the Administrative Agent's then in effect
customary fees and administrative expenses payable with respect to the Letters
of Credit as the Administrative Agent may generally charge or incur from time to
time in connection with the issuance, maintenance, modification (if any),
assignment or transfer (if any), negotiation, and administration of Letters of
Credit.
2.8.3
DISBURSEMENTS, REIMBURSEMENT.
IMMEDIATELY UPON THE ISSUANCE OF EACH LETTER OF CREDIT,
EACH BANK SHALL BE DEEMED TO, AND HEREBY IRREVOCABLY AND UNCONDITIONALLY AGREES
TO, PURCHASE FROM THE ADMINISTRATIVE AGENT A PARTICIPATION IN SUCH LETTER OF
CREDIT AND EACH DRAWING THEREUNDER IN AN AMOUNT EQUAL TO SUCH BANK'S RATABLE
SHARE OF THE MAXIMUM AMOUNT AVAILABLE TO BE DRAWN UNDER SUCH LETTER OF CREDIT
AND THE AMOUNT OF SUCH DRAWING, RESPECTIVELY.
IN THE EVENT OF ANY REQUEST FOR A DRAWING UNDER A LETTER
OF CREDIT BY THE BENEFICIARY OR TRANSFEREE THEREOF, THE ADMINISTRATIVE AGENT
WILL PROMPTLY NOTIFY TGI, AS AGENT FOR THE BORROWERS.
PROVIDED THAT IT SHALL
HAVE RECEIVED SUCH NOTICE, THE BORROWERS SHALL REIMBURSE (SUCH OBLIGATION TO
REIMBURSE THE ADMINISTRATIVE AGENT SHALL SOMETIMES BE REFERRED TO AS A
"REIMBURSEMENT OBLIGATION") THE ADMINISTRATIVE AGENT IN DOLLARS PRIOR TO 12:00
NOON, PITTSBURGH TIME ON EACH DATE THAT AN AMOUNT IS PAID BY THE ADMINISTRATIVE
AGENT UNDER ANY LETTER OF CREDIT (EACH SUCH DATE, AN "DRAWING DATE") IN AN
AMOUNT EQUAL TO THE DOLLAR EQUIVALENT AMOUNT SO PAID BY THE ADMINISTRATIVE
AGENT.
IN THE EVENT THE BORROWERS FAIL TO REIMBURSE THE ADMINISTRATIVE AGENT
FOR THE FULL DOLLAR EQUIVALENT AMOUNT OF ANY DRAWING UNDER ANY LETTER OF
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CREDIT BY 12:00 NOON, PITTSBURGH TIME, ON THE DRAWING DATE, THE ADMINISTRATIVE
AGENT WILL PROMPTLY NOTIFY EACH BANK THEREOF, AND THE BORROWERS SHALL BE DEEMED
TO HAVE REQUESTED THAT REVOLVING CREDIT LOANS BE MADE BY THE BANKS IN DOLLARS
UNDER THE BASE RATE OPTION TO BE DISBURSED ON THE DRAWING DATE UNDER SUCH LETTER
OF CREDIT, SUBJECT TO THE AMOUNT OF THE UNUTILIZED PORTION OF THE REVOLVING
CREDIT COMMITMENT AND SUBJECT TO THE CONDITIONS SET FORTH IN SECTION 6.2 [EACH
ADDITIONAL LOAN] OTHER THAN ANY NOTICE REQUIREMENTS.
ANY NOTICE GIVEN BY THE
ADMINISTRATIVE AGENT PURSUANT TO THIS SECTION MAY BE ORAL IF IMMEDIATELY
CONFIRMED IN WRITING; PROVIDED THAT THE LACK OF SUCH AN IMMEDIATE CONFIRMATION
SHALL NOT AFFECT THE CONCLUSIVENESS OR BINDING EFFECT OF SUCH NOTICE.
EACH BANK SHALL UPON ANY NOTICE PURSUANT TO
SECTION MAKE AVAILABLE TO THE ADMINISTRATIVE AGENT AN AMOUNT IN DOLLARS
IN IMMEDIATELY AVAILABLE FUNDS EQUAL TO ITS RATABLE SHARE OF THE DOLLAR
EQUIVALENT AMOUNT OF THE DRAWING, WHEREUPON THE PARTICIPATING BANKS SHALL
(SUBJECT TO SECTION ) EACH BE DEEMED TO HAVE MADE A REVOLVING CREDIT LOAN
IN DOLLARS TO THE BORROWERS UNDER THE BASE RATE OPTION IN THAT AMOUNT.
IF ANY
BANK SO NOTIFIED FAILS TO MAKE AVAILABLE IN DOLLARS TO THE ADMINISTRATIVE AGENT
FOR THE ACCOUNT OF THE ADMINISTRATIVE AGENT THE AMOUNT OF SUCH BANK'S RATABLE
SHARE OF SUCH DOLLAR EQUIVALENT AMOUNT BY NO LATER THAN 2:00 P.M., PITTSBURGH
TIME ON