Common use of Release of Cover Clause in Contracts

Release of Cover. If, on the date of such determination, the amount of the cover provided by the Borrowers pursuant to Section 2.10(c)(ii)(B) and then held by the Administrative Agent exceeds the Excess (such excess, a “Refundable Excess”) on such date (or if such Excess is less than or equal to zero), and no Default has occurred and is continuing, the Administrative Agent shall, if requested by GEO, within three Business Days following the Administrative Agent’s receipt of such request, return to the Borrowers the amount of the Refundable Excess (or, if the Excess is less than or equal to zero, the full amount of such cover).

Release of Cover. If, on the date of such determination, the amount of the cover provided by the Borrowers Borrower pursuant to Section 2.10(c)(ii)(Bthe preceding paragraph (ii)(B) and then held by the Administrative Agent exceeds the the Excess (such excess, a “Refundable Excess”) on such date (or if such Excess is less than or equal to zero), and no Default has occurred and is continuing, the Administrative Agent shall, if requested by GEOthe Borrower, within three Business Days following the Administrative Agent’s receipt of such request, return to the Borrowers Borrower the amount of the Refundable Excess (or, if the Excess is less than or equal to zero, the full amount of such cover).