Expiration or Maturity Date of Letters of Credit Past Termination Date. If on the date the Commitments are terminated or reduced to zero (whether voluntarily, by reason of the occurrence of an Event of Default or otherwise), there are any Letters of Credit outstanding hereunder, the Borrower shall, on such date, pay to the Agent an amount of money equal to the Stated Amount of such Letter(s) of Credit for deposit into the Collateral Account.
Appears in 17 contracts
Samples: Credit Agreement (Kite Realty Group Trust), Credit Agreement (Corporate Office Properties Trust), Credit Agreement (Federal Realty Investment Trust)
Expiration or Maturity Date of Letters of Credit Past Termination Date. If on the date the Commitments are terminated or reduced to zero (whether voluntarily, by reason of the occurrence of an Event of Default or otherwise), there are any Letters of Credit outstanding hereunder, the Borrower shall, on such date, pay to the Agent Issuing Bank an amount of money equal to the Stated Amount of such Letter(s) of Credit for deposit into the Collateral Account.
Appears in 6 contracts
Samples: Credit Agreement (Scana Corp), Credit Agreement (Scana Corp), Credit Agreement (Scana Corp)
Expiration or Maturity Date of Letters of Credit Past Termination Date. If on the date the Commitments are terminated or reduced to zero (whether voluntarily, by reason of the occurrence of an Event of Default or otherwise), there are any Letters of Credit outstanding hereunder, the Borrower shall, on such date, pay to the Agent an amount of money equal to Cash Collateralize the Stated Amount of such Letter(s) of Credit for deposit into the Collateral AccountCredit.
Appears in 4 contracts
Samples: Credit Agreement (South Carolina Electric & Gas Co), Credit Agreement (South Carolina Electric & Gas Co), Credit Agreement (South Carolina Electric & Gas Co)
Expiration or Maturity Date of Letters of Credit Past Termination Date. If on the date the Commitments are terminated or reduced to zero (whether voluntarily, by reason of the occurrence of an Event of Default or otherwise), there are any Letters of Credit outstanding hereunder, the Borrower shall, on such date, pay to the Agent an amount of money sufficient to cause the balance of available funds on deposit in the Collateral Account to equal to the Stated Amount of such Letter(s) of Credit for deposit into the Collateral Account.
Appears in 3 contracts
Samples: Security Agreement (Morgans Hotel Group Co.), Credit Agreement; And Waiver Agreement (Morgans Hotel Group Co.), Credit Agreement (Morgans Hotel Group Co.)
Expiration or Maturity Date of Letters of Credit Past Termination Date. If on the date (the “Facility Termination Date”) the Commitments are terminated or reduced to zero (whether voluntarily, by reason of the occurrence of an Event of Default or otherwise), there are any Letters of Credit outstanding hereunder, the Borrower shall, on such datethe Facility Termination Date, pay to the Agent an amount of money equal to the Stated Amount of such Letter(s) of Credit for deposit into the Collateral Account.
Appears in 2 contracts
Samples: Credit Agreement (Senior Housing Properties Trust), Credit Agreement (HRPT Properties Trust)
Expiration or Maturity Date of Letters of Credit Past Termination Date. If on the date the Revolving Commitments are terminated or reduced to zero (whether voluntarily, by reason of the occurrence of an Event of Default or otherwise), there are any Letters of Credit outstanding hereunder, the Borrower shall, on such date, pay to the Administrative Agent, for the benefit of the Administrative Agent and the Lenders, an amount of money equal to the aggregate Stated Amount of such Letter(s) of Credit for deposit into the Collateral Account.
Appears in 2 contracts
Samples: Assignment and Acceptance Agreement (CubeSmart, L.P.), Assignment and Acceptance Agreement (U-Store-It Trust)
Expiration or Maturity Date of Letters of Credit Past Termination Date. (a) If on the date the Commitments are terminated or reduced to zero (whether voluntarily, by reason of the occurrence of an Event of Default or otherwise), Termination Date there are any Letters of Credit outstanding hereunderhereunder (excluding any Letters of Credit for which cash collateral has been provided as provided herein), the Borrower Borrowers shall, on such date, pay to the Agent an amount of money equal to the Stated Amount of such Letter(s) of Credit for deposit into the Collateral Account.
Appears in 2 contracts
Samples: Revolving Credit Agreement (Strategic Realty Trust, Inc.), Credit Agreement (Strategic Realty Trust, Inc.)
Expiration or Maturity Date of Letters of Credit Past Termination Date. If on the date (the “Facility Termination Date”) the Commitments are terminated or reduced to zero (whether voluntarily, by reason of the occurrence of an Event of Default or otherwise), there are any Letters of Credit outstanding hereunder, the Borrower shall, on such dateor before the Facility Termination Date, pay to the Agent an amount of money equal to the Stated Amount of such Letter(s) of Credit for deposit into the Collateral Account.
Appears in 2 contracts
Samples: Management Agreement (Hospitality Properties Trust), Credit Agreement (Hospitality Properties Trust)
Expiration or Maturity Date of Letters of Credit Past Termination Date. If on the date the Commitments are terminated or reduced to zero (whether voluntarily, by reason of the occurrence of an Event of Default or otherwise), there are any Letters of Credit outstanding hereunder, the Borrower Borrowers shall, on such date, pay to the Agent an amount of money equal to the Stated Amount of such Letter(s) of Credit for deposit into the Collateral Account.
Appears in 2 contracts
Samples: Credit Agreement (Entertainment Properties Trust), Credit Agreement (Entertainment Properties Trust)
Expiration or Maturity Date of Letters of Credit Past Termination Date. (a) If on the date the Commitments are terminated or reduced to zero (whether voluntarily, by reason of the occurrence of an Event of Default or otherwise), there are any Letters of Credit outstanding hereunder, the Borrower Borrowers shall, on such date, pay to the Agent an amount of money equal to the Stated Amount of such Letter(s) of Credit for deposit into the Collateral Account.
Appears in 1 contract
Expiration or Maturity Date of Letters of Credit Past Termination Date. If on the date the Commitments are terminated or reduced to zero (whether voluntarily, by reason of the occurrence of an Event of Default or otherwise), there are any Letters of Credit outstanding hereunder, the Borrower shall, on such date, pay to the Agent an amount of money necessary to cause the balance of the Collateral Account to equal to the Stated Amount of such Letter(s) of Credit for deposit into the Collateral Account.
Appears in 1 contract
Expiration or Maturity Date of Letters of Credit Past Termination Date. (a) If on the date the Revolving Loan Commitments are terminated or reduced to zero (whether voluntarily, by reason of the occurrence of an Event of Default or otherwise), there are any Letters of Credit outstanding hereunder, the Borrower Borrowers shall, on such date, pay to the Agent an amount of money equal to the Stated Amount of such Letter(s) of Credit for deposit into the Collateral Account.
Appears in 1 contract
Expiration or Maturity Date of Letters of Credit Past Termination Date. If on the date the Revolving Commitments are terminated or reduced to zero (whether voluntarily, by reason of the occurrence of an Event of Default or otherwise), there are any Letters of Credit outstanding hereunder, the Borrower shall, on such date, pay to the Agent, for the benefit of the Agent and the Lenders, an amount of money equal to the Stated Amount of such Letter(s) of Credit for deposit into the Collateral Account.
Appears in 1 contract
Samples: Assignment and Acceptance Agreement (U-Store-It Trust)
Expiration or Maturity Date of Letters of Credit Past Termination Date. If on the date the Commitments are Commitment is terminated or reduced to zero (whether voluntarily, by reason of the occurrence of an Event of Default or otherwise), there are any Letters of Credit outstanding hereunder, the Borrower shall, on such date, pay to the Agent Lender an amount of money equal to the Stated Amount of such Letter(s) of Credit for deposit into the Collateral Account.
Appears in 1 contract
Samples: Credit and Security Agreement (Five Star Quality Care Inc)
Expiration or Maturity Date of Letters of Credit Past Termination Date. If on the date the Commitments are terminated or reduced to zero (whether voluntarily, by reason of the occurrence of an Event of Default or otherwise), there are any Letters of Credit outstanding hereunder, the Borrower shall, on such date, pay to the Agent an amount of money equal to the Stated Amount of such Letter(s) of Credit for deposit into the Letter of Credit Collateral Account.
Appears in 1 contract
Expiration or Maturity Date of Letters of Credit Past Termination Date. If on the date the Revolving Commitments are terminated or reduced to zero (whether voluntarily, by reason of the occurrence of an Event of Default or otherwise), there are any Letters of Credit outstanding hereunder, the Borrower shall, on such date, pay to the Agent an amount of money equal to the Stated Amount of such Letter(s) of Credit for deposit into the Collateral Account.
Appears in 1 contract
Samples: Credit Agreement (U-Store-It Trust)
Expiration or Maturity Date of Letters of Credit Past Termination Date. If on the date the Revolving Credit Commitments are terminated or reduced to zero (whether voluntarily, by reason of the occurrence of an Event of Default or otherwise), there are any Letters of Credit outstanding hereunder, the Borrower Borrowers shall, on such date, pay to the Agent an amount of money equal to the Stated Amount of such Letter(s) of Credit for deposit into the Collateral Account.
Appears in 1 contract
Expiration or Maturity Date of Letters of Credit Past Termination Date. If on the date the Commitments are terminated or reduced to zero (whether voluntarily, by reason of the occurrence of an Event of Default or otherwise), there are any Letters of Credit outstanding hereunder, the Borrower shall, on such date, pay to the Agent Issuing Bank an amount of money equal to the Stated Amount of such Letter(s) of Credit for deposit into the Collateral Account.. #PageNum# LEGAL02/33558006v8
Appears in 1 contract
Samples: Credit Agreement (Scana Corp)