Common use of Cash Collateral, Repayment of Swingline Advances Clause in Contracts

Cash Collateral, Repayment of Swingline Advances. If the reallocation described in Section 2.20(a)(iv) above cannot, or can only partially, be effected, the Borrower shall, without prejudice to any right or remedy available to it hereunder or under law, (x) first prepay or Cash Collateralize the Swingline Advances as set forth above in this Section 2.20(b), and (y) second, Cash Collateralize the Issuing Lenders’ Fronting Exposure as set forth above in this Section 2.20(b).

Appears in 4 contracts

Samples: Year Credit Agreement (NOV Inc.), Credit Agreement (National Oilwell Varco Inc), Assignment and Assumption (National Oilwell Varco Inc)

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Cash Collateral, Repayment of Swingline Advances. If the reallocation described in Section 2.20(a)(ivclause (a)(iv) above cannot, or can only partially, be effected, the Borrower Borrowers shall, without prejudice to any right or remedy available to it hereunder or under applicable law, (xA) first first, prepay or Cash Collateralize Swingline Advances in an amount equal to the Swingline Advances as set forth above in this Section 2.20(b), Lender’s Fronting Exposure and (yB) second, Cash Collateralize the Issuing Lenders’ Bank’s Fronting Exposure as in accordance with the procedures set forth above in this Section 2.20(b)2.25.

Appears in 2 contracts

Samples: Credit Agreement (Scholastic Corp), Credit Agreement (Scholastic Corp)

Cash Collateral, Repayment of Swingline Advances. If the reallocation described in Section 2.20(a)(ivclause (iv) above cannot, or can only partially, be effected, the Borrower shall, without prejudice to any right or remedy available to it hereunder or under law, (x) first first, prepay or Cash Collateralize the Swingline Advances as set forth above in this Section 2.20(b), an amount equal to the applicable Lender’s fronting exposure and (y) second, Cash Collateralize cash collateralize the Issuing Lenders’ Fronting Exposure as applicable Lender’s Letter of Credit fronting exposure in accordance with the procedures set forth above in this Section 2.20(b13.4(e).

Appears in 2 contracts

Samples: Loan and Security Agreement (Ubiquiti Networks, Inc.), Loan and Security Agreement (Ubiquiti Networks, Inc.)

Cash Collateral, Repayment of Swingline Advances. If the reallocation described in Section 2.20(a)(iv2.19(a)(iv) above cannot, or can only partially, be effected, the Borrower shall, without prejudice to any right or remedy available to it hereunder or under law, (x) first prepay or Cash Collateralize the Swingline Advances as set forth above in this Section 2.20(b2.19(b), and (y) second, Cash Collateralize the Issuing Lenders’ Fronting Exposure as set forth above in this Section 2.20(b2.19(b).

Appears in 2 contracts

Samples: Credit Agreement (NOW Inc.), Credit Agreement (NOW Inc.)

Cash Collateral, Repayment of Swingline Advances. If the reallocation described in Section 2.20(a)(ivclause (iv) above cannot, or can only partially, be effected, the Borrower shall, without prejudice to any right or remedy available to it hereunder or under lawLegal Requirement, (x) first first, prepay or Cash Collateralize Swingline Advances in an amount equal to the Swingline Advances as set forth above in this Section 2.20(b), Lender’s Fronting Exposure and (y) second, Cash Collateralize the each Issuing Lenders’ Lender’s Fronting Exposure as in accordance with the procedures set forth above in this Section 2.20(b2.3(k).

Appears in 2 contracts

Samples: Credit Agreement (Helmerich & Payne, Inc.), Credit Agreement (Helmerich & Payne Inc)

Cash Collateral, Repayment of Swingline Advances. If the reallocation described in Section 2.20(a)(ivclause (iv) above cannot, or can only partially, be effected, the Borrower shall, without prejudice to any right or remedy available to it hereunder or under law, (x) first first, prepay or Cash Collateralize Swingline Advances in an amount equal to the Swingline Advances as set forth above in this Section 2.20(b), Lender’s Fronting Exposure and (y) second, Cash Collateralize the Issuing Lenders’ Fronting Exposure as in accordance with the procedures set forth above in this Section 2.20(b)2.18.

Appears in 2 contracts

Samples: Credit Agreement (Rowan Companies PLC), Credit Agreement (Rowan Companies PLC)

Cash Collateral, Repayment of Swingline Advances. If the reallocation described in Section 2.20(a)(ivclause (a)(iv) above cannot, or can only partially, be effected, the Borrower Borrowers shall, without prejudice to any right or remedy available to it hereunder or under applicable law, (xA) first first, prepay or Cash Collateralize Swingline Advances in an amount equal to the Swingline Advances as set forth above in this Section 2.20(b), Lender’s Fronting Exposure and (yB) second, Cash Collateralize the Issuing Lenders’ Bank’s Fronting Exposure as in accordance with the procedures set forth above in this Section 2.20(b2.24. (b).

Appears in 1 contract

Samples: Credit Agreement (Scholastic Corp)

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Cash Collateral, Repayment of Swingline Advances. If the reallocation described in Section 2.20(a)(ivclause (d) above cannot, or can only partially, be effected, the Borrower shall, without prejudice to any right or remedy available to it hereunder or under law, (x) first first, prepay or Cash Collateralize Swingline Advances in an amount equal to the Swingline Advances as set forth above in this Section 2.20(b), Lenders’ Fronting Exposure and (y) second, Cash Collateralize the Issuing Lenders’ Lender’s Fronting Exposure as in accordance with the procedures set forth above in this Section 2.20(b)15.30.3.

Appears in 1 contract

Samples: Credit Agreement (CHS Inc)

Cash Collateral, Repayment of Swingline Advances. If the reallocation described in Section 2.20(a)(ivclause (a)(iv) above cannot, or can only partially, be effected, the Borrower Borrowers shall, without prejudice to any right or remedy available to it hereunder or under applicable law, (xA) first first, prepay or Cash Collateralize Swingline Advances in an amount equal to the Swingline Advances as set forth above in this Section 2.20(b), Lender’s Fronting Exposure and (yB) second, Cash Collateralize the Issuing Lenders’ Bank’s Fronting Exposure as in accordance with the procedures set forth above in this Section 2.20(b)2.24.

Appears in 1 contract

Samples: Credit Agreement (Scholastic Corp)

Cash Collateral, Repayment of Swingline Advances. If the reallocation described in Section 2.20(a)(ivclause (iv) above cannot, or can only partially, be effected, the Applicable Borrower shall, without prejudice to any right or remedy available to it hereunder or under law, (x) first first, prepay or Cash Collateralize the Swingline Advances as set forth above in this Section 2.20(b), an amount equal to the Applicable Swingline Lender’s Fronting Exposure and (y) second, Cash Collateralize the Issuing Lenders’ Fronting Exposure as in accordance with the procedures set forth above in this Section 2.20(b2.18(c).

Appears in 1 contract

Samples: Credit Agreement (Complete Production Services, Inc.)

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