Common use of Obligation of Lenders Clause in Contracts

Obligation of Lenders. If Borrower fails to reimburse Issuing Bank as provided in this SECTION 1.10 by the date on which reimbursement is due under such Section, and an Advance cannot be made 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 Pro Rata Share of the unreimbursed amount. Each Lender shall promptly and unconditionally make available to Administrative Agent in immediately available funds its Pro Rata Share of the unpaid reimbursement obligation. 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 12:00 noon) or on the next succeeding Business Day (if notice is given after 12:00 noon). All amounts payable by any Lender accrue interest after the due date from the day the applicable draft or draw is paid by Issuing Bank to (but not including) the date the amount is paid by such Lender to Administrative Agent at the Federal Funds Effective Rate for three (3) Business Days and thereafter at the Base Rate. Upon receipt of such funds, Administrative Agent shall make them available to Issuing Bank.

Obligation of Lenders. If Borrower fails Borrowers fail to reimburse Issuing Bank as provided in this SECTION 1.10 2.3(C) by the date on which reimbursement is due under such Sectionthat SECTION, and an Advance funds cannot be made advanced under the 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 Pro Rata Share of the unreimbursed amount. Each Lender shall promptly and unconditionally make available to Administrative Agent Agent, for the account of Issuing Bank, in immediately available funds its Pro Rata Share of the unpaid reimbursement obligation, subject to the limitations of SECTION 2.1(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 12:00 noon1:00 p.m.) or on the next succeeding Business Day (if notice is given after 12:00 noon1:00 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 Issuing Bank Administrative Agent to (but not including) the date the amount is paid by such Lender to Administrative Agent at the Federal Funds Effective Rate for three (3) Business Days and thereafter at the Base RateAgent. Upon receipt of any such funds, Administrative Agent shall make them available to Issuing Bank.

Obligation of Lenders. If Borrower fails to reimburse Issuing Bank as provided in this SECTION 1.10 2.1(e)(iii) by the date on which reimbursement is due under such SectionSECTION, and an Advance a Loan cannot be made advanced 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 Pro Rata Share of the unreimbursed amount. Each Lender shall promptly and unconditionally make available to Administrative Agent in immediately available funds its Pro Rata Share of the unpaid reimbursement obligation. 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 12:00 noon) or on the next succeeding Business Day (if notice is given after 12:00 noon). All amounts payable by any Lender accrue interest after the due date from the day the applicable draft or draw is paid by Issuing Bank Administrative Agent to (but not including) the date the amount is paid by such Lender to Administrative Agent at the Federal Funds Effective Rate customary rate set by Administrative Agent for the correction of errors among banks for three (3) Business Days and thereafter at the Base Rate. Upon receipt of such funds, Administrative Agent shall make them available to Issuing Bank.

Obligation of Lenders. If Borrower fails to reimburse Issuing Bank as provided in this SECTION 1.10 Section 2.1(e)(iii) by the date on which reimbursement is due under such Section, and an Advance a Loan cannot be made advanced to satisfy the reimbursement obligations, then Administrative Agent shall promptly notify each Lender of BorrowerXxxxxxxx's failure, of the date and amount paid, and of each Lender's Pro Rata Share Commitment Percentage of the unreimbursed amount. Each Lender shall promptly and unconditionally make available to Administrative Agent in immediately available funds its Pro Rata Share Commitment Percentage of the unpaid reimbursement obligation. 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 BorrowerXxxxxxxx's reimbursement failure (if notice is given before 12:00 noon) or on the next succeeding Business Day (if notice is given after 12:00 noon). All amounts payable by any Lender accrue interest after the due date from the day the applicable draft or draw is paid by Issuing Bank Administrative Agent to (but not including) the date the amount is paid by such Lender to Administrative Agent at the Federal Funds Effective Rate for three (3) Business Days and thereafter at the Base Rate. Upon receipt of such funds, Administrative Agent shall make them available to Issuing Bank.