Common use of Excess Letters of Credit Outstanding Clause in Contracts

Excess Letters of Credit Outstanding. If any excess calculated pursuant to Section 3.5(b) is attributable to undrawn Letters of Credit, the Borrowers shall Cash Collateralize by the Required Payment Time such excess in the currency of the related Letter of Credit with the Administrative Agent, when required pursuant to the terms of Section 3.5(b), as security for such portion of the Obligations. Unless otherwise required by Applicable Law, upon: (A) a change in circumstances such that the Dollar Equivalent of the Principal Obligations no longer exceed the Available Commitment; or (B) the full and final payment of the Obligations and the expiration or termination of all Letters of Credit, so long as no Event of Default or Potential Default has occurred and is continuing, the Administrative Agent shall return to the Borrowers any amounts remaining in said Cash Collateral Account.

Excess Letters of Credit Outstanding. If any excess calculated pursuant to Section 3.5(b) is attributable to undrawn Letters of Credit, the Borrowers shall Cash Collateralize by the Required Payment Time such excess in the currency of the related Letter of Credit with the Administrative Agent, when required pursuant to the terms of Section 3.5(b), as security for such portion of the Obligations. Unless otherwise required by Applicable Law, upon: (A) a change in circumstances such that the Dollar Equivalent of the Principal Obligations no longer exceed the Available Commitment; or (B) the full and final payment of the Obligations and the expiration or termination of all Letters of Credit, so long as no Event of Default or Potential Default has occurred and is continuing, the Administrative Agent shall return to the Borrowers any amounts remaining in said Cash Collateral Account.

Excess Letters of Credit Outstanding. If any excess calculated pursuant to Section 3.5(b2.1(e) hereof is attributable to undrawn Letters of Credit, the Borrowers applicable Borrower shall Cash Collateralize by the Required Payment Time pay such excess in to the currency Administrative Agent, for the account of the related Letter of Credit with the Administrative AgentIssuer, when required pursuant to the terms of Section 3.5(b)2.1(e) hereof for deposit into the Cash Collateral Account, as security for such portion of the ObligationsObligations of such Borrower. Unless otherwise required by Applicable Lawlaw, uponupon the earlier to occur of: (Ai) a change in circumstances such that the Dollar Equivalent of the aggregate Principal Obligations of the Borrowers no longer exceed exceeds the Available CommitmentCommitment (so long as no Event of Default or Potential Default has occurred and is continuing); or (Bii) the full and final payment of the Obligations and the expiration or termination of all Letters of Credit, so long as no Event of Default or Potential Default has occurred and is continuing, the Administrative Agent shall return to the Borrowers applicable Borrower(s) any amounts remaining in said the Cash Collateral Account.