Common use of The Agent and Defaulting Lenders Clause in Contracts

The Agent and Defaulting Lenders. (a) Each Defaulting Lender shall be required to provide to the Agent cash in an amount, as shall be determined from time to time by the Agent in its discretion, equal to all obligations of such Defaulting Lender to the Agent that are owing or may become owing pursuant to this Agreement, including such Defaulting Lender’s obligation to pay, on a pro rata basis, in accordance with its respective aggregate Commitments, any indemnification or expense reimbursement amounts not paid by the Borrower. Such cash shall be held by the Agent in one or more cash collateral accounts, which accounts shall be in the name of the Agent and shall not be required to be interest bearing. The Agent shall be entitled to apply the foregoing cash in accordance with Section 14.9.

The Agent and Defaulting Lenders. (a1) Each Defaulting Lender shall be required to provide to the Agent cash in an amount, as shall be determined from time to time by the Agent Agent, as the case may be, in its discretion, equal to all obligations of such Defaulting Lender to the Agent Agent, that are owing or may become owing pursuant to this Agreement, including such Defaulting Lender’s obligation to paypay its Rateable Portion of any indemnification, on a pro rata basis, in accordance with its respective aggregate Commitments, any indemnification reimbursement or expense reimbursement amounts not paid by the Borrower. Such cash shall be held by the Agent in one or more cash collateral accounts, which accounts shall be in the name of the Agent and shall not be required to be interest bearing. The Agent shall and shall be entitled to apply the foregoing cash in accordance with Section 14.914.14(3), in the case of amounts owing to the Agent.

The Agent and Defaulting Lenders. (a) Each Defaulting Lender shall be required to provide to the Agent cash in an amount, as shall be determined from time to time by the Agent in its discretion, equal to all obligations of such Defaulting Lender to the Agent that are owing or may become owing pursuant to this Agreement, including such Defaulting Lender’s 's obligation to pay, on a pro rata basis, in accordance with its respective aggregate Commitments, any indemnification or expense reimbursement amounts not paid by the Borrower. Such cash shall be held by the Agent in one or more cash collateral accounts, which accounts shall be in the name of the Agent and shall not be required to be interest bearing. The Agent shall be entitled to apply the foregoing cash in accordance with Section 14.9.