Credit Enhancements. If the Term Loan Agent or any holder of Term Loan Debt receives any additional guaranty, letter of credit, collateral or any other credit enhancement after the Closing Date from any Loan Party or any of their Subsidiaries, each Loan Party shall, and shall cause each of its Subsidiaries to, cause the same to be granted to the Administrative Agent, for the benefit of the Secured Parties, subject to the terms of the Term Loan Intercreditor Agreement. If any Person is included (or added) as a guarantor or borrower under the Term Loan Documents or any assets are included (or added) as collateral under the Term Loan Documents, each Loan Party shall, and shall cause each of its Subsidiaries to, cause such Person or assets, as applicable, to be included (or added) substantially concurrently with such inclusion (addition) under the Term Loan Documents as a Loan Party or Collateral, as applicable, under the Loan Documents in accordance with this Agreement. 7.22
Credit Enhancements. Borrower will maintain in good standing all credit enhancement documents delivered to Lender in connection with the Loan throughout the Term or such shorter period as Borrower and Lender may have agreed to in writing. Credit enhancement documents include any letters of credit, cash deposits, pledges, guarantees or indemnities delivered to Lender in connection with the Loan but excluding any letters of credit, promissory notes or cash deposits delivered to Lender as good faith or standby fees in connection with Lender’s agreement to make the Loan. If the provider of any credit enhancement document becomes insolvent, commences or is the target of a Proceeding in bankruptcy or ceases to exist or if Lender determines that the provider’s insolvency is imminent, Borrower will deliver to Lender a replacement credit enhancement document within 15 Business Days of the date insolvency is known, the Proceeding in bankruptcy is filed, the cessation occurs or Lender gives Borrower notice that Lender has determined the provider’s insolvency is imminent. The replacement credit enhancement document will be satisfactory to Lender from an alternate provider satisfactory to Lender. Upon receipt of the replacement, Lender will deliver promptly to Borrower the credit enhancement document being replaced.
Credit Enhancements. If the ABL Agent or any holder of the ABL Indebtedness receives any additional guaranty, letter of credit, collateral or any other credit enhancement after the Closing Date from any Credit Party or any of its Subsidiaries, each Credit Party shall, and shall cause each of its Subsidiaries to, cause the same to be granted to Collateral Agent, for the benefit of the Secured Parties, subject to the terms of the Intercreditor Agreement. If any Person is included (or added) as a guarantor or borrower under the ABL Credit Documents or any assets are included (or added) as collateral under the ABL Credit Documents, each Credit Party shall, and shall cause each of its Subsidiaries to, cause such Person or assets, as applicable, to be included (or added) substantially concurrently with such inclusion (or addition) under the ABL Credit Documents) as a Credit Party or Collateral, as applicable, under the Credit Documents in accordance with this Agreement.
Credit Enhancements. The Company shall, or shall cause MDE to, use commercially reasonable efforts to procure letters of credit to replace the credit enhancements listed on Schedule 6.6 of the disclosure schedule to the Chicago Stock Purchase Agreement prior to Closing.
Credit Enhancements. (a) On the terms and subject to the conditions contained in this Agreement, Lender agrees to provide one or more Credit Enhancements at the request of Borrower from time to time during the period commencing on the Effective Date and ending on the earlier of the Termination Date and 30 days prior to the Scheduled Termination Date; provided, however, that Lender shall not be under any obligation to provide any Credit Enhancement if:
Credit Enhancements. (a) Borrower and the Co-Borrowers have delivered to Lender a letter of credit (the "L/C") in the amount of $5,000,000 as additional security for the Loan. The L/C shall be maintained in form, substance and with an institution acceptable to Lender and shall be renewed automatically each year for an additional year during the term of the Loan (and notice of such renewal shall be delivered to Lender not later than thirty days prior to the expiration of the L/C being renewed). The issuing institution shall notify Lender at least thirty days prior to the end of any year that the L/C has not been renewed, and such notice of non-renewal (or the failure of Lender to receive timely notice of renewal) shall entitle Lender to draw upon the L/C and apply the proceeds to the repayment of the Loan.
Credit Enhancements. The Company or MDE shall have procured the letters of credit to replace the credit enhancements specified in Section 5.11, or received waivers of such credit enhancements satisfactory to the Purchaser.
Credit Enhancements. Such documents, instruments and agreements (including without limitation, security agreements, non‑competition agreements and guarantees) executed and delivered to Lessor as shall be necessary to provide Lessor with comparable rights, credit enhancements and security as are provided in the Other Agreements and the Letter of Credit, as determined in Lessor's reasonable discretion.
Credit Enhancements. Borrower and Subsidiary Guarantors shall not permit the Broker Entity to provide credit enhancements in any form (including, without limitation, in the form of guaranties, liens, cash, securities or Indebtedness) in excess of Five Million Dollars ($5,000,000) in the aggregate at any time.
Credit Enhancements. Seller agrees that it shall hold Purchaser and its Related Parties harmless from and shall reimburse Purchaser and its Related Parties for any Losses suffered or incurred by Purchaser or its Related Parties after the Sale Date or Subsequent Sale Date, as applicable, that result from or arise out of any “Credit Enhancements” (as such term is defined in the Tri-Party Agreement among Seller, Purchaser and FHLMC).
