Common use of to Agent Clause in Contracts

to Agent. In the event Borrower fails to fully reimburse Letter of Credit Agent for amounts disbursed under a Letter of Credit ("Letter of Credit Payment") by 12:00 Noon (Seattle time) on the date reimbursement is demanded, each Lender shall, upon receipt of notice from Agent of such failure, pay to Agent the amount of such Lender's Pro Rata Share of the face amount of such Letter of Credit Payment, provided, however, if Borrower pays a portion but less than all of the face amount of any such Letter of Credit Payment, Lenders shall pay Agent only their respective Pro Rata Shares of the difference between the face amount of the Letter of Credit Payment and the amount paid by Borrower on account of such Letter of Credit Payment. Each and every payment to be made by Lenders to Agent under this Section 10.3(a) shall be made by federal wire transfer in immediately available funds. If any Lender receives notice from Agent by 1:00 p.m. (Seattle time) on any Business Day of its obligation to make payments under this subsection, then such Lender shall make such payment no later than 2:00 p.m. (Seattle time) on the day such notice is received. If any Lender receives such notice after 1:00 p.m. (Seattle time) on any Business Day, then such Lender shall make such payment by no later than 1:00 p.m. (Seattle time) on the next succeeding Business Day. If any Lender fails to make such payment by the date and time required, its obligation shall bear interest from and including the date when such payment was due until paid at the per annum rate equal to the Federal Funds Rate.

to Agent. In the event Borrower Borrowers fails to fully reimburse Letter of Credit Agent for amounts disbursed under a Letter of Credit ("Letter of Credit Payment") by 12:00 Noon (Seattle time) on the date reimbursement is demanded, each Lender shall, upon receipt of notice from Agent of such failure, pay to Agent the amount of such Lender's Revolving Loan Pro Rata Share of the face amount of such Letter of Credit Payment, providedPROVIDED, howeverHOWEVER, if Borrower pays Borrowers pay a portion but less than all of the face amount of any such Letter of Credit Payment, Lenders shall pay Agent only their respective Revolving Loan Pro Rata Shares of the difference between the face amount of the Letter of Credit Payment Payment, as the case may be, and the amount paid by Borrower Borrowers on account of such Letter of Credit Payment. Each and every payment to be made by Lenders to Agent under this Section 10.3(a) shall be made by federal wire transfer in immediately available funds. If any Lender receives notice from Agent by 1:00 p.m. (Seattle time) on any Business Day of its obligation to make payments under this subsectionsubSection, then such Lender shall make such payment no later than 2:00 p.m. (Seattle time) on the day such notice is received. If any Lender receives such notice after 1:00 p.m. (Seattle time) on any Business Day, then such Lender shall make such payment by no later than 1:00 p.m. (Seattle time) on the next succeeding Business Day. If any Lender fails to make such payment by the date and time required, its obligation shall bear interest from and including the date when such payment was due until paid at the per annum rate equal to the Federal Funds Rate.

to Agent. In the event Borrower Borrowers fails to fully reimburse Letter of Credit Agent for amounts disbursed under a Letter of Credit ("Letter of Credit Payment") by 12:00 Noon (Seattle time) on the date reimbursement is demanded, each Lender shall, upon receipt of notice from Agent of such failure, pay to Agent the amount of such Lender's Revolving Loan Pro Rata Share of the face amount of such Letter of Credit Payment, providedPROVIDED, howeverHOWEVER, if Borrower pays Borrowers pay a portion but less than all of the face amount of any such Letter of Credit Payment, Lenders shall pay Agent only their respective Revolving Loan Pro Rata Shares of the difference between the face amount of the Letter of Credit Payment Payment, as the case may be, and the amount paid by Borrower Borrowers on account of such Letter of Credit Payment. Each and every payment to be made by Lenders to Agent under this Section 10.3(a) shall be made by federal wire transfer in immediately available funds. If any Lender receives notice from Agent by 1:00 p.m. (Seattle time) on any Business Day of its obligation to make payments under this subsection, then such Lender shall make such payment no later than 2:00 p.m. (Seattle time) on the day such notice is received. If any Lender receives such notice after 1:00 p.m. (Seattle time) on any Business Day, then such Lender shall make such payment by no later than 1:00 p.m. (Seattle time) on the next succeeding Business Day. If any Lender fails to make such payment by the date and time required, its obligation shall bear interest from and including the date when such payment was due until paid at the per annum rate equal to the Federal Funds Rate.