L/C Cash Collateral Account. The Borrower hereby grants to the Administrative Agent, for the benefit of the Issuing Banks and the Banks, a security interest in and Lien on the L/C Cash Collateral Account and all cash, deposit accounts and all balances therein and all proceeds of the foregoing, to secure the Obligations of the Borrower in respect of Letters of Credit and the other Obligations of the Borrower. Cash Collateral shall be maintained in blocked, non-interest bearing deposit accounts at Citibank.
Appears in 4 contracts
Samples: Revolving Credit Agreement (Kbr, Inc.), Assignment and Acceptance (Kbr, Inc.), Assignment and Acceptance (Kbr, Inc.)
