Loan Procedure. In the event that the Borrower does not otherwise reimburse the applicable Issuing Lender in cash in accordance with the provisions of Section 3.07 of this Agreement for the amount of any Liquidity Drawing prior to the time for payment specified in Section 3.07, the Borrower will be deemed to have requested a Loan in an amount equal to the amount of such Liquidity Drawing for the purposes specified in Section 2.11(b).
Appears in 2 contracts
Sources: Letter of Credit Agreement (LG&E & KU Energy LLC), Letter of Credit Agreement (LG&E & KU Energy LLC)