Common use of Payment Obligation of Lenders Clause in Contracts

Payment Obligation of Lenders. Each Lender severally agrees to pay to the applicable Issuing Bank on demand in immediately available funds in Dollars the amount of such Lender’s pro rata percentage of each drawing paid by such Issuing Bank under each Letter of Credit to the extent such amount is not reimbursed by the Borrower pursuant to Section 2.05(d); provided, however, that in respect of any drawing under any Letter of Credit, the maximum amount that any Lender shall be required to fund, whether as a Revolving Loan or as a participation, shall not exceed such Lender’s pro rata percentage of such drawing. Each Lender’s obligation to make such payments to the applicable Issuing Bank under this subsection, and such Issuing Bank’s right to receive the same, shall be absolute, irrevocable and unconditional and shall not be affected in any way by any circumstance whatsoever, including without limitation, (i) the failure of any other Lender to make its payment under this subsection, (ii) the financial condition of the Borrower, (iii) the existence of any Default or Event of Default, including any Event of Default described in Section 6.01(i) or 6.01(j) or (iv) the termination of the Commitments. Each such payment to the applicable Issuing Bank shall be made without any offset, abatement, withholding or deduction whatsoever.

Payment Obligation of Lenders. Each Lender severally agrees to pay to the applicable Issuing Bank Agent on demand in immediately available funds in Dollars the amount of such Lender’s pro rata percentage Commitment Percentage of each drawing paid by such Issuing Bank the Agent under each Letter of Credit to the extent such amount is not reimbursed by the Borrower pursuant to Section 2.05(d2.3.(d); provided, however, that in respect of any drawing under any Letter of Credit, the maximum amount that any Lender shall be required to fund, whether as a Revolving Loan or as a participation, shall not exceed such Lender’s pro rata percentage Commitment Percentage of such drawing. Each Lender’s obligation to make such payments to the applicable Issuing Bank Agent under this subsection, and such Issuing Bankthe Agent’s right to receive the same, shall be absolute, irrevocable and unconditional and shall not be affected in any way by any circumstance whatsoever, including without limitation, (i) the failure of any other Lender to make its payment under this subsection, (ii) the financial condition of the BorrowerBorrower or any other Loan Party, (iii) the existence of any Default or Event of Default, including any Event of Default described in Section 6.01(i10.1.(f) or 6.01(j10.1.(g) or (iv) the termination of the Commitments. Each such payment to the applicable Issuing Bank Agent shall be made without any offset, abatement, withholding or deduction whatsoever.

Payment Obligation of Lenders. Each Lender severally agrees to pay to the applicable Issuing Bank Agent on demand in immediately available funds in Dollars the amount of such Lender’s pro rata percentage Commitment Percentage of each drawing paid by such Issuing Bank the Agent under each Letter of Credit to the extent such amount is not reimbursed by the Borrower pursuant to Section 2.05(dthe immediately preceding subsection (d); provided, however, that in respect of any drawing under any Letter of Credit, the maximum amount that any Lender shall be required to fund, whether as a Revolving Loan or as a participation, shall not exceed such Lender’s pro rata percentage Commitment Percentage of such drawing. Each Lender’s obligation to make such payments to the applicable Issuing Bank Agent under this subsection, and such Issuing Bankthe Agent’s right to receive the same, shall be absolute, irrevocable and unconditional and shall not be affected in any way by any circumstance whatsoever, including without limitation, (i) the failure of any other Lender to make its payment under this subsection, (ii) the financial condition of the Borrower, any other Loan Party or any Subsidiary, (iii) the existence of any Default or Event of Default, including any Event of Default described in Section 6.01(i11.1.(e) or 6.01(j(f) or (iv) the termination of the Commitments. Each such payment to the applicable Issuing Bank Agent shall be made without any offset, abatement, withholding or deduction whatsoever.

Payment Obligation of Lenders. Each Lender severally agrees to pay to the applicable Issuing Bank on demand in immediately available funds in Dollars the amount of such Lender’s pro rata percentage of each drawing paid by such the Issuing Bank under each Letter of Credit to the extent such amount is not reimbursed by the Borrower pursuant to Section 2.05(d); provided, however, that in respect of any drawing under any Letter of Credit, the maximum amount that any Lender shall be required to fund, whether as a Revolving Loan or as a participation, shall not exceed such Lender’s pro rata percentage of such drawing. Each Lender’s obligation to make such payments to the applicable Issuing Bank under this subsection, and such the Issuing Bank’s right to receive the same, shall be absolute, irrevocable and unconditional and shall not be affected in any way by any circumstance whatsoever, including without limitation, (i) the failure of any other Lender to make its payment under this subsection, (ii) the financial condition of the Borrower, (iii) the existence of any Default or Event of Default, including any Event of Default described in Section 6.01(i6.01(h) or 6.01(j6.01(i) or (iv) the termination of the Commitments. Each such payment to the applicable Issuing Bank shall be made without any offset, abatement, withholding or deduction whatsoever.

Payment Obligation of Lenders. Each Lender severally agrees to pay to the applicable Issuing Bank Agent on demand in immediately available funds in Dollars the amount of such Lender’s pro rata percentage 's Commitment Percentage of each drawing paid by such Issuing Bank the Agent under each Letter of Credit to the extent such amount is not reimbursed by the Borrower pursuant to Section 2.05(d2.2.(d); provided, however, that in respect of any drawing under any Letter of Credit, the maximum amount that any Lender shall be required to fund, whether as a Revolving Loan or as a participation, shall not exceed such Lender’s pro rata percentage 's Commitment Percentage of such drawing. Each Lender’s 's obligation to make such payments to the applicable Issuing Bank Agent under this subsection, and such Issuing Bank’s the Agent's right to receive the same, shall be absolute, irrevocable and unconditional and shall not be affected in any way by any circumstance whatsoever, including without limitation, (i) the failure of any other Lender to make its payment under this subsection, (ii) the financial condition of the BorrowerBorrower or any other Loan Party, (iii) the existence of any Default or Event of Default, including any Event of Default described in Section 6.01(i11.1.(e) or 6.01(j11.1.(f) or (iv) the termination of the Commitments. Each such payment to the applicable Issuing Bank Agent shall be made without any offset, abatement, withholding or deduction whatsoever.

Payment Obligation of Lenders. Each Lender severally agrees to pay to the applicable Issuing Bank Agent on demand in immediately available funds in Dollars the amount of such Lender’s pro rata percentage Commitment Percentage of each drawing paid by such Issuing Bank the Agent under each Letter of Credit to the extent such amount is not reimbursed by the Borrower pursuant to Section 2.05(d2.3.(d); provided, however, that the maximum amount payable by any Lender in respect of any drawing under any Letter of Credit, whether pursuant to this subsection or the maximum amount that any Lender shall be required to fund, whether as a Revolving Loan or as a participationimmediately preceding subsection (e), shall not exceed such Lender’s pro rata percentage Commitment Percentage of such drawing. Each such Lender’s obligation to make such payments to the applicable Issuing Bank Agent under this subsection, and such Issuing Bankthe Agent’s right to receive the same, shall be absolute, irrevocable and unconditional and shall not be affected in any way by any circumstance whatsoever, including without limitation, (i) the failure of any other Lender to make its payment under this subsection, (ii) the financial condition of the BorrowerBorrower or any other Loan Party, (iii) the existence of any Default or Event of Default, including any Event of Default described in Section 6.01(i10.1.(f) or 6.01(j10.1.(g) or (iv) the termination of the Commitments. Each such payment to the applicable Issuing Bank Agent shall be made without any offset, abatement, withholding or deduction whatsoever.

Payment Obligation of Lenders. Each Lender severally agrees to pay to the applicable Issuing Bank Agent on demand in immediately available funds in Dollars the amount of such Lender’s pro rata percentage Commitment Percentage of each drawing paid by such Issuing Bank the Agent under each Letter of Credit to the extent such amount is not reimbursed by the Borrower pursuant to Section 2.05(d2.4.(d); provided, however, that in respect of any drawing under any Letter of Credit, the maximum amount that any Lender shall be required to fund, whether as a Revolving Loan or as a participation, shall not exceed such Lender’s pro rata percentage Commitment Percentage of such drawing. Each such Lender’s obligation to make such payments to the applicable Issuing Bank Agent under this subsection, and such Issuing Bankthe Agent’s right to receive the same, shall be absolute, irrevocable and unconditional and shall not be affected in any way by any circumstance whatsoever, including without limitation, (i) the failure of any other Lender to make its payment under this subsection, (ii) the financial condition of the BorrowerBorrower or any other Loan Party, (iii) the existence of any Default or Event of Default, including any Event of Default described in Section 6.01(i10.1.(f) or 6.01(j10.1.(g) or (iv) the termination of the Commitments. Each such payment to the applicable Issuing Bank Agent shall be made without any offset, abatement, withholding or deduction whatsoever.

Payment Obligation of Lenders. Each Lender severally agrees to pay to the applicable Issuing Bank Agent on demand in immediately available funds in Dollars the amount of such Lender’s pro rata percentage 's Pro Rata Share of each drawing paid by such Issuing Bank the Agent under each Letter of Credit to the extent such amount is not reimbursed by the Borrower pursuant to Section 2.05(d)subsection (d) of this Section; provided, however, that in respect of any drawing under any Letter of Credit, the maximum amount that any Lender shall be required to fund, whether as a Revolving Loan or as a participation, shall not exceed such Lender’s pro rata percentage 's Pro Rata Share of such drawing. Each Lender’s 's obligation to make such payments to the applicable Issuing Bank Agent under this subsection, and such Issuing Bank’s the Agent's right to receive the same, shall be absolute, irrevocable and unconditional and shall not be affected in any way by any circumstance whatsoever, including without limitation, (i) the failure of any other Lender to make its payment under this subsection, (ii) the financial condition of the BorrowerBorrower or any other Loan Party, (iii) the existence of any Default or Event of Default, including any Event of Default described in Section 6.01(i9.1.(e) or 6.01(j9.1.(f) or (iv) the termination of the Commitments. Each such payment to the applicable Issuing Bank Agent shall be made without any offset, abatement, withholding or deduction whatsoever.