Prior Maturity. If the U.S. Revolving Credit Termination Date in respect of any U.S. Revolving Credit Commitments occurs prior to the expiration of any Letter of Credit, then the Borrower shall, on or prior to such U.S. Revolving Credit Termination Date, cause all such Letters of Credit to be returned to the applicable L/C Issuer for cancellation or to the extent that the Borrower is unable to so return (or elects not to cause the return of) any such Letter(s) of Credit, such Letter(s) of Credit shall be cash collateralized or backstopped in full pursuant to arrangements reasonably acceptable to the applicable L/C Issuer. For the avoidance of doubt, the parties hereto agree that upon the taking of the actions described in the foregoing sentence, all participations in Letters of Credit under the applicable terminated U.S. Revolving Credit Commitments shall terminate.
Prior Maturity. If the Scheduled Maturity Date in respect of any Commitments occurs prior to the expiration of any Letter of Credit, then the Borrower shall, on or prior to such Scheduled Maturity Date, cause all such Letters of Credit to be returned to the applicable L/C Issuer for cancellation or to the extent that the Borrower is unable to so return (or elects not to cause the return of) any such Letter(s) of Credit, such Letter(s) of Credit shall be cash collateralized or backstopped in full pursuant to arrangements reasonably acceptable to the applicable L/C Issuer. For the avoidance of doubt, the parties hereto agree that upon the taking of the actions described in the foregoing sentence, all participations in Letters of Credit under the applicable terminated Commitments shall terminate.
