Letter of Credit Participation. Immediately upon the issuance of each other Letter of Credit hereunder, each Revolving Loan Lender shall be deemed to have automatically, irrevocably and unconditionally purchased and received from the applicable Issuing Bank an undivided interest and participation in and to such Letter of Credit, the obligations of the applicable Borrower in respect thereof and the liability of such Issuing Bank thereunder (collectively, an “L/C Interest”) in an amount equal to the amount available for drawing under such Letter of Credit multiplied by such Revolving Loan Lender’s Revolving Pro Rata Share. The applicable Issuing Bank will notify each Revolving Loan Lender promptly upon presentation to it of an L/C Draft or upon any other draw under a Letter of Credit. On or before the Business Day on which the applicable Issuing Bank makes payment of each such L/C Draft or, in the case of any other draw on a Letter of Credit, on demand by the Administrative Agent or such Issuing Bank, each Revolving Loan Lender shall make payment to the Administrative Agent, for the account of the applicable Issuing Bank, in immediately available funds in the applicable Agreed Currency in an amount equal to such Revolving Loan Lender’s Revolving Pro Rata Share of the amount of such payment or draw. The obligation of each Revolving Loan Lender to reimburse the applicable Issuing Bank under this [Section 3.6] shall be unconditional, continuing, irrevocable and absolute. In the event that any Revolving Loan Lender fails to make payment to the Administrative Agent of any amount due under this [Section 3.6], the Administrative Agent shall be entitled to receive, retain and apply against such obligation the principal and interest otherwise payable to such Revolving Loan Lender hereunder until the Administrative Agent receives such payment from such Revolving Loan Lender or such obligation is otherwise fully satisfied; provided, however, that nothing contained in this sentence shall relieve such Revolving Loan Lender of its obligation to reimburse any Issuing Bank for such amounts in accordance with this [Section 3.6].

Letter of Credit Participation. Immediately upon the issuance of each other Letter of Credit hereunder, each Revolving Loan Lender shall be deemed to have automatically, irrevocably and unconditionally purchased and received from the applicable Issuing Bank an undivided interest and participation in and to such Letter of Credit, the obligations of the applicable Borrower in respect thereof and the liability of such Issuing Bank thereunder (collectively, an “L/“L/C Interest”Interest”) in an amount equal to the amount available for drawing under such Letter of Credit multiplied by such Revolving Loan Lender’Lender’s Revolving Pro Rata Share. The applicable Issuing Bank will notify each Revolving Loan Lender promptly upon presentation to it of an L/C Draft or upon any other draw under a Letter of Credit. On or before the Business Day on which the applicable Issuing Bank makes payment of each such L/C Draft or, in the case of any other draw on a Letter of Credit, on demand by the Administrative Agent or such Issuing Bank, each Revolving Loan Lender shall make payment to the Administrative Agent, for the account of the applicable Issuing Bank, in immediately available funds in the applicable Agreed Currency in an amount equal to such Revolving Loan Lender’Lender’s Revolving Pro Rata Share of the amount of such payment or draw. The obligation of each Revolving Loan Lender to reimburse the applicable Issuing Bank under this Section 3.6 shall be unconditional, continuing, irrevocable and absolute. In the event that any Revolving Loan Lender fails to make payment to the Administrative Agent of any amount due under this Section 3.6, the Administrative Agent shall be entitled to receive, retain and apply against such obligation the principal and interest otherwise payable to such Revolving Loan Lender hereunder until the Administrative Agent receives such payment from such Revolving Loan Lender or such obligation is otherwise fully satisfied; provided, however, that nothing contained in this sentence shall relieve such Revolving Loan Lender of its obligation to reimburse any Issuing Bank for such amounts in accordance with this Section 3.6.

Participations. By the issuance of a Letter of Credit Participation. Immediately upon the issuance of each other(or an amendment to a Letter of Credit hereunder,increasing the amount thereof) and without any further action on the part of the Issuing Bank or the Revolving Lenders, the Issuing Bank hereby grants to each Revolving LoanLender, and each Revolving Lender shall be deemed to have automatically, irrevocably and unconditionally purchased and receivedhereby acquires from the applicable Issuing Bank an undivided interest andBank, a participation in and to such Letter of Credit, the obligationsCredit equal to such Lender’s Applicable Percentage of the applicable Borrower in respect thereof and the liability of such Issuing Bank thereunder (collectively, an “L/C Interest”) in an amount equal to theaggregate amount available for drawingto be drawn under such Letter of Credit multiplied by such Revolving Loan Lender’s Revolving Pro Rata Share. The applicable Issuing Bank will notifyCredit. In consideration and in furtherance of the foregoing, each Revolving Loan Lender promptly upon presentationhereby absolutely and unconditionally agrees to it of an L/C Draft or upon any other draw under a Letter of Credit. On or before the Business Day on which the applicable Issuing Bank makes payment of each such L/C Draft or, in the case of any other draw on a Letter of Credit, on demand by the Administrative Agent or such Issuing Bank, each Revolving Loan Lender shall make paymentpay to the Administrative Agent, for the account of the applicable Issuing Bank, in immediately available funds in the applicable Agreed Currency in an amount equal to such Revolving Loan Lender’s Revolving Pro Rata Share of the amount of such payment or draw. The obligationApplicable Percentage of each Revolving Loan Lender to reimburseLC Disbursement made by the applicable Issuing Bank underand not reimbursed by the Borrowers on the date due as provided in paragraph # of this Section 3.6 shallSection, or of any reimbursement payment required to be unconditional, continuing, irrevocable and absolute. In the event that any Revolving Loan Lender fails to make paymentrefunded to the Administrative Agent ofBorrowers for any amount due under this Section 3.6, the Administrative Agent shall be entitled to receive, retainreason. Each Revolving Lender acknowledges and apply against such obligation the principal and interest otherwise payable to such Revolving Loan Lender hereunder until the Administrative Agent receives such payment from such Revolving Loan Lender or such obligation is otherwise fully satisfied; provided, however,agrees that nothing contained in this sentence shall relieve such Revolving Loan Lender of its obligation to reimburseacquire participations pursuant to this paragraph in respect of Letters of Credit is absolute and unconditional and shall not be affected by any Issuing Bank forcircumstance whatsoever, including any amendment, renewal or extension of any Letter of Credit or the occurrence and continuance of a Default or reduction or termination of the Commitments, and that each such amounts in accordance with this Section 3.6.payment shall be made without any offset, abatement, withholding or reduction whatsoever.

Participations. By the issuance of a Letter of Credit Participation. Immediately upon the issuance of each other(or an amendment to a Letter of Credit hereunder, each Revolving Loan Lender shall be deemed to have automatically, irrevocablyincreasing the amount thereof) and unconditionally purchased and received fromwithout any further action on the part of the applicable Issuing Bank an undivided interestor any Revolving Lender, the Issuing Bank that is the issuer thereof hereby grants to each Revolving Lender, and each Revolving Lender hereby acquires from such Issuing Bank, a participation in and to such Letter of Credit, the obligationsCredit equal to such Revolving Lender’s Applicable Percentage of the applicable Borrower in respect thereof and the liability of such Issuing Bank thereunder (collectively, an “L/C Interest”) in an amount equal to theaggregate amount available for drawingto be drawn under such Letter of Credit multiplied by such Revolving Loan Lender’s Revolving Pro Rata Share. The applicable Issuing Bank will notifyCredit. In consideration and in furtherance of the foregoing, each Revolving Loan Lender promptly upon presentationhereby absolutely and unconditionally agrees to it of an L/C Draft or upon any other draw under a Letter of Credit. On or before the Business Day on which the applicable Issuing Bank makes payment of each such L/C Draft or, in the case of any other draw on a Letter of Credit, on demand by the Administrative Agent or such Issuing Bank, each Revolving Loan Lender shall make paymentpay to the Administrative Agent, for the account of the applicablesuch Issuing Bank, in immediately available funds in the applicable Agreed Currency in an amount equal to such Revolving Loan Lender’Lender’s Applicable Percentage of each LC Disbursement made by such Issuing Bank under such Letter of Credit and not reimbursed by the Borrower on the date due as provided in paragraph # of this Section, or of any reimbursement payment required to be refunded to the Borrower for any reason. Each Revolving Pro Rata ShareLender acknowledges and agrees that its obligation to acquire participations pursuant to this paragraph in respect of Letters of Credit is absolute and unconditional and shall not be affected by any circumstance whatsoever, including any amendment, renewal or extension of any Letter of Credit or the occurrence and continuance of a Default or any reduction or termination of the amount ofRevolving Commitments, and that each such payment shall be made without any offset, abatement, withholding or draw. The obligationreduction whatsoever. Each Revolving Lender further acknowledges and agrees that, in issuing, amending, renewing or extending any Letter of each Revolving Loan Lender to reimburseCredit, the applicable Issuing Bank under this [Section 3.6] shall be unconditional, continuing, irrevocable and absolute. In the event that any Revolving Loan Lender fails to make payment to the Administrative Agent of any amount due under this [Section 3.6], the Administrative Agent shall be entitled to receive, retainrely, and apply against such obligationshall not incur any liability for relying, upon the principalrepresentation and interest otherwise payablewarranty of the Borrower deemed made pursuant to such Revolving Loan Lender hereunder until the Administrative Agent receives such payment from such Revolving Loan Lender or such obligation is otherwise fully satisfied; provided, however, that nothing contained in this sentence shall relieve such Revolving Loan Lender of its obligation to reimburse any Issuing Bank for such amounts in accordance with this [Section 3.6]4.02].

Participations. By the issuance of a Letter of Credit Participation. Immediately upon the issuance of each otheror an amendment to a Letter of Credit hereunder,increasing the amount thereof, and without any further action on the part of the Issuing Bank that is the issuer thereof or the Lenders, such Issuing Bank hereby grants to each Revolving LoanLender, and each Revolving Lender shall be deemed to have automatically,hereby irrevocably and unconditionally purchased and receivedacquires from the applicablesuch Issuing Bank an undivided interest andwithout recourse or warranty (regardless of whether the conditions set forth in [Section 4.02] shall have been satisfied), a participation in and to such Letter of Credit, the obligationsCredit equal to such Revolving Lender’s Applicable Percentage of the applicable Borrower in respect thereof and the liability of such Issuing Bank thereunder (collectively, an “L/C Interest”) in an amount equal to theaggregate amount available for drawingto be drawn under such Letter of Credit multiplied by such Revolving Loan Lender’s Revolving Pro Rata Share. The applicable Issuing Bank will notifyCredit. In consideration and in furtherance of the foregoing, each Revolving Loan Lender promptly upon presentationhereby absolutely and unconditionally agrees to it of an L/C Draft or upon any other draw under a Letter of Credit. On or before the Business Day on which the applicable Issuing Bank makes payment of each such L/C Draft or, in the case of any other draw on a Letter of Credit, on demand by the Administrative Agent or such Issuing Bank, each Revolving Loan Lender shall make paymentpay to the Administrative Agent, for the account of the applicablesuch Issuing Bank, in immediately available funds in the applicable Agreed Currency in an amount equal to such Revolving Loan Lender’Lender’s Revolving Pro Rata Share of the amount of such payment or draw. The obligationApplicable Percentage of each Revolving Loan Lender to reimburse the applicableLC Disbursement made by such Issuing Bank underand not reimbursed by the Borrowers on the date due as provided in paragraph # of this [Section 3.6] shall2.05] in dollars, or of any reimbursement payment required to be unconditional, continuing, irrevocable and absolute. In the event that any Revolving Loan Lender fails to make paymentrefunded to the Administrative Agent ofBorrowers for any amount due under this [Section 3.6], the Administrative Agent shall be entitled to receive, retainreason. Each Revolving Lender acknowledges and apply against such obligation the principal and interest otherwise payable to such Revolving Loan Lender hereunder until the Administrative Agent receives such payment from such Revolving Loan Lender or such obligation is otherwise fully satisfied; provided, however,agrees that nothing contained in this sentence shall relieve such Revolving Loan Lender of its obligation to reimburseacquire participations pursuant to this paragraph in respect of Letters of Credit is absolute and unconditional and shall not be affected by any Issuing Bank forcircumstance whatsoever, including any amendment, renewal or extension of any Letter of Credit or the occurrence and continuance of a Default or any reduction or termination of the Revolving Commitments, and that each such amounts in accordance with this [Section 3.6].payment shall be made without any offset, abatement, withholding or reduction whatsoever.

Participations. By the issuance of a Letter of Credit Participation. Immediately upon the issuance of each other(or an amendment to a Letter of Credit hereunder, each Revolving Loan Lender shall be deemed to have automatically, irrevocablyincreasing the amount thereof) and unconditionally purchased and received fromwithout any further action on the part of the applicable Issuing Bank an undivided interestor the Revolving Lenders, such Issuing Bank hereby grants to each Revolving Lender with a Revolving Facility Commitment, and each such Revolving Lender hereby acquires from such Issuing Bank, a participation in and to such Letter of Credit, the obligationsCredit equal to such Revolving Lender’s Revolving Facility Percentage of the applicable Borrower in respect thereof and the liability of such Issuing Bank thereunder (collectively, an “L/C Interest”) in an amount equal to theaggregate amount available for drawingto be drawn under such Letter of Credit multiplied by suchCredit. Each Revolving Loan Lender’s Revolving Pro Rata Share. The applicable Issuing Bank will notify each Revolving Loan Lender promptly upon presentationhereby absolutely and unconditionally agrees to it of an L/C Draft or upon any other draw under a Letter of Credit. On or before the Business Day on which the applicable Issuing Bank makes payment of each such L/C Draft or, in the case of any other draw on a Letter of Credit, on demand by the Administrative Agent or such Issuing Bank, each Revolving Loan Lender shall make paymentpay to the Administrative Agent, for the account of the applicable Issuing Bank, in immediately available funds in the applicable Agreed Currency in an amount equal to suchits Revolving Loan Lender’s Revolving Pro Rata Share of the amount of such payment or draw. The obligationFacility Percentage of each Revolving Loan Lender to reimburse the applicableL/C Disbursement made by such Issuing Bank underand not reimbursed by the Borrowers on the date due as provided in paragraph # of this Section 3.6 shall[Section 2.05], or of any reimbursement payment required to be unconditional, continuing, irrevocable and absolute. In the event that any Revolving Loan Lender fails to make paymentrefunded to the Administrative Agent ofBorrowers for any amount due under this Section 3.6, the Administrative Agent shall be entitled to receive, retainreason. Each Revolving Lender acknowledges and apply against such obligation the principal and interest otherwise payable to such Revolving Loan Lender hereunder until the Administrative Agent receives such payment from such Revolving Loan Lender or such obligation is otherwise fully satisfied; provided, however,agrees that nothing contained in this sentence shall relieve such Revolving Loan Lender of its obligation to reimburseacquire participations pursuant to this paragraph in respect of Letters of Credit is absolute and unconditional and will not be affected by any Issuing Bank forcircumstance whatsoever, including any amendment, renewal or extension of any Letter of Credit or the occurrence and continuance of a Default or Event of Default or reduction or termination of the Commitments, and that each such amounts in accordance with this Section 3.6.payment will be made without any offset, abatement, withholding or reduction whatsoever.

Participations. By the issuance of a Letter of Credit Participation. Immediately upon the issuance of each other(or an amendment to a Letter of Credit hereunder, each Revolving Loan Lender shall be deemed to have automatically, irrevocablyincreasing the amount thereof) and unconditionally purchased and received fromwithout any further action on the applicablepart of the relevant Issuing Bank an undivided interest and participationor any Revolving Lender in and torespect of the Tranche under which such Letter of Credit,Credit is issued (each such Revolving Lender, an “Applicable Lender”), the obligationsrelevant Issuing Bank hereby grants to each Applicable Lender, and each Applicable Lender hereby acquires from the relevant Issuing Bank, a participation in such Letter of Credit equal to such Applicable Lender’s Applicable Percentage of the applicable Borrower in respect thereof and the liability of such Issuing Bank thereunder (collectively, an “L/C Interest”) in an amount equalaggregate Dollar Amount available to the amount available for drawingbe drawn under such Letter of Credit multiplied by such Revolving Loan Lender’s Revolving Pro Rata Share. The applicable Issuing Bank will notifyCredit. In consideration and in furtherance of the foregoing, each Revolving LoanApplicable Lender promptly upon presentationhereby absolutely and unconditionally agrees to it of an L/C Draft or upon any other draw under a Letter of Credit. On or before the Business Day on which the applicable Issuing Bank makes payment of each such L/C Draft or, in the case of any other draw on a Letter of Credit, on demand by the Administrative Agent or such Issuing Bank, each Revolving Loan Lender shall make paymentpay to the Administrative Agent,​, for the account of the applicablerelevant Issuing Bank, in immediately available funds in the applicable Agreed Currency in an amount equal to such Revolving Loan Lender’Applicable Lender’s Revolving Pro Rata Share of the amount of such payment or draw. The obligationApplicable Percentage of each Revolving Loan Lender to reimburse the applicableLC Disbursement made by such Issuing Bank underand not reimbursed by ​ on the date due as provided in paragraph # of this [Section 3.6] shall be unconditional, continuing, irrevocable and absolute. In the event that any Revolving Loan Lender fails to make payment to the Administrative AgentSection, or of any amount due under this [Section 3.6], the Administrative Agent shallreimbursement payment required to be entitledrefunded to receive, retain​ for any reason. Each Revolving Lender acknowledges and apply against such obligation the principal and interest otherwise payable to such Revolving Loan Lender hereunder until the Administrative Agent receives such payment from such Revolving Loan Lender or such obligation is otherwise fully satisfied; provided, however,agrees that nothing contained in this sentence shall relieve such Revolving Loan Lender of its obligation to reimburseacquire participations pursuant to this paragraph in respect of Letters of Credit is absolute and unconditional and shall not be affected by any Issuing Bank forcircumstance whatsoever, including any amendment, renewal or extension of any Letter of Credit or the occurrence and continuance of a Default or reduction or termination of the Commitments, and that each such amounts in accordance with this [Section 3.6].payment shall be made without any offset, abatement, withholding or reduction whatsoever.

LetterRevolving [[Organization B:Organization]]’ Purchase of Credit Participation.Participations in Letters of Credit. Immediately upon the issuance of each other Letter of Credit hereunder,Credit, each Revolving Loan Lender shall be deemed to have automatically,purchased, and hereby agrees to irrevocably and unconditionally purchased and receivedpurchase, from the applicable Issuing Bank an undivided interest anda participation in and to such Letter of Credit, the obligations of the applicable Borrower in respect thereof and the liability of such Issuing Bank thereunder (collectively, an “L/C Interest”) in an amount equal to the amount available for drawing under such Letter of Credit multiplied by such Revolving Loan Lender’s Revolving Pro Rata Share. The applicable Issuing Bank will notify each Revolving Loan Lender promptly upon presentation to it of an L/C Draft or uponand any other draw under a Letter of Credit. On or before the Business Day on which the applicable Issuing Bank makes payment of each such L/C Draft or, in the case of any other draw on a Letter of Credit, on demand by the Administrative Agent or such Issuing Bank, each Revolving Loan Lender shall make payment to the Administrative Agent, for the account of the applicable Issuing Bank, in immediately available funds in the applicable Agreed Currencydrawings honored thereunder in an amount equal to such Revolving Loan Lender’Lender’s Revolving Pro Rata SharePercentage (with respect to the Revolving Commitments) of the maximum amount which is or at any time may become available to be drawn thereunder. In the event that the Borrower shall fail for any reason to reimburse the Issuing Bank as provided in [Section 2.17(d)], the Issuing Bank shall promptly notify each Revolving Lender of the unreimbursed amount of such payment or draw. The obligationhonored drawing and of eachsuch Lender’s respective participation therein based on such Lender’s Pro Rata Percentage of the Revolving LoanCommitments. Each Revolving Lender shall make available to reimburse the applicable Issuing Bank under this Section 3.6 shall be unconditional, continuing, irrevocablean amount equal to its respective participation, in Dollars and absolute.in same day funds, at the office of the Issuing Bank specified in such notice, not later than 12:00 noon (New York City time) on the first business day (under the Laws laws of the jurisdiction in which such office of the Issuing Bank is located) after the date notified by the Issuing Bank. In the event that any Revolving Loan Lender fails to make paymentavailable to the Administrative AgentIssuing Bank on such business day the amount of any amount due undersuch Lender’s participation in such Letter of Credit as provided in this Section 3.6,[Section 2.17(e)], the Administrative AgentIssuing Bank shall be entitled to receive, retain and apply againstrecover such obligation the principal and interest otherwise payable to such Revolving Loan Lender hereunder until the Administrative Agent receives such paymentamount on demand from such Revolving Loan Lender or such obligation is otherwise fully satisfied; provided, however, that nothing contained in this sentence shall relieve such Revolving Loan Lender of its obligation to reimburse anyLender, together with interest thereon for three Business Days at the rate customarily used by the Issuing Bank for the correction of errors among banks and thereafter at the Alternate Base Rate. Nothing in this [Section 2.17(e)] shall be deemed to prejudice the right of any Revolving Lender to recover from the Issuing Bank any amounts made available by such Revolving Lender to the Issuing Bank pursuant to this [Section 2.17] in the event that it is determined that the payment with respect to a Letter of Credit in respect of which payment was made by such Revolving Lender constituted gross negligence, bad faith or willful misconduct on the part of the Issuing Bank as determined by a final, non-appealable judgment of a court of competent jurisdiction. In the event the Issuing Bank shall have been reimbursed by other Revolving [[Organization B:Organization]] pursuant to this [Section 2.17(e)] for all or any portion of any drawing honored by the Issuing Bank under a Letter of Credit, the Issuing Bank shall distribute to each Revolving Lender which has paid all amounts payable by it under this [Section 2.17(e)] with respect to such honored drawing such Revolving Lender’s Pro Rata Percentage of all payments subsequently received by the Issuing Bank from the Borrower in accordance with this Section 3.6.reimbursement of such honored drawing when such payments are received. Any such distribution shall be made to a Revolving Lender at its primary address as such Revolving Lender may request.

Participations. By the issuance of a Letter of Credit Participation. Immediately upon the issuance of each other(or an amendment to a Letter of Credit hereunder, each Revolving Loan Lender shall be deemed to have automatically, irrevocablyincreasing the amount or extending the expiration date thereof), and unconditionally purchased and received fromwithout any further action on the applicable Issuing Bank an undivided interest and participation in and to such Letter of Credit, the obligationspart of the applicable BorrowerL/C Issuer or the Revolving Lenders, such L/C Issuer hereby grants to each Revolving Lender, and each Revolving Lender hereby acquires from such L/C Issuer, a participation in respect thereof and the liability of such Issuing Bank thereunder (collectively, an “L/C Interest”) in an amount equal to the amount available for drawing under such Letter of Credit multiplied by such Revolving Loan Lender’s Revolving Pro Rata Share. The applicable Issuing Bank will notify each Revolving Loan Lender promptly upon presentation to it of an L/C Draft or upon any other draw under a Letter of Credit. On or before the Business Day on which the applicable Issuing Bank makes payment of each such L/C Draft or, in the case of any other draw on a Letter of Credit, on demand by the Administrative Agent or such Issuing Bank, each Revolving Loan Lender shall make payment to the Administrative Agent, for the account of the applicable Issuing Bank, in immediately available funds in the applicable Agreed Currency in an amount equal to such Revolving Loan Lender’Lender’s Revolving Pro Rata Share of the aggregate amount available to be drawn under such Letter of such payment or draw. The obligation of eachCredit. Each Revolving Loan Lender to reimburse the applicable Issuing Bank under this Section 3.6 shall be unconditional, continuing, irrevocableacknowledges and absolute. In the eventagrees that any Revolving Loan Lender fails to make payment to the Administrative Agent of any amount due under this Section 3.6, the Administrative Agent shall be entitled to receive, retain and apply against such obligation the principal and interest otherwise payable to such Revolving Loan Lender hereunder until the Administrative Agent receives such payment from such Revolving Loan Lender or such obligation is otherwise fully satisfied; provided, however, that nothing contained in this sentence shall relieve such Revolving Loan Lender of its obligation to reimburseacquire participations pursuant to this [clause (e)] in respect of Letters of Credit is absolute, unconditional and irrevocable and shall not be affected by any Issuing Bank for such amounts in accordance with this Section 3.6.circumstance whatsoever, including any amendment, extension, reinstatement or renewal of any Letter of Credit or the occurrence and continuance of a Default or reduction or termination of the Aggregate Revolving Credit Commitments.

Immediately upon each LC Issuance, the LC Issuer of such Letter of Credit Participation. Immediately upon the issuance of each other Letter of Credit hereunder, each Revolving Loan Lender shall be deemed to have automatically,sold and transferred to each Revolving Lender with a Revolving Commitment, and each such Lender (each an “LC Participant”) shall be deemed irrevocably and unconditionally to have purchased and received from the applicable Issuing Banksuch LC Issuer, without recourse or warranty, an undivided interest and participation (an “LC Participation”), to the extent of such Lender’s Revolving Facility Percentage of the Stated Amount of such Letter of Credit in and toeffect at such time of issuance, in such Letter of Credit, each substitute Letter of Credit, each drawing made thereunder, the obligations of the applicable Borrower inany LC Obligor under this Agreement with respect thereof and the liability of such Issuing Bank thereunder (collectively, an “L/C Interest”) in an amount equal to the amount available for drawing under such Letter of Credit multiplied by such Revolving Loan Lender’s Revolving Pro Rata Share. The applicable Issuing Bank will notify each Revolving Loan Lender promptly upon presentation to it of an L/C Draft or upon any other draw under a Letter of Credit. On or before the Business Day on which the applicable Issuing Bank makes payment of each such L/C Draft or, in the case of any other draw on a Letter of Credit, on demand by the Administrative Agent or such Issuing Bank, each Revolving Loan Lenderthereto (although LC Fees relating thereto shall make paymentbe payable directly to the Administrative Agent,Agent for the account of the applicable Issuing Bank,Revolving Lenders as provided in immediately available funds inSection 2.11 and the applicable Agreed Currency in an amount equalLC Participants shall have no right to such Revolving Loan Lender’s Revolving Pro Rata Sharereceive any portion of any fees of the amount of such paymentnature contemplated by Section 2.11 [(d) or draw. The obligation of each Revolving Loan Lender to reimburse(e)]), the applicable Issuing Bank under this Section 3.6 shall be unconditional, continuing, irrevocable and absolute. In the event that any Revolving Loan Lender fails to make payment to the Administrative Agentobligations of any amount dueLC Obligor under this Section 3.6,any LC Documents pertaining thereto, and any security for, or guaranty pertaining to, any of the Administrative Agent shall be entitled to receive, retain and apply against such obligation the principal and interest otherwise payable to such Revolving Loan Lender hereunder until the Administrative Agent receives such payment from such Revolving Loan Lender or such obligation is otherwise fully satisfied; provided, however, that nothing contained in this sentence shall relieve such Revolving Loan Lender of its obligation to reimburse any Issuing Bank for such amounts in accordance with this Section 3.6.foregoing.