Prepayments of Letters of Credit. In the event that any Letters of Credit shall be outstanding according to their terms after the Revolving Loan Maturity Date, the Borrower shall pay to the Agent an amount equal to the Letter of Credit Exposure allocable to such Letters of Credit to be held in the Letter of Credit Collateral Account and applied in accordance with paragraph (g) below.
Appears in 5 contracts
Samples: Credit Agreement (Integrated Electrical Services Inc), Credit Agreement (Tyler Corp /New/), Credit Agreement (Coach Usa Inc)
Prepayments of Letters of Credit. In the event that any Letters of Credit shall be outstanding according to their terms after the Revolving Loan Maturity Date, the Borrower shall pay to the Administrative Agent an amount equal to the Letter of Credit Exposure allocable to such Letters of Credit to be held in the Letter of Credit Collateral Account and applied in accordance with paragraph (g) below.
Appears in 2 contracts
Samples: Credit Agreement (Integrated Electrical Services Inc), Credit Agreement (NBH Holdings Co Inc)
Prepayments of Letters of Credit. In the event that any Letters of Credit shall be outstanding according to their terms or shall be drawn and not reimbursed after the Revolving Loan Maturity Date, the Borrower shall pay to the Agent an amount equal to the Letter of Credit Exposure allocable to such Letters of Credit to be held in the Letter of Credit Collateral Account and applied in accordance with paragraph (g) below.
Appears in 1 contract
Samples: Credit Agreement (Hydrochem Industrial Services Inc)
Prepayments of Letters of Credit. In the event that any Letters of Credit shall be outstanding according to their terms after the Revolving Loan Maturity Date, the Borrower shall pay to the Agent an amount equal to the Letter of Credit Exposure allocable to such Letters of Credit to be held in the Letter of Credit Collateral Account and applied in accordance with paragraph (g) below.
Appears in 1 contract
Prepayments of Letters of Credit. In the event that any Letters of Credit shall be outstanding according to their terms or shall be drawn and not reimbursed after the Revolving Loan Final Maturity Date, the Borrower Borrowers shall jointly and severally pay to the Facility Agent an amount equal to the Letter of Credit Exposure allocable to such Letters of Credit to be held in the Letter of Credit XX Xxxx Collateral Account and applied in accordance with paragraph (g) below.
Appears in 1 contract
Prepayments of Letters of Credit. In the event that any Letters of Credit shall be outstanding according to their terms after the Revolving Loan Maturity Date, the Borrower shall pay to the Administrative Agent on the Revolving Loan Maturity Date an amount equal to the Letter of Credit Exposure allocable to such Letters of Credit to be held in the Letter of Credit Collateral Account and applied in accordance with paragraph (g) below.
Appears in 1 contract
Prepayments of Letters of Credit. In the event that any Letters of Credit shall be outstanding according to their terms after the Revolving Loan Maturity Date, the Borrower Borrowers shall pay to the Administrative Agent an amount equal to the Letter of Credit Exposure allocable to such Letters of Credit to be held in the Letter of Credit Collateral Account and applied in accordance with paragraph (g) below.
Appears in 1 contract
