Kodak 2011 Annual Report Download - page 192

Date the aggregate principal amount of the Revolving Loans made by such Lender to such Borrower then outstanding.
(b) Letter of Credit Drawings . The obligations of the Company under any Letter of Credit Agreement and any other agreement or
instrument relating to any Letter of Credit shall be unconditional and irrevocable, and shall be paid strictly in accordance with the terms of this Agreement,
such Letter of Credit Agreement and such other agreement or instrument under all circumstances, including, without limitation, the following circumstances
(it being understood that any such payment by the Company is without prejudice to, and does not constitute a waiver of, any rights the Company might have
or might acquire as a result of the payment by any Lender of any draft or the reimbursement by the Company thereof, including, without limitation,
pursuant to Section 8.13 ):
(i) any lack of validity or enforceability of this Agreement or any Note, or of any Letter of Credit Agreement, any Letter of
Credit or any other agreement or instrument relating thereto (such Letter of Credit Agreement, Letter of Credit and related instruments or
instruments being, collectively, the “ L/C Related Documents ”);
(ii) any change in the time, manner or place of payment of, or in any other term of, all or any of the obligations of such
Borrower in respect of any L/C Related Document or any other amendment or waiver of or any consent to departure from all or any of the L/C
Related Documents;
(iii) the existence of any claim, set-off, defense or other right that such Borrower may have at any time against any
beneficiary or any transferee of a Letter of Credit (or any Persons for which any such beneficiary or any such transferee may be acting), any
Issuing Bank, the Agent, any Lender or any other Person, whether in connection with the transactions contemplated by the L/C Related Documents
or any unrelated transaction;
(iv) any statement or any other document presented under a Letter of Credit proving to be forged, fraudulent, invalid or
insufficient in any respect or any statement therein being untrue or inaccurate in any respect;
(v) payment by any Issuing Bank under a Letter of Credit against presentation of a draft or certificate that does not strictly
comply with the terms of such Letter of Credit;
(vi) any exchange, release or non-
perfection of any Collateral or other collateral, or any release or amendment or waiver of or
consent to departure from any guarantee, for all or any of the obligations of the Company in respect of the L/C Related Documents; or
(vii) any other circumstance or happening whatsoever, whether or not similar to any of the foregoing, including, without
limitation, any other circumstance that might otherwise constitute a defense available to, or a discharge of, the Company or a Guarantor.
(c) Term Facility . The Company shall repay to the Agent for the ratable account of each applicable Lender on the Termination Date
the aggregate principal amount of the Term Loans made by such Lender to the Company then outstanding.
SECTION 2.07. Interest on Loans . (a) Scheduled Interest . Each Borrower shall pay interest on the unpaid principal amount of each
Loan owing by such Borrower to the Agent for the account of each applicable Lender from the date of such Loan until such principal amount shall be paid
in full, at the following rates per annum:
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