Common use of Disbursements, Reimbursement Clause in Contracts

Disbursements, Reimbursement. Immediately upon the issuance of each Letter of Credit, each Lender shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from the Issuing Lender a participation in such Letter of Credit and each drawing thereunder in an amount equal to such ▇▇▇▇▇▇’s Ratable Share of the maximum amount available to be drawn under such Letter of Credit and the amount of such drawing, respectively.

Appears in 2 contracts

Sources: Credit Agreement (Ipalco Enterprises, Inc.), Revolving Credit Facility Agreement (Chesapeake Utilities Corp)

Disbursements, Reimbursement. Immediately upon the issuance of each Letter of Credit, each Revolving Lender shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from the Issuing Lender a participation in such Letter of Credit (including the Existing Letters of Credit) and each drawing thereunder in an amount equal to such ▇▇▇▇▇▇Revolving Lender’s Ratable Share of the maximum amount available to be drawn under such Letter of Credit and the amount of such drawing, respectively.

Appears in 2 contracts

Sources: Credit Agreement (Hallador Energy Co), Credit Agreement (Hallador Energy Co)

Disbursements, Reimbursement. Immediately upon the issuance of each Letter of Credit, each Lender shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from the Issuing Lender a participation in such Letter of Credit (including the Existing Letters of Credit) and each drawing thereunder in an amount equal to such ▇▇▇▇▇▇’s Lender's Ratable Share of the maximum amount available to be drawn under such Letter of Credit and the amount of such drawing, respectively.

Appears in 1 contract

Sources: Credit Agreement (Hallador Energy Co)

Disbursements, Reimbursement. Immediately upon the issuance of each Letter of Credit, each Revolving Lender shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from the applicable Issuing Lender a participation in such Letter of Credit and each drawing thereunder thereunder, without recourse or warranty, in an amount equal to such ▇▇▇▇▇▇Revolving Lender’s Ratable Pro Rata Share of the maximum amount available to be drawn under such Letter of Credit and the amount of such drawing, respectively.

Appears in 1 contract

Sources: Credit Agreement (Shenandoah Telecommunications Co/Va/)

Disbursements, Reimbursement. Immediately upon the issuance of each Letter of Credit, each Lender shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from the Issuing Lender a participation in such Letter of Credit and each drawing thereunder in an amount equal to such ▇▇▇▇▇▇’s Lender's Ratable Share of the maximum amount available to be drawn under such Letter of Credit and the amount of such drawing, respectively.

Appears in 1 contract

Sources: Credit Agreement (Ipalco Enterprises, Inc.)

Disbursements, Reimbursement. Immediately upon the issuance of each Letter of Credit, each Lender shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from the Issuing Lender Agent a participation in such Letter of Credit and each drawing thereunder in an amount equal to such ▇▇▇▇▇▇Lender’s Ratable Share of the maximum amount available to be drawn under such Letter of Credit and the amount of such drawing, respectively.

Appears in 1 contract

Sources: Credit Agreement (Covance Inc)