Common use of Sharing of Reimbursement Obligation Payments Clause in Contracts

Sharing of Reimbursement Obligation Payments. Whenever the Issuing Bank receives a payment from or on behalf of the Borrowers on account of a Reimbursement Obligation as to which the Agent has previously received for the account of the Issuing Bank payment from a Lender pursuant to this SECTION 3.7, the Issuing Bank shall promptly pay to the Agent, for the benefit of such Lender, such Lender's Commitment Percentage of the amount of such payment from the Borrowers in Dollars. Each such payment shall be made by the Issuing Bank on the Business Day on which the Issuing Bank receives immediately available funds pursuant to the immediately preceding sentence, if received prior to 11:00 a.m. on such Business Day and otherwise on the next succeeding Business Day.

Sharing of Reimbursement Obligation Payments. Whenever the Issuing Bank receives a payment from or on behalf of the Borrowers Borrower on account of a Reimbursement Obligation as to which the Agent has previously received for the account of the Issuing Bank payment from a Lender pursuant to this SECTION Section 3.7, the Issuing Bank shall promptly pay to the Agent, for the benefit of such Lender, such Lender's Commitment Percentage of the amount of such payment from the Borrowers Borrower in Dollars. Each such payment shall be made by the Issuing Bank on the Business Day on which the Issuing Bank receives immediately available funds pursuant to the immediately preceding sentence, if received prior to 11:00 a.m. 12:00 noon (Atlanta time) on such Business Day and otherwise on the next succeeding Business Day.

Sharing of Reimbursement Obligation Payments. Whenever the Issuing Bank receives a payment from or on behalf of the Borrowers on account of a Reimbursement Obligation as to which the Agent has previously received for the account of the Issuing Bank payment from a Lender pursuant to this SECTION Section 3.7, the Issuing Bank shall promptly pay to the Agent, for the benefit of such Lender, such Lender's Commitment Percentage of the amount of such payment from the Borrowers in Dollars. Each such payment shall be made by the Issuing Bank on the Business Day on which the Issuing Bank receives immediately available funds pursuant to the immediately preceding sentence, if received prior to 11:00 a.m. on such Business Day and otherwise on the next succeeding Business Day.

Sharing of Reimbursement Obligation Payments. Whenever the Issuing Bank receives a payment from or on behalf of the Borrowers on account of a Reimbursement Obligation as to which the Agent has previously received for the account of the Issuing Bank payment from a Lender pursuant to this SECTION 3.7Section 2.7, the Issuing Bank shall promptly pay to the Agent, for the benefit of such Lender, such Lender's Commitment Percentage of the amount of such payment from the Borrowers applicable Borrower in Dollars. Each such payment shall be made by the Issuing Bank on the Business Day on which the Issuing Bank receives immediately available funds pursuant to the immediately preceding sentence, if received prior to 11:00 a.m. am (Atlanta time) on such Business Day and otherwise on the next succeeding Business Day.