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:
Payment of Reimbursement Obligations. (i) The Borrower or the applicable Qualified Borrower unconditionally agrees to pay to each Issuing Bank, in Dollars or Alternative Currency, as applicable, the amount of all Reimbursement Obligations, interest and other amounts payable to such Issuing Bank under or in connection with the Letters of Credit and/or Alternative Currency Letter of Credit when such amounts are due and payable, irrespective of any claim, setoff, defense or other right which the Borrower may have at any time against any Issuing Bank or any other Person.
Payment of Reimbursement Obligations. (i) The Borrower unconditionally agrees to pay to the Lender, in dollars, the amount of all Reimbursement Obligations, interest and other amounts payable to the Lender under or in connection with the Letters of Credit when such amounts are due and payable, irrespective of any claim, setoff, defense or other right which the Borrower may have at any time against the Lender or any other Person.
Payment of Reimbursement Obligations. (a) The Borrower agrees to pay to each Issuing Lender the amount of all Reimbursement Obligations, interest and other amounts payable to such Issuing Lender under or in connection with any Facility Letter of Credit when due in accordance with Section 2A.5(a) above, and the Borrower’s obligation to reimburse in accordance with Section 2A.5(a) shall be absolute, unconditional and irrevocable, irrespective of any claim, set-off, defense or other right which the Borrower may have at any time against any Issuing Lender or any other Person, under all circumstances, including without limitation any of the following circumstances:
Payment of Reimbursement Obligations. The Company agrees to pay to each Issuing Bank the amount of all Reimbursement Obligations, interest and other amounts payable to such issuing Bank under or in connection with any Facility Letter of Credit immediately when due; irrespective of any claim, setoff, defense or other right which the Company may have at any time against any Issuing Bank or any other Person. In the event any payment by the Company received by an Issuing Bank with respect to a Facility Letter of Credit and distributed by the Administrative Agent to the Lenders on account of their participations is thereafter set aside, avoided or recovered from that Issuing Bank in connection with any receivership, liquidation or bankruptcy proceeding, each Lender which received such distribution shall, upon demand by that Issuing Bank, contribute such Lender’s Pro Rata Share of the amount set aside, avoided or recovered together with interest at the rate required to be paid by that Issuing Bank upon the amount required to be repaid by it. Compensation for Facility Letters of Credit.
Payment of Reimbursement Obligations. Subject to the terms of the Credit Agreement and the Subordination Agreement, the Borrower unconditionally agrees to pay to each of the Lender and SLT the amount of all Reimbursement Obligations, interest and other amounts payable to the Lender and SLT under or in connection with the guaranties when such amounts are due and payable, irrespective of any claim, setoff, defense or other right
Payment of Reimbursement Obligations. (i) The Borrowers agree 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 Borrowers may have at any time against any Issuing Bank or any other Person, under all circumstances, including without limitation any of the following circumstances: (a) any lack of validity or enforceability of this Agreement or any of the other Loan Documents; (b) the existence of any claim, setoff, defense or other right which the Borrowers may have at any time against a beneficiary named in a Facility Letter of Credit or any transferee of any Facility Letter of Credit (or any Person for whom any such transferee may be acting), the Administrative Agent, the Issuing Bank, any Lender, or any other Person, whether in connection with this Agreement, any Facility Letter of Credit, the transactions contemplated herein or any unrelated transactions (including any underlying transactions between the Borrowers and the beneficiary named in any Facility Letter of Credit); (c) any draft, certificate or any other document presented under the Facility Letter of Credit proving to be forged, fraudulent, invalid or insufficient in any respect of any statement therein being untrue or inaccurate in any respect; (d) the surrender or impairment of any security for the performance or observance of any of the terms of any of the Loan Documents; or
Payment of Reimbursement Obligations. 50 SECTION 3.7 Participations......................................................................................50 SECTION 3.8 Indemnification, Exoneration........................................................................52 SECTION 3.9 Supporting Letter of Credit; Cash Collateral Account................................................53 --------
Payment of Reimbursement Obligations. Amounts payable by the Borrower to the Lender under Section 2A.2 shall bear interest from the date of Lender's demand under that Section, until paid in full, at the rate applicable from time to time to the principal balance of Advances under the Agreement pursuant to Section 2.2 hereof.
Payment of Reimbursement Obligations. 57 3.8 Compensation for Facility Letters of Credit.............................................................58 3.9 Letter of Credit Collateral Account.....................................................................59