Common use of Obligation of Lenders Clause in Contracts

Obligation of Lenders. If Borrower fails to reimburse Issuing Lender as provided in Section 2.3(c) by the date on which reimbursement is due under that section, and funds cannot be advanced under the Revolving Facility to satisfy the reimbursement obligations, then Administrative Agent shall promptly notify each Lender of Borrower’s failure, of the date and amount paid, and of each Lender’s Commitment Percentage of the unreimbursed amount. Each Lender shall promptly and unconditionally make available to Administrative Agent in immediately available funds its Commitment Percentage of the unpaid reimbursement obligation, subject to the limitations of Section 2.1(c). Funds are due and payable to Administrative Agent before the close of business on the Business Day when Administrative Agent gives notice to each Lender of Borrower’s reimbursement failure (if notice is given before 1:00 p.m.) or on the next succeeding Business Day (if notice is given after 1:00 p.m.). All amounts payable by any Lender accrue interest after the due date at the Federal-Funds Rate from the day the applicable draft or draw is paid by Administrative Agent to (but not including) the date the amount is paid by the Lender to Administrative Agent. Upon receipt of those funds, Administrative Agent shall make them available to the Issuing Lender.

Obligation of Lenders. If Borrower fails to reimburse Issuing Lender as provided in Section 2.3(c) by the date on which reimbursement is due under that section, and funds cannot be advanced under the Revolving Facility to satisfy the reimbursement obligations, then Administrative Agent shall promptly notify each Lender of Borrower’s 's failure, of the date and amount paid, and of each Lender’s 's Commitment Percentage of the unreimbursed amount. Each Lender shall promptly and unconditionally make available to Administrative Agent in immediately available funds its Commitment Percentage of the unpaid reimbursement obligation, subject to the limitations of Section 2.1(c). Funds are due and payable to Administrative Agent before the close of business on the Business Day when Administrative Agent gives notice to each Lender of Borrower’s 's reimbursement failure (if notice is given before 1:00 p.m.) or on the next succeeding Business Day (if notice is given after 1:00 p.m.). All amounts payable by any Lender accrue interest after the due date at the Federal-Funds Rate from the day the applicable draft or draw is paid by Administrative Agent to (but not including) the date the amount is paid by the Lender to Administrative Agent. Upon receipt of those funds, Administrative Agent shall make them available to the Issuing Lender.

Obligation of Lenders. If Borrower fails to reimburse Issuing Lender as provided in Section 2.3(c2.4(c) by the date on which reimbursement is due under that section, and funds cannot be advanced under the Revolving Facility to satisfy the reimbursement obligations, then Administrative Agent shall promptly notify each Lender of Borrower’s failure, of the date and amount paid, and of each Lender’s Revolving Commitment Percentage of the unreimbursed amount. Each Lender shall promptly and unconditionally make available to Administrative Agent in immediately available funds its Revolving Commitment Percentage of the unpaid reimbursement obligation, subject to the limitations of Section 2.1(c). Funds are due and payable to Administrative Agent before the close of business on the Business Day when Administrative Agent gives notice to each Lender of Borrower’s reimbursement failure (if notice is given before 1:00 p.m.) or on the next succeeding Business Day (if notice is given after 1:00 p.m.). All amounts payable by any Lender accrue interest after the due date at the Federal-Funds Rate from the day the applicable draft or draw is paid by Administrative Agent to (but not including) the date the amount is paid by the Lender to Administrative Agent. Upon receipt of those funds, Administrative Agent shall make them available to the Issuing Lender.

Obligation of Lenders. If Borrower fails Borrowers fail to reimburse Issuing Lender Bank as provided in Section 2.3(c) by the date on which reimbursement is due under that sectionSection, and funds cannot be advanced under the Revolving Facility Section 2.1 to satisfy the reimbursement obligations, then Administrative Agent shall promptly notify each Lender of Borrower’s Borrowers’ failure, of the date and amount paid, and of each Lender’s Commitment Percentage Pro Rata Share of the unreimbursed amount. Each Lender shall promptly and unconditionally make snake available to Administrative Agent Agent, for the account of Issuing Bank, in immediately available funds its Commitment Percentage Pro Rata Share of the unpaid reimbursement obligation, subject to the limitations of Section 2.1(c2.1(d). Funds are due and payable to Administrative Agent before the close of business on the Business Day when Administrative Agent gives notice to each Lender of Borrower’s Borrowers’ reimbursement failure (if notice is given before 1:00 p.m.) or on the next succeeding Business Day (if notice is given after 1:00 p.m.p.m). All amounts payable by any Lender accrue interest after the due date at the Federal-Federal Funds Rate from the day the applicable draft or draw is paid by Administrative Agent to (but not including) the date the amount is paid by the such Lender to Administrative Agent. Upon receipt of those any such funds, Administrative Agent shall make them available to the Issuing LenderBank.

Obligation of Lenders. If Borrower fails to reimburse Issuing Lender Administrative Agent as provided in Section 2.3(c2.4(c) by the date on which reimbursement is due under that sectionwithin 24 hours after Administrative Agent's demand for reimbursement, and funds cannot be advanced under the Revolving Facility to satisfy the reimbursement obligations, then Administrative Agent shall promptly notify each Lender of Borrower’s 's failure, of the date and amount paid, and of each Lender’s 's Commitment Percentage of the unreimbursed amount. Each Lender shall promptly and unconditionally make available to Administrative Agent in immediately available funds its Commitment Percentage of the unpaid reimbursement obligation, subject to the limitations of Section 2.1(c2.2(d). Funds are due and payable to Administrative Agent before the close of business on the Business Day when Administrative Agent gives notice to each Lender of Borrower’s 's reimbursement failure (if notice is given before 1:00 p.m.) or on the next succeeding Business Day (if notice is given after 1:00 p.m.). All amounts payable by any Lender accrue interest AMENDED AND RESTATED CREDIT AGREEMENT AMERICAN NATIONAL BANK Page 26 ULTRAK OPERATING, L.P. after the due date date, and each Lender shall pay to Administrative Agent on demand interest, at the Federal-Fed Funds Rate from the day the applicable draft or draw is paid by Administrative Agent to (but not including) the date the amount is paid by the Lender to Administrative Agent. Upon receipt of those funds, Administrative Agent shall make them available to the Issuing Lender.

Obligation of Lenders. If Borrower a Company fails to reimburse Issuing Lender as provided in Section SECTION 2.3(c) by the date on which reimbursement is due under that section, and funds cannot be advanced under the Revolving Facility to satisfy the reimbursement obligations, then Administrative Agent shall promptly notify each Lender of Borrower’s such Company's failure, of the date and amount paid, and of each Lender’s 's Commitment Percentage of the unreimbursed amount. Each Lender shall promptly and unconditionally make available to Administrative Agent in immediately available funds its Commitment Percentage of the unpaid reimbursement obligation, subject to the limitations of Section 2.1(c)SECTION 2.1. Funds are due and payable to Administrative Agent before the close of business on the Business Day when Administrative Agent gives notice to each Lender of Borrower’s such Company's reimbursement failure (if notice is given before 1:00 p.m.) or on the next succeeding Business Day (if notice is given after 1:00 p.m.). All amounts payable by any Lender accrue interest after the due date at the Federal-Funds Rate from the day the applicable draft or draw is paid by Administrative Agent to (but not including) the date the amount is paid by the Lender to Administrative Agent. Upon receipt of those funds, Administrative Agent shall make them available to the Issuing Lender.

Obligation of Lenders. If Borrower fails to reimburse an Issuing Lender as provided in Section SECTION 2.3(c) by the date on which reimbursement is due under that section, and funds cannot be advanced under the Revolving Facility to satisfy the reimbursement obligations, then Administrative Agent shall promptly notify each Lender of Borrower’s 's failure, of the date and amount paid, and of each Lender’s 's Commitment Percentage of the unreimbursed amount. Each Lender shall promptly and unconditionally make available to Administrative Agent in immediately available funds its Commitment Percentage of the unpaid reimbursement obligation, subject to the limitations of Section 2.1(cSECTION 2.1(C). Funds are due and payable to Administrative Agent before the close of business on the Business Day when Administrative Agent gives notice to each Lender of Borrower’s 's reimbursement failure (if notice is given before 1:00 p.m.) or on the next succeeding Business Day (if notice is given after 1:00 p.m.). All amounts payable by any Lender accrue interest after the due date at the Federal-Funds Rate from the day the applicable draft or draw is paid by Administrative Agent to (but not including) the date the amount is paid by the Lender to Administrative Agent. Upon receipt of those funds, Administrative Agent shall make them available to the Issuing Lender.