Common use of Reimbursement Obligations of Lenders Clause in Contracts

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).

Appears in 6 contracts

Samples: Syndicated Facility Agreement (Genesee & Wyoming Inc), Revolving Credit and Term Loan Agreement (Genesee & Wyoming Inc), Credit Agreement (Genesee & Wyoming Inc)

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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 respective Issuing Lender in Dollars Bank on demand for the amount of each draft paid by the such Issuing Lender Bank under each applicable Letter of Credit to the extent that such amount is not reimbursed by GWI the Borrower pursuant to §5.3 4.2 (such agreement for a Lender being called herein the “Letter of Credit Participation” of such Lender).

Appears in 4 contracts

Samples: Revolving Credit Agreement (SeaCube Container Leasing Ltd.), Revolving Credit Agreement (SeaCube Container Leasing Ltd.), Revolving Credit Agreement (SeaCube Container Leasing Ltd.)

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 's Revolving Credit Commitment Percentage, to reimburse the Issuing Lender in Dollars Administrative Agent on demand for the amount of each draft paid by the Issuing Lender Administrative Agent under each applicable Letter of Credit to the extent that such amount is not reimbursed by GWI the Borrowers pursuant to §5.3 5.6 (such agreement for a Lender being called herein the "Letter of Credit Participation" of such Lender).

Appears in 3 contracts

Samples: Credit Agreement (Sovran Acquisition LTD Partnership), Revolving Credit and Term Loan Agreement (Sovran Self Storage Inc), Credit Agreement (Sovran Self Storage Inc)

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 's 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 the Borrower pursuant to §5.3 Section 4.2 (such agreement for a Lender being called herein the “Letter of Credit Participation” "LETTER OF CREDIT PARTICIPATION" of such Lender).

Appears in 3 contracts

Samples: Revolving Credit Agreement (Coach Inc), Revolving Credit Agreement (Coach Inc), Revolving Credit Agreement (Timberland Co)

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 Fronting Bank on demand pursuant to §3.3 for the amount of each draft paid by the Issuing Lender Fronting Bank under each applicable Letter of Credit to the extent that such amount is not reimbursed by GWI the Borrower pursuant to §5.3 3.2 (such agreement for a Lender being called herein the “Letter of Credit Participation” of such Lender).

Appears in 3 contracts

Samples: Credit Agreement (Mack Cali Realty L P), Revolving Credit Agreement (Mack Cali Realty L P), Credit Agreement (Mack Cali Realty L P)

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 Administrative Agent on demand for the amount of each draft paid by the Issuing Lender Administrative Agent under each applicable Letter of Credit to the extent that such amount is not reimbursed by GWI the Borrowers pursuant to §5.3 5.2 (such agreement for a Lender being called herein the “Letter of Credit Participation” of such Lender).

Appears in 2 contracts

Samples: Credit Agreement (Crystal Rock Holdings, Inc.), Credit Agreement (Vermont Pure Holdings LTD/De)

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 's Commitment Percentage, to reimburse the Issuing Lender in Dollars Administrative Agent on demand for the amount of each draft paid by the Issuing Lender Administrative Agent under each applicable Letter of Credit to the extent that such amount is not reimbursed by GWI the Borrower pursuant to §5.3 (S)4.2 (such agreement for a Lender being called herein the "Letter of Credit Participation" of such Lender).

Appears in 2 contracts

Samples: Revolving Credit Agreement (Barnes Group Inc), Revolving Credit Agreement (Lifeline Systems Inc)

Reimbursement Obligations of Lenders. (a) 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, Percentage to reimburse the Issuing Lender in Dollars Fronting Bank on demand for the amount of each draft paid by the Issuing Lender Fronting Bank under each applicable Fronted Letter of Credit Credit, required to be funded by it, to the extent that such amount is not reimbursed by GWI the Borrower pursuant to §5.3 2.2.5 (such agreement for a Lender being called herein the “Letter of Credit Participation” of such Lender).

Appears in 2 contracts

Samples: Assignment and Assumption (Montpelier Re Holdings LTD), Reimbursement and Pledge Agreement (Montpelier Re Holdings LTD)

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 's Commitment Percentage, to -50- reimburse the Issuing Lender in Dollars Fronting Bank on demand pursuant to Section 3.3 for the amount of each draft paid by the Issuing Lender Fronting Bank under each applicable Letter of Credit to the extent that such amount is not reimbursed by GWI the Borrower pursuant to §5.3 Section 3.2 (such agreement for a Lender being called herein the “Letter of Credit Participation” "LETTER OF CREDIT PARTICIPATION" of such Lender).

Appears in 2 contracts

Samples: Revolving Credit Agreement (Mack Cali Realty L P), Revolving Credit Agreement (Mack Cali Realty Corp)

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 's Commitment Percentage, to reimburse the Issuing Lender in Dollars Administrative Agent on demand for the amount of each draft paid by the Issuing Lender Administrative Agent under each applicable Letter of Credit to the extent that such amount is not reimbursed by GWI the Borrower pursuant to §5.3 Section 4.2 (such agreement for a Lender being called herein the “Letter of Credit Participation” "LETTER OF CREDIT PARTICIPATION" of such Lender).

Appears in 2 contracts

Samples: Revolving Credit Agreement (Keane Inc), Revolving Credit Agreement (Friendly Ice Cream Corp)

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 Revolving Credit Commitment Percentage, to reimburse the Issuing Lender in Dollars Administrative Agent on demand for the amount of each draft paid by the Issuing Lender Administrative Agent under each applicable Letter of Credit to the extent that such amount is not reimbursed by GWI the Borrowers pursuant to §5.3 5.2 (such agreement for a Lender being called herein the “Letter of Credit Participation” of such Lender).

Appears in 2 contracts

Samples: Revolving Credit Agreement (McCormick & Schmicks Seafood Restaurants Inc.), Revolving Credit Agreement (McCormick & Schmick Holdings, L.L.C.)

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 's Commitment Percentage, to reimburse the Issuing Lender in Dollars Agent on demand for the amount of each draft paid by the Issuing Lender Agent under each applicable Letter of Credit to the extent that such amount is not reimbursed by GWI the Domestic Borrowers pursuant to §5.3 Section 6.2 (such agreement for a Lender being called herein the "Letter of Credit Participation" of such Lender).

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Russell-Stanley Holdings Inc)

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 's Revolver A 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 the Borrower pursuant to §5.3 Section 4.2 (such agreement for a Lender being called herein the "Letter of Credit Participation" of such Lender).

Appears in 1 contract

Samples: Multicurrency Revolving Credit Agreement (Lexmark International Inc /Ky/)

Reimbursement Obligations of Lenders. Each Applicable 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, to the extent of such Lender’s applicable 's Commitment Percentage, to reimburse the any Issuing Lender in Dollars Bank on demand for the amount of each draft paid by the such Issuing Lender Bank under each applicable Letter of Credit to the extent that such amount is not reimbursed by GWI the Borrowers pursuant to §5.3 Section 4.2 (such agreement for a Lender being called herein the "Letter of Credit Participation" of such Lender).

Appears in 1 contract

Samples: Multicurrency Revolving Credit Agreement (Borders Group Inc)

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 's Commitment Percentage, to reimburse the Issuing Lender in Dollars Bank on demand for the amount of each draft paid by the Issuing Lender Bank under each applicable Letter of Credit to the extent that such amount is not reimbursed by GWI the Borrowers pursuant to §5.3 ss.5.2 (such agreement for a Lender being called herein the "Letter of Credit Participation" of such Lender).

Appears in 1 contract

Samples: Credit and Term Loan Agreement (Century Aluminum Co)

Reimbursement Obligations of Lenders. (a) 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, Applicable Percentage to reimburse the Issuing Lender in Dollars Fronting Bank on demand for the amount of each draft paid by the Issuing Lender Fronting Bank under each applicable Fronted Letter of Credit Credit, required to be funded by it, to the extent that such amount is not reimbursed by GWI the Borrower pursuant to §5.3 Section 2.2.5 (such agreement for a Lender being called herein the “Letter of Credit Participation” of such Lender).

Appears in 1 contract

Samples: Reimbursement and Pledge Agreement (Montpelier Re Holdings LTD)

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 's Commitment Percentage, to reimburse the Issuing Lender in Dollars Fronting Bank on demand pursuant to ss.3.3 for the amount of each draft paid by the Issuing Lender Fronting Bank under each applicable Letter of Credit to the extent that such amount is not reimbursed by GWI the Borrower pursuant to §5.3 ss.3.2 (such agreement for a Lender being called herein the "Letter of Credit Participation" of such Lender).

Appears in 1 contract

Samples: Revolving Credit Agreement (Mack Cali Realty Corp)

Reimbursement Obligations of Lenders. (a) 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, Percentage to reimburse the Issuing Lender in Dollars Fronting Bank on demand for the amount of each draft paid by the Issuing Lender Fronting Bank under each applicable Fronted Letter of Credit Credit, required to be funded by it, to the extent that such amount is not reimbursed by GWI Mont Re pursuant to §5.3 2.2.5 (such agreement for a Lender being called herein the “Letter of Credit Participation” of such Lender).

Appears in 1 contract

Samples: Credit Agreement (Montpelier Re Holdings LTD)

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 applicable Issuing Lender in Dollars Bank on demand for the amount of each draft paid by the such Issuing Lender Bank under each applicable Letter of Credit to the extent that such amount is not reimbursed by GWI the Borrower pursuant to §5.3 Section 1.07(b) (such agreement for a Lender being called herein the “Letter of Credit Participation” of such Lender).

Appears in 1 contract

Samples: Secured Revolving Credit Agreement (California Steel Industries Inc)

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 's Commitment Percentage, to reimburse the Issuing Lender in Dollars Bank on demand for the amount of each draft paid by the Issuing Lender Bank under each applicable Letter of Credit to the extent that such amount is not reimbursed by GWI the Borrowers pursuant to §5.3 ss. 4.2 (such agreement for a Lender being called herein the "Letter of Credit Participation" of such Lender).

Appears in 1 contract

Samples: Multicurrency Revolving Credit Agreement (Borders Group Inc)

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 Lenders Commitment Percentage, to reimburse the Issuing Lender in Dollars Administrative Agent 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 the Borrower pursuant to §5.3 4.2 (such agreement for a Lender being called herein the Letter of Credit Participation” Participation of such Lender).

Appears in 1 contract

Samples: Revolving Credit Agreement (Jumpking Inc)

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 Letter of Credit Commitment Percentage, to reimburse the Issuing Lender in Dollars each L/C Issuer on demand for the amount of each draft paid by the Issuing Lender such L/C Issuer under each applicable Letter of Credit to the extent that such amount is not reimbursed by GWI the Borrowers pursuant to §5.3 5.2 (such agreement for a Lender being called herein the “Letter of Credit Participation” of such Lender).

Appears in 1 contract

Samples: Possession Credit Agreement (Real Mex Restaurants, Inc.)

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 's 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 the Borrower pursuant to §5.3 Section 4.2 (such agreement for a Lender being called herein the "Letter of Credit Participation" of such Lender).

Appears in 1 contract

Samples: Revolving Credit Agreement (Coach Inc)

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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 's Commitment PercentagePercentage of such amount, to reimburse the Issuing Lender in Dollars Administrative Agent on demand for the amount of each draft paid by the Issuing Lender Administrative Agent under each applicable Letter of Credit to the extent that such amount is not reimbursed by GWI the Borrower pursuant to §5.3 Section 3.2 (such agreement for a Lender being called herein the "Letter of Credit Participation" of such Lender).

Appears in 1 contract

Samples: Revolving Credit Agreement (United States Cellular Corp)

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 Administrative Agent on demand for the amount of each draft paid by the Issuing Lender Administrative Agent under each applicable Letter of Credit to the extent that such amount is not reimbursed by GWI the Domestic Borrower pursuant to §5.3 § 5.2 (such agreement for a Lender being called herein the “Letter of Credit Participation” of such Lender).

Appears in 1 contract

Samples: Revolving Credit Agreement (McCormick & Schmicks Seafood Restaurants Inc.)

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 PercentagePercentage of the Total Commitment, to reimburse the Issuing Lender in Dollars Administrative Agent on demand for the amount of each draft paid by the Issuing Lender Administrative Agent under each applicable Letter of Credit to the extent that such amount is not reimbursed by GWI the Borrower pursuant to §5.3 2.9.6 (such agreement for a Lender being called herein the “Letter of Credit Participation” of such Lender).

Appears in 1 contract

Samples: Revolving Credit Agreement (Safety Insurance Group Inc)

Reimbursement Obligations of Lenders. Each Applicable 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, to the extent of such Lender’s applicable Revolving Credit Commitment Percentage, to reimburse the Issuing Lender in Dollars applicable Fronting Bank on demand pursuant to §3.3 for the amount of each draft paid by the Issuing Lender such Fronting Bank under each applicable Letter of Credit to the extent that such amount is not reimbursed by GWI the Borrower pursuant to §5.3 3.2 (such agreement for a Revolving Credit Lender being called herein the “Letter of Credit Participation” of such Lender).

Appears in 1 contract

Samples: Credit Agreement (Mack Cali Realty L P)

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 's Commitment Percentage, to reimburse the Issuing Lender in Dollars Fronting Bank on demand pursuant to ss.3.3 for the amount of each draft paid by the Issuing Lender Fronting Bank under each applicable Letter of Credit to the extent that such amount is not reimbursed by GWI the Borrowers pursuant to §5.3 ss.3.2 (such agreement for a Lender being called herein the "Letter of Credit Participation" of such Lender).

Appears in 1 contract

Samples: Revolving Credit Agreement (Cali Realty Corp /New/)

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 's Commitment Percentage, to reimburse the Issuing Lender in Dollars Bank on demand for the amount of each draft paid by the Issuing Lender Bank under each applicable Letter of Credit to the extent that such amount is not reimbursed by GWI the Borrowers or CML pursuant to §5.3 ss.4.2 (such agreement for a Lender being called herein the “Letter of Credit Participation” "LETTER OF CREDIT PARTICIPATION" of such Lender).

Appears in 1 contract

Samples: Revolving Credit Agreement (CML Group Inc)

Reimbursement Obligations of Lenders. Each Applicable 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, to the extent of such Lender’s applicable 's Revolving Credit Commitment Percentage, to reimburse the Issuing Lender in Dollars Administrative Agent on demand for the amount of each draft paid by the Issuing Lender Administrative Agent under each applicable Letter of Credit to the extent that such amount is not reimbursed by GWI the Borrowers pursuant to §5.3 5.6 (such agreement for a Revolving Credit Lender being called herein the "Letter of Credit Participation" of such Lender).

Appears in 1 contract

Samples: Credit Agreement (Sovran Self Storage Inc)

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 Administrative Agent on demand for the amount of each draft paid by the Issuing Lender Administrative Agent under each applicable Letter of Credit to the extent that such amount is not reimbursed by GWI the Borrower pursuant to §5.3 4.2 (such agreement for a Lender being called herein the “Letter of Credit Participation” of such Lender).

Appears in 1 contract

Samples: Revolving Credit Agreement (Barnes Group Inc)

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 Administrative Agent on demand (and the Administrative Agent may apply Cash Collateral provided for this purpose) for the amount of each draft paid by the Issuing Lender Administrative Agent under each applicable Letter of Credit to the extent that such amount is not reimbursed by GWI the Domestic Borrower pursuant to §5.3 § 5.2 (such agreement for a Lender being called herein the “Letter of Credit Participation” of such Lender).

Appears in 1 contract

Samples: Revolving Credit Agreement (McCormick & Schmicks Seafood Restaurants Inc.)

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 LenderXxxxxx’s applicable Commitment PercentagePercentage of the Total Commitment, to reimburse the Issuing Lender in Dollars Administrative Agent on demand for the amount of each draft paid by the Issuing Lender Administrative Agent under each applicable Letter of Credit to the extent that such amount is not reimbursed by GWI the Borrower pursuant to §5.3 2.9.6 (such agreement for a Lender being called herein the “Letter of Credit Participation” of such Lender).

Appears in 1 contract

Samples: Credit Agreement (Safety Insurance Group Inc)

Reimbursement Obligations of Lenders. Each Applicable 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, to the extent of such Lender’s applicable 's Revolving Credit Commitment Percentage, to reimburse the Issuing Lender in Dollars Bank on demand for the amount of each draft paid by the Issuing Lender Bank under each applicable Letter of Credit to the extent that such amount is not reimbursed by GWI the Borrower pursuant to §5.3 ss.3.2 (such agreement for a Revolving Credit Lender being called herein the "Letter of Credit Participation" of such Lender).

Appears in 1 contract

Samples: Credit Agreement (Wichita Manufacturing Inc)

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 's Commitment Percentage, to reimburse the Issuing Lender in Dollars L/C Issuer on demand for the amount of each draft paid by the Issuing Lender L/C Issuer under each applicable Letter of Credit to the extent that such amount is not reimbursed by GWI the Borrower pursuant to §5.3 4.2 (such agreement for a Lender being called herein the "Letter of Credit Participation" of such Lender). 4.1.5.

Appears in 1 contract

Samples: Revolving Credit Agreement (Filenes Basement Corp)

Reimbursement Obligations of Lenders. Each Applicable 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, to the extent of such Lender’s applicable Commitment Percentage, Percentage to reimburse the any Issuing Lender in Dollars Bank on demand for the amount of each draft paid by the such Issuing Lender Bank under each applicable Letter of Credit to the extent that such amount is not reimbursed by GWI the Borrowers pursuant to §5.3 4.2 (such agreement for a Lender being called herein the “Letter of Credit Participation” of such Lender).

Appears in 1 contract

Samples: Revolving Credit Agreement (Borders Group Inc)

Reimbursement Obligations of Lenders. Each Applicable Lender severally agrees that it shall be absolutely liable, without regard to the 38 -32- occurrence of any Default or Event of Default or any other condition precedent whatsoever, to the extent of such Lender’s applicable 's Commitment Percentage, to reimburse the Issuing Lender in Dollars Agent on demand for the amount of each draft paid by the Issuing Lender Agent under each applicable Letter of Credit to the extent that such amount is not reimbursed by GWI the Borrowers pursuant to §5.3 Section 4.2 (such agreement for a Lender being called herein the "Letter of Credit Participation" of such Lender).

Appears in 1 contract

Samples: Revolving Credit Agreement (Zale Corp)

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