Common use of Termination of Requirement Clause in Contracts

Termination of Requirement. Cash Collateral (or the appropriate portion thereof) provided to reduce the Fronting Exposure of any Issuing Lender and/or any Swingline Lender, as applicable, 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, the Issuing Lenders and the Swingline Lenders that there exists excess Cash Collateral; provided that, subject to Section 5.15, the Person providing Cash Collateral, the Issuing Lenders and the Swingline Lenders may agree that Cash Collateral shall be held to support future anticipated Fronting Exposure or other obligations.

Appears in 6 contracts

Samples: Credit Agreement (Centuri Holdings, Inc.), Credit Agreement (Centuri Holdings, Inc.), Credit Agreement (Southwest Gas Corp)

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Termination of Requirement. Cash Collateral (or the appropriate portion thereof) provided to reduce the Fronting Exposure of any the Issuing Lender Bank and/or any Swingline the Swing Line 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, the Issuing Lenders Bank and the Swingline Lenders Swing Line Lender that there exists excess Cash Collateral; provided that, subject to Section 5.152.20, the Person providing Cash Collateral, the Issuing Lenders Bank and the Swingline Lenders Swing Line Lender may agree that Cash Collateral shall be held to support future anticipated Fronting Exposure or other obligations.

Appears in 5 contracts

Samples: Credit Agreement (National Health Investors Inc), Credit Agreement (National Health Investors Inc), Credit Agreement (National Health Investors Inc)

Termination of Requirement. Cash Collateral (or the appropriate portion thereof) provided to reduce the Fronting Exposure of any the Issuing Lender and/or any the Swingline Lender, as applicable, 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, the Issuing Lenders Lender and the Swingline Lenders Lender that there exists excess Cash Collateral; provided that, subject to Section 5.1514.21, the Person providing Cash Collateral, the Issuing Lenders Lender and the Swingline Lenders Lender may agree that Cash Collateral shall be held to support future anticipated Fronting Exposure or other obligations.

Appears in 4 contracts

Samples: Credit Agreement (Fossil Group, Inc.), Credit Agreement (Fossil Group, Inc.), Credit Agreement (Fossil Group, Inc.)

Termination of Requirement. Cash Collateral (or the appropriate portion thereof) provided to reduce the Fronting Exposure of any Issuing Lender Bank and/or any the Swingline Lender, as applicable, 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, the Issuing Lenders Banks and the Swingline Lenders Lender that there exists excess Cash Collateral; provided that, subject to Section 5.152.24, the Person providing Cash Collateral, the Issuing Lenders Banks and the Swingline Lenders Lender may agree that Cash Collateral shall be held to support future anticipated Fronting Exposure or other obligations.

Appears in 4 contracts

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

Termination of Requirement. Cash Collateral (or the appropriate portion thereof) provided to reduce the Fronting Exposure of any Issuing Lender and/or any the Swingline Lender, as applicable, shall no longer be required to be held as Cash Collateral pursuant to this Section 5.14 5.15 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, the such Issuing Lenders Lender and the Swingline Lenders Lender, as applicable, that there exists excess Cash Collateral; provided that, subject to Section 5.155.16, the Person providing Cash Collateral, the such Issuing Lenders Lender and the Swingline Lenders Lender, as applicable, may agree that Cash Collateral shall be held to support future anticipated Fronting Exposure or other obligations.

Appears in 3 contracts

Samples: Credit Agreement (Blackhawk Network Holdings, Inc), Credit Agreement (Blackhawk Network Holdings, Inc), Credit Agreement (Blackhawk Network Holdings, Inc)

Termination of Requirement. Cash Collateral (or the appropriate portion thereof) provided to reduce the Fronting Exposure of any the Issuing Lender and/or any the Swingline Lender, as applicable, 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 AgentAgent and, to the extent applicable, the Issuing Lenders Lender and the Swingline Lenders Lender that there exists excess Cash Collateral; provided that, subject to Section 5.15, the Person providing Cash Collateral, the Issuing Lenders Lender and the Swingline Lenders Lender may agree that Cash Collateral shall be held to support future anticipated Fronting Exposure or other obligations.

Appears in 3 contracts

Samples: Third Amendment (Jack in the Box Inc /New/), Credit Agreement (Jack in the Box Inc /New/), Credit Agreement (Jack in the Box Inc /New/)

Termination of Requirement. Cash Collateral (or the appropriate portion thereof) provided to reduce the Fronting Exposure of any the Issuing Lender and/or any the Swingline Lender, as applicable, 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, Agent and the Issuing Lenders Lender and the Swingline Lenders Lender that there exists excess Cash Collateral; provided that, subject to Section 5.154.14, the Person providing Cash Collateral, Collateral and the Issuing Lenders Lender and the Swingline Lenders Lender may agree that Cash Collateral shall be held to support future anticipated Fronting Exposure or other obligations.

Appears in 2 contracts

Samples: Credit Agreement (Fastenal Co), Credit Agreement (Fastenal Co)

Termination of Requirement. Cash Collateral (or the appropriate portion thereof) provided to reduce the any Issuing Bank’s and/or Swingline Lender’s Fronting Exposure of any Issuing Lender and/or any Swingline Lender, as applicable, shall no longer be required to be held as Cash Collateral pursuant to this Section 5.14 2.21 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, the Agent and each Issuing Lenders and Bank or the Swingline Lenders Lender, as applicable, that there exists excess Cash Collateral; provided that, subject to Section 5.15, 2.19 the Person providing Cash Collateral, the Collateral and each Issuing Lenders and Bank or the Swingline Lenders Lender, as applicable, may agree that Cash Collateral shall be held to support future anticipated Fronting Exposure or other obligations.

Appears in 2 contracts

Samples: Credit Agreement (Becton Dickinson & Co), Credit Agreement (Becton Dickinson & Co)

Termination of Requirement. Cash Collateral (or the appropriate portion thereof) provided to reduce the Fronting Exposure of any Issuing Lender and/or any the Swingline Lender, as applicable, shall no longer be required to be held as Cash Collateral pursuant to this Section 5.14 4.14 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, the Issuing Lenders and the Swingline Lenders Lender that there exists excess Cash Collateral; provided that, subject to Section 5.154.15, the Person providing Cash Collateral, the Issuing Lenders and the Swingline Lenders Lender may agree that Cash Collateral shall be held to support future anticipated Fronting Exposure or other obligations.

Appears in 2 contracts

Samples: Credit Agreement (Coca-Cola Consolidated, Inc.), Credit Agreement (Coca-Cola Consolidated, Inc.)

Termination of Requirement. Cash Collateral (or the appropriate portion thereof) provided to reduce the Fronting Exposure of any the Issuing Lender and/or any the Swingline Lender, as applicable, shall no longer be required to be held as Cash Collateral pursuant to this Section 5.14 4.14 following (i) the elimination of the event which occasioned the applicable Fronting Exposure (including by the termination of Defaulting Lender status of the applicable Lender), or (ii) the determination by the Administrative Agent, the Issuing Lenders Lender and the Swingline Lenders Lender that there exists excess Cash Collateral; provided that, subject to Section 5.154.15, the Person providing Cash Collateral, the Issuing Lenders Lender and the Swingline Lenders Lender may agree that Cash Collateral shall be held to support future anticipated Fronting Exposure or other obligations.

Appears in 2 contracts

Samples: Loan Agreement (Omega Protein Corp), Loan Agreement (Omega Protein Corp)

Termination of Requirement. Cash Collateral (or the appropriate portion thereof) provided to reduce any LC Issuing Bank’s and/or the Swingline Lender’s Fronting Exposure of any Issuing Lender and/or any Swingline Lender, as applicable, shall no longer be required to be held as Cash Collateral pursuant to this Section 5.14 8.17 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, the each LC Issuing Lenders Bank and the Swingline Lenders Advances that there exists excess Cash Collateral; provided that, subject to Section 5.158.16, the Person providing Cash Collateral, the Collateral and each LC Issuing Lenders Bank and the Swingline Lenders Lender may agree that Cash Collateral shall be held to support future anticipated Fronting Exposure or other obligations.

Appears in 2 contracts

Samples: Credit Agreement (Ohio Power Co), Credit Agreement (Ohio Power Co)

Termination of Requirement. Cash Collateral (or the appropriate portion thereof) provided to reduce the Fronting Exposure of any the Issuing Lender and/or any the Swingline Lender, as applicable, shall no longer be required to be held as Cash Collateral pursuant to this Section 5.14 4.14 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, the Issuing Lenders Lender and the Swingline Lenders Lender that there exists excess Cash Collateral; provided that, subject to Section 5.154.15, the Person providing Cash Collateral, the Issuing Lenders Lender and the Swingline Lenders Lender may agree that Cash Collateral shall be held to support future anticipated Fronting Exposure or other obligations.

Appears in 1 contract

Samples: Credit Agreement (Lmi Aerospace Inc)

Termination of Requirement. Cash Collateral (or the appropriate portion thereof) provided to reduce the Fronting Exposure of any the Issuing Lender and/or any the Swingline Lender, as applicable, 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, the Issuing Lenders Lender and the Swingline Lenders Lender that there exists excess Cash Collateral; provided that, subject to Section 5.15, the Person providing Cash Collateral, the Issuing Lenders Lender and the Swingline Lenders Lender may agree that Cash Collateral shall be held to support future anticipated Fronting Exposure or other obligations.

Appears in 1 contract

Samples: Credit Agreement (Southwest Gas Corp)

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Termination of Requirement. Cash Collateral (or the appropriate portion thereof) provided to reduce the applicable Issuing Bank’s Fronting Exposure of any Issuing Lender and/or any Swingline Lender, as applicable, shall no longer be required to be held as Cash Collateral pursuant to this Section 5.14 2.20 and shall be returned to the Borrower 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, the applicable Issuing Lenders Bank and the Swingline Lenders Swing Line Lender that there exists excess Cash Collateral; provided that, subject to Section 5.15, 2.21 the Person providing Cash Collateral, the applicable Issuing Lenders Bank and the Swingline Lenders Swing Line Lender may agree that Cash Collateral shall be held to support future anticipated Fronting Exposure or other obligations.

Appears in 1 contract

Samples: Credit Agreement (Arch Chemicals Inc)

Termination of Requirement. Cash Collateral (or the appropriate portion thereof) provided to reduce the Fronting Exposure of any Issuing Lender the Letter of Credit Issuer and/or any the Swingline Lender, as applicable, shall no longer be required to be held as Cash Collateral pursuant to this Section 5.14 2.16 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, the Issuing Lenders Letter of Credit Issuer and the Swingline Lenders Lender that there exists excess Cash Collateral; provided that, subject to Section 5.152.17, the Person providing Cash Collateral, the Issuing Lenders Letter of Credit Issuer and the Swingline Lenders Lender may agree that Cash Collateral shall be held to support future anticipated Fronting Exposure or other obligations.

Appears in 1 contract

Samples: Credit Agreement (Sigma Aldrich Corp)

Termination of Requirement. Cash Collateral (or the appropriate portion thereof) provided to reduce the Fronting Exposure of any Issuing Lender and/or any the Swingline Lender, as applicable, shall no longer be required to be held as Cash Collateral pursuant to this Section 5.14 4.14 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, the Issuing Lenders and the Swingline Lenders Lender that there exists excess Cash Collateral; provided that, subject to Section 5.154.15, the Person providing Cash Collateral, the Issuing Lenders and the Swingline Lenders Lender may agree that Cash Collateral shall be held to support future anticipated Fronting Exposure or other obligations.. SECTION 4.15

Appears in 1 contract

Samples: Credit Agreement (Coca-Cola Consolidated, Inc.)

Termination of Requirement. Cash Collateral (or the appropriate portion thereof) provided to reduce the Fronting Exposure of any the Issuing Lender and/or any Swingline the Swing Line Lender, as applicable, shall no longer be required to be held as Cash Collateral pursuant to this Section 5.14 3.15 following (i) the elimination of the applicable Fronting Exposure (including by the termination of 66 Defaulting Lender status of the applicable Lender), or (ii) the determination by the Administrative Agent, the Issuing Lenders Lender and the Swingline Lenders Swing Line Lender that there exists excess Cash Collateral; provided that, subject to Section 5.153.16, the Person providing Cash Collateral, the Issuing Lenders Lender and the Swingline Lenders Swing Line Lender may agree that Cash Collateral shall be held to support future anticipated Fronting Exposure or other obligations.

Appears in 1 contract

Samples: Credit Agreement (Hormel Foods Corp /De/)

Termination of Requirement. Cash Collateral (or the appropriate portion thereof) provided to reduce the Fronting Exposure of any Issuing Lender and/or any Swingline Lender, as applicable, or other obligations 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 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, the each Issuing Lenders Lender and the Swingline Lenders Lender that there exists excess Cash Collateral; provided that, subject to Section 5.152.25, the Person providing Cash Collateral, the Collateral and each Issuing Lenders Lender and the Swingline Lenders Lender may agree that Cash Collateral shall be held to support future anticipated Fronting Exposure or other obligations.

Appears in 1 contract

Samples: Credit Agreement (Dollar Tree Inc)

Termination of Requirement. Cash Collateral (or the appropriate portion thereof) provided to reduce the Fronting Exposure of any the Issuing Lender and/or any the Swingline Lender, as applicable, shall no longer be required to be held as Cash Collateral pursuant to this Section 5.14 4.14 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, the Issuing Lenders Lender and the Swingline Lenders Lender that there exists excess Cash Collateral; provided that, subject to Section 5.154.15, the Person providing Cash Collateral, the Issuing Lenders Lender and the Swingline Lenders Lender may agree that Cash Collateral shall be held to support future anticipated Fronting Exposure or other obligations.

Appears in 1 contract

Samples: Credit Agreement (Zoe's Kitchen, Inc.)

Termination of Requirement. Cash Collateral (or the appropriate portion thereof) provided to reduce the Fronting Exposure of any Issuing Lender and/or any Swingline Lender, as applicable, or other obligations 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 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, the each Issuing Lenders Lender and the each Swingline Lenders Lender that there exists excess Cash Collateral; provided that, subject to Section 5.154.14, the Person providing Cash Collateral, the Collateral and each applicable Issuing Lenders Lender and the Swingline Lenders Lender may agree that Cash Collateral shall be held to support future anticipated Fronting Exposure or other obligations.

Appears in 1 contract

Samples: Credit Agreement (Blackbaud Inc)

Termination of Requirement. Cash Collateral (or the appropriate portion thereof) provided to reduce the Fronting Exposure of any the Issuing Lender and/or any the Swingline Lender, as applicable, shall no longer be required to be held as Cash Collateral pursuant to this Section 5.14 4.15 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, the Issuing Lenders Lender and the Swingline Lenders Lender that there exists excess Cash Collateral; provided that, subject to Section 5.154.16, the Person providing Cash Collateral, the Issuing Lenders Lender and the Swingline Lenders Lender may agree that Cash Collateral shall be held to support future anticipated Fronting Exposure or other obligations.

Appears in 1 contract

Samples: Credit Agreement (Stancorp Financial Group Inc)

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