Common use of L/Cs Clause in Contracts

L/Cs. Promptly following the acceleration of the maturity of the Revolving Notes pursuant to Section 8.2 or 8.3 hereof, the Borrower shall immediately pay to the Agent for the benefit of the Banks the full undrawn face amount of all then outstanding L/Cs. The Agent shall hold all such funds and proceeds thereof as additional collateral security for the obligations of the Borrower to the Banks under the Loan Documents. The amount paid under any L/C for which the Borrower has not reimbursed the Banks shall bear interest from the date of such payment at the default rate of interest specified in Section 1.3(c)(i) hereof.

L/Cs. Promptly following the acceleration of the maturity of the Revolving Notes pursuant to Section 8.2 or 8.3 hereof, the Borrower Company shall immediately pay to the Agent for the benefit of the Banks the full undrawn face aggregate amount of all then outstanding L/Cs. Cs and the Bond L/C. The Agent shall hold all such funds and proceeds thereof as additional collateral security for the obligations of the Borrower Company to the Banks under the Loan Documents. The amount paid under any of the L/Cs or the Bond L/C for which the Borrower Company has not reimbursed the Banks shall bear interest from the date of such payment at the default rate of interest specified in Section 1.3(c)(i1.3(d) hereof.

L/Cs. Promptly following the acceleration of the maturity of the Revolving Notes pursuant to Section 8.2 or 8.3 hereof, the Borrower Company shall immediately pay to the Agent for the benefit of the Banks the full undrawn face aggregate amount of all then outstanding L/Cs. The Agent shall hold all such funds and proceeds thereof as additional collateral security for the obligations of the Borrower Company to the Banks under the Loan Documents. The amount paid under any of the L/C Cs for which the Borrower Company has not reimbursed the Banks shall bear interest from the date of such payment at the default rate of interest specified in Section 1.3(c)(i) hereof.

L/Cs. Promptly following the acceleration of the maturity of the Revolving Notes pursuant to Section 8.2 or 8.3 hereof, the Borrower Company shall immediately pay to the Agent for the benefit of the Banks the full undrawn face aggregate amount of all then outstanding L/Cs. Cs and the Bond L/C. The Agent shall hold all such funds and proceeds thereof as additional collateral security for the obligations of the Borrower Company to the Banks under the Loan Documents. The amount paid under any of the L/Cs or the Bond L/C for which the Borrower Company has not reimbursed the Banks shall bear interest from the date of such payment at the default rate of interest specified in Section 1.3(c)(i1.3(c) hereof.

L/Cs. Promptly following the acceleration of the maturity of the Revolving Notes pursuant to Section 8.2 or 8.3 hereof, the Borrower shall immediately pay to the Agent for the benefit of the Banks the full undrawn face amount of all then outstanding L/Cs. The Agent shall hold all such funds and proceeds thereof as additional collateral security for the obligations of the Borrower to the Banks under the Loan Documents. The amount paid under any L/C for which the Borrower has not reimbursed the Banks shall bear interest from the date of such payment at the default rate of interest specified in Section 1.3(c)(i) hereof.

L/Cs. Promptly following the acceleration of the maturity of the Revolving Notes pursuant to Section 8.2 or 8.3 hereof, the Borrower Company shall immediately pay to the Agent for the benefit of the Banks the full undrawn face aggregate amount of all then outstanding L/Cs. Cs and the Bond L/C. The Agent shall hold all such funds and proceeds thereof as additional collateral security for the obligations of the Borrower Company to the Banks under the Loan Documents. The amount paid under any of the L/Cs or the Bond L/C for which the Borrower Company has not reimbursed the Banks shall bear interest from the date of such payment at the default rate of interest specified in Section 1.3(c)(i1.3(d) hereof." 1.12. The Credit Agreement shall be amended by adding the following provision thereto as Section 8.5:

L/Cs. Promptly following the acceleration of the maturity of the Revolving Notes pursuant to Section 8.2 or 8.3 hereof, the Borrower Company shall immediately pay to the Agent for the benefit of the Banks the full undrawn face aggregate amount of all then outstanding L/Cs. Cs and the Bond L/C. The Agent shall hold all such funds and proceeds thereof as additional collateral security for the obligations of the Borrower Borrowers to the Banks under the Loan Documents. The amount paid under any of the L/Cs or the Bond L/C for which the Borrower has Borrowers have not reimbursed the Banks shall bear interest from the date of such payment at the default rate of interest specified in Section 1.3(c)(i1.3(c) hereof.