Reimbursement and Other Payments. (a) The Borrower hereby agrees to pay to the Agent, for the ratable accounts of the Lenders, on the date on which the Agent shall be required to pay any draft presented under any Letter of Credit, a sum (the "Reimbursement Amount") equal to: (i) the amount so paid under such Letter of Credit, plus (ii) interest on any amount remaining unpaid by the Borrower to the Lenders under clause (i) from and including the date on which such amount becomes payable pursuant to clause (i) until payment in full, payable on demand, at a per annum rate of interest equal to the rate applicable to Revolving Credit Advances. If the Borrower shall fail to pay to the Agent the Reimbursement Amount on the date on which the Agent shall be required to pay any draft presented under any Letter of Credit, the Agent shall, to the extent the Borrower has availability to request a Revolving Credit Advance, consider such failure to be a request for a Revolving Credit Advance in the amount of the Reimbursement Amount. In the event any such Loan is made pursuant to this Section 1.17.4(a), the Agent shall notify each Lender of such Lender's Revolving Loan Commitment of such Loan, and such Lender shall make available promptly to the Agent the corresponding amount of such Loan, all in accordance with Section 1.1(a) hereof. The Borrower agrees that the Agent may make any such Loan, and each Lender agrees to deliver such Lender's Revolving Loan Commitment of such Loan, even if the making of such Loan causes the outstanding balance of all Loans to exceed the limits set forth in Section 1.1(a) hereof, and the Borrower further agree that the making of such Loan by the Agent in excess of the limits set forth in Section 1.1(a) hereof shall constitute an automatic Default hereunder, entitling the Agent and the Lenders to exercise all rights and remedies available to them under the Lender Documents and applicable law.
Reimbursement and Other Payments. Except as otherwise provided in Section 3.3 below, the Borrower shall pay to the Bank:
Reimbursement and Other Payments. The Company hereby agrees to pay or cause to be paid to the Agent:
Reimbursement and Other Payments. The Borrowers agree to pay to Bank immediately upon demand of Bank (i) at the time when Bank shall pay any draft presented under any Letter of Credit, a sum equal to the amount so paid under such Letter of Credit, plus (ii) interest at the Default Rate on any amount remaining unpaid by the Borrowers to Bank under clause (i) above from such time until payment in full. If Bank is reimbursed for any draw under a Letter of Credit on the same day such draw is honored by Bank, no interest shall accrue on the reimbursement obligations arising from such draw.
Reimbursement and Other Payments. The Borrower shall pay to the Bank: --------------------------------
Reimbursement and Other Payments. Borrower agrees to pay to Bank immediately upon demand of Bank (i) at the time when Bank shall pay any draft presented under any Letter of Credit, a sum equal to the amount so paid under such Letter of Credit, plus (ii) interest at the Default Rate on any amount remaining unpaid by Borrower to Bank under clause (i) above from such time until payment in full. Notwithstanding the foregoing, so long as the conditions for Advances set forth in Section 5.2 are satisfied, and unless otherwise elected by Borrower to the contrary, each drawing under a Letter of Credit may be reimbursed by the making of a Line of Credit Loan Advance in an amount equal to such drawing.
Reimbursement and Other Payments. (a) The Company agrees to reimburse the Bank on demand in immediately available funds for each payment made by the Bank pursuant to a Credit or a draft honored by the Bank under such Credit and for each amount otherwise due to the Bank hereunder.
Reimbursement and Other Payments. (a) The Borrower hereby agrees to reimburse or pay to the Bank (to the extent not already paid) immediately and on the same Business Day on which the Bank shall be required to pay any draft presented under the Letter of Credit with respect to any Drawing a sum equal to (i) the amount paid by the Bank under the Letter of Credit and (ii) the amount of any taxes, fees, charges or other costs and expenses incurred by the Bank in connection with any payment made by the Bank under or with respect to the Letter of Credit. Notwithstanding the provisions of the immediately preceding sentence, in the event that any draw under the Letter of Credit is a Remarketing Draw, outside the control of the Borrower and such event is not an Event of Default, the Bank agrees that the Borrower will not be obliged to repay any such amounts drawn down until the earlier to occur of (i) demand upon the occurrence of an Event of Default, (ii) upon receipt of the proceeds from the resale of Bonds acquired under the Remarketing Draw or (iii) the Letter of Credit Termination Date. Interest shall accrue on all such amounts drawn down at the rate of the Base Rate plus one hundred (100) basis points and shall be paid monthly in arrears on the first Business Day of each month. In the event that the Bonds remain nonmarketable for longer than 180 days, interest shall accrue on all such amounts at the rate of the Base Rate plus one hundred and fifty (150) basis points and shall be paid monthly in arrears on the first Business Day of each month.
Reimbursement and Other Payments. The Borrower hereby agrees to pay to the Bank or as directed by the Bank:
Reimbursement and Other Payments. Borrower agrees to pay to Agent immediately upon demand of Agent or Issuing Lender for reimbursement to Issuing Lender (i) at the time when Issuing Lender shall pay any draft presented under any Letter of Credit, a sum equal to the amount so paid under such Letter of Credit, plus (ii) interest at the Default Rate on any amount remaining unpaid by Borrower to Issuing Lender under clause (i) above from such time until payment in full.
