Common use of Reimbursement Obligations Clause in Contracts

Reimbursement Obligations. (a) The Co-Borrowers hereby unconditionally and irrevocably agree to reimburse the Issuing Lender for each payment or disbursement made by the Issuing Lender under any Letter of Credit honoring any demand for payment made by the beneficiary thereunder, in each case on the date that such payment or disbursement is made. Any amount not reimbursed on the date of such payment or disbursement shall bear interest from the date of such payment or disbursement to the date that the Issuing Lender is reimbursed by the Co-Borrowers therefor, payable on demand, at a rate per annum equal to the Base Rate from time to time in effect plus the Base Rate Margin from time to time in effect plus, beginning on the third Business Day after receipt of notice from the Issuing Lender of such payment or disbursement, 2%. The Issuing Lender shall notify the Co-Borrowers and the Administrative Agent whenever any demand for payment is made under any Letter of Credit by the beneficiary thereunder; provided that the failure of the Issuing Lender to so notify the Co-Borrowers or the Administrative Agent shall not affect the rights of the Issuing Lender or the Lenders in any manner whatsoever.

Reimbursement Obligations. (a) The Co-Borrowers hereby unconditionally and irrevocably irrevocably, and jointly and severally, agree to reimburse the Issuing Lender for each payment or disbursement made by the Issuing Lender under any Letter of Credit honoring any demand for payment made by the beneficiary thereunder, in each case on the date that such payment or disbursement is made. Any amount not reimbursed on the date of such payment or disbursement shall bear interest from the date of such payment or disbursement to the date that the Issuing Lender is reimbursed by the Co-Borrowers therefor, payable on demand, at a rate per annum equal to the Base Rate from time to time in effect plus the Base Rate Margin from time to time in effect plus, beginning on the third Business Day after receipt of notice from the Issuing Lender of such payment or disbursement, 2%. The Issuing Lender shall notify the Co-Borrowers and the Administrative Agent whenever any demand for payment is made under any Letter of Credit by the beneficiary thereunder; provided that the failure of the Issuing Lender to so notify the Co-Borrowers or the Administrative Agent shall not affect the rights of the Issuing Lender or the Lenders in any manner whatsoever.

Reimbursement Obligations. (a) The Co-Borrowers Company hereby unconditionally and irrevocably agree agrees to reimburse the Issuing Lender for each payment or disbursement made by the Issuing Lender under any Letter of Credit honoring any demand for payment made by the beneficiary thereunder, in each case on the date that such payment or disbursement is made. Any amount not reimbursed on the date of such payment or disbursement shall bear interest for the ratable account of the Issuing Lender and each Lender which has funded its Pro Rata Share of such payment or disbursement from the date of such payment or disbursement to the date that the Issuing Lender is reimbursed by the Co-Borrowers Company therefor, payable on demand, at a rate per annum equal to the Base Rate from time to time in effect plus the Base Rate Margin from time to time in effect effect, plus, beginning on the third Business Day after receipt of notice from the Issuing Lender of such payment or disbursement, 2%. The Issuing Lender shall notify the Co-Borrowers Company and the Administrative Agent whenever any demand for payment is made under any Letter of Credit by the beneficiary thereunder; provided provided, that the failure of the Issuing Lender to so notify the Co-Borrowers Company or the Administrative Agent shall not affect the rights of the Issuing Lender or the Lenders in any manner whatsoever, subject to the Company’s retention of its right to bring a claim to the extent it is prejudiced by such failure.

Reimbursement Obligations. (a) The Co-Borrowers hereby unconditionally and irrevocably agree agree, jointly and severally, to reimburse the Issuing Lender for each payment or disbursement made by the Issuing Lender under any Letter of Credit honoring any demand for payment made by the beneficiary thereunder, in each case on the date that such payment or disbursement is made. Any amount not reimbursed on the date of such payment or disbursement shall bear interest from the date of such payment or disbursement to the date that the Issuing Lender is reimbursed by the Co-Borrowers therefor, payable on demand, at a rate per annum equal to the Base Rate from time to time in effect effect, plus the Base Rate Margin from time to time in effect for Term Loans, plus, beginning on the third (3rd) Business Day after receipt of notice from the Issuing Lender of such payment or disbursement, 2two percent (2.0%). The Issuing Lender shall notify the Co-Borrowers Funds Administrator and the Administrative Agent whenever any demand for payment is made under any Letter of Credit by the beneficiary thereunder; provided provided, that the failure of the Issuing Lender to so notify the Co-Borrowers Funds Administrator or the Administrative Agent any Borrower shall not affect the rights of the Issuing Lender or the Lenders in any manner whatsoever.

Reimbursement Obligations. (ai) The Co-Borrowers Company hereby unconditionally and irrevocably agree agrees to reimburse the Issuing Lender for each payment or disbursement made by the Issuing Lender under any Letter of Credit honoring any demand for payment made by the beneficiary thereunder, in each case on the date that such payment or disbursement is mademade and in an amount equal to the Dollar Equivalent of the amount of such payment or disbursement. Any amount not reimbursed on the date of such payment or disbursement shall bear interest from the date of such payment or disbursement to the date that the Issuing Lender is reimbursed by the Co-Borrowers Company therefor, payable on demand, at a rate per annum equal to the Base Rate from time to time in effect plus the Base Rate Margin from time to time in effect plus, beginning on the third Business Day after receipt of notice from the Issuing Lender of such payment or disbursement, 2%. The Issuing Lender shall notify the Co-Borrowers Company and the Administrative Agent whenever any demand for payment is made under any Letter of Credit by the beneficiary thereunder; provided that the failure of the Issuing Lender to so notify the Co-Borrowers Company or the Administrative Agent shall not affect the rights of the Issuing Lender or the Lenders in any manner whatsoever.

Reimbursement Obligations. (a) The Co-In the case of a Letter of Credit denominated in Dollars, the US Borrowers hereby unconditionally and irrevocably irrevocably, and jointly and severally, agree to reimburse the Issuing Lender in Dollars for each payment or disbursement made by the Issuing Lender under any Letter of Credit honoring any demand for payment made by the beneficiary thereunder, in each case on the date that such payment or disbursement is made. In the case of a Letter of Credit denominated in an Alternative Currency, the US Borrowers hereby unconditionally, and jointly and severally agree, and the Non-US Borrower hereby unconditionally and irrevocably, and severally agrees, to reimburse the Issuing Lender in such Alternative Currency. Any amount not reimbursed on the date of such payment or disbursement shall bear interest from the date of such payment or disbursement to the date that the Issuing Lender is reimbursed by the Co-Borrowers therefor, payable on demand, at a rate per annum equal to the Base Rate from time to time in effect plus the Base Rate Margin from time to time in effect plus, beginning on the third Business Day after receipt of notice from the Issuing Lender of such payment or disbursement, 2%. The Issuing Lender shall notify the Co-Borrowers and the Administrative Agent whenever any demand for payment is made under any Letter of Credit by the beneficiary thereunder; provided that the failure of the Issuing Lender to so notify the Co-Borrowers or the Administrative Agent shall not affect the rights of the Issuing Lender or the Lenders in any manner whatsoever.

Reimbursement Obligations. (a) The Co-Borrowers Company hereby unconditionally and irrevocably agree agrees to reimburse (i) the Issuing Lender for each payment or disbursement made by the Issuing Lender under any Letter of Credit Credit, and (ii) LaSalle for each payment or disbursement made by LaSalle under any Existing Letter of Credit, honoring any demand for payment made by the beneficiary thereunder, in each case on the date that such payment or disbursement is made. Any amount not reimbursed on the date of such payment or disbursement shall bear interest from the date of such payment or disbursement to the date that the Issuing Lender or LaSalle, as applicable, is reimbursed by the Co-Borrowers thereforCompany therefore, payable on demand, at a rate per annum equal to the Base Rate from time to time in effect plus the Base Rate Margin from time to time in effect plus, beginning on the third Business Day after receipt of notice from the Issuing Lender or LaSalle, as applicable, of such payment or disbursement, 2%% per annum (meaning a year of 360 days and actual days elapsed). The Issuing Lender or LaSalle, as applicable, shall notify the Co-Borrowers Company and the Administrative Agent whenever any demand for payment is made under any Letter of Credit or Existing Letter of Credit by the beneficiary thereunder; provided that the failure of the Issuing Lender or LaSalle, as applicable, to so notify the Co-Borrowers Company or the Administrative Agent shall not affect the rights of the Issuing Lender Lender, LaSalle or the Lenders in any manner whatsoever.

Reimbursement Obligations. (a) The Co-Borrowers hereby jointly and severally and unconditionally and irrevocably agree to reimburse the Issuing Lender for each payment or disbursement made by the Issuing Lender under any Letter of Credit honoring any demand for payment made by the beneficiary thereunder, in each case on the date that such payment or disbursement is mademade subject to the terms of the Master Letter of Credit Agreement. Any amount not reimbursed on the date of such payment or disbursement shall bear interest from the date of such payment or disbursement to the date that the Issuing Lender is reimbursed by the Co-Borrowers therefor, payable on demand, at a rate per annum equal to the Base Rate from time to time in effect plus the Base Rate Margin from time to time in effect plus, beginning on the third Business Day after receipt of notice from the Issuing Lender of such payment or disbursement, 2%. The Issuing Lender shall notify the Co-Borrowers Company and the Administrative Agent whenever any demand for payment is made under any Letter of Credit by the beneficiary thereunder; provided that the failure of the Issuing Lender to so notify the Co-Borrowers or the Administrative Agent Company shall not affect the rights of the Issuing Lender or the Lenders in any manner whatsoever.

Reimbursement Obligations. (a) The Co-Borrowers Company hereby unconditionally and irrevocably agree agrees to reimburse the Issuing Lender for each payment or disbursement made by the Issuing Lender under any Letter of Credit honoring any demand for payment made by the beneficiary thereunder, in each case on the date that such payment or disbursement is made. The Company unconditionally and irrevocably agrees to cause such reimbursement obligation to be satisfied even if this reimbursement does not occur under Section 2.3.2 because the Lenders are unable to make a Revolving Loan without causing Revolving Outstandings to exceed the Revolving Loan Availability. Any amount not reimbursed on the date of such payment or disbursement shall bear interest from the date of such payment or disbursement to the date that the Issuing Lender is reimbursed by the Co-Borrowers Company therefor, payable on demand, at a rate per annum equal to the Base Rate from time to time in effect plus the plusthe Base Rate Margin from time to time in effect plus, beginning on the third Business Day after receipt of notice from the Issuing Lender of such payment or disbursement, 2%. The Issuing Lender shall notify the Co-Borrowers Company and the Administrative Agent whenever any demand for payment is made under any Letter of Credit by the beneficiary thereunder; provided that the failure of the Issuing Lender to so notify the Co-Borrowers Company or the Administrative Agent shall not affect the rights of the Issuing Lender or the Lenders in any manner whatsoever.

Reimbursement Obligations. (a) The Co-Borrowers Company hereby unconditionally and irrevocably agree agrees to reimburse the Issuing Lender for each payment or disbursement made by the Issuing Lender under any Letter of Credit honoring any demand for payment made by the beneficiary thereunder, in each case on the date that such payment or disbursement is made; provided that the Company may, subject to the conditions to borrowing set forth herein, request in accordance with Section 2.2 that such reimbursement be financed with a Revolving Loan or Swing Line Loan in an equivalent amount. Any amount not reimbursed on the date of such payment or disbursement shall bear interest from the date of such payment or disbursement to the date that the Issuing Lender is reimbursed by the Co-Borrowers Company therefor, payable on demand, at a rate per annum equal to the Base Rate from time to time in effect plus the Base Rate Margin from time to time in effect plus, beginning on the third Business Day after receipt of notice from the Issuing Lender of such payment or disbursement, 2%. The Issuing Lender shall notify the Co-Borrowers Company and the Administrative Agent whenever any demand for payment is made under any Letter of Credit by the beneficiary thereunder; provided that the failure of the Issuing Lender to so notify the Co-Borrowers Company or the Administrative Agent shall not affect the rights of the Issuing Lender or the Lenders in any manner whatsoever.

Reimbursement Obligations. (a) The Co-Each of the Borrowers hereby jointly and severally unconditionally and irrevocably agree agrees to reimburse the Issuing Lender Bank for each payment or disbursement made by the Issuing Lender Bank under any Letter of Credit honoring any demand for payment made by the beneficiary thereunder, in each case on the date that such payment or disbursement is made. Any If any such amounts can not be reimbursed by the making of a Revolving Loan for any reason, any amount not reimbursed on the date of such payment or disbursement shall bear interest from the date of such payment or disbursement to the date that the Issuing Lender Bank is reimbursed by the Co-Borrowers any Borrower therefor, payable on demand, at a rate per annum equal to the Base Rate from time to time in effect plus the Revolving Loan Base Rate Margin from time to time in effect plus, beginning on the third Business Day after receipt of notice from the Issuing Lender Bank of such payment or disbursement, 2%. The Issuing Lender Bank shall notify the Co-Borrowers Loan Party Representative and the Administrative Agent whenever any demand for payment is made under any Letter of Credit by the beneficiary thereunder; provided that the failure of the Issuing Lender Bank to so notify the Co-Borrowers Loan Party Representative or the Administrative Agent shall not affect the rights of the Issuing Lender Bank or the Facility A Lenders in any manner whatsoever.

Reimbursement Obligations. (a) The Co-Borrowers Company hereby unconditionally and irrevocably agree agrees to reimburse the Issuing Lender for each payment or disbursement made by the Issuing Lender under any Letter of Credit honoring any demand for payment made by the beneficiary thereunder, in each case on the date that such payment or disbursement is mademade and in an amount equal to the Dollar Equivalent of the amount of such payment or disbursement. Any amount not reimbursed on the date of such payment or disbursement shall bear interest from the date of such payment or disbursement to the date that the Issuing Lender is reimbursed by the Co-Borrowers Company therefor, payable on demand, at a rate per annum equal to the Base Rate from time to time in effect plus the Base Rate Margin from time to time in effect plus, beginning on the third Business Day after receipt of notice from the Issuing Lender of such payment or disbursement, 2%. The Issuing Lender shall notify the Co-Borrowers Company and the Administrative Agent whenever any demand for payment is made under any Letter of Credit by the beneficiary thereunder; provided that the failure of the Issuing Lender to so notify the Co-Borrowers Company or the Administrative Agent shall not affect the rights of the Issuing Lender or the Lenders in any manner whatsoever.

Reimbursement Obligations. (a) The Co-Borrowers Companies, jointly and severally, hereby unconditionally and irrevocably agree to reimburse the Issuing Lender for each payment or disbursement made by the Issuing Lender under any Letter of Credit honoring any demand for payment made by the beneficiary thereunder, in each case on the date that such payment or disbursement is made. Any amount not reimbursed on the date of such payment or disbursement shall bear interest from the date of such payment or disbursement to the date that the Issuing Lender is reimbursed by the Co-Borrowers Companies therefor, payable on demand, at a rate per annum equal to the Base Rate from time to time in effect plus the Revolver Base Rate Margin from time to time in effect plus, beginning on the third Business Day after receipt of notice from the Issuing Lender of such payment or disbursement, 2%. The Issuing Lender shall notify the Co-Borrowers Company Representative and the Administrative Agent whenever any demand for payment is made under any Letter of Credit by the beneficiary thereunder; provided that the failure of the Issuing Lender to so notify the Co-Borrowers Company Representative or the Administrative Agent shall not affect the rights of the Issuing Lender or the Lenders in any manner whatsoever.

Reimbursement Obligations. (a) The Co-Each of the Borrowers hereby jointly and severally unconditionally and irrevocably agree agrees to reimburse the Issuing Lender for each payment or disbursement made by the Issuing Lender under any Letter of Credit honoring any demand for payment made by the beneficiary thereunder, in each case on the date that such payment or disbursement is made. Any amount not reimbursed on the date of such payment or disbursement shall bear interest from the date of such payment or disbursement to the date that the Issuing Lender is reimbursed by the Co-Borrowers any Borrower therefor, payable on demand, at a rate per annum equal to the Base Rate from time to time in effect plus the Base Rate Margin from time to time in effect plus, beginning on the third Business Day after receipt of notice from the Issuing Lender of such payment or disbursement, 2%. The Issuing Lender shall notify the Co-Borrowers Loan Party Representative and the Administrative Agent whenever any demand for payment is made under any Letter of Credit by the beneficiary thereunder; provided that the failure of the Issuing Lender to so notify the Co-Borrowers Loan Party Representative or the Administrative Agent shall not affect the rights of the Issuing Lender or the Lenders in any manner whatsoever.

Reimbursement Obligations. (a) The Co-Borrowers Companies hereby unconditionally and irrevocably agree to reimburse the Issuing Lender for each payment or disbursement made by the Issuing Lender under any Letter of Credit honoring any demand for payment made by the beneficiary thereunder, in each case on the date that such payment or disbursement is made; provided, however, that WFS Europe and WFS Singapore shall have no reimbursement obligations in connection with Letters of Credit issued solely for the account of WFS. Any amount not reimbursed on the date of such payment or disbursement shall bear interest from the date of such payment or disbursement to the date that the Issuing Lender is reimbursed by the Co-Borrowers Companies therefor, payable on demand, at a rate per annum equal to the Base Rate from time to time in effect plus the Base Rate Margin from time to time in effect plus, beginning on the third Business Day after receipt of notice from the Issuing Lender of such payment or disbursement, 2%. The Issuing Lender shall notify the Co-Borrowers Companies and the Administrative Agent whenever any demand for payment is made under any Letter of Credit by the beneficiary thereunder; provided that the failure of the Issuing Lender to so notify the Co-Borrowers or the Administrative Agent Companies shall not affect the rights of the Issuing Lender or the Lenders in any manner whatsoever.

Reimbursement Obligations. (a) The Co-Borrowers Company hereby unconditionally and irrevocably agree agrees to reimburse the Issuing Lender for each payment or disbursement made by the Issuing Lender under any Letter of Credit honoring any demand for payment made by the beneficiary thereunder, in each case on the date that such payment or disbursement is made. ; provided that the Company shall not be precluded from asserting any claim for direct damages suffered by the Company to the extent caused by the willful misconduct or gross negligence of the Issuing Lender in determining whether a request presented under any Letter of Credit issued by it complied with the terms of such Letter of Credit, or the Issuing Lender's failure to pay under any Letter of Credit issued by it after the presentation to it of a request strictly complying with the terms of such Letter of Credit.. Any amount not reimbursed on the date of such payment or disbursement shall bear interest from the date of such payment or disbursement to the date that the Issuing Lender is reimbursed by the Co-Borrowers Company therefor, payable on demand, at a rate per annum equal to the Base Rate from time to time in effect plus the Base Rate Margin from time to time in effect plus, beginning on the third Business Day after receipt of notice from the Issuing Lender of such payment or disbursement, 23%. The Issuing Lender shall notify the Co-Borrowers Company and the Administrative Agent whenever any demand for payment is made under any Letter of Credit by the beneficiary thereunder; provided that the failure of the Issuing Lender to so notify the Co-Borrowers Company or the Administrative Agent shall not affect the rights of the Issuing Lender or the Lenders in any manner whatsoever.

Reimbursement Obligations. 1.7.2.1 Upon receipt by the Letter of Credit Bank of a Drawing under any Letter of Credit, Agent shall promptly notify the Borrowers of the amount of such Drawing and the date on which the payment thereof is to be made by the Letter of Credit Bank to the beneficiary of such Letter of Credit (a) but Agent's failure to give any such notice shall not affect the Borrowers' Reimbursement Obligations hereunder). The Co-Borrowers hereby unconditionally and irrevocably agree to reimburse the Issuing Lender Agent for the amount of each payment Drawing under or disbursement made by the Issuing Lender under any Letter of Credit honoring any demand for payment made by the beneficiary thereunder, in each case on the date that such payment or disbursement is made. Any amount not reimbursed on the date of such payment or disbursement shall bear interest from the date of such payment or disbursement purported to the date that the Issuing Lender is reimbursed by the Co-Borrowers therefor, payable on demand, at a rate per annum equal to the Base Rate from time to time in effect plus the Base Rate Margin from time to time in effect plus, beginning on the third Business Day after receipt of notice from the Issuing Lender of such payment or disbursement, 2%. The Issuing Lender shall notify the Co-Borrowers and the Administrative Agent whenever any demand for payment is be made under any Letter of Credit which is paid or reimbursed by Agent, which reimbursement by Borrowers shall be made in full at or prior to the time Agent pays or reimburses the Letter of Credit Bank for such Drawing (but, in the event Agent fails to give the Borrowers the aforesaid notice of its intended payment or reimbursement of any Drawing, such reimbursement by the beneficiary thereunder; provided that Borrowers shall not be due until Agent gives the failure Borrowers notice of the Issuing Lender to so notify the Co-Borrowers each payment of such Drawing). PROVIDED, THAT, no Event of Default therein exists under this Agreement or the Administrative other Loan Documents, any Drawing under a Letter of Credit shall be deemed a request for a borrowing of a Revolving Credit Advance with such funds being disbursed by Agent directly to the Letter of Credit Bank. Should such a deemed request for borrowing exceed the Revolving Credit Availability, such Advance shall not affect nevertheless constitute Secured Obligations and, as such, shall be entitled to all the rights of the Issuing Lender or the Lenders in any manner whatsoeverbenefits and security therefor.

Reimbursement Obligations. (a) The Co-Borrowers Borrowers, jointly and severally, hereby unconditionally and irrevocably agree agrees to reimburse the Issuing Lender for each payment or disbursement made by the Issuing Lender under any Letter of Credit honoring any demand for payment made by the beneficiary thereunder, in each case on the date that such payment or disbursement is mademade (including without limitation, through Borrower’s use of funds from borrowings under this Agreement). Any amount not reimbursed on the date of such payment or disbursement shall bear interest from the date of such payment or disbursement to the date that the Issuing Lender is reimbursed by the Co-Borrowers therefor, payable on demand, at a rate per annum equal to the Base Rate from time to time in effect plus the Base Rate Margin from time to time in effect plus, beginning on the third Business Day after receipt of notice from the Issuing Lender of such payment or disbursement, 2%. The Issuing Lender shall notify the Co-Borrowers and the Administrative Agent whenever any demand for payment is made under any Letter of Credit by the beneficiary thereunder; provided that the failure of the Issuing Lender to so notify the Co-Borrowers or the Administrative Agent shall not affect the rights of the Issuing Lender or the Lenders in any manner whatsoever.

Reimbursement Obligations. (a) The Co-Each of the Borrowers hereby jointly and severally unconditionally and irrevocably agree agrees to reimburse the Issuing Lender Bank for each payment or disbursement made by the Issuing Lender Bank under any Letter of Credit honoring any demand for payment made by the beneficiary thereunder, in each case on the date that such payment or disbursement is made. Any If any such amounts can not be reimbursed by the making of a Revolving Loan for any reason, any amount not reimbursed on the date of such payment or disbursement shall bear interest from the date of such payment or disbursement to the date that the Issuing Lender Bank is reimbursed by the Co-Borrowers any Borrower therefor, payable on demand, at a rate per annum equal to the Base Rate from time to time in effect plus the Base Rate Margin from time to time in effect plus, beginning on the third Business Day after receipt of notice from the Issuing Lender Bank of such payment or disbursement, 2%. The Issuing Lender Bank shall notify the Co-Borrowers Loan Party Representative and the Administrative Agent whenever any demand for payment is made under any Letter of Credit by the beneficiary thereunder; provided that the failure of the Issuing Lender Bank to so notify the Co-Borrowers Loan Party Representative or the Administrative Agent shall not affect the rights of the Issuing Lender Bank or the Lenders in any manner whatsoever.