Cash Collateral Pledge. Upon the request of the Bank, if, as of the Revolving Termination Date, any Letters of Credit may for any reason remain outstanding and partially or wholly undrawn, then the Company shall immediately Cash Collateralize the L/C Obligations in an amount equal to the aggregate undrawn face amount of all Outstanding Letters of Credit.
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Samples: Credit Agreement (Maxxam Group Holdings Inc), Credit Agreement (Maxxam Group Holdings Inc)
Cash Collateral Pledge. Upon the request of the Bank, ifIf, as of the Revolving Loan Termination Date, any Letters of Credit may for any reason remain outstanding and partially or wholly undrawn, then or upon the Company occurrence and continuation of the circumstances described in Section 2.07(c) requiring the relevant Borrower to Cash Collateralize Letters of Credit, then, the relevant Borrower shall immediately Cash Collateralize the L/C Obligations in an amount equal to the aggregate undrawn face amount of all Outstanding Letters of Creditsuch L/C Obligations or any excess amount.
Appears in 2 contracts
Samples: Multicurrency Credit Agreement (Macdermid Inc), Credit Agreement (Macdermid Inc)
Cash Collateral Pledge. Upon the request of the Bank, if, as of the Revolving Termination Date, If any Letters Letter of Credit may for any reason remain remains outstanding and partially or wholly undrawnundrawn as of the Termination Date, then the Company Borrowers shall immediately Cash Collateralize the L/C Obligations in an amount equal to the aggregate undrawn face maximum amount of then available to be drawn under all Outstanding Letters of Credit.
Appears in 2 contracts
Samples: Credit Agreement (Mettler Toledo Holding Inc), Credit Agreement (Mettler Toledo Holding Inc)
Cash Collateral Pledge. Upon (i) the request of the Bank, if, as of the Revolving Termination Date, any Letters of Credit may for any reason remain outstanding and partially or wholly undrawn, then or (ii) the Company occurrence of the circumstances described in subsection 2.07 requiring the Borrower to Cash Collateralize Letters of Credit, then, the Borrower shall immediately Cash Collateralize the L/C Obligations in an amount equal to the aggregate undrawn face amount of all Outstanding Letters of CreditL/C Obligations.
Appears in 2 contracts
Samples: Credit Agreement (Matlack Systems Inc), Credit Agreement (Matlack Systems Inc)
Cash Collateral Pledge. Upon the request of the Bank, if, as of the Revolving Termination Date, If any Letters Letter of Credit may for any reason remain remains outstanding and partially or wholly undrawnundrawn as of the Termination Date, then the Company Borrowers shall immediately Cash Collateralize the L/C Obligations Issued for their respective accounts in an amount equal to the aggregate undrawn face maximum amount of then available to be drawn under all Outstanding Letters of Credit.
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Samples: Senior Secured Credit Agreement (Greif Brothers Corp)
Cash Collateral Pledge. Upon notice from the request of Agent or the BankRequired Banks, if, as of the Revolving Termination Date, or upon the occurrence of an Event of Default, any Letters of Credit may for any reason remain outstanding and partially or wholly undrawn, then the Company shall Borrowers shall, unless waived by the Required Banks, immediately Cash Collateralize the L/C Obligations in an amount equal to the aggregate undrawn face amount of all Outstanding Letters of CreditL/C Obligations.
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Cash Collateral Pledge. Upon the request of the Bank, if, as of the Revolving Termination Date, If any Letters Letter of Credit may for any reason remain remains ---------------------- outstanding and partially or wholly undrawnundrawn as of the Termination Date, then the Company shall immediately Cash Collateralize the L/C Obligations in an amount equal to the aggregate undrawn face maximum amount of then available to be drawn under all Outstanding Letters of Credit.
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Cash Collateral Pledge. Upon the request of the Bank, if, as of the Revolving Termination Date, If any Letters of Credit may for any reason remain outstanding and partially or wholly undrawnundrawn as of the Termination Date, then the Company Borrower shall immediately Cash Collateralize the L/C Obligations in an amount equal to the aggregate undrawn face maximum amount of all Outstanding then available to be drawn under such Letters of Credit.
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Cash Collateral Pledge. Upon (i) the request of the Bank, if, as of the Revolving Termination Date, any Letters of Credit may for any reason remain outstanding and partially or wholly undrawn, then or (ii) the occurrence of the circumstances described in 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 aggregate undrawn face amount of all Outstanding Letters of CreditObligations.
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Cash Collateral Pledge. Upon the request of the Bank, if, as of the Revolving Termination Date, If any Letters Letter of Credit may for any reason remain remains outstanding and partially or wholly undrawnundrawn as of the Termination Date, then the Company shall Borrowers jointly and severally agree to immediately Cash Collateralize the L/C Obligations in an amount equal to the aggregate undrawn face maximum amount of then available to be drawn under all Outstanding Letters of Credit.
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Cash Collateral Pledge. Upon the request of the Bank, if, as of the Revolving Termination Date, If any Letters Letter of Credit may for any reason remain ---------------------- remains outstanding and partially or wholly undrawnundrawn as of the Termination Date, then the Company shall immediately Cash Collateralize the L/C Obligations in an amount equal to the aggregate undrawn face maximum amount of then available to be drawn under all Outstanding Letters of Credit.
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