Common use of Additional Cash Collateral Clause in Contracts

Additional Cash Collateral. At any time that there shall exist a Defaulting Lender, within one Business Day following the written request of the Administrative Agent or the applicable Issuing Lender (with a copy to the Administrative Agent) the Company shall Cash Collateralize such Issuing Lender’s Fronting Exposure with respect to such Defaulting Lender (determined after giving effect to Section 2.10(a)(iv) and any Cash Collateral provided by such Defaulting Lender).

Appears in 4 contracts

Samples: Credit Agreement (Regal Beloit Corp), Credit Agreement (Regal Beloit Corp), Credit Agreement (Regal Beloit Corp)

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Additional Cash Collateral. At any time that there shall exist a Defaulting Lender, within one Business Day following the written request of the Administrative Agent or the applicable Issuing Lender Issuer (with a copy to the Administrative Agent) the Company shall Cash Collateralize such Issuing LenderIssuer’s Fronting Exposure with respect to such Defaulting Lender (determined after giving effect to Section 2.10(a)(ivsubsection 2.19(a)(iv) and any Cash Collateral provided by such Defaulting Lender).

Appears in 2 contracts

Samples: Credit Agreement (Regis Corp), Credit Agreement (Regis Corp)

Additional Cash Collateral. At any time that there shall exist a Defaulting Lender, within one Business Day following the written request of the Administrative Agent or the applicable Issuing Lender Bank (with a copy to the Administrative Agent) ), the Company shall Cash Collateralize such Issuing LenderBank’s Fronting Defaulting Lender Exposure with respect to such Defaulting Lender (determined after giving effect to Section 2.10(a)(iv2.19.1(d) and any Cash Collateral provided by or in respect of such Defaulting Lender).

Appears in 1 contract

Samples: Credit Agreement (Pentair Inc)

Additional Cash Collateral. At any time that there shall exist a Defaulting Lender, within one Business Day following the written request of the Administrative Agent or the applicable Issuing Lender Bank (with a copy to the Administrative Agent) ), the Company shall Cash Collateralize such Issuing LenderBank’s Fronting Exposure with respect to such Defaulting Lender (determined after giving effect to Section 2.10(a)(iv2.21(a)(iv) and any Cash Collateral provided by or in respect of such Defaulting Lender).

Appears in 1 contract

Samples: Credit Agreement (Pentair Inc)

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Additional Cash Collateral. At any time that there shall exist a Defaulting LenderBank, within one Business Day following the written request of the Administrative Agent or the applicable Issuing Lender Bank (with a copy to the Administrative Agent) the Company shall Cash Collateralize such Issuing LenderBank’s Fronting Exposure with respect to such Defaulting Lender Bank (determined after giving effect to Section 2.10(a)(iv) and any Cash Collateral provided by such Defaulting LenderBank).

Appears in 1 contract

Samples: Assignment Agreement (Regal Beloit Corp)

Additional Cash Collateral. At any time that there shall exist a Defaulting Lender, within one Business Day following the written request of the Administrative Agent or the applicable Issuing Lender Bank (with a copy to the Administrative Agent) ), the Company shall Cash Collateralize such Issuing LenderBank’s Fronting Defaulting Lender Exposure with respect to such Defaulting Lender (determined after giving effect to Section 2.10(a)(iv2.18.1(d) and any Cash Collateral provided by or in respect of such Defaulting Lender).

Appears in 1 contract

Samples: Credit Agreement (PENTAIR PLC)

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