Common use of Time of Reimbursement Clause in Contracts

Time of Reimbursement. Not later than 11:00 a.m. on the day following each Drawing Payment made by Issuing Bank, Borrower shall make or cause to be made to Issuing Bank a payment in the amount of such Drawing Payment (a “Reimbursement Payment”), together with any accrued interest thereon as provided below; provided, however, that (1) Borrower shall make such Reimbursement Payment to, or cause such Reimbursement Payment to be made to, Agent for the benefit of the Lenders if, prior to the time such Reimbursement Payment is made, Issuing Bank has notified Borrower that it has requested the Lenders pursuant to clause (ii) of Subparagraph 2.02(d) to pay to Issuing Bank their respective Revolving Loan Proportionate Shares of the Drawing Payment made by Issuing Bank and (2) Borrower shall pay interest on the amount of any Reimbursement Payment not paid on the same day as the applicable Drawing Payment at a per annum rate equal to (y) for the first day, the rate then applicable to Revolving Loans which are Base Rate Loans and (z) for the second day and any subsequent day, the rate then applicable to Revolving Loans which are Base Rate Loans plus two percent (2%) per annum. If any such Reimbursement Payment is made to Agent, Agent shall promptly pay to each Lender which has paid its Revolving Loan Proportionate Share of the Drawing Payment, such Lender’s Revolving Loan Proportionate Share of the Reimbursement Payment and shall promptly pay to Issuing Bank the balance of such Reimbursement Payment.

Time of Reimbursement. Not later than 11:00 a.m. on On the day following each Drawing Payment is to be made by Issuing Bank, Borrower Borrowers shall make or cause to be made to Agent, for the benefit of Issuing Bank Bank, a payment in the amount of such Drawing Payment (a “Reimbursement Payment”), together with any accrued interest thereon as provided below; provided, however, that if the requesting Borrower does not receive notice from Issuing Bank by 10:00 a.m. (1California time) that a Reimbursement Payment is due, such Reimbursement Payment (together with interest thereon accruing at the Federal Funds Rate from and including the date such Drawing Payment is made but excluding the next succeeding Business Day) shall instead be due on the next succeeding Business Day after the requesting Borrower receives such notice, provided that Borrowers shall make such Reimbursement Payment to, or cause such Reimbursement Payment to be made to, Agent for the benefit of the Lenders if, prior to the time such Reimbursement Payment is made, Issuing Bank has notified the applicable Borrower that it has requested the Lenders pursuant to clause (ii) of Subparagraph 2.02(d2.01(b)(iv) to pay to Agent, for the benefit of Issuing Bank Bank, their respective Revolving Loan Proportionate Shares of the Drawing Payment made by Issuing Bank and (2) Borrower shall pay interest on the amount of any Reimbursement Payment not paid on the same day as the applicable Drawing Payment at a per annum rate equal to (y) for the first day, the rate then applicable to Revolving Loans which are Base Rate Loans and (z) for the second day and any subsequent day, the rate then applicable to Revolving Loans which are Base Rate Loans plus two percent (2%) per annumBank. If any such Reimbursement Payment is made to Agent, Agent shall promptly pay to each Lender which has paid its Revolving Loan Proportionate Share of the Drawing Payment, such Lender’s Revolving Loan Proportionate Share of the Reimbursement Payment and shall promptly pay to Issuing Bank the balance of such Reimbursement Payment.

Time of Reimbursement. Not later than 11:00 a.m. on On the day following each Drawing Payment is to be made by Issuing Bank, Borrower shall make or cause to be made to Agent, for the benefit of Issuing Bank Bank, a payment in the amount of such Drawing Payment (a “Reimbursement Payment”), together with any accrued interest thereon as provided below; provided, however, that if Borrower does not receive notice from Issuing Bank by 10:00 a.m. (1California time) that a Reimbursement Payment is due, such Reimbursement Payment (together with interest thereon accruing at the Federal Funds Rate from and including the date such Drawing Payment is made but excluding the next succeeding Business Day) shall instead be due on the next succeeding Business Day after Borrower receives such notice, provided that Borrower shall make such Reimbursement Payment to, or cause such Reimbursement Payment to be made to, Agent for the benefit of the Lenders if, prior to the time such Reimbursement Payment is made, Issuing Bank has notified Borrower that it has requested the Lenders pursuant to clause (ii) of Subparagraph 2.02(d2.01(b)(iv) to pay to Agent, for the benefit of Issuing Bank Bank, their respective Revolving Loan Proportionate Shares of the Drawing Payment made by Issuing Bank and (2) Borrower shall pay interest on the amount of any Reimbursement Payment not paid on the same day as the applicable Drawing Payment at a per annum rate equal to (y) for the first day, the rate then applicable to Revolving Loans which are Base Rate Loans and (z) for the second day and any subsequent day, the rate then applicable to Revolving Loans which are Base Rate Loans plus two percent (2%) per annumBank. If any such Reimbursement Payment is made to Agent, Agent shall promptly pay to each Lender which has paid its Revolving Loan Proportionate Share of the Drawing Payment, such Lender’s Revolving Loan Proportionate Share of the Reimbursement Payment and shall promptly pay to Issuing Bank the balance of such Reimbursement Payment.

Time of Reimbursement. Not later than 11:00 a.m. on On the day following each Drawing Payment is to be made by Issuing Bank, Borrower Borrowers shall make or cause to be made to Issuing Bank a payment in the amount of such Drawing Payment (a “"Reimbursement Payment”"), together with any accrued interest thereon as provided below; provided, however, that if the requesting Borrower does not receive notice from Issuing Bank by 10:00 a.m. (1California time) that a Reimbursement Payment is due, such Reimbursement Payment (together with interest thereon accruing at the Federal Funds Rate for each day from and including the date such Drawing Payment is made but excluding the date such Reimbursement Payment is made) shall instead be due on the next succeeding Business Day after the requesting Borrower receives such notice; provided, further, that Borrowers shall make such Reimbursement Payment to, or cause such Reimbursement Payment to be made to, Agent for the benefit of the Facility A Lenders if, prior to the time such Reimbursement Payment is made, Issuing Bank has notified the applicable Borrower that it has requested the Facility Lenders pursuant to clause (ii) of Subparagraph 2.02(d2.01(b)(iv) to pay to Issuing Bank their respective Revolving Loan Proportionate Shares of the Drawing Payment made by Issuing Bank and (2) Borrower shall pay interest on the amount of any Reimbursement Payment not paid on the same day as the applicable Drawing Payment at a per annum rate equal to (y) for the first day, the rate then applicable to Revolving Loans which are Base Rate Loans and (z) for the second day and any subsequent day, the rate then applicable to Revolving Loans which are Base Rate Loans plus two percent (2%) per annumBank. If any such Reimbursement Payment is made to Agent, Agent shall promptly pay to each Facility A Lender which has paid its Revolving Loan Proportionate Share of the Drawing Payment, such Facility A Lender’s Revolving Loan 's Proportionate Share of the Reimbursement Payment and shall promptly pay to Issuing Bank the balance of such Reimbursement Payment.

Time of Reimbursement. Not later than 11:00 a.m. on On the day following each Drawing Payment is to be made by Issuing Bank, Borrower Borrowers shall make or cause to be made to Issuing Bank a payment in the amount of such Drawing Payment (a “"Reimbursement Payment”"), together with any accrued interest thereon as provided below; provided, however, that if the requesting Borrower does not receive notice from Issuing Bank by 10:00 a.m. (1California time) that a Reimbursement Payment is due, such Reimbursement Payment (together with interest thereon accruing at the Federal Funds Rate from and including the date such Drawing Payment is made but excluding the next succeeding Business Day) shall instead be due on the next succeeding Business Day after the requesting Borrower receives such notice, provided that Borrowers shall make such Reimbursement Payment to, or cause such Reimbursement Payment to be made to, Agent for the benefit of the Lenders if, prior to the time such Reimbursement Payment is made, Issuing Bank has notified the applicable Borrower that it has requested the Lenders pursuant to clause (ii) of Subparagraph 2.02(d2.01(b)(iv) to pay to Issuing Bank their respective Revolving Loan Proportionate Shares of the Drawing Payment made by Issuing Bank and (2) Borrower shall pay interest on the amount of any Reimbursement Payment not paid on the same day as the applicable Drawing Payment at a per annum rate equal to (y) for the first day, the rate then applicable to Revolving Loans which are Base Rate Loans and (z) for the second day and any subsequent day, the rate then applicable to Revolving Loans which are Base Rate Loans plus two percent (2%) per annumBank. If any such Reimbursement Payment is made to Agent, Agent shall promptly pay to each Lender which has paid its Revolving Loan Proportionate Share of the Drawing Payment, such Lender’s Revolving Loan 's Proportionate Share of the Reimbursement Payment and shall promptly pay to Issuing Bank the balance of such Reimbursement Payment.

Time of Reimbursement. Not later than 11:00 a.m. on On the day following each Drawing Payment is to be made by Issuing Bank, Borrower shall make or cause to be made to Issuing Bank a payment in the amount of such Drawing Payment (a “"Reimbursement Payment”"), together with any accrued interest thereon as provided below; provided, however, that if Borrower does not receive notice from Issuing Bank by 10:00 a.m. (1California time) that a Reimbursement Payment is due, such Reimbursement Payment (together with interest thereon accruing at the Federal Funds Rate from and including the date such Drawing Payment is made but excluding the next succeeding Business Day) shall instead be due on the next succeeding Business Day after Borrower receives such notice, provided that Borrower shall make such Reimbursement Payment to, or cause such Reimbursement Payment to be made to, Agent for the benefit of the Lenders if, prior to the time such Reimbursement Payment is made, Issuing Bank has notified Borrower that it has requested the Lenders pursuant to clause (ii) of Subparagraph 2.02(d2.01(b)(iv) to pay to Issuing Bank their respective Revolving Loan Proportionate Shares of the Drawing Payment made by Issuing Bank and (2) Borrower shall pay interest on the amount of any Reimbursement Payment not paid on the same day as the applicable Drawing Payment at a per annum rate equal to (y) for the first day, the rate then applicable to Revolving Loans which are Base Rate Loans and (z) for the second day and any subsequent day, the rate then applicable to Revolving Loans which are Base Rate Loans plus two percent (2%) per annumBank. If any such Reimbursement Payment is made to Agent, Agent shall promptly pay to each Lender which has paid its Revolving Loan Proportionate Share of the Drawing Payment, such Lender’s Revolving Loan 's Proportionate Share of the Reimbursement Payment and shall promptly pay to Issuing Bank the balance of such Reimbursement Payment.

Time of Reimbursement. Not later than 11:00 a.m. on On the day following each Drawing Payment is to be made by Issuing Bank, Borrower shall make or cause to be made to Issuing Bank a payment in the amount of such Drawing Payment (a “"Reimbursement Payment”"), together with any accrued interest thereon as provided below; provided, however, that if Borrower does not receive notice from Issuing Bank by 10:00 a.m. (1California time) that a Reimbursement Payment is due, such Reimbursement Payment (together with interest thereon accruing at the Federal Funds Rate for each day from and including the date such Drawing Payment is made but excluding the date such Reimbursement Payment is made) shall instead be due on the next succeeding Business Day after Borrower receives such notice; provided, further, that Borrower shall make such Reimbursement Payment to, or cause such Reimbursement Payment to be made to, Agent for the benefit of the Facility A Lenders if, prior to the time such Reimbursement Payment is made, Issuing Bank has notified Borrower that it has requested the Facility Lenders pursuant to clause (ii) of Subparagraph 2.02(d2.01(b)(iv) to pay to Issuing Bank their respective Revolving Loan Proportionate Shares of the Drawing Payment made by Issuing Bank and (2) Borrower shall pay interest on the amount of any Reimbursement Payment not paid on the same day as the applicable Drawing Payment at a per annum rate equal to (y) for the first day, the rate then applicable to Revolving Loans which are Base Rate Loans and (z) for the second day and any subsequent day, the rate then applicable to Revolving Loans which are Base Rate Loans plus two percent (2%) per annumBank. If any such Reimbursement Payment is made to Agent, Agent shall promptly pay to each Facility A Lender which has paid its Revolving Loan Proportionate Share of the Drawing Payment, such Facility A Lender’s Revolving Loan 's Proportionate Share of the Reimbursement Payment and shall promptly pay to Issuing Bank the balance of such Reimbursement Payment.