REIMBURSEMENT FOR DRAWINGS Sample Clauses

REIMBURSEMENT FOR DRAWINGS. Borrower will reimburse Lender for any drawing under a Letter of Credit on the day on which payment of such drawing is made by Lender unless otherwise agreed to in writing by the Lender. All payments hereunder will be made in United States Dollars and as to any drafts or acceptances payable in currency other than United States Dollars, Borrower will pay Lender the equivalent of the amount paid by Lender in United States Dollars. Equivalent United States Dollar amounts will be determined at the selling rate of exchange then offered at the time of payment by Lender for cable transfers to the place of payment in the currency in which the acceptance or draft is payable, plus any payments made by Lender to comply with any governmental exchange regulations applicable to the purchase of such foreign currency. All delinquent reimbursement payments will bear interest at the Default Rate.
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REIMBURSEMENT FOR DRAWINGS. The Borrower hereby agrees to pay to the Bank immediately after (and on the same Business Day as) any amount is drawn under the Letter of Credit pursuant to any Interest Drawing, Partial Redemption Drawing or Final Drawing or pursuant to any Tender Drawing (but as to a Tender Drawing, except as otherwise provided below, only to the extent that such drawing represents accrued interest on the Bonds), a sum equal to the amount so drawn. The Borrower also agrees to pay to the Bank, with respect to any Tender Drawing as to which the conditions contained in Subsection 3(d) are not fulfilled, any amount drawn under the Letter of Credit pursuant to such Tender Drawing, such amount to be paid to the Bank immediately after and on the same Business Day as such drawing. All amounts payable under this Subsection 2(c) shall bear interest from the date on which any such amount became payable until paid in full, at the rate provided in clause (iv) of Subsection 2(a), payable on demand.
Sample 1
REIMBURSEMENT FOR DRAWINGS. The Borrower for whom a Letter of Credit is -------------------------- issued shall reimburse the applicable Issuing Lender of such Letter of Credit for any draft or other legitimate claim paid under such Letter of Credit within one Business Day following the date of such payment. Such Borrower shall, to the extent of availability under the Total Commitments, effect such payment with the proceeds of a Revolving Loan (which shall be entirely a Base Rate Advance) made to the Borrower for whose account the Letter of Credit was issued in the amount of such payment (whether or not any request therefor has been made by such Borrower), which Revolving Loan shall at such time be made and applied to payment of reimbursement of such drawing without any notice by or consent of the applicable Borrower (except that no such Revolving Loan shall be required to be made by the Lenders to the extent prevented by Applicable Law or following any Event of Default of the type described in (S) 11.1(f) or 11.1(g) hereof, in which case the Borrower shall nevertheless be obligated to make such payment), and shall be repayable, together with interest thereon, in accordance with the provisions of Section 2 hereof; provided, however, that no such Revolving Loan ----------------- shall be made if, after giving effect thereto, the aggregate unpaid principal amount of the Revolving Loans shall together with the then outstanding Letter of Credit Usage (after giving effect to the reimbursement of such Letter of Credit with the proceeds of such Revolving Loan) exceed the Total Commitments, and provided further that no such Foreign Revolving Loan shall be made if, after ---------------- giving effect thereto, the aggregate unpaid principal amount of the Foreign Revolving Loans to the applicable Foreign Borrower shall together with the then outstanding Foreign Letter of Credit Usage of such Foreign Borrower (after giving effect to the reimbursement of such Letter of Credit with the proceeds of such Revolving Loan) exceed the Borrowing Limit for such Foreign Borrower. The applicable Issuing Lender shall, notwithstanding the foregoing, be entitled to the benefits of the provisions of (S)3.5 hereof as to purchases of participations in such Letter of Credit, but only after the date that such reimbursement shall have become due and payable. The applicable Issuing Lender shall promptly notify the Agent, the other Lenders and the applicable Borrower in writing or by telephone confirmed promptly in w...
Sample 1
REIMBURSEMENT FOR DRAWINGS. Except as otherwise provided in Section 4(g) IAC hereby promises to immediately pay to and reimburse TIC for (or, at TIC’s election, to pay to and reimburse the issuer of any IAC LC directly for) any and all drawings under the IAC LCs.
Sample 1
REIMBURSEMENT FOR DRAWINGS. Each time that a Drawing is made under the Letter of Credit to pay the principal of and interest on maturing Notes, the City, after the Bank has honored such Drawing, shall reimburse the Bank, for the full amount of such Drawing by causing the Issuing and Paying Agent to wire transfer to the Bank amounts in the Note Payment Fund held by the Issuing and Paying Agent, which represent (i) the proceeds of refunding Notes issued to refund maturing Notes and‌
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REIMBURSEMENT FOR DRAWINGS. Borrower will reimburse Lender for any drawing under a Letter of Credit on the day on which payment of such drawing is
Sample 1
REIMBURSEMENT FOR DRAWINGS. Borrower will reimburse Lender for any drawing under a Letter of Credit on the day on which payment of such drawing is made by Lender. All payments hereunder will be made in United States Dollars and as to any drafts or acceptances payable in currency other than United States Dollars, Borrower will pay Lender the equivalent of the amount paid by Lender in United States Dollars. Equivalent United States Dollar amounts will be determined at the selling rate of exchange then offered at the time of payment by Lender for cable transfers to the place of payment in the currency in which the acceptance or draft is payable, plus any payments made by Lender to comply with any governmental exchange regulations applicable to the purchase of such foreign currency. All delinquent reimbursement payments will bear interest at the Default Rate. Prior the institution of a controlled disbursement account arrangement between Borrower and Lender, to the extent that Funds are available in any account of Borrower at Lender, Lender will debit such account to pay for any drawing under a Letter of Credit; and if sums are not available in any such accounts, to the extent that sums are available under the Total Facility, Lender will make a Prime Rate Advance (as defined in the Revolving Credit Note) under the Revolving Credit Note in the amount of any drawing under a Letter of Credit and apply the proceeds of such revolving credit loan to such payment
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Related to REIMBURSEMENT FOR DRAWINGS

  • Reimbursement for Advances If the Fund requires the Custodian to advance cash or securities for any purpose including the purchase or sale of foreign exchange or of contracts for foreign exchange, or in the event that the Custodian or its nominee shall incur or be assessed any taxes, charges, expenses, assessments, claims or liabilities in connection with the performance of this Contract, except such as may arise from its or its nominee's own negligent action, negligent failure to act or willful misconduct, any property at any time held for the account of the Fund shall be security therefor and should the Fund fail to repay the Custodian promptly, the Custodian shall be entitled to utilize available cash and to dispose of the Fund assets to the extent necessary to obtain reimbursement.

  • REIMBURSEMENT FOR MILEAGE AND INSURANCE 1. An employee who is required by their employer to use their private vehicle for school district related purposes shall receive reimbursement of: Effective July 1, 2019 $ 0.56 c/Km Effective July 1, 2020 $ 0.57 c/Km Effective July 1, 2021 $ 0.58 c/Km

  • Determinations to Honor Drawing Requests In determining whether to honor any request for drawing under any Letter of Credit by the beneficiary thereof, the Issuing Lender shall be responsible only to determine that the documents and certificates required to be delivered under such Letter of Credit have been delivered and that they comply on their face with the requirements of such Letter of Credit.

  • Determination to Honor Drawing Request In determining whether to honor any request for drawing under any Letter of Credit by the beneficiary thereof, Agent shall be responsible only to determine that the documents and certificates required to be delivered under such Letter of Credit have been delivered and that they comply on their face with the requirements of such Letter of Credit and that any other drawing condition appearing on the face of such Letter of Credit has been satisfied in the manner so set forth.

  • Reimbursement for Services Rendered If this Agreement is held to be invalid for any reason, and the Practice is required to refund fees, You agree to pay the Practice an amount equal to the fair market value of the medical services You received during the time period for which the refunded fees were paid.

  • Disbursements, Reimbursement Immediately upon the issuance of each Letter of Credit, each Lender shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from the Issuing Lender a participation in such Letter of Credit and each drawing thereunder in an amount equal to such Lender’s Ratable Share of the maximum amount available to be drawn under such Letter of Credit and the amount of such drawing, respectively.

  • Reimbursement of Travel Expenses If the Servicer provides access to the Review Materials at one of its properties, the Issuer will reimburse the Asset Representations Reviewer for its reasonable travel expenses incurred in connection with the Review on receipt of a detailed invoice.

  • Reimbursement of Costs City may reimburse Consultant’s out-of-pocket costs incurred by Consultant in the performance of the Required Services if negotiated in advance and included in Exhibit A. Unless specifically provided in Exhibit A, Consultant shall be responsible for any and all out-of-pocket costs incurred by Consultant in the performance of the Required Services.

  • Reimbursement Amount Except for the metropolitan areas listed below, the maximum reimbursement for meals including tax and gratuity, shall be: Breakfast $ 9.00 Lunch $11.00 Dinner $16.00 For the following metropolitan areas the maximum reimbursement shall be: Breakfast $11.00 Lunch $13.00 Dinner $20.00 The metropolitan areas are: Atlanta Boston Cleveland Denver Hartford Kansas City Miami New York City Portland, OR San Francisco St. Louis Baltimore Chicago Dallas/Fort Worth Detroit Houston Los Angeles New Orleans Philadelphia San Diego Seattle Washington D.C. See Appendix L for details related to the boundaries of the above-mentioned metropolitan areas. The metropolitan areas also include any location outside the forty-eight (48) contiguous United States. Employees who meet the eligibility requirements for two (2) or more consecutive meals shall be reimbursed for the actual costs of the meals up to the combined maximum reimbursement amount for the eligible meals.

  • Meal Reimbursement 1. If an employee is required to work one and one-half (1-1/2) hours before or beyond his/her normal working day or on overtime for emergency purposes or for extended work periods of five (5) or more hours in length on a day that is not the employee’s regular work day, and the employee is not exercising flexible work hours, the employee shall be reimbursed for the actual cost of a meal/food items not to exceed $18.00, plus tip (not to exceed 15%) and applicable taxes. Reimbursement is contingent upon the employee providing receipts.

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