Common use of Collateral for Undrawn Letters of Credit Clause in Contracts

Collateral for Undrawn Letters of Credit. If Cash Collateral for drawings under any or all outstanding Letters of Credit is required under Section 2.7(b) or under Section 7.2 or under Section 7.3, the Borrowers shall forthwith Cash Collateralize the amount required as provided in Section 4.5.

Appears in 7 contracts

Samples: Credit Agreement (Delek Logistics Partners, LP), Credit Agreement (Delek Logistics Partners, LP), Credit Agreement (Delek US Holdings, Inc.)

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Collateral for Undrawn Letters of Credit. If Cash Collateral for drawings under any or all outstanding Letters of Credit is required under Section 2.7(b2.3(b) or under Section 7.2 or under Section 7.3, the Borrowers Borrower shall forthwith Cash Collateralize the amount required as provided in Section 4.5.

Appears in 5 contracts

Samples: Credit Agreement (Limbach Holdings, Inc.), Credit Agreement (Limbach Holdings, Inc.), Credit Agreement (Limbach Holdings, Inc.)

Collateral for Undrawn Letters of Credit. If Cash Collateral for drawings under any or all outstanding Letters of Credit is required under Section 2.7(b2.3(b) or under Section 7.2 8.2 or under Section 7.38.3, the Borrowers Borrower shall forthwith Cash Collateralize the amount required as provided in Section 4.54.

Appears in 1 contract

Samples: First Lien Credit Agreement (Turning Point Brands, Inc.)

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Collateral for Undrawn Letters of Credit. If Cash Collateral for drawings under any or all outstanding Letters of Credit is required under Section 2.7(b2.3(b) or under Section 7.2 8.2 or under Section 7.38.3, the Borrowers shall forthwith Cash Collateralize the amount required as provided in Section 4.54.

Appears in 1 contract

Samples: First Lien Credit Agreement (Turning Point Brands, Inc.)

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