LC Outstandings Exceed LC Commitment. If on any date the LC Outstandings exceed the LC Commitment Amount, then the applicable LC Obligor or the Borrower shall, on such day, Cash Collateralize the LC Outstandings to the extent of such excess.
Appears in 15 contracts
Samples: Credit Agreement (Eastern Co), Credit Agreement (Purple Innovation, Inc.), Credit Agreement (Purple Innovation, Inc.)
LC Outstandings Exceed LC Commitment. If on any date the LC Outstandings exceed the LC Commitment AmountAmount then in effect, then the applicable LC Obligor or the Parent Borrower shall, on such day, Cash Collateralize the any LC Outstandings that have not previously been Cash Collateralized to the extent of such excessexcess in accordance with Section 2.15(d).
Appears in 4 contracts
Samples: Credit Agreement (PGT Innovations, Inc.), Credit Agreement (PGT Innovations, Inc.), Credit Agreement (PGT Innovations, Inc.)
LC Outstandings Exceed LC Commitment. If on any date the LC Outstandings exceed the LC Commitment Amount, then the applicable LC Obligor or the U.S. Borrower shall, on such day, Cash Collateralize the LC Outstandings to the extent of such excess.
Appears in 3 contracts
Samples: Credit Agreement (GTT Communications, Inc.), Credit Agreement (GTT Communications, Inc.), Credit Agreement (GTT Communications, Inc.)
LC Outstandings Exceed LC Commitment. If on any date the LC Outstandings exceed the LC Commitment Amount, then the applicable LC Obligor or the Borrower Borrowers shall, on such day, Cash Collateralize the LC Outstandings to the extent of such excess.
Appears in 2 contracts
Samples: Credit Agreement, Credit Agreement (Nautical Miles Inc.)
LC Outstandings Exceed LC Commitment. If on any date the LC Outstandings exceed the LC Commitment Amount, then the applicable LC Obligor or the Parent Borrower shall, on such day, Cash Collateralize the any LC Outstandings that have not previously been Cash Collateralized to the extent of such excess.
Appears in 2 contracts
Samples: Credit Agreement (PGT, Inc.), Credit Agreement (PGT, Inc.)
LC Outstandings Exceed LC Commitment. If on any date the LC Outstandings exceed the LC Commitment Amount, then the applicable LC Obligor or the applicable Borrower shall, on such day, Cash Collateralize the any LC Outstandings that have not previously been Cash Collateralized to the extent of such excess.
Appears in 2 contracts
Samples: Credit Agreement (Patheon Holdings Cooperatief U.A.), Credit Agreement (Patheon Inc)
LC Outstandings Exceed LC Commitment. If on any date the LC Outstandings exceed the LC Commitment Amount, then the applicable LC Obligor or the Borrower shall, on such day, Cash Collateralize the any LC Outstandings that have not previously been Cash Collateralized to the extent of such excess.
Appears in 1 contract
LC Outstandings Exceed LC Commitment. If on any date the LC Outstandings exceed the Initial LC Commitment AmountCommitment, then the applicable LC Obligor or the Borrower shall, on such day, Cash Collateralize the any LC Outstandings that have not previously been Cash Collateralized to the extent of such excess.
Appears in 1 contract
Samples: Credit Agreement
LC Outstandings Exceed LC Commitment. If on any date the LC Outstandings exceed the LC Commitment Amount, then the applicable LC Obligor or the applicable Borrower shall, on such day, Cash Collateralize the LC Outstandings to the extent of such excess.
Appears in 1 contract
LC Outstandings Exceed LC Commitment. If on any date the LC Outstandings exceed the LC Commitment Amount, then the applicable LC Obligor or the Borrower shall, on such day, Cash Collateralize the LC Outstandings to the extent of such excessexcess any LC Outstandings that have not previously been Cash Collateralized.
Appears in 1 contract
