Supplemental Letters of Credit. If LC Party fails to cause the issuance of any Supplemental Letter of Credit as required pursuant to Section 1(d) hereof, then Beneficiary shall, in addition to all other rights and remedies available at law or equity, have the right to draw the full amount of the then issued and outstanding Letters of Credit.
Appears in 2 contracts
Samples: Letter of Credit Agreement (Nationwide Health Properties Inc), Letter of Credit Agreement (Balanced Care Corp)
Supplemental Letters of Credit. If LC Party fails to cause the issuance of any Supplemental Letter of Credit as required pursuant to Section 1(dl(d) hereof, then Beneficiary shall, in addition to all other rights and remedies available at law or equity, have the right to draw the full amount of the then issued and outstanding Letters of Credit, which amount shall be held as a cash security deposit under the Lease.
Appears in 1 contract
Samples: Purchase and Sale Agreement (Radiation Therapy Services Holdings, Inc.)
Supplemental Letters of Credit. If LC Party fails to cause the issuance of any Supplemental Letter of Credit as required pursuant to Section 1(d) hereof, then Beneficiary shall, in addition to all other rights and remedies available at law or equity, have the right to draw the full amount of the then issued and outstanding Letters of Credit, which amount shall be held as a cash security deposit under the Lease.
Appears in 1 contract
Samples: Letter of Credit Agreement (Radiation Therapy Services Holdings, Inc.)
