Common use of Acceleration of Undrawn Amounts Clause in Contracts

Acceleration of Undrawn Amounts. Should the Administrative Agent demand payment of the Obligations hereunder prior to the Maturity Date pursuant to Section 11.02, the Administrative Agent, by written notice to the Borrower Parties, may take one or both of the following actions: (i) declare the obligation of the Letter of Credit Issuer to issue Letters of Credit hereunder terminated, whereupon such obligations shall forthwith terminate without any other notice of any kind; or (ii) declare the Letter of Credit Liability to be forthwith due and payable, without presentment, demand, protest or any other notice of any kind, all of which are hereby waived, and demand that the Borrower Parties pay to the Administrative Agent for deposit in a segregated interest bearing Cash Collateral Account, as security for the Obligations, an amount equal to the aggregate undrawn stated amount of all Letters of Credit then outstanding at the time such notice is given. Unless otherwise required by applicable Law, upon the full and final payment of the Obligations, the Administrative Agent shall return to the Borrower Parties any amounts remaining in said Cash Collateral Account.

Acceleration of Undrawn Amounts. Should the Administrative Agent demand payment of the Obligations hereunder prior to or upon the occurrence of the Maturity Date pursuant to Section 11.0210.2 hereof, the Administrative Agent, by written notice to the Borrower PartiesBorrowers, may take one or both more of the following actions: (i) declare the obligation of the Letter of Credit Issuer to issue Letters of Credit hereunder terminated, whereupon such obligations obligation shall forthwith terminate without any other notice of any kind; or (ii) declare the outstanding Letter of Credit Liability to be forthwith due and payable, without presentment, demand, protest or any other notice of any kind, all of which are hereby waived, and demand that the each Borrower Parties pay to the Administrative Agent for deposit in a segregated interest bearing Cash Collateral AccountCollateralize, as security for the its Obligations, an amount equal to the aggregate undrawn stated amount of all Letters of Credit then issued for the account of such Borrower and outstanding at the time such notice is given. Unless otherwise required by applicable Lawlaw, upon the full and final payment of the Obligationsoutstanding Obligations and expiry or termination of all Letters of Credit, the Administrative Agent shall return to the each such Borrower Parties its ratable share of any amounts remaining in said Cash Collateral Accountthe applicable cash collateral account.

Acceleration of Undrawn Amounts. Should the Administrative Agent demand payment of the Obligations hereunder prior to the Maturity Date pursuant to Section 11.0210.2, the Administrative Agent, by written notice to the Borrower PartiesBorrowers, may take one or both of the following actions: (i) declare the obligation of the Letter of Credit Issuer to issue Letters of Credit hereunder terminated, whereupon such obligations shall forthwith terminate without any other notice of any kind; or (ii) declare the Letter of Credit Liability to be forthwith due and payable, without presentment, demand, protest or any other notice of any kind, all of which are hereby waived, and demand that the Borrower Parties Borrowers pay to the Administrative Agent for deposit in a segregated interest interest-bearing Cash Collateral Account, as security for the Obligations, an amount equal to the aggregate undrawn stated amount of all Letters of Credit then outstanding at the time such notice is given. Unless otherwise required by applicable Applicable Law, upon the full and final payment of the Obligations, the Administrative Agent shall return to the Borrower Parties Borrowers any amounts remaining in said Cash Collateral Account.

Acceleration of Undrawn Amounts. Should the Administrative Agent or any Lender demand payment of the Obligations hereunder during the existence of an Event of Default prior to the Maturity Date pursuant to Section 11.02Termination Date, the Administrative AgentIssuing Bank, by written notice to the Borrower PartiesBorrower, may take one or both more of the following actions: (i) declare the any obligation of the Letter of Credit Issuer Issuing Bank to issue Letters of Credit hereunder terminated, whereupon any such obligations shall forthwith terminate without any other notice of any kind; or (ii) declare the outstanding Letter of Credit Liability Exposure to be forthwith due and payable, without presentment, demand, protest or any other notice of any kind, all of which are hereby waived, and demand that the Borrower Loan Parties pay to the Administrative Agent Issuing Bank for deposit in a segregated interest non interest-bearing Cash Collateral Accountcash collateral account, as security for the Obligations, an amount equal to the aggregate undrawn stated amount of all Letters of Credit Exposure then outstanding at the time such notice is given. Unless otherwise required by applicable Lawlaw, upon the full and final payment of the Obligations, the Administrative Agent Issuing Bank shall return to the Borrower Parties any amounts remaining in said Cash Collateral Accountcash collateral account.

Acceleration of Undrawn Amounts. Should the Administrative Agent demand payment of the Obligations Obligation hereunder prior to the Maturity Date pursuant to Section 11.02SECTION 11.2 hereof, the Administrative Agent, by written notice to the Borrower PartiesBorrower, may take one or both more of the following actions: : (i) declare the obligation of the Letter of Credit Issuer to issue Letters of Credit hereunder terminated, whereupon such obligations shall forthwith terminate without any other notice of any kind; or (ii) declare the outstanding Letter of Credit Liability to be forthwith due and payable, without presentment, demand, protest or any other notice of any kind, all of which are hereby waived, and demand that the Borrower Parties and any applicable Qualified Borrower pay to the Administrative Agent for deposit in a segregated interest interest-bearing Cash Collateral Accountcash collateral account, as security for the ObligationsObligation, an amount equal to the aggregate undrawn stated amount of all Letters of Credit then outstanding at the time such notice is given. Unless otherwise required by applicable Lawlaw, upon the full and final payment of the ObligationsObligation, the Administrative Agent shall return to Borrower and the applicable Qualified Borrower Parties any amounts remaining in said Cash Collateral Accountcash collateral account.

Acceleration of Undrawn Amounts. Should the Administrative Agent demand payment of the Obligations hereunder prior to the Maturity Date pursuant to Section 11.0210.2 hereof, the Administrative Agent, by written notice to the Borrower PartiesBorrowers, may take one or both more of the following actions: (i) declare the obligation of the Letter of Credit Issuer to issue Letters of Credit hereunder terminated, whereupon such obligations obligation shall forthwith terminate without any other notice of any kind; or (ii) declare the outstanding Letter of Credit Liability to be forthwith due and payable, without presentment, demand, protest or any other notice of any kind, all of which are hereby waived, and demand that the each Borrower Parties pay to the Administrative Agent for deposit in a segregated interest bearing Cash Collateral AccountCollateralize, as security for the its Obligations, an amount equal to the aggregate undrawn stated amount of all Letters of Credit then issued for the account of any member of such Borrower and outstanding at the time such notice is given. Unless otherwise required by applicable Lawlaw, upon the full and final payment of the Obligationsoutstanding Obligations and termination and expiration of all Letters of Credit, the Administrative Agent shall return to the each such Borrower Parties its ratable share of any amounts remaining in said the Cash Collateral Account.

Acceleration of Undrawn Amounts. Should the Administrative Agent demand payment of the Obligations hereunder prior to the Maturity Date pursuant to Section 11.0210.2, the Administrative Agent, by written notice to the Borrower PartiesBorrowers, may take one or both of the following actions: (i) declare the obligation of the Letter of Credit Issuer to issue Letters of Credit hereunder terminated, whereupon such obligations shall forthwith terminate without any other notice of any kind; or (ii) declare the outstanding Letter of Credit Liability to be forthwith due and payable, without presentment, demand, protest or any other notice of any kind, all of which are hereby 703041399 12410180 41 waived, and demand that the Borrower Parties Borrowers pay to the Administrative Agent for deposit in a segregated interest interest-bearing Cash Collateral Accountcash collateral account, as security for the Obligations, an amount equal to the aggregate undrawn stated amount of all Letters of Credit then outstanding at the time such notice is given. Unless otherwise required by applicable Lawlaw, upon the full and final payment of the Obligations, the Administrative Agent shall return to the Borrower Parties Borrowers any amounts remaining in said Cash Collateral Accountcash collateral account.

Acceleration of Undrawn Amounts. Should the Administrative Agent demand payment of the Obligations hereunder prior to the Maturity Date pursuant to Section 11.0210.2, the Administrative Agent, by written notice to the Borrower PartiesBorrowers, may take one or both of the following actions: (i) declare the obligation of the Letter of Credit Issuer to issue Letters of Credit hereunder terminated, whereupon such obligations shall forthwith terminate without any other notice of any kind; or (ii) declare the outstanding Letter of Credit Liability to be forthwith due and payable, without presentment, demand, protest or any other notice of any kind, all of which are hereby waived, and demand that the Borrower Parties Borrowers pay to the Administrative Agent for deposit in a segregated interest interest-bearing Cash Collateral Accountcash collateral account, as security for the Obligations, an amount equal to the aggregate undrawn stated amount of all Letters of Credit then outstanding at the time such notice is given. Unless otherwise required by applicable Lawlaw, upon the full and final payment of the Obligations, the Administrative Agent shall return to the Borrower Parties Borrowers any amounts remaining in said Cash Collateral Accountcash collateral account.

Acceleration of Undrawn Amounts. Should the Administrative Agent demand payment of the Obligations hereunder prior to the Maturity Date pursuant to Section 11.0210.2 hereof, the Administrative Agent, by written notice to the Borrower PartiesBorrowers, may take one or both more of the following actions: (i) declare the obligation of the Letter of Credit Issuer to issue Letters of Credit hereunder terminated, whereupon such obligations shall forthwith terminate without any other notice of any kind; or (ii) declare the outstanding Letter of Credit Liability to be forthwith due and payable, without presentment, demand, protest or any other notice of any kind, all of which are hereby waived, and demand that the applicable Borrower Parties pay in Dollars, to the Administrative Agent for deposit in a segregated interest interest-bearing Cash Collateral Accountcash collateral account, as security for the its Obligations, an amount equal to the aggregate undrawn stated amount of all Letters of Credit issued for the account of any Borrower then outstanding at the time such notice is given. Unless otherwise required by applicable Law, upon the full and final payment of the Obligations, the Administrative Agent shall return to the such Borrower Parties any amounts remaining in said Cash Collateral Accountcash collateral account.

Acceleration of Undrawn Amounts. Should the Administrative Agent demand payment of the Obligations Obligation hereunder prior to the Maturity Date pursuant to Section 11.0210.2 hereof, the Administrative Agent, by written notice to the Borrower PartiesBorrower, may take one or both more of the following actions: (i) declare the obligation of the Letter of Credit Issuer to issue Letters of Credit hereunder terminated, whereupon such obligations shall forthwith terminate without any other notice of any kind; or (ii) declare the outstanding Letter of Credit Liability to be forthwith due and payable, without presentment, demand, protest or any other notice of any kind, all of which are hereby waived, and demand that the Borrower Parties pay to the Administrative Agent for deposit in a segregated interest interest-bearing Cash Collateral Accountcash collateral account, as security for the ObligationsObligation, an amount equal to the aggregate undrawn stated amount of all Letters of Credit then outstanding at the time such notice is given. Unless otherwise required by applicable Lawlaw, upon the full and final payment of the ObligationsObligation, the Administrative Agent shall return to the Borrower Parties any amounts remaining in said Cash Collateral Account.cash collateral account

Acceleration of Undrawn Amounts. Should the Administrative Agent demand payment of the Obligations hereunder prior to the Maturity Date pursuant to Section 11.0210.2, the Administrative Agent, by written notice to the Borrower PartiesBorrowers, may take one or both of the following actions: (i) declare the obligation of the Letter of Credit Issuer to issue Letters of Credit hereunder terminated, whereupon such obligations shall forthwith terminate without any other notice of any kind; or (ii) declare the Letter of Credit Liability to be forthwith due and payable, without presentment, demand, protest or any other notice of any kind, all of which are hereby waived, and demand that the Borrower Parties Borrowers pay to the Administrative Agent for deposit in a segregated interest bearing interest‑bearing Cash Collateral Account, as security for the Obligations, an amount equal to the aggregate undrawn stated amount of all Letters of Credit then outstanding at the time such notice is given. Unless otherwise required by applicable Applicable Law, upon the full and final payment of the Obligations, the Administrative Agent shall return to the Borrower Parties Borrowers any amounts remaining in said Cash Collateral Account.