Cash Collateral. (i) Upon the request of the Administrative Agent, (A) if the L/C Issuer has honored any full or partial drawing request under any Letter of Credit and such drawing has resulted in an L/C Borrowing, or (B) if, as of the Letter of Credit Expiration Date, any L/C Obligation for any reason remains outstanding, the Company shall, in each case, immediately Cash Collateralize the then Outstanding Amount of all L/C Obligations.
Appears in 25 contracts
Samples: Credit Agreement (Flex Ltd.), Credit Agreement (Flextronics International Ltd.), Credit Agreement (Flextronics International Ltd.)
Cash Collateral. (i) Upon the request of the Administrative Agent, (A) if the L/C Issuer has honored any full or partial drawing request under any Letter of Credit and such drawing has resulted in an L/C Borrowing, or (B) if, as of the Letter of Credit Expiration Date, any L/C Obligation for any reason remains outstanding, the Company Borrower shall, in each case, immediately Cash Collateralize the then Outstanding Amount of all L/C Obligations.
Appears in 16 contracts
Samples: Credit Agreement (Hcp, Inc.), Credit Agreement (Intersil Corp/De), Credit Agreement (Health Care Property Investors Inc)
Cash Collateral. (i) Upon the request of the Administrative Agent, (Ai) if the applicable L/C Issuer has honored any full or partial drawing request under any Letter of Credit and such drawing has resulted in an L/C Borrowing, or (Bii) if, as of the Letter of Credit Expiration Date, any L/C Obligation for any reason remains outstanding, the Company Borrowers shall, in each case, immediately Cash Collateralize the then Outstanding Amount of all L/C ObligationsObligations (in an amount equal to 103% of such Outstanding Amount determined as of the date of such L/C Borrowing or the Letter of Credit Expiration Date, as the case may be).
Appears in 7 contracts
Samples: Credit Agreement (APi Group Corp), Credit Agreement (APi Group Corp), Credit Agreement (APi Group Corp)
Cash Collateral. (i) Upon the request of the Administrative Agent, (A) if the L/C Issuer any Issuing Bank has honored any full or partial drawing request under any Letter of Credit and such drawing has resulted in an L/C Borrowing, or (B) if, as of the Letter of Credit Expiration Date, any L/C Obligation Exposure for any reason remains outstanding, the Company Borrower shall, in each case, immediately Cash Collateralize the then Outstanding Amount of all L/C ObligationsExposure attributable to the Letters of Credit issued for the benefit of the Borrower.
Appears in 6 contracts
Samples: Revolving Credit Agreement (Viatris Inc), Revolving Credit Agreement (Viatris Inc), Revolving Credit Agreement (Viatris Inc)
Cash Collateral. (i) Upon the request of the Administrative Agent, (A) if the L/C Issuer any Issuing Bank has honored any full or partial drawing request under any Letter of Credit and such drawing has resulted in an L/C Borrowing, or (B) if, as of the Letter of Credit Expiration Date, any L/C Obligation Exposure for any reason remains outstanding, the Company Borrowers shall, in each case, immediately Cash Collateralize the then Outstanding Amount L/C Exposure of all L/C ObligationsExposures.
Appears in 5 contracts
Samples: Credit Agreement (Dole PLC), Credit Agreement (Dole PLC), Assignment and Assumption (Dole Food Co Inc)
Cash Collateral. (i) Upon the request of the Administrative Agent, (A) if the L/C Issuer has honored any full or partial drawing request under any Letter of Credit and such drawing has resulted in an L/C Borrowing, or (B) if, as of the Letter of Credit Expiration Date, any L/C Obligation for any reason remains outstanding, the Company Borrowers shall, in each case, immediately Cash Collateralize the then Outstanding Amount of all L/C Obligations.
Appears in 5 contracts
Samples: Credit Agreement (American Eagle Outfitters Inc), Credit Agreement (Fortress Investment Group Holdings LLC), Credit Agreement (Fortress Investment Group LLC)
Cash Collateral. (i) Upon the request of the Administrative Agent, (A) if the any L/C Issuer has honored any full or partial drawing request under any Letter of Credit and such drawing has resulted in an L/C Borrowing, Borrowing or (B) if, as of the Letter of Credit Expiration Date, any L/C Obligation for any reason remains outstanding, the Company Parent Borrower shall, in each case, immediately Cash Collateralize the then Outstanding Amount of all L/C Obligations.
Appears in 4 contracts
Samples: Credit Agreement (Nabors Industries LTD), Credit Agreement (Parker Drilling Co /De/), Credit Agreement (Parker Drilling Co /De/)
Cash Collateral. (i) Upon the request of the Administrative Agent, (A) if the L/C Issuer has honored any full or partial drawing request under any Letter of Credit and such drawing has resulted in an L/C Borrowing, or (B) if, as of the Letter of Credit Expiration Date, any L/C Obligation for any reason remains outstanding, the Company Anixter shall, in each case, immediately Cash Collateralize the then Outstanding Amount of all L/C Obligations.
Appears in 4 contracts
Samples: And Incremental Facility Agreement (Anixter International Inc), Year Revolving Credit Agreement (Anixter International Inc), Revolving Credit Agreement (Anixter International Inc)
Cash Collateral. (i) Upon the request of the Administrative Agent, (A) if the L/C Issuer has honored any full or partial drawing request under any Letter of Credit and such drawing has resulted in an L/C Borrowing, or (B) if, as of the Letter of Credit Expiration Date, any L/C Obligation for any reason remains outstanding, the Company shall, in each case, immediately Cash Collateralize the then Outstanding Amount of all L/C ObligationsObligations in an amount equal to 103% of the Outstanding Amount thereof.
Appears in 4 contracts
Samples: Credit Agreement (Allied Motion Technologies Inc), Credit Agreement (Allied Motion Technologies Inc), Credit Agreement (Allied Motion Technologies Inc)
Cash Collateral. (i) Upon the request of the Administrative Agent, (Ai) if the L/C Issuer has honored any full or partial drawing request under any Letter of Credit and such drawing has resulted in an L/C Borrowing, or (Bii) if, as of the Letter of Credit Expiration Date, any L/C Obligation Letter of Credit may for any reason remains outstandingremain outstanding and partially or wholly undrawn, the Company shall, in each case, Borrower shall immediately Cash Collateralize the then Outstanding Amount of all L/C ObligationsObligations (in an amount equal to such Outstanding Amount).
Appears in 4 contracts
Samples: Credit Agreement (Elcor Corp), Assignment and Assumption Agreement (Granite Construction Inc), Utility Services (California Water Service Group)
Cash Collateral. (i) Upon the request of the Administrative Agent, (Ai) if the L/C Issuer has honored any full or partial drawing request under any Letter of Credit and such drawing has resulted in an L/C Borrowing, or (Bii) if, as of the Letter of Credit Expiration Date, any L/C Obligation for any reason remains outstanding, the Company Borrower shall, in each case, immediately Cash Collateralize the then Outstanding Amount of all L/C Obligations.all
Appears in 3 contracts
Samples: Credit Agreement (United States Cellular Corp), Credit Agreement (Telephone & Data Systems Inc /De/), Credit Agreement (Aztar Corp)
Cash Collateral. (i) Upon the request of the Administrative Agent, (A) if the L/C Issuer has honored any full or partial drawing request under any Letter of Credit and such drawing has resulted in an L/C Borrowing, or (B) if, as of the Letter of Credit Expiration Date, any L/C Obligation for any reason remains outstanding, the Company shallshall (or shall cause the applicable Borrower to), in each case, immediately Cash Collateralize the then Outstanding Amount of all L/C Obligations.
Appears in 3 contracts
Samples: Credit Agreement (Albemarle Corp), Credit Agreement (Albemarle Corp), Credit Agreement (Albemarle Corp)
Cash Collateral. (i) Upon the request of the Administrative Agent, (A) if the applicable L/C Issuer has honored any full or partial drawing request under any Letter of Credit and such drawing has resulted in an L/C Borrowing, or (B) if, as of the Letter of Credit Expiration Date, any L/C Obligation for any reason remains outstanding, the Company Borrowers shall, in each case, immediately Cash Collateralize the then Outstanding Amount of all L/C Obligations.
Appears in 3 contracts
Samples: Credit Agreement (Stericycle Inc), Credit Agreement (Stericycle Inc), Credit Agreement (Stericycle Inc)
Cash Collateral. (i) Upon the request of the Administrative Agent, (Ai) if the L/C Issuer has honored any full or partial drawing request under any Letter of Credit and such drawing has resulted in an L/C Borrowing, or (Bii) if, as of the Letter of Credit Expiration Date, any L/C Obligation for any reason remains outstanding, the Company shall, in each case, immediately Cash Collateralize the then Outstanding Amount of all L/C Obligations.reason
Appears in 3 contracts
Samples: Credit Agreement (Florida East Coast Industries Inc), Credit Agreement (Laureate Education, Inc.), Credit Agreement (Infrasource Services Inc)
Cash Collateral. (i) Upon the request of the Administrative Agent, (A) if the L/C Issuer Issuing Bank has honored any full or partial drawing request under any Letter of Credit and such drawing has resulted in an L/C Borrowing, or (B) if, as of the Letter of Credit Expiration Date, any L/C Obligation for any reason remains outstanding, the Company Borrower shall, in each case, immediately Cash Collateralize the then Outstanding Amount of all L/C Obligations.
Appears in 3 contracts
Samples: Revolving Credit Facility Agreement (Lennox International Inc), Revolving Credit Facility Agreement (Lennox International Inc), Revolving Credit Facility Agreement (Lennox International Inc)
Cash Collateral. (i) Upon the request of the Administrative Agent, (A) if the an L/C Issuer has honored any full or partial drawing request under any Letter of Credit and such drawing has resulted in an L/C Borrowing, or (B) if, as of the Letter of Credit Expiration Date, any L/C Obligation for any reason remains outstanding, the Company Loan Parties shall, in each case, immediately Cash Collateralize the then Outstanding Amount of all L/C Obligations.
Appears in 3 contracts
Samples: Credit Agreement (Torchmark Corp), Credit Agreement (Torchmark Corp), Credit Agreement (Torchmark Corp)
Cash Collateral. (i) Upon the request of the Administrative Agent, (Ai) if the L/C Issuer Issuing Lender has honored any full or partial drawing request under any Letter of Credit and such drawing has resulted in an L/C Borrowinga deemed borrowing, or (Bii) if, as of the expiration date of the Letter of Credit Expiration Date, any L/C Obligation for any reason remains outstanding, the Company Borrower shall, in each case, immediately Cash Collateralize cash collateralize the then Outstanding Amount outstanding amount of all L/C Obligations.
Appears in 3 contracts
Samples: Credit Agreement (Language Line, Inc.), Credit Agreement (Language Line Holdings, Inc.), Credit Agreement (Language Line Costa Rica, LLC)
Cash Collateral. (i) Upon the request of the Administrative Agent, (A) if the an L/C Issuer has honored any full or partial drawing request under any Letter of Credit and such drawing has resulted in an L/C Borrowing, or (B) if, as of the Letter of Credit Expiration Date, any L/C Obligation Obligations for any reason remains outstanding, the Company applicable Borrower shall, in each case, immediately Cash Collateralize the then Outstanding Amount of all L/C Obligations.
Appears in 3 contracts
Samples: Credit Agreement (GFI Group Inc.), Credit Agreement (GFI Group Inc.), Credit Agreement (GFI Group Inc.)
Cash Collateral. (i) Upon the request of the Administrative Agent, (Ai) if the L/C Issuer has honored any full or partial drawing request under any Letter of Credit and such drawing has resulted in an L/C Borrowing, or (Bii) if, as of the Letter of Credit Expiration Date, any L/C Obligation Letter of Credit may for any reason remains outstandingremain outstanding and partially or wholly undrawn, the Company shall, in each case, Borrower shall immediately Cash Collateralize the then Outstanding Amount outstanding amount of all L/C Obligations.Obligations (in an amount equal to such outstanding amount determined as of the date of such L/C Borrowing EXHIBIT K, PAGE 4
Appears in 3 contracts
Samples: Construction Loan Agreement (Skechers Usa Inc), Construction Loan Agreement (Skechers Usa Inc), Construction Loan Agreement (Skechers Usa Inc)
Cash Collateral. (i) Upon the request of the Administrative AgentAgent and any Issuing Bank, as applicable, (A1) if the L/C Issuer such Issuing Bank has honored any full or partial drawing request under any Letter of Credit and such drawing has resulted in an L/C BorrowingUnreimbursed Amount, or (B2) if, as of the Letter of Credit Expiration Date, any L/C Obligation for any reason remains outstanding, the Company Borrower shall, in each case, immediately Cash Collateralize 102% of the then Outstanding Amount amount of all L/C Obligations.
Appears in 3 contracts
Samples: Credit and Guaranty Agreement (Cheniere Energy Partners, L.P.), Credit and Guaranty Agreement (Cheniere Energy, Inc.), Credit and Guaranty Agreement (Cheniere Energy Partners, L.P.)
Cash Collateral. (i) Upon the request of the Administrative Agent, (A) if the applicable L/C Issuer has honored any full or partial drawing request under any Letter of Credit and such drawing has resulted in an L/C Borrowing, or (B) if, as of the applicable Letter of Credit Expiration Date, any L/C Obligation for any reason remains outstanding, the Company shall, in each case, immediately Cash Collateralize the then Outstanding Amount of all L/C Obligations.
Appears in 2 contracts
Samples: Credit Agreement (Solectron Corp), Credit Agreement (Solectron Corp)
Cash Collateral. (i) (A) Upon the request of the Administrative Agent, (A) if the L/C Issuer has honored any full or partial drawing request under any Letter of Credit and such drawing has resulted in an L/C Borrowing, the Borrowers shall immediately Cash Collateralize the amount of such L/C Borrowing or (B) if, as of the Letter of Credit Expiration Maturity Date, any L/C Obligation for any reason remains outstanding, the Company shall, in each case, Borrower shall immediately Cash Collateralize the then Outstanding Amount of all L/C ObligationsObligations of all Letters of Credit issued for its account.
Appears in 2 contracts
Samples: Credit Agreement (Donaldson Co Inc), Credit Agreement (Donaldson Co Inc)
Cash Collateral. (i) Upon the request of the Administrative Agent, (Ai) if the L/C Issuer has honored any full or partial drawing request under any Letter of Credit and such drawing has resulted in an L/C Borrowing, or (Bii) if, as of the Letter of Credit Expiration Date, any L/C Obligation Letter of Credit for any reason remains outstanding, the Company shall, in each case, immediately Cash Collateralize the then Outstanding Amount of all L/C Obligations.outstanding and
Appears in 2 contracts
Samples: Security Agreement (Gaylord Entertainment Co /De), Credit Agreement (Gaylord Entertainment Co /De)
Cash Collateral. (i) Upon the request of the Administrative Agent, (A) if the applicable L/C Issuer has honored any full or partial drawing request under any Letter of Credit and such drawing has resulted in an L/C BorrowingUnreimbursed Amount, or (B) if, as of the Letter of Credit Expiration Date, any L/C Obligation for any reason remains outstanding, the Company Borrower shall, in each case, immediately within two Business Days of the occurrence of any event in (A) or (B) above, Cash Collateralize the then Outstanding Amount of all L/C Obligations.
Appears in 2 contracts
Samples: Credit Agreement (L 3 Communications Holdings Inc), Credit Agreement (L 3 Communications Holdings Inc)
Cash Collateral. (i) Upon the request of the Administrative Agent, (A) if the applicable L/C Issuer has honored any full or partial drawing request under any Letter of Credit and such drawing has resulted in an L/C Borrowing, or (B) if, as of the Letter of Credit Expiration Date, any L/C Obligation for any reason remains outstanding, the Company shall, in each case, immediately Cash Collateralize the then Outstanding Amount of all L/C Obligations.
Appears in 2 contracts
Samples: Credit Agreement (MULTI COLOR Corp), Credit Agreement (Multi Color Corp)
Cash Collateral. (ia) Upon the request of the Administrative Agent, (A) if the L/C Issuer an Issuing Bank has honored any full or partial drawing request under any Letter of Credit and such drawing has resulted in an L/C Borrowing, or (B) if, as of the Letter of Credit Expiration Date, any L/C Obligation for any reason remains outstanding, the Company shall, in each case, immediately Cash Collateralize the then Outstanding Amount of all L/C Obligations.
Appears in 2 contracts
Samples: Credit Agreement (PENTAIR PLC), Credit Agreement (Pentair Inc)
Cash Collateral. (i) Upon the request of the Administrative Agent, (Ai) if the L/C Issuer has honored any full or partial drawing request under any Letter of Credit and such drawing has resulted in an L/C Borrowing, or (Bii) if, as of the Letter of Credit Expiration Date, any L/C Obligation Letter of Credit may for any reason remains outstandingremain outstanding and partially or wholly undrawn, the Company shall, in each case, Borrowers shall immediately Cash Collateralize the Obligations in an amount equal to the then Outstanding Effective Amount of all the L/C Obligations.
Appears in 2 contracts
Samples: Credit Agreement (Argosy Gaming Co), Credit Agreement (Argosy Gaming Co)
Cash Collateral. (i) Upon Within 3 Business Days following the request of the Administrative Agent, (A) if the L/C Issuer has honored any full or partial drawing request under any Letter of Credit and such drawing has resulted in an L/C Borrowing, or (B) if, as of the Letter of Credit Expiration Date, any L/C Obligation for any reason remains outstanding, the Company applicable Borrower shall, in each case, immediately Cash Collateralize the then Outstanding Amount of all L/C Obligations.
Appears in 2 contracts
Samples: Credit Agreement (Asyst Technologies Inc), Security Agreement (Asyst Technologies Inc)
Cash Collateral. (i) Upon i)Upon the request of the Administrative Agent, (A) if the L/C Issuer has honored any full or partial drawing request under any Letter of Credit and such drawing has resulted in an L/C Borrowing, or (B) if, as of the Letter of Credit Expiration Date, any L/C Obligation for any reason remains outstanding, the Company shall, in each case, immediately Cash Collateralize the then Outstanding Amount of all L/C ObligationsObligations in an amount equal to 103% of the Outstanding Amount thereof.
Appears in 2 contracts
Samples: Credit Agreement (Allient Inc), Credit Agreement (Allied Motion Technologies Inc)
Cash Collateral. (i) Upon the request of the Administrative Agent, (A) if the L/C Issuer has honored any full or partial drawing request under any Letter of Credit and such drawing has resulted in an L/C BorrowingBorrowing which is an Unreimbursed Amount, or (B) if, as of the Letter of Credit Expiration Date, any L/C Obligation for any reason remains outstanding, the Company shall, in each case, immediately Cash Collateralize the then Outstanding Amount of all L/C ObligationsObligations in an amount equal to 105% thereof.
Appears in 2 contracts
Samples: Credit Agreement (American Vanguard Corp), Credit Agreement (American Vanguard Corp)
Cash Collateral. (i) Upon the request of the Administrative Agent, (A) if the L/C Issuer has honored any full or partial drawing request under any Letter of Credit and such drawing has resulted in an L/C Borrowing, or (B) if, as of the Letter of Credit Expiration Maturity Date, any L/C Obligation for any reason remains outstanding, the Company Borrower shall, in each case, immediately Cash Collateralize the then Outstanding Amount of all L/C Obligations.;
Appears in 2 contracts
Samples: Credit Agreement (TUTOR PERINI Corp), TUTOR PERINI Corp
Cash Collateral. (i) Upon the request of the Administrative Agent, (Ai) if the an L/C Issuer has honored any full or partial drawing request under any Letter of Credit and such drawing has resulted in an L/C Borrowing, or (Bii) if, as of the Letter of Credit Expiration Date, any L/C Obligation for any reason remains outstanding, the Company shall, in each case, immediately Cash Collateralize the then Outstanding Amount of all L/C Obligations.Outstanding
Appears in 2 contracts
Samples: Credit Agreement (MSGE Spinco, Inc.), Credit Agreement (Madison Square Garden Entertainment Corp.)
Cash Collateral. (i) Upon the request of the Administrative Agent, (Ai) if the L/C Issuer has honored any full or partial drawing request under any Letter of Credit and such drawing has resulted in an L/C Borrowing, or (Bii) if, as of the Letter of Credit Expiration Date, any L/C Obligation Letter of Credit may for any reason remains outstandingremain outstanding and partially or wholly undrawn, the Company shall, in each case, Avnet shall immediately Cash Collateralize the then Outstanding Amount of all L/C ObligationsObligations (in an amount equal to such Outstanding Amount).
Appears in 1 contract
Samples: Credit Agreement (Avnet Inc)
Cash Collateral. (i) Upon the request of the Administrative Agent, (Ai) if the L/C Issuer has honored any full or partial drawing request under any Letter of Credit and such drawing has resulted in an L/C Borrowing, or (Bii) if, as of the Letter of Credit L/C Expiration Date, any L/C Obligation for any reason remains outstanding, the Company Borrower shall, in each case, immediately Cash Collateralize the then Outstanding Amount of all L/C Obligations.
Appears in 1 contract
Cash Collateral. (i) Upon the request of the Administrative Agent, (Ai) if the L/C Issuer has honored any full or partial drawing request under any Letter of Credit and such drawing has resulted in an L/C Borrowing, or (B) if, as of the Letter of Credit Expiration Date, any L/C Obligation for any reason remains outstanding, the Company shall, in each case, Borrower shall immediately Cash Collateralize the then Outstanding Amount aggregate amount of all such L/C Obligations.C
Appears in 1 contract
Cash Collateral. (i) Upon the request of the Administrative Agent, (A) if the L/C Issuer has honored any full or partial drawing request under any Letter of Credit and such drawing has resulted in an L/C Borrowing, or (B) if, as of the Letter of Credit Expiration Date, any L/C Obligation for any reason remains outstanding, the Company shall, in each case, immediately within two Business Days of the occurrence of any event in (A) or (B) above, Cash Collateralize the then Outstanding Amount of all L/C Obligations.
Appears in 1 contract
Cash Collateral. (i) Upon the request of the Administrative L/C Issuer or Agent, (A) if the L/C Issuer has honored any full or partial drawing request under any Letter of Credit and such drawing has resulted in an L/C Borrowing, or (B) if, as of the Letter of Credit L/C Expiration Date, any L/C Obligation for any reason remains outstanding, the Company Borrower shall, in each case, immediately Cash Collateralize the then Outstanding Amount of all L/C Obligations.
Appears in 1 contract
Cash Collateral. (i) Upon the request of the Administrative Agent, (A) if the L/C Issuer has honored any full or partial drawing request under any Letter of Credit and such drawing has resulted in an L/C Borrowing, or (B) if, as of the Letter of Credit Expiration Date, any L/C Obligation for any reason remains outstanding, the Company L/C Parties shall, in each case, immediately Cash Collateralize the then Outstanding Amount of all L/C Obligations.
Appears in 1 contract
Samples: Credit Agreement (Toro Co)
Cash Collateral. (i) Upon the request of the Administrative Agent, (A) if the L/C Issuer has honored any full or partial drawing request under any Letter of Credit and such drawing has resulted in an L/C Borrowing, or (B) if, as of the Letter of Credit Expiration Date, any L/C Obligation for any reason remains outstanding, the Company Loan Parties shall, in each case, immediately Cash Collateralize the then Outstanding Amount of all L/C Obligations.
Appears in 1 contract
Samples: Credit Agreement (Torchmark Corp)
Cash Collateral. (i) Upon the request of the Administrative Agent, (Ai) if the L/C Issuer has honored any full or partial drawing request under any Letter of Credit and such drawing has resulted in an L/C BorrowingBorrowing that remains outstanding, or (Bii) if, as of the Letter of Credit Expiration Date, any L/C Obligation for any reason remains outstanding, the Company Borrowers shall, in each case, immediately Cash Collateralize the then Outstanding Amount of all L/C Obligations.(52)
Appears in 1 contract
Cash Collateral. (i) Upon the request of the Administrative Agent, (Ai) if the L/C Issuer has honored any full or partial drawing request under any Letter of Credit and such drawing has resulted in an a L/C Borrowing, or (Bii) if, as of the Letter of Credit L/C Expiration Date, any L/C Obligation Letter of Credit may for any reason remains outstanding, remain outstanding and partially or wholly undrawn the Company shall, in each case, Borrower shall immediately Cash Collateralize the then Outstanding Amount of all L/C Obligations.Outstanding
Appears in 1 contract
Samples: Credit Agreement (Live Nation, Inc.)
Cash Collateral. (i) Upon the request of the Administrative Agent, (A) if the L/C Issuer has honored any full or partial drawing request under any Letter of Credit and such drawing has resulted in an L/C Borrowing, the Borrower shall immediately Cash Collateralize the then Outstanding Amount of all L/C Obligations with respect to such Letter of Credit, or (B) if, as of the Letter of Credit Expiration Date, any L/C Obligation for any reason remains outstanding, the Company Borrower shall, in each case, immediately Cash Collateralize the then Outstanding Amount of all L/C Obligations.
Appears in 1 contract
Samples: Credit Agreement (Egl Inc)
Cash Collateral. (i) Upon the request of the applicable Administrative Agent, (A) if the applicable L/C Issuer has honored any full or partial drawing request under any Letter of Credit and such drawing has resulted in an a L/C Borrowing, or (B) if, as of the Letter of Credit Expiration Date, any L/C Obligation for any reason remains outstanding, the Company applicable Borrower shall, in each case, immediately Cash Collateralize the then Outstanding Amount of all its L/C Obligations.
Appears in 1 contract
Cash Collateral. (i) Upon the request of the Administrative Agent, (Ai) if the L/C Issuer has honored any full or partial drawing request under any Letter of Credit and such drawing has resulted in an L/C Borrowing, or (Bii) if, as of the Letter of Credit Expiration Date, any L/C Obligation Letter of Credit may for any reason remains outstandingremain outstanding and partially or wholly undrawn, the Company shall, in each case, Borrowers shall immediately Cash Collateralize the then Outstanding Amount of all L/C Obligations.C
Appears in 1 contract
Cash Collateral. (i) Upon the request of the Administrative Agent, (A) if the L/C Issuer an Issuing Bank has honored any full or partial drawing request under any Letter of Credit and such drawing has resulted in an L/C Borrowing, or (B) if, as of the Letter of Credit Expiration Date, any L/C Obligation for any reason remains outstanding, the Company shall, in each case, immediately Cash Collateralize the then Outstanding Amount of all L/C Obligations.
Appears in 1 contract
Samples: Credit Agreement (Pentair Inc)
Cash Collateral. (i) Upon the request of the Administrative Agent, (Ai) if the L/C Issuer has honored any full or partial drawing request under any Letter of Credit and such drawing has resulted in an L/C BorrowingBorrowing that remains outstanding, or (Bii) if, as of the Letter of Credit Expiration Date, any L/C Obligation for any reason remains outstanding, the Company Borrowers shall, in each case, immediately Cash Collateralize the then Outstanding Amount of all L/C Obligations.C
Appears in 1 contract
Cash Collateral. (i) Upon the request of the Administrative AgentAgent or of the Required Revolving Loan Lenders, (A) if the applicable L/C Issuer has honored any full or partial drawing request under any Letter of Credit issued by such L/C Issuer and such drawing has resulted in an L/C Borrowing, or (B) if, as of the applicable Letter of Credit Expiration Date, any L/C Obligation for any reason remains outstanding, the Company Borrower shall, in each case, immediately Cash Collateralize the then Outstanding Amount of all L/C ObligationsObligations in respect of such Letter of Credit.
Appears in 1 contract
Cash Collateral. (i) Upon the request of the Administrative AgentAgent after and during the continuance of an Event of Default, (Ai) if the L/C Issuer has honored any full or partial drawing request under any Letter of Credit and such drawing has resulted in an L/C Borrowing, or (Bii) if, as of the Letter of Credit Expiration Date, any L/C Obligation Letter of Credit may for any reason remains outstandingremain outstanding and partially or wholly undrawn, the Company shall, in each case, shall immediately Cash Collateralize the then Outstanding Amount of all L/C ObligationsObligations (in an amount equal to such Outstanding Amount).
Appears in 1 contract
Cash Collateral. (i) Upon the request of the Administrative Agent, (A) if the L/C Issuer has honored any full or partial drawing request under any Letter of Credit and such drawing has resulted in an L/C BorrowingBorrowing which remains unpaid, or (B) if, as of the Letter of Credit Expiration Date, any L/C Obligation for any reason remains outstanding, the Company shall, in each case, immediately promptly Cash Collateralize the then Outstanding Amount of all L/C Obligations.
Appears in 1 contract
Samples: Credit Agreement (Greif Inc)
Cash Collateral. (i) Upon the request of the Administrative AgentL/C Issuer, (A) if the L/C Issuer has honored any full or partial drawing request under any the Letter of Credit and such drawing has resulted in an L/C BorrowingUnreimbursed Amounts, or (B) if, as of the Letter of Credit Expiration Date, any L/C Obligation for any reason remains outstanding, the Company shall, in each case, immediately Cash Collateralize the then Outstanding Amount of all L/C ObligationsObligations in an amount equal to 105% of the Outstanding Amount thereof.
Appears in 1 contract
Samples: Letter of Credit Reimbursement Agreement (Flir Systems Inc)
Cash Collateral. (i) Upon the request of the Administrative Agent, (A) if the any L/C Issuer has honored any full or partial drawing request under any Letter of Credit and such drawing has resulted in an L/C Borrowing, or (B) if, as of the Letter of Credit Expiration Date, any L/C Obligation for any reason remains outstanding, the Company Borrower shall, in each case, immediately Cash Collateralize the then Outstanding Amount of all L/C Obligations.
Appears in 1 contract
Cash Collateral. (i) Upon the request of the Administrative Agent, (Ai) if the L/C Issuer has honored any full or partial drawing request under any Letter of Credit and such drawing has resulted in an L/C Borrowing, or (Bii) if, as of the Letter of Credit Expiration Date, any L/C Obligation for any reason remains outstanding, the Company Borrower shall, in each case, immediately Cash Collateralize the then Outstanding Amount of all L/C Obligations.. Sections 2.05 and 9.02(c) set forth certain additional
Appears in 1 contract
Samples: Credit Agreement (Medassets Inc)
Cash Collateral. (i) Upon the request of the Administrative Agent, (A) if the L/C Issuer any Issuing Bank has honored any full or partial drawing request under any Letter of Credit and such drawing has resulted in an L/C Borrowing, or (B) if, as of the Letter of Credit Expiration Date, any L/C Obligation Exposure for any reason remains outstanding, the Company each Borrower shall, in each case, immediately Cash Collateralize the then Outstanding Amount of all L/C ObligationsLC Exposure attributable to the Letters of Credit issued for the benefit of such Borrower.
Appears in 1 contract
Cash Collateral. (i) Upon the request of the Administrative Agent, (Ai) if the L/C Issuer has honored any full or partial drawing request under any Letter of Credit and such drawing has resulted in an L/C Borrowing, or (Bii) if, as of the Letter of Credit Expiration Date, any L/C Obligation Letter of Credit may for any reason remains outstandingremain outstanding and partially or wholly undrawn, the Company shall, in each case, Borrower shall immediately Cash Collateralize the then Outstanding Amount of all L/C Obligations.Obligations (in an
Appears in 1 contract
Samples: Credit Agreement (Oneok Inc /New/)
Cash Collateral. (i1) Upon the request of the Administrative Agent, (A) if the L/C Issuer has honored any full or partial drawing request under any Letter of Credit and such drawing has resulted in an L/C Borrowing, or (B) if, as of the Letter of Credit Expiration Date, any L/C Obligation for any reason remains outstanding, the Company shall, in each case, immediately Cash Collateralize the then Outstanding Amount of all L/C ObligationsObligations in an amount equal to 103% of the Outstanding Amount thereof.
Appears in 1 contract
Cash Collateral. (i) Upon the request of the Administrative Agent, (A) if the L/C Issuer has Issuers have honored any full or partial drawing request under any Letter of Credit and such drawing has resulted in an L/C BorrowingBorrowing that is continuing, or (B) if, as of the Letter of Credit Expiration Date, any L/C Obligation for any reason remains outstanding, the Company shall, in each case, immediately Cash Collateralize the then Outstanding Amount of all L/C Obligations.
Appears in 1 contract
Samples: Credit Agreement (Clear Channel Communications Inc)
Cash Collateral. (i) Upon the written request of the Administrative AgentAgent or the Required Lenders, (A) if the L/C Issuer has honored any full or partial drawing request under any Letter of Credit and such drawing has resulted in an L/C Borrowing, or (B) if, as of the Letter of Credit Expiration Date, any L/C Obligation for any reason remains outstanding, the Company shall, in each case, immediately Cash Collateralize the then Outstanding Amount of all L/C Obligations.
Appears in 1 contract
Cash Collateral. (i) Upon the request of the Administrative Agent, (A) if the any L/C Issuer has honored any full or partial drawing request under any Letter of Credit and such drawing has resulted in an L/C Borrowing, or (B) if, as of the Letter of Credit Expiration Date, any L/C Obligation for any reason remains outstanding, or (C) if there shall exist a Defaulting Lender, the Company Borrower shall, in each case, immediately Cash Collateralize the then Outstanding Amount of all L/C Obligations.
Appears in 1 contract
Samples: Assignment and Assumption (Parker Drilling Co /De/)
Cash Collateral. (i) Upon the request of the Administrative Agent, (Ai) if the L/C Issuer has honored any full or partial drawing request under any Letter of Credit and such drawing has resulted in an L/C Borrowing, or (Bii) if, as of the Letter of Credit Expiration Date, any L/C Obligation for any reason remains outstanding, the Company Borrower shall, in each case, immediately Cash Collateralize the then Outstanding Amount of all L/C Obligations.
Appears in 1 contract
Samples: Credit Agreement (Knoll Inc)
Cash Collateral. (i) Upon the request of the Administrative Agent, (A) if the L/C Issuer has honored any full or partial drawing request under any Letter of Credit and such drawing has resulted in an a L/C Borrowing, or (B) if, as of the Letter of Credit Expiration Date, any L/C Obligation for any reason remains outstanding, the Company Borrower shall, in each case, immediately Cash Collateralize the then Outstanding Amount of all L/C Obligations.
Appears in 1 contract
Cash Collateral. (i) Upon the request of the Administrative Agent, (Ai) if the L/C Issuer has honored any full or partial drawing request under any Letter of Credit and such drawing has resulted in an L/C Borrowing, or (Bii) if, as of the Letter of Credit Expiration Date, any L/C Obligation Letter of Credit may for any reason remains outstandingremain outstanding and partially or wholly undrawn, the Company shall, in each case, Borrowers shall immediately Cash Collateralize the then Outstanding Amount of all L/C ObligationsObligations (in an amount equal to such Outstanding Amount).
Appears in 1 contract
Cash Collateral. (i) Upon the request of the Administrative Agent, (A) if the L/C Issuer has honored any full or partial drawing request under any Letter of Credit and such drawing has resulted in an L/C Borrowing, or (B) if, as of the Letter of Credit Expiration Date, any L/C Obligation for any reason remains outstanding, the Company Xxxxxxxxx shall, in each case, immediately Cash Collateralize the then Outstanding Amount of all L/C Obligations.
Appears in 1 contract
Cash Collateral. (i) Upon the request of the Administrative Agent, (Ai) if the L/C Issuer has honored any full or partial drawing request under any Letter of Credit and such drawing has resulted in an L/C Borrowing, or (Bii) if, as of the Letter of Credit Expiration Date, any L/C Obligation for any reason remains outstanding, the Company shall, in each case, immediately Cash Collateralize the then Outstanding Amount of all L/C Obligations.,
Appears in 1 contract
Cash Collateral. (i) Upon the written request of the Administrative Agent, (A) if the L/C Issuer has honored any full or partial drawing request under any Letter of Credit and such drawing has resulted in an L/C BorrowingUnreimbursed Amount, or (B) if, as of the Letter of Credit Expiration Date, any L/C Obligation for any reason remains outstanding, the Company Borrower shall, in each case, immediately within two Business Days of the occurrence of any event in (A) or (B) above, Cash Collateralize the then Outstanding Amount of all L/C Obligations.
Appears in 1 contract
Cash Collateral. (i) Upon the request of the Administrative Agent, (Ai) if the L/C Issuer has honored any full or partial drawing request under any Letter of Credit and such drawing has resulted in an L/C BorrowingObligation that remains outstanding, or (Bii) if, as of the Letter of Credit Expiration Date, any L/C Obligation for any reason remains outstanding, the Company Borrowers shall, in each case, immediately Cash Collateralize the then Outstanding Amount of all L/C Obligations.,
Appears in 1 contract
Cash Collateral. (i) Upon the request of the Administrative Agent, (Ai) if the L/C Issuer has honored any full or partial drawing request under any Letter of Credit and such drawing has resulted in an L/C Borrowing, or (Bii) if, as of the Letter of Credit Expiration Date, any L/C Obligation for any reason remains outstanding, the Company Borrowers shall, in each case, immediately Cash Collateralize the then Outstanding Amount of all L/C Obligations.. Sections
Appears in 1 contract
Cash Collateral. (i) Upon the request of the Administrative Agent, (Ai) if the L/C Issuer has honored any full or partial drawing request under any Letter of Credit and such drawing has resulted in an L/C Borrowing, or (Bii) if, as of the Letter of Credit Expiration Maturity Date, any L/C Obligation for any reason remains outstanding, the Company Borrower shall, in each case, immediately Cash Collateralize the then Outstanding Amount of all L/C Obligations.C
Appears in 1 contract
Cash Collateral. (i) Upon the request of the Administrative AgentAdministrator, (A) if the L/C Issuer has honored any full or partial drawing request under any Letter of Credit and such drawing has resulted in an L/C Borrowing, or (B) if, as of the Letter of Credit Expiration Date, any L/C Obligation for any reason remains outstanding, the Company shall, in each case, immediately Cash Collateralize the then Outstanding Amount of all L/C ObligationsObligations for so long as such L/C Obligations remain outstanding.
Appears in 1 contract
Cash Collateral. (i) Upon the request of the Administrative Agent, (Ai) if the L/C Issuer has honored any full or partial drawing request under any Letter of Credit and such drawing has resulted in an L/C Borrowing, or (Bii) if, as of the Letter of Credit Expiration Date, any L/C Obligation for any reason remains outstanding, the Company shall, in each case, immediately Cash Collateralize the then Outstanding Amount of all L/C Obligations.. Sections 2.06 and 8.02(c) set
Appears in 1 contract
Samples: Credit Agreement
Cash Collateral. (i) Upon the request of the Administrative Agent, (A) if the an L/C Issuer has honored any full or partial drawing request under any Letter of Credit and such drawing has resulted in an L/C Borrowing, or (B) if, as of the Letter of Credit Expiration Date, any L/C Obligation for any reason remains outstanding, the Company Borrower shall, in each case, immediately Cash Collateralize the then Outstanding Amount of all L/C Obligations.
Appears in 1 contract
Cash Collateral. (i) Upon the request of the Administrative Agent, (Ai) if the L/C Issuer has honored any full or partial drawing request under any Letter of Credit and such drawing has resulted in an L/C Borrowing, or (Bii) if, as of the Letter of Credit Expiration Date, any L/C Obligation Letter of Credit may for any reason remains outstandingremain outstanding and partially or wholly undrawn, the Company shall, in each case, shall immediately Cash Collateralize the then Outstanding Amount of all L/C Obligations.C
Appears in 1 contract
Cash Collateral. (i) Upon the request of the Administrative AgentAgent or the Required Lenders, (Ai) if the L/C Issuer has honored any full or partial drawing request under any Letter of Credit and such drawing has resulted in an L/C Borrowing, or (Bii) if, as of the Letter of Credit Expiration Date, any L/C Obligation for any reason remains outstanding, the Company Borrowers shall, in each case, immediately Cash Collateralize the then Outstanding Amount of all L/C Obligations.Cash
Appears in 1 contract
Samples: Credit Agreement (Nash Finch Co)
Cash Collateral. (i) Upon the request of the Administrative Agent, (Ai) if --------------- the L/C Issuer has honored any full or partial drawing request under any Letter of Credit and such drawing has resulted in an L/C Borrowing, or (Bii) if, as of the Letter of Credit Expiration Date, any L/C Obligation Letter of Credit may for any reason remains outstandingremain outstanding and partially or wholly undrawn, the Company shall, in each case, Borrower shall immediately Cash Collateralize the then Outstanding Amount of all L/C ObligationsObligations (in an amount equal to such Outstanding Amount).
Appears in 1 contract
Cash Collateral. (i) Upon the request of the Administrative Agent, (Ai) if the L/C Issuer has honored any full or partial drawing request under any Letter of Credit and such drawing has resulted in an L/C Borrowing, or (Bii) if, as of the Letter of Credit Expiration Date, any L/C Obligation Letter of Credit may for any reason remains outstandingremain outstanding and partially or wholly undrawn, the Company shall, in each case, Borrower shall immediately Cash Collateralize the then Outstanding Amount of all L/C Obligations.Obligations (in an amount equal to such Outstanding Amount determined as of the date of such L/C Borrowing or the Letter
Appears in 1 contract
Samples: Credit Agreement (Amo Holdings LLC)
Cash Collateral. (i) Upon the request of the Administrative Agent, (A) if the L/C Issuer has honored any full or partial drawing request under any Letter of Credit and such drawing has resulted in an L/C Borrowing, or (B) if, as of the first anniversary of the Letter of Credit Expiration Date, any L/C Obligation for any reason remains outstanding, the Company shall, in each case, immediately Cash Collateralize the then Outstanding Amount of all L/C Obligations.
Appears in 1 contract
Samples: Security Agreement (Global Power Equipment Group Inc/)
Cash Collateral. (i) Upon the request of the Administrative Agent, (Ai) --------------- if the L/C Issuer has honored any full or partial drawing request under any Letter of Credit and such drawing has resulted in an L/C Borrowing, or (Bii) if, as of the Letter of Credit Expiration Date, any L/C Obligation Letter of Credit may for any reason remains outstandingremain outstanding and partially or wholly undrawn, the Company shall, in each case, Borrower shall immediately Cash Collateralize the then Outstanding Amount of all L/C ObligationsObligations (in an amount equal to such Outstanding Amount).
Appears in 1 contract
Cash Collateral. (i) Upon the request of the Administrative Agent, (Ai) if the L/C Issuer has honored any full or partial drawing request under any Letter of Credit and such drawing has resulted in an L/C Borrowing, or (Bii) if, as of the Letter of Credit Expiration Date, any L/C Obligation Letter of Credit may for any reason remains outstandingremain outstanding and partially or wholly undrawn, the Company shall, in each case, Borrower shall immediately Cash Collateralize the Obligations in an amount equal to one hundred five percent (105%) of the then Outstanding Effective Amount of all the L/C Obligations.
Appears in 1 contract
Cash Collateral. (i) Upon the request of the Administrative Agent, (A) if the L/C Issuer has honored any full or partial drawing request under any Letter of Credit and such drawing has resulted in an L/C Borrowing, or (B) if, as of the Letter of Credit Expiration Date, any L/C Table of Contents Obligation for any reason remains outstanding, the Company shall, in each case, immediately Cash Collateralize the then Outstanding Amount of all L/C Obligations.
Appears in 1 contract
Samples: Credit Agreement (TRM Corp)
Cash Collateral. (i) Upon the request of the Administrative Agent, (A) if the applicable L/C Issuer has honored any full or partial drawing request under any Letter of Credit or made any payment under any Bankers’ Acceptance and such drawing has resulted in an L/C BorrowingBorrowing that the Company has not repaid within three Business Days of such drawing or payment, or (B) if, as of the Letter of Credit Expiration Date, any L/C Obligation for any reason remains outstanding, the Company shall, in each case, immediately Cash Collateralize the then Outstanding Amount of all L/C Obligations.
Appears in 1 contract
Cash Collateral. (i) Upon the request of the Administrative Agent, (Ai) if the L/C Issuer has honored any full or partial drawing request under any Letter of Credit and such drawing has resulted in an L/C Borrowing, or (Bii) if, as of the Letter of Credit Expiration Date, any L/C Obligation for any reason remains outstanding, the Company Borrower shall, in each case, immediately Cash Collateralize the then Outstanding Amount of all L/C Obligations.. Sections 2.06 and 8.02(c) set forth certain additional
Appears in 1 contract
Samples: Lease Agreement (Herbst Gaming Inc)
Cash Collateral. (i) Upon the request of the Administrative Agent, (A) if the L/C Issuer has honored any full or partial drawing request under any Letter of Credit and such drawing has resulted in an L/C Borrowing, or (B) if, as of the Letter of Credit Expiration Date, any L/C Obligation for any reason remains outstanding, the Company Borrower shall, in each case, immediately Cash Collateralize the then Outstanding Amount of all such L/C Obligations.
Appears in 1 contract
Cash Collateral. (i) Upon the request of the Administrative Agent, (Ai) if the L/C Issuer has honored any full or partial drawing request under any Letter of Credit and such drawing has resulted in an L/C Borrowing, or (Bii) if, as of the Letter of Credit Expiration Date, any L/C Obligation for any reason remains outstanding, the Company Borrowers shall, in each case, immediately Cash Collateralize the then Outstanding Amount of all L/C Obligations.all
Appears in 1 contract
Samples: Credit Agreement (Cost Plus Inc/Ca/)
Cash Collateral. (i) Upon the request of the Administrative Agent, (Ai) if the L/C Issuer has honored any full or partial drawing request under any Letter of Credit and such drawing has resulted in an L/C Borrowing, or (Bii) if, as of the Letter of Credit Expiration Cash Collateral Date, any L/C Obligation Letter of Credit for any reason remains outstanding, the Company shall, in each case, immediately Cash Collateralize the then Outstanding Amount of all L/C Obligations.outstanding and partially or wholly undrawn,
Appears in 1 contract
Cash Collateral. (i) Upon the request of the Administrative Agent, (A) if the L/C Issuer has honored any full or partial drawing request under any Letter of Credit and such drawing has resulted in an L/C Borrowing, or (B) if, as of the Letter of Credit Expiration Date, any L/C Obligation for any reason remains outstanding, McAfee and the Company Irish Borrower shall, in each case, immediately Cash Collateralize the then Outstanding Amount of all L/C Obligations.
Appears in 1 contract
Samples: Credit Agreement (McAfee, Inc.)
Cash Collateral. (i) Upon the request of the Administrative Agent, (A) if the any L/C Issuer has honored any full or partial drawing request under any Letter of Credit and such drawing has resulted in an L/C Borrowing, Borrowing or (B) if, as of the Letter of Credit Expiration Date, any L/C Obligation for any reason remains outstanding, the Company Borrower shall, in each case, immediately Cash Collateralize the then Outstanding Amount of all L/C Obligations.
Appears in 1 contract
Cash Collateral. (i) Upon the request of the Administrative Agent, (Ai) if the an L/C Issuer has honored any full or partial drawing request under any Letter of Credit issued by such L/C Issuer and such drawing has resulted in an L/C Borrowing, or (Bii) if, as of the Letter of Credit Expiration Date, any L/C Obligation for any reason remains outstanding, the Company Borrower shall, in each case, immediately Cash Collateralize the then Outstanding Amount of all L/C Obligations.in
Appears in 1 contract
Cash Collateral. (i) Upon the request of the Administrative Agent, (A) if the L/C Issuer has honored any full or partial drawing request under any Letter of Credit and such drawing has resulted in an L/C Borrowing, or (B) if, as of the Letter of Credit Expiration Date, any L/C Obligation for any reason remains outstanding, the Company shallwill, in each case, immediately Cash Collateralize the then Outstanding Amount of all L/C Obligations.
Appears in 1 contract
Samples: Credit Agreement (Starbucks Corp)
Cash Collateral. (i) Upon the request of the Administrative Agent, (Ai) if the L/C Issuer has honored any full or partial drawing request under any Letter of Credit and such drawing has resulted in an L/C Borrowing, or (Bii) if, as of the Letter of Credit Expiration Date, any L/C Obligation Letter of Credit may for any reason remains outstandingremain outstanding and partially or wholly undrawn, the Company shall, in each case, Borrower shall immediately Cash Collateralize the then Outstanding Amount of all L/C Obligations.C
Appears in 1 contract
Cash Collateral. (i) Upon the request of the Administrative AgentAgent after and during the continuance of an Event of Default, (Ai) if the L/C Issuer has honored any full or partial drawing request under any Letter of Credit and such drawing has resulted in an L/C Borrowing, or (Bii) if, as of the Letter of Credit Expiration Date, any L/C Obligation Letter of Credit may for any reason remains outstandingremain outstanding and partially or wholly undrawn, the Company shall, in each case, Borrower shall immediately Cash Collateralize the then Outstanding Amount of all L/C ObligationsObligations (in an amount equal to such Outstanding Amount).
Appears in 1 contract
Samples: Credit Agreement (NCH Corp)
Cash Collateral. (i) Upon the request of the Administrative Agent, (Ai) if the L/C Issuer has honored any full or partial drawing request under any Letter of Credit and such drawing has resulted in an L/C Borrowing, or (Bii) if, as of the Letter of Credit Expiration Date, any L/C Obligation for any reason remains outstanding, the Company Borrower shall, in each case, immediately Cash Collateralize the then Outstanding Amount of all L/C Obligations.
Appears in 1 contract
Samples: Credit Agreement (Team Inc)
Cash Collateral. (i) Upon the request of the Administrative Agent, (Ai) if the L/C Issuer has honored any full or partial drawing request under any Letter of Credit and such drawing has resulted in an L/C Borrowing, or (Bii) if, as of the Letter of Credit Expiration Date, any L/C Obligation for any reason remains outstanding, the Company shall, in each case, immediately Cash Collateralize the then Outstanding Amount of all L/C Obligations.Borrower
Appears in 1 contract
Cash Collateral. (i) Upon the request of the Administrative AgentAdministrator, (A) if the L/C Issuer has honored any full or partial drawing request under any Letter of Credit and such drawing has resulted in an L/C Borrowing, or (B) if, as of the Letter of Credit Expiration Date, any L/C Obligation for any reason remains outstanding, the Company shall, in each case, immediately Cash Collateralize the then Outstanding Amount of all L/C ObligationsObligations for so long as such L/C Obligations remain outstanding.
Appears in 1 contract
Cash Collateral. (i) Upon the request of the Administrative AgentAgent or the Required Revolving Lenders, (Ai) if the L/C Issuer has honored any full or partial drawing request under any Letter of Credit and such drawing has resulted in an L/C Borrowing, or (Bii) if, as of the L/C Cash Collateralization Date, any Letter of Credit Expiration Date, any L/C Obligation may for any reason remains outstandingremain outstanding and partially or wholly undrawn, the Company shall, Borrower shall be deemed to have requested a Borrowing of Base Rate Loans in each case, immediately Cash Collateralize the amount of the then Outstanding Amount of all L/C Obligations.Obligations (determined as of the
Appears in 1 contract
Samples: Credit Agreement (Griffin-American Healthcare REIT III, Inc.)