Means of Reimbursement Sample Clauses

Means of Reimbursement. Forthwith upon its receipt of a notice referred to in Section 2.15.3 hereof, Borrower shall advise Agent whether or not Borrower intends to obtain a Loan to finance its obligation to reimburse the Issuing Bank for the amount of the related demand for payment and, if it does, submit a notice of such borrowing as provided in this Agreement. In the event that Borrower fails to so advise Agent, and if Borrower fails to reimburse the Issuing Bank for a demand for payment under a Letter of Credit by the date of such payment, Agent shall give each Lender prompt notice of the amount of the demand for payment, specifying such Lender's Pro Rata Share of the amount of the related demand for payment, and Borrower shall be deemed in default hereunder for breaching Section 2.15.3 above.
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Means of Reimbursement. Forthwith upon its receipt of a notice referred to in Section 2.16.3 hereof, PLC shall advise the Administrative Agent whether or not PLC, on behalf of Borrowers, intends to obtain a Loan to finance its obligation to reimburse the Administrative Agent for the amount of the related demand for payment and, if it does, submit a notice of such borrowing as provided in this Agreement. In the event that PLC fails to so advise the Administrative Agent, and if PLC fails to reimburse the Administrative Agent for a demand for payment under a Letter of Credit by the date of such payment, the Administrative Agent shall give each Lender prompt notice of the amount of the demand for payment, specifying such Lender’s Pro Rata Share of the amount of the related demand for payment, and Borrowers shall be deemed in default hereunder for breaching Section 2.16.3 above.
Sample 1
Means of Reimbursement. Forthwith upon its receipt of a notice referred to in Section 2.16.3 hereof, Borrower shall advise Agent whether or not Borrower intends to obtain a Loan to finance its obligation to reimburse NationsBank for the amount of the related demand for payment and, if it does, submit a notice of such borrowing as provided in this Agreement. In the event that Borrower fails to so advise Agent, and if Borrower fails to reimburse NationsBank for a demand for payment under a Letter of Credit by the date of such payment, Agent shall give each Lender prompt notice of the amount of the demand for payment, specifying such Lender's Pro Rata Share of the amount of the related demand for payment, and Borrower shall be deemed in default hereunder for breaching Section 2.16.3 above.
Sample 1
Means of Reimbursement. Forthwith upon its receipt of a notice referred to in Section 2.15.3 hereof, unless BAM shall promptly either (i) advise Agent that BAM, on behalf of Borrowers, does not intend to obtain a Committed Loan to finance its obligation to reimburse the Issuing Bank for the amount of the related demand for payment or (ii) submit a Borrowing Notice as provided in this Agreement sufficient to finance its obligation to reimburse the Issuing Bank for the amount of the related demand for payment, BAM, on behalf of Borrowers, shall be deemed to irrevocably have made a request for a Base Rate Loan sufficient to reimburse the Issuing Bank for the amount of the related demand for payment. Any such Committed Loan shall only be advanced if Borrowers are entitled to obtain such a Committed Loan pursuant to the terms hereof. If BAM fails to reimburse the Issuing Bank for a demand for payment under a Letter of Credit by the date of such payment (whether due to not being entitled for a Committed Loan requested or deemed requested under this Section 2.15.4 or due to failure to reimburse the Issuing Bank for such demand for payment, after advising Agent that it does not intend to obtain a Loan to finance such obligation), Agent shall give each Lender prompt notice of the amount of the demand for payment, specifying such Lender's Pro Rata Share of the amount of the related demand for payment, and Borrowers shall be deemed in default hereunder for breaching Section 2.15.3 above.
Sample 1
Means of Reimbursement. 23 2.16.5 Payments by Lenders............................................................................24 2.16.6 Settlement Among Lenders.......................................................................24 2.16.7 Letter of Credit Fee...........................................................................24 2.16.8 Letter of Credit Information...................................................................25 2.16.9 Conditions Relating to Letters of Credit.......................................................25 2.16.10 Payments Among Lenders.........................................................................25 2.16.11 Modifications..................................................................................25 2.16.12 Absolute Obligations of Borrowers..............................................................25 2.16.13 Indemnification................................................................................27 2.16.14 Assumption of Risk.............................................................................27 2.16.15 Reserves.......................................................................................27 2.17. Swingline Loans................................................................................28 2.17.1 Use of Proceeds of Swingline Loans.............................................................28 2.17.2 Swingline Note.................................................................................28 2.17.3 Funding of Swingline Loans Advanced Pursuant to Borrowing Notices..............................28 2.17.3 (a) Applicability................................................................................28 2.17.3 (b) Borrowing Notices............................................................................28 2.17.3 (c) Funding of Swingline Loans...................................................................28 2.17.4 Funding of Swingline Loans Advanced Pursuant to Cash Management Accounts............................................................................29 2.17.4 (a) Funding and Payment Procedures Controlled by Account Agreements..............................29 2.17.4 (b) Certain Provisions Controlled by this Agreement..............................................29 2.17.4 (c) Continuing Warranty Under Account Agreements.................................................29 2.17.5 Implied Representations Upon Request for Swingline Loan........................................29 2.17.6 Advan...
Sample 1

Related to Means of Reimbursement

  • Manner of Reimbursement Upon its receipt of a notice referred to in the immediately preceding subsection (d), the Borrower shall advise the Administrative Agent and the Issuing Bank whether or not the Borrower intends to borrow hereunder to finance its obligation to reimburse the Issuing Bank for the amount of the related demand for payment and, if it does, the Borrower shall submit a timely request for such borrowing as provided in the applicable provisions of this Agreement. If the Borrower fails to so advise the Administrative Agent and the Issuing Bank, or if the Borrower fails to reimburse the Issuing Bank for a demand for payment under a Letter of Credit by the date of such payment, the failure of which the Issuing Bank shall promptly notify the Administrative Agent, then (i) if the applicable conditions contained in Article VI would permit the making of Revolving Loans, the Borrower shall be deemed to have requested a borrowing of Revolving Loans (which shall be Base Rate Loans) in an amount equal to the unpaid Reimbursement Obligation and the Administrative Agent shall give each Revolving Lender prompt notice of the amount of the Revolving Loan to be made available to the Administrative Agent not later than 12:00 noon Central time and (ii) if such conditions would not permit the making of Revolving Loans, the provisions of subsection (j) of this Section shall apply. The limitations set forth in the second sentence of Section 2.1(a) (regarding minimum amounts and integral multiples) shall not apply to any borrowing of Base Rate Loans under this subsection.

  • Meal Reimbursement 1. If an employee is required to work one and one-half (1-1/2) hours before or beyond his/her normal working day or on overtime for emergency purposes or for extended work periods of five (5) or more hours in length on a day that is not the employee’s regular work day, and the employee is not exercising flexible work hours, the employee shall be reimbursed for the actual cost of a meal/food items not to exceed $18.00, plus tip (not to exceed 15%) and applicable taxes. Reimbursement is contingent upon the employee providing receipts.

  • Educational Reimbursement SECTION 1. The purpose of this Article is to xxxxxx a learning environment and provide educational opportunities that are mutually beneficial to the employees and the County and will encourage eligible employees to participate in education programs which will further their skills and knowledge for use in their current position or for use in a possible future position of greater responsibility. The Educational Reimbursement Program shall be a plan as provided for in Section 127 of the Internal Revenue Code of 1986, as amended (the “Code”) and shall be construed consistently with the requirements of Section 127. Amounts paid for tuition reimbursement meeting the requirements of Section 127 of the IRS Tax Code are not included in an Employee’s income or subject to income tax withholding up to a maximum of $5,250 annually. If subsequent tax law changes fail to continue the tax-free treatment, or in any way modify its treatment, appropriate adjustments in tax withholding will be made from the effective date of the change. This Article does not apply to training seminars, conferences, workshops, etc.

  • Education Reimbursement The County will provide education reimbursement for education costs incurred by regular employees who apply for such reimbursement in accordance with the policies and procedures governing the education reimbursement program. The maximum reimbursement shall be $1,500 per year.

  • Payment of Reimbursement Obligations (a) The Borrower agrees to pay to the Administrative Agent for the account of the Issuing Bank the amount of all Advances for Reimbursement Obligations, interest and other amounts payable to the Issuing Bank under or in connection with any Facility Letter of Credit when due, irrespective of any claim, set-off, defense or other right which the Borrower may have at any time against any Issuing Bank or any other Person, under all circumstances, including without limitation any of the following circumstances:

  • Mileage Reimbursement A. Subject to the current Vehicle Rules and Regulations established by the Board, an employee who is authorized to use a private automobile in the performance of duties shall be reimbursed for each mile driven in the performance of his or her duties during each monthly period as follows:

  • Cost Reimbursement This payment method is based on an approved budget and submission of a request for reimbursement of expenses Xxxxxxx has incurred at the time of the request;

  • Tuition Reimbursement A. Agencies may approve full or partial tuition reimbursement, consistent with agency policy and within available resources.

  • Reimbursement If any Purchaser becomes involved in any capacity in any Proceeding by or against any Person who is a stockholder of the Company (except as a result of sales, pledges, margin sales and similar transactions by such Purchaser to or with any current stockholder), solely as a result of such Purchaser’s acquisition of the Securities under this Agreement, the Company will reimburse such Purchaser for its reasonable legal and other expenses (including the cost of any investigation preparation and travel in connection therewith) incurred in connection therewith, as such expenses are incurred. The reimbursement obligations of the Company under this paragraph shall be in addition to any liability which the Company may otherwise have, shall extend upon the same terms and conditions to any Affiliates of the Purchasers who are actually named in such action, proceeding or investigation, and partners, directors, agents, employees and controlling persons (if any), as the case may be, of the Purchasers and any such Affiliate, and shall be binding upon and inure to the benefit of any successors, assigns, heirs and personal representatives of the Company, the Purchasers and any such Affiliate and any such Person. The Company also agrees that neither the Purchasers nor any such Affiliates, partners, directors, agents, employees or controlling persons shall have any liability to the Company or any Person asserting claims on behalf of or in right of the Company solely as a result of acquiring the Securities under this Agreement.

  • Compensation; Reimbursement At the closing of each Offering (each, a “Closing”), the Company shall compensate Xxxxxxxxxx as follows:

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