issuing Bank for any Letter of Credit shall, promptly 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 a such Letter of Credit. Such Issuing Bank shall promptly after such examination notify the Administrative Agent and the Borrower by telephone (confirmed by electronic means) in writing of any such demand for payment under a Letter of Credit and whether if such Issuing Bank 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 Borrower of its obligation to reimburse such Issuing Bank and the Revolving Facility Credit Lenders with respect to any such L/C Disbursement.. (i)

Appears in 1 contract

Samples: Credit Agreement (Perella Weinberg Partners)

Disbursement Procedures. The applicable Issuing Bank shall, promptly following its receipt thereof, examine all documents purporting to represent a demand for payment under a Letter of Credit. Such Issuing Bank shall promptly notify the Administrative Agent and the Borrower by telephone (confirmed by electronic meanstelecopy) of any such demand for payment under a Letter of Credit and whether such Issuing Bank has made or will make an a L/C Disbursement thereunder; providedprovided , that any failure to give or delay in giving such notice shall not relieve the Borrower of its obligation to reimburse such Issuing Bank and the Revolving Facility Lenders or Synthetic L/C Lenders, as applicable, with respect to any such L/C Disbursement.

Appears in 1 contract

Samples: Credit Agreement (Realogy Holdings Corp.)

Disbursement Procedures. The applicable Issuing Bank shall, promptly following its receipt thereof, examine all documents purporting to represent a demand for payment under a Letter of Credit. Such The Issuing Bank shall promptly notify the Administrative Agent and the applicable Borrower or Subsidiary by telephone (confirmed by electronic meansfacsimile) of any such demand for payment under a Letter of Credit and whether such the Issuing Bank 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 such Borrower or Subsidiary of its obligation to reimburse such the Issuing Bank and the Revolving Facility Lenders with respect to any such L/C DisbursementDisbursement in accordance with Section 2.05(e).

Appears in 1 contract

Samples: Credit Agreement (Indalex Holding Corp.)

Disbursement Procedures. The applicable Issuing Bank shall, promptly following its receipt thereof, examine all documents purporting to represent a demand for payment under a Letter of Credit. Such The Issuing Bank shall as promptly notify as possible give telephonic notification, confirmed by fax, to the Administrative Agent and the Borrower by telephone (confirmed by electronic means) of any such demand for payment under a Letter of Credit and whether such the Issuing Bank has made or will make an L/C Disbursement thereunder; provided, however, that any failure to give or delay in giving such notice shall not relieve the Borrower of its obligation to reimburse such the Issuing Bank and the Revolving Facility Credit Lenders with respect to any such L/C Disbursement. The Administrative Agent shall promptly give each Revolving Credit Lender notice thereof.

Appears in 1 contract

Samples: Credit Agreement (Cross Country Healthcare Inc)

Disbursement Procedures. The applicable Issuing Bank shall, promptly following its receipt thereof, examine all documents purporting to represent a demand for payment under a Letter of Credit. Such The Issuing Bank shall as promptly notify as possible give telephonic notification, confirmed by facsimile, to the Administrative Agent and the Borrower by telephone (confirmed by electronic means) of any such demand for payment under a Letter of Credit and whether such the Issuing Bank has made or will intends to make an L/C Disbursement thereunder; provided, provided that any failure to give or delay in giving such notice shall not relieve the Borrower of its obligation to reimburse such the Issuing Bank and the Revolving Facility Lenders with respect to any such L/C Disbursement. The Administrative Agent shall promptly give each Revolving Lender notice thereof.

Appears in 1 contract

Samples: Credit Agreement (King Pharmaceuticals Inc)

Disbursement Procedures. The applicable Issuing Bank shall, promptly following its receipt thereof, examine all documents purporting to represent a demand for payment under a Letter of Credit. Such Issuing Bank shall promptly notify the Administrative Agent and the Borrower by telephone (confirmed by facsimile or other electronic meanstransmission) of any such demand for payment under a Letter of Credit and whether such Issuing Bank 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 Borrower of its obligation to reimburse such Issuing Bank and the Revolving Facility Lenders with respect to any such L/C Disbursement.

Appears in 1 contract

Samples: Credit Agreement (REV Renewables, Inc.)

Disbursement Procedures. The applicable Issuing Bank shall, promptly following its receipt thereof, examine all documents purporting to represent a demand for payment under a Letter of Credit. Such Issuing Bank shall promptly notify the Administrative Agent and the Borrower by telephone (confirmed by electronic means) Representative in writing of any such demand for payment under a Letter of Credit and whether such Issuing Bank has made or will make an a L/C Disbursement thereunder; provided, provided that any failure to give or delay in giving such notice shall not relieve the applicable Borrower of its obligation to reimburse such Issuing Bank and the Revolving Facility Lenders with respect to any such L/C Disbursement.

Appears in 1 contract

Samples: Credit Agreement (Mariner, LLC)

Disbursement Procedures. The applicable Issuing Bank for any Letter of Credit shall, promptly 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 a such Letter of Credit. Such Issuing Bank shall promptly after such examination notify the Administrative Agent and the Borrower by telephone (confirmed by electronic means) in writing of any such demand for payment under a Letter of Credit and whether if such Issuing Bank 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 Borrower of its obligation to reimburse such Issuing Bank and and, where applicable, the Revolving Facility Lenders with respect to any such L/C Disbursement.

Appears in 1 contract

Samples: Credit Agreement (Atlas Corp.)

Disbursement Procedures. The applicable Each Issuing Bank shall, promptly following its receipt thereof, examine all documents purporting to represent a demand for payment under a Letter of Credit. Such Each Issuing Bank shall promptly notify the Administrative Revolving Agent and the Borrower by telephone (confirmed by electronic meanshand delivery, e-mail of a “pdf” or facsimile) of any such demand for payment under a Letter of Credit and whether such Issuing Bank has made or will make an L/C LC Disbursement thereunder; provided, provided that any failure to give or delay in giving such notice shall not relieve the Borrower of its obligation to reimburse such Issuing Bank and the Revolving Facility Lenders with respect to any such L/C DisbursementLC Disbursement in accordance with paragraph (f) of this Section.

Appears in 1 contract

Samples: Credit Agreement (Weight Watchers International Inc)

Disbursement Procedures. The applicable Issuing Bank shall, promptly following its receipt thereof, examine all documents purporting to represent a demand for payment under a Letter of Credit. Such Issuing Bank shall promptly notify the Administrative Agent and the Borrower by telephone electronically (confirmed by electronic meansin writing) of any such demand for payment under a Letter of Credit and whether such Issuing Bank 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 such Issuing Bank and the Revolving Facility Lenders with respect to any such L/C Disbursement.

Appears in 1 contract

Samples: Credit Agreement (Sun Country Airlines Holdings, Inc.)

Disbursement Procedures. The applicable Issuing Bank shall, promptly following its receipt thereof, examine all documents purporting to represent a demand for payment under a Letter of Credit. Such Issuing Bank shall promptly notify the Administrative Agent and the Borrower Company by telephone (confirmed by electronic means) of any such demand for payment under a Letter of Credit and whether such Issuing Bank has made or will make an a 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 their obligations to reimburse such Issuing Bank and the Revolving Facility Lenders with respect to any such L/C Disbursement.. 66

Appears in 1 contract

Samples: Credit Agreement (Norwegian Cruise Line Holdings Ltd.)

Disbursement Procedures. The applicable Issuing Bank shall, promptly following its receipt thereof, examine all documents purporting to represent a demand for payment under a Letter of Credit. Such Issuing Bank shall promptly notify the Administrative Agent and the applicable Borrower by telephone (confirmed by electronic means) of any such demand for payment under a Letter of Credit and whether such Issuing Bank has made or will make an a 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 such Issuing Bank and the Revolving Facility Lenders with respect to any such L/C Disbursement.

Appears in 1 contract

Samples: Credit Agreement (RBS Global Inc)

Disbursement Procedures. The applicable Issuing Bank shall, promptly following its receipt thereof, examine all documents purporting to represent a demand for payment under a Revolving Letter of Credit. Such Issuing Bank shall promptly notify the Administrative Agent and the Borrower by telephone (confirmed by telecopy or electronic meansmail) of any such demand for payment under a Letter of Credit and whether such Issuing Bank has made or will make an a Revolving L/C Disbursement thereunder; provided, provided that any failure to give or delay in giving such notice shall not relieve the Borrower of its obligation to reimburse such Issuing Bank and the Revolving Facility Lenders with respect to any such Revolving L/C Disbursement.

Appears in 1 contract

Samples: Credit Agreement (Aris Water Solutions, Inc.)

Disbursement Procedures. The applicable Issuing Bank shall, promptly following its receipt thereof, examine all documents purporting to represent a demand for payment under a Letter of Credit. Such Issuing Bank shall promptly notify the Administrative Agent and the Borrower Agent by telephone (confirmed by electronic means) of any such demand for payment under a Letter of Credit and whether such Issuing Bank 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 Agent of its obligation to reimburse such Issuing Bank and the Revolving Facility Lenders with respect to any such L/C Disbursement.

Appears in 1 contract

Samples: Credit Agreement (Dave & Buster's Entertainment, Inc.)

Disbursement Procedures. The applicable Issuing Bank shall, promptly following its receipt thereof, examine all documents purporting to represent a demand for payment under a Letter of Credit. Such Issuing Bank shall promptly notify the Administrative Agent and the Borrower by telephone (confirmed by electronic meanstelecopy) of any such demand for payment under a Letter of Credit and whether such Issuing Bank has made or will make an a 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 such Issuing Bank and the Revolving Facility Lenders with respect to any such L/C Disbursement.

Appears in 1 contract

Samples: Credit Agreement (Affinion Loyalty Group, Inc.)

Disbursement Procedures. The applicable Issuing Bank shall, promptly following its receipt thereof, examine all documents purporting to represent a demand for payment under a Revolving Letter of Credit. Such Issuing Bank shall promptly notify the Administrative Agent and the Borrower by telephone (confirmed by electronic meansfacsimile) of any such demand for payment under a Letter of Credit and whether such Issuing Bank has made or will make an a Revolving L/C Disbursement thereunder; provided, provided that any failure to give or delay in giving such notice shall not relieve the Borrower of its obligation to reimburse such Issuing Bank and the Revolving Facility Lenders with respect to any such Revolving L/C Disbursement.

Appears in 1 contract

Samples: Credit Agreement (SemGroup Corp)

Disbursement Procedures. The applicable Issuing Bank for any Letter of Credit shall, promptly 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 a such Letter of Credit. Such Issuing Bank shall promptly after such examination notify the Administrative Agent and the Borrower by telephone (confirmed by electronic means) Borrowers in writing of any such demand for payment under a Letter of Credit and whether if such Issuing Bank 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 Borrower Borrowers of its their obligation to reimburse such Issuing Bank and the Revolving Facility Lenders with respect to any such L/C Disbursement.

Appears in 1 contract

Samples: Loan Agreement (Aaon, Inc.)

Disbursement Procedures. The applicable Issuing Bank shall, promptly following its receipt thereof, examine all documents purporting to represent a demand for payment under a Letter of CreditCredit or Letter of Credit Participation Agreement. Such The Issuing Bank shall promptly notify the Administrative Agent and the Borrower by telephone (confirmed by electronic meanstelecopy) of any such demand for payment under a Letter of Credit and whether such the Issuing Bank 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 Borrower of its obligation obligations to reimburse such the Issuing Bank and the Revolving Facility Credit Lenders with respect to any such L/C Disbursement.

Appears in 1 contract

Samples: Intellectual Property Security Agreement (TLC Vision Corp)

Disbursement Procedures. The applicable Issuing Bank shall, promptly following its receipt thereof, examine all documents purporting to represent a demand for payment under a Letter of Credit. Such Issuing Bank shall promptly notify the Administrative Agent and the Borrower by telephone (confirmed by electronic meanstelecopy) of any such demand for payment under a Letter of Credit and whether such Issuing Bank 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 such Issuing Bank and and/or the Tranche B Revolving Facility Lenders with respect to any such L/C Disbursement.

Appears in 1 contract

Samples: Credit Agreement (Claires Stores Inc)

Disbursement Procedures. The applicable Issuing Bank shall, promptly following its receipt thereof, examine all documents purporting to represent a demand for payment under a Letter of Credit. Such The Issuing Bank shall promptly notify the Revolving Credit Administrative Agent and the Borrower by telephone (confirmed by electronic meanstelecopy) of any such demand for payment under a Letter of Credit and whether such the Issuing Bank 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 Borrower of its obligation to reimburse such the Issuing Bank and the Revolving Facility Credit Lenders with respect to any such L/C DisbursementDisbursement in accordance with Section 2.05(e) after receipt of the notice from the Issuing Bank contemplated thereby.

Appears in 1 contract

Samples: Credit Agreement (Medco Health Solutions Inc)

Disbursement Procedures. The applicable TheEach Issuing Bank shall, promptly following its receipt thereof, examine all documents purporting to represent a demand for payment under a Letter of Credit. Such TheEach Issuing Bank shall promptly notify the Administrative Agent and the Borrower by telephone (confirmed by electronic meansfax or through Electronic Systems) of any such demand for payment under a Letter of Credit and whether such thesuch Issuing Bank has made or will make an L/C LC Disbursement thereunder; provided, provided that any failure to give or delay in giving such notice shall not relieve the Borrower of its obligation to reimburse such thesuch Issuing Bank and the Revolving Facility Lenders with respect to any such L/C LC Disbursement.. (h)

Appears in 1 contract

Samples: Credit Agreement (Clear Secure, Inc.)

Disbursement Procedures. The applicable Issuing Bank shallwill, promptly following its receipt thereof, examine all documents purporting to represent a demand for payment under a Letter of Credit. Such Issuing Bank shall will promptly notify the Administrative Agent and the Borrower Representative by telephone (confirmed by electronic meansfacsimile or e-mail) of any such demand for payment under a Letter of Credit and whether such Issuing Bank has made or will make an L/C Disbursement thereunder; provided, provided that any failure to give or delay in giving such notice shall will not relieve the Borrower applicable Borrowers of its obligation their obligations to reimburse such Issuing Bank and and/or the Revolving Facility Lenders with respect to any such L/C Disbursement.Disbursement (following receipt of notice from the Issuing Bank). ​

Appears in 1 contract

Samples: Loan Agreement (Ulta Beauty, Inc.)

Disbursement Procedures. The applicable Issuing Bank shall, promptly following its receipt thereof, examine all documents purporting to represent a demand for payment under a Letter of Credit. Such Issuing Bank shall promptly notify the Administrative Agent and the applicable Borrower (or Borrower Agent) by telephone (confirmed by electronic meansfacsimile or otherwise as Borrower Agent and Issuing Bank may agree) of any such demand for payment under a Letter of Credit and whether such Issuing Bank has made or will make an L/C Disbursement thereunderany payment in respect thereof; provided, that that, any failure to give or delay in giving such notice shall not relieve the applicable Borrower of its obligation to reimburse such Issuing Bank and the Revolving Facility Lenders with respect to any such L/C Disbursementpayment.

Appears in 1 contract

Samples: Loan and Security Agreement (Santana Products Inc.)

Disbursement Procedures. The applicable Issuing Bank shall, promptly following its receipt thereof, examine all documents purporting to represent a demand for payment under a Letter of Credit. Such Issuing Bank shall promptly notify the Administrative Agent and the applicable Revolving Facility Borrower by telephone (confirmed by electronic means) of any such demand for payment under a Letter of Credit and whether such Issuing Bank 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 such Revolving Facility Borrower of its obligation to reimburse such Issuing Bank and the Revolving Facility Lenders with respect to any such L/C Disbursement.

Appears in 1 contract

Samples: Credit Agreement (Apollo Global Management LLC)

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