Common use of Termination of Requirement Clause in Contracts

Termination of Requirement. Cash Collateral (or the appropriate portion thereof) provided to reduce the L/C Issuer’s Fronting Exposure shall no longer be required to be held as Cash Collateral pursuant to this Section 2.15(c) following (i) the elimination of the applicable Fronting Exposure (including by the termination of Defaulting Lender status of the applicable Lender), or (ii) the determination by the Administrative Agent and the L/C Issuer that there exists excess Cash Collateral; provided that, subject to Section 2.14, the Person providing Cash Collateral and the L/C Issuer may agree that Cash Collateral shall be held to support future anticipated Fronting Exposure or other obligation.

Appears in 5 contracts

Samples: Credit Agreement (LTC Properties Inc), Credit Agreement (LTC Properties Inc), Credit Agreement (LTC Properties Inc)

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Termination of Requirement. Cash Collateral (or the appropriate portion thereof) provided to reduce the any L/C Issuer’s Fronting Exposure shall no longer be required to be held as Cash Collateral pursuant to this Section 2.15(c1.7(c) following (iA) the elimination of the applicable Fronting Exposure (including by the termination of Defaulting Lender status of the applicable Lender), or (iiB) the determination by the Administrative Agent and the each L/C Issuer that there exists excess Cash Collateral; provided that, subject to Section 2.14, that the Person providing Cash Collateral and the each L/C Issuer may agree that Cash Collateral shall be held to support future anticipated Fronting Exposure or other obligationobligations.

Appears in 5 contracts

Samples: Credit Agreement (Arthur J. Gallagher & Co.), Multicurrency Credit Agreement (Gallagher Arthur J & Co), Multicurrency Credit Agreement

Termination of Requirement. Cash Collateral (or the appropriate portion thereof) provided to reduce the any L/C Issuer’s Fronting Exposure shall no longer be required to be held as Cash Collateral pursuant to this Section 2.15(c) 8.8 following (i) the elimination of the applicable Fronting Exposure (including by the termination of Defaulting Lender status of the applicable Lender), or (ii) the determination by the Administrative Agent and the L/C Issuer that there exists excess Cash Collateral; provided that, subject to Section 2.148.7, the Person providing Cash Collateral and the L/C Issuer may agree that Cash Collateral shall be held to support future anticipated Fronting Exposure or other obligationobligations and provided further that to the extent that such Cash Collateral was provided by Borrowers, such Cash Collateral shall remain subject to the security interest granted pursuant to the Loan Documents.

Appears in 4 contracts

Samples: Assignment and Assumption (McBc Holdings, Inc.), Credit and Guaranty Agreement (McBc Holdings, Inc.), Credit and Guaranty Agreement (McBc Holdings, Inc.)

Termination of Requirement. Cash Collateral (or the appropriate portion thereof) provided to reduce the L/C Issuer’s Fronting Exposure or other obligations shall no longer be required to be held as Cash Collateral pursuant to this Section 2.15(c) 2.21 following (i) the elimination of the applicable Fronting Exposure or other obligations giving rise thereto (including by the termination of Defaulting Lender status of the applicable Lender), or (ii) the determination by the Administrative Agent and the each L/C Issuer that there exists excess Cash Collateral; provided that, subject to Section 2.142.22, the Person providing Cash Collateral and the each L/C Issuer may agree that Cash Collateral shall be held to support future anticipated Fronting Exposure or other obligationobligations.

Appears in 4 contracts

Samples: Credit Agreement (FirstCash Holdings, Inc.), Credit Agreement (Firstcash, Inc), Credit Agreement (First Cash Financial Services Inc)

Termination of Requirement. Cash Collateral (or the appropriate portion thereof) provided to reduce the one or more L/C Issuer’s Fronting Exposure shall no longer be required to be held as Cash Collateral pursuant to this Section 2.15(c2.03(g) following (iA) the elimination of the applicable Fronting Exposure (including by the termination of Defaulting Lender status of the applicable Lender), or (iiB) the determination by the Administrative Agent and the applicable L/C Issuer Issuer(s) that there exists excess Cash Collateral; provided that, subject to Section 2.14, 2.15 the Person providing Cash Collateral and the L/C Issuer Issuers may agree that Cash Collateral shall be held to support future anticipated Fronting Exposure or other obligationobligations.

Appears in 3 contracts

Samples: Credit Agreement (Qep Resources, Inc.), Credit Agreement (QEP Midstream Partners, LP), Credit Agreement (QEP Midstream Partners, LP)

Termination of Requirement. Cash Collateral (or the appropriate portion thereof) provided to reduce the any L/C Issuer’s Fronting Exposure shall no longer be required to be held as Cash Collateral pursuant to this Section 2.15(c9.4(c) following (iA) the elimination of the applicable Fronting Exposure (including by the termination of Defaulting Lender status of the applicable Lender), or (iiB) the determination by the Administrative Agent and the L/C Issuer that there exists excess Cash Collateral; provided that, subject to Section 2.14, 1.15 the Person providing Cash Collateral and the L/C Issuer may agree that Cash Collateral shall be held to support future anticipated Fronting Exposure or other obligationobligations.

Appears in 3 contracts

Samples: Credit Agreement (Boulder Brands, Inc.), Credit Agreement (Boulder Brands, Inc.), Credit Agreement (Smart Balance, Inc.)

Termination of Requirement. Cash Collateral (or the appropriate portion thereof) provided to reduce the L/C Letter of Credit Issuer’s Fronting Exposure shall no longer be required to be held as Cash Collateral pursuant to this Section 2.15(c) 4.3 following (i) the elimination of the applicable Fronting Exposure (including by the termination of Defaulting Lender status of the applicable Lender), or (ii) the determination by the Administrative Agent and the L/C Letter of Credit Issuer that there exists excess Cash Collateral; provided that, subject to Section 2.144.2, the Person providing Cash Collateral Collateral, and the L/C Letter of Credit Issuer may agree that Cash Collateral shall be held to support future anticipated Fronting Exposure or other obligationobligations.

Appears in 3 contracts

Samples: Credit Agreement (Lincoln Electric Holdings Inc), Credit Agreement (Lincoln Electric Holdings Inc), Credit Agreement (Lincoln Electric Holdings Inc)

Termination of Requirement. Cash Collateral (or the appropriate portion thereof) provided to reduce the L/C any Issuer’s Fronting Exposure shall no longer be required to be held as Cash Collateral pursuant to this Section 2.15(c) 5.16 following (i) the elimination of the applicable Fronting Exposure (including by the termination of Defaulting Lender status of the applicable Lender), or (ii) the determination by the Administrative Agent and the L/C each Issuer that there exists excess Cash Collateral; provided that, subject to Section 2.14, 5.15 the Person providing Cash Collateral and the L/C each Issuer may agree that Cash Collateral shall be held to support future anticipated Fronting Exposure or other obligationobligations.

Appears in 3 contracts

Samples: Credit Agreement (Ingram Micro Inc), Credit Agreement (Ingram Micro Inc), Credit Agreement (Ingram Micro Inc)

Termination of Requirement. Cash Collateral (or the appropriate portion thereof) provided to reduce the L/C Issuerany Issuing Lender’s Fronting Exposure shall no longer be required to be held as Cash Collateral pursuant to this Section 2.15(c) released promptly [Access MLP Operating Credit Agreement] following (i) the elimination of the applicable Fronting Exposure (including by the termination of Defaulting Lender status of the applicable Lender), or (ii) the determination by the Administrative Agent and the L/C Issuer that there exists excess Cash Collateral; provided that, subject to Section 2.14, 3.17 the Person providing Cash Collateral and the L/C Issuer Issuing Lender or Swing Line Lender, as applicable, may agree that Cash Collateral shall be held to support future anticipated Fronting Exposure or other obligationobligations.

Appears in 2 contracts

Samples: Credit Agreement, Credit Agreement (Access Midstream Partners Lp)

Termination of Requirement. Cash Collateral (or the appropriate portion thereof) provided to reduce the any L/C Issuer’s Fronting Exposure shall no longer be required to be held as Cash Collateral pursuant to this Section 2.15(c1.17(c) following (iA) the elimination of the applicable Fronting Exposure (including by the termination of Defaulting Lender status of the applicable Lender), or (iiB) the determination by the Administrative Agent and the each L/C Issuer that there exists excess Cash Collateral; provided that, subject to Section 2.141.16, the Person providing Cash Collateral and the each L/C Issuer may agree that Cash Collateral shall be held to support future anticipated Fronting Exposure or other obligationobligations.

Appears in 2 contracts

Samples: Credit Agreement (CTS Corp), Credit Agreement (CTS Corp)

Termination of Requirement. Cash Collateral (or the appropriate portion thereof) provided to reduce the L/C Issuer’s Fronting Exposure of the Swingline Lender shall no longer be required to be held as Cash Collateral pursuant to this Section 2.15(c) following (i) the elimination of the applicable Fronting Exposure (including by the termination of Defaulting Lender status of the applicable Lender), or (ii) the determination by the Administrative Agent and the L/C Issuer Swingline Lender that there exists excess Cash Collateral; provided that, subject to Section 2.142.24, the Person providing Cash Collateral and the L/C Issuer Swingline Lender may agree that Cash Collateral shall be held to support future anticipated Fronting Exposure or other obligationobligations.

Appears in 1 contract

Samples: Credit Agreement (South Carolina Electric & Gas Co)

Termination of Requirement. Cash Collateral (or the appropriate portion thereof) provided to reduce the L/C IssuerIssuing Bank’s Fronting Exposure shall no longer be required to be held as Cash Collateral pursuant to this Section 2.15(c) following (i) the elimination of the applicable Fronting Exposure (including by the termination of Defaulting Lender status of the applicable Lender), or (ii) the determination by the Administrative Agent and the L/C Issuer each Issuing Bank that there exists excess Cash Collateral; provided that, subject to Section 2.14, 2.19 the Person providing Cash Collateral and the L/C Issuer each Issuing Bank may agree that Cash Collateral shall be held to support future anticipated Fronting Exposure or other obligationobligations.

Appears in 1 contract

Samples: Credit Agreement (Home Properties Inc)

Termination of Requirement. Cash Collateral (or the appropriate portion thereof) provided to reduce the any L/C Issuer’s Fronting Exposure shall no longer be required to be held as Cash Collateral pursuant to this Section 2.15(c2.13(c) following (iA) the elimination of the applicable Fronting Exposure (including by the termination of Defaulting Lender status of the applicable Lender), or (iiB) the determination by the Administrative Agent and the each L/C Issuer that there exists excess Cash Collateral; provided that, subject to Section 2.14, unless the Person providing Cash Collateral and the each L/C Issuer may agree agrees that Cash Collateral shall be held to support future anticipated Fronting Exposure or other obligationobligations, such Cash Collateral shall be immediately returned to such Person.

Appears in 1 contract

Samples: Credit Agreement (Neutral Tandem Inc)

Termination of Requirement. Cash Collateral (or the appropriate portion thereof) provided to reduce the L/C Issuerany Issuing Lender’s Fronting Exposure shall no longer be required to be held as Cash Collateral pursuant to this Section 2.15(c) following (i) the elimination of the applicable Fronting Exposure (including by the termination of Defaulting Lender status of the applicable Lender), or (ii) the determination by the Administrative Agent and the L/C Issuer each Issuing Lender that there exists excess Cash Collateral; provided that, subject to Section 2.14, 2.6 the Person providing Cash Collateral and the L/C Issuer each Issuing Lender may agree that Cash Collateral shall be held to support future anticipated Fronting Exposure or other obligationobligations.

Appears in 1 contract

Samples: Credit Agreement (Infrastructure & Energy Alternatives, Inc.)

Termination of Requirement. Cash Collateral (or the appropriate portion thereof) provided to reduce the L/C an LC Issuer’s Fronting Exposure shall no longer be required to be held as Cash Collateral pursuant to this Section 2.15(c2.22(d) following (i) the elimination of the applicable Fronting Exposure (including by the termination of Defaulting Lender status of the applicable Lender), or (ii) the determination by the Administrative Agent and the L/C Issuer LC Issuers that there exists excess Cash Collateral; provided that, subject to this Section 2.14, 2.22 the Person providing Cash Collateral and the L/C Issuer LC Issuers may agree that Cash Collateral shall be held to support future anticipated Fronting Exposure or other obligationobligations.

Appears in 1 contract

Samples: Credit Agreement (Plexus Corp)

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Termination of Requirement. Cash Collateral (or the appropriate portion thereof) provided to reduce the L/C LC Issuer’s Fronting Exposure shall no longer be required to be held as Cash Collateral pursuant to this Section 2.15(c) 6.14.4 following (i) the elimination of the applicable Fronting Exposure (including by the termination of Defaulting Lender status of the applicable Lender), or (ii) the determination by the Administrative Agent and the L/C LC Issuer that there exists excess Cash Collateral; provided that, subject to this Section 2.14, 6.14 the Person providing Cash Collateral and the L/C LC Issuer may agree that Cash Collateral shall be held to support future anticipated Fronting Exposure or other obligation.obligations and provided further, such Cash Collateral shall remain subject to the security interest granted pursuant to the Loan Documents. 6.15

Appears in 1 contract

Samples: Loan Agreement (Lithia Motors Inc)

Termination of Requirement. Cash Collateral (or the appropriate portion thereof) provided to reduce the L/C Issuer’s Fronting Exposure or to secure other obligations shall no longer be required to be held as Cash Collateral pursuant to this Section 2.15(c) released promptly following (i) the elimination of the applicable Fronting Exposure or other obligations giving rise thereto (including by the termination of Defaulting Lender status of the applicable LenderLender (or, as appropriate, its assignee following compliance with Section 10.4(b)(vii), )) or (ii) the determination by the Administrative Agent and the L/C Issuer that there exists excess Cash Collateral; provided that, subject to this Section 2.142.10, the Person providing Cash Collateral and the L/C Issuer may agree that Cash Collateral shall be held to support future anticipated Fronting Exposure or other obligationobligations.

Appears in 1 contract

Samples: Credit Agreement (Synchronoss Technologies Inc)

Termination of Requirement. Cash Collateral (or the appropriate portion thereof) provided to reduce the L/C LC Issuer’s Fronting Exposure shall no longer be required to be held as Cash Collateral pursuant to this Section 2.15(c) 6.14.4 following (i) the elimination of the applicable Fronting Exposure (including by the termination of Defaulting Lender status of the applicable Lender), or (ii) the determination by the Administrative Agent and the L/C LC Issuer that there exists excess Cash Collateral; provided that, subject to this Section 2.14, 6.14 the Person providing Cash Collateral and the L/C LC Issuer may agree that Cash Collateral shall be held to support future anticipated Fronting Exposure or other obligation.obligations and provided further, such 103 115525625.4 0063724-00082

Appears in 1 contract

Samples: Loan Agreement (Lithia Motors Inc)

Termination of Requirement. Cash Collateral (or the appropriate portion thereof) provided to reduce the any L/C Issuer’s Fronting Exposure shall no longer be required to be held as Cash Collateral pursuant to this Section 2.15(c) 2.13 following (iA) the elimination of the applicable Fronting Exposure (including by the termination of Defaulting Lender status of the applicable Lender), or (iiB) the determination by the Administrative Agent and the each L/C Issuer that there exists excess Cash Collateral; provided that, subject to Section 2.142.12, the Person providing Cash Collateral and the each L/C Issuer may agree that Cash Collateral shall be held to support future anticipated Fronting Exposure or other obligationobligations.

Appears in 1 contract

Samples: Credit Agreement (Hub Group, Inc.)

Termination of Requirement. Cash Collateral (or the appropriate portion thereof) provided to reduce the L/C Issuer’s Fronting Exposure shall no longer be required to be held as Cash Collateral pursuant to this Section 2.15(c2.03(g) following (iA) the elimination of the applicable Fronting Exposure (including by the termination of Defaulting Lender status of the applicable Lender), or (iiB) the determination by the Administrative Agent and the L/C Issuer that there exists excess Cash Collateral; provided that, subject to Section 2.14, 2.16 the Person providing Cash Collateral and the L/C Issuer may agree that Cash Collateral shall be held to support future anticipated Fronting Exposure or other obligationobligations.

Appears in 1 contract

Samples: Credit Agreement (Qep Resources, Inc.)

Termination of Requirement. Cash Collateral (or the appropriate portion thereof) provided to reduce the L/C Issuer’s any Issuing Bank's Fronting Exposure shall no longer be required to be held as Cash Collateral pursuant to this Section 2.15(c) 2.11 following (i) the elimination of the applicable Fronting Exposure (including by the termination of Defaulting Lender status of the applicable Lender), or (ii) the determination by the Administrative Agent and the L/C Issuer each Issuing Bank that there exists excess Cash Collateral; provided that, subject to this Section 2.14, 2.11 the Person providing Cash Collateral and the L/C Issuer each Issuing Bank may agree that Cash Collateral shall be held to support future anticipated Fronting Exposure or other obligation.obligations. (e)

Appears in 1 contract

Samples: Credit Agreement (Agco Corp /De)

Termination of Requirement. Cash Collateral (or the appropriate portion thereof) provided to reduce the L/C LC Issuer’s Fronting Exposure shall no longer be required to be held as Cash Collateral pursuant to this Section 2.15(c2.22(d) following (iA) the elimination of the applicable Fronting Exposure (including by the termination of Defaulting Lender status of the applicable Lender), or (iiB) the determination by the Administrative Agent and the L/C LC Issuer that there exists excess Cash Collateral; provided that, subject to this Section 2.14, 2.22 the Person providing Cash Collateral and the L/C LC Issuer may agree that Cash Collateral shall be held to support future anticipated Fronting Exposure or other obligationobligations.

Appears in 1 contract

Samples: Credit Agreement (Henry Jack & Associates Inc)

Termination of Requirement. Cash Collateral (or the appropriate portion thereof) provided to reduce the any L/C Issuer’s Fronting Exposure shall no longer be required to be held as Cash Collateral pursuant to this Section 2.15(c10.14(c) following (i) the elimination of the applicable Fronting Exposure (including by the termination of Defaulting Lender status of the applicable Lender), or (ii) the determination by the Administrative Agent and the each L/C Issuer that there exists excess Cash Collateral; provided that, subject to Section 2.14, the Person providing Cash Collateral and the each L/C Issuer may agree that Cash Collateral shall be held to support future anticipated Fronting Exposure or other obligationobligations.

Appears in 1 contract

Samples: Credit Agreement (Health Management Associates Inc)

Termination of Requirement. Cash Collateral (or the appropriate portion thereof) provided to reduce the an L/C Issuer’s Fronting Exposure shall no longer be required to be held as Cash Collateral pursuant to this Section 2.15(c) 1.17 following (iA) the elimination of the applicable Fronting Exposure (including by the termination of Defaulting Lender status of the applicable Lender), or (iiB) the determination by the Administrative Agent and the applicable L/C Issuer that there exists excess Cash Collateral; provided that, subject to Section 2.14, that the Person providing Cash Collateral and the applicable L/C Issuer may agree that Cash Collateral shall be held to support future anticipated Fronting Exposure or other obligation.anticipated

Appears in 1 contract

Samples: Credit Agreement (Jones Lang Lasalle Inc)

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