Reimbursements. If an Issuing Bank shall make an LC Disbursement in respect of a Letter of Credit, the Borrower shall reimburse such LC Disbursement by paying to the Administrative Agent an amount equal to such LC Disbursement not later than , Pacific time, on the second Business Day immediately following the day that the Borrower receives notice of such LC Disbursement; provided that the Borrower may, subject to the conditions to borrowing set forth herein, request in accordance with [[Section 2.03 or 2.04]4]]4] that such payment be financed with a Base Rate Revolving Borrowing or a Swingline Loan and, to the extent so financed, the Borrower’s obligation to make such payment shall be discharged and replaced by the resulting Base Rate Revolving Borrowing or Swingline Loan. If the Borrower fails to reimburse any LC Disbursement by the time specified above, the Administrative Agent shall notify each Lender of such failure, the payment then due from the Borrower in respect of the applicable LC Disbursement and such Lender’s Applicable Percentage thereof. Promptly following receipt of such notice, each Lender shall pay to the Administrative Agent its Applicable Percentage of the amount then due from the Borrower, in the same manner as provided in [Section 2.06] with respect to Revolving Loans made by such Lender (and [Section 2.06] shall apply, mutatis mutandis, to the payment obligations of the Lenders pursuant to this paragraph), and the Administrative Agent shall promptly remit to the applicable Issuing Bank the amounts so received by it from the Lenders. If any Lender shall not have paid to the Administrative Agent its Applicable Percentage of the amount then due from the Borrower as provided in the preceding sentence, such Lender shall pay interest on such amount, for each day from and including the date such amount is required to be paid in accordance with this paragraph to but excluding the date such amount is paid, to the Administrative Agent for the account of the applicable Issuing Bank at, for the first such date, the Federal Funds Effective Rate and, for each day thereafter, the Base Rate. Promptly following receipt by the Administrative Agent of any payment from the Borrower pursuant to this paragraph, the Administrative Agent shall distribute such payment to the applicable Issuing Bank or, to the extent that Lenders have made payments pursuant to this paragraph to
Reimbursement. If an Issuing Bank shall make anany LC Disbursement in respect of a Letter of Credit, the BorrowerCompany shall reimburse such LC Disbursement by paying to the Administrative Agent an amount equal to such LC Disbursement not later than , Pacific time,Local Time, on the seconddate that such LC Disbursement is made, if the Company shall have received notice of such LC Disbursement prior to , 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 , Local Time, on the Business Day immediately following the day that the BorrowerCompany receives such notice, if such notice is not received prior to such time on the day of such LC Disbursement;receipt; provided that the BorrowerCompany may, subject to the conditions to borrowing set forth herein, request in accordance with [[Section 2.03 or 2.04]4]]4] that such payment be financed with a Base Ratean ABR Revolving Borrowing or a Swingline Loan in an equivalent amount and, to the extent so financed, the Borrower’Company’s obligation to make such payment shall be discharged and replaced by the resulting Base RateABR Revolving Borrowing or Swingline Loan. If the BorrowerCompany fails to reimburse any LC Disbursement bymake such payment when due, such amount, if denominated in Foreign Currency (other than an amount in Canadian Dollars constituting an ABR Borrowing) shall be converted to Dollars and shall bear interest at the time specified above,Alternate Base Rate and the Administrative Agent shall notify each Lender of such failure,the applicable LC Disbursement, the payment then due from the BorrowerCompany in respect of the applicable LC Disbursementthereof and such Lender’s Applicable Percentage thereof. Promptly following receipt of such notice, each Lender shall pay to the Administrative Agent its Applicable Percentage of the amountpayment then due from the Borrower,Company, in the same manner as provided in [Section 2.06] with respect to Revolving Loans made by such Lender (and [Section 2.06] shall apply, mutatis mutandis, to the payment obligations of the Lenders pursuant to this paragraph)), and the Administrative Agent shall promptly remitpay to the applicable Issuing Bank the amounts so received by it from the Lenders. If any Lender shall not have paid to the Administrative Agent its Applicable Percentage of the amount then due from the Borrower as provided in the preceding sentence, such Lender shall pay interest on such amount, for each day from and including the date such amount is required to be paid in accordance with this paragraph to but excluding the date such amount is paid, to the Administrative Agent for the account of the applicable Issuing Bank at, for the first such date, the Federal Funds Effective Rate and, for each day thereafter, the Base Rate.. Promptly following receipt by the Administrative Agent of any payment from the BorrowerCompany pursuant to this paragraph, the Administrative Agent shall distribute such payment to the applicable Issuing Bank or, to the extent that Lenders have made payments pursuant to this paragraph to reimburse the applicable Issuing Bank, then to such and the applicable Issuing Bank as their interests may appear. Any payment made by a Lender pursuant to this paragraph to reimburse the 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.
Reimbursement. If anany Issuing Bank shall make anany LC Disbursement in respect of a Letter of Credit, the Borrower shall reimburse such LC Disbursement by paying to the Administrative Agent in Dollars an amount equal to such LC Disbursement not later than , PacificNew York City time, on the seconddate that such LC Disbursement is made, if the Borrower shall have received notice of such LC Disbursement prior to , New York City time, on such date, or, if such notice has not been received by the Borrower prior to such time on such date, then not later than , New York City time, on the Business Day immediately following the day that the Borrower receives notice of such LC Disbursement;notice; provided that the Borrower may, at its election and subject to the conditions to borrowing set forth herein, request in accordance with [[Section[Section 2.0302 or 2.04]4]]4]21]1] that such payment be financed with a Base Rate Revolvingan ABR Borrowing or a Swingline Loan in an equivalent amount of such LC Disbursement and, to the extent so financed, the Borrower’Borrowers obligation to make such payment shall be discharged and replaced by the resulting Base Rate RevolvingABR Borrowing or Swingline Loan. If the Borrower fails to reimburse any LC Disbursement by the time specified above,make such payment when due, the Administrative Agent shall notify each Lender of such failure,the applicable LC Disbursement, the payment then due from the Borrower in respect of the applicable LC Disbursementthereof and such Lender’Lenders Applicable Percentage thereof. Promptly following receipt of such notice, each Lender shall pay to the Administrative Agent its Applicable Percentage of the amountpayment then due from the Borrower, in the same manner as provided in [Section 2.06]05] with respect to Revolving Loans made by such Lender (and [Section 2.06]05] shall apply, mutatis mutandis, to the payment obligations of the Lenders pursuant to this paragraph)Lenders), and the Administrative Agent shall promptly remitpay to the applicable Issuing Bank the amounts so received by it from the Lenders. If any Lender shall not have paid to the Administrative Agent its Applicable Percentage of the amount then due from the Borrower as provided in the preceding sentence, such Lender shall pay interest on such amount, for each day from and including the date such amount is required to be paid in accordance with this paragraph to but excluding the date such amount is paid, to the Administrative Agent for the account of the applicable Issuing Bank at, for the first such date, the Federal Funds Effective Rate and, for each day thereafter, the Base Rate. Promptly following receipt by the Administrative Agent of any payment from the Borrower pursuant to this paragraph, the Administrative Agent shall distribute such payment to the applicable Issuing Bank or, to the extent that Lenders have made payments pursuant to this paragraph to reimburse such Issuing Bank, then to such Lenders and such Issuing Bank as their interests may appear. Any payment made by a Lender pursuant to this paragraph to reimburse any 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.
Reimbursement. If an Issuing Bank shall make anany LC Disbursement in respect of a Letter of Credit, the Borrower shall reimburse such LC Disbursement by paying to the Administrative Agent an amount (in the applicable currency) equal to such LC Disbursement not later than (), PacificNew York City time, on the second Business Day immediately following the day that the Borrower receives notice ofsuch notice; provided, that, if such LC Disbursement; provided thatDisbursement is not less than the Dollar Equivalent of , the Borrower may, subject to the conditions to borrowing set forth herein, request in accordance with [[Section[Section 2.03 or 2.04]4]]4] that such payment be financed with a Base Rate Revolvingan ABR Borrowing or a Swingline Loan in an equivalent amount equal to the Dollar Equivalent thereof and, to the extent so financed, the Borrower’s obligation to make such payment shall be discharged and replaced by the resulting Base Rate RevolvingABR Borrowing or Swingline Loan. If the Borrower fails to reimburse any LC Disbursement by the time specified above,make such payment when due, the Administrative Agent shall notify each Lender of such failure,the applicable LC Disbursement, the payment then due from the Borrower in respect of the applicable LC Disbursementthereof 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 its Applicable Percentage of the amountpayment then due from the Borrower,Borrower in Dollars based on the Dollar Equivalent thereof, in the same manner as provided in [Section 2.06]07] with respect to Revolving Loans made by such Lender (and [Section 2.06]07] shall apply, mutatis mutandis, to the payment obligations of the Lenders pursuant to this paragraph)Lenders), and the Administrative Agent shall promptly remitpay to the applicable Issuing Bank the amounts so received by it from the Lenders. If any Lender shall not have paid to the Administrative Agent its Applicable Percentage of the amount then due from the Borrower as provided in the preceding sentence, such Lender shall pay interest on such amount, for each day from and including the date such amount is required to be paid in accordance with this paragraph to but excluding the date such amount is paid, to the Administrative Agent for the account of the applicable Issuing Bank at, for the first such date, the Federal Funds Effective Rate and, for each day thereafter, the Base Rate. Promptly following receipt by the Administrative Agent of any payment from the Borrower pursuant to this paragraph, the Administrative Agent shall distribute such payment to the applicable Issuing Bank or, to the extent that Lenders have made payments pursuant to this paragraph to reimburse such Issuing Bank, then to such Lenders and such Issuing Bank as their interests may appear. Any payment made by a Lender pursuant to this paragraph to reimburse any Issuing Bank for any LC Disbursement (other than the funding of ABR 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.
Reimbursement. If an Issuing Bank shall make anany LC Disbursement in respect of a Letter of Credit, the BorrowerBorrowers shall reimburse such LC Disbursement by paying to the Issuing Bank, with notice of such payment given to the Administrative AgentAgent, an amount equal to such LC Disbursement in dollars not later than , PacificNew York City time, on the second Business Day immediately following the day that the Borrower receivesBorrowers receive notice of such LC Disbursement; provided thatthat, if such LC Disbursement is not less than the BorrowerDollar Equivalent of , the Borrowers may, subject to the conditions to borrowing set forth herein, request in accordance with [[Section[Section 2.0303] or [Section 2.04]4]]4] that such payment be financed with a Base Ratean ABR Revolving Loan Borrowing or a Swingline LoanLoan, in each case in an equivalent amount, and, to the extent so financed, the Borrower’sBorrowers’ obligation to make such payment shall be discharged and replaced by the resulting Base RateABR Revolving Loan Borrowing or Swingline Loan. If the Borrower failsBorrowers fail to reimburse any LC Disbursement by the time specified above,make such payment when due, the Administrative Agent shall notify each Revolving Lender of such failure,the applicable LC Disbursement, the payment then due from the BorrowerBorrowers in respect of the applicable LC Disbursementthereof and such Revolving Lender’s Applicable Percentage thereof. Promptly following receipt of such notice, each Revolving Lender shall pay to the Administrative Agent its Applicable Percentage of the amountpayment then due from the Borrower,Borrowers, in dollars and in the same manner as provided in [Section 2.06] with respect to Revolving Loans made by such Lender (and [Section 2.06] shall apply, mutatis mutandis, to the payment obligations of the Revolving Lenders pursuant to this paragraph), and the Administrative Agent shall promptly remit to the applicable Issuing Bank the amounts so received by it from the Revolving Lenders. If any Lender shall not have paid to the Administrative Agent its Applicable Percentage of the amount then due from the Borrower as provided in the preceding sentence, such Lender shall pay interest on such amount, for each day from and including the date such amount is required to be paid in accordance with this paragraph to but excluding the date such amount is paid, to the Administrative Agent for the account of the applicable Issuing Bank at, for the first such date, the Federal Funds Effective Rate and, for each day thereafter, the Base Rate. Promptly following receipt by the Administrative Agent of any payment from the BorrowerBorrowers pursuant to this paragraph, the Administrative Agent shall distribute such payment to the applicable Issuing Bank in dollars or, to the extent that Revolving Lenders have made payments pursuant to this paragraph to reimburse such Issuing Bank, then to such Revolving Lenders and such Issuing Bank as their interests may appear. Any payment made by a Revolving Lender pursuant to this paragraph to reimburse any 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 their obligation to reimburse such LC Disbursement.
Reimbursement. If anthe Issuing Bank shall make anany LC Disbursement in respect of a Letter of Credit, the BorrowerBorrowers shall reimburse such LC Disbursement by paying to the Administrative Agent an amount equal to such LC Disbursement # not later than , PacificChicago time, on the seconddate that such LC Disbursement is made, if the Borrower Representative shall have received notice of such LC Disbursement prior to , Chicago time, on such date, or, # if such notice has not been received by the Borrower Representative prior to such time on such date, then not later than , Chicago time, on # the Business Day that the Borrower Representative receives such notice, if such notice is received prior to , Chicago time, on the day of receipt, or # the Business Day immediately following the day that the Borrower Representative receives such notice, if such notice is not received prior to such time on the day of such LC Disbursement; providedreceipt; provided, that the BorrowerBorrowers may, subject to the conditions to borrowing set forth herein, request in accordance with [[Section[Section 2.03 or 2.04]4]]4]03] that such payment be financed with a Base Ratean CBFR Revolving Borrowing or a Swingline Loanin an equivalent amount and, to the extent so financed, the Borrower’sBorrowers obligation to make such payment shall be discharged and replaced by the resulting Base RateCBFR Revolving Borrowing or Swingline Loan.Borrowing. If the Borrower failsBorrowers fail to reimburse any LC Disbursement by the time specified above,make such payment when due, the Administrative Agent shall notify each Revolving Lender of such failure,the applicable LC Disbursement, the payment then due from the BorrowerBorrowers in respect of the applicable LC Disbursementthereof and such Lender’Lenders Applicable Percentage thereof. Promptly following receipt of such notice, each Revolving Lender shall pay to the Administrative Agent its Applicable Percentage of the amountpayment then due from the Borrower,Borrowers, in the same manner as provided in [Section 2.06]07] with respect to Revolving Loans made by such Lender (and [Section 2.06]07] shall apply, mutatis mutandis, to the payment obligations of the Lenders pursuant to this paragraph)Revolving Lenders), and the Administrative Agent shall promptly remitpay to the applicable Issuing Bank the amounts so received by it from the Revolving Lenders. If any Lender shall not have paid to the Administrative Agent its Applicable Percentage of the amount then due from the Borrower as provided in the preceding sentence, such Lender shall pay interest on such amount, for each day from and including the date such amount is required to be paid in accordance with this paragraph to but excluding the date such amount is paid, to the Administrative Agent for the account of the applicable Issuing Bank at, for the first such date, the Federal Funds Effective Rate and, for each day thereafter, the Base Rate. Promptly following receipt by the Administrative Agent of any payment from the BorrowerBorrowers pursuant to this paragraph, the Administrative Agent shall distribute such payment to the applicable Issuing Bank or, to the extent that Revolving Lenders have made payments pursuant to this paragraph to reimburse the Issuing Bank, then to such Lenders and the Issuing Bank as their interests may appear. Any payment made by a Revolving Lender pursuant to this paragraph to reimburse the Issuing Bank for any LC Disbursement (other than the funding of CBFR Revolving Loans as contemplated above) shall not constitute a Loan and shall not relieve the Borrowers of their obligation to reimburse such LC Disbursement.
Reimbursements. If an Issuing Bank shall make an LC Disbursement in respect of a Letter of Credit, such Issuing Bank shall notify the Borrower and the Administrative Agent of such LC Disbursement and of the date and amount thereof and the Borrower shall reimburse such LC Disbursement by paying to the Administrative Agent an amount equal to such LC Disbursement not later than# if such notice has been received by the Borrower prior to , PacificNew York City time, on the second Business Day immediately following the day that the Borrower receives notice of such LC Disbursement;Disbursement or # if such notice has been received by the Borrower after , New York City time, not later than , New York City time, on the first Business Day after such notice has been received (in each case, the “Required Reimbursement Date”); provided that if such LC Disbursement is not less than a Dollar Equivalent of , the Borrower may, subject to the conditions to borrowing set forth herein, request in accordance with [[Section[Section 2.03 or 2.04]4]]4]03] that such payment be financed with a Base Ratean ABR Revolving Borrowing or a Swingline Loan and, to the extent so financed, the Borrower’s obligation to make such payment shall be discharged and replaced by the resulting Base RateABR Revolving Borrowing or Swingline Loan.and unless the Borrower shall have, by , New York City time, on the Required Reimbursement Date, reimbursed the applicable Issuing Bank for the LC Disbursement with funds other than from the proceeds of an ABR Revolving Borrowing, the Borrower shall be deemed to have requested an ABR Borrowing in the amount of such LC Disbursement, plus interest payable thereon pursuant to [Section 2.05(h)]. If the Borrower subsequently fails to reimburse any LC Disbursement by the time specified above, the Administrative Agent shall notify each Revolving Lender of such failure, the payment then due from the Borrower in respect of the applicable LC Disbursement and such Revolving Lender’s Applicable Percentage thereof. Promptly following receipt of such notice, each Revolving Lender shall pay to the Administrative Agent its Applicable Percentage of the amount then due from the Borrower, in the same manner as provided in [Section 2.06] with respect to Revolving Loans made by such Lender (and [Section 2.06] shall apply, mutatis mutandis, to the payment obligations of the LendersRevolving pursuant to this paragraph), and the Administrative Agent shall promptly remit to the applicable Issuing Bank the amounts so received by it from the Lenders. If any Lender shall not have paid to the Administrative Agent its Applicable Percentage of the amount then due from the Borrower as provided in the preceding sentence, such Lender shall pay interest on such amount, for each day from and including the date such amount is required to be paid in accordance with this paragraph to but excluding the date such amount is paid, to the Administrative Agent for the account of the applicable Issuing Bank at, for the first such date, the Federal Funds Effective Rate and, for each day thereafter, the Base Rate.Revolving . Promptly following receipt by the Administrative Agent of any payment from the Borrower pursuant to this paragraph, the Administrative Agent shall distribute such payment to the applicable Issuing Bank or, to the extent that LendersRevolving have made payments pursuant to this paragraph to reimburse such Issuing Bank, then to such Revolving and such Issuing Bank as their interests may appear. Any payment made by a Revolving Lender pursuant to this paragraph to reimburse an Issuing Bank for an LC Disbursement (other than the funding of an ABR Revolving Borrowing as contemplated above) shall not constitute a Loan and shall not relieve the Borrower of its obligation to reimburse such LC Disbursement.
Reimbursement. If an Issuing Bank shall make anany LC Disbursement in respect of a Letter of Credit, the applicable Borrower shall reimburse such LC Disbursement by paying to the Administrative Agent an amount in the currency of such LC Disbursement equal to such LC Disbursement not later than , Pacific time,Local Time, on the seconddate that such LC Disbursement is made, if such Borrower shall have received notice of such LC Disbursement prior to , 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 , Local Time, on # the Business Day that such Borrower receives such notice, if such notice is received prior to , Local Time, on the day of receipt, or # the Business Day immediately following the day that thesuch Borrower receives such notice, if such notice is not received prior to such time on the day of receipt; provided that if such LC Disbursement; provided thatDisbursement is denominated in US Dollars and is not less than , the applicable Borrower may, subject to the conditions to borrowing set forth herein, request in accordance with [[Section 2.03 or 2.04]4]]4] that such payment be financed with a Base Rate Revolvingan ABR Borrowing or a Swingline Loan in an equivalent amount and, to the extent so financed, thesuch Borrower’s obligation to make such payment shall be discharged and replaced by the resulting Base Rate RevolvingABR Borrowing or Swingline Loan. If the applicable Borrower fails to make any such reimbursement payment when due, # if such payment relates to a Letter of 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 anythe applicable LC Disbursement byshall be permanently converted into an obligation to reimburse the time specified above,US Dollar Equivalent, calculated using the LC Exchange Rate on the applicable LC Participation Calculation Date, of such LC Disbursement and # in the case of each LC Disbursement, the Administrative Agent shall notify each Global Tranche Lender of such failure,the applicable LC Disbursement, the amount and currency of the payment then due from thesuch Borrower in respect of the applicable LC Disbursementthereof and such Lender’s ApplicableGlobal Tranche Percentage thereof. Promptly following receipt of such notice, each Global Tranche Lender shall pay to the Administrative Agent on the date such notice is received, in the applicable currency, its ApplicableGlobal Tranche Percentage of the amountapplicable LC Disbursement payment then due from thesuch Borrower, in the same manner as provided in [Section 2.06] with respect to Revolving Loans made by such Lender (and [Section 2.06] shall apply, mutatis mutandis, to the payment obligations of the Lenders pursuant to this paragraph), and the Administrative Agent shall promptly remitpay to the applicable Issuing Bank the amounts so received by it from the Lenders. If any Lender shall not have paid to the Administrative Agent its Applicable Percentage of the amount then due from the Borrower as provided in the preceding sentence, such Lender shall pay interest on such amount, for each day from and including the date such amount is required to be paid in accordance with this paragraph to but excluding the date such amount is paid, to the Administrative Agent for the account of the applicable Issuing Bank at, for the first such date, the Federal Funds Effective Rate and, for each day thereafter, the Base Rate. Promptly following receipt by the Administrative Agent of any payment from thea Borrower pursuant to this paragraph, the Administrative Agent shall distribute such payment to the applicable Issuing Bank or, to the extent that Lenders have made payments pursuant to this paragraph to reimburse such Issuing Bank, then to such 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.
Reimbursement. If an Issuing Bank shall make anany LC Disbursement in respect of a Letter of Credit, the applicable Borrower shall reimburse such LC Disbursement by paying to the Administrative Agent an amount in the currency of such LC Disbursement equal to such LC Disbursement not later than , Pacific time,Local Time, on the seconddate that such LC Disbursement is made, if such Borrower shall have received notice of such LC Disbursement prior to , 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 , Local Time, on # the Business Day that such Borrower receives such notice, if such notice is received prior to , Local Time, on the day of receipt, or # the Business Day immediately following the day that thesuch Borrower receives such notice, if such notice is not received prior to such time on the day of receipt; provided that if such LC Disbursement; provided thatDisbursement is denominated in US Dollars and is not less than , the applicable Borrower may, subject to the conditions to borrowing set forth herein, request in accordance with [[Section 2.03 or 2.04]4]]4] that such payment be financed with a Base Rate Revolvingan ABR Borrowing or a Swingline Loan in an equivalent amount and, to the extent so financed, thesuch Borrower’s obligation to make such payment shall be discharged and replaced by the resulting Base Rate RevolvingABR Borrowing or Swingline Loan. If the applicable Borrower fails to make any such reimbursement payment when due, # if such payment relates to a Letter of 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 anythe applicable LC Disbursement byshall be permanently converted into an obligation to reimburse the time specified above,US Dollar Equivalent, calculated using the LC Exchange Rate on the applicable LC Participation Calculation Date, of such LC Disbursement and # in the case of each LC Disbursement, the Administrative Agent shall notify each Global Tranche Lender of such failure,the applicable LC Disbursement, the amount and currency of the payment then due from thesuch Borrower in respect of the applicable LC Disbursementthereof and such Lender’s ApplicableGlobal Tranche Percentage thereof. Promptly following receipt of such notice, each Global Tranche Lender shall pay to the Administrative Agent on the date such notice is received, in the applicable currency, its ApplicableGlobal Tranche Percentage of the amountapplicable LC Disbursement payment then due from thesuch Borrower, in the same manner as provided in [Section 2.06] with respect to Revolving Loans made by such Lender (and [Section 2.06] shall apply, mutatis mutandis, to the payment obligations of the Lenders pursuant to this paragraph), and the Administrative Agent shall promptly remitpay to the applicable Issuing Bank the amounts so received by it from the Lenders. If any Lender shall not have paid to the Administrative Agent its Applicable Percentage of the amount then due from the Borrower as provided in the preceding sentence, such Lender shall pay interest on such amount, for each day from and including the date such amount is required to be paid in accordance with this paragraph to but excluding the date such amount is paid, to the Administrative Agent for the account of the applicable Issuing Bank at, for the first such date, the Federal Funds Effective Rate and, for each day thereafter, the Base Rate. Promptly following receipt by the Administrative Agent of any payment from thea Borrower pursuant to this paragraph, the Administrative Agent shall distribute such payment to the applicable Issuing Bank or, to the extent that Lenders have made payments pursuant to this paragraph to reimburse such Issuing Bank, then to such 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.
Reimbursement. If an Issuing Bank shall make anany LC Disbursement in respect of a Letter of Credit, the Borrower shall reimburse the applicable Issuing Bank in respect of such LC Disbursement by paying to the Administrative Agent an amount equal to such LC Disbursement not later than , PacificNew York City time, on # the secondBusiness Day that the Borrower receives notice of such LC Disbursement, if such notice is received prior to , New York City time, or # the Business Day immediately following the day that the Borrower receives such notice, if such notice ofis not received prior to such LC Disbursement; provided that the Borrower may, subject to the conditions to borrowing set forth herein, request in accordance with [[Section 2.03 or 2.04]4]]4] that such payment be financed with a Base Rate Revolving Borrowing or a Swingline Loan and, to the extent so financed, the Borrower’s obligation to make such payment shall be discharged and replaced by the resulting Base Rate Revolving Borrowing or Swingline Loan.time. If the Borrower fails to reimburse any LC Disbursement by the time specified above,make such payment when due, the Administrative Agent shall notify each Revolving Lender of such failure,the applicable LC Disbursement, the payment then due from the Borrower in respect of the applicable LC Disbursementthereof and such Lender’Revolving Lenders Applicable Percentage thereof. Promptly following receipt of such notice, each LenderThe Borrowers obligations under this [clause (f)] shall pay to the Administrative Agent its Applicable Percentage of the amount then due from the Borrower, in the same manner as provided in [Section 2.06] with respect to Revolving Loans made by such Lender (and [Section 2.06] shall apply, mutatis mutandis, to the payment obligations of the Lenders pursuant to this paragraph), and the Administrative Agent shall promptly remit to the applicable Issuing Bank the amounts so received by it from the Lenders. If any Lender shall not have paid to the Administrative Agent its Applicable Percentage of the amount then due from the Borrower as provided in the preceding sentence, such Lender shall pay interest on such amount, for each day from and including the date such amount is required to be paid in accordance with this paragraph to but excluding the date such amount is paid, to the Administrative Agent for the account of the applicable Issuing Bank at, for the first such date, the Federal Funds Effective Rate and, for each day thereafter, the Base Rate. Promptly following receipt by the Administrative Agent of any payment from the Borrower pursuant to this paragraph, the Administrative Agent shall distribute such payment to the applicable Issuing Bank or,satisfied to the extent that Lenders have made payments pursuant to this paragraph toof the making of ABR Loans under [clause (e) above].
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