Common use of L/C Cash Collateral Account Clause in Contracts

L/C Cash Collateral Account. (i) Upon the occurrence of an Event of Default and demand by the Administrative Agent pursuant to Section 8.2(c) hereof (except in the case of an Event of Default specified in Section 8.1(e) or (f) hereof, without any demand or taking of any other action by the Administrative Agent or any Lender), the Borrower will promptly pay to the Administrative Agent in immediately available funds an amount equal to the maximum amount then available to be drawn under the Letters of Credit then outstanding. Any amounts so received by the Administrative Agent shall be deposited by the Administrative Agent in a deposit account maintained by the Administrative Agent (the "L/C Cash Collateral Account").

L/C Cash Collateral Account. (i) Upon the occurrence of an Event of Default and demand by the Administrative Agent pursuant to Section 8.2(c) hereof (except in the case of an Event of Default specified in Section 8.1(e8.1(f) or (fg) hereof, without any demand or taking of any other action by the Administrative Agent or any Lender), the Borrower will promptly pay to the Administrative Agent in immediately available funds an amount equal to the maximum amount then available to be drawn under the Letters of Credit then outstanding. Any amounts so received by the Administrative Agent shall be deposited by the Administrative Agent in a deposit account maintained by the Administrative Agent Issuing Bank (the "L/C Cash Collateral Account").

L/C Cash Collateral Account. (i) Upon the occurrence of an Event of Default and demand by the Administrative Agent pursuant to Section 8.2(c) hereof (except in the case of hereof, other than an Event of Default specified in pursuant to Section 8.1(e8.1(f) or (f8.1(g) hereof, hereof upon which event the referenced sums will become immediately due and payable without any demand or taking of any other further action by the Administrative Agent or any Lender)Agent, the Borrower will promptly pay to the Administrative Agent in immediately available funds an amount equal to 100% of the Dollar Equivalent of the maximum amount then available to be drawn under the Letters of Credit then outstanding. Any amounts so received by the Administrative Agent shall be deposited by the Administrative Agent in a deposit account maintained by the Administrative Agent Primary Issuing Bank (the "L/C Cash Collateral Account").