Common use of Payment to Lenders Clause in Contracts

Payment to Lenders. Whenever the Issuing Bank receives a payment in respect of a Reimbursement Obligation as to which the Agent has received, for the account of the Issuing Bank, any payments from the Revolving Lenders pursuant to Section 4.5, the Issuing Bank will promptly pay to the Agent, and the Agent will promptly pay to each Revolving Lender that has paid its pro rata share thereof, in immediately available funds, an amount equal to such Lender's ratable share (based on the proportionate amount funded by such Lender to the aggregate amount funded by all Revolving Lenders) of such Reimbursement Obligation.

Payment to Lenders. Whenever the Issuing Bank receives a payment in respect of a Reimbursement Obligation as to which the Agent has received, for the account of the Issuing Bank, any payments from the Revolving Lenders pursuant to Section 4.5, the -7- Issuing Bank will promptly pay to the Agent, and the Agent will promptly pay to each Revolving Lender that has paid its pro rata share thereof, in immediately available funds, an amount equal to such Lender's ratable share (based on the proportionate amount funded by such Lender to the aggregate amount funded by all Revolving Lenders) of such Reimbursement Obligation.

Payment to Lenders. Whenever the Issuing Bank Lender receives a payment in respect of a Reimbursement Obligation as to which the Administrative Agent has received, for the account of the Issuing BankLender, any payments from the Revolving Lenders pursuant to Section 4.5, the Issuing Bank will promptly pay to the Agent, and the Administrative Agent will promptly pay to each Revolving Lender that has paid its pro rata share thereof, in immediately available funds, an amount equal to such Revolving Lender's ’s ratable share (based on the proportionate amount funded by such Revolving Lender to the aggregate amount funded by all Revolving Lenders) of such Reimbursement Obligation.

Payment to Lenders. Whenever the Issuing Bank Lender receives a payment in respect of a Reimbursement Obligation as to which the Agent has received, for the account of the Issuing BankLender, any payments from the Revolving Lenders pursuant to Section 4.53.5, the Issuing Bank Lender will promptly pay to the Agent, and the Agent will promptly pay to each Revolving Lender that has paid its pro rata share thereof, in immediately available funds, an amount equal to such Lender's ratable share (based on the proportionate amount funded by such Lender to the aggregate amount funded by all Revolving Lenders) of such Reimbursement Obligation.