Common use of Reimbursement and Participations Clause in Contracts

Reimbursement and Participations. (a) The Borrower hereby unconditionally agrees to pay to the Issuing Bank immediately on demand at the Principal Office all amounts required to pay all drafts drawn or purporting to be drawn under the Letters of Credit and all reasonable expenses incurred by the Issuing Bank in connection with the Letters of Credit, and in any event and without demand to place in possession of the Issuing Bank (which shall include Advances under the Revolving Credit Facility if permitted by SECTION 2.1 and Swing Line Loans if permitted by SECTION 2.4) sufficient funds to pay all debts and liabilities arising under any Letter of Credit. The Issuing Bank agrees to give the Borrower prompt notice of any request for a draw under a Letter of Credit. The Issuing Bank may charge any account the Borrower may have with it for any and all amounts the Issuing Bank pays under a Letter of Credit, plus charges and reasonable expenses as from time to time agreed to by the Issuing Bank and the Borrower; provided that to the extent permitted by SECTION 2.1(c)(iii) and SECTION 2.4, amounts shall be paid pursuant to Advances under the Revolving Credit Facility or, if the Borrower shall elect, by Swing Line Loans. The Borrower agrees to pay the Issuing Bank interest on any Reimbursement Obligations not paid when due hereunder at the Default Rate.

Appears in 4 contracts

Samples: Credit Agreement, Credit Agreement (Gencorp Inc), Credit Agreement (Omnova Solutions Inc)

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Reimbursement and Participations. (a) The Borrower hereby unconditionally agrees to pay to the Issuing Bank immediately on demand at the Principal Office all amounts required to pay all drafts drawn under the Letters of Credit or documents purporting to be drawn under the Letters of Credit and all reasonable expenses incurred by the Issuing Bank in connection with the Letters of Credit, and in any event and without demand to place in possession of the Issuing Bank (which shall include Advances under the Revolving Credit Facility if permitted by SECTION 2.1 and Swing Line Loans if permitted by SECTION 2.4Section 2.1) sufficient funds to pay all debts and liabilities arising under any Letter of Credit. The Issuing Bank agrees to give the Borrower prompt notice of any request for a draw under a Letter of Credit. The Issuing Bank may charge any account the Borrower may have with it for any and all amounts the Issuing Bank pays under a Letter of Credit, plus charges and reasonable expenses as from time to time agreed to by the Issuing Bank and the Borrower; provided that to the extent permitted by SECTION Section 2.1(c)(iii) and SECTION 2.4), amounts shall be paid pursuant to Advances under the Revolving Credit Facility or, if the Borrower shall elect, by Swing Line LoansFacility. The Borrower agrees to pay the Issuing Bank interest on any Reimbursement Obligations not paid when due hereunder either directly by the Borrower or through Advances at the Default Rate.

Appears in 2 contracts

Samples: Credit Agreement (P F Changs China Bistro Inc), Credit Agreement (P F Changs China Bistro Inc)

Reimbursement and Participations. (a) The Borrower hereby unconditionally agrees to pay to the Issuing Bank immediately on demand at the Principal Office all amounts required to pay all drafts drawn or purporting to be drawn under the Letters of Credit and all reasonable expenses incurred by the Issuing Bank in connection with the Letters of Credit, and in any event and without demand to place in possession of the Issuing Bank (which shall include Advances under the Revolving Credit Facility if permitted by SECTION 2.1 Section 2.2 and Swing Line Loans if permitted by SECTION 2.4Section 2.5) sufficient funds to pay all debts and liabilities arising under any Letter of Credit. The Issuing Bank agrees to give the Borrower prompt notice of any request for a draw under a Letter of Credit. The Issuing Bank may charge any account the Borrower may have with it for any and all amounts the Issuing Bank pays under a Letter of Credit, plus charges and reasonable expenses as from time to time agreed to by the Issuing Bank and the Borrower; provided that to the extent permitted by SECTION 2.1(c)(iiiSection 2.2(c)(iii) and SECTION 2.4Section 2.5, amounts shall be paid pursuant to Advances under the Revolving Credit Facility or, if the Borrower shall elect, by Swing Line Loans. The Borrower agrees to pay the Issuing Bank interest on any Reimbursement Obligations not paid when due hereunder at the Default Rate.

Appears in 2 contracts

Samples: Credit Agreement (Uti Corp), Credit Agreement (Uti Corp)

Reimbursement and Participations. (a) The Borrower hereby unconditionally agrees to pay to the Issuing Bank immediately on demand at the Principal Office all amounts required to pay all drafts drawn or purporting to be drawn under the Letters of Credit and all reasonable expenses incurred by the Issuing Bank in connection with the Letters of Credit, and in any event and without demand to place in possession of the Issuing Bank (which shall include Advances under the Revolving Credit Facility if permitted by SECTION Section 2.1 and Swing Line Loans if permitted by SECTION Section 2.4) sufficient funds to pay all debts and liabilities arising under any Letter of Credit. The Issuing Bank agrees to give the Borrower prompt notice of any request for a draw under a Letter of Credit. The Issuing Bank may charge any account the Borrower may have with it for any and all amounts the Issuing Bank pays under a Letter of Credit, plus charges and reasonable expenses as from time to time agreed to by the Issuing Bank and the Borrower; provided that to the extent permitted by SECTION Section 2.1(c)(iii) and SECTION Section 2.4, amounts shall be paid pursuant to Advances under the Revolving Credit Facility or, if the Borrower shall elect, by Swing Line Loans. The Borrower agrees to pay the Issuing Bank interest on any Reimbursement Obligations not paid when due hereunder at the Default Rate.

Appears in 2 contracts

Samples: Credit Agreement (Covenant Transport Inc), Credit Agreement (Covenant Transport Inc)

Reimbursement and Participations. (a) The Borrower SEI hereby unconditionally agrees to pay to the Issuing Bank immediately on demand at the Principal Office all amounts required to pay all drafts drawn or purporting to be drawn under the Letters of Credit and all reasonable expenses incurred by the Issuing Bank in connection with the Letters of Credit, and in any event and without demand to place in possession of the Issuing Bank (which shall include Advances under the Revolving Credit Facility if permitted by SECTION 2.1 Section 2.3 and Swing Line Loans if permitted by SECTION 2.4Section 2.6) sufficient funds to pay all debts and liabilities arising under any Letter of Credit. The Issuing Bank agrees to give the Borrower SEI prompt notice of any request for a draw under a Letter of Credit. The If SEI does not make prompt payment upon demand, the Issuing Bank may charge any account the Borrower SEI may have with it for any and all amounts the Issuing Bank pays under a Letter of Credit, plus charges and reasonable expenses as from time to time agreed to by the Issuing Bank and the BorrowerSEI; provided that to the extent permitted by SECTION 2.1(c)(iiiSection 2.3(c)(iii) and SECTION 2.4Section 2.6, such amounts shall be paid pursuant to Advances under the Revolving Credit Facility or, if the Borrower SEI shall elect, by Swing Line Loans. The Borrower SEI agrees to pay the Issuing Bank interest on any Reimbursement Obligations not paid when due hereunder at the Default Rate.

Appears in 1 contract

Samples: Credit Agreement (Stewart Enterprises Inc)

Reimbursement and Participations. (a) The Borrower hereby unconditionally agrees to pay to the Issuing Bank immediately on demand at the Principal Office all amounts required to pay all drafts drawn or purporting to be drawn under the Letters of Credit and all reasonable expenses incurred by the Issuing Bank in connection with the Letters of Credit, and in any event and without demand to place in possession of the Issuing Bank (which shall include Advances under the Revolving Credit Three Year Facility if permitted by SECTION Section 2.1 and Swing Line Loans if permitted by SECTION Section 2.4) sufficient funds to pay all debts and liabilities arising under any Letter of Credit. The Issuing Bank agrees to give the Borrower prompt notice of any request for a draw under a Letter of Credit. The Issuing Bank may charge any account the Borrower may have with it for any and all amounts the Issuing Bank pays under a Letter of Credit, plus charges and reasonable expenses as from time to time agreed to by the Issuing Bank and the Borrower; provided that to the extent permitted by SECTION 2.1(c)(iiiSection 2.1(d)(iii) and SECTION Section 2.4, amounts shall be paid pursuant to Advances under the Revolving Credit Three Year Facility or, if the Borrower shall elect, by Swing Line Loans. The Borrower agrees to pay the Issuing Bank interest on any Reimbursement Obligations not paid when due hereunder at the Default Rate.

Appears in 1 contract

Samples: Credit Agreement (Rexall Sundown Inc)

Reimbursement and Participations. (a) The Borrower Each Applicant hereby unconditionally agrees to pay to the Issuing Bank immediately on demand on the same Business Day, at the Principal Office of the Agent, all amounts required to pay all drafts drawn or purporting to be drawn under the Letters of Credit and all reasonable expenses incurred requested by the Issuing Bank in connection with the Letters of Creditsuch Applicant, and in any event and without demand to place by placing in possession of the Issuing Bank (which shall include Advances under the Revolving Credit US Facility if permitted by SECTION 2.1 and Swing Line Base Rate Refunding Loans if permitted by SECTION 2.4Section 2.01(b)(vi) hereof) sufficient funds to pay all debts and liabilities Reimbursement Obligations arising under any such Letter of Credit. The Issuing Bank agrees to give the Borrower Applicants prompt notice of any request for a draw under a Letter of Credit. The Issuing Bank may charge any account the Borrower either Applicant may have with it for any and all amounts the Issuing Bank pays under a Letter of Credit, plus charges and reasonable expenses as from time to time agreed to by the Issuing Bank and the BorrowerApplicants; provided that that, to the extent permitted by SECTION 2.1(c)(iiiSection 2.01(b)(vi) and SECTION 2.4hereof, amounts drawn under a Letters of Credit (including an Offshore Letter of Credit) shall be paid pursuant to Advances under the Revolving Credit US Facility or, if the Borrower shall elect, by Swing Line Base Rate Refunding Loans. The Borrower Each Applicant agrees to pay the Issuing Bank interest on any Reimbursement Obligations as to Letters of Credit issued for such Applicant not paid when due hereunder at the Default Rate.

Appears in 1 contract

Samples: Credit Agreement (Technitrol Inc)

Reimbursement and Participations. (a) The Borrower hereby unconditionally agrees to pay to the each Issuing Bank Bank, respectively, immediately on demand at the Principal Office all amounts required to pay all drafts drawn or purporting to be drawn under the Letters of Credit issued by such Issuing Bank and all reasonable expenses incurred by the such Issuing Bank in connection with the such Letters of Credit, and in any event and without demand to place in possession of the each Issuing Bank (which shall include Advances under the Revolving Credit Facility if permitted by SECTION 2.1 Section 2.2 and Swing Line Loans if permitted by SECTION 2.4Section 2.5) sufficient funds to pay all debts and liabilities arising under any Letter of CreditCredit issued thereby. The Each Issuing Bank agrees to give the Borrower prompt notice of any request for a draw under a Letter of Credit. The Each Issuing Bank may charge any account the Borrower may have with it for any and all amounts the such Issuing Bank pays under a Letter of Credit, plus charges and reasonable expenses as from time to time agreed to by the such Issuing Bank and the Borrower; provided that to the extent permitted by SECTION 2.1(c)(iiiSection 2.2(c)(iii) and SECTION 2.4Section 2.5, amounts shall be paid pursuant to Advances under the Revolving Credit Facility or, if the Borrower shall elect, by Swing Line Loans. The Borrower agrees to pay the Issuing Bank Banks interest on any Reimbursement Obligations not paid when due hereunder at the Default Rate.

Appears in 1 contract

Samples: Security Agreement (Ameristeel Corp)

Reimbursement and Participations. (a) The Borrower hereby unconditionally agrees to pay to the Issuing Bank immediately on demand at the Principal Office all amounts required to pay all drafts drawn or purporting to be drawn under the Letters of Credit and all reasonable expenses incurred by the Issuing Bank in connection with the Letters of Credit, and in any event and without demand to place in possession of the Issuing Bank (which shall include Advances under the Five Year Revolving Credit Facility if permitted by SECTION 2.1 and Swing Line Loans if permitted by SECTION 2.4Section 2.1) sufficient funds to pay all debts and liabilities arising under any Letter of Credit. The Issuing Bank agrees to give the Borrower prompt notice of any request for a draw under a Letter of Credit. The Issuing Bank may charge any account the Borrower may have with it for any and all amounts the Issuing Bank pays under a Letter of Credit, plus charges and reasonable expenses as from time to time agreed to by the Issuing Bank and the Borrower; provided that to the extent permitted by SECTION 2.1(c)(iii) and SECTION 2.4Section 2.4(c), amounts shall be paid pursuant to Advances under the Five Year Revolving Credit Facility or, if the Borrower shall elect, by Swing Line LoansFacility. The Borrower agrees to pay the Issuing Bank interest on any Reimbursement Obligations not paid when due hereunder at the Default Rate.

Appears in 1 contract

Samples: Credit Agreement (Health Management Associates Inc)

Reimbursement and Participations. (a) The Borrower hereby unconditionally agrees to pay to the Issuing Bank immediately on demand at the Principal Office all amounts required to pay all drafts drawn or purporting to be drawn under the Letters of Credit and all reasonable out-of-pocket expenses incurred by the Issuing Bank in connection with the Letters of Credit, and in any event and without demand to place in possession of the Issuing Bank (which shall include Advances under the Revolving Credit Facility if permitted by SECTION 2.1 Section 2.02 and Swing Line Loans if permitted by SECTION 2.4Section 2.13) sufficient ------------ ------------ funds to pay all debts and liabilities arising under any Letter of Credit. The Issuing Bank agrees to give the Borrower prompt notice of any request for a draw under a Letter of Credit. The Issuing Bank may charge any account the Borrower may have with it for any and all amounts the Issuing Bank pays under a Letter of Credit, plus charges and reasonable expenses as from time to time agreed to by the Issuing Bank and the Borrower; provided that to the extent permitted by SECTION 2.1(c)(iiiSection 2.01(c)(iv) and SECTION 2.4Section 2.13, amounts shall be paid pursuant to ------------------- ------------ Advances under the Revolving Credit Facility or, if the Borrower shall elect, by Swing Line Loans. The Borrower agrees to pay the Issuing Bank interest on any Reimbursement Obligations not paid when due hereunder at the Default Rate.

Appears in 1 contract

Samples: Revolving Credit Agreement (Acsys Inc)

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Reimbursement and Participations. (a) The Borrower for whose account a Letter of Credit has been issued hereby unconditionally agrees to pay to the Issuing Bank immediately on demand at the Principal Office (i) in Dollars with respect to Letters of Credit issued in Dollars, and (ii) in the applicable Alternative Currency, in the case of Letters of Credit issued in Alternative Currencies all amounts required to pay all drafts drawn or purporting to be drawn under the such Letters of Credit and all reasonable expenses incurred by the Issuing Bank in connection with the Letters of Credit, and in any event and without demand to place in possession of the Issuing Bank (which shall include Advances under the Revolving Credit Facility if permitted by SECTION 2.1 and Swing Line Loans if permitted by SECTION 2.42.5) sufficient funds to pay all debts and liabilities drawings arising under any Letter of Credit. The Issuing Bank agrees to give the Borrower Borrowers prompt notice of any request for a draw under a Letter of Credit. The Issuing Bank may charge any account To the Borrower may have with it for any extent permitted by SECTION 2.1(c)(iii) and SECTION 2.5, all amounts the Issuing Bank pays under a Letter of Credit, plus charges and reasonable expenses as from time to time agreed to by the Issuing Bank and the Borrower; provided that to the extent permitted by SECTION 2.1(c)(iii) and SECTION 2.4, amounts Borrower shall be paid pursuant to Advances under the Revolving Credit Facility or, if the Borrower shall elect, by Swing Line Loans. The Borrower agrees Borrowers agree to pay the Issuing Bank interest on any Reimbursement Obligations not paid when due hereunder at the Default Rate.

Appears in 1 contract

Samples: Credit Agreement (Sensormatic Electronics Corp)

Reimbursement and Participations. (a) The Borrower hereby unconditionally agrees to pay to the each Issuing Bank Bank, respectively, immediately on demand at the Principal Office all amounts required to pay all drafts drawn or purporting to be drawn under the Letters of Credit issued by such Issuing Bank and all reasonable expenses incurred by the such Issuing Bank in connection with the Letters of Credit, and in any event and without demand to place in possession of the Issuing Bank (which shall include Advances under the Revolving Credit Facility if permitted by SECTION 2.1 and Swing Line Loans if permitted by SECTION 2.4) sufficient funds to pay all debts and liabilities arising under any Letter of Credit. The Each Issuing Bank agrees to give the Borrower prompt notice of any request for a draw under a Letter of Credit. The Each Issuing Bank may charge any account the Borrower may have with it for any and all amounts the such Issuing Bank pays under a Letter of Credit, plus charges and reasonable expenses as from time to time agreed to by the such Issuing Bank and the Borrower; provided that to the extent permitted by SECTION 2.1(c)(iii) and SECTION 2.4, amounts shall be paid pursuant to Advances under the Revolving Credit Facility or, if the Borrower shall elect, by Swing Line Loans. The Borrower agrees to pay the Issuing Bank interest on any Reimbursement Obligations not paid when due hereunder at the Default Rate.

Appears in 1 contract

Samples: Credit Agreement (Wackenhut Corp)

Reimbursement and Participations. (a) The Borrower hereby Borrowers hereby, jointly and severally, unconditionally agrees agree to pay to the Issuing Bank immediately on demand at the Principal Office all amounts required to pay all drafts drawn or purporting to be drawn under the Letters of Credit and all reasonable expenses incurred by the Issuing Bank in connection with the Letters of Credit, and in any event and without demand to place in possession of the Issuing Bank (which shall include Advances under the Revolving Credit Facility if permitted by SECTION 2.1 Section 2.2 and Swing Line Loans if permitted by SECTION 2.4Section 2.5) sufficient funds to pay all debts and liabilities arising under any Letter of Credit. The Issuing Bank agrees to give the Borrower Borrowers prompt notice of any request for a draw under a Letter of Credit. The Issuing Bank may charge any account the Borrower Borrowers may have with it for any and all amounts the Issuing Bank pays under a Letter of Credit, plus charges and reasonable expenses as from time to time agreed to by the Issuing Bank and the BorrowerBorrowers; provided that to the extent permitted by SECTION 2.1(c)(iiiSection 2.2(c)(iii) and SECTION 2.4Section 2.5, amounts shall be paid pursuant to Advances under the Revolving Credit Facility or, if the Borrower Borrowers shall elect, by Swing Line Loans. The Borrower agrees Borrowers agree to pay the Issuing Bank interest on any Reimbursement Obligations not paid when due hereunder at the Default Rate.

Appears in 1 contract

Samples: Credit Agreement (Pepsiamericas Inc)

Reimbursement and Participations. (a) The Borrower hereby unconditionally agrees to pay to the Issuing Bank immediately on demand at the Principal Office all amounts required to pay all drafts drawn or purporting to be drawn under the Letters of Credit and all reasonable expenses incurred by the Issuing Bank in connection with the Letters of Credit, and in any event and without demand to place in possession of the Issuing Bank (which shall include Advances under the Revolving Credit Facility if permitted by SECTION 2.1 and Swing Line Loans if permitted by SECTION 2.4Section 2.1) sufficient funds to pay all debts and liabilities arising under any Letter of Credit. The Issuing Bank agrees to give the Borrower prompt notice of any request for a draw under a Letter of Credit. The Issuing Bank may charge any account the Borrower may have with it for any and all amounts the Issuing Bank pays under a Letter of Credit, plus charges and reasonable expenses as from time to time agreed to by the Issuing Bank and the Borrower; provided that to the extent permitted by SECTION Section 2.1(c)(iii) and SECTION Section 2.4, amounts shall be paid pursuant to Advances under the Revolving Credit Facility or, if the Borrower shall elect, by Swing Line LoansFacility. The Borrower agrees to pay the Issuing Bank interest on any Reimbursement Obligations not paid when due hereunder at the Default Rate.

Appears in 1 contract

Samples: Credit Agreement (Cone Mills Corp)

Reimbursement and Participations. (a) The Borrower hereby unconditionally agrees to pay to the Issuing Bank immediately on demand at the Principal Office all amounts required to pay all drafts drawn or purporting to be drawn under the Letters of Credit and all reasonable expenses incurred by the Issuing Bank in connection with the Letters of Credit, and in any event and without demand to place in possession of the Issuing Bank (which shall include Advances under the Revolving Credit Facility if permitted by SECTION 2.1 and Swing Line Loans if permitted by SECTION 2.4Section 2.1) sufficient funds to ----------- pay all debts and liabilities arising under any Letter of Credit. The Issuing Bank agrees to give the Borrower prompt notice of any request for a draw under a Letter of Credit. The Issuing Bank may charge any account the Borrower may have with it for any and all amounts the Issuing Bank pays under a Letter of Credit, plus charges and reasonable expenses as from time to time agreed to by the Issuing Bank and the Borrower; provided that to the extent permitted by SECTION Section 2.1(c)(iii) and SECTION Section 2.4, ------------------- ----------- amounts shall be paid pursuant to Advances under the Revolving Credit Facility or, if the Borrower shall elect, by Swing Line LoansFacility. The Borrower agrees to pay the Issuing Bank interest on any Reimbursement Obligations not paid when due hereunder at the Default Rate.

Appears in 1 contract

Samples: Credit Agreement (Cone Mills Corp)

Reimbursement and Participations. (a) The Borrower hereby unconditionally agrees to pay to the Issuing Bank immediately on demand at the Principal Office all amounts required to pay all drafts drawn or purporting to be drawn under the Letters of Credit and all reasonable expenses incurred by the Issuing Bank in connection with the Letters of Credit, and in any event and without demand to place in possession of the Issuing Bank (which shall include Advances under the Revolving Credit Facility if permitted by SECTION 2.1 Section 2.2 and Swing Line Loans if permitted by SECTION 2.4Section 2.5) sufficient funds to pay all debts and liabilities arising under any Letter of Credit. The Issuing Bank agrees to give the Borrower prompt notice of any request for a draw under a Letter of Credit. The Issuing Bank may charge any account the Borrower may have with it for any and all amounts the Issuing Bank pays under a Letter of Credit, plus charges and reasonable expenses as from time to time agreed to by the Issuing Bank and the Borrower; provided that to the extent permitted by SECTION 2.1(c)(iiiSection 2.2(c)(iii) and SECTION 2.4Section 2.5, amounts shall be paid pursuant to Advances under the Revolving Credit Facility or, if the Borrower shall elect, by Swing Line Loans. The Borrower agrees to pay the Issuing Bank interest on any Reimbursement Obligations not paid when due hereunder at the Default Rate.

Appears in 1 contract

Samples: Credit Agreement (Insteel Industries Inc)

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