L/C Cash Collateral. If, at any time, the aggregate ------------------- Available Amount of all Letters of Credit then outstanding exceeds the L/C Sublimit in effect at such time, the Borrower shall immediately pay to the Administrative Agent for deposit in the L/C Cash Collateral Account an amount sufficient to cause the aggregate amount on deposit in such account to equal the amount of such excess.
Appears in 2 contracts
Samples: Schedules and Exhibits (Smart & Final Inc/De), Credit Agreement (Smart & Final Inc/De)
L/C Cash Collateral. If, at any time, the aggregate ------------------- Available Amount of all Letters of Credit then outstanding exceeds the L/C Sublimit in effect at such time, the Borrower shall immediately pay to the Administrative Agent for deposit in the L/C Cash Collateral Account an amount sufficient to cause the aggregate amount on deposit in such account to equal the amount of such excess.
Appears in 1 contract
L/C Cash Collateral. If, at any time, the aggregate Available ------------------- Available Amount of all Letters of Credit then outstanding exceeds the L/C Sublimit in effect at such time, the Borrower shall immediately pay to the Administrative Agent for deposit in the L/C Cash Collateral Account an amount sufficient to cause the aggregate amount on deposit in such account to equal the amount of such excess.
Appears in 1 contract
Samples: Schedules and Exhibits (National Golf Properties Inc)
