Common use of Cash Collateral for Letters of Credit Clause in Contracts

Cash Collateral for Letters of Credit. Promptly on demand by an Issuing Bank or the Administrative Agent from time to time, the Borrower shall deliver to the Administrative Agent cash collateral in an amount sufficient to cover all Fronting Exposure with respect to such Issuing Bank (after giving effect to Section 2.21(c)) on terms reasonably satisfactory to the Administrative Agent and such Issuing Bank (and such cash collateral shall be in Dollars). Any such cash collateral shall be deposited in a separate account with the Administrative Agent, subject to the exclusive dominion and control of the Administrative Agent, as collateral (solely for the benefit of such Issuing Bank) for the payment and performance of each Defaulting Lender’s Applicable Percentage of outstanding Letter of Credit obligations. Moneys in such account shall be applied by the Administrative Agent to reimburse such Issuing Bank immediately for each Defaulting Lender’s Applicable Percentage of any drawing under any Letter of Credit which has not otherwise been reimbursed by the Borrower or such Defaulting Lender.

Cash Collateral for Letters of Credit. Promptly on demand by an the Issuing Bank or the Administrative Agent from time to time, the Borrower shall deliver to the Administrative Agent cash collateral in an amount sufficient to cover all Fronting Exposure with respect to such the Issuing Bank (after giving effect to Section 2.21(c2.15(c)) on terms reasonably satisfactory to the Administrative Agent and such the Issuing Bank (and such cash collateral shall be in Dollars). Any such cash collateral shall be deposited in a separate account with the Administrative Agent, subject to the exclusive dominion and control of the Administrative Agent, as collateral (solely for the benefit of such the Issuing Bank) for the payment and performance of each Defaulting Lender’s Applicable Percentage Pro Rata Share of outstanding Letter of Credit obligationsL/C Borrowings. Moneys in such account shall be applied by the Administrative Agent to reimburse such the Issuing Bank immediately for each Defaulting Lender’s Applicable Percentage Pro Rata Share of any drawing under any Letter of Credit which has not otherwise been reimbursed by the Borrower or such Defaulting Lender.

Cash Collateral for Letters of Credit. Promptly on demand by an Issuing Bank any L/C Issuer or the Administrative Agent from time to time, the Borrower shall deliver to the Administrative Agent cash collateral Cash Collateral in an amount sufficient to cover all Fronting Exposure with respect to such Issuing Bank L/C Issuer (after giving effect to Section 2.21(c3.16(c)) on terms reasonably satisfactory to the Administrative Agent and such Issuing Bank L/C Issuer (and such cash collateral Cash Collateral shall be in Dollars). Any such cash collateral Cash Collateral shall be deposited in a separate account with the Administrative Agent, subject to the exclusive dominion and control of the Administrative Agent, as collateral (solely for the benefit of such Issuing BankL/C Issuer) for the payment and performance of each Defaulting Lender’s Applicable Percentage Pro Rata Share of outstanding Letter of Credit obligationsL/C Obligations. Moneys in such account shall be applied by the Administrative Agent to reimburse such Issuing Bank the applicable L/C Issuer immediately for each Defaulting Lender’s Applicable Percentage Pro Rata Share of any drawing under any Letter of Credit which has not otherwise been reimbursed by the Borrower or such Defaulting Lender.

Cash Collateral for Letters of Credit. Promptly on demand by an Issuing Bank any L/C Issuer or the Administrative Agent from time to time, the Borrower shall deliver to the Administrative Agent cash collateral Cash Collateral in an amount sufficient to cover all Fronting Exposure with respect to such Issuing Bank L/C Issuer (after giving effect to Section 2.21(c3.16(c)) on terms reasonably satisfactory to the Administrative Agent and such Issuing Bank L/C Issuer (and such cash collateral Cash Collateral shall be in Dollars). Any such cash collateral Cash Collateral shall be deposited in a separate account with the Administrative Agent, subject to the exclusive dominion and control of the Administrative Agent, as collateral (solely for the benefit of such Issuing BankL/C Issuer) for the payment and performance of each Defaulting Lender’s Applicable Percentage Pro Rata Share of outstanding Letter of Credit obligationsL/C Obligations. Moneys in such account shall be applied by the Administrative Agent to reimburse such Issuing Bank the applicable L/C Issuer immediately for each Defaulting LenderXxxxxx’s Applicable Percentage Pro Rata Share of any drawing under any Letter of Credit which has not otherwise been reimbursed by the Borrower or such Defaulting Lender.

Cash Collateral for Letters of Credit. Promptly on demand by an Issuing Bank a Facing Agent or the Administrative Agent from time to time, the Borrower Company shall deliver to the Administrative Agent cash collateral Cash Collateral in an amount sufficient to cover all Fronting Exposure with respect to such Issuing Bank Facing Agent (after giving effect to Section 2.21(c)4.1(b)(iii) on terms reasonably satisfactory to the Administrative Agent and such Issuing Bank (and such cash collateral Cash Collateral shall be in Dollars). Any such cash collateral Cash Collateral shall be deposited in a separate account with the Administrative Agent, subject to the exclusive dominion and control of the Administrative Agent, as collateral (solely for the benefit of such Issuing BankFacing Agent) for the payment and performance of each Defaulting Lender’s Applicable Percentage Multicurrency Revolver Pro Rata Share of outstanding Letter of Credit obligationsLC Obligations. Moneys in such account shall be applied by the Administrative Agent to reimburse such Issuing Bank Facing Agent immediately for each Defaulting Lender’s Applicable Percentage Multicurrency Revolver Pro Rata Share of any drawing under any Letter of Credit which has not otherwise been reimbursed by the Borrower Company or such Defaulting Lender.

Cash Collateral for Letters of Credit. Promptly on demand by an the Issuing Bank or the Administrative Agent from time to time, the Borrower shall deliver to the Administrative Agent cash collateral in an amount sufficient to cover all Fronting Exposure with respect to such the Issuing Bank (after giving effect to Section 2.21(c2.27(c)) on terms reasonably satisfactory to the Administrative Agent and such the Issuing Bank (and such cash collateral shall be in Dollars). Any such cash collateral shall be deposited in a separate account with the Administrative Agent, subject to the exclusive dominion and control of the Administrative Agent, as collateral (solely for the benefit of such the Issuing Bank) for the payment and performance of each Defaulting Lender’s Applicable Pro Rata Percentage of outstanding Letter of Credit obligationsL/C Obligations. Moneys in such account shall be applied by the Administrative Agent to reimburse such the Issuing Bank immediately for each Defaulting Lender’s Applicable Pro Rata Percentage of any drawing under any Letter of Credit which has not otherwise been reimbursed by the Borrower or such Defaulting Lender.

Cash Collateral for Letters of Credit. Promptly on demand by an the Issuing Bank or the Administrative Agent from time to time, the Borrower shall deliver to the Administrative Agent cash collateral in an amount sufficient to cover all Fronting Exposure with respect to such the Issuing Bank (after giving effect to Section 2.21(c2.23(c)) on terms reasonably satisfactory to the Administrative Agent and such the Issuing Bank (and such cash collateral shall be in Dollars). Any such cash collateral shall be deposited in a separate account with the Administrative Agent, subject to the exclusive dominion and control of the Administrative Agent, as collateral (solely for the benefit of such the Issuing Bank) for the payment and performance of each Defaulting Lender’s Applicable Percentage of outstanding Letter of Credit obligationsL/C Exposure. Moneys in such account shall be applied by the Administrative Agent to reimburse such the Issuing Bank immediately for each Defaulting Lender’s Applicable Commitment Percentage of any drawing under any Letter of Credit which has not otherwise been reimbursed by the Borrower or such Defaulting Lender.

Cash Collateral for Letters of Credit. Promptly on demand by an the Issuing Bank or the Administrative Agent from time to time, the Borrower shall deliver to the Administrative Agent cash collateral in an amount sufficient to cover all Fronting Exposure with respect to such the Issuing Bank (after giving effect to Section 2.21(c2.15(c)) on terms reasonably satisfactory to the Administrative Agent and such the Issuing Bank (and such cash collateral shall be in Dollars). Any such cash collateral shall be deposited in a separate account with the Administrative Agent, subject to the exclusive dominion and control of the Administrative Agent, as collateral (solely for the benefit of such the Issuing Bank) for the payment and performance of each Defaulting Lender’s Applicable Percentage Pro Rata Share of outstanding Letter of L/C Credit obligationsExtensions. Moneys in such account shall be applied by the Administrative Agent to reimburse such the Issuing Bank immediately for each Defaulting Lender’s Applicable Percentage Pro Rata Share of any drawing under any Letter of Credit which has not otherwise been reimbursed by the Borrower or such Defaulting Lender.

Cash Collateral for Letters of Credit. Promptly on demand by an Issuing Bank any L/C Issuer or the Administrative Agent from time to time, the Borrower shall deliver to the Administrative Agent cash collateral Cash Collateral in an amount sufficient to cover all Fronting Exposure with respect to such Issuing Bank L/C Issuer (after giving effect to Section 2.21(c3.16(c)) on terms reasonably satisfactory to the Administrative Agent and such Issuing Bank L/C Issuer (and such cash collateral Cash Collateral shall be in Dollars). Any such cash collateral Cash Collateral shall be deposited in a separate account with the Administrative Agent, subject to the exclusive dominion and control of the Administrative Agent, as collateral (solely for the benefit of such Issuing BankL/C Issuer) for the payment and performance of each Defaulting Lender’s Applicable Percentage 's Pro Rata Share of outstanding Letter of Credit obligationsL/C Obligations. Moneys in such account shall be applied by the Administrative Agent to reimburse such Issuing Bank the applicable L/C Issuer immediately for each Defaulting Lender’s Applicable Percentage 's Pro Rata Share of any drawing under any Letter of Credit which has not otherwise been reimbursed by the Borrower or such Defaulting Lender.