Common use of Repayment of Participation Advances Clause in Contracts

Repayment of Participation Advances. (i) Upon (and only upon) receipt by the Agent for the account of the relevant Issuing Lender of immediately available funds from the Borrower (x) in reimbursement of any payment made by such Issuing Lender under the Letter of Credit with respect to which any Lender has made a Participation Advance to the Agent, or (y) in payment of interest on such a payment made by such Issuing Lender under such a Letter of Credit, the Agent on behalf of such Issuing Lender will pay to each Lender, in the same funds as those received by the Agent, the amount of such Lender’s Ratable Share of such funds, except the Agent shall retain for the account of the relevant Issuing Lender the amount of the Ratable Share of such funds of any Lender that did not make a Participation Advance in respect of such payment by such Issuing Lender.

Repayment of Participation Advances. (i) Upon (and only upon) receipt by the Administrative Agent for the account of the relevant applicable Issuing Lender of immediately available funds from the Borrower (xA) in reimbursement of any payment made by such Issuing Lender under the Letter of Credit with respect to which any Lender has made a Participation Advance to the Administrative Agent, or (yB) in payment of interest on such a payment made by such Issuing Lender under such a Letter of Credit, the Administrative Agent on behalf of such Issuing Lender will pay to each Revolving Lender, in the same funds as those received by the Administrative Agent, the amount of such Revolving Lender’s Ratable Pro Rata Share of such funds, except the Administrative Agent shall retain for the account of the relevant such Issuing Lender the amount of the Ratable Pro Rata Share of such funds of any Revolving Lender that did not make a Participation Advance in respect of such payment by such Issuing Lender.

Repayment of Participation Advances. (i) Upon (and only upon) receipt by the Administrative Agent for the account of the relevant applicable Issuing Lender of immediately available funds from the Borrower (xA) in reimbursement of any payment made by such Issuing Lender under the Letter of Credit with respect to which any Lender has made a Participation Advance to the Agent, Administrative Agent or (yB) in payment of interest on such a payment made by such Issuing Lender under such a Letter of Credit, the Administrative Agent on behalf of such Issuing Lender will pay to each Revolving Lender, in the same funds as those received by the Administrative Agent, the amount of such Revolving Lender’s Ratable Pro Rata Share of such funds, except the Administrative Agent shall retain for the account of the relevant such Issuing Lender the amount of the Ratable Pro Rata Share of such funds of any Revolving Lender that did not make a Participation Advance in respect of such payment by such Issuing Lender.

Repayment of Participation Advances. (i) 2.9.4.1 Upon (and only upon) receipt by the Agent for the account of the relevant Issuing Lender of immediately available funds from the Borrower Borrower: (xi) in reimbursement of any payment made by such the Issuing Lender under the Letter of Credit with respect to which any Lender has made a Participation Advance to the Agent, or (yii) in payment of interest on such a payment made by such the Issuing Lender under such a Letter of Credit, the Agent on behalf of such the Issuing Lender will pay to each Lender, in the same funds as those received by the Agent, the amount of such Lender’s Ratable Share of such funds, except the Agent shall retain for the account of the relevant Issuing Lender the amount of the Ratable Share of such funds of any Lender that did not make a Participation Advance in respect of such payment by such the Issuing Lender.

Repayment of Participation Advances. (i) Upon (and only upon) receipt by the Agent for the account of the relevant Issuing Lender of immediately available funds from the US Borrower (xi) in reimbursement of any payment made by such the Issuing Lender under the Letter of Credit with respect to which any Lender has made a Participation Advance to the Agent, or (yii) in payment of interest on such a payment made by such the Issuing Lender under such a Letter of Credit, the Agent on behalf of such the Issuing Lender will pay to each Lender, in the same funds as those received by the Agent, the amount of such Lender’s Ratable Share 's Percentage of such funds, except the Agent shall retain for the account of the relevant Issuing Lender the amount of the Ratable Share Percentage of such funds 42- of any Lender that did not make a Participation Advance in respect of such payment by such the Issuing Lender.

Repayment of Participation Advances. (i) Upon (and only upon) receipt by the Agent for the account of the relevant Issuing Lender of immediately available funds from the Borrower (x) in reimbursement of any payment made by such Issuing Lender under the Letter of Credit with respect to which any Lender Xxxxxx has made a Participation Advance to the Agent, or (y) in payment of interest on such a payment made by such Issuing Lender under such a Letter of Credit, the Agent on behalf of such Issuing Lender will pay to each Lender, in the same funds as those received by the Agent, the amount of such LenderXxxxxx’s Ratable Share of such funds, except the Agent shall retain for the account of the relevant Issuing Lender the amount of the Ratable Share of such funds of any Lender that did not make a Participation Advance in respect of such payment by such Issuing Lender.

Repayment of Participation Advances. (i) Upon (and only upon) receipt by the Agent for the account of the relevant Issuing Lender of immediately available funds from the US Borrower (xA) in reimbursement of any payment made by such the Issuing Lender under the Letter of Credit with respect to which any Lender has made a Participation Advance to the Agent, or (yB) in payment of interest on such a payment made by such the Issuing Lender under such a Letter of Credit, the Agent on behalf of such the Issuing Lender will pay to each Lender, in the same funds as those received by the Agent, the amount of such Lender’s Ratable Share 's Percentage of such funds, except the Agent shall retain for the account of the relevant Issuing Lender the amount of the Ratable Share Percentage of such funds of any Lender that did not make a Participation Advance in respect of such payment by such the Issuing Lender.