Common use of Deposit Obligations of Borrower Clause in Contracts

Deposit Obligations of Borrower. In the event any Letters of Credit are outstanding at the time that Borrower prepays or is required to repay the Obligations or the Commitment is terminated, Borrower shall (i) deposit with Issuer cash in an amount equal to one hundred and two percent (102%) of the aggregate outstanding Letter of Credit Liability to be available to Issuer to reimburse payments of drafts drawn under such Letters of Credit and pay any fees and expenses related thereto and (ii) prepay the fee payable under Section 1.04(b) with respect to such Letters of Credit for the full remaining terms of such Letters of Credit. Upon termination of any such Letter of Credit, the unearned portion of such prepaid fee attributable to such Letter of Credit shall be refunded to Borrower, together with the deposit described in the preceding clause (i) to the extent not previously applied by Issuer in the manner described herein.

Deposit Obligations of Borrower. In the event any Letters of Credit are outstanding at the time that Borrower prepays or is are required to repay the Obligations or the Commitment is terminated, Borrower shall (i) deposit with Issuer Agent cash in an amount equal to one hundred and two five percent (102105%) of the aggregate outstanding Letter of Credit Liability to be available to Issuer Lenders to reimburse payments of drafts drawn under such Letters of Credit and pay any fees and expenses related thereto and (ii) prepay the fee payable under Section 1.04(b2.5(b) with respect to such Letters of Credit for the full remaining terms of such Letters of Credit. Upon termination of any such Letter of CreditCredit and provided no Event of Default then exists, the unearned portion of such prepaid fee attributable to such Letter of Credit shall be refunded to Borrower, 4823-2057-1839.3 together with the deposit described in the preceding clause (i) attributable to such Letter of Credit, but only to the extent not previously applied by Issuer Lenders in the manner described herein.

Deposit Obligations of Borrower. In the event any Letters of Credit are outstanding at the time that Borrower prepays or is required to repay the Obligations or the Commitment is terminated, Borrower shall (i) deposit with Issuer Lender cash in an amount equal to one hundred and two percent (102%) of the aggregate outstanding Letter of Credit Liability to be available to Issuer Lender to reimburse payments of drafts drawn under such Letters of Credit and pay any fees and expenses related thereto and (ii) prepay the fee payable under Section 1.04(b) with respect to such Letters of Credit for the full remaining terms of such Letters of Credit. Upon termination of any such Letter of Credit, the unearned portion of such prepaid fee attributable to such Letter of Credit shall be refunded to Borrower, together with the deposit described in the preceding clause (i) to the extent not previously applied by Issuer Lender in the manner described herein.

Deposit Obligations of Borrower. In the event any Letters Letter of Credit are is outstanding at the time that Borrower prepays or is required to repay the Obligations or the Revolving Loan Commitment is terminated, Borrower shall will (ia) deposit with Issuer Lender cash in an amount equal to one hundred and two five percent (102105%) of the aggregate outstanding Letter of Credit Liability Liabilities to be available to Issuer Lender to reimburse payments of drafts drawn under such Letters of Credit and pay any fees and expenses related thereto thereto, and (iib) prepay the fee payable under Section 1.04(b) 9 with respect to such Letters of Credit for the full remaining terms of such Letters of Credit. Upon termination of any such Letter of Credit, the unearned portion of such prepaid fee attributable to such Letter of Credit shall will be refunded to Borrower, together with the deposit described in the preceding clause (ia) to the extent not previously applied by Issuer Lender in the manner described herein.