New Swing Loans/Letters of Credit. So long as any Lender is a Defaulting Lender, the Issuing Bank will not be required to issue, amend or increase any Letter of Credit, and the Swing Bank will not be required to make any Swing Loans, unless they are satisfied that 100% of the related Letter of Credit Obligations and Swing Loan Obligations is fully covered or eliminated by Cash Collateral and reallocation as set forth in this Section 2.17.
Appears in 4 contracts
Samples: Credit Agreement (Installed Building Products, Inc.), Credit Agreement (Central Garden & Pet Co), Credit Agreement (Installed Building Products, Inc.)
New Swing Loans/Letters of Credit. So long as any Lender is a Defaulting Lender, the Issuing Bank Banks will not be required to issue, amend or increase any Letter of Credit, and the Swing Bank will not be required to make any Swing Loans, unless they are satisfied that 100% of the related Letter of Credit Obligations and Swing Loan Obligations is fully covered or eliminated by Cash Collateral cash collateral and reallocation as set forth in this Section 2.172.18.
Appears in 3 contracts
Samples: Second Amendment to Fourth Amended and Restated Credit Agreement (Oxford Industries Inc), Credit Agreement (Oxford Industries Inc), Credit Agreement (Oxford Industries Inc)
New Swing Loans/Letters of Credit. So long as any Lender is a Defaulting Lender, (i) the Swing Bank shall not be required to fund any Swing Loans unless it is satisfied that it will have no additional Swing Loans after giving effect to such Swing Loan and (ii) no Issuing Bank will not shall be required to issue, amend extend, renew or increase any Letter of Credit, and the Swing Bank will not be required to make any Swing Loans, Credit unless they are it is satisfied that 100% of the related it will have no additional Letter of Credit Obligations and Swing Loan Obligations is fully covered or eliminated by Cash Collateral and reallocation as set forth in this Section 2.17after giving effect thereto.
Appears in 2 contracts
Samples: Credit Agreement (Vulcan Materials CO), Credit Agreement (Vulcan Materials CO)
New Swing Loans/Letters of Credit. So long as any Lender is a Defaulting Lender, the Issuing Bank Banks will not be required to issue, amend or increase any Letter of Credit, and the Swing Bank will not be required to make any Swing Loans, unless they are satisfied that 100% of the related Letter of Credit Obligations and Swing Loan Obligations is fully covered or eliminated by Cash Collateral and reallocation as set forth in this Section 2.17.
Appears in 1 contract
