Reimbursement Obligations of Lenders Sample Clauses

Reimbursement Obligations of Lenders. Each Applicable Lender severally agrees that it shall be absolutely liable, without regard to the occurrence of any Default or Event of Default or any other condition precedent whatsoever, to the extent of such Lender’s applicable Commitment Percentage, to reimburse the Issuing Lender in Dollars on demand for the amount of each draft paid by the Issuing Lender under each applicable Letter of Credit to the extent that such amount is not reimbursed by GWI pursuant to §5.3 (such agreement for a Lender being called herein the “Letter of Credit Participation” of such Lender).
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Reimbursement Obligations of Lenders. Each Revolving Credit Lender severally agrees that it shall be absolutely and unconditionally liable, without regard to the occurrence of any Default or Event of Default or any other condition precedent or circumstance whatsoever, including (A) any setoff, counterclaim, recoupment, defense or other right which such Revolving Credit Lender may have against the L/C Issuer, the Borrower or any other Person for any reason whatsoever or (B) any other occurrence, event or condition, whether or not similar to any of the foregoing, to the extent of such Revolving Credit Lender’s Commitment Percentage, to reimburse the L/C Issuer through the Administrative Agent on demand for the amount of each draft paid by the L/C Issuer under each Letter of Credit to the extent that such amount is not reimbursed by the Borrower pursuant to §4.2 (such agreement for a Lender being called herein the “Letter of Credit Participation” of such Lender).
Reimbursement Obligations of Lenders. Each Lender severally agrees that it shall be absolutely liable, without regard to the occurrence of any Default or Event of Default or any other condition precedent whatsoever, to the extent of such Lender’s Commitment Percentage of such amount, to reimburse the Administrative Agent on demand for the amount of each draft paid by the Administrative Agent under each Letter of Credit to the extent that such amount is not reimbursed by the Borrower pursuant to §3.2 (such agreement for a Lender being called herein the “Letter of Credit Participation” of such Lender). All actions taken by the Administrative Agent pursuant to the provisions of this §3 shall be conclusive and binding on the Lenders absent the Administrative Agent’s gross negligence or willful misconduct. Unless the Administrative Agent, prior to its issuing, extending or renewing any Letter of Credit pursuant to this §3, shall have received from a Lender a written notice identifying any applicable condition precedent set forth in §10 which is not then satisfied, such Lender’s obligation to reimburse the Administrative Agent with respect to drawings under such Letter of Credit pursuant to §3.3 shall be unconditional, continuing, irrevocable and absolute and shall not be affected by any circumstances, including, without limitation, (i) any set-off, counterclaim, recoupment, defense or other right which such Lender may have against the Administrative Agent or any other Person, (ii) the occurrence or continuance of any Default or Event of Default, (iii) any adverse change in the condition (financial or otherwise) of the Borrower, or (iv) any other circumstance, happening or event whatsoever. (e)
Reimbursement Obligations of Lenders. Each Lender severally agrees that it shall be absolutely liable, without regard to the occurrence of any Default or Event of Default or any other condition precedent whatsoever, to the extent of such Lender's Commitment Percentage, to reimburse the Administrative Agent on demand for the amount of each draft paid by the Administrative Agent under each Letter of Credit to the extent that such amount is not reimbursed by the Borrower pursuant to Section 5.2 (such agreement for a Lender being called herein the "Letter of Credit Participation" of such Lender).
Reimbursement Obligations of Lenders. (a) Each Tranche A Lender and each Tranche B Lender severally agrees that it shall be absolutely liable, without regard to the occurrence of any Default or Event of Default or any other condition precedent whatsoever, to the extent of such Lender’s Tranche A Commitment Percentage or Tranche B Commitment Percentage, as the case may be, to reimburse the Fronting Bank on demand for the amount of each draft paid by the Fronting Bank under each Fronted Letter of Credit, required to be funded by it, to the extent that such amount is not reimbursed by Mont Re pursuant to §2.2.5 (such agreement for a Lender being called herein the “Letter of Credit Participation” of such Lender).
Reimbursement Obligations of Lenders. By the issuance of a Letter of Credit (or an amendment to a Letter of Credit increasing the amount thereof) by an LC Issuer, and without any further action on the part of such LC Issuer or the Lenders, such LC Issuer hereby grants to each Lender, and each Lender hereby acquires from such LC Issuer, a participation in such Letter of Credit equal to such Lender’s Commitment Percentage of the aggregate amount available to be drawn under such Letter of Credit. Each Lender (other than the LC Issuer) severally agrees that it shall be absolutely liable, without regard to the occurrence of any Default or Event of Default or any other condition precedent whatsoever, to the extent of such Lender’s Commitment Percentage, to reimburse the LC Issuer on demand for the amount of each draft paid by the LC Issuer under each Letter of Credit to the extent that such amount is not reimbursed by the Domestic Borrowers pursuant to Section 4.2 (such agreement for a Lender being called herein the “Letter of Credit Participation” of such Lender).
Reimbursement Obligations of Lenders. Each Revolving Credit Lender severally agrees that it shall be absolutely liable, without regard to the occurrence of any Default or Event of Default or any other condition precedent whatsoever or to the delivery of Cash Collateral in respect of any Extended Letter of Credit, to the extent of such Lender’s Revolving Credit Commitment Percentage, to reimburse the Administrative Agent on demand for the amount of each draft paid by the Administrative Agent under each Letter of Credit to the extent that such amount is not reimbursed by the Borrowers pursuant to §5.6 (such agreement for a Revolving Credit Lender being called herein the “Letter of Credit Participation” of such Lender).
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Reimbursement Obligations of Lenders. Each Lender severally agrees that it shall be absolutely liable, without regard to the occurrence of any Default or Event of Default or any other condition precedent whatsoever, to the extent of such Lender's Commitment Percentage, to reimburse the Administrative Agent on demand for the amount of each draft paid by the Issuing Bank under each Letter of Credit issued for the account of the Borrower or Quaker Textile and each payment made by the Administrative Agent to the Issuing Bank under the LC Guaranty relating to any Letter of Credit issued for the account of the Borrower or Quaker Textile to the extent that such amount is not reimbursed by the Borrower pursuant to ss.4.2 (such agreement by a Lender being called herein the "Letter of Credit Participation" of such Lender).
Reimbursement Obligations of Lenders. Each Lender severally agrees that it shall be absolutely liable, without regard to the occurrence of any Default or Event of Default or any other condition precedent whatsoever, to the extent of such Lender’s Tranche A Commitment Percentage, to reimburse the Issuing Lender by payment to the Administrative Agent on demand by the Issuing Lender for the amount of each draft paid by the Issuing Lender under each Letter of Credit to the extent that such amount is not reimbursed by the Borrower pursuant to §4.2 (such agreement for a Lender being called herein the “Letter of Credit Participation” of such Lender).
Reimbursement Obligations of Lenders. Each Lender severally agrees that it shall be absolutely liable, without regard to the occurrence of any Default or Event of Default or any condition precedent other than that set forth in the proviso to this Section 5.1.4, to reimburse the Issuing Bank or the Administrative Agent, as the case may be, on demand, to the extent of such Lender's Commitment Percentage, for the amount of each draft paid by the Issuing Bank or the Administrative Agent under each Letter of Credit to the extent that such amount is not reimbursed by TransTechnology pursuant to Section 5.2 (such agreement for a Lender being called herein the "LETTER OF CREDIT PARTICIPATION" of such Lender) PROVIDED, HOWEVER, that to the extent that any Letter of Credit shall have been issued by the Issuing Bank during the continuance of an Event of Default of which the Issuing Bank had prior written notice, then the Lenders shall only be liable to reimburse the Issuing Bank or the Administrative Agent, as applicable, in accordance with this Section 5.1.4 with respect to any draft under such Letter of Credit paid by the Issuing Bank or the Administrative Agent and not reimbursed by TransTechnology if the issuance of such Letter of Credit shall have been approved by the Majority Lenders pursuant to and in accordance with Section 5.1.1 above.
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