Example ContractsClausesCertain Credit Support Events
Certain Credit Support Events
Certain Credit Support Events contract clause examples

Certain Credit Support Events. If # the L/C Issuer has honored any full or partial drawing request under any Letter of Credit and such drawing has resulted in an L/C Borrowing, # as of the Maturity Date, any L/C Obligation for any reason remains outstanding, # the Borrower shall be required to provide Cash Collateral pursuant to [Section 8.02(c), or (iv)])] there shall exist a Defaulting Lender, the Borrower shall immediately (in the case of [clause (iii) above]) or within one Business Day (in all other cases) following any request by the Administrative Agent or the L/C Issuer, provide Cash Collateral in an amount not less than the applicable Minimum Collateral Amount (determined in the case of Cash Collateral provided pursuant to [clause (iv) above], after giving effect to [Section 2.16(a)(iv)] and any Cash Collateral provided by the Defaulting Lender).

Certain Credit Support Events. If # the L/C Issuer has honored any full or partial drawing request under any Letter of Credit and such drawing has resulted in an L/C Borrowing, # as of the Maturity Date, any L/C Obligation for any reason remains outstanding, # the Borrower shall be required to provide Cash Collateral pursuant to Section 2.05 or 8.02(c), or (iv))] there shall exist a Defaulting Lender, the Borrower shall promptly (in the case of [clause (iii) above]) or within one (1) Business Day (in all other cases) following any request by the Administrative Agent or the L/C Issuer, provide Cash Collateral in an amount not less than the applicable Minimum Collateral Amount (determined in the case of Cash Collateral provided pursuant to [clause (iv) above], after giving effect to [Section 2.15(a)(iv)] and any Cash Collateral provided by the Defaulting Lender).

Certain Credit Support Events. If # the L/C Issuer has honored any full or partial drawing request under any Letter of Credit and such drawing has resulted in an L/C Borrowing, # as of the Letter of Credit Expiration Date, any L/C Obligation for any reason remains outstanding, # the Company shall be required to provide Cash Collateral pursuant to [Section 2.05 or 8.02(c), or (iv)])])] there shall exist a Defaulting Lender, the Company shall immediately (in the case of [clause (iii) above]) or within one (1) Business Day (in all other cases) following any request by the Administrative Agent or the L/C Issuer deliver to the Administrative Agent Cash Collateral in

Certain Credit Support Events. (i) Upon the request of the Administrative Agent or an L/C Issuer # if such L/C Issuer has honored any full or partial drawing request under any Letter of Credit and such drawing has resulted in an L/C Borrowing, or # if, as of the Letter of Credit Expiration Date, any L/C Obligation for any reason remains outstanding, the Company shall, in each case, immediately Cash Collateralize the then outstanding amount of all L/C Obligations.

Certain Credit Support Events. If # an L/C Issuer has honored any full or partial drawing request under any Letter of Credit and such drawing has resulted in an L/C Borrowing, # as of the Letter of Credit Issuance Expiration Date, any L/C Obligation for any reason remains outstanding (unless such L/C Obligation is already secured by Cash Collateral in an amount at least equal to the Minimum Collateral Amount), # the Borrower shall be required to provide Cash Collateral pursuant to [Section 8.02(c), or (iv)])] there shall exist a Defaulting Lender, the Borrower shall immediately (in the case of [clause (iii) above]) or within one Business Day (in all other cases) following any request by the Administrative Agent or the applicable L/C Issuer, provide Cash Collateral in an amount not less than the applicable Minimum Collateral Amount (determined in the case of Cash Collateral provided pursuant to [clause (iv) above], after giving effect to [Section 2.17(a)(iv)] and any Cash Collateral provided by the Defaulting Lender).

Certain Credit Support Events. If # an L/C Issuer has honored any full or partial drawing request under any Letter of Credit and such drawing has resulted in an L/C Borrowing, # as of the Letter of Credit Issuance Expiration Date, any L/C Obligation for any reason remains outstanding (unless such L/C Obligation is already secured by Cash Collateral in an amount at least equal to the Minimum Collateral Amount), # the Borrower shall be required to provide Cash Collateral pursuant to [Section 8.02(c), or (iv)])] there shall exist a Defaulting Lender, the Borrower shall immediately (in the case of [clause (iii) above]) or within one Business Day (in all other cases) following any request by the Administrative Agent or the applicable L/C Issuer, provide Cash Collateral in an amount not less than the applicable Minimum Collateral Amount (determined in the case of Cash Collateral provided pursuant to [clause (iv) above], after giving effect to [Section 2.17(a)(iv)] and any Cash Collateral provided by the Defaulting Lender).

Certain Credit Support Events. If # the Issuing Bank has honored any full or partial drawing request under any Letter of Credit and such drawing has resulted in an unreimbursed Letter of Credit Disbursement, # as of the date that is five (5) days prior to the Termination Date, there shall exist any Letter of Credit Outstandings, # the Borrowers shall be required to provide Cash Collateral pursuant to [Section 2.11(b)] or [Section 7.02] or # there shall exist a Defaulting Lender, the Borrowers shall immediately (in the case of [clause (iii) above]) or within three (3) Business Days (in all other cases) following any request by the Administrative Agent or the Issuing Bank, provide Cash Collateral in an amount not less than the applicable Minimum Collateral Amount (determined in the case of Cash Collateral provided pursuant to [clause (iv) above], after giving effect to [Section 2.24(a)(iv)] and any Cash Collateral provided by the Defaulting Lender).

Certain Credit Support Events. If # the L/C Issuer has honored any full or partial drawing request under any Letter of Credit and such drawing has resulted in an L/C Borrowing, # as of the Letter of Credit Expiration Date, any L/C Obligation for any reason remains outstanding, # the Borrower shall be required to provide Cash Collateral pursuant to [Section 8.02(c), or (iv)])] there shall exist a Defaulting Lender, the Borrower shall immediately (in the case of [clause (iii) above]) or within one Business Day (in all other cases) following any request by the Administrative Agent or the L/C Issuer, provide Cash Collateral in an amount not less than the applicable Minimum Collateral Amount in respect of L/C Obligations (determined in the case of Cash Collateral provided pursuant to [clause (iv) above], after giving effect to [Section 2.14(a)(iv)] and any Cash Collateral provided by the Defaulting Lender).

Certain Credit Support Events. If # any L/C Issuer has honored any full or partial drawing request under any Letter of Credit and such drawing has resulted in an L/C Borrowing, # as of the Letter of Credit Expiration Date, any L/C Obligation for any reason remains outstanding, # the Borrowers shall be required to provide Cash Collateral pursuant to [Section 8.02(c), or (iv)])] there shall exist a Defaulting Lender, each Borrower shall immediately (in the case of [clause (iii) above]) or within one Business Day (in all other cases) following any request by the Administrative Agent or the applicable L/C Issuer, provide Cash Collateral in an amount not less than the applicable Minimum Collateral Amount attributable to Letters of Credit issued at the request of such Borrower (determined in the case of Cash Collateral provided pursuant to [clause (iv) above], after giving effect to [Section 2.16(a)(iv)] and any Cash Collateral provided by the Defaulting Lender).

Certain Credit Support Events. If # the L/C Issuer has honored any full or partial drawing request under any Letter of Credit and such drawing has resulted in an L/C Borrowing, # as of the Maturity Date, any L/C Obligation for any reason remains outstanding, # the Borrower shall be required to provide Cash Collateral pursuant to [Section 9.02(c) or (iv)])] there shall exist a Defaulting Lender, the Borrower shall immediately (in the case of [clause (iii) above]) or within one Business Day (in all other cases) following any request by the Administrative Agent or the L/C Issuer provide Cash Collateral in an amount not less than the applicable Minimum Collateral Amount (determined in the case of Cash Collateral provided pursuant to [clause (iv) above], after giving effect to [Section 2.15(a)(iv)] and any Cash Collateral provided by the Defaulting Lender).

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