Common use of Reimbursement Obligation Clause in Contracts

Reimbursement Obligation. The Company is obligated, and hereby unconditionally agrees, to pay in immediately available funds to the Agent for the account of the L/C Issuers and the Banks who are participating in L/Cs pursuant to Section 1.8 hereof the face amount of each draft drawn, presented and paid by an L/C Issuer under the terms of an L/C issued by such L/C Issuer hereunder (the obligation of the Company under this Section 1.7 with respect to any L/C is a “Reimbursement Obligation”). If at any time the Company fails to pay any Reimbursement Obligation when due, the Company shall be deemed to have automatically requested a Domestic Rate Loan from the Banks hereunder, as of the maturity date of such Reimbursement Obligation, the proceeds of which Loan shall be used to repay such Reimbursement Obligation. Such Loan shall only be made if the conditions precedent contained in Section 6.3 hereof are satisfied or, if they are not satisfied, upon approval by all of the Banks, and shall be subject to availability under the Revolving Credit. If such Loan is not made by the Banks for any reason, the unpaid amount of such Reimbursement Obligation shall be due and payable to the Agent for the pro rata benefit of the Banks upon demand and shall bear interest at the rate of interest specified in Section 1.4(c)(i) hereof.

Reimbursement Obligation. The Company is obligated, and hereby unconditionally agrees, to pay in immediately available funds to the Agent for the account of the L/C Issuers Harris and the Banks who are participating in L/Cs pursuant to Section 1.8 Sectiox 0.0 hereof the face amount of each draft drawn, presented and paid by an L/C Issuer Harris under the terms of an L/C issued by such L/C Issuer Harris hereunder (the obligation oblixxxxxx of the Company under this Section 1.7 with 1.0 xxxx respect to any L/C is a “"Reimbursement Obligation”"). If at any time the Company fails to pay any Reimbursement Obligation when due, the Company shall be deemed to have automatically requested a Domestic Rate Loan from the Banks hereunder, as of the maturity date of such Reimbursement Obligation, the proceeds of which Loan shall be used to repay such Reimbursement Obligation. Such Loan shall only be made if the conditions precedent contained in Section 6.3 hereof are satisfied or, if they are not satisfied, upon approval by all of the Banks, and shall be subject to availability under the Revolving Credit. If such Loan is not made by the Banks for any reason, the unpaid amount of such Reimbursement Obligation shall be due and payable to the Agent for the pro rata benefit of the Banks upon demand and shall bear interest at the rate of interest specified in Section 1.4(c)(i) hereof.

Reimbursement Obligation. The Company is obligated, and hereby unconditionally agrees, to pay in immediately available funds to the Agent for the account of the L/C Issuers and the Banks who are participating in L/Cs pursuant to Section 1.8 hereof the face amount of each draft drawn, drawn and presented and paid under an L/C issued by an L/C Issuer under hereunder not later than 11:00 a.m. (Chicago Time) on the terms of an L/C issued by date such draft is presented for payment to such L/C Issuer hereunder (the obligation of the Company under this Section 1.7 with respect to any L/C is a “Reimbursement Obligation”). If at any time the Company fails to pay any Reimbursement Obligation when due, the Company shall be deemed to have automatically requested a Domestic Rate Loan from the Banks hereunder, as of the maturity date of such Reimbursement Obligation, the proceeds of which Loan shall be used to repay such Reimbursement Obligation. Such Loan shall only be made if the conditions precedent contained in Section 6.3 hereof are satisfied or, if they are not satisfied, no Potential Default or Event of Default shall exist and upon approval by all of the Banks, and shall be subject to availability under the Revolving Credit. If such Loan is not made by the Banks for any reason, the unpaid amount of such Reimbursement Obligation shall be due and payable to the Agent for the pro rata benefit of the Banks upon demand and shall bear interest at the rate of interest specified in Section 1.4(c)(i1.3(c) hereof.

Reimbursement Obligation. The Company Borrower is obligated, and hereby unconditionally agrees, to pay in immediately available funds to the Agent Xxxxxx for the account of the L/C Issuers Xxxxxx and the Banks who are participating in L/Cs pursuant to Section 1.8 1.7 hereof the face amount of each draft drawn, drawn and presented and paid by an L/C Issuer under the terms of an L/C issued by such L/C Issuer Xxxxxx hereunder for the Borrower's account (the obligation of the Company Borrower under this Section 1.7 1.5 with respect to any amounts drawn under any L/C is a “"Reimbursement Obligation”"). If at any time the Company Borrower fails to pay any Reimbursement Obligation when due, the Company Borrower shall be deemed to have automatically requested a Domestic Rate DIP Loan from the Banks hereunder, as of the maturity date of such Reimbursement Obligation, the proceeds of which Loan shall be used to repay such Reimbursement Obligation. Such Loan shall only be made if all of the conditions precedent contained set forth in Section 6.3 hereof are satisfied or, if they are not 6.2 of this Agreement have been satisfied, upon approval by all of the Banks, and shall be subject to availability under the Revolving Credit. If such Loan is not made by the Banks for any reason, the unpaid amount of such Reimbursement Obligation shall be due and payable to the Agent Xxxxxx for the pro rata benefit of the Banks upon demand and shall bear interest at the rate of interest specified in Section 1.4(c)(i1.3(a), unless an Event of Default has occurred then the rate of interest specified in Section 1.3(b) hereof.

Reimbursement Obligation. The Company Borrower is obligated, and hereby unconditionally agrees, to pay in immediately available funds to the Agent Xxxxxx for the account of the L/C Issuers Xxxxxx and the Banks who are participating in L/Cs pursuant to Section 1.8 1.7 hereof the face amount of each draft drawn, drawn and presented and paid by an L/C Issuer under the terms of an L/C issued by such L/C Issuer Xxxxxx hereunder for the Borrower's account (the obligation of the Company Borrower under this Section 1.7 1.5 with respect to any amounts drawn under any L/C is a “"Reimbursement Obligation”"). If at any time the Company Borrower fails to pay any Reimbursement Obligation when due, the Company Borrower shall be deemed to have automatically requested a Domestic Rate Revolving Credit Loan from the Banks hereunder, as of the maturity date of such Reimbursement Obligation, the proceeds of which Loan shall be used to repay such Reimbursement Obligation. Such Loan shall only be made if all of the conditions precedent contained set forth in Section 6.3 hereof are satisfied or, if they are not 6.2 of this Agreement have been satisfied, upon approval by all of the Banks, and shall be subject to availability under the Revolving Credit. If such Loan is not made by the Banks for any reason, the unpaid amount of such Reimbursement Obligation shall be due and payable to the Agent Xxxxxx for the pro rata benefit of the Banks upon demand and shall bear interest at the rate of interest specified in Section 1.4(c)(i1.3(a), unless an Event of Default has occurred then the rate of interest specified in Section 1.3(b) hereof.

Reimbursement Obligation. The Company is obligated, and hereby unconditionally agrees, to pay in immediately available funds to the Agent for the account of the L/C Issuers and the Banks who are participating in L/Cs pursuant to Section 1.8 hereof the face amount of each draft drawn, drawn and presented and paid under an L/C issued by an L/C Issuer under hereunder not later than 11:00 a.m. (Chicago Time) on the terms of an L/C issued by date such draft is presented for payment to such L/C Issuer hereunder (the obligation of the Company under this Section 1.7 with respect to any L/C is a “Reimbursement Obligation”). If at any time the Company fails to pay any Reimbursement Obligation when due, the Company shall be deemed to have automatically requested a Domestic Rate Loan from the Banks hereunder, as of the maturity date of such Reimbursement Obligation, the proceeds of which Loan shall be used to repay such Reimbursement Obligation. Such Loan shall only be made if the conditions precedent contained in Section 6.3 hereof are satisfied or, if they are not satisfied, no Potential Default or Event of Default shall exist and upon approval by all of the Banks, and shall be subject to availability under the Revolving Credit. If such Loan is not made by the Banks for any reason, the unpaid amount of such Reimbursement Obligation shall be due and payable to the Agent for the pro rata benefit of the Banks upon demand and shall bear interest at the rate of interest specified in Section 1.4(c)(i1.3(c)(iii) hereof.

Reimbursement Obligation. The Company Borrower is obligated, and hereby unconditionally agrees, to pay in immediately available funds to the Agent Xxxxxx for the account of the L/C Issuers Xxxxxx and the Banks who are participating in L/Cs pursuant to Section 1.8 hereof the face amount of each draft drawn, drawn and presented and paid by an L/C Issuer under the terms of an L/C issued by such L/C Issuer Xxxxxx hereunder for the Borrower's account (the obligation of the Company Borrower under this Section 1.7 1.6 with respect to any L/C is a “"Reimbursement Obligation”"). If at any time the Company Borrower fails to pay any Reimbursement Obligation when due, the Company Borrower shall be deemed to have automatically requested a Domestic Rate Revolving Credit Loan from the Banks hereunder, as of the maturity date of such Reimbursement Obligation, the proceeds of which Loan shall be used to repay such Reimbursement Obligation. Such Loan shall only be made if all of the conditions precedent contained set forth in Section 6.3 hereof are satisfied or, if they are not 6.2 of this Agreement have been satisfied, upon approval by all of the Banks, and shall be subject to availability under the Revolving Credit. If such Loan is not made by the Banks for any reason, the unpaid amount of such Reimbursement Obligation shall be due and payable to the Agent Xxxxxx for the pro rata benefit of the Banks upon demand and shall bear interest at the rate of interest specified in Section 1.4(c)(i1.3(a), unless an Event of Default has occurred then the rate of interest specified in Section 1.3(d)(i) hereof.

Reimbursement Obligation. The Company is obligated, and hereby unconditionally agrees, to pay in immediately available funds to the Agent for the account of the L/C Issuers Harris and the Banks who are participating paxxxxxxating in L/Cs pursuant to Section 1.8 hereof the face amount of each draft drawn, drawn and presented and paid by an L/C Issuer under the terms of an L/C issued by Harris hereunder not later than 00:00 a.m. (Chicago Time) on the date such L/C Issuer hereunder draft is presented for payment to Harris (the obligation of the Company Cxxxxxx under this Section 1.7 with respect to any L/C is a “Reimbursement Obligation”"REIMBURSEMENT OBLIGATION"). If at any time the Company fails to pay any Reimbursement Obligation when due, the Company shall be deemed to have automatically requested a Domestic Rate Loan from the Banks hereunder, as of the maturity date of such Reimbursement Obligation, the proceeds of which Loan shall be used to repay such Reimbursement Obligation. Such Loan shall only be made if the conditions precedent contained in Section 6.3 hereof are satisfied or, if they are not satisfied, no Potential Default or Event of Default shall exist and upon approval by all of the Banks, and shall be subject to availability under the Revolving Credit. If such Loan is not made by the Banks for any reason, the unpaid amount of such Reimbursement Obligation shall be due and payable to the Agent for the pro rata benefit of the Banks upon demand and shall bear interest at the rate of interest specified in Section 1.4(c)(i1.3(d) hereof.

Reimbursement Obligation. The Company and each Qualified Subsidiary for whose account an L/C is obligatedissued hereunder are obligated pursuant to the relevant L/C Agreement, and the Company hereby unconditionally agrees, to pay in immediately available funds to the Agent for the account of the L/C Issuers and the Banks who are participating in L/Cs pursuant to Section 1.8 hereof the Harrxx xxx face amount of (i) each B/A created by Harrxx xxxeunder not later than 11:00 A.M. (Chicago Time) on the maturity date of such B/A, and (ii) each draft drawn, drawn and presented and paid by an L/C Issuer under the terms of an L/C issued by such L/C Issuer hereunder Harrxx xxxeunder (the obligation of the Company under this Section 1.7 1.6 with respect to any B/A or L/C is a “"Reimbursement Obligation”" ). If at any time the Company or a Qualified Subsidiary fails to pay any Reimbursement Obligation when due, the Company shall be deemed to have automatically requested a Domestic Rate Loan from the Banks hereunder, as of the maturity date of such Reimbursement Obligation, the proceeds of which Loan shall be used to repay such Reimbursement Obligation. Such Loan shall only be made if the conditions precedent contained in Section 6.3 hereof are satisfied or, if they are not satisfied, no Potential Default or Event of Default shall exist and upon approval by all of the Banks, and shall be subject to availability under the Revolving Credit. If such Loan is not made by the Banks for any reason, the unpaid amount of such Reimbursement Obligation shall be due and payable to the Agent for the pro rata benefit of the Banks upon Harrxx xxxn demand and shall bear interest at the rate of interest specified in Section 1.4(c)(i1.3(c) hereof.. "

Reimbursement Obligation. The Company is obligated, and hereby unconditionally agrees, to pay in immediately available funds to the Agent for the account of the L/C Issuers and the Banks who are participating in L/Cs pursuant to Section 1.8 hereof the face amount of Bank each draft drawn, drawn and presented and paid by an L/C Issuer under the terms of an L/C issued by the Bank hereunder not later than 11:00 a.m. (Chicago time) on the date such L/C Issuer hereunder draft is presented for payment to the Bank (the obligation of the Company under this Section 1.7 1.6 with respect to any L/C is a “"Reimbursement Obligation”"). The Bank's determination of whether a draft or other request for payment under an L/C complies with the terms of such L/C shall be made in a commercially reasonable manner. If at any time the Company fails to pay any Reimbursement Obligation when due, the Company shall be deemed to have automatically requested a Domestic Rate Revolving Credit Loan from the Banks Bank hereunder, as of the maturity date of such Reimbursement Obligation, the proceeds of which Loan loan shall be used to repay such Reimbursement Obligation. Such Loan shall only be made if no Default or Event of Default shall exist and the other conditions precedent contained set forth in Section 6.3 6.1 hereof are satisfied or, if they are not satisfied, upon approval by all of the Banks, and shall be subject to availability under the Revolving Credit. If such Loan is not made by the Banks for any reasonBank pursuant to this Agreement, the unpaid amount of such Reimbursement Obligation shall be due and payable to the Agent for the pro rata benefit of the Banks Bank upon demand and shall bear interest at the default rate of interest specified in Section 1.4(c)(i) 2.2 hereof.

Reimbursement Obligation. The Company is obligated, and hereby unconditionally agrees, to pay in immediately available funds to the Agent for the account of the L/C Issuers and the Banks who are participating in L/Cs pursuant to Section 1.8 hereof the face amount of Issuer each draft drawn, drawn and presented and paid by an L/C Issuer under the terms of an L/C issued by such L/C the Issuer hereunder not later than the date such draft is presented for payment to the Issuer (the obligation of the Company under this Section 1.7 1.6 with respect to any L/C is a “"Reimbursement Obligation”"). The Issuer's determination of whether a draft or other request for payment under an L/C complies with the terms of such L/C shall be made in a commercially reasonable manner. If at any time the Company fails to pay any Reimbursement Obligation when due, the Company shall be deemed to have automatically requested a Domestic Rate Revolving Credit Loan from the Banks hereunder, as of the maturity date of such Reimbursement Obligation, the proceeds of which Loan loan shall be used to repay such Reimbursement Obligation. Such Loan loan shall only be made if no Default or Event of Default shall exist and the other conditions precedent contained set forth in Section 6.3 6 hereof are satisfied or, if they are not satisfied, upon approval by all of the Banks, and shall be subject to availability under the Revolving CreditCredit Commitment. If such Loan loan is not made by the Banks for any reasonpursuant to this Agreement, the unpaid amount of such Reimbursement Obligation shall be due and payable to the Agent for the pro rata benefit of the Banks Issuer upon demand and shall bear interest at the default rate of interest specified in Section 1.4(c)(i) 2.2 hereof.

Reimbursement Obligation. The Company Each Borrower is obligated, and hereby unconditionally jointly and severally agrees, to pay in immediately available funds to the Agent Xxxxxx for the account of the L/C Issuers Xxxxxx and the Banks who are participating in L/Cs pursuant to Section 1.8 hereof the face amount of each draft drawn, drawn and presented and paid by an L/C Issuer under the terms of an L/C issued by such L/C Issuer Xxxxxx hereunder for any Borrower's account (the obligation of the Company Borrowers under this Section 1.7 1.6 with respect to any L/C is a “"Reimbursement Obligation”"). If at any time the Company any Borrower fails to pay any Reimbursement Obligation when due, the Company such Borrower shall be deemed to have automatically requested a Domestic Rate Revolving Credit Loan from the Banks hereunder, as of the maturity date of such Reimbursement Obligation, the proceeds of which Loan shall be used to repay such Reimbursement Obligation. Such Loan shall only be made if all of the conditions precedent contained set forth in Section 6.3 hereof are satisfied or, if they are not 6.2 of this Agreement have been satisfied, upon approval by all of the Banks, and shall be subject to availability under the Revolving Credit. If such Loan is not made by the Banks for any reason, the unpaid amount of such Reimbursement Obligation shall be due and payable to the Agent Xxxxxx for the pro rata benefit of the Banks upon demand and shall bear interest at the rate of interest specified in Section 1.4(c)(i1.3(a), unless an Event of Default has occurred then the rate of interest specified in Section 1.3(d)(i) hereof.

Reimbursement Obligation. The Company is obligated, and hereby unconditionally agrees, to pay in immediately available funds to the Agent for the account of the L/C Issuers Xxxxxx and the Banks who are participating in L/Cs pursuant to Section 1.8 hereof the face amount of each draft drawn, drawn and presented and paid by an L/C Issuer under the terms of an L/C issued by Xxxxxx hereunder not later than 11:00 a.m. (Chicago Time) on the date such L/C Issuer hereunder draft is presented for payment to Xxxxxx (the obligation of the Company under this Section 1.7 with respect to any L/C is a “Reimbursement Obligation”"REIMBURSEMENT OBLIGATION"). If at any time the Company fails to pay any Reimbursement Obligation when due, the Company shall be deemed to have automatically requested a Domestic Rate Loan from the Banks hereunder, as of the maturity date of such Reimbursement Obligation, the proceeds of which Loan shall be used to repay such Reimbursement Obligation. Such Loan shall only be made if the conditions precedent contained in Section 6.3 hereof are satisfied or, if they are not satisfied, no Potential Default or Event of Default shall exist and upon approval by all of the Banks, and shall be subject to availability under the Revolving Credit. If such Loan is not made by the Banks for any reason, the unpaid amount of such Reimbursement Obligation shall be due and payable to the Agent for the pro rata benefit of the Banks upon demand and shall bear interest at the rate of interest specified in Section 1.4(c)(i1.3(d) hereof.