Common use of Payment of Reimbursement Obligations Clause in Contracts

Payment of Reimbursement Obligations. (i) Each Borrower for whose account a Letter of Credit has been Issued unconditionally 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 such Letter of Credit when such amounts are due and payable, irrespective of any claim, setoff, defense or other right which such Borrower may have at any time against such Issuing Bank or any other Person.

Appears in 5 contracts

Samples: Credit Agreement (Nacco Industries Inc), Credit Agreement (Nacco Industries Inc), Credit Agreement (NMHG Holding Co)

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Payment of Reimbursement Obligations. (i) Each The Borrower for whose account a Letter of Credit has been Issued unconditionally agrees to pay to each Issuing Bank the Lender, in dollars, the amount of all Reimbursement Obligations, interest and other amounts payable to such Issuing Bank the Lender under or in connection with such Letter the Letters of Credit when such amounts are due and payable, irrespective of any claim, setoff, defense or other right which such the Borrower may have at any time against such Issuing Bank the Lender or any other Person.

Appears in 4 contracts

Samples: Credit Agreement (Reckson Associates Realty Corp), Credit Agreement (Reckson Services Industries Inc), Credit Agreement (Reckson Associates Realty Corp)

Payment of Reimbursement Obligations. (i) Each The Borrower for whose account a Letter of Credit has been Issued unconditionally agrees to pay to each Issuing Bank Bank, in Dollars, the amount of all Reimbursement Obligations, interest and other amounts payable to such Issuing Bank under or in connection with such Letter the Letters of Credit when such amounts are due and payable, irrespective of any claim, setoff, defense or other right which such the Borrower may have at any time against such any Issuing Bank or any other Person.

Appears in 4 contracts

Samples: Credit Agreement (Simon Property Group L P /De/), Credit Agreement (Reckson Operating Partnership Lp), Credit Agreement (Reckson Operating Partnership Lp)

Payment of Reimbursement Obligations. (i) Each Borrower for whose account a Letter of Credit has been Issued the Borrowers unconditionally 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 such any Letter of Credit Issued by such Issuing Bank when such amounts are due and payable, irrespective of any claim, setoff, defense or other right which such Borrower may have at any time against such Issuing Bank or any other Person.

Appears in 3 contracts

Samples: Credit Agreement (Donna Karan International Inc), Credit Agreement (Donna Karan International Inc), Credit Agreement (Donna Karan International Inc)

Payment of Reimbursement Obligations. (i) Each The Borrower for whose account a Letter of Credit has been Issued unconditionally agrees to pay to each Issuing Bank Bank, in Dollars, the amount of all Reimbursement Obligations, interest and other amounts payable to such Issuing Bank under or in connection with such the related Letter of Credit Reimbursement Agreement and the Letter of Credit issued pursuant thereto when such amounts are due and payable, irrespective of any claim, setoff, defense or other right which such the Borrower may have at any time against such any Issuing Bank or any other Person.

Appears in 2 contracts

Samples: Credit Agreement (Foamex Capital Corp), Credit Agreement (Foamex Capital Corp)

Payment of Reimbursement Obligations. (i) Each The Borrower unconditionally agrees to pay, or cause its Subsidiary for whose account a Letter of Credit has been Issued unconditionally agrees is issued to pay pay, to each Issuing Bank Bank, in Dollars, the amount of all Reimbursement Obligations, interest and other amounts payable to such Issuing Bank under or in connection with such Letter the Letters of Credit when such amounts are due and payable, irrespective of any claim, setoff, defense or other right which such the Borrower may have at any time against such any Issuing Bank or any other Person.

Appears in 2 contracts

Samples: Credit Agreement (Rhi Holdings Inc), Credit Agreement (Dyncorp)

Payment of Reimbursement Obligations. (i) Each The Borrower for whose account a Letter of Credit has been Issued unconditionally agrees to pay to each the Issuing Bank Bank, in Dollars, the amount of all Reimbursement Obligations, interest and other reasonable amounts payable to such the Issuing Bank under or in connection with such Letter the Letters of Credit when such amounts are due and payable, irrespective of any claim, setoff, defense or other right which such the Borrower may have at any time against such the Issuing Bank or any other Person.

Appears in 2 contracts

Samples: Credit Agreement (Watson Pharmaceuticals Inc), Credit Agreement (Watson Pharmaceuticals Inc)

Payment of Reimbursement Obligations. (i) Each The Borrower for whose account a Letter of Credit has been Issued unconditionally agrees to pay to each Issuing Bank Issuer the amount of all Reimbursement Obligations, interest and other amounts payable to such Issuing Bank Issuer under or in connection with such any Letter of Credit Accommodation issued by such Issuer when such amounts are due and payable, irrespective of any claim, setoffset-off, defense or other right which such the Borrower may have at any time against such Issuing Bank Issuer or any other Person.

Appears in 1 contract

Samples: Credit Agreement (Avado Brands Inc)

Payment of Reimbursement Obligations. (i) Each Borrower for whose account a Letter of Credit has been Issued unconditionally agrees to pay to each Issuing Bank Bank, in the currency in which it is denominated, the amount of all Reimbursement Obligations, interest and other amounts payable to such Issuing Bank under or in connection with such any Letter of Credit Issued for the account of such Borrower when such amounts are due and payable, irrespective of any claim, setoff, defense or other right which that such Borrower may have at any time against such any Issuing Bank or any other Person.

Appears in 1 contract

Samples: Credit Agreement (Hexcel Corp /De/)

Payment of Reimbursement Obligations. (i) Each i)The Borrower for whose account a Letter of Credit has been Issued unconditionally agrees to pay to each Issuing Bank Bank, in Dollars, the amount of all Reimbursement Obligations, interest and other amounts payable to such Issuing Bank under or in connection with such the related Letter of Credit Reimbursement Agreement and the Letter of Credit issued pursuant thereto when such amounts are due and payable, irrespective of any claim, setoff, defense or other right which such the Borrower may have at any time against such any Issuing Bank or any other Person.

Appears in 1 contract

Samples: Credit Agreement (Foamex Capital Corp)

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Payment of Reimbursement Obligations. (i) Each i)The applicable Borrower for whose account a Letter of Credit has been Issued unconditionally agrees to pay to each the applicable Issuing Bank the amount of all Reimbursement Obligations, interest and other amounts payable to such Issuing Bank under or in connection with such each Letter of Credit Issued by such Issuing Bank for the ​ ​ account of such Borrower when such amounts are due and payable, irrespective of any claim, setoff, defense or other right which such Borrower may have at any time against such Issuing Bank or any other Person.

Appears in 1 contract

Samples: Multicurrency Credit Agreement (Ecolab Inc.)

Payment of Reimbursement Obligations. (i) Each The Borrower for whose account a Letter of Credit has been Issued unconditionally agrees to pay to each the Issuing Bank Bank, in Dollars, the amount of all Reimbursement Obligations, interest and other amounts payable to such the Issuing Bank under or in connection with such Letter the Letters of Credit when such amounts are due and payable, irrespective of any claim, setoff, defense or other right which such the Borrower may have at any time against such the Issuing Bank or any other Person.

Appears in 1 contract

Samples: Credit Agreement (Stellex Industries Inc)

Payment of Reimbursement Obligations. (i) Each The Borrower for whose account a Letter of Credit has been Issued unconditionally agrees to pay to each Issuing Bank Bank, in Dollars, the amount of all Reimbursement Obligations, interest and other amounts payable to such Issuing Bank under or in connection with such Letter the Letters of Credit when such amounts are due and payable, irrespective of any claim, setoff, defense or other right which such the Borrower may have at any time against such any Issuing Bank or any other Person.

Appears in 1 contract

Samples: Credit Agreement (Simon Debartolo Group Inc)

Payment of Reimbursement Obligations. (i) Each The Borrower for whose account a Letter of Credit has been Issued or the applicable Qualified Borrower unconditionally agrees to pay to each Issuing Bank Bank, in Dollars, the amount of all Reimbursement Obligations, interest and other amounts payable to such Issuing Bank under or in connection with such Letter the Letters of Credit when such amounts are due and payable, irrespective of any claim, setoff, defense or other right which such the Borrower may have at any time against such any Issuing Bank or any other Person.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Washington Prime Group, L.P.)

Payment of Reimbursement Obligations. (i) Each The Borrower for whose account a Letter of Credit has been Issued or the applicable Qualified Borrower unconditionally agrees to pay to each Issuing Bank Bank, in Dollars, the amount of all Reimbursement Obligations, interest and other amounts payable to such Issuing Bank under or in connection with such Letter the Letters of Credit when such amounts are due and payable, irrespective of any claim, setoff, defense or other right which such the Borrower may have at any time against such any Issuing Bank or any other Person.

Appears in 1 contract

Samples: Credit and Term Loan Agreement (Washington Prime Group, L.P.)

Payment of Reimbursement Obligations. (i) Each Borrower for whose account a Letter of Credit has been Issued The Borrowers unconditionally agrees agree to pay to each the Issuing Bank Bank, in Dollars, the amount of all Reimbursement Obligations, interest and other amounts payable to such the Issuing Bank under or in connection with such Letter the Letters of Credit when such amounts are due and payable, irrespective of any claim, setoff, defense or other right which such Borrower the Borrowers may have at any time against such the Issuing Bank or any other Person.

Appears in 1 contract

Samples: Credit Agreement (Barneys New York Inc)

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