Reimbursement and Other Payments. (a) The Obligor hereby agrees with the Bank as follows: (i) to pay the Bank, following payment by the Bank of any draft presented under a Letter of Credit other than a "Purchase Draft" (as defined in the Letter of Credit), and on the same day on which such draft is so paid, a sum (and interest on such sum as provided in clause (iii) below) equal to the amount so paid under the Letter of Credit plus any and all reasonable charges and expenses which the Bank may pay or incur relative to such Letter of Credit; (ii) to pay the Bank, following payment by the Bank of a Purchase Draft, and on the same day on which a Purchase Draft is paid, an amount equal to the accrued interest paid by such payment, plus sums from time to time in installments sufficient to maintain the amortization schedule for the Bonds, which schedule is attached hereto as Exhibit B, together with interest on such moneys outstanding at a fluctuating interest rate per annum (computed on the basis of a 360 day year for the actual number of days elapsed) as shall be in effect from time to time, which rate per annum shall be equal to the rate publicly announced by the Bank as its "Prime Rate" (the "Prime Rate"), but such interest rate shall in no event be higher than the maximum rate permitted by law, which interest shall be payable monthly; and (iii) to pay the Bank, interest on any and all amounts remaining unpaid by the Obligor hereunder, other than the principal portion of a Purchase Draft following a Purchase Draft, at any time from the date any such amount becomes payable until payment in full, payable on demand, at a fluctuating interest rate per annum (computed on the basis of a 360 day year for the actual number of days elapsed) as shall be in effect from time to time, which rate per annum shall be equal to three percent (3%) above its Prime Rate, provided that such fluctuating interest rate shall in no event be higher than the maximum rate permitted by law and, in addition, upon demand by the Bank any and all reasonable expenses including but not limited to legal expenses incurred by the Bank in enforcing any rights under this Agreement or any other collateral agreement entered into in conjunction herewith.
Reimbursement and Other Payments. Except as otherwise provided in Section 3.3 below, the Borrower shall pay to the Bank:
Reimbursement and Other Payments. The Company hereby agrees to pay or cause to be paid to the Agent:
Reimbursement and Other Payments. The Borrowers agree to pay to Bank immediately upon demand of Bank (i) at the time when Bank shall pay any draft presented under any Letter of Credit, a sum equal to the amount so paid under such Letter of Credit, plus (ii) interest at the Default Rate on any amount remaining unpaid by the Borrowers to Bank under clause (i) above from such time until payment in full. If Bank is reimbursed for any draw under a Letter of Credit on the same day such draw is honored by Bank, no interest shall accrue on the reimbursement obligations arising from such draw.
Reimbursement and Other Payments. The Borrower shall pay to the Bank: --------------------------------
Reimbursement and Other Payments. (a) The Borrower hereby agrees to reimburse or pay to the Bank (to the extent not already paid) immediately and on the same Business Day on which the Bank shall be required to pay any draft presented under the Letter of Credit with respect to any Drawing a sum equal to (i) the amount paid by the Bank under the Letter of Credit and (ii) the amount of any taxes, fees, charges or other costs and expenses incurred by the Bank in connection with any payment made by the Bank under or with respect to the Letter of Credit. Notwithstanding the provisions of the immediately preceding sentence, in the event that any draw under the Letter of Credit is a Remarketing Draw, outside the control of the Borrower and such event is not an Event of Default, the Bank agrees that the Borrower will not be obliged to repay any such amounts drawn down until the earlier to occur of (i) demand upon the occurrence of an Event of Default, (ii) upon receipt of the proceeds from the resale of Bonds acquired under the Remarketing Draw or (iii) the Letter of Credit Termination Date. Interest shall accrue on all such amounts drawn down at the rate of the Base Rate plus one hundred (100) basis points and shall be paid monthly in arrears on the first Business Day of each month. In the event that the Bonds remain nonmarketable for longer than 180 days, interest shall accrue on all such amounts at the rate of the Base Rate plus one hundred and fifty (150) basis points and shall be paid monthly in arrears on the first Business Day of each month.
Reimbursement and Other Payments. (a) The Company agrees to reimburse the Bank on demand in immediately available funds for each payment made by the Bank pursuant to a Credit or a draft honored by the Bank under such Credit and for each amount otherwise due to the Bank hereunder.
Reimbursement and Other Payments. Borrower agrees to pay to Bank immediately upon demand of Bank (i) at the time when Bank shall pay any draft presented under any Letter of Credit, a sum equal to the amount so paid under such Letter of Credit, plus (ii) interest at the Default Rate on any amount remaining unpaid by Borrower to Bank under clause (i) above from such time until payment in full. Notwithstanding the foregoing, so long as the conditions for Advances set forth in Section 5.2 are satisfied, and unless otherwise elected by Borrower to the contrary, each drawing under a Letter of Credit may be reimbursed by the making of a Line of Credit Loan Advance in an amount equal to such drawing.
Reimbursement and Other Payments. Borrower agrees to pay to Agent immediately upon demand of Agent or Issuing Lender for reimbursement to Issuing Lender (i) at the time when Issuing Lender shall pay any draft presented under any Letter of Credit, a sum equal to the amount so paid under such Letter of Credit, plus (ii) interest at the Default Rate on any amount remaining unpaid by Borrower to Issuing Lender under clause (i) above from such time until payment in full.
Reimbursement and Other Payments. The Borrower hereby agrees -------------------------------- to pay to the Bank:
