Cash Collateral Call. If any Syndicated Lender becomes, and during the period it remains, a Defaulting Lender, if any Letter of Credit or Swingline Loan is at the time outstanding, the Issuing Bank and the Swingline Lenders, as the case may be, may (except, in the case of a Defaulting Lender, to the extent the Commitments have been fully reallocated pursuant to Section 2.19(b)), by notice to the Borrower and such Defaulting Lender through the Administrative Agent, require the Borrower to Cash Collateralize the obligations of the Borrower to the Issuing Bank and such Swingline Lender, as the case may be, in respect of such Letter of Credit or Swingline Loan in an amount equal to the aggregate amount of the unreallocated obligations (contingent or otherwise) of such Defaulting Lender to be applied pro rata in respect thereof, or to make other arrangements satisfactory to the Administrative Agent, and to the Issuing Bank and the Swingline Lenders, as the case may be, in their sole discretion to protect them against the risk of non-payment by such Defaulting Lender.
Appears in 4 contracts
Samples: Senior Secured Credit Agreement (SLR Investment Corp.), Senior Secured Credit Agreement (Solar Capital Ltd.), Senior Secured Credit Agreement (Solar Capital Ltd.)
Cash Collateral Call. If any Syndicated Lender becomes, and during the period it remains, a Potential Defaulting Lender, if any Letter of Credit or Swingline Swing Line Loan is at the time outstanding, the any Issuing Bank and the Swingline LendersLender or Swing Line Lender, as the case may be, may (except, in the case of a Defaulting Lender, to the extent the Commitments have been fully reallocated pursuant to Section 2.19(b))may, by notice to the Borrower Borrowers and such Potential Defaulting Lender through the Administrative Agent, require the each applicable Borrower to Cash Collateralize cash collateralize (on terms reasonably acceptable to the Administrative Agent and such Issuing Lender or Swing Loan Lender, as applicable) the obligations of the such Borrower to the such Issuing Bank and such Swingline Lender or Swing Line Lender, as the case may beapplicable, in respect of such Letter of Credit or Swingline Loan Swing Line Loan, as applicable, in an amount at least equal to the aggregate amount of the unreallocated obligations (contingent or otherwise) of such Potential Defaulting Lender to be applied pro rata in respect thereofthereof within 10 Business Days after any such notice from the Administrative Agent, or to make other arrangements satisfactory to the Administrative Agent, and to the such Issuing Bank and the Swingline LendersLender or such Swing Line Lender, as the case may be, in their sole discretion to protect them against the risk of non-payment by such Potential Defaulting Lender.
Appears in 3 contracts
Samples: Revolving Credit Agreement (Revlon Consumer Products Corp), Revolving Credit Agreement (Revlon Consumer Products Corp), Revolving Credit Agreement (Revlon Consumer Products Corp)
Cash Collateral Call. If any Syndicated Lender becomes, and during the period it remains, a Defaulting Lender or a Potential Defaulting Lender, if any Letter of Credit Credit, or Swingline Loan is at the time outstanding, the Issuing Bank Letter of Credit Issuer and the Swingline LendersLender, as the case may be, may (except, in the case of a Defaulting Lender, to the extent the Commitments have been fully reallocated pursuant to Section 2.19(b2.14(a)), by notice to the Borrower RailAmerica and such Defaulting Lender or Potential Defaulting Lender through the Administrative Agent, require the Borrower Borrowers to Cash Collateralize the obligations of the Borrower Borrowers to the Issuing Bank Letter of Credit Issuer and such the Swingline Lender, as the case may be, Lender in respect of such Letter of Credit or Swingline Loan in an amount at least equal to the aggregate amount of the unreallocated obligations (contingent or otherwise) of such Defaulting Lender to be applied pro rata or such Potential Defaulting Lender in respect thereof, or to make other arrangements satisfactory to the Administrative Agent, and to the Issuing Bank Letter of Credit Issuer and the Swingline Lenders, as the case may beLender, in their sole discretion to protect them against the risk of non-payment by such Defaulting Lender or Potential Defaulting Lender.
Appears in 2 contracts
Samples: Credit Agreement (Railamerica Inc /De), Credit Agreement (Railamerica Inc /De)
Cash Collateral Call. If any Syndicated Lender becomes, and during the period it remains, a Defaulting Lender or a Potential Defaulting Lender, if any Letter of Credit or Swingline Loan is at the time outstanding, the Issuing Bank and the Swingline LendersLender, as the case may be, may (except, in the case of a Defaulting Lender, to the extent the Commitments have been fully reallocated pursuant to Section 2.19(b2.19(c)), by notice to the Borrower Borrowers and such Defaulting Lender or Potential Defaulting Lender through the Administrative Agent, require the Borrower Borrowers to Cash Collateralize the obligations of the Borrower Borrowers to the Issuing Bank and such the Swingline Lender, as the case may be, Lender in respect of such Letter of Credit or Swingline Loan in an amount at least equal to the aggregate amount of the unreallocated obligations (contingent or otherwise) of such Defaulting Lender to be applied pro rata or such Potential Defaulting Lender in respect thereof, or to make other arrangements satisfactory to the Administrative Agent, and to the Issuing Bank and the Swingline LendersLender, as the case may be, in their sole discretion to protect them against the risk of non-payment by such Defaulting Lender or Potential Defaulting Lender.
Appears in 2 contracts
Samples: Credit Agreement (KKR Financial Holdings LLC), Credit Agreement (KKR Financial Holdings LLC)
Cash Collateral Call. If any Syndicated Revolving Lender becomes, and during the period it remains, a Defaulting Lender, if any Letter of Credit or Swingline Loan is at the time outstanding, the Issuing Bank applicable L/C Issuer and the Swingline LendersLender, as the case may be, may (except, in the case of a Defaulting Lender, to the extent the Revolving Commitments have been fully reallocated pursuant to Section 2.19(b2.14(b)), by notice to the Borrower and such Defaulting Lender through the Administrative Agent, require the Borrower to Cash Collateralize the obligations of the Borrower to such L/C Issuer or the Issuing Bank and such Swingline Lender, as the case may be, Lender in respect of such Letter of Credit or Swingline Loan in an amount at least equal to the aggregate amount of the unreallocated obligations (contingent or otherwise) of such Defaulting Lender to be applied pro rata in respect thereof, or to make other arrangements satisfactory to the Administrative Agent, and to the Issuing Bank and such L/C Issuer or the Swingline LendersLender, as the case may be, in their sole discretion to protect them against the risk of non-payment by such Defaulting Lender.
Appears in 1 contract
Cash Collateral Call. If any Syndicated Lender becomes, and during the period it remains, a Defaulting Lender, if any Letter of Credit or Swingline Swing Line Loan is at the time outstanding, the Issuing Bank applicable L/C Issuer and the Swingline LendersSwing Line Lender, as the case may be, may (except, in the case of a Defaulting Lender, to the extent the Commitments have been fully reallocated pursuant to Section 2.19(b2.16(a)(i)), by notice to the Borrower and such Defaulting Lender through the Administrative Agent, require the Borrower to Cash Collateralize the obligations of the Borrower to such L/C Issuer and the Issuing Bank and such Swingline Lender, as the case may be, Swing Line Lender in respect of such Letter of Credit or Swingline Swing Line Loan in an amount at least equal to the aggregate amount of the unreallocated obligations (contingent or otherwise) of such Defaulting Lender to be applied pro rata in respect thereof, or to make other arrangements satisfactory to the Administrative Agent, and to the Issuing Bank such L/C Issuer and the Swingline LendersSwing Line Lender, as the case may be, in their sole discretion to protect them against the risk of non-payment by such Defaulting Lender.
Appears in 1 contract
Cash Collateral Call. If any Syndicated Lender becomes, and during the period it remains, a Defaulting Lender, if any Letter of Credit or Swingline Loan is at the time outstanding, the applicable Issuing Bank and the Swingline Lenders, as the case may be, may (except, in the case of a Defaulting Lender, to the extent the Commitments have been fully reallocated pursuant to Section 2.19(b)), by notice to the Borrower and such Defaulting Lender through the Administrative Agent, require the Borrower to Cash Collateralize the obligations of the Borrower to the thesuch Issuing Bank and such Swingline Lender, as the case may be, in respect of such Letter of Credit or Swingline Loan in an amount equal to the aggregate amount of the unreallocated obligations (contingent or otherwise) of such Defaulting Lender to be applied pro rata in respect thereof, or to make other arrangements satisfactory to the Administrative Agent, and to the thesuch Issuing Bank and the Swingline Lenders, as the case may be, in their sole discretion to protect them against the risk of non-payment by such Defaulting Lender.
Appears in 1 contract
Samples: Senior Secured Credit Agreement (SLR Investment Corp.)
Cash Collateral Call. If any Syndicated Lender becomes, and during the period it remains, a Defaulting Lender, if any Letter of Credit or Swingline Loan is at the time outstanding, the applicable Issuing Bank and the Swingline Lenders, as the case may be, may (except, in the case of a Defaulting Lender, to the extent the Commitments have been fully reallocated pursuant to Section 2.19(b)), by notice to the Borrower and such Defaulting Lender through the Administrative Agent, require the Borrower to Cash Collateralize the obligations of the Borrower to the such Issuing Bank and such Swingline Lender, as the case may be, in respect of such Letter of Credit or Swingline Loan in an amount equal to the aggregate amount of the unreallocated obligations (contingent or otherwise) of such Defaulting Lender to be applied pro rata in respect thereof, or to make other arrangements satisfactory to the Administrative Agent, and to the such Issuing Bank and the Swingline Lenders, as the case may be, in their sole discretion to protect them against the risk of non-payment by such Defaulting Lender.
Appears in 1 contract
Samples: Senior Secured Credit Agreement (SLR Investment Corp.)
Cash Collateral Call. If any Syndicated Lender becomes, and during the period it remains, a Potential Defaulting Lender, if any Letter of Credit or Swingline Swing Line Loan is at the time outstanding, the any Issuing Bank and the Swingline LendersLender or Swing Line Lender, as the case may be, may (except, in the case of a Defaulting Lender, to the extent the Commitments have been fully reallocated pursuant to Section 2.19(b))may, by notice to the Borrower Borrowers and such Potential Defaulting Lender through the Administrative Agent, require the each applicable Borrower to Cash Collateralize cash collateralize (on terms reasonably acceptable to the Administrative Agent and such Issuing Lender or Swing Loan Lender, as applicable) the obligations of the such Borrower to the such Issuing Bank and such Swingline Lender or Swing Line Lender, as the case may beapplicable, in respect of such Letter of Credit or Swingline Loan Swing Line Loan, as applicable, in an amount at least equal to the aggregate amount of the unreallocated obligations (contingent or otherwise) of such Potential Defaulting Lender to be applied pro rata in respect thereofthereof within ten (10) Business Days after any such notice from the Administrative Agent, or to make other arrangements satisfactory to the Administrative Agent, and to the such Issuing Bank and the Swingline LendersLender or such Swing Line Lender, as the case may be, in their sole discretion to protect them against the risk of non-payment by such Potential Defaulting Lender.
Appears in 1 contract
Samples: Revolving Credit Agreement (Revlon Consumer Products Corp)