Participations of Banks. Each such payment made by a Bank shall be treated as the purchase by such Bank of a participating interest in the Borrower's Reimbursement Obligation under Section 4.2 in an amount equal to such payment. Each Bank shall share in accordance with its participating interest in any interest which accrues pursuant to Section 4.2.
Participations of Banks. Each such payment made by a Bank shall be treated as the purchase by such Bank of a participating interest in the Borrowers' Reimbursement Obligation under ss.5.2 in an amount equal to such payment. Each Bank shall share in accordance with its participating interest in any interest which accrues pursuant to ss.5.2.
Participations of Banks. Each such payment made by a Bank shall be treated as the purchase by such Bank of a participating interest in the Borrower's Reimbursement Obligation under 4.2 in an amount equal to such payment. Each Bank shall share in accordance with its participating interest in any interest which accrues pursuant to 4.2. 4.2.
Participations of Banks. (a) Immediately upon the issuance of each Letter of Credit, each Bank shall be deemed to, and hereby irrevocably unconditionally agrees to, purchase from the Issuing Bank a participation in such Letter of Credit and each drawing thereunder in any amount equal in each case to the product of (i) the Pro Rata Share of such Bank, times (ii) the maximum amount available to be drawn under such Letter of Credit and the amount of such drawing, respectively. Each issuance of a Letter of Credit shall be deemed to utilize the Commitment of each Bank by an amount equal to the amount of such Pro Rata Share.
Participations of Banks. (a) Immediately upon the issuance of each Letter of Credit, each Bank shall be deemed to, and hereby irrevocably unconditionally agrees to, purchase from the Issuing Bank a participation in such Letter of Credit, each drawing thereunder in any amount and each draft accepted or deferred payment obligation incurred in any amount under such Letter of Credit equal in each case to the product of (i) the pro rata share (expressed as a percentage) of each Bank, represented by the percentage that each Bank's Commitment bears to the Total Commitment, times (ii) the maximum amount available to be drawn under such Letter of Credit and the amount of such drawing, accepted draft or deferred payment obligation, respectively. Each issuance of a Letter of Credit shall be deemed to utilize the Commitment of each Bank by an amount equal to the amount of such participation.
Participations of Banks. 34 ----------------------- 5.2. Reimbursement Obligation of the Borrower. ............
Participations of Banks. 24 5.2. Reimbursement Obligations of Borrower; Effects of Drawing. 24 5.3. Letter of Credit Payments. 25 5.4. Obligations Absolute. 25 5.5. Reliance by Issuer. 26 5.6. Letter of Credit Fee. 26 6. CERTAIN GENERAL PROVISIONS 27 6.1.
Participations of Banks. 31- Section 4.2 Reimbursement Obligation of the Borrowers. . . . . . . . . . . . . . . . -32- Section 4.3 Letter of Credit Payments. . . . . . . . -32- Section 4.4 Obligations Absolute . . . . . . . . . . -33- Section 4.5 Reliance by Issuer . . . . . . . . . . . -33- Section 4.6 Letter of Credit Fees. . . . . . . . . . -34-
Participations of Banks. Each such payment made by a Bank shall be treated as the purchase by such Bank of a participating
