Example ContractsClausescertain after acquired collateralVariants
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Cash Collateral If any LC Obligations, whether or not then due or payable, shall for any reason be outstanding at any time # that an Event of Default exists, # that Availability is less than zero, # after the Commitment Termination Date, or # within 10 Business Days prior to the Revolver Termination Date, then Borrowers shall, at Issuing Bank’s or Agent’s request, Cash Collateralize the stated amount of all outstanding Letters of Credit and pay to Issuing Bank the amount of all other LC Obligations. Borrowers shall, on demand, in writing, by Issuing Bank or Agent from time to time, Cash Collateralize the Fronting Exposure of any Defaulting Lender. If Borrowers fail to provide any Cash Collateral as required hereunder, Lenders may (and shall upon direction of Agent) advance, as Revolver Loans, the amount of the Cash Collateral required (whether or not the Commitments have terminated, an Overadvance exists or the conditions in [Section 6] are satisfied).

Cash CollateralCollateral. If # as of the Letter of Credit Expiration Date, any LC Obligations, whether or not then due or payable, shallLetter of Credit may for any reason beremain outstanding atand partially or wholly undrawn (and without limiting the requirements of ‎[Section 2.03(a)(ii)(C)]), # any timeEvent of Default occurs and is continuing and the Administrative Agent or the holding a majority of the Revolving Credit Commitments, as applicable, require the Borrower to Cash Collateralize the L/C Obligations pursuant to ‎[Section 8.02] or # that an Event of Default exists,set forth under ‎[Section 8.01(f)] occurs and is continuing, the Borrower shall Cash Collateralize the then Outstanding Amount of all L/C Obligations (in an amount equal to such Outstanding Amount determined as of the date of such Event of Default or the Letter of Credit Expiration Date, as the case may be), and shall do so not later than 2:00 p.m., New York City time on # in the case of the immediately preceding clauses (i) and (ii), (1) the Business Day that Availabilitythe Borrower receives notice thereof, if such notice is received on such day prior to 12:00 noon, New York City time or # if clause ‎(1) above does not apply, the Business Day immediately following the day that the Borrower receives such notice and # in the case of the immediately preceding clause ‎(iii), the Business Day on which an Event of Default set forth under ‎[Section 8.01(f)] occurs or, if such day is not a Business Day, the Business Day immediately succeeding such day. At any time that there shall exist a Defaulting Lender, immediately upon the request of the Administrative Agent, the L/C Issuer or the Swing Line Lender, the Borrower shall deliver to the Administrative Agent Cash Collateral in an amount sufficient to cover all Fronting Exposure (after giving effect to ‎[Section 2.17(a)(iv)] and any Cash Collateral provided by the Defaulting Lender). For purposes hereof, “Cash Collateralize” means to pledge and deposit with or deliver to the Administrative Agent, for the benefit of the relevant L/C Issuer and the Appropriate , as collateral for the L/C Obligations, cash or deposit account balances (“Cash Collateral”) pursuant to documentation in form and substance reasonably satisfactory to the Administrative Agent and the relevant L/C Issuer (which documents are hereby consented to by the Appropriate ). Derivatives of such term have corresponding meanings. The Borrower hereby grants to the Administrative Agent, for the benefit of the L/C Issuers and the Revolving Credit of the applicable Facility, a security interest in all such cash, deposit accounts and all balances therein and all proceeds of the foregoing. Cash Collateral shall be maintained in a Cash Collateral Account and may be invested in readily available Cash Equivalents as directed by the Borrower. If at any time the Administrative Agent determines that any funds held as Cash Collateral are expressly subject to any right or claim of any Person other than the Administrative Agent (on behalf of the Secured Parties) or that the total amount of such funds is less than zero, # after the Commitment Termination Date, or # within 10 Business Days prioraggregate Outstanding Amount of all L/C Obligations, the Borrower will, forthwith upon demand by the Administrative Agent, pay to the Revolver Termination Date, then Borrowers shall, at Issuing Bank’s or Agent’s request,Administrative Agent, as additional funds to be deposited and held in the Cash CollateralizeCollateral Account, an amount equal to the statedexcess of # such aggregate Outstanding Amount over # the total amount of all outstanding Lettersfunds, if any, then held as Cash Collateral that the Administrative Agent reasonably determines to be free and clear of any such right and claim. Upon the drawing of any Letter of Credit and payfor which funds are on deposit as Cash Collateral, such funds shall be applied, to Issuing Bankthe extent permitted under applicable Law, to reimburse the relevant L/C Issuer. To the extent the amount of all other LC Obligations. Borrowers shall, on demand, in writing, by Issuing Bank or Agent from time to time, Cash Collateralize the Fronting Exposure of any Defaulting Lender. If Borrowers fail to provide any Cash Collateral exceeds the then Outstanding Amount of such L/C Obligations and so long as required hereunder, Lenders may (andno Event of Default has occurred and is continuing, the excess shall upon directionbe refunded to the Borrower. To the extent any Event of Agent) advance,Default giving rise to the requirement to Cash Collateralize any Letter of Credit pursuant to this ‎Section 2.03(g) is cured or otherwise waived by the Required , then so long as Revolver Loans, the amountno other Event of theDefault has occurred and is continuing, all Cash Collateral required (whether or notpledged to Cash Collateralize such Letter of Credit shall be refunded to the Commitments have terminated, an Overadvance exists or the conditions in Section 6 are satisfied).Borrower.

Obligation to Cash Collateral If any LC Obligations, whether or not then due or payable, shall for any reason be outstanding atCollateralize. At any time # that an Eventthere shall exist a Defaulting Lender, within one (1) Business Day following the written request of Default exists, # that Availability is less than zero, # after the Commitment Termination Date,Administrative Agent or # within 10 Business Days priorany L/C Issuer (with a copy to the Revolver Termination Date, thenAdministrative Agent), the Borrowers shall, at Issuing Bank’s or Agent’s request,shall Cash Collateralize the stated amount of all outstanding Letters of Credit and pay to Issuing Bank the amount of all other LC Obligations. Borrowers shall, on demand, in writing, by Issuing Bank or Agent from time to time, Cash Collateralize theL/C Issuers’ Fronting Exposure of anywith respect to such Defaulting Lender. If Borrowers failLender (determined after giving effect to provide[Section 2.16(a)(iv)] and any Cash Collateral as required hereunder, Lenders may (and shall upon direction of Agent) advance, as Revolver Loans,provided by such Defaulting Lender) in an amount not less than the amountthen Outstanding Amount of the Cash Collateral required (whether or not the Commitments have terminated, an Overadvance exists or the conditions in Section 6 are satisfied).L/C Obligations.

Cash Collateral IfCollateral. (i) Upon the request of the Administrative Agent, # if the L/C Issuer has honored any LC Obligations, whetherfull or not then duepartial drawing request under any Letter of Credit and such drawing has resulted in an L/C Borrowing, or payable, shall# if, as of the Letter of Credit Expiration Date, any L/C Obligation for any reason be outstanding at any time # that an Event of Default exists, # that Availability is less than zero, # afterremains outstanding, the Commitment Termination Date, or # within 10 Business Days prior to the Revolver Termination Date, then BorrowersCompany shall, at Issuing Bank’s or Agent’s request,in each case, immediately Cash Collateralize the stated amountthen Outstanding Amount of all outstanding LettersL/C Obligations. At any time that there shall exist a Defaulting Lender that is a Revolving Credit Lender, within three Business Days after the request of Credit and paythe Administrative Agent or the L/C Issuer, the Borrower shall deliver to Issuing Bank the Administrative Agent Cash Collateral in an amount ofsufficient to cover all other LC Obligations. Borrowers shall, on demand, in writing, by Issuing Bank or Agent from time to time, Cash Collateralize the Fronting Exposure of any Defaulting Lender. If Borrowers fail(after giving effect to provide[Section 2.15(a)(iv)] and any Cash Collateral as required hereunder, Lenders may (and shall upon direction of Agent) advance, as Revolver Loans,provided by the amount of the Cash Collateral required (whether or not the Commitments have terminated, an Overadvance exists or the conditions in Section 6 are satisfied)Defaulting Lender).

Obligation to Cash Collateralize. At any time there shall exist a Defaulting Lender, within one Business Day following the written request of the Administrative Agent or the L/C Issuer (with a copy to the Administrative Agent), the Borrower shall Cash Collateralize the L/C Issuer’s Fronting Exposure with respect to such Defaulting Lender (determined after giving effect to [Section 2.15(a)(iv)] and any Cash Collateral If any LC Obligations, whether orprovided by such Defaulting Lender) in an amount not then due or payable, shall for any reason be outstandingless than the Minimum Collateral Amount. Additionally, if the Administrative Agent notifies the Company at any time # that the Outstanding Amount of all L/C Obligations at such time exceeds 105% of the Letter of Credit Sublimit then in effect, then within two (2) Business Days after receipt of such notice, the Company shall provide Cash Collateral for the Outstanding Amount of the L/C Obligations in an Event of Default exists, # that Availability isamount not less than zero, # after the Commitment Termination Date, or # within 10 Business Days prior toamount by which the Revolver Termination Date, then Borrowers shall, at Issuing Bank’s or Agent’s request, Cash Collateralize the stated amountOutstanding Amount of all outstanding LettersL/C Obligations exceeds the Letter of Credit and pay to Issuing Bank the amount of all other LC Obligations. Borrowers shall, on demand, in writing, by Issuing Bank or Agent from time to time, Cash Collateralize the Fronting Exposure of any Defaulting Lender. If Borrowers fail to provide any Cash Collateral as required hereunder, Lenders may (and shall upon direction of Agent) advance, as Revolver Loans, the amount of the Cash Collateral required (whether or not the Commitments have terminated, an Overadvance exists or the conditions in [Section 6] are satisfied).Sublimit.

Cash Collateral If any LC Obligations, whether or not then due or payable, shall for any reason be outstanding atCollateral. (i) At any time # that there shall exist a Defaulting , within one Business Day following the written request of the Administrative Agent or any L/C Issuer (with a copy to the Administrative Agent) the Borrowers shall cash collateralize such L/C Issuer’s Fronting Exposure with respect to such Defaulting (determined after giving effect to [Section 2.15(a)(v)] and any cash collateral provided by such Defaulting ) in an Event of Default exists, # that Availability isamount not less than zero, # after the Commitment Termination Date, or # within 10 Business Days prior to the Revolver Termination Date, then Borrowers shall, at Issuing Bank’s or Agent’s request, Cash Collateralize the stated amount of all outstanding Letters of Credit and pay to Issuing Bank the amount of all other LC Obligations. Borrowers shall, on demand, in writing, by Issuing Bank or Agent from time to time, Cash Collateralize the Fronting Exposure of any Defaulting Lender. If Borrowers fail to provide any CashMinimum Collateral as required hereunder, Lenders may (and shall upon direction of Agent) advance, as Revolver Loans, the amount of the Cash Collateral required (whether or not the Commitments have terminated, an Overadvance exists or the conditions in Section 6 are satisfied).Amount.

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