Cash Collateral Pledge. Upon (i) the request of the Agent, (A) if the Issuing Lender has honored any full or partial drawing request on any Letter of Credit and such drawing has resulted in an L/C Borrowing hereunder, or (B) if, as of the Revolving Termination Date, any Letters of Credit may for any reason remain outstanding and partially or wholly undrawn, or (ii) the occurrence of the circumstances described in subsection 2.7(a) requiring the Company to Cash Collateralize Letters of Credit, then, the Company shall immediately Cash Collateralize the Obligations in an amount equal to the L/C Obligations.
Appears in 3 contracts
Samples: Credit Agreement (Nebco Evans Holding Co), Credit Agreement (Nebco Evans Holding Co), Credit Agreement (Ameriserve Transportation Inc)
Cash Collateral Pledge. Upon
(i) Upon the request of the Administrative Agent, (Ai) if the an Issuing Lender Bank has honored any full or partial drawing request on any Letter of Credit and such drawing has resulted in an L/C Borrowing hereunder, or (Bii) if, as of the Revolving Termination Expiration Date, any Letters of Credit may for any reason remain outstanding and partially or wholly undrawn, or (ii) the Borrower shall immediately Cash Collateralize the L/C Obligations in an amount equal to such L/C Obligations. Upon the occurrence of the circumstances described in subsection 2.7(a) Section 2.06 requiring the Company Borrower to Cash Collateralize Letters of Credit, then, the Company Borrower shall immediately Cash Collateralize the L/C Obligations in an amount equal to the L/C Obligationsapplicable excess.
Appears in 2 contracts
Samples: Credit Agreement (Atmos Energy Corp), Credit Agreement (Atmos Energy Corp)
Cash Collateral Pledge. Upon
(i) the request of the Agent, (A) if the Issuing Lender Issuer has honored any full or partial drawing request on any Letter of Credit and such drawing has resulted in an L/C Borrowing hereunder, or (B) if, as of the Revolving Termination Date, any Letters of Credit may for any reason remain outstanding and partially or wholly undrawn, or (ii) the occurrence of the circumstances described in subsection 2.7(a2.09(a) requiring the Company to Cash Collateralize Letters of Credit, or (iii) the termination of the Aggregate Commitment, then, the Company shall immediately Cash Collateralize the L/C Obligations in an amount in Dollars equal to the Dollar Equivalent of the L/C Obligations.
Appears in 2 contracts
Samples: Credit Agreement (Oshkosh Truck Corp), Credit Agreement (Oshkosh Truck Corp)
Cash Collateral Pledge. Upon
(i) the request of the Agent, (A) if the Issuing Lender Bank has honored any full or partial drawing request on any Letter of Credit and such drawing has resulted in an L/C Borrowing hereunder, or (B) if, as of the Facility B Revolving Termination Date, any Letters of Credit may for any reason remain outstanding and partially or wholly undrawn, or (ii) the occurrence of the circumstances described in subsection 2.7(a) Section 2.7 requiring the Company to Cash Collateralize Letters of Credit, then, the Company shall immediately Cash Collateralize the L/C Obligations in an amount equal to the such L/C Obligations.
Appears in 2 contracts
Samples: Credit Agreement (Katy Industries Inc), Credit Agreement (Katy Industries Inc)
Cash Collateral Pledge. Upon
Upon (i) the request of the AgentAgent or the Majority Lenders, (A) if the Issuing Lender Bank has honored any full or partial drawing request on any Letter of Credit and such drawing has resulted in an a L/C Borrowing hereunder, or (B) if, as of the Revolving Termination Date, any Letters of Credit may for any reason remain outstanding and partially or wholly undrawn, or (ii) the occurrence of the circumstances described in subsection 2.7(aSection 2.07(b) requiring the Company to Cash Collateralize Letters of Credit, then, the Company shall immediately Cash Collateralize the L/C Obligations in an amount equal to the such L/C Obligations.
Appears in 2 contracts
Samples: Credit Agreement (CBIZ, Inc.), Credit Agreement (Century Business Services Inc)
Cash Collateral Pledge. Upon
(i) the request of the Agent, (A) if the either Issuing Lender has honored any full or partial drawing request on any Letter of Credit and such drawing has resulted in an L/C Borrowing hereunderhereunder which has not been repaid, or (B) if, as of the Revolving Termination Date, any Letters of Credit may for any reason remain outstanding and partially or wholly undrawn, or (ii) the occurrence of the circumstances described in subsection 2.7(a) 3.10 requiring the Company to Cash Collateralize Letters of Credit, then, the Company shall immediately Cash Collateralize the Obligations in an amount equal to the L/C Obligations.
Appears in 2 contracts
Samples: Credit Agreement (Vans Inc), Credit Agreement (Vans Inc)
Cash Collateral Pledge. Upon
(i) the request of the Agent, (A) if the ---------------------- Issuing Lender Bank has honored any full or partial drawing request on any Letter of Credit and such drawing has resulted in an L/C Borrowing hereunder, or (B) if, as of the Revolving Termination Date, any Letters of Credit may for any reason remain outstanding and partially or wholly undrawn, or (ii) the occurrence of the circumstances described in subsection 2.7(aSection 2.07(a) requiring the Company to Cash Collateralize Letters of Credit, then, the Company shall immediately Cash Collateralize the L/C Obligations in an amount equal to the L/C Obligations.
Appears in 1 contract
Samples: Credit Agreement (Cb Commercial Real Estate Services Group Inc)
Cash Collateral Pledge. Upon
(i) the request of the AgentAgent or the Majority Lenders, (A) if the Issuing Lender has honored any full or partial drawing request on any Letter of Credit and such drawing has resulted in an L/C Borrowing hereunderhereunder at a time when any Event of Default has occurred and is continuing, or (B) if, as of the Revolving Termination Date, any Letters of Credit may for any reason remain outstanding and partially or wholly undrawn, or (ii) the occurrence of the circumstances described in subsection 2.7(aSections 2.07(b) and (c) requiring the Company to Cash Collateralize Letters of Credit, then, the Company shall immediately Cash Collateralize the L/C Obligations in an amount equal to the such L/C Obligations.
Appears in 1 contract
Samples: Credit Agreement (Abc Naco Inc)
Cash Collateral Pledge. Upon
(i) the request of the Administrative ---------------------- Agent, (A) if the Issuing Lender Bank has honored any full or partial drawing request on any Letter of Credit and such drawing has resulted in an L/C Borrowing hereunder, or (B) if, as of the Revolving Termination Maturity Date, any Letters of Credit may for any reason remain outstanding and partially or wholly undrawn, or or
(ii) the occurrence of the circumstances described in subsection 2.7(a) Section 2.07 requiring the Company Borrower to Cash Collateralize Letters of Credit, then, the Company Borrower shall immediately Cash Collateralize the L/C Obligations in an amount equal to the L/C Obligations.
Appears in 1 contract
Samples: Credit Agreement (U S Rentals Inc)
Cash Collateral Pledge. Upon
(i) the request of the Agent, (A) ---------------------- if the Issuing Lender Bank has honored any full or partial drawing request on any Letter of Credit and such drawing has resulted in an L/C Borrowing hereunder, or (B) if, as of the Revolving Termination Date, any Letters of Credit may for any reason remain outstanding and partially or wholly undrawn, or (ii) the occurrence of the circumstances described in subsection 2.7(aSection 2.07(a) requiring the Company to Cash Collateralize Letters of Credit, then, the Company shall immediately Cash Collateralize the L/C Obligations in an amount equal to the L/C Obligations.
Appears in 1 contract
Cash Collateral Pledge. Upon
(i) the request of the Agent, (A) if the ---------------------- Issuing Lender Bank has honored any full or partial drawing request on any Letter of Credit and such drawing has resulted in an L/C Borrowing hereunder, or (B) if, as of the Revolving Termination Date, any Letters of Credit may for any reason remain outstanding and partially or wholly undrawn, or (ii) the occurrence of the circumstances described in subsection Section 2.7(a) requiring the -------------- Company to Cash Collateralize Letters of Credit, then, the Company shall immediately Cash Collateralize the Obligations in an amount equal to the L/C Obligations.
Appears in 1 contract
Cash Collateral Pledge. Upon
(ia) the request of the Agent, (Ai) if the Issuing Lender Bank has honored any full or partial drawing request on any Letter of Credit and such drawing has resulted in an L/C Borrowing hereunder, or (Bii) if, as of the Revolving Termination Date, any Letters of Credit may for any reason remain outstanding and partially or wholly undrawn, or (iib) the occurrence of the circumstances described in subsection 2.7(a2.07(a) requiring the Company to Cash Collateralize Letters of Credit, then, the Company shall immediately Cash Collateralize the L/C Obligations in an amount equal to the (x) such L/C ObligationsObligations in the case of clause (a) above or (y) the amount required by Section 2.07(a) in the case of clause (b) above.
Appears in 1 contract
Samples: Credit Agreement (Gymboree Corp)
Cash Collateral Pledge. Upon
(i) the request of the Agent, (A) if the Issuing Lender Bank has honored any full or partial drawing request on any Letter of Credit and such drawing has resulted in an L/C Borrowing hereunder, or (B) if, as of the Revolving Facility B Termination Date, any Letters of Credit may for any reason remain outstanding and partially or wholly undrawn, or (ii) the occurrence of the circumstances described in subsection 2.7(aSubsection 2.07(b) requiring the Company to Cash Collateralize Letters of Credit, then, the Company shall immediately Cash Collateralize the L/C Obligations in an amount equal to the L/C Obligations.
Appears in 1 contract
Cash Collateral Pledge. Upon
(i) the request of the Administrative Agent, (A) if the Issuing Lender Bank has honored any full or partial drawing request on any Letter of Credit and such drawing has resulted in an L/C Borrowing hereunder, or (B) if, as of the Revolving Termination Date, any Letters of Credit may for any reason remain outstanding and partially or wholly undrawn, or (ii) the occurrence of the circumstances described in subsection 2.7(a2.07(a) requiring the Company to Cash Collateralize Letters of Credit, then, the Company shall immediately Cash Collateralize the Obligations in an amount equal to the L/C Obligations.
Appears in 1 contract
Samples: Credit Agreement (Vista Eyecare Inc)
Cash Collateral Pledge. Upon
(i) the request of the Agent, (A) if the Issuing Lender has honored any full or partial drawing request on any Letter of Credit and such drawing has resulted in an L/C Borrowing hereunder, or (B) if, as of the Revolving Termination Date, any Letters of Credit may for any reason remain outstanding and partially or wholly undrawn, or 55 64 (ii) the occurrence of the circumstances described in subsection 2.7(a) 3.10 requiring the Company to Cash Collateralize Letters of Credit, then, the Company shall immediately Cash Collateralize the Obligations in an amount equal to the L/C Obligations.
Appears in 1 contract
Cash Collateral Pledge. Upon
(i) the request of the Agent, (A) if the Issuing Lender Bank has honored any full or partial drawing request on any Letter of Credit and such drawing has resulted in an L/C Borrowing hereunder, or (B) if, as of the Revolving Termination Date, any Letters of Credit may for any reason remain outstanding and partially or wholly undrawn, or (ii) the occurrence of the circumstances described in subsection Section 2.7(a) requiring the Company to Cash Collateralize Letters of Credit, then, the Company shall immediately Cash Collateralize the L/C Obligations in an amount equal to the such L/C Obligations.
Appears in 1 contract
Cash Collateral Pledge. Upon
(i) the request of the Administrative Agent, (A) if the an Issuing Lender Bank has honored any full or partial drawing request on any Letter of Credit and such drawing has resulted in an L/C Borrowing hereunderunder this Agreement, or (B) if, as of the Revolving Loan Termination Date, any Letters of Credit may for any reason remain outstanding and partially or wholly undrawn, or (ii) the occurrence of the circumstances described in subsection 2.7(aSection 2.07(b) requiring the Company Borrower to Cash Collateralize Letters of Credit, then, the Company Borrower shall immediately Cash Collateralize the L/C Obligations in an amount equal to the L/C Obligations.
Appears in 1 contract
Samples: Credit Agreement (Ferrellgas Partners Finance Corp)
Cash Collateral Pledge. Upon
(i) the request of the AgentAdministrative Agent on behalf of the Lenders, (A) if the any Issuing Lender has honored any full or partial drawing request on any Letter of Credit and such drawing has resulted in an L/C Borrowing hereunder, or (B) if, as of the Revolving Termination Date, any Letters of Credit may for any reason remain outstanding and partially or wholly undrawn, or (ii) the occurrence of the circumstances described in subsection 2.7(a) Section 2.06 ------------ requiring the Company Borrowers to Cash Collateralize Letters of Credit, then, the Company Borrowers shall immediately Cash Collateralize the L/C Obligations in an amount equal to the such L/C Obligations.
Appears in 1 contract
Samples: Credit Agreement (Aecom Merger Corp)
Cash Collateral Pledge. Upon
(i) the request of the Agent, (A) if the Issuing Lender Bank has honored any full or partial drawing request on any Letter of Credit and such drawing has resulted in an L/C Borrowing hereunder, or (B) if, as of the Revolving Termination Date, any Letters of Credit may for any reason remain outstanding and partially or wholly undrawn, or (ii) the occurrence of the circumstances described in subsection 2.7(a2.07(a) requiring the Company to Cash Collateralize Letters of Credit, then, the Company shall immediately Cash Collateralize the Obligations in an amount equal to the such L/C Obligations.
Appears in 1 contract
Cash Collateral Pledge. Upon
(i) the request of the Agent, (A) if the Issuing Lender Bank has honored any full or partial drawing request on any Letter of Credit and such drawing has resulted in an L/C Borrowing hereunder, or (B) if, as of the Revolving Termination Date, any Letters of Credit may for any reason remain outstanding and partially or wholly undrawn, or (ii) the occurrence of the circumstances described in subsection 2.7(a) Section 2.07 requiring the Company to Cash Collateralize Letters of Credit, then, the Company shall immediately Cash Collateralize the L/C Obligations in an amount equal to the such L/C Obligations.
Appears in 1 contract
Cash Collateral Pledge. Upon
Upon (i) the request of the Administrative Agent, (A) if the Issuing Lender has honored any full or partial drawing request on any Letter of Credit and such drawing has resulted in an L/C Borrowing hereunder, or (B) if, as of the Revolving Termination Date, any Letters of Credit may for any reason remain outstanding and partially or wholly undrawn, or (ii) the occurrence of the circumstances described in subsection 2.7(a2.8(a) requiring the Company to Cash Collateralize Letters of Credit, then, the Company shall immediately Cash Collateralize the Obligations in an amount equal to the L/C Obligations.
Appears in 1 contract
Cash Collateral Pledge. Upon
(i) the request of the Agent, (A) if the Issuing Lender Issuer has honored any full or partial drawing request on any Letter of Credit and such drawing has resulted in an L/C Borrowing hereunder, or (B) if, as of the Revolving Termination Date, any Letters of Credit may for any reason remain outstanding and partially or wholly undrawn, or (ii) the occurrence of the circumstances described in subsection 2.7(a2.09(a) requiring the Company to Cash Collateralize Letters of Credit, or (iii) the termination of the Aggregate Revolving Loan Commitment, then, the Company shall immediately Cash Collateralize the L/C Obligations in an amount in Dollars equal to the Dollar Equivalent of the L/C Obligations.
Appears in 1 contract
Cash Collateral Pledge. Upon
(i) the request of the Agent, (A) if the Issuing Lender Bank has honored any full or partial drawing request on any Letter of Credit and such drawing has resulted in an L/C Borrowing hereunder, or (B) subject to the provisions of Sections 2.08 and 3.01(b)(iii), if, as of the Revolving Termination Date, any Letters of Credit may for any reason remain outstanding and partially or wholly undrawn, or (ii) the occurrence of the circumstances described in subsection 2.7(aSection 2.07(a) requiring the Company to Cash Collateralize Letters of Credit, then, the Company shall immediately Cash Collateralize the L/C Obligations in an amount equal to the L/C Obligations.
Appears in 1 contract
Cash Collateral Pledge. Upon
(i) the request of the Agent, (A) if the Issuing Lender Bank has honored any full or partial drawing request on any Letter of Credit and such drawing has resulted in an L/C Borrowing hereunder, or (B) if, as of the Revolving Termination Date, any Letters of Credit may for any reason remain outstanding and partially or wholly undrawn, or (ii) the occurrence of the circumstances described in subsection 2.7(a) Section 2.06 requiring the Company to Cash Collateralize Letters of Credit, then, the Company shall immediately Cash Collateralize the L/C Obligations in an amount equal to the such L/C Obligations.
Appears in 1 contract
Cash Collateral Pledge. Upon
(i) the request of the Agent, (A) if the Issuing Lender Bank has honored any full or partial drawing request on any Letter of Credit and such drawing has resulted in an L/C Borrowing hereunder, or (B) if, as of the Revolving Termination Date, any Letters of Credit may for any reason remain outstanding and partially or wholly undrawn, or (ii) the occurrence of the circumstances described in subsection 2.7(aSection 2.07(a) requiring the Company to Cash Collateralize Letters of Credit, then, the Company shall immediately Cash Collateralize the L/C Obligations in an amount equal to the L/C Obligations.
Appears in 1 contract