Common use of Termination of Requirement Clause in Contracts

Termination of Requirement. Cash Collateral (or the appropriate portion thereof) provided to reduce the Issuing Lender’s Fronting Exposure shall no longer be required to be held as Cash Collateral pursuant to this Section 5.14 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 Issuing Lender that there exists excess Cash Collateral; provided that, subject to Section

Appears in 5 contracts

Samples: Credit Agreement (New Jersey Resources Corp), Credit Agreement (New Jersey Resources Corp), Credit Agreement (New Jersey Resources Corp)

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Termination of Requirement. Cash Collateral (or the appropriate portion thereof) provided to reduce the Issuing Lender’s Fronting Exposure of any Issuing Lender and/or the Swingline Lender, as applicable, shall no longer be required to be held as Cash Collateral pursuant to this Section 5.14 2.19 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 Agent, the Issuing Lenders and the Issuing Swingline Lender that there exists excess Cash Collateral; provided that, subject to Section.

Appears in 4 contracts

Samples: Credit Agreement (Silgan Holdings Inc), Credit Agreement (Silgan Holdings Inc), Credit Agreement (Silgan Holdings Inc)

Termination of Requirement. Cash Collateral (or the appropriate portion thereof) provided to reduce the Issuing Lender’s Fronting Exposure shall no longer be required to be held as Cash Collateral pursuant to this Section 5.14 5.12 [Cash Collateral] 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 Issuing Lender that there exists excess Cash Collateral; provided that, subject to Section

Appears in 3 contracts

Samples: Credit Agreement (Chesapeake Utilities Corp), Credit Agreement (Chesapeake Utilities Corp), Revolving Credit Facility Agreement (Chesapeake Utilities Corp)

Termination of Requirement. Cash Collateral (or the appropriate portion thereof) provided to reduce the Issuing Lenderany L/C Issuer’s Fronting Exposure shall no longer be required to be held as Cash Collateral pursuant to this Section 5.14 2.03(h) 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 Issuing Lender each L/C Issuer that there exists excess Cash Collateral; provided that, subject to Section.

Appears in 3 contracts

Samples: Credit Agreement (Patterson Uti Energy Inc), Credit Agreement (Patterson Uti Energy Inc), Credit Agreement (Patterson Uti Energy Inc)

Termination of Requirement. Cash Collateral (or the appropriate portion thereof) provided to reduce the Issuing Lenderany L/C Issuer’s Fronting Exposure shall no longer be required to be held as Cash Collateral pursuant to this Section 5.14 1.11 following (i) the elimination of the applicable Fronting Exposure (including by the termination of Defaulting Lender status of the applicable LenderBank), or (ii) the determination by the Administrative Agent and the Issuing Lender each L/C Issuer that there exists excess Cash Collateral; provided that, subject to Section.

Appears in 3 contracts

Samples: Credit Agreement (Sanderson Farms Inc), Credit Agreement (Sanderson Farms Inc), Credit Agreement (Sanderson Farms Inc)

Termination of Requirement. Cash Collateral (or the appropriate portion thereof) provided to reduce the Issuing LenderBank’s Fronting Exposure shall no longer be required to be held as Cash Collateral pursuant to this Section 5.14 12.07(e) 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 Issuing Lender Bank that there exists excess Cash Collateral; provided that, subject to Section

Appears in 3 contracts

Samples: Credit Agreement (Earthstone Energy Inc), Credit Agreement (Earthstone Energy Inc), Credit Agreement (Earthstone Energy Inc)

Termination of Requirement. Cash Collateral (or the appropriate portion thereof) provided to reduce the Issuing Lender’s Fronting Exposure shall no longer be required to be held as Cash Collateral pursuant to this Section 5.14 2.22 (and shall be promptly returned, including any interest thereon) following (i) the elimination of the applicable Fronting Exposure 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 Issuing Lender applicable Issuer or Swingline Lender, respectively, that there exists excess Cash Collateral; provided that, subject to Section.

Appears in 2 contracts

Samples: Fourth Amendment to Second Amended and Restated Credit Agreement (Baltimore Gas & Electric Co), Credit Agreement (Pepco Holdings Inc)

Termination of Requirement. Cash Collateral (or the appropriate portion thereof) provided to reduce the Issuing Lenderany L/C Issuer’s Fronting Exposure shall no longer be required to be held as Cash Collateral pursuant to this Section 5.14 1.11 following (iA) the elimination of the applicable Fronting Exposure (including by the termination of Defaulting Lender status of the applicable LenderBank), or (iiB) the determination by the Administrative Agent and the Issuing Lender each L/C Issuer that there exists excess Cash Collateral; provided that, subject to Section.

Appears in 2 contracts

Samples: Credit Agreement (Sanderson Farms Inc), Credit Agreement (Sanderson Farms Inc)

Termination of Requirement. Cash Collateral (or the appropriate portion thereof) provided to reduce the Issuing Lenderany Issuer’s Fronting Exposure shall no longer be required to be held as Cash Collateral pursuant to this Section 5.14 2.19 following (i) the elimination of the applicable Fronting Exposure (including by the termination of Defaulting Lender status of the applicable LenderLender in accordance with Section 2.20(d)), or (ii) the determination by the Administrative Agent and the Issuing Lender each Issuer that there exists excess Cash Collateral; provided that, subject to Section

Appears in 2 contracts

Samples: Credit Agreement (Agilon Health, Inc.), Credit Agreement (Agilon Health, Inc.)

Termination of Requirement. Cash Collateral (or the appropriate portion thereof) provided to reduce the Issuing LenderBank’s Fronting Exposure shall no longer be required to be held as Cash Collateral pursuant to this Section 5.14 2.25 following (i) the elimination of the applicable Fronting Exposure that gave rise to the requirement to provide (including by the termination of Defaulting Lender status of the applicable Lender), but not with respect to any other Fronting Exposure or (ii) the determination by the Administrative Agent and the Issuing Lender Bank that there exists excess Cash Collateral; provided that, subject to Section.

Appears in 1 contract

Samples: Amendment Agreement (Radiation Therapy Services Holdings, Inc.)

Termination of Requirement. Cash Collateral (or the appropriate portion thereof) provided to reduce the Issuing Lender’s Banks’ Fronting Exposure shall no longer be required to be held as Cash Collateral pursuant to this Section 5.14 2.4 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 Issuing Lender Banks that there exists excess Cash Collateral; provided that, subject to Section.

Appears in 1 contract

Samples: Credit and Guaranty Agreement

Termination of Requirement. Cash Collateral (or the appropriate portion thereof) provided to reduce the Issuing LenderBank’s Fronting Exposure shall no longer be required to be held as Cash Collateral pursuant to this Section 5.14 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 Issuing Lender that there exists excess Cash Collateral; provided that, subject to Section2.15 following:

Appears in 1 contract

Samples: Credit Agreement (Heritage Insurance Holdings, Inc.)

Termination of Requirement. Cash Collateral (or the appropriate portion thereof) provided to reduce the any Issuing Lender’s Fronting Exposure shall no longer be required to be held as Cash Collateral pursuant to this Section 5.14 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 Issuing Lender that there exists excess Cash Collateral; provided that, subject to Section

Appears in 1 contract

Samples: Refinancing Credit Agreement (Westinghouse Air Brake Technologies Corp)

Termination of Requirement. Cash Collateral (or the appropriate portion thereof) provided to reduce any Issuing Bank’s or the Issuing Swing Line Lender’s Fronting Exposure or applied to any such Defaulting Lender’s obligations to fund participations in respect of Protective Advances shall no longer be required to be held as Cash Collateral pursuant to this Section 5.14 following 2.19 following (ia) 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 Issuing Lender that there exists excess Cash Collateral; provided that, subject to Section,

Appears in 1 contract

Samples: Abl Revolving Credit Agreement (Petco Health & Wellness Company, Inc.)

Termination of Requirement. Cash Collateral (or the appropriate portion thereof) provided to reduce the Issuing LenderBank’s Fronting Exposure shall no longer be required to be held as Cash Collateral pursuant to this Section 5.14 2.19 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 116 Revolving Credit and the Issuing Lender that there exists excess Cash Collateral; provided that, subject to SectionTerm Loan Agreement

Appears in 1 contract

Samples: Senior Secured Revolving Credit Agreement (Nuveen Churchill Direct Lending Corp.)

Termination of Requirement. Cash Collateral (or the appropriate portion thereof) provided to reduce the Issuing LenderBank’s Fronting Exposure shall no longer be required to be held as Cash Collateral pursuant to this Section 5.14 2.24 following (i) the elimination of the applicable Fronting Exposure that gave rise to the requirement to provide (including by the termination of Defaulting Lender status of the applicable Lender), but not with respect to any other Fronting Exposure or (ii) the determination by the Administrative Agent and the Issuing Lender Bank that there exists excess Cash Collateral; provided that, subject to Section.

Appears in 1 contract

Samples: Credit Agreement (Radiation Therapy Services Holdings, Inc.)

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Termination of Requirement. Cash Collateral (or the appropriate portion thereof) provided to reduce any Issuing Bank’s or the Issuing Swing Line Lender’s Fronting Exposure shall no longer be required to be held as Cash Collateral pursuant to this Section 5.14 2.20 following (iA) 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 Issuing Lender that there exists excess Cash Collateral; provided that, subject to Section

Appears in 1 contract

Samples: Credit Agreement (Savers Value Village, Inc.)

Termination of Requirement. Cash Collateral (or the appropriate portion thereof) provided to reduce the Issuing Lender’s any Issuer's Fronting Exposure shall no longer be required to be held as Cash Collateral pursuant to this Section 5.14 1.19 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 Issuing Lender each Issuer that there exists excess Cash Collateral; provided that, subject to Section

Appears in 1 contract

Samples: Credit Agreement (Auxilio Inc)

Termination of Requirement. Cash Collateral (or the appropriate portion thereof) provided to reduce the Issuing Lender’s Fronting Exposure shall no longer be required to be held as Cash Collateral pursuant to this Section 5.14 5.12 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 Issuing Lender that there exists excess Cash Collateral; provided that, subject to Section

Appears in 1 contract

Samples: Credit Agreement (Erie Indemnity Co)

Termination of Requirement. Cash Collateral (or the appropriate portion thereof) provided to reduce the Issuing Lenderany Issuer’s Fronting Exposure shall no longer be required to be held as Cash Collateral pursuant to this Section 5.14 4.13 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 Issuing Lender each Issuer that there exists excess Cash Collateral; provided that, subject to Section

Appears in 1 contract

Samples: Credit Agreement

Termination of Requirement. Cash Collateral (or the appropriate portion thereof) provided to reduce the Issuing Lender’s Fronting Exposure shall no longer be required to be held as Cash Collateral pursuant to this Section 5.14 5.13 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 Issuing Lender that there exists excess Cash Collateral; provided that, subject to Section

Appears in 1 contract

Samples: Credit Agreement (Crocs, Inc.)

Termination of Requirement. Cash Collateral (or the appropriate portion thereof) provided to reduce the Issuing LenderBank’s Fronting Exposure shall no longer be required to be held as Cash Collateral pursuant to this Section 5.14 2.22 following (i) the elimination of the applicable Fronting Exposure that gave rise to the requirement to provide (including by the termination of Defaulting Lender status of the applicable Lender), but not with respect to any other Fronting Exposure or (ii) the determination by the Administrative Agent and the Issuing Lender Bank that there exists excess Cash Collateral; provided that, subject to Section.

Appears in 1 contract

Samples: Credit Agreement (Radiation Therapy Services Holdings, Inc.)

Termination of Requirement. Cash Collateral (or the appropriate portion thereof) provided to reduce the Issuing Lenderan L/C Issuer’s Fronting Exposure shall no longer be required to be held as Cash Collateral pursuant to this Section 5.14 2.13(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 Issuing Lender such L/C Issuer that there exists excess Cash Collateral; provided provided, that, subject to SectionSection 2.15, the Person providing Cash Collateral and the such

Appears in 1 contract

Samples: Credit Agreement (Martin Midstream Partners L.P.)

Termination of Requirement. Cash Collateral (or the appropriate portion thereof) provided to reduce the Issuing LenderBank’s Fronting Exposure shall no longer be required to be held as Cash Collateral pursuant to this Section 5.14 following (i) the elimination of the applicable Fronting Exposure (including by the termination of Defaulting Lender Bank status of the applicable LenderBank), or (ii) the determination by the Administrative Agent and the Issuing Lender Bank that there exists excess Cash Collateral; provided that, subject to Section

Appears in 1 contract

Samples: Revolving Credit Facility (Big Lots Inc)

Termination of Requirement. Cash Collateral (or the appropriate portion thereof) provided to reduce the any Issuing Lender’s Fronting Exposure shall no longer be required to be held as Cash Collateral pursuant to this Section 5.14 2.20 following (i) the elimination of the applicable Fronting Exposure (including by replacement of the Defaulting Lender pursuant to Section 2.18(b) or the termination of Defaulting Lender status of the applicable Lender), or (ii) the determination by the Administrative Agent and the Issuing Lender that there exists excess Cash Collateral; provided that, subject to Sectionor

Appears in 1 contract

Samples: Credit Agreement (Wayne Farms, Inc.)

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