Release of Amounts. Upon the drawing of any Letter of Credit for which funds are on deposit in the L/C Cash Collateral Account, such funds shall be applied to reimburse the Issuing Bank or the Revolving Credit Lenders, as applicable, as provided in the Credit Agreement.
Appears in 3 contracts
Samples: Credit Agreement (Audio Book Club Inc), Security Agreement (Audio Book Club Inc), Security Agreement (Mediabay Inc)
Release of Amounts. Upon the drawing of any Letter of Credit for which funds are on deposit in the L/C Cash Collateral Account, such funds shall be applied to reimburse the Issuing Bank or the Revolving Credit Lenders, as applicable, as provided in the Credit Agreement.
Appears in 1 contract
