Distributions to Participants. If, at any time, after the Issuing Bank has made a Letter of Credit unreimbursed draw and has received from any Lender such Lender’s share of such Letter of Credit unreimbursed draw, and the Issuing Bank receives any payment or makes any application of funds on account of the Letter of Credit Reimbursement Obligation arising from such Letter of Credit unreimbursed draw, the Issuing Bank will pay to the Agent, for the account of such Lender, such Lender’s Pro Rata share of such payment.
Appears in 3 contracts
Samples: Credit Agreement (Black Box Corp), Credit Agreement (Norstan Inc), Credit Agreement (Black Box Corp)
Distributions to Participants. If, at any time, after the Issuing Bank has made a Letter of Credit unreimbursed draw and has received from any Lender such Lender’s 's share of such Letter of Credit unreimbursed draw, and the Issuing Bank receives any payment or makes any application of funds on account of the Letter of Credit Reimbursement Obligation arising from such Letter of Credit unreimbursed draw, the Issuing Bank will pay to the Agent, for the account of such Lender, such Lender’s 's Pro Rata share of such payment.
Appears in 3 contracts
Samples: Credit Agreement (Black Box Corp), Credit Agreement (Black Box Corp), Guaranty and Suretyship Agreement (Curtiss Wright Corp)
Distributions to Participants. If, at any time, after the Issuing Bank has made a Letter of Credit unreimbursed draw Unreimbursed Draw and has received from any Lender such Lender’s 's share of such Letter of Credit unreimbursed drawUnreimbursed Draw, and the Issuing Bank receives any payment or makes any application of funds on account of the Letter of Credit Reimbursement Obligation arising from such Letter of Credit unreimbursed drawUnreimbursed Draw, the Issuing Bank will promptly pay to the Administrative Agent, for the account of such Lender, such Lender’s 's Pro Rata share of such paymentpayment or application.
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Distributions to Participants. If, at any time, after the such Issuing Bank has made a Letter of Credit unreimbursed draw and has received from any Lender such Lender’s 's share of such Letter of Credit unreimbursed draw, and the such Issuing Bank receives any payment or makes any application of funds on account of the Letter of Credit Reimbursement Obligation arising from such Letter of Credit unreimbursed draw, the such Issuing Bank will pay to the Agent, for the account of such Lender, such Lender’s 's Pro Rata share of such payment.
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