Cash Collateral Pledge. If any Letter of Credit remains outstanding and partially or wholly undrawn as of the Revolving Termination Date, then the Company shall immediately Cash Collateralize the L/C Obligations in an amount equal to the maximum amount then available to be drawn under all Letters of Credit.
Appears in 13 contracts
Samples: Credit Agreement (Rayovac Corp), Credit Agreement (Fiberite Holdings Inc), Credit Agreement (Rayovac Corp)
Cash Collateral Pledge. If any Letter of Credit remains outstanding and partially or wholly undrawn as of the Revolving Termination Date, then the Company shall immediately Cash Collateralize the L/C Obligations in an amount equal to the maximum amount then available to be drawn under all Letters of Credit.
Appears in 6 contracts
Samples: Long Term Credit Agreement (Republic Services Inc), Credit Agreement (Lance Inc), Credit Agreement (International Multifoods Corp)
Cash Collateral Pledge. If any Letter of Credit remains outstanding and partially or wholly undrawn as of the U.S. Revolving Termination Date, then the Company shall immediately Cash Collateralize the L/C Obligations in an amount equal to the maximum amount then available to be drawn under all Letters of Credit.
Appears in 1 contract
Samples: Credit Agreement (Rayovac Corp)
