Common use of Corresponding Payment Clause in Contracts

Corresponding Payment. Each permanent reduction permitted pursuant to this Section shall be accompanied by a payment of principal sufficient to reduce the aggregate Revolving Credit Outstandings after such reduction to the Revolving Credit Commitment as so reduced, and if the Revolving Credit Commitment as so reduced is less than the aggregate amount of all outstanding Letters of Credit, the Borrower shall be required to deposit cash in a cash collateral account opened by the Administrative Agent in an amount equal to such excess. Such cash collateral shall be applied in accordance with Section 9.2(b). Any reduction of the Revolving Credit Commitment to zero shall be accompanied by payment of all outstanding Revolving Credit Loans and Swingline Loans (and furnishing of cash collateral satisfactory to the Administrative Agent for all L/C Obligations) and shall result in the termination of the Revolving Credit Commitment and the Swingline Commitment and the Facility. If the reduction of the Revolving Credit Commitment requires the repayment of any LIBOR Rate Loan, such repayment shall be accompanied by any amount required to be paid pursuant to Section 4.9 hereof.

Corresponding Payment. Each permanent reduction permitted required pursuant to this Section clause (g) above shall be accompanied by a payment of principal sufficient to reduce the aggregate outstanding Revolving Credit Outstandings Loans after such reduction to the Revolving Credit Commitment as so reduced, and if the Revolving Credit Commitment as so reduced is less than the aggregate amount of all outstanding Letters of CreditCredit exceeds the Revolving Credit Commitment as so reduced, the US Borrower shall be required to deposit cash in a cash collateral account opened by Cash Collateralize the Administrative Agent Letter of Credit Exposure in an amount equal to such excess. Such cash collateral shall be applied in accordance with Section 9.2(b). Any reduction of the Revolving Credit Commitment to zero shall be accompanied by payment of all outstanding Revolving Credit Loans and Swingline Swing Loans (and furnishing of cash collateral Cash Collateral satisfactory to the Administrative Agent for all L/C ObligationsLetter of Credit Exposure or other arrangements satisfactory to the Fronting Lender) and shall result in the termination of the Revolving Credit Commitment and the Swingline Swing Line Commitment and the Facilityrevolving credit facility established pursuant to Article II. If the reduction of the Revolving Credit Commitment requires the repayment of any LIBOR Eurodollar Fixed Rate Loan, such repayment shall be accompanied by any amount required to be paid pursuant to Section 4.9 3.3 hereof.