Common use of Cash Collateral Pledge Clause in Contracts

Cash Collateral Pledge. Upon the request of the Agent or the Required Lenders, (a) if the Issuing 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, (b) if, as of the Tranche A Termination Date, any Tranche A Letters of Credit may for any reason remain outstanding and partially or wholly undrawn, or (c) if, as of the Tranche B Termination Date, any Tranche B 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 such L/C Obligations.

Cash Collateral Pledge. Upon Upon (i) the request of the Agent or the Required LendersAgent, (aA) if the Issuing 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 (bB) if, as of the Tranche A Revolving Termination Date, any Tranche A Letters of Credit may for any reason remain outstanding and partially or wholly undrawn, or (cii) if, as the occurrence of the Tranche B Termination Date, any Tranche B circumstances described in subsection 2.10(b) requiring the Company to Cash Collateralize Letters of Credit may for any reason remain outstanding and partially or wholly undrawnCredit, then, the Company shall immediately Cash Collateralize the L/C Obligations in an amount equal to such L/C Obligations.