Reimbursement. If an Issuing Bank shall make any LC Disbursement in respect of a Letter of Credit, shall reimburse such LC Disbursement by paying to [[Administrative Agent:Organization]], subject to this Section 2.06(e) and Section 2.06(k), in the Agreed Currency which was paid by such Issuing Bank pursuant to such LC Disbursement in an amount equal to such LC Disbursement) not later than 12:00 noon Local Time (or 3:00 p.m. Local Time in the event that is reimbursing such LC Disbursement with proceeds of a Swingline Loan), on the date that such LC Disbursement is made, if shall have received notice of such LC Disbursement prior to 10:00 a.m., Local Time, on such date, or, if such notice has not been received by prior to such time on such date, then not later than 12:00 noon, Local Time, on the Business Day immediately following the day that receives such notice; provided that, if such LC Disbursement is not less than the Equivalent Amount of $1,000,000, may, subject to the conditions to borrowing set forth herein, request in accordance with Section 2.03 or 2.055] that such payment be financed with an ABR Revolving Borrowing (in the case of any LC Disbursement made in Dollars) or a Swingline Loan (in the case of an LC Disbursement made in any Agreed Currency that is also an Agreed Currency for Swingline Loans) in the amount of such LC Disbursement and, to the extent so financed, ’s obligation to make such payment shall be discharged and replaced by the resulting ABR Revolving Borrowing or Swingline Loan. If fails to make such payment when due, then # if such payment relates to a Foreign Currency Letter of Credit, automatically and with no further action required, the obligation to reimburse the applicable LC Disbursement shall be permanently converted into an obligation to reimburse the Dollar Amount calculated as of the date when such payment was due, of such LC Disbursement and # in any such case, [[Administrative Agent:Organization]] shall notify each Lender of the applicable LC Disbursement, the payment then due from in respect thereof and such Lender’s Applicable Percentage thereof. Promptly following receipt of such notice, each Lender shall pay to [[Administrative Agent:Organization]] its Applicable Percentage of the payment then due from , in Dollars, in the same manner as provided in Section 2.07 with respect to Loans made by such Lender (and Section 2.07 shall apply, mutatis mutandis, to the payment obligations of [[Organization B:Organization]]), and [[Administrative Agent:Organization]] shall promptly pay to [[Issuing Bank:Organization]] the amounts so received by it from [[Organization B:Organization]]. Promptly following receipt by [[Administrative Agent:Organization]] of any payment from pursuant to this paragraph, [[Administrative Agent:Organization]] shall distribute such payment to [[Issuing Bank:Organization]] or, to the extent that [[Organization B:Organization]] have made payments pursuant to this paragraph to reimburse such Issuing Bank, then to such [[Organization B:Organization]] and such Issuing Bank as their interests may appear. Any payment made by a Lender pursuant to this paragraph to reimburse an Issuing Bank for any LC Disbursement (other than the funding of ABR Revolving Loans or a Swingline Loan as contemplated above) shall not constitute a Loan and shall not relieve of its obligation to reimburse such LC Disbursement. If ’s reimbursement of, or obligation to reimburse, any amounts in any Foreign Currency would subject [[Administrative Agent:Organization]], any Issuing Bank or any Lender to any stamp duty, ad valorem charge or similar tax that would not be payable if such reimbursement were made or required to be made in Dollars, shall, at its option, either # pay the amount of any such tax requested by [[Administrative Agent:Organization]], any [[Issuing Bank:Organization]] Bank or the relevant Lender or # reimburse each LC Disbursement made in such Foreign Currency in Dollars, in an amount equal to the Equivalent Amount, calculated using the applicable Exchange Rates, on the date such LC Disbursement is made, of such LC Disbursement.
Reimbursement. If an Issuing Bank shall make any LC Disbursement in respect of a Letter of Credit, shall reimburse such LC Disbursement by paying to [[the Administrative Agent:Organization]],Agent, subject to this Section[Section 2.06(e)] and Section[Section 2.06(k)], in the Agreed Currency which was paid by such Issuing Bank pursuant to such LC Disbursement in an amount equal to such LC Disbursement) not later than 12:00 noon Local Time (or 3:00 p.m. Local Time in the event that is reimbursing such LC Disbursement with proceeds of a Swingline Loan), on the date that such LC Disbursement is made, if shall have received notice of such LC Disbursement prior to 10:00 a.m., Local Time, on such date, or, if such notice has not been received by prior to such time on such date, then not later than 12:00 noon, Local Time, on the Business Day immediately following the day that receives such notice; provided that, if such LC Disbursement is not less than the Equivalent Amount of $1,000,000, may, subject to the conditions to borrowing set forth herein, request in accordance with Section[Section 2.03 or 2.055]05]5] that such payment be financed with an ABR Revolving Borrowing (in the case of any LC Disbursement made in Dollars) or a Swingline Loan (in the case of an LC Disbursement made in any Agreed Currency that is also an Agreed Currency for Swingline Loans) in the amount of such LC Disbursement and, to the extent so financed, ’s obligation to make such payment shall be discharged and replaced by the resulting ABR Revolving Borrowing or Swingline Loan. If fails to make such payment when due, then # if such payment relates to a Foreign Currency Letter of Credit,Credit issued in a Foreign Currency that is not an Agreed Currency for Revolving Loans (or to any Foreign Currency Letter of Credit at the option of the applicable Issuing Bank), automatically and with no further action required, the obligation to reimburse the applicable LC Disbursement shall be permanently converted into an obligation to reimburse the Dollar Amount calculated as of the date when such payment was due, of such LC Disbursement and # in any such case, [[the Administrative Agent:Organization]]Agent shall notify each Lender of the applicable LC Disbursement, the payment then due from in respect thereof and such Lender’s Applicable Percentage thereof. Promptly following receipt of such notice, each Lender shall pay to [[the Administrative Agent:Organization]]Agent its Applicable Percentage of the payment then due from , in Dollars, in the same manner as provided in Section[Section 2.0707] with respect to Loans made by such Lender (and Section[Section 2.0707] shall apply, mutatis mutandis, to the payment obligations of [[Organization B:Lenders:Organization]]), and [[the Administrative Agent:Organization]]Agent shall promptly pay to [[the applicable Issuing Bank:Organization]]Bank the amounts so received by it from [[Organization B:Lenders:Organization]]. Promptly following receipt by [[the Administrative Agent:Organization]]Agent of any payment from pursuant to this paragraph, [[the Administrative Agent:Organization]]Agent shall distribute such payment to [[the applicable Issuing Bank:Organization]]Bank or, to the extent that [[Organization B:Lenders:Organization]] have made payments pursuant to this paragraph to reimburse such Issuing Bank, then to such [[Organization B:Lenders:Organization]] and such Issuing Bank as their interests may appear. Any payment made by a Lender pursuant to this paragraph to reimburse an Issuing Bank for any LC Disbursement (other than the funding of ABR Revolving Loans or a Swingline Loan as contemplated above) shall not constitute a Loan and shall not relieve of its obligation to reimburse such LC Disbursement. If ’s reimbursement of, or obligation to reimburse, any amounts in any Foreign Currency would subject [[the Administrative Agent:Organization]],Agent, any Issuing Bank or any Lender to any stamp duty, ad valorem charge or similar tax that would not be payable if such reimbursement were made or required to be made in Dollars, shall, at its option, either # pay the amount of any such tax requested by [[the Administrative Agent:Organization]],Agent, any [[applicable Issuing Bank:Organization]] Bank or the relevant Lender or # reimburse each LC Disbursement made in such Foreign Currency in Dollars, in an amount equal to the Equivalent Amount, calculated using the applicable Exchange Rates, on the date such LC Disbursement is made, of such LC Disbursement.
Reimbursement. If anthe relevant Issuing Bank shall make any LC Disbursement in respect of a Letter of Credit, shall reimburse such LC Disbursement by paying to [[Administrative Agent:Organization]], subject in Dollars the Dollar Amount equal to this Section 2.06(e) and Section 2.06(k)such LC Disbursement, calculated as of the date such Issuing Bank made such LC Disbursement (or if such Issuing Bank shall so elect in its sole discretion by notice to , in thesuch other Agreed Currency which was paid by such Issuing Bank pursuant to such LC Disbursement in an amount equal to such LC Disbursement) not later than 12:00 noonnoon, Local Time (or 3:00 p.m. Local Time in the event that is reimbursing such LC Disbursement with proceeds of a Swingline Loan),Time, on the date that such LC Disbursement is made, if shall have received notice of such LC Disbursement prior to 10:00 a.m., Local Time, on such date, or, if such notice has not been received by prior to such time on such date, then not later than 12:00 noon, Local Time, on the Business Day immediately following the day that receives such notice;notice, if such notice is not received prior to such time on the day of receipt; provided that, if such LC Disbursement is not less than the EquivalentDollar Amount of $1,000,000, may, subject to the conditions to borrowing set forth herein, request in accordance with Section 2.03 or 2.055]05 that such payment be financed with # to the extent such LC Disbursement was made in Dollars, an ABR Revolving Borrowing, Term Benchmark Revolving Borrowing (in the case of anyor Dollar Swingline Loan in an amount equal to such LC Disbursement or # to the extent that such LC Disbursement was made in Dollars)a Foreign Currency, a Term Benchmark Revolving Borrowing or a Swingline Loan (in the case of an LC Disbursement madeRFR Revolving Borrowing in any Agreedsuch Foreign Currency that is alsoin an Agreed Currency for Swingline Loans) in the amount ofequal to such LC Disbursement and, in each case, to the extent so financed, ’s obligation to make such payment shall be discharged and replaced by the resulting ABR Revolving Borrowing, Term Benchmark Revolving Borrowing, RFR Revolving Borrowing or Dollar Swingline Loan.Loan, as applicable. If fails to make such payment when due, then # if such payment relates to a Foreign Currency Letter of Credit, automatically and with no further action required, the obligation to reimburse the applicable LC Disbursement shall be permanently converted into an obligation to reimburse the Dollar Amount calculated as of the date when such payment was due, of such LC Disbursement and # in any such case, [[Administrative Agent:Organization]] shall notify each Applicable Lender of the applicable LC Disbursement, the payment then due from in respect thereof and such Lender’s Applicable Percentage thereof. Promptly following receipt of such notice, each Applicable Lender shall pay to [[Administrative Agent:Organization]] its Applicable Percentage of the payment then due from , in Dollars, in the same manner as provided in Section 2.07 with respect to Loans made by such Lender (and Section 2.07 shall apply, mutatis mutandis, to the payment obligations of the Applicable [[Organization B:A:Organization]]), and [[Administrative Agent:Organization]] shall promptly pay to [[the relevant Issuing Bank:Organization]]Bank the amounts so received by it from the Applicable [[Organization B:A:Organization]]. Promptly following receipt by [[Administrative Agent:Organization]] of any payment from pursuant to this paragraph, [[Administrative Agent:Organization]] shall distribute such payment to [[such Issuing Bank:Organization]]Bank or, to the extent that Applicable [[Organization B:A:Organization]] have made payments pursuant to this paragraph to reimburse such Issuing Bank, then to such [[Organization B:A:Organization]] and such Issuing Bank as their interests may appear. Any payment made by aan Applicable Lender pursuant to this paragraph to reimburse anthe relevant Issuing Bank for any LC Disbursement (other than the funding of ABR Revolving Loans or a Dollar Swingline Loan as contemplated above) shall not constitute a Loan and shall not relieve of its obligation to reimburse such LC Disbursement. If ’s reimbursement of, or obligation to reimburse, any amounts in any Foreign Currency would subject [[Administrative Agent:Organization]], any Issuing Bank or any Global Tranche Lender to any stamp duty, ad valorem charge or similar tax that would not be payable if such reimbursement were made or required to be made in Dollars, shall, at its option, either # pay the amount of any such tax requested by [[Administrative Agent:Organization]], any [[the relevant Issuing Bank:Organization]] Bank or the relevant Global Tranche Lender or # reimburse each LC Disbursement made in such Foreign Currency in Dollars, in an amount equal to the Equivalent Amount,Dollar Amount thereof calculated using the applicable Exchange Rates, on the date such LC Disbursement is made, of such LC Disbursement.made.
Reimbursement. If an Issuing Bank shall make any LC Disbursement in respect of a Letter of Credit, the applicable Borrower shall reimburse such LC Disbursement by paying to [[the Administrative Agent:Organization]], subject to this Section 2.06(e) and Section 2.06(k),Agent an amount in the Agreed Currency which was paid bycurrency of such Issuing Bank pursuantLC Disbursement equal to such LC Disbursement in an amount equal to such LC Disbursement) not later than 12:00 noonnoon, Local Time (or 3:00 p.m. Local Time in the event that is reimbursing such LC Disbursement with proceeds of a Swingline Loan),Time, on the date that such LC Disbursement is made, if such Borrower shall have received notice of such LC Disbursement prior to 10:00 a.m., Local Time, on such date, or, if such notice has not been received by such Borrower prior to such time on such date, then not later than 12:00 noon, Local Time, on # the Business Day that such Borrower receives such notice, if such notice is received prior to 10:00 a.m., Local Time, on the day of receipt, or # the Business Day immediately following the day that such Borrower receives such notice;notice, if such notice is not received prior to such time on the day of receipt; provided that,that if such LC Disbursement is denominated in US Dollars and is not less than the Equivalent Amount of $1,US$1,000,000, the applicable Borrower may, subject to the conditions to borrowing set forth herein, request in accordance with Section[Section 2.03 or 2.055]04]4] that such payment be financed with an ABR Revolving Borrowing (in the case of any LC Disbursement made in Dollars) or a Swingline Loan (in the case ofin an LC Disbursement made in any Agreed Currency that is also an Agreed Currency for Swingline Loans) in theequivalent amount of such LC Disbursement and, to the extent so financed, ’such Borrower’s obligation to make such payment shall be discharged and replaced by the resulting ABR Revolving Borrowing or Swingline Loan. If the applicable Borrower fails to make any such reimbursement payment when due, then # if such payment relates to a Foreign Currency Letter of Credit,Credit denominated in a currency other than US Dollars, Euros, Canadian Dollars or another Alternative Currency, automatically and with no further action required, the obligation of such Borrower to reimburse the applicable LC Disbursement shall be permanently converted into an obligation to reimburse the US Dollar AmountEquivalent, calculated as ofusing the date when such payment was due,LC Exchange Rate on the applicable LC Participation Calculation Date, of such LC Disbursement and # in any such case, [[the case of each LC Disbursement, the Administrative Agent:Organization]]Agent shall notify each Global Tranche Lender of the applicable LC Disbursement, the amount and currency of the payment then due from such Borrower in respect thereof and such Lender’s ApplicableGlobal Tranche Percentage thereof. Promptly following receipt of such notice, each Global Tranche Lender shall pay to [[the Administrative Agent:Organization]]Agent on the date such notice is received, in the applicable currency, its ApplicableGlobal Tranche Percentage of the applicable LC Disbursement payment then due from , in Dollars,such Borrower, in the same manner as provided in Section 2.0706 with respect to Loans made by such Lender (and Section 2.0706 shall apply, mutatis mutandis, to the payment obligations of [[Organization B:Organization]])the Lenders pursuant to this paragraph), and [[the Administrative Agent:Organization]]Agent shall promptly pay to [[the applicable Issuing Bank:Organization]]Bank the amounts so received by it from [[Organization B:Organization]].the Lenders. Promptly following receipt by [[the Administrative Agent:Organization]]Agent of any payment from a Borrower pursuant to this paragraph, [[the Administrative Agent:Organization]]Agent shall distribute such payment to [[the applicable Issuing Bank:Organization]]Bank or, to the extent that [[Organization B:Organization]]Lenders have made payments pursuant to this paragraph to reimburse such Issuing Bank, then to such [[Organization B:Organization]]Lenders and such Issuing Bank as their interests may appear. Any payment made by a Lender pursuant to this paragraph to reimburse an Issuing Bank for any LC Disbursement (other than the funding of ABR Revolving Loans or a Swingline Loan as contemplated above) shall not constitute a Loan and shall not relieve the applicable Borrower of its obligation to reimburse such LC Disbursement. If ’s reimbursement of, or obligation to reimburse, any amounts in any Foreign Currency would subject [[Administrative Agent:Organization]], any Issuing Bank or any Lender to any stamp duty, ad valorem charge or similar tax that would not be payable if such reimbursement were made or required to be made in Dollars, shall, at its option, either # pay the amount of any such tax requested by [[Administrative Agent:Organization]], any [[Issuing Bank:Organization]] Bank or the relevant Lender or # reimburse each LC Disbursement made in such Foreign Currency in Dollars, in an amount equal to the Equivalent Amount, calculated using the applicable Exchange Rates, on the date such LC Disbursement is made, of such LC Disbursement.
Reimbursement. If an Issuing Bank shall make any LC Disbursement in respect of a Letter of Credit, the applicable Borrower shall reimburse such LC Disbursement by paying to [[the Administrative Agent:Organization]], subject to this Section 2.06(e) and Section 2.06(k),Agent an amount in the Agreed Currency which was paid bycurrency of such Issuing Bank pursuantLC Disbursement equal to such LC Disbursement in an amount equal to such LC Disbursement) not later than 12:00 noonnoon, Local Time (or 3:00 p.m. Local Time in the event that is reimbursing such LC Disbursement with proceeds of a Swingline Loan),Time, on the date that such LC Disbursement is made, if such Borrower shall have received notice of such LC Disbursement prior to 10:00 a.m., Local Time, on such date, or, if such notice has not been received by such Borrower prior to such time on such date, then not later than 12:00 noon, Local Time, on # the Business Day that such Borrower receives such notice, if such notice is received prior to 10:00 a.m., Local Time, on the day of receipt, or # the Business Day immediately following the day that such Borrower receives such notice;notice, if such notice is not received prior to such time on the day of receipt; provided that,that if such LC Disbursement is denominated in US Dollars and is not less than the Equivalent Amount of $1,000,000, the applicable Borrower may, subject to the conditions to borrowing set forth herein, request in accordance with Section[Section 2.03 or 2.055]04]4] that such payment be financed with an ABR Revolving Borrowing (in the case of any LC Disbursement made in Dollars) or a Swingline Loan (in the case ofin an LC Disbursement made in any Agreed Currency that is also an Agreed Currency for Swingline Loans) in theequivalent amount of such LC Disbursement and, to the extent so financed, ’such Borrower’s obligation to make such payment shall be discharged and replaced by the resulting ABR Revolving Borrowing or Swingline Loan. If the applicable Borrower fails to make any such reimbursement payment when due, then # if such payment relates to a Foreign Currency Letter of Credit,Credit denominated in a currency other than US Dollars, Euros, Canadian Dollars or another Alternative Currency, automatically and with no further action required, the obligation of such Borrower to reimburse the applicable LC Disbursement shall be permanently converted into an obligation to reimburse the US Dollar AmountEquivalent, calculated as ofusing the date when such payment was due,LC Exchange Rate on the applicable LC Participation Calculation Date, of such LC Disbursement and # in any such case, [[the case of each LC Disbursement, the Administrative Agent:Organization]]Agent shall notify each Global Tranche Lender of the applicable LC Disbursement, the amount and currency of the payment then due from such Borrower in respect thereof and such Lender’s ApplicableGlobal Tranche Percentage thereof. Promptly following receipt of such notice, each Global Tranche Lender shall pay to [[the Administrative Agent:Organization]]Agent on the date such notice is received, in the applicable currency, its ApplicableGlobal Tranche Percentage of the applicable LC Disbursement payment then due from , in Dollars,such Borrower, in the same manner as provided in Section 2.0706 with respect to Loans made by such Lender (and Section 2.0706 shall apply, mutatis mutandis, to the payment obligations of [[Organization B:Organization]])the Lenders pursuant to this paragraph), and [[the Administrative Agent:Organization]]Agent shall promptly pay to [[the applicable Issuing Bank:Organization]]Bank the amounts so received by it from [[Organization B:Organization]].the Lenders. Promptly following receipt by [[the Administrative Agent:Organization]]Agent of any payment from a Borrower pursuant to this paragraph, [[the Administrative Agent:Organization]]Agent shall distribute such payment to [[the applicable Issuing Bank:Organization]]Bank or, to the extent that [[Organization B:Organization]]Lenders have made payments pursuant to this paragraph to reimburse such Issuing Bank, then to such [[Organization B:Organization]]Lenders and such Issuing Bank as their interests may appear. Any payment made by a Lender pursuant to this paragraph to reimburse an Issuing Bank for any LC Disbursement (other than the funding of ABR Revolving Loans or a Swingline Loan as contemplated above) shall not constitute a Loan and shall not relieve the applicable Borrower of its obligation to reimburse such LC Disbursement. If ’s reimbursement of, or obligation to reimburse, any amounts in any Foreign Currency would subject [[Administrative Agent:Organization]], any Issuing Bank or any Lender to any stamp duty, ad valorem charge or similar tax that would not be payable if such reimbursement were made or required to be made in Dollars, shall, at its option, either # pay the amount of any such tax requested by [[Administrative Agent:Organization]], any [[Issuing Bank:Organization]] Bank or the relevant Lender or # reimburse each LC Disbursement made in such Foreign Currency in Dollars, in an amount equal to the Equivalent Amount, calculated using the applicable Exchange Rates, on the date such LC Disbursement is made, of such LC Disbursement.
Reimbursement. If anthe relevant Issuing Bank shall make any LC Disbursement in respect of a Letter of Credit, the Company shall reimburse such LC Disbursement by paying to [[the Administrative Agent:Organization]], subjectAgent in Dollars the Dollar Amount equal to this Section 2.06(e) and Section 2.06(k),such LC Disbursement, calculated as of the date such Issuing Bank made such LC Disbursement (or if such Issuing Bank shall so elect in its sole discretion by notice to the Company, in such other Agreed Currency which was paid by such Issuing Bank pursuant to such LC Disbursement in an amount equal to such LC Disbursement) not later than 12:00 noonnoon, Local Time (or 3:00 p.m. Local Time inTime, on the event that is reimbursing such LC Disbursement with proceeds of a Swingline Loan), onBusiness Day following the date that such LC Disbursement is made, if the Company shall have received notice of such LC Disbursement prior to 10:00 a.m., Local Time, on such date, or, if such notice has not been received by prior to such time on such date, then not later than 12:00 noon, Local Time, onDisbursement; provided that the Business Day immediately following the day that receives such notice; provided that, if such LC Disbursement is not less than the Equivalent Amount of $1,000,000, Company may, subject to the conditions to borrowing set forth herein, request in accordance with Section[Section 2.03 or 2.055]03] that such payment be financed with # to the extent such LC Disbursement was made in Dollars, an ABR Revolving Borrowing (in the case of any LC Disbursement madeor EurocurrencyTerm Benchmark Revolving Borrowing in Dollars) or a Swingline Loan (in the case ofDollars in an LC Disbursement made in any Agreed Currency that is also an Agreed Currency for Swingline Loans) in the amount ofequal to such LC Disbursement or # to the extent that such LC Disbursement was made in a Foreign Currency, a EurocurrencyTerm Benchmark Revolving Borrowing or an RFR Borrowing in such Foreign Currency in an amount equal to such LC Disbursement and, in each case, to the extent so financed, ’the Company’s obligation to make such payment shall be discharged and replaced by the resulting ABR Revolving Borrowing or Swingline Loan.Eurocurrency, Term Benchmark Revolving Borrowing or RFR Revolving Borrowing, as applicable. If the Company fails to make such payment when due, then # if such payment relates to a Foreign Currency Letter of Credit, automatically and with no further action required, the obligation to reimburse the applicable LC Disbursement shall be permanently converted into an obligation to reimburse the Dollar Amount calculated as of the date when such payment was due, of such LC Disbursement and # in any such case, [[Administrative Agent:Organization]]Agent shall notify each Revolving Lender of the applicable LC Disbursement, the payment then due from the Company in respect thereof and such Lender’s Applicable Percentage thereof. Promptly following receipt of such notice, each Revolving Lender shall pay to [[the Administrative Agent:Organization]]Agent its Applicable Percentage of the payment then due from , in Dollars,the Company, in the same manner as provided in Section[Section 2.0707] with respect to Loans made by such Lender (and Section[Section 2.0707] shall apply, mutatis mutandis, to the payment obligations of [[Organization B:Organization]])the Revolving Lenders), and [[the Administrative Agent:Organization]]Agent shall promptly pay to [[the relevant Issuing Bank:Organization]]Bank the amounts so received by it from [[Organization B:Organization]].the Revolving Lenders. Promptly following receipt by [[the Administrative Agent:Organization]]Agent of any payment from the Company pursuant to this paragraph, [[the Administrative Agent:Organization]]Agent shall distribute such payment to [[the relevant Issuing Bank:Organization]]Bank or, to the extent that [[Organization B:Organization]]Revolving Lenders have made payments pursuant to this paragraph to reimburse such Issuing Bank, then to such [[Organization B:Organization]]Lenders and such Issuing Bank as their interests may appear. Any payment made by a Revolving Lender pursuant to this paragraph to reimburse anthe relevant Issuing Bank for any LC Disbursement (other than the funding of ABR Revolving Loans or a Swingline Loan as contemplated above) shall not constitute a Loan and shall not relieve the Company of its obligation to reimburse such LC Disbursement. If ’the Company’s reimbursement of, or obligation to reimburse, any amounts in any Foreign Currency would subject [[the Administrative Agent:Organization]],Agent, any Issuing Bank or any Lender to any stamp duty, ad valorem charge or similar tax that would not be payable if such reimbursement were made or required to be made in Dollars, the Company shall, at its option, either # pay the amount of any such tax requested by [[the Administrative Agent:Organization]], any [[Agent, the relevant Issuing Bank:Organization]] Bank or the relevant Lender or # reimburse each LC Disbursement made in such Foreign Currency in Dollars, in an amount equal to the Equivalent Amount,Dollar Amount thereof calculated using the applicable Exchange Rates, on the date such LC Disbursement is made, of such LC Disbursement.made.
Reimbursement. If an Issuing Bank shall make any LC Disbursement in respect of a Letter of Credit, the Company shall reimburse such LC Disbursement by paying to [[the Administrative Agent:Organization]], subject to this Section 2.06(e) and Section 2.06(k), in the Agreed Currency which was paid by such Issuing Bank pursuant to such LC Disbursement inAgent an amount equal to such LC Disbursement)Disbursement not later than 12:00 noonnoon, Local Time (or 3:00 p.m. Local Time in the event that is reimbursing such LC Disbursement with proceeds of a Swingline Loan),Time, on the date that such LC Disbursement is made, if the Company shall have received notice of such LC Disbursement prior to 10:00 a.m., Local Time, on such date, or, if such notice has not been received by the Company prior to such time on such date, then not later than 12:00 noon, Local Time, on the Business Day immediately following the day that the Company receives such notice; provided that,notice, if such LC Disbursementnotice is not less thanreceived prior to such time on the Equivalent Amountday of $1,000,000, receipt; provided that the Company may, subject to the conditions to borrowing set forth herein, request in accordance with Section[Section 2.03 or 2.055]04]4] that such payment be financed with an ABR Revolving Borrowing (in the case of any LC Disbursement made in Dollars) or a Swingline Loan (in the case ofin an LC Disbursement made in any Agreed Currency that is also an Agreed Currency for Swingline Loans) in theequivalent amount of such LC Disbursement and, to the extent so financed, ’the Company’s obligation to make such payment shall be discharged and replaced by the resulting ABR Revolving Borrowing or Swingline Loan. If the Company fails to make such payment when due, then #such amount, if such payment relates to adenominated in Foreign Currency Letter of Credit, automatically and with no further action required, the obligation to reimburse the applicable LC Disbursement(other than an amount in Canadian Dollars constituting an ABR Borrowing) shall be permanently converted into an obligation to reimburseDollars and shall bear interest at the Dollar Amount calculated as ofAlternate Base Rate and the date when such payment was due, of such LC Disbursement and # in any such case, [[Administrative Agent:Organization]]Agent shall notify each Lender of the applicable LC Disbursement, the payment then due from the Company in respect thereof and such Lender’s Applicable Percentage thereof. Promptly following receipt of such notice, each Lender shall pay to [[the Administrative Agent:Organization]]Agent its Applicable Percentage of the payment then due from , in Dollars,the Company, in the same manner as provided in Section[Section 2.0706] with respect to Loans made by such Lender (and Section[Section 2.0706] shall apply, mutatis mutandis, to the payment obligations of the [[Organization B:Parties:Organization]]), and [[the Administrative Agent:Organization]]Agent shall promptly pay to [[the applicable Issuing Bank:Organization]]Bank the amounts so received by it from the [[Organization B:Parties:Organization]]. Promptly following receipt by [[the Administrative Agent:Organization]]Agent of any payment from the Company pursuant to this paragraph, [[the Administrative Agent:Organization]]Agent shall distribute such payment to [[the applicable Issuing Bank:Organization]]Bank or, to the extent that [[Organization B:Parties:Organization]] have made payments pursuant to this paragraph to reimburse suchthe applicable Issuing Bank, then to such [[Organization B:Parties:Organization]] and suchthe applicable Issuing Bank as their interests may appear. Any payment made by a Lender pursuant to this paragraph to reimburse anthe applicable Issuing Bank for any LC Disbursement (other than the funding of ABR Revolving Loans or a Swingline Loan as contemplated above) shall not constitute a Loan and shall not relieve the Company of its obligation to reimburse such LC Disbursement. If ’s reimbursement of, or obligation to reimburse, any amounts in any Foreign Currency would subject [[Administrative Agent:Organization]], any Issuing Bank or any Lender to any stamp duty, ad valorem charge or similar tax that would not be payable if such reimbursement were made or required to be made in Dollars, shall, at its option, either # pay the amount of any such tax requested by [[Administrative Agent:Organization]], any [[Issuing Bank:Organization]] Bank or the relevant Lender or # reimburse each LC Disbursement made in such Foreign Currency in Dollars, in an amount equal to the Equivalent Amount, calculated using the applicable Exchange Rates, on the date such LC Disbursement is made, of such LC Disbursement.
Reimbursement. If an Issuing Bank shall make any LC Disbursement in respect of a Letter of Credit, the applicable Borrower shall reimburse such LC Disbursement by paying to [[the Administrative Agent:Organization]], subject to this Section 2.06(e) and Section 2.06(k),Agent an amount in the Agreed Currency which was paid bycurrency of such Issuing Bank pursuantLC Disbursement equal to such LC Disbursement in an amount equal to such LC Disbursement) not later than 12:00 noon Local Time (or 3:00 p.m. Local Time in the event that is reimbursing such LC Disbursement with proceeds of a Swingline Loan),noon, New York City time, on the date that such LC Disbursement is made, if such Borrower shall have received notice of such LC Disbursement prior to 10:00 a.m., Local Time,New York City time, on such date, or, if such notice has not been received by such Borrower prior to such time on such date, then not later than 12:00 noon, Local Time,New York City time, on # the Business Day that such Borrower receives such notice, if such notice is received prior to 10:00 a.m., New York City time, on the day of receipt, or # the Business Day immediately following the day that such Borrower receives such notice;notice, if such notice is not received prior to such time on the day of receipt; provided that,that if such LC Disbursement is denominated in US Dollars and is not less than the Equivalent Amount of $1,US$1,000,000, the applicable Borrower may, subject to the conditions to borrowing set forth herein, request in accordance with Section[Section 2.03 or 2.055]04]4] that such payment be financed with an ABR Revolving Borrowing (in the case of any LC Disbursement made in Dollars) or a Swingline Loan (in the case ofin an LC Disbursement made in any Agreed Currency that is also an Agreed Currency for Swingline Loans) in theequivalent amount of such LC Disbursement and, to the extent so financed, ’such Borrower’s obligation to make such payment shall be discharged and replaced by the resulting ABR Revolving Borrowing or Swingline Loan. If the applicable Borrower fails to make any such reimbursement payment when due, then # if such payment relates to a Foreign Currency Letter of Credit,Credit denominated in a currency other than US Dollars, Euro, Canadian Dollars or another Alternative Currency, automatically and with no further action required, the obligation of such Borrower to reimburse the applicable LC Disbursement shall be permanently converted into an obligation to reimburse the US Dollar AmountEquivalent, calculated as ofby the date when such payment was due,Administrative Agent using the LC Exchange Rate on the applicable LC Participation Calculation Date, of such LC Disbursement and # in any such case, [[Administrative Agent:Organization]]the case of each LC Disbursement, the applicable Issuing Bank shall notify the Administrative Agent, whereupon the Administrative Agent shall notify each Global Tranche Lender of the applicable LC Disbursement, the amount and currency of the payment then due from such Borrower in respect thereof and such Lender’s ApplicableGlobal Tranche Percentage thereof. Promptly following receipt of such notice,notice (and, in any event, no later than the immediately following Business Day), each Global Tranche Lender shall pay to [[the Administrative Agent:Organization]]Agent, in the applicable currency, its ApplicableGlobal Tranche Percentage of the applicable LC Disbursement payment then due from , in Dollars,such Borrower, in the same manner as provided in Section[Section 2.0706] with respect to Loans made by such Lender (and Section[Section 2.0706] shall apply, mutatis mutandis, to the payment obligations of [[Organization B:Organization]])the Lenders pursuant to this paragraph), and [[the Administrative Agent:Organization]]Agent shall promptly pay to [[the applicable Issuing Bank:Organization]]Bank the amounts so received by it from [[Organization B:Organization]].the Lenders. Promptly following receipt by [[the Administrative Agent:Organization]]Agent of any payment from a Borrower pursuant to this paragraph, [[the Administrative Agent:Organization]]Agent shall distribute such payment to [[the applicable Issuing Bank:Organization]]Bank or, to the extent that [[Organization B:Organization]]Lenders have made payments pursuant to this paragraph to reimburse such Issuing Bank, then to such [[Organization B:Organization]]Lenders and such Issuing Bank as their interests may appear. Any payment made by a Global Tranche Lender pursuant to this paragraph to reimburse an Issuing Bank for any LC Disbursement (other than the funding of ABR Revolving Loans or a Swingline Loan as contemplated above) shall not constitute a Loan and shall not relieve the applicable Borrower of its obligation to reimburse such LC Disbursement. If ’s reimbursement of, or obligation to reimburse, any amounts in any Foreign Currency would subject [[Administrative Agent:Organization]], any Issuing Bank or any Lender to any stamp duty, ad valorem charge or similar tax that would not be payable if such reimbursement were made or required to be made in Dollars, shall, at its option, either # pay the amount of any such tax requested by [[Administrative Agent:Organization]], any [[Issuing Bank:Organization]] Bank or the relevant Lender or # reimburse each LC Disbursement made in such Foreign Currency in Dollars, in an amount equal to the Equivalent Amount, calculated using the applicable Exchange Rates, on the date such LC Disbursement is made, of such LC Disbursement.
Reimbursement. If an Issuing Bank shall make any LC Disbursement in respect of a Letter of Credit, the Borrower shall reimburse such LC Disbursement by paying to [[the Administrative Agent:Organization]], subject to this Section 2.06(e) and Section 2.06(k), inAgent an amount (in the Agreed Currency which was paid by such Issuing Bank pursuantapplicable currency) equal to such LC Disbursement in an amount equal to such LC Disbursement) not later than 12:00 noon Local Time (or 3:00 p.m. Local Time in the event that is reimbursing such LC Disbursement with proceeds of a Swingline Loan)(noon), on the date that such LC Disbursement is made, if shall have received notice of such LC Disbursement prior to 10:00 a.m., Local Time, on such date, or, if such notice has not been received by prior to such time on such date, then not later than 12:00 noon, Local Time,New York City time, on the Business Day immediately following the day that the Borrower receives such notice; providedprovided, that, if such LC Disbursement is not less than the Dollar Equivalent Amount of $1,000,$500,000, the Borrower may, subject to the conditions to borrowing set forth herein, request in accordance with Section 2.03 or 2.055]04 that such payment be financed with an ABR Revolving Borrowing (in the case of any LC Disbursement made in Dollars) or a Swingline Loan (inin an equivalent amount equal to the case of an LC Disbursement made in any Agreed Currency that is also an Agreed Currency for Swingline Loans) in the amount of such LC DisbursementDollar Equivalent thereof and, to the extent so financed, ’the Borrower’s obligation to make such payment shall be discharged and replaced by the resulting ABR Revolving Borrowing or Swingline Loan. If the Borrower fails to make such payment when due, then # if such payment relates to a Foreign Currency Letter of Credit, automatically and with no further action required, the obligation to reimburse the applicable LC Disbursement shall be permanently converted into an obligation to reimburse the Dollar Amount calculated as of the date when such payment was due, of such LC Disbursement and # in any such case, [[Administrative Agent:Organization]]Agent shall notify each Lender of the applicable LC Disbursement, the payment then due from the Borrower in respect thereof and such Lender’s Applicable Percentage of the Dollar Equivalent thereof. Promptly following receipt of such notice, each Lender shall pay to [[the Administrative Agent:Organization]]Agent its Applicable Percentage of the payment then due from ,the Borrower in Dollars,Dollars based on the Dollar Equivalent thereof, in the same manner as provided in Section 2.07 with respect to Loans made by such Lender (and Section 2.07 shall apply, mutatis mutandis, to the payment obligations of [[Organization B:Organization]])the Lenders), and [[the Administrative Agent:Organization]]Agent shall promptly pay to [[the applicable Issuing Bank:Organization]]Bank the amounts so received by it from [[Organization B:Organization]].the Lenders. Promptly following receipt by [[the Administrative Agent:Organization]]Agent of any payment from the Borrower pursuant to this paragraph, [[the Administrative Agent:Organization]]Agent shall distribute such payment to [[the applicable Issuing Bank:Organization]]Bank or, to the extent that [[Organization B:Organization]]Lenders have made payments pursuant to this paragraph to reimburse such Issuing Bank, then to such [[Organization B:Organization]]Lenders and such Issuing Bank as their interests may appear. Any payment made by a Lender pursuant to this paragraph to reimburse anany Issuing Bank for any LC Disbursement (other than the funding of ABR Revolving Loans or a Swingline Loan as contemplated above) shall not constitute a Loan and shall not relieve the Borrower of its obligation to reimburse such LC Disbursement. If ’s reimbursement of, or obligation to reimburse, any amounts in any Foreign Currency would subject [[Administrative Agent:Organization]], any Issuing Bank or any Lender to any stamp duty, ad valorem charge or similar tax that would not be payable if such reimbursement were made or required to be made in Dollars, shall, at its option, either # pay the amount of any such tax requested by [[Administrative Agent:Organization]], any [[Issuing Bank:Organization]] Bank or the relevant Lender or # reimburse each LC Disbursement made in such Foreign Currency in Dollars, in an amount equal to the Equivalent Amount, calculated using the applicable Exchange Rates, on the date such LC Disbursement is made, of such LC Disbursement.
Reimbursement. If an Issuing Bank shall make any LC Disbursement in respect of a Letter of Credit, the Borrowers shall reimburse such LC Disbursement by paying to [[the Issuing Bank, with notice of such payment given to the Administrative Agent:Organization]], subject to this Section 2.06(e) and Section 2.06(k), in the Agreed Currency which was paid by such Issuing Bank pursuant to such LC Disbursement inAgent, an amount equal to such LC Disbursement)Disbursement in dollars not later than 12:00 noon Local Time (or 3:4:00 p.m. Local Time in the event that is reimbursing such LC Disbursement with proceeds of a Swingline Loan), on the date that such LC Disbursement is made, if shall have received notice of such LC Disbursement prior to 10:00 a.m., Local Time, on such date, or, if such notice has not been received by prior to such time on such date, then not later than 12:00 noon, Local Time,New York City time, on the Business Day immediately following the day that receivesthe Borrowers receive notice of such notice;LC Disbursement; provided that, if such LC Disbursement is not less than the Dollar Equivalent Amount of $1,000,000, the Borrowers may, subject to the conditions to borrowing set forth herein, request in accordance with Section[Section 2.0303] or [Section 2.055]04] that such payment be financed with an ABR Revolving Loan Borrowing (in the case of any LC Disbursement made in Dollars) or a Swingline Loan (in theLoan, in each case ofin an LC Disbursement made in any Agreed Currency that is also an Agreed Currency for Swingline Loans) in the amount of such LC Disbursementequivalent amount, and, to the extent so financed, ’sthe Borrowers’ obligation to make such payment shall be discharged and replaced by the resulting ABR Revolving Loan Borrowing or Swingline Loan. If failsthe Borrowers fail to make such payment when due, then # if such payment relates to a Foreign Currency Letter of Credit, automatically and with no further action required, the obligation to reimburse the applicable LC Disbursement shall be permanently converted into an obligation to reimburse the Dollar Amount calculated as of the date when such payment was due, of such LC Disbursement and # in any such case, [[Administrative Agent:Organization]]Agent shall notify each Revolving Lender of the applicable LC Disbursement, the payment then due from the Borrowers in respect thereof and such Revolving Lender’s Applicable Percentage thereof. Promptly following receipt of such notice, each Revolving Lender shall pay to [[the Administrative Agent:Organization]]Agent its Applicable Percentage of the payment then due from ,the Borrowers, in Dollars,dollars and in the same manner as provided in Section[Section 2.0706] with respect to Loans made by such Lender (and Section[Section 2.0706] shall apply, mutatis mutandis, to the payment obligations of [[Organization B:Organization]])the Revolving Lenders pursuant to this paragraph), and [[the Administrative Agent:Organization]]Agent shall promptly payremit to [[the applicable Issuing Bank:Organization]]Bank the amounts so received by it from [[Organization B:Organization]].the Revolving Lenders. Promptly following receipt by [[the Administrative Agent:Organization]]Agent of any payment from the Borrowers pursuant to this paragraph, [[the Administrative Agent:Organization]]Agent shall distribute such payment to [[the applicable Issuing Bank:Organization]]Bank in dollars or, to the extent that [[Organization B:Organization]]Revolving Lenders have made payments pursuant to this paragraph to reimburse such Issuing Bank, then to such [[Organization B:Organization]]Revolving Lenders and such Issuing Bank as their interests may appear. Any payment made by a Revolving Lender pursuant to this paragraph to reimburse anany Issuing Bank for any LC Disbursement (other than the funding of ABR Revolving Loans or a Swingline Loan as contemplated above) shall not constitute a Loan and shall not relieve the Borrowers of itstheir obligation to reimburse such LC Disbursement. If ’s reimbursement of, or obligation to reimburse, any amounts in any Foreign Currency would subject [[Administrative Agent:Organization]], any Issuing Bank or any Lender to any stamp duty, ad valorem charge or similar tax that would not be payable if such reimbursement were made or required to be made in Dollars, shall, at its option, either # pay the amount of any such tax requested by [[Administrative Agent:Organization]], any [[Issuing Bank:Organization]] Bank or the relevant Lender or # reimburse each LC Disbursement made in such Foreign Currency in Dollars, in an amount equal to the Equivalent Amount, calculated using the applicable Exchange Rates, on the date such LC Disbursement is made, of such LC Disbursement.
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