Common use of Deposit to Cash Collateral Agreement Clause in Contracts

Deposit to Cash Collateral Agreement. If Lender draws under the Letter of Credit pursuant to Section 6.15(b)(ii) or (iii) above, Lender shall deposit such draw monies into the Cash Collateral Account.

Appears in 2 contracts

Samples: Master Credit Facility Agreement (Camden Property Trust), Master Credit Facility Agreement (Camden Property Trust)

AutoNDA by SimpleDocs

Deposit to Cash Collateral Agreement. If Lender draws under the Letter of Credit pursuant to Section 6.15(b)(ii) or (iii) above, Lender shall deposit such draw monies into the Cash Collateral Account. Borrower shall have the right to obtain a release of such draw monies in the Cash Collateral Account pursuant to the Cash Collateral Agreement if Borrower provides Lender with a replacement Letter of Credit in accordance with Section 6.15(a) above and in an amount of the draw monies in the Cash Collateral Account.

Appears in 2 contracts

Samples: Master Credit Facility Agreement (Camden Property Trust), Master Credit Facility Agreement (Camden Property Trust)

Deposit to Cash Collateral Agreement. If Lender draws under the Letter of Credit pursuant to Section 6.15(b)(ii) or (iii) above, Lender shall deposit such draw monies into the Cash Collateral Account, pursuant to the terms of the Cash Collateral Agreement.

Appears in 1 contract

Samples: Master Credit Facility Agreement (Education Realty Trust, Inc.)

AutoNDA by SimpleDocs

Deposit to Cash Collateral Agreement. If Lender draws under the Letter of Credit pursuant to Section 6.15(b)(ii6.14(b)(ii) or (iii) above, Lender shall deposit such draw monies into the Cash Collateral Account, pursuant to the terms of the Cash Collateral Agreement.

Appears in 1 contract

Samples: Master Credit Facility Agreement (Education Realty Trust, Inc.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!