Common use of Disbursement Procedures Clause in Contracts

Disbursement Procedures. The Issuing Lender shall, promptly following its receipt thereof, examine all documents purporting to represent a demand for payment under a Letter of Credit. The Issuing Lender shall promptly notify the Administrative Agent and the Borrower by telephone (confirmed by telecopy) of such demand for payment and whether the Issuing Lender has made or will make an 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 the Issuing Lender and the Lenders with respect to any such LC Disbursement.

Appears in 21 contracts

Samples: Credit Agreement (Cardtronics Inc), Credit Agreement (Southern California Edison Co), Assignment and Assumption (Quanex Building Products CORP)

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Disbursement Procedures. The Each Issuing Lender shall, promptly following its receipt thereof, examine all documents purporting to represent a demand for payment under a Letter of Credit. The Each Issuing Lender shall promptly notify the Administrative Agent and the Borrower by telephone (confirmed by telecopyfacsimile) of such demand for payment and whether the such Issuing Lender has made or will make an 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 the such Issuing Lender and the Lenders with respect to any such LC Disbursement.

Appears in 18 contracts

Samples: Credit Agreement, Credit Agreement (Edison International), Credit Agreement

Disbursement Procedures. The Issuing Lender shall, promptly within a reasonable time following its receipt thereof, examine all documents purporting to represent a demand for payment under a Letter of Credit. The Issuing Lender shall promptly after such examination notify the Administrative Agent and the Borrower by telephone (confirmed by telecopy) of such demand for payment and whether the Issuing Lender has made or will make an 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 the Issuing Lender and the Lenders with respect to any such LC Disbursement.

Appears in 15 contracts

Samples: Joint Venture Agreement (Nextel Partners Inc), Credit Agreement (Griffon Corp), Security Agreement (Sinclair Broadcast Group Inc)

Disbursement Procedures. The Issuing Lender shall, promptly within a reasonable time following its receipt thereof, examine all documents purporting to represent a demand for payment under a Letter of Credit. The Issuing Lender shall promptly after such examination notify the Administrative Agent and the Borrower by telephone (confirmed by telecopy) of such demand for payment and whether the Issuing Lender has made or will make an 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 the Issuing Lender and the Revolving Lenders with respect to any such LC Disbursement.

Appears in 15 contracts

Samples: Credit Agreement (Sinclair Broadcast Group Inc), Credit Agreement (Sinclair Broadcast Group Inc), Third Amendment (Sinclair Broadcast Group Inc)

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

Appears in 13 contracts

Samples: Lease Agreement (Lbi Media Holdings Inc), Credit Agreement (Affinity Group Holding, Inc.), Credit Agreement (Affinity Group Inc)

Disbursement Procedures. The Issuing Lender for any Letter of Credit shall, promptly within a reasonable time following its receipt thereof, examine all documents purporting to represent a demand for payment under a such Letter of Credit. The Such Issuing Lender shall promptly after such examination notify the Administrative Agent and the Borrower by telephone (confirmed by telecopy) of such demand for payment and whether the such Issuing Lender has made or will make an 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 the such Issuing Lender and the Lenders with respect to any such LC Disbursement.

Appears in 11 contracts

Samples: Credit Agreement (Pacificare Health Systems Inc /De/), Credit Agreement (Constellation Brands, Inc.), Credit Agreement (Constellation Brands, Inc.)

Disbursement Procedures. The Issuing Lender shall, promptly following its receipt thereof, examine all documents purporting to represent a demand for payment under a Letter of Credit. The Issuing Lender shall promptly notify the Administrative Agent and the Borrower by telephone (confirmed by telecopy) of such demand for payment and whether the Issuing Lender has made or will make an 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 the Issuing Lender and the Lenders with respect to any such LC Disbursement.

Appears in 11 contracts

Samples: Revolving Credit and Guaranty Agreement (Tower International, Inc.), Revolving Credit and Guaranty Agreement (Tower International, Inc.), Abl Credit Agreement (Kindred Healthcare, Inc)

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

Appears in 10 contracts

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

Disbursement Procedures. The Issuing Lender shall, promptly following its receipt thereof, examine all documents purporting to represent a demand for payment under a Letter of Credit. The Issuing Lender shall promptly notify the Administrative Agent and the Borrower by telephone (confirmed by telecopy) of such demand for payment and whether the Issuing Lender has made or will make an 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 the Issuing Lender and the Tranche A Lenders with respect to any such LC Disbursement.

Appears in 8 contracts

Samples: Loan and Guaranty Agreement (Delphi Corp), Loan and Guaranty Agreement (Delphi Corp), Loan and Guaranty Agreement (Delphi Corp)

Disbursement Procedures. The Issuing Lender shall, promptly following its receipt thereof, examine all documents purporting to represent a demand for payment under a Letter of Credit. The Issuing Lender shall promptly notify the Administrative Agent and the Borrower Company by telephone (confirmed by telecopy) of such demand for payment and whether the Issuing Lender has made or will make an LC 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 Issuing Lender and the Lenders with respect to any such LC Disbursement.

Appears in 5 contracts

Samples: Credit Agreement (Cox Radio Inc), Credit Agreement (Medical Action Industries Inc), Credit Agreement (Medical Action Industries Inc)

Disbursement Procedures. The Issuing Lender shall, promptly following its receipt thereof, examine all documents purporting to represent a demand for payment under a Letter of Credit. The Issuing Lender shall promptly notify the Administrative Paying Agent and the Borrower by telephone (confirmed by telecopy) of such demand for payment and whether the Issuing Lender has made or will make an 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 the Issuing Lender and the Lenders with respect to any such LC Disbursement.

Appears in 4 contracts

Samples: Five Year Credit Agreement (Genworth Financial Inc), Five Year Credit Agreement (Genworth Financial Inc), Year Credit Agreement (Genworth Financial Inc)

Disbursement Procedures. The Issuing Lender shall, promptly within a reasonable time following its receipt thereof, examine all documents purporting to represent a demand for payment under a Participated Letter of Credit. The Issuing Lender shall promptly after such examination notify the Administrative Agent and the Borrower XL Capital by telephone (confirmed by telecopy) of such demand for payment and whether the Issuing Lender has made or will make an a LC Disbursement thereunder; provided PROVIDED that any failure to give or delay in giving such notice shall not relieve the Borrower Account Parties of its their obligation to reimburse the Issuing Lender and the Lenders with respect to any such LC Disbursement.

Appears in 4 contracts

Samples: Credit Agreement (Xl Capital LTD), Day Credit Agreement (Xl Capital LTD), Credit and Reimbursement Agreement (Xl Capital LTD)

Disbursement Procedures. The Issuing Lender shall, promptly following its receipt thereof, examine all documents purporting to represent a demand for payment under a Letter of Credit. The Issuing Lender shall promptly notify the Administrative Agent and the Borrower by telephone (confirmed by telecopy) of such demand for payment and whether the Issuing Lender has made or will make an 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 the Issuing Lender and the Tranche A Lenders with respect to any such LC Disbursement.

Appears in 4 contracts

Samples: Loan and Guaranty Agreement, Loan and Guaranty Agreement (Collins & Aikman Corp), And Guaranty Agreement (Tower Automotive Inc)

Disbursement Procedures. The Issuing Lender shall, promptly following its receipt thereof, examine all documents purporting to represent a demand for payment under a Letter of Credit. The Issuing Lender shall promptly notify the Administrative Agent and the Borrower by telephone (confirmed by telecopy) of such demand for payment and whether the Issuing Lender has made or will make an 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 the Issuing Lender and the Alternative Currency Revolving Lenders with respect to any such LC Disbursement.

Appears in 4 contracts

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

Disbursement Procedures. The Each Issuing Lender shall, promptly following its receipt thereof, examine all documents purporting to represent a demand for payment under a Letter of Credit. The applicable Issuing Lender shall promptly notify the Administrative Agent and the Borrower Company by telephone (confirmed by telecopy) of such demand for payment and whether the such Issuing Lender has made or will make an LC 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 applicable Issuing Lender and the Lenders with respect to any such LC Disbursement.

Appears in 3 contracts

Samples: Credit Agreement (Cox Radio Inc), Credit Agreement (Cox Enterprises Inc Et Al), Credit Agreement (Cox Communications Inc /De/)

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

Appears in 3 contracts

Samples: Credit Agreement (Davita Inc), Credit Agreement (Davita Inc), Credit Agreement (Blueknight Energy Partners, L.P.)

Disbursement Procedures. The Issuing Lender shall, promptly within a reasonable time following its receipt thereof, examine all documents purporting to represent a demand for payment under a Participated Letter of Credit. The Issuing Lender shall promptly after such examination notify the Administrative Agent and the Borrower Company with respect to such Letter of Credit by telephone (confirmed by telecopytelecopy or email) of such demand for payment and whether the Issuing Lender has made or will make an LC 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 Issuing Lender and the Lenders with respect to any such LC Disbursement.

Appears in 3 contracts

Samples: Credit Agreement (Xl Group PLC), Credit Agreement (Xl Group PLC), Credit Agreement (Xl Group PLC)

Disbursement Procedures. The Issuing Lender shall, promptly following its receipt thereof, examine all documents purporting to represent a demand for payment under a Letter of Credit. The Issuing Lender shall promptly notify the Administrative Agent and the Borrower by telephone (confirmed by telecopytelecopy promptly thereafter) of such demand for payment and whether the Issuing Lender has made or will make an 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 the Issuing Lender and the Revolving Lenders with respect to any such LC Disbursement.

Appears in 3 contracts

Samples: Collateral Agreement (SPX Corp), Reimbursement Agreement (SPX Corp), SPX Corp

Disbursement Procedures. The Issuing Lender shall, promptly following its receipt thereof, examine all documents purporting to represent a demand for payment under a Letter of Credit. The Issuing Lender shall promptly notify the Administrative Agent and the Borrower by telephone (confirmed by telecopy) of such demand for payment and whether the Issuing Lender has made or will make an 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 the Issuing Lender and the Lenders Applicable Participants with respect to any such LC Disbursement.

Appears in 3 contracts

Samples: Credit Agreement (Davita Healthcare Partners Inc.), Credit Agreement (Davita Inc.), Credit Agreement (Davita Inc.)

Disbursement Procedures. The Issuing Lender shall, promptly within a reasonable time following its receipt thereof, examine all documents purporting to represent a demand for payment under a Letter of Credit. The Issuing Lender shall promptly after such examination notify the Administrative Agent and the Borrower by telephone (confirmed by telecopyfacsimile) of such demand for payment and whether the Issuing Lender has made or will make an 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 the Issuing Lender and the Lenders with respect to any such LC Disbursement.

Appears in 3 contracts

Samples: Credit Agreement (Macerich Co), Credit Agreement (Macerich Co), Credit Agreement (Macerich Co)

Disbursement Procedures. The relevant Issuing Lender shall, promptly within a reasonable time following its receipt thereof, examine all documents purporting to represent a demand for payment under a Letter of Credit. The Such Issuing Lender shall promptly after such examination notify the Administrative Agent and the Borrower Borrowers by telephone (confirmed by telecopy) of such demand for payment and whether the such Issuing Lender has made or will make an LC 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 Issuing Lender and the Lenders with respect to any such LC Disbursement.

Appears in 3 contracts

Samples: Five Year Credit Agreement (PPG Industries Inc), Credit Agreement (PPG Industries Inc), Credit Agreement (PPG Industries Inc)

Disbursement Procedures. The relevant Issuing Lender shall, promptly following its receipt thereof, examine all documents purporting to represent a demand for payment under a Letter of CreditCredit issued by such Issuing Lender. The relevant Issuing Lender shall promptly notify the Administrative Agent and the relevant Borrower by telephone (confirmed by telecopy) of such demand for payment and whether the such Issuing Lender has made or will make an LC 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 the such Issuing Lender and the Lenders with respect to any such LC Disbursement.

Appears in 2 contracts

Samples: Credit Agreement (NYSE Euronext), Credit Agreement (NYSE Euronext)

Disbursement Procedures. The Each Issuing Lender shall, promptly within a reasonable time following its receipt thereof, examine all documents purporting to represent a demand for payment under a Letter of Credit. The Each Issuing Lender shall promptly after such examination notify the Administrative Agent and the Borrower by telephone (confirmed by telecopy) of such demand for payment and whether the such Issuing Lender has made or will make an 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 the such Issuing Lender and the Revolving Lenders with respect to any such LC Disbursement.

Appears in 2 contracts

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

Disbursement Procedures. The Issuing Lender shall, promptly following its receipt thereof, examine all documents purporting to represent a demand for payment under a Letter of Credit. The Issuing Lender shall promptly notify the Administrative Agent and the Borrower Borrowers by telephone (confirmed by telecopy) of such demand for payment and whether the Issuing Lender has made or will make an LC 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 Issuing Lender and the Lenders with respect to any such LC Disbursement.

Appears in 2 contracts

Samples: Guaranty and Collateral Agreement (Hornbeck Offshore Services Inc /La), Credit Agreement (Hornbeck Offshore Services Inc /La)

Disbursement Procedures. The Each Issuing Lender shall, promptly within a reasonable time following its receipt thereof, examine all documents purporting to represent a demand for payment under a Letter of Credit. The Each Issuing Lender shall promptly after such examination notify the Administrative Agent and the Borrower by telephone (confirmed by telecopy) of such demand for payment and whether the such Issuing Lender has made or will make an 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 the such Issuing Lender and the Revolver Lenders with respect to any such LC Disbursement.

Appears in 2 contracts

Samples: Credit Agreement (Midwest Generation LLC), Credit Agreement (Midwest Generation LLC)

Disbursement Procedures. The applicable Issuing Lender shall, promptly following its receipt thereof, examine all documents purporting to represent a demand for payment under a Letter of Credit. The applicable Issuing Lender shall promptly notify the Administrative Agent and the Borrower by telephone (confirmed by telecopy) of such demand for payment and whether the applicable Issuing Lender has made or will make an 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 the applicable Issuing Lender and the Revolving Lenders with respect to any such LC DisbursementDisbursement in accordance with the terms herein.

Appears in 2 contracts

Samples: Security Agreement (Delta Air Lines Inc /De/), Security Agreement (Delta Air Lines Inc /De/)

Disbursement Procedures. The Issuing Lender shall, promptly following its receipt thereof, examine all documents purporting to represent a demand for payment under a Letter of Credit. The Issuing Lender shall promptly notify the Administrative Paying Agent and the Borrower by telephone (confirmed by telecopy) of such demand for payment and whether the Issuing Lender has made or will make an 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 the Issuing Lender and the Tranche A Lenders with respect to any such LC DisbursementDisbursement in accordance with the terms herein.

Appears in 2 contracts

Samples: Loan and Guaranty Agreement (Ual Corp /De/), Loan and Guaranty Agreement (Ual Corp /De/)

Disbursement Procedures. The Each Issuing Lender shall, promptly following after its receipt thereof, examine all documents purporting to represent a demand for payment under a Letter of CreditCredit issued by it. The Each Issuing Lender shall promptly notify the applicable Administrative Agent and the applicable Borrower by telephone (confirmed by telecopy) of such demand for payment and whether the such Issuing Lender has made or will make an LC Disbursement thereunderpursuant thereto; provided that any failure to give or delay in giving such notice shall will not relieve the applicable Borrower of its obligation to reimburse the such Issuing Lender and the Lenders with respect to any such LC Disbursement.

Appears in 2 contracts

Samples: Credit Agreement (Ryerson Tull Inc /De/), Credit Agreement (Ryerson Inc.)

Disbursement Procedures. The Issuing Lender shall, promptly within a reasonable time following its receipt thereof, examine all documents purporting to represent a demand for payment under a Participated Letter of Credit. The Issuing Lender shall promptly after such examination notify the Administrative Agent and the Borrower XL Capital by telephone (confirmed by telecopy) of such demand for payment and whether the Issuing Lender has made or will make an a LC Disbursement thereunder; provided that any failure to give or delay in giving such notice shall not relieve the Borrower Account Parties of its their obligation to reimburse the Issuing Lender and the Lenders with respect to any such LC Disbursement.

Appears in 2 contracts

Samples: 364 Day Credit Agreement (Xl Capital LTD), Credit Agreement (Xl Capital LTD)

Disbursement Procedures. The Issuing Lender shall, promptly within a reasonable time following its receipt thereof, examine all documents purporting to represent a demand for payment under a the Letter of Credit. The Issuing Lender shall promptly after such examination notify the Administrative Agent and the Borrower Borrowers by telephone (confirmed by telecopy) of such demand for payment and whether the Issuing Lender has made or will make an LC 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 Issuing Lender and the Lenders with respect to any such LC Disbursement.

Appears in 2 contracts

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

Disbursement Procedures. The Issuing Lender shall, promptly following its receipt thereof, examine all documents purporting to represent a demand for payment under a Letter of Credit. The Issuing Lender shall promptly notify the Administrative Agent and the Borrower by telephone (confirmed by telecopy) of such demand for payment and whether the Issuing Lender has made or will make an 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 the Issuing Lender and the Lenders with respect to any such LC Disbursement.

Appears in 1 contract

Samples: Credit Agreement (Jones Lang LaSalle Income Property Trust, Inc.)

Disbursement Procedures. The Issuing Lender shall, promptly following its receipt thereof, examine all documents purporting to represent a demand for payment under a Letter of Credit. The Issuing Lender shall promptly notify the Administrative Agent and the Borrower for whose account such Letter of Credit was issued by telephone (confirmed by telecopy) of such demand for payment and whether the Issuing Lender has made or will make an LC 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 Issuing Lender and the Lenders with respect to any such LC Disbursement.

Appears in 1 contract

Samples: Credit Agreement (Ion Geophysical Corp)

Disbursement Procedures. The Issuing Lender for any Letter of Credit shall, promptly within a reasonable time following its receipt thereof, examine all documents purporting to represent a demand for payment under a such Letter of Credit. The Such Issuing Lender shall promptly after such examination notify the Administrative Agent and the relevant Borrower by telephone (confirmed by telecopy) of such demand for payment and whether the such Issuing Lender has made or will make an LC 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 Issuing Lender and the Lenders with respect to any such LC Disbursement.

Appears in 1 contract

Samples: Credit Agreement (Bowater Inc)

Disbursement Procedures. The Issuing Lender shall, promptly within a reasonable time following its receipt thereof, examine all documents purporting to represent a demand for payment under a Participated Letter of Credit. The Issuing Lender shall promptly after such examination notify the Administrative Agent and the Borrower XL Capital by telephone (confirmed by telecopy) of such demand for payment and whether the Issuing Lender has made or will make an LC Disbursement thereunder; provided that any failure to give or delay in giving such notice shall not relieve the Borrower Account Parties of its their obligation to reimburse the Issuing Lender and the Lenders with respect to any such LC Disbursement.

Appears in 1 contract

Samples: Credit Agreement (Xl Capital LTD)

Disbursement Procedures. The Issuing Lender shall, promptly within a reasonable time following its receipt thereof, examine all documents purporting to represent a demand and for payment under a Letter of Credit. The Issuing Lender shall promptly after such examination notify the Administrative Agent and the Borrower Company by telephone (confirmed by telecopy) of such demand for payment and whether the Issuing Lender has made or will make an LC 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 Issuing Lender and the Lenders with respect to any such LC Disbursement.

Appears in 1 contract

Samples: Credit Agreement (Cambrex Corp)

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

Appears in 1 contract

Samples: Credit Agreement (Old Dominion Electric Cooperative)

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

Appears in 1 contract

Samples: Credit Agreement (Wendy's/Arby's Group, Inc.)

Disbursement Procedures. The Issuing Lender shall, shall promptly following its receipt thereof, examine all documents purporting to represent a demand for payment under a Letter of Credit. The Issuing Lender shall promptly after such examination notify the Administrative Agent and the Borrower ODEC by telephone (confirmed by telecopyemail or other electronic communication) of such demand for payment and whether the Issuing Lender has made or will make an LC Disbursement thereunder; provided that any failure to give or delay in giving such notice shall not relieve the Borrower ODEC of its obligation to reimburse the Issuing Lender and the Lenders with respect to any such LC Disbursement.

Appears in 1 contract

Samples: Credit Agreement (Old Dominion Electric Cooperative)

Disbursement Procedures. The Issuing Lender shall, promptly following its receipt thereof, examine all documents purporting to represent a demand for payment under a Letter of Credit. The Issuing Lender shall promptly notify the Administrative Agent and the Borrower by telephone (confirmed by telecopytelecopy or electronic mail) of such demand for payment and whether the Issuing Lender has made or will make an 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 the Issuing Lender and the Lenders with respect to any such LC Disbursement.

Appears in 1 contract

Samples: Credit Agreement (Jones Lang LaSalle Income Property Trust, Inc.)

Disbursement Procedures. The Issuing Lender shall, promptly within a reasonable time following its receipt thereof, examine all documents purporting to represent a demand for payment under a Letter of Credit. The Issuing Lender shall promptly after such examination notify the Administrative Agent and the Borrower by telephone (confirmed by telecopyfax) of such demand for payment and whether the Issuing Lender has made or will make an 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 the Issuing Lender and the Revolving Lenders with respect to any such LC Disbursement.

Appears in 1 contract

Samples: Year Credit Agreement (Hearst Argyle Television Inc)

Disbursement Procedures. The applicable Issuing Lender shall, promptly following its receipt thereof, examine all documents purporting to represent a demand for payment under a Letter of Credit. The applicable Issuing Lender shall promptly notify the Administrative Agent and the Borrower by telephone (confirmed by telecopy) of such demand for payment and whether the applicable Issuing Lender has made or will make an a 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 the applicable Issuing Lender and the Revolving Lenders with respect to any such LC DisbursementDisbursement in accordance with the terms herein.

Appears in 1 contract

Samples: Collateral Trust Agreement (Delta Air Lines Inc /De/)

Disbursement Procedures. The Issuing Lender shall, promptly ----------------------- following its receipt thereof, examine all documents purporting to represent a demand for payment under a Letter of Credit. The Issuing Lender shall promptly notify the Administrative Agent and the Borrower by telephone (confirmed by telecopy) of such demand for payment and whether the Issuing Lender has made or will make an 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 the Issuing Lender and the Lenders with respect to any such LC Disbursement.

Appears in 1 contract

Samples: Credit Agreement (Nationwide Health Properties Inc)

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

Appears in 1 contract

Samples: Credit Agreement (InfuSystem Holdings, Inc)

Disbursement Procedures. The Issuing Lender shall, promptly within a reasonable time following its receipt thereof, examine all documents purporting to represent a demand for payment under a Letter of Credit. The Issuing Lender shall promptly after such examination notify the Administrative Agent and the Borrower Borrowers by telephone (confirmed by telecopyfacsimile) of such demand for payment and whether the Issuing Lender has made or will make an LC 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 Issuing Lender and the Lenders with respect to any such LC Disbursement.

Appears in 1 contract

Samples: Credit Agreement (Macerich Co)

Disbursement Procedures. The Issuing Lender 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. The Issuing Lender shall promptly after such examination notify the Administrative Agent and the Borrower by telephone (confirmed by telecopyfax or through Electronic Systems) of such demand for payment and whether if the Issuing Lender has made or will make an 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 the Issuing Lender and the Lenders with respect to any such LC Disbursement.

Appears in 1 contract

Samples: Credit Agreement (SJW Group)

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

Appears in 1 contract

Samples: Credit Agreement (Tivity Health, Inc.)

Disbursement Procedures. The Issuing Lender shall, promptly following its receipt thereof, examine all documents purporting to represent a demand for payment under a Letter of Credit. The Issuing Lender shall promptly notify the Administrative Agent and the Borrower for whose account such Letter of Credit was issued by telephone (confirmed by telecopy) of such demand for payment and whether the Issuing Lender has made or will make an LC 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 Issuing Lender and the Revolving Lenders with respect to any such LC Disbursement.

Appears in 1 contract

Samples: Credit Agreement (Ion Geophysical Corp)

Disbursement Procedures. The Issuing Lender shall, promptly following its receipt thereof, examine all documents purporting to represent a demand for payment under a Letter of Credit. The Issuing Lender shall promptly notify the Administrative Agent and the Borrower by telephone (confirmed by telecopyfacsimile) of such demand for payment and whether the Issuing Lender has made or will make an 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 the Issuing Lender and the Lenders with respect to any such LC Disbursement.

Appears in 1 contract

Samples: Credit Agreement (Atari Inc)

Disbursement Procedures. The Issuing Lender for any Letter of Credit shall, promptly within a reasonable time following its receipt thereof, examine all documents purporting to represent a demand for payment under a such Letter of Credit. The Such Issuing Lender shall promptly after such examination notify the Administrative Agent and the Borrower by telephone (confirmed by telecopyfacsimile) of such demand for payment and whether the such Issuing Lender has made or will make an 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 the such Issuing Lender and the Lenders with respect to any such LC Disbursement.

Appears in 1 contract

Samples: Guarantee Assumption Agreement (Best Buy Co Inc)

Disbursement Procedures. The Each Issuing Lender shall, promptly following its receipt thereof, examine all documents purporting to represent a demand for payment under a Letter of Credit. The Each Issuing Lender shall promptly notify the Administrative Agent and the Borrower by telephone (confirmed by telecopy) of such demand for payment and whether the such Issuing Lender has made or will make an 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 the such Issuing Lender and the Lenders with respect to any such LC Disbursement.

Appears in 1 contract

Samples: Credit Agreement (Blueknight Energy Partners, L.P.)

Disbursement Procedures. The Each Issuing Lender shall, promptly within a reasonable time following its receipt thereof, examine all documents purporting to represent a demand for payment under a Letter of Credit. The Each Issuing Lender shall promptly after such examination notify the Administrative Agent and the Borrower by telephone (confirmed by telecopy) of such demand for payment and whether the such Issuing Lender has made or will make an 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 the such Issuing Lender and the Revolving Credit Lenders with respect to any such LC Disbursement.

Appears in 1 contract

Samples: Credit Agreement (Eventbrite, Inc.)

Disbursement Procedures. The Issuing Lender shall, promptly following its receipt thereof, examine all documents purporting to represent a demand for payment under a Letter of Credit. The Issuing Lender shall promptly notify the Administrative Agent and the relevant Borrower by telephone (confirmed by telecopy) of such demand for payment and whether the Issuing Lender has made or will make an LC 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 the Issuing Lender and the Lenders with respect to any such LC Disbursement.

Appears in 1 contract

Samples: Credit Agreement (Cardtronics PLC)

Disbursement Procedures. The Each Issuing Lender shall, promptly following its receipt thereof, examine all documents purporting to represent a demand for payment under a Letter of Credit. The relevant Issuing Lender shall promptly notify the Administrative Agent and the relevant Borrower by telephone (confirmed by telecopy) of such demand for payment and whether the such Issuing Lender has made or will make an LC 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 the such Issuing Lender and the Lenders with respect to any such LC Disbursement.

Appears in 1 contract

Samples: Credit Agreement (Fei Co)

Disbursement Procedures. The Issuing Lender shall, promptly following its receipt thereof, examine all documents purporting to represent a demand for payment under a Letter of Credit. The Issuing Lender shall promptly notify the Administrative Agent and the Borrower by telephone (confirmed by telecopy) of such demand for payment and whether the Issuing Lender has made or will make an 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 the Issuing Lender and the Deposit Lenders with respect to any such LC Disbursement.

Appears in 1 contract

Samples: Loan and Guaranty Agreement (Tower Automotive, LLC)

Disbursement Procedures. The Issuing Lender shall, promptly within a reasonable time following its receipt thereof, examine all documents purporting to represent a demand for payment under a Letter of Credit. The Issuing Lender shall promptly after such examination notify the Administrative Agent and the Borrower by telephone (confirmed by telecopyfacsimile) of such 32 demand for payment and whether the Issuing Lender has made or will make an 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 the Issuing Lender and the Lenders with respect to any such LC Disbursement.

Appears in 1 contract

Samples: Credit Agreement (Chugach Electric Association Inc)

Disbursement Procedures. The Issuing Lender shall, promptly within a reasonable time following its receipt thereof, examine all documents purporting to represent a demand for payment under a Letter of Credit. The Issuing Lender shall promptly after such examination notify the Administrative Agent and the Borrower by telephone (confirmed by telecopy) Borrowers in writing of such demand for payment and whether the Issuing Lender has made or will make an LC 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 Issuing Lender and the Lenders with respect to any such LC Disbursement.

Appears in 1 contract

Samples: Credit Agreement (Brookfield Infrastructure Partners L.P.)

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

Appears in 1 contract

Samples: Credit Agreement (Superior Energy Services Inc)

Disbursement Procedures. The Issuing Lender shall, promptly following its receipt thereof, examine all documents purporting to represent a demand for payment under a Letter of Credit. The Issuing Lender shall promptly notify the Administrative Agent and the Borrower by telephone (confirmed by telecopy) of such demand for payment and whether the Issuing Lender has made or will make an 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 the Issuing Lender and the Lenders with respect to any such LC Disbursement.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Tower Automotive, LLC)

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