Common use of Deposit Obligations of Borrowers Clause in Contracts

Deposit Obligations of Borrowers. In the event any Letters of Credit are outstanding at the time that Borrowers prepay or are required to repay the Obligations or the Revolving Loan Commitment is terminated, Borrowers shall (1) deposit with Agent for the benefit of all Lenders with a portion of the Revolving Loan Commitment cash in an amount equal to one hundred and five percent (105%) of the aggregate outstanding Letter of Credit Liability to be available to Agent to reimburse payments of drafts drawn under such Letters of Credit and pay any fees and expenses related thereto and (2) prepay the fee payable under Section 2.4(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 Borrowers, together with the deposit described in the preceding clause (1) to the extent not previously applied by Agent in the manner described herein.

Deposit Obligations of Borrowers. In the event any Letters of Credit are outstanding at the time that Borrowers prepay prepay, or are required to repay repay, the Obligations or the Revolving Loan Commitment is terminated, Borrowers shall (1i) deposit with Agent for the benefit Cash Collateralize all Letter of all Lenders with a portion of the Revolving Loan Commitment cash Credit Liabilities, in an amount equal to one hundred and five two percent (105102%) of the aggregate outstanding Letter of Credit Liability Liabilities, to be available to Agent Issuer to reimburse payments of drafts drawn under such Letters of Credit and pay any fees and expenses related thereto thereto, and (2ii) prepay the fee payable under Section 2.4(b1.4(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 Borrowers, together with the deposit described in the preceding clause (1i) to the extent not previously applied by Agent Issuer in the manner described herein.

Deposit Obligations of Borrowers. In the event any Letters of Credit are outstanding at the time that Borrowers prepay or are required to repay the Obligations in full or the Revolving Loan Commitment is terminated, Borrowers shall (1) deposit with Agent for the benefit of all Lenders with a portion of the Revolving Loan Commitment cash in an amount equal to one hundred and five percent (105%) of the aggregate outstanding Letter of Credit Liability to be available to Agent to reimburse payments of drafts drawn under such Letters of Credit and pay any fees and expenses related thereto and (2) prepay the fee payable under Section 2.4(b2.5(b) with respect to such Letters of Credit for the full remaining current terms (exclusive of optional renewal 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 Borrowers, together with the deposit described in the preceding clause (1) to the extent not previously applied by Agent in the manner described herein.

Deposit Obligations of Borrowers. In the event any Letters of Credit are outstanding at the time that Borrowers prepay or are required to repay the Obligations or the Revolving Loan Commitment is terminated, Borrowers shall (1) deposit with Agent for the benefit of all Lenders with a portion of the Revolving Loan Commitment cash in an amount equal to one hundred and five percent (105%) of the aggregate outstanding Letter of Credit Liability to be available to Agent to reimburse payments of drafts drawn under such Letters of Credit and pay any fees and expenses related thereto and (2) prepay the fee payable under Section 2.4(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 Credit, the unearned portion of such prepaid fee attributable to such Letter of Credit shall be refunded to Borrowers, together with the deposit described in the preceding clause (1) to the extent not previously applied by Agent in the manner described herein.

Deposit Obligations of Borrowers. In the event any Letters of Credit are outstanding at the time that Borrowers prepay or are required to repay the Obligations Liabilities or the Revolving Loan Commitment is terminatedterminated in accordance with the terms hereof, Borrowers shall (1a) deposit with Agent for the benefit of all Revolving Lenders with a portion of the Revolving Loan Commitment cash in an amount equal to one hundred and five percent (105%) of the aggregate outstanding Letter of Credit Liability Obligations to be available to Agent to reimburse payments of drafts drawn under such Letters of Credit and pay any fees and expenses related thereto and (2b) prepay the fee payable under Section 2.4(b) 3.01 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, so long as no Event of Default is then existing, the unearned portion of such prepaid fee attributable to such Letter of Credit shall be refunded to Borrowers, together with the deposit described in the preceding clause (1a) to the extent not previously applied by Agent in the manner described herein.

Deposit Obligations of Borrowers. In the event any Letters of Credit are outstanding at the time that Borrowers prepay or are required to repay the Obligations in full or the Revolving Loan Commitment is terminated, the Borrowers shall (1i) deposit with Agent for the benefit of all Lenders with a portion of the Revolving Loan Commitment cash LC Issuer ("Cash Collateral") in an amount equal to one hundred and five percent (105%) % of the aggregate outstanding Letter of Credit Liability Liabilities to be available to Agent LC Issuer to reimburse payments of drafts drawn under such Letters of Credit and pay any fees and expenses related thereto and such Cash Collateral shall serve as collateral for the Obligations and (2ii) prepay the fee payable under Section 2.4(b) 2.12 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 Default then exists, the unearned portion of such prepaid fee attributable to such Letter of Credit shall be refunded to Borrowers, together with the deposit described in the preceding clause (1i) attributable to such Letter of Credit, but only to the extent not previously applied by Agent LC Issuer in the manner described herein.