Common use of Investment of LC Collateral Clause in Contracts

Investment of LC Collateral. Pending application thereof, all LC Collateral shall be invested by Bank in such investments as Bank may elect. All interest on such investments shall be reinvested or applied to Matured L/C Obligations. When all indebtedness evidenced by the Note and all Letter of Credit Liabilities have been satisfied in full, all Letters of Credit have expired or been terminated, and all of Borrowers’ reimbursement obligations in connection therewith have been satisfied in full, Bank shall release any remaining LC Collateral. Borrowers hereby assign and grant to Bank a continuing security interest in all LC Collateral, all investments purchased with such LC Collateral, and all proceeds thereof to secure its Matured L/C Obligations and its obligations under this Agreement, the Note and the other Loan Documents. Borrowers further agree that Bank shall have all of the rights and remedies of a secured party under the Uniform Commercial Code as adopted in the State of Texas with respect to such security interest and that an Event of Default under this Agreement shall constitute a default for purposes of such security interest.

Investment of LC Collateral. Pending application thereof, all LC Collateral shall be invested by Issuing Bank in such interest-bearing investments as Issuing Bank may electchoose in its sole discretion reasonably exercised. All interest on such investments shall be reinvested or applied to Matured L/C LC Obligations. When all indebtedness evidenced by the Note and all Letter of Credit Liabilities Obligations have been satisfied in full, including all LC Obligations, all Letters of Credit have expired or been terminated, and all of Borrowers’ Borrower’s reimbursement obligations in connection therewith have been satisfied in full, Issuing Bank shall release any remaining LC Collateral. Borrowers Borrower hereby assign assigns and grant grants to Issuing Bank a continuing security interest in all LC CollateralCollateral paid by it to Issuing Bank, all investments purchased with such LC Collateral, and all proceeds thereof to secure its Matured L/C LC Obligations and its obligations Obligations under this Agreement, the Note Notes, and the other Loan Documents. Borrowers Borrower further agree agrees that Issuing Bank shall have all of the rights and remedies of a secured party under the Uniform Commercial Code as adopted in the State of Texas with respect to such security interest and that an Event of Default under this Agreement shall constitute a default for purposes of such security interest.

Investment of LC Collateral. Pending application thereof, all LC Collateral shall be invested by Bank in such investments as Bank may elect. All interest on such investments shall be reinvested or applied to Matured L/C LC Obligations. When all indebtedness evidenced by the Note Notes and all Letter of Credit Liabilities LC Obligations have been satisfied in full, all Letters of Credit have expired or been terminated, and all of Borrowers’ Borrower's reimbursement obligations in connection therewith have been satisfied in full, Bank shall release any remaining LC Collateral. Borrowers Borrower hereby assign assigns and grant grants to Bank a continuing security interest in all LC Collateral, all investments purchased with such LC Collateral, and all proceeds thereof to secure its Matured L/C LC Obligations and its obligations under this Amendment, the Loan Agreement, the Note Notes and the other Loan Documents. Borrowers Borrower further agree agrees that Bank shall have all of the rights and remedies of a secured party under the Uniform Commercial Code as adopted in the State of Texas with respect to such security interest and that an Event of Default under this the Loan Agreement (as modified hereby) shall constitute a default for purposes of such security interest.. (3)

Investment of LC Collateral. Pending application thereof, all LC Collateral shall be invested by Bank in such investments as Bank may elect. All interest on such investments shall be reinvested or applied to Matured L/C Obligations. When all indebtedness evidenced by the Note and all Letter of Credit Liabilities have been satisfied in full, all Letters of Credit have expired or been terminated, and all of Borrowers’ Borrower’s reimbursement obligations in connection therewith have been satisfied in full, Bank shall release any remaining LC Collateral. Borrowers Borrower hereby assign assigns and grant grants to Bank a continuing security interest in all LC Collateral, all investments purchased with such LC Collateral, and all proceeds thereof to secure its Matured L/C Obligations and its obligations under this Agreement, the Note and the other Loan Documents. Borrowers Borrower further agree agrees that Bank shall have all of the rights and remedies of a secured party under the Uniform Commercial Code as adopted in the State of Texas with respect to such security interest and that an Event of Default under this Agreement shall constitute a default for purposes of such security interest.

Investment of LC Collateral. Pending application thereof, all LC Collateral shall be invested by Bank LC Issuer in such investments as Bank LC Issuer may electchoose in its sole discretion. All interest on such investments shall be reinvested or applied to Matured L/C LC Obligations. When all indebtedness evidenced by the Note and all Letter of Credit Liabilities Obligations have been satisfied in full, including all LC Obligations, all Letters of Credit have expired or been terminated, and all of Borrowers’ Borrower's reimbursement obligations in connection therewith have been satisfied in full, Bank LC Issuer shall release any remaining LC Collateral. Borrowers Borrower hereby assign assigns and grant grants to Bank LC Issuer a continuing security interest in all LC CollateralCollateral paid by it to LC Issuer, all investments purchased with such LC Collateral, and all proceeds thereof to secure its Matured L/C LC Obligations and its obligations Obligations under this Agreement, the Note Notes, and the other Loan Documents. Borrowers Borrower further agree agrees that Bank LC Issuer shall have all of the rights and remedies of a secured party under the Uniform Commercial Code as adopted in the State of Texas with respect to such security interest and that an Event of Default under this Agreement shall constitute a default for purposes of such security interest.

Investment of LC Collateral. Pending application thereof, all LC Collateral shall be invested by Bank in such investments as Bank may elect. All interest on such investments shall be reinvested or applied to Matured L/C LC Obligations. When all indebtedness evidenced by the Note Notes and all Letter of Credit Liabilities LC Obligations have been satisfied in full, all Letters of Credit have expired or been terminated, and all of Borrowers’ Borrower’s reimbursement obligations in connection therewith have been satisfied in full, Bank shall release any remaining LC Collateral. Borrowers Borrower hereby assign assigns and grant grants to Bank a continuing security interest in all LC Collateral, all investments purchased with such LC Collateral, and all proceeds thereof to secure its Matured L/C LC Obligations and its obligations under this Amendment, the Loan Agreement, the Note Notes and the other Loan Documents. Borrowers Borrower further agree agrees that Bank shall have all of the rights and remedies of a secured party under the Uniform Commercial Code as adopted in the State of Texas with respect to such security interest and that an Event of Default under this the Loan Agreement (as modified hereby) shall constitute a default for purposes of such security interest.