Common use of Payments Pursuant to Letters of Credit Clause in Contracts

Payments Pursuant to Letters of Credit. The Borrowers agree to reimburse the Letter of Credit Issuer immediately for any draw under any Letter of Credit, and to pay the Letter of Credit Issuer the amount of all other charges and fees payable to the Letter of Credit Issuer under or in connection with any Letter of Credit immediately when due, irrespective of any claim, setoff, defense, or other right which any Borrower may have at any time against the Letter of Credit Issuer or any other Person. Each drawing under any Letter of Credit shall constitute a request by the Borrower for whose account such Letter of Credit was issued for a Borrowing of a Base Rate Revolving Loan in the amount of such drawing or payment. The Funding Date with respect to such Borrowing shall be the date of such drawing or payment.

Payments Pursuant to Letters of Credit. The Borrowers agree to reimburse immediately the Letter of Credit Issuer immediately for any draw under any Letter of CreditCredit and the Lender upon any payment pursuant to any Credit Support, and to pay the Letter of Credit Issuer the amount of all other charges and fees payable to the Letter of Credit Issuer under or in connection with any Letter of Credit immediately when due, irrespective of any claim, setoff, defense, defense or other right which any Borrower the Borrowers may have at any time against the Letter of Credit Issuer or any other Person. Each drawing under any Letter of Credit shall constitute a request by the Borrower for whose account such Letter of Credit was issued Borrowers to the Lender for a Borrowing of a Base Rate Revolving Loan in the amount of such drawing or paymentdrawing. The Funding Date with respect to such Borrowing shall be the date of such drawing or paymentdrawing.

Payments Pursuant to Letters of Credit. The Borrowers agree Borrower agrees to reimburse immediately the Letter of Credit Issuer immediately for any draw under any Letter of CreditCredit and the Lender upon any payment pursuant to any Credit Support, and to pay the Letter of Credit Issuer the amount of all other charges and fees payable to the Letter of Credit Issuer under or in connection with any Letter of Credit immediately when due, irrespective of any claim, setoff, defense, defense or other right which any the Borrower may have at any time against the Letter of Credit Issuer or any other Person. Each drawing under any Letter of Credit shall constitute a request by the Borrower for whose account such Letter of Credit was issued to the Lender for a Borrowing of a Base Rate Revolving Loan in the amount of such drawing or paymentdrawing. The Funding Date with respect to such Borrowing borrowing shall be the date of such drawing or paymentdrawing.

Payments Pursuant to Letters of Credit. The Borrowers agree to reimburse the Letter of Credit Issuer immediately for any draw under any Letter of Credit, Credit and to pay the Letter of Credit Issuer the amount of all other charges and fees payable to the Letter of Credit Issuer under or in connection with any Letter of Credit immediately when due, irrespective of any claim, setoff, defense, or other right which any Borrower may have at any time against the Letter of Credit Issuer or any other Person. Each drawing under any Letter of Credit shall constitute a request by the Borrower for whose account such Letter of Credit was issued for a Borrowing of a Base Rate Revolving Loan in the amount of such drawing or paymentdrawing. The Funding Date with respect to such Borrowing shall be the date of such drawing or paymentdrawing.

Payments Pursuant to Letters of Credit. The Borrowers agree Each Borrower agrees to reimburse immediately the Letter of Credit Issuer immediately for any draw under any Letter of CreditCredit and the Lender upon any payment pursuant to any Credit Support, and to pay the Letter of Credit Issuer the amount of all other charges and fees payable to the Letter of Credit Issuer under or in connection with any Letter of Credit immediately when due, irrespective of any claim, setoff, defense, defense or other right which any such Borrower may have at any time against the Letter of Credit Issuer or any other Person. Each drawing under any Letter of Credit shall constitute a request by the Borrower for whose account such Letter of Credit was issued Borrowers to the Lender for a Borrowing of a Base Rate Revolving Loan in the amount of such drawing or paymentdrawing. The Funding Date with respect to such Borrowing borrowing shall be the date of such drawing or paymentdrawing.

Payments Pursuant to Letters of Credit. The Borrowers agree Borrower agrees to reimburse immediately the Letter of Credit Issuer immediately for any draw under any Letter of CreditCredit and the Lender upon any payment pursuant to any Credit Support, and to pay the Letter of Credit Issuer the amount of all other charges and fees payable to the Letter of Credit Issuer under or in connection with any Letter of Credit immediately when due, irrespective of any claim, setoff, defense, defense or other right which any the Borrower may have at any time against the Letter of Credit Issuer or any other Person. Each drawing under any Letter of Credit shall constitute a request by the Borrower for whose account such Letter of Credit was issued to the Lender for a Borrowing of a Base Rate Revolving Loan in the amount of such drawing or paymentdrawing. The Funding Date with respect to such Borrowing borrowing shall be the date of such drawing or paymentdrawing.

Payments Pursuant to Letters of Credit. The Borrowers agree to reimburse immediately the Letter of Credit Issuer immediately for any draw under any Letter of CreditCredit and the Lender upon any payment pursuant to any Credit Support, and to pay the Letter of Credit Issuer the amount of all other charges and fees payable to the Letter of Credit Issuer under or in connection with any Letter of Credit immediately when due, irrespective of any claim, setoff, defense, defense or other right which any Borrower the Borrowers may have at any time against the Letter of Credit Issuer or any other Person. Each drawing under any Letter of Credit shall constitute a request by the Borrower for whose account such Letter of Credit was issued Borrowers to the Lender for a Borrowing of a Base Rate Revolving Loan in the amount of such drawing or paymentdrawing. The Funding Date with respect to such Borrowing borrowing shall be the date of such drawing or paymentdrawing.

Payments Pursuant to Letters of Credit. The Borrowers agree to reimburse immediately the Letter of Credit Issuer immediately for any draw under any Letter of Credit, and to pay the Letter of Credit Issuer the amount of all other charges and fees payable to the Letter of Credit Issuer under or in connection with any Letter of Credit immediately when due, irrespective of any claim, setoff, defense, defense or other right which any Borrower may have at any time against the Letter of Credit Issuer Issuer, the beneficiary of any Letter of Credit or any other Person. Each drawing under any Letter of Credit shall constitute a request by the Borrower for whose account such Letter of Credit was issued Borrowers to the Agent for a Borrowing of a Base Rate Revolving Loan in the amount of such drawing or paymentdrawing. The Funding Date with respect to such Borrowing borrowing shall be the date of such drawing or paymentdrawing.