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WEN » Topics » Reimbursement Obligations

This excerpt taken from the WEN 8-K filed Mar 12, 2009.
Reimbursement Obligations” means, as and when matured, the obligation of Revolving Borrowers to pay, on the date payment is made or scheduled to be made to the beneficiary under each Letter of Credit (or at such other date as may be specified in the applicable Letter of Credit Reimbursement Agreement), all amounts of each draft and other requests for payment drawn under Letters of Credit and all other matured reimbursement or repayment obligations of Revolving Borrowers to any Issuer with respect to amounts drawn under Letters of Credit.

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