Deposit for Letters of Credit. Upon demand by the Letter of Credit Issuer after the occurrence of any Event of Default, the Borrower shall deposit with the Agent for the benefit of the Letter of Credit Issuer with respect to each Letter of Credit then outstanding cash in an amount equal to the greatest amount for which such Letter of Credit may be drawn. Such deposits shall be held by the Agent for the benefit of the Letter of Credit Issuer in the Letter of Credit Cash Collateral Account as security for, and to provide for the payment of, the Letter of Credit Exposure and all other Obligations.
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Samples: Revolving Credit and Term Loan Agreement (Golden Books Family Entertainment Inc), Revolving Credit and Term Loan Agreement (Golden Books Family Entertainment Inc)
Deposit for Letters of Credit. Upon demand by the Letter of Credit Issuer after the occurrence of any Event of Default, the Borrower shall deposit with the Agent for the benefit of the Letter of Credit Issuer with respect to each Letter of Credit then outstanding cash in an amount equal to the greatest amount for which such Letter of Credit may be drawn. Such deposits shall be held by the Agent for the benefit of the Letter of Credit Issuer in the Letter of Credit Cash Collateral Account as security for, and to provide for the payment of, the Letter of Credit Exposure and all other ObligationsExposure.
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Samples: Revolving Credit and Term Loan Agreement (Golden Books Family Entertainment Inc)
Deposit for Letters of Credit. Upon demand by the Letter of Credit Issuer Agent after the occurrence of any Event of Default, the Borrower shall deposit with the Agent for the benefit of CIT, the Lenders and the Letter of Credit Issuer with respect to each Letter of Credit then outstanding cash in an amount equal to the greatest amount for which such Letter of Credit may be drawn. Such deposits shall be held by the Agent for the benefit of CIT, the Lenders and the Letter of Credit Issuer in the Letter of Credit Cash Collateral Account as security for, and to provide for the payment of, the Letter of Credit Exposure and all other ObligationsExposure.
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Deposit for Letters of Credit. Upon demand by the Letter of Credit Issuer after the occurrence of any Event of Default, the Borrower shall deposit with the Administrative Agent for the benefit of the Letter of Credit Issuer with respect to each Letter of Credit then outstanding cash in an amount equal to the greatest amount for which such Letter of Credit may be drawn. Such deposits shall be held by the Administrative Agent for the benefit of the Letter of Credit Issuer in the Letter of Credit Cash Collateral Account as security for, and to provide for the payment of, the Letter of Credit Exposure and all other Obligations.Letter
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Samples: Revolving Credit Agreement (Sun Television & Appliances Inc)
Deposit for Letters of Credit. Upon demand by the Letter of Credit Issuer after the occurrence and during the continuance of any Event of Default, the Borrower Borrowers shall deposit with the Agent for the benefit of the Letter of Credit Issuer with respect to each Letter of Credit then outstanding cash in an amount equal to the greatest amount for which such Letter of Credit may be drawn. Such During the continuance of such Event of Default, such deposits shall be held by the Agent for the benefit of the Letter of Credit Issuer in the Letter of Credit Cash Collateral Account as security for, and to provide for the payment of, the Letter of Credit Exposure and all other ObligationsExposure.
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Samples: Credit Agreement (Gs Technologies Operating Co Inc)
Deposit for Letters of Credit. Upon demand to the Parent by the Letter of Credit Issuer after the occurrence of any Event of Default, the Borrower Borrowers shall deposit with the Administrative Agent for the benefit of the Letter of Credit Issuer with respect to each Letter of Credit then outstanding cash in an amount equal to the greatest amount for which such Letter of Credit may be drawn. Such deposits shall be held by the Administrative Agent for the benefit of the Letter of Credit Issuer in the Letter of Credit Cash Collateral Account as security for, and to provide for the payment of, the Letter of Credit Exposure and all other ObligationsExposure.
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Deposit for Letters of Credit. Upon demand by the Letter of Credit Issuer after the occurrence of any Event of Default, the Borrower Borrowers shall deposit with the Agent for the benefit of the Letter of Credit Issuer with respect to each Letter of Credit then outstanding cash in an amount equal to the greatest amount for which such Letter of Credit may be drawn. Such deposits shall be held by the Agent for the benefit of the Letter of Credit Issuer in the Letter of Credit Cash Collateral Account as security for, and to provide for the payment of, the Letter of Credit Exposure and all other ObligationsExposure.
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