Letter of Credit Reimbursement Agreement Sample Clauses

Letter of Credit Reimbursement Agreement. In the event that any of Dine Brands Global, the IHOP Parent or the Applebee’s Parent (together, the “Parent Entities”) has deposited cash collateral as security for its obligations under the Letter of Credit Reimbursement Agreement into a bank account maintained in the name of the Co-Issuers, (i) if the Parent Entities fail to make any payment to the Co-Issuers when due under the Letter of Credit Reimbursement Agreement, the Manager will withdraw the amount of such delinquent payment from such bank account within one Business Day of the due date of such payment under the Letter of Credit Reimbursement Agreement and deposit such amount into the Collection Account, and (ii) if the amount on deposit in such account exceeds an amount equal to 105% of the sum of (x) the aggregate exposure under all outstanding letters of credit under the Letter of Credit Reimbursement Agreement plus (y) the aggregate amount then due to the Co-Issuers under Section 4 or Section 5 of the Letter of Credit Reimbursement Agreement, the Manager will withdraw the amount of such excess from such account and pay such excess to the applicable Parent Entity.
Letter of Credit Reimbursement Agreement. BAFC, the Letter of Credit Agent and the Letter of Credit Banks shall have executed and delivered the Letter of Credit Reimbursement Agreement; such Agreement shall be in full force and effect; and the Administrative Agent shall have received a fully executed counterpart thereof.
Letter of Credit Reimbursement Agreement. A Letter of Credit Reimbursement Agreement duly executed by the applicable Borrower with respect to any Letter of Credit issued on the Restatement Date;
Letter of Credit Reimbursement Agreement. An event of default occurs under the Letter of Credit Reimbursement Agreement for any Group III Series of Notes which continues beyond any applicable cure period specified in such Letter of Credit Reimbursement Agreement.
Letter of Credit Reimbursement Agreement. In consideration of CoBank issuing one or more letters of credit (each a "Credit") for the Company's account under the Supplement to which this agreement is attached (the "Supplement"), the Company agrees as follows:
Letter of Credit Reimbursement Agreement signed by Borrower, and such other documents or items as may be required pursuant to the terms thereof. In the event of any conflict between the terms of any Letter of Credit Reimbursement Agreement and this Agreement, the terms of this Agreement shall govern.
Letter of Credit Reimbursement Agreement. An event occurs which constitutes an Event of Default under and for purposes of the Letter of Credit Reimbursement Agreement; and
Letter of Credit Reimbursement Agreement. At the time of any Issuance or Modification, (i) the terms of the Letter of Credit Reimbursement Agreement will be armslength terms not more favorable to any party than the terms that could reasonably be expected to be found in a similar transaction involving unrelated third parties, (ii) the pricing terms specified in the Letter of Credit Reimbursement Agreement will be comparable to the pricing terms available to Xxxxxxxx 66 Co. in a similar transaction involving unrelated third parties, and (iii) the consideration provided under the Letter of Credit Reimbursement Agreement will constitute fair consideration and reasonably equivalent value.
Letter of Credit Reimbursement Agreement. In addition to the terms and conditions of this Agreement, each Letter of Credit shall be issued pursuant to and the Letter of Credit Issuing Bank shall be entitled to the benefits of a Letter of Credit Reimbursement Agreement. In the event of any conflict or inconsistency between the terms of any Letter of Credit Reimbursement Agreement and this Agreement, the terms of this Agreement shall control to the extent of any such conflict or inconsistency.