Cash Collateral, Repayment of Swing Line Loans. If the reallocation described in clause (a)(iv) above cannot, or can only partially, be effected, the Borrowers shall, without prejudice to any right or remedy available to them hereunder or under applicable Law, (x) first, prepay Swing Line Loans in an amount equal to the Swing Line Lenders’ Fronting Exposure (provided that such prepayment shall be applied to reduce such Defaulting Lender’s participation in such Swing Line Loans, and shall not reduce the participation of any Non-Defaulting Lender in such Swing Line Loans) and (y) second, Cash Collateralize the L/C Issuers’ Fronting Exposure in accordance with the procedures set forth in Section 2.03(g).
Appears in 8 contracts
Samples: Credit Agreement (Lands' End, Inc.), Credit Agreement (Lands' End, Inc.), Credit Agreement (Lands' End, Inc.)
Cash Collateral, Repayment of Swing Line Loans. If the reallocation described in clause (a)(iviv) above cannot, or can only partially, be effected, the Borrowers shall, Borrower shall without prejudice to any right or remedy available to them it hereunder or under applicable Law, (x) first, prepay Swing Line Loans in an amount equal to the Swing Line Lenders’ Lender’s Fronting Exposure (with respect to such Defaulting Lender; provided that such prepayment shall be applied to reduce such Defaulting Lender’s participation in such Swing Line Loans, Loans and shall not reduce the participation of any Nonnon-Defaulting Lender Lender’s participation in such Swing Line Loans) , and (y) second, Cash Collateralize the L/C Issuers’ Fronting Exposure with respect to such Defaulting Lender in accordance with the procedures set forth in Section 2.03(g).
Appears in 6 contracts
Samples: Amendment and Restatement Agreement (Valvoline Inc), Credit Agreement (Ashland Global Holdings Inc), Credit Agreement (Valvoline Inc)
Cash Collateral, Repayment of Swing Line Loans. If the reallocation described in clause (a)(iv) above cannot, or can only partially, be effected, the Borrowers Borrower shall, without prejudice to any right or remedy available to them it hereunder or under applicable Law, (x) first, prepay Swing Line Loans in an amount equal to the Swing Line Lenders’ Lender's Fronting Exposure (with respect to such Defaulting Lender; provided that such prepayment shall be applied to reduce such Defaulting Lender’s 's participation in such Swing Line Loans, Loans and shall not reduce the participation of any Non-Defaulting Lender in such Swing Line Loans) Loans and (y) second, Cash Collateralize the L/C Issuers’ ' Fronting Exposure with respect to such Defaulting Lender in accordance with the procedures set forth in Section 2.03(g)2.15.
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Cash Collateral, Repayment of Swing Line Loans. If the reallocation described in clause (a)(iviv) above cannot, or can only partially, be effected, the Borrowers shall, Borrower shall without prejudice to any right or remedy available to them it hereunder or under applicable Law, (x) first, prepay Swing Line Loans in an amount equal to the Swing Line Lenders’ Lender’s Fronting Exposure (with respect to such Defaulting Lender; provided that such prepayment shall be applied to reduce such Defaulting Lender’s participation in such Swing Line Loans, Loans and shall not reduce the participation of any Nonnon-Defaulting Lender Lender’s participation in such Swing Line Loans) , and (y) second, Cash Collateralize the L/C Issuers’ Fronting Exposure with respect to such Defaulting Lender in accordance with the procedures set forth in Section 2.03(g).. [Valvoline - Credit Agreement]
Appears in 1 contract
Samples: Amendment and Restatement Agreement (Valvoline Inc)
Cash Collateral, Repayment of Swing Line Loans. If the reallocation described in clause (a)(iv) above cannot, or can only partially, be effected, the Borrowers Borrower shall, without prejudice to any right or remedy available to them it hereunder or under applicable Law, (x) first, prepay Swing Line Loans in an amount equal to the Swing Line Lenders’ Lender’s Fronting Exposure (with respect to such Defaulting Lender; provided that such prepayment shall be applied to reduce such Defaulting Lender’s participation in such Swing Line Loans, Loans and shall not reduce the participation of any Non-Defaulting Lender in such Swing Line Loans) Loans and (y) second, Cash Collateralize the L/C Issuers’ Fronting Exposure with respect to such Defaulting Lender in accordance with the procedures set forth in Section 2.03(g)2.15.
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Cash Collateral, Repayment of Swing Line Loans. If the reallocation described in clause (a)(iviv) above cannot, or can only partially, be effected, the Borrowers shall, Borrower shall without prejudice to any right or remedy available to them it hereunder or under applicable Law, (x) first, prepay Swing Line Loans in an amount equal to the Swing Line Lenders’ Lender’s Fronting Exposure (with respect to such Defaulting Lender; provided that such prepayment shall be applied to reduce such Defaulting Lender’s participation in such Swing Line Loans, Loans and shall not reduce the participation of any Nonnon-Defaulting Lender Lender’s participation in such Swing Line Loans) , and (y) second, Cash Collateralize the L/C Issuers’ Fronting Exposure with respect to such Defaulting Lender in accordance with the procedures set forth in Section 2.03(g).. Table of Contents
Appears in 1 contract
Samples: Credit Agreement (Ashland Inc.)
