Common use of Cash Collateral Pledge Clause in Contracts

Cash Collateral Pledge. Upon (i) the written request of the Agent, (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, or (B) if, as of the Termination Date (or such earlier date as the Revolving Commitments shall have terminated in accordance with the terms hereof), any Letters of Credit may for any reason remain outstanding and partially or wholly undrawn, or (ii) the occurrence of the circumstances described in SECTION 2.11 requiring the Companies to Cash Collateralize Letters of Credit, then the Companies shall immediately Cash Collateralize the L/C Obligations in an amount equal to such L/C Obligations or in the amount required under SECTION 2.11. If any Letter of Credit expires without the application of such Cash Collateral in full, or if all L/C Borrowings with respect to any Letter of Credit have been paid in full by the Companies, then as long as there is no Event of Default in existence and so long as no such application shall be made within 25 days of the expiration of a Letter of Credit, the Agent shall return to the Companies any cash or deposit account balances that were used by the Companies to Cash Collateralize such Letters of Credit pursuant to this SECTION 3.7 and were not applied to L/C Borrowings.

Cash Collateral Pledge. Upon (i) the written request of the AgentAgent or the Majority Banks, (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 hereunderhereunder which shall not have been repaid by the Companies, or (B) if, as of the Termination Date (or such earlier date as the Revolving L/C Commitments shall have terminated in accordance with the terms hereof), any Letters of Credit may for any reason remain outstanding and partially or wholly undrawn, or (ii) the occurrence of the circumstances described in SECTION 2.11 requiring the Companies to Cash Collateralize Letters of Credit, then the Companies shall immediately Cash Collateralize the L/C Obligations (which, in the case of clause (A) above, shall be equal to such L/C Borrowing) in an amount equal to such L/C Obligations or in the amount required under SECTION 2.11Obligations. If any Letter of Credit expires without the application of such Cash Collateral in full, or if all L/C Borrowings with respect to any Letter of Credit have been paid in full by the Companies, then as long as there is no Event of Default in existence and so long as no such application shall be made within 25 days of the expiration of a Letter of Credit, the Agent shall return to the Companies any cash or deposit account balances that were used by the Companies to Cash Collateralize such Letters of Credit pursuant to this SECTION Section 3.7 and were not applied to L/C Borrowings.

Cash Collateral Pledge. (a) Upon (i) the written request of the Administrative Agent, (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, or (B) if, as of the Termination Date (or such earlier date as the Revolving Commitments shall have terminated in accordance with the terms hereof)Credit A Loan Maturity Date, any Letters of Credit may for any reason remain outstanding and partially or wholly undrawn, or (iiC) the occurrence sum of the circumstances described in SECTION 2.11 requiring the Companies to Cash Collateralize Letters of Credit, then the Companies shall immediately Cash Collateralize the Revolving Credit A Loans plus L/C Obligations exceeds the Total Revolver A Commitment, or (D) the sum of the Loans plus L/C Obligations exceeds the Total Commitment, the Company shall immediately deliver Cash Collateral to the Administrative Agent in an amount equal to such (x) in the case of clause (A) above, the L/C Obligations or Borrowing, (y) in the amount required under SECTION 2.11. If any Letter case of Credit expires without clause (B) above, the application of such Cash Collateral in full, or if all L/C Borrowings with respect Obligations, or (z) in the case of clause (C) or clause (D) above, such excess. Cash Collateral shall be deposited in an interest bearing account in the name of the Administrative Agent and interest earned thereon shall be added to any Letter of Credit and constitute additional Cash Collateral. (b) After all Obligations have been paid and performed finally in full by and all Commitments have terminated the Companies, then as long as there is no Event of Default in existence and so long as no such application shall be made within 25 days of the expiration of a Letter of Credit, the Administrative Agent shall return to the Companies any cash or deposit account balances that were used by the Companies to Company all Cash Collateralize such Letters of Credit pursuant to this SECTION 3.7 and were Collateral which has not been applied to L/C Borrowingspay Obligations.

Cash Collateral Pledge. Upon (i) the written request of the AgentAgent or the ---------------------- Majority Banks, (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 hereunderhereunder which shall not have been repaid by the Companies, or (B) if, as of the Termination Date (or such earlier date as the Revolving L/C Commitments shall have terminated in accordance with the terms hereof), any Letters of Credit may for any reason remain outstanding and partially or wholly undrawn, or (ii) the occurrence of the circumstances described in SECTION 2.11 requiring the Companies to Cash Collateralize Letters of Credit, then the Companies shall immediately Cash Collateralize the L/C Obligations (which, in the case of clause (A) above, shall be equal to such L/C Borrowing) in an amount equal to such L/C Obligations or in the amount required under SECTION 2.11Obligations. If any Letter of Credit expires without the application of such Cash Collateral in full, or if all L/C Borrowings with respect to any Letter of Credit have been paid in full by the Companies, then as long as there is no Event of Default in existence and so long as no such application shall be made within 25 days of the expiration of a Letter of Credit, the Agent shall return to the Companies any cash or deposit account balances that were used by the Companies to Cash Collateralize such Letters of Credit pursuant to this SECTION Section 3.7 and were not applied to L/C ----------- Borrowings.

Cash Collateral Pledge. Upon Upon (i) the written request of the Agent, (A) if the Issuing Bank NationsBank has honored any full or partial drawing payment request on any Letter of Credit the Interim Note Guarantee and such drawing payment has resulted in an L/C Interim Note Borrowing hereunder, or (B) if, as of the Termination Date (or such earlier date as the Revolving Commitments shall have terminated in accordance with the terms hereof), any Letters of Credit the Interim Note Guarantee may for any reason remain outstanding and partially or wholly undrawnoutstanding, or (ii) the occurrence of the circumstances described in SECTION Section 2.11 requiring the Companies to Cash Collateralize Letters of CreditCollateralize, then the Companies shall immediately Cash Collateralize the L/C Interim Note Guarantee Obligations in an amount equal to such L/C Interim Note Guarantee Obligations or in the amount required under SECTION Section 2.11. If any Letter of Credit the Interim Note Guarantee expires without the application of such Cash Collateral in full, or if all L/C Interim Note Borrowings with respect to any Letter of Credit the Interim Note Guarantee have been paid in full by the Companies, then as long as there is no Event of Default in existence and so long as no such application shall be made within 25 days of the expiration of a Letter of Creditthe Interim Note Guarantee, the Agent shall return to the Companies any cash or deposit account balances that were used by the Companies to Cash Collateralize such Letters of Credit Interim Note Guarantee pursuant to this SECTION 3.7 Section 4.6 and were not applied to L/C Interim Note Borrowings.

Cash Collateral Pledge. Upon Upon (i) the written request of the Agent, (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, or (B) if, as of the Revolving Termination Date (or such earlier date as the Revolving Commitments shall have terminated in accordance with the terms hereof)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 SECTION 2.11 subsection 2.07(a) requiring the Companies Borrowers to Cash Collateralize Letters of Credit, then then, the Companies Borrowers shall immediately Cash Collateralize the L/C Obligations in an amount equal to such L/C Obligations or in Obligations. Amounts held as cash collateral shall be applied by the amount required Agent to the reimbursement of the Issuing Bank for any payment made by it of drafts drawn under SECTION 2.11. If any Letter Letters of Credit, and then to the Banks for payment of L/C Advances, and the unused portion thereof, if any, after all such Letters of Credit expires without the application have expired or been fully drawn upon, shall be applied to repay other Obligations hereunder. After all Letters of such Cash Collateral in fullCredit have expired or been fully drawn upon, or if all L/C Borrowings with respect to any Letter Obligations have been satisfied, and all other Obligations of Credit the Borrowers hereunder have been paid in full by full, the Companiesbalance, then as long as there is no Event if any, of Default in existence and so long as no such application cash collateral shall be made within 25 days of the expiration of a Letter of Credit, the Agent shall return returned to the Companies any cash or deposit account balances that were used by the Companies to Cash Collateralize such Letters of Credit pursuant to this SECTION 3.7 and were not applied to L/C BorrowingsBorrower.

Cash Collateral Pledge. Upon Upon (i) the written request of the Agent, (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, or (B) if, as of the Termination Date (or such earlier date as the Revolving Commitments shall have terminated in accordance with the terms hereof), any Letters of Credit may for any reason remain outstanding and partially or wholly undrawn, or (ii) the occurrence of the circumstances described in SECTION Section 2.11 requiring the Companies to Cash Collateralize Letters of Credit, then the Companies shall immediately Cash Collateralize the L/C Obligations in an amount equal to such L/C Obligations or in the amount required under SECTION Section 2.11. If any Letter of Credit expires without the application of such Cash Collateral in full, or if all L/C Borrowings with respect to any Letter of Credit have been paid in full by the Companies, then as long as there is no Event of Default in existence and so long as no such application shall be made within 25 days of the expiration of a Letter of Credit, the Agent shall return to the Companies any cash or deposit account balances that were used by the Companies to Cash Collateralize such Letters of Credit pursuant to this SECTION Section 3.7 and were not applied to L/C Borrowings.