Common use of Withdrawal and Return of Cash Collateral Following Satisfaction of all Secured Obligations Clause in Contracts

Withdrawal and Return of Cash Collateral Following Satisfaction of all Secured Obligations. Following the Designated Sale Date, when all Secured Obligations have been satisfied in full, any remaining Cash Collateral that has not been withdrawn and applied against the Secured Obligations shall revert to LRC as provided in subparagraph 9(F), whereupon LRC may require BNPPLC to withdraw such remaining Cash Collateral then maintained pursuant to this Agreement and promptly transfer such remaining Cash Collateral to LRC.

Appears in 6 contracts

Samples: Pledge Agreement (Lam Research Corp), Pledge Agreement (Lam Research Corp), Pledge Agreement (Lam Research Corp)

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Withdrawal and Return of Cash Collateral Following Satisfaction of all Secured Obligations. Following the Designated Sale Base Term Expiration Date, when all Secured Obligations have been indefeasibly satisfied in full, any remaining Cash Collateral that has not been withdrawn and applied against the Secured Obligations shall revert to LRC as provided in subparagraph 9(F), whereupon LRC may require BNPPLC BTMUCLF to withdraw such remaining Cash Collateral then maintained pursuant to this Agreement and promptly transfer such remaining Cash Collateral to LRC.

Appears in 6 contracts

Samples: Pledge Agreement (Lam Research Corp), Pledge Agreement (Lam Research Corp), Pledge Agreement (Lam Research Corp)

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