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

Cash Collateral for Letters of Credit. Promptly on demand by the Fronting 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 the Fronting Bank (after giving effect to Section 4.13(c)) on terms reasonably satisfactory to the Administrative Agent and the Fronting 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 the Fronting Bank) for the payment and performance of each Defaulting Lender’s Revolving Credit Commitment Percentage of outstanding Fronted L/C Obligations. Moneys in such account shall be applied by the Administrative Agent to reimburse the Fronting Bank immediately for each Defaulting Lender’s Revolving Credit Commitment Percentage of any drawing under any Fronted 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 the Fronting Issuing Bank or the Administrative Agent from time to time, the Borrower Borrowers shall deliver to the Administrative Agent cash collateral in an amount sufficient to cover all Fronting Exposure with respect to the Fronting Issuing Bank (after giving effect to Section 4.13(c4.4(b)) on terms reasonably satisfactory to the Administrative Agent and the Fronting Issuing Bank (and such cash collateral shall be in United States 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 the Fronting Issuing Bank) for the payment and performance of each Defaulting Lender’s Revolving Credit Applicable Commitment Percentage of outstanding Fronted L/C ObligationsLetter of Credit Outstandings. Moneys in such account shall be applied by the Administrative Agent to reimburse the Fronting Issuing Bank immediately for each Defaulting Lender’s Revolving Credit Applicable Commitment Percentage of any drawing under any Fronted Letter of Credit which has not otherwise been reimbursed by the Borrower Borrowers or such Defaulting Lender.

Cash Collateral for Letters of Credit. Promptly on demand by the Fronting 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 103% of the Fronting Exposure with respect to the Fronting Issuing Bank (after giving effect to Section 4.13(c4.11(a)(iii)) on terms reasonably satisfactory to the Administrative Agent and the Fronting 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 the Fronting Issuing Bank) for the payment and performance of each Defaulting Lender’s Revolving Credit Commitment Percentage of outstanding Fronted L/C Letter of Credit Obligations. Moneys in such account shall be applied by the Administrative Agent to reimburse the Fronting Issuing Bank immediately for each Defaulting Lender’s Revolving Credit Commitment Percentage of any drawing under any Fronted 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 the Fronting 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 the Fronting Issuing Bank (after giving effect to Section 4.13(c4.11(a)(iii)) on terms reasonably satisfactory to the Administrative Agent and the Fronting 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 the Fronting Issuing Bank) for the payment and performance of each Defaulting Lender’s Revolving Credit Commitment Percentage of outstanding Fronted L/C Letter of Credit Obligations. Moneys in such account shall be applied by the Administrative Agent to reimburse the Fronting Issuing Bank immediately for each Defaulting Lender’s Revolving Credit Commitment Percentage of any drawing under any Fronted 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 the Fronting Issuing Bank or the Administrative Agent from time to time, the Borrower Borrowers shall deliver to the Administrative Agent cash collateral in an amount sufficient to cover all Fronting Exposure with respect to the Fronting Issuing Bank (after giving effect to Section 4.13(c4.4(b)) on terms reasonably satisfactory to the Administrative Agent and the Fronting Issuing Bank (and such cash collateral shall be in United States 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 the Fronting Issuing Bank) for the payment and performance of each Defaulting Lender’s Revolving Credit 's Applicable Commitment Percentage of outstanding Fronted L/C ObligationsLetter of Credit Outstandings. Moneys in such account shall be applied by the Administrative Agent to reimburse the Fronting Issuing Bank immediately for each Defaulting Lender’s Revolving Credit 's Applicable Commitment Percentage of any drawing under any Fronted Letter of Credit which has not otherwise been reimbursed by the Borrower Borrowers or such Defaulting Lender.