Release of Amounts. So long as no Event of Default shall have occurred and be continuing, the Collateral Agent will pay and release to the Borrower or the relevant Grantor or at the Borrower’s order or, at the request of the Borrower, to the Collateral Agent to be applied to the Obligations of the Borrower under the Loan Documents, such amount, if any, as is then on deposit in the L/C Cash Collateral Account, in each case to the extent permitted to be released under the terms of the Credit Agreement.
Appears in 3 contracts
Samples: Credit Agreement (Five Star Senior Living Inc.), Credit Agreement (Five Star Quality Care, Inc.), Security Agreement (Campus Crest Communities, Inc.)
Release of Amounts. So long as no Event of Default shall have occurred and be continuing, the Collateral Agent will direct the applicable Collateral Bank to pay and release to the Borrower or the relevant Grantor or at the Borrower’s its order or, at the request of the Borrower, to the Collateral Administrative Agent to be applied to the Obligations of the Borrower under the Loan Documents, such amount, if any, as is then on deposit in the L/C Cash Collateral Account, in each as the case may be, to the extent permitted to be released under the terms of the Credit Agreement.
Appears in 2 contracts
Samples: Security Agreement (Itc Deltacom Inc), Security Agreement (Itc Deltacom Inc)
Release of Amounts. So long as no Event of Default shall have occurred and be continuing, the Collateral Agent will direct the applicable Collateral Bank to pay and release to the Borrower or the relevant Grantor or at the Borrower’s its order or, at the request of the Borrower, to the Collateral Administrative Agent to be applied to the Obligations of the Borrower under the Loan Documents, such amount, if any, as is then on deposit in the L/C Cash Collateral Account, in each case to the extent permitted to be released under the terms of the Credit AgreementAgreement and the other Loan Documents.
Appears in 2 contracts
Samples: Credit Agreement (Pacificare Health Systems Inc /De/), Collateral Security Agreement (Pacificare Health Systems Inc /De/)
Release of Amounts. So long as no Event of Default shall have occurred ------------------ and be continuingcontinuing and there are no unpaid Obligations under the Loan Documents, the Collateral Agent will pay and release to the Borrower or the relevant Grantor or at the Borrower’s its order or, at the request of the Borrower, to the Collateral Agent to be applied to the Obligations of the Borrower under the Loan Documents, such amount, if any, as is then on deposit in the L/C Cash Collateral Account, in each case Account to the extent permitted to be released under the terms of the Credit Agreement.
Appears in 2 contracts
Samples: Security Agreement (Davita Inc), Security Agreement (Davita Inc)
Release of Amounts. So long as no Event of Default shall have occurred and be continuing, the Collateral Agent will pay and release release, or direct the applicable Pledged Account Bank to pay and release, in accordance with the terms of Section 2.05(c) of the Credit Agreement, to the Borrower or the relevant Grantor or at the Borrower’s its order or, at the request of the Borrower, to the Collateral Administrative Agent to be applied to as provided by the Obligations of the Borrower under the Loan Documents, Credit Agreement such amount, if any, as is then on deposit in the L/C Cash Collateral AccountAccounts, in each case to the extent permitted to be released under the terms of the Credit Agreement.
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Release of Amounts. So long as no Event of Default shall have occurred and be continuing, the Collateral Agent will shall direct the applicable Collateral Bank to pay and release to the Borrower or the relevant Grantor or at the Borrower’s its order or, at the request of the Borrower, to the Collateral Administrative Agent to be applied to the Obligations of the Borrower under the Loan Documents, such amount, if any, as is then on deposit in the L/C Cash Collateral Account, in each as the case may be, to the extent permitted to be released under the terms of the Third Amended Credit Agreement.
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Release of Amounts. So long as no Event of Default shall have occurred and be continuing, the Collateral Agent will pay and release release, or direct the applicable Pledged Account Bank to pay and release, to the Borrower or the relevant Grantor or at the Borrower’s its order or, at the request of the Borrower, to the Collateral Paying Agent to be applied to the Obligations of the Borrower under the Loan Documents, in the case of the L/C Cash Collateral Account, such amount, if any, as is then on deposit in the L/C Cash Collateral Account, in each case Account to the extent permitted to be released under the terms of the Credit Agreement.
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Release of Amounts. So long as no Event of Default shall have occurred and be continuing, the Collateral Agent will pay and release release, or direct the applicable Pledged Account Bank to pay and release, to the Borrower or the relevant Grantor or at the Borrower’s its order or, at the request of the Borrower, to the Collateral Administrative Agent to be applied to the Obligations of the Borrower under the Table of Contents Loan Documents, such amount, if any, as is then on deposit in the Collateral Account or the L/C Cash Collateral Account, as the case may be, in each case to the extent permitted to be released under the terms of the Credit Agreement.
Appears in 1 contract
Samples: Security Agreement (Leap Wireless International Inc)
Release of Amounts. So long as no Event of Default ------------------ shall have occurred and be continuing, the Collateral Agent will will, at the request of the Borrower, pay and release to the Borrower or the relevant Grantor or at the Borrower’s its order or, at the request of the Borrower, to the Collateral Administrative Agent to be applied to the Obligations of the Borrower under the Loan Documents, such amount, if any, as is then on deposit in the L/C Cash Collateral Account, in each case Account to the extent permitted to be released under the terms of the Credit Agreement.
Appears in 1 contract
Samples: Security Agreement (Amf Bowling Inc)
Release of Amounts. So long as no Event of Default shall have ------------------------------ occurred and be continuingcontinuing and there are no unpaid Obligations under the Loan Documents, the Collateral Agent will pay and release to the Borrower or the relevant Grantor or at the Borrower’s its order or, at the request of the Borrower, to the Collateral Agent to be applied to the Obligations of the Borrower under the Loan Documents, such amount, if any, as is then on deposit in the L/C Cash Collateral Account, in each case Account to the extent permitted to be released under the terms of the Credit Agreement.
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Release of Amounts. So long as no Event of Default shall have occurred and be continuing, the Collateral Agent will pay and release to the Borrower or the relevant Grantor or at the Borrower’s order or, at the request of the Borrower, to the Collateral Agent to be applied to the Obligations of the Borrower under the Loan Documents, such amount, if any, as is then on deposit in the L/C Cash Collateral Account, in each case to the extent permitted to be released under the terms of the Credit Agreement.
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Release of Amounts. So long as no Event of Default shall have occurred and be continuing, the Collateral Agent will pay and release to the Applicable Borrower or the relevant Grantor or at the Borrower’s its order or, at the request of the Applicable Borrower, to the Collateral Administrative Agent to be applied to the Obligations of the Borrower Grantors under the Loan Documents, such amount, if any, as is then on deposit in the L/C Cash Collateral Account, in each case Account to the extent permitted to be released under the terms of the Credit Agreement.
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Release of Amounts. So long as no Event of Default shall have occurred and be continuing, the Collateral Agent will shall direct the applicable Collateral Bank to pay and release to the Borrower or the relevant Grantor or at the Borrower’s its order or, at the request of the Borrower, to the Collateral Administrative Agent to be applied to the Obligations of the Borrower under the Loan Documents, such amount, if any, as is then on deposit in the L/C Cash Collateral Account, in each as the case may be, to the extent permitted to be released under the terms of the Second Amended Credit Agreement.
Appears in 1 contract
Release of Amounts. So long as no Event of Default shall have occurred and be continuing, the Collateral Agent will pay and release release, or direct the applicable Pledged Account Bank to pay and release, to the Borrower or the relevant Grantor or at the Borrower’s its order or, at the request of the Borrower, to the Collateral Administrative Agent to be applied to the Obligations of the Borrower under the Loan Documents, such amount, if any, as is then on deposit in the Collateral Account or the L/C Cash Collateral Account, as the case may be, in each case to the extent permitted to be released under the terms of the Credit Agreement.
Appears in 1 contract
Samples: Security Agreement (Leap Wireless International Inc)