Common use of Cover for LC Exposure Clause in Contracts

Cover for LC Exposure. Amounts deposited into the Collateral Account as cover for LC Exposure under the Credit Agreement as contemplated by Section 2.05(j) thereof shall be held by the Collateral Agent in a separate sub-account (designated "LC Exposure Sub-Account") and all amounts held in such sub-account shall constitute collateral security first for the LC Exposure outstanding from time to time and second as collateral security for the other Secured Obligations hereunder.

Appears in 1 contract

Samples: Second Lien Security Agreement (Krispy Kreme Doughnuts Inc)

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Cover for LC Exposure. Amounts deposited into the Lender Collateral Account as cover for LC Exposure under pursuant to Section 2.05(k) of the Credit Agreement as contemplated by Section 2.05(j) thereof shall be held by the Collateral Administrative Agent in a separate sub-account (designated "LC Exposure Sub-Account") and all amounts held in such sub-account shall constitute collateral security first for the LC Exposure outstanding from time to time and second as collateral security for the other Secured Obligations hereunder.

Appears in 1 contract

Samples: Lender Security Agreement (Panamsat Corp /New/)

Cover for LC Exposure. Amounts deposited into the Collateral Account as cover for LC Exposure under the Credit Agreement as contemplated by Section 2.05(j2.05(k) thereof shall be held by the Collateral Administrative Agent in a separate sub-account (designated "LC Exposure Sub-Account") and all amounts held in such sub-account shall constitute collateral security first for the LC Exposure outstanding from time to time and second as collateral security for the other Secured Obligations hereunder.

Appears in 1 contract

Samples: Credit Agreement (HMS Holdings Corp)

Cover for LC Exposure. Amounts deposited into the Collateral Account as cover for LC Exposure under the Credit Agreement as contemplated by pursuant to Section 2.05(j2.05(k) thereof shall be held by the Collateral Administrative Agent in a separate sub-account (designated "LC Exposure Sub-Account") and all amounts held in such sub-account shall constitute collateral security first for the LC Exposure outstanding from time to time and second as collateral security for the other Secured Obligations hereunder.

Appears in 1 contract

Samples: Credit Agreement (Chart Industries Inc)

Cover for LC Exposure. Amounts deposited into the Collateral Account as cover for LC Exposure under the Credit Agreement as contemplated by Section 2.05(j2.05(k) thereof shall be held by the Collateral Agent in a separate sub-account (designated "LC Exposure Sub-Account") and all amounts held in such sub-account shall constitute collateral security first for the LC Exposure outstanding from time to time and second as collateral security for the other Secured Obligations hereunder.

Appears in 1 contract

Samples: Security Agreement (Krispy Kreme Doughnuts Inc)

Cover for LC Exposure. Amounts deposited into the Collateral Account as cover for LC Exposure under the Credit Agreement as contemplated by pursuant to Section 2.05(j2.09(a), (b) or (c) or Section 2.10(k) thereof shall be held by the Collateral Administrative Agent in a separate sub-account (designated "LC Exposure Sub-Account") and all amounts held in such sub-account shall constitute collateral security first FIRST for the LC Exposure outstanding from time to time and second SECOND as collateral security for the other Secured Obligations hereunder.

Appears in 1 contract

Samples: Credit Agreement (Journal Register Co)

Cover for LC Exposure. Amounts deposited into the Collateral Account as cover for LC Exposure under the Credit Agreement as contemplated by Section 2.05(j2.05(k) thereof shall be held by the Collateral Agent in a separate sub-account (designated "LC Exposure Sub-Account") and all amounts held in such sub-account shall constitute collateral security first for the LC Exposure outstanding from time to time and second as collateral security for the other Secured Obligations hereunder.

Appears in 1 contract

Samples: Security Agreement (Krispy Kreme Doughnuts Inc)

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Cover for LC Exposure. Amounts deposited into the Collateral Account as cover for LC Exposure under pursuant to Section 2.04(k) of the Credit Agreement as contemplated by Section 2.05(j) thereof shall be held by the Collateral Administrative Agent in a separate sub-account (designated "the “LC Exposure Sub-Account") and all amounts held in such sub-account shall constitute collateral security first for the LC Exposure outstanding from time to time and second as collateral security for the other Secured Obligations hereunder.

Appears in 1 contract

Samples: Credit Agreement (Sinclair Broadcast Group Inc)

Cover for LC Exposure. Amounts deposited into the Collateral Account as cover for LC Exposure under the Credit Agreement as contemplated by Section 2.05(j2.04(k) thereof shall be held by the Collateral Administrative Agent in a separate sub-account (designated "LC Exposure Sub-Account") and all amounts held in such sub-account shall constitute collateral security first for the LC Exposure outstanding from time to time and second as collateral security for the other Secured Obligations hereunder.

Appears in 1 contract

Samples: Credit Agreement (Nextel Partners Inc)

Cover for LC Exposure. Amounts deposited into the Collateral Account as cover for LC Exposure under pursuant to Section 2.04(k) of the Revolving Credit Agreement as contemplated by Section 2.05(j) thereof shall be held by the Collateral Agent in a separate sub-account (designated "LC Exposure Sub-Account") and all amounts held in such sub-account shall constitute collateral security first for for, first, the LC Exposure outstanding from time to time time, second, the other Revolving Credit Obligations (as defined in the Collateral Agency and second as collateral security for Intercreditor Agreement) and, next, the other Secured Obligations hereunderObligations.

Appears in 1 contract

Samples: Security Agreement (Chart Industries Inc)

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