if Borrowers provide Letter of Credit Collateralization for any portion of such Defaulting Lenders Letter of Credit Exposure pursuant to this [Section 2.3(g)(ii)], Borrowers shall not be required to pay any Letter of Credit Fees to Agent for the account of such Defaulting Lender pursuant to [Section 2.6(b)] with respect to the portion of such Defaulting Lenders Letter of Credit Exposure for which Letter of Credit Collateralization has been provided during the period during which such Letter of Credit Collateralization has been provided;
if Borrowers provide Letter of Credit Collateralization forcash collateralize any portion of such Defaulting LenderLender’s Letter of Credit Exposure pursuant to this [Section 2.3(g)(ii)], Borrowers shall not be required to pay any Letter of Credit Fees to Agent for the account of such Defaulting Lender pursuant to [Section 2.6(b)] with respect to thesuch cash collateralized portion of such Defaulting LenderLender’s Letter of Credit Exposure for which Letter of Credit Collateralization has been provided during the period during which such Letter of Credit Collateralization has been provided;Exposure is cash collateralized;
if Borrowers provide Letter of Credit Collateralization forBorrower cash collateralizes any portion of such Defaulting LenderLender's Letter of Credit Exposure pursuant to this [Section 2.3(g)(ii)], BorrowersBorrower shall not be required to pay any Letter of Credit Fees to Agent for the account of such Defaulting Lender pursuant to [Section 2.6(b)] with respect to thesuch cash collateralized portion of such Defaulting LenderLender's Letter of Credit Exposure for which Letter of Credit Collateralization has been provided during the period during which such Letter of Credit Collateralization has been provided;Exposure is cash collateralized;
if Borrowers provide Letter of Credit Collateralization forBorrower cash collateralizes any portion of such Defaulting LenderLender’s Letter of Credit Exposure pursuant to this [Section 2.3(g)(ii)], BorrowersBorrower shall not be required to pay any Letter of Credit Fees to Agent for the account of such Defaulting Lender pursuant to [Section 2.6(b)3(d)] with respect to thesuch cash collateralized portion of such Defaulting LenderLender’s Letter of Credit Exposure for which Letter of Credit Collateralization has been provided during the period during which such Letter of Credit Collateralization has been provided;Exposure is cash collateralized;
if Borrowers provide Letter of Credit Collateralization fora Borrower Cash Collateralizes any portion of such Defaulting Lenders Letter of Credit ExposureLiabilities pursuant to this [Section 2.3(g)(ii)][clause (ii) above], Borrowerssuch Borrower shall not be required to pay any Letter of Credit Feesfees to Agent for the account of such Defaulting Lender pursuant to [Section 2.6(08(b)] with respect to the portion of such Defaulting Lenders Letter of Credit Exposure for whichLiabilities during the period such Defaulting Lenders Letter of Credit Collateralization has been provided during the period during which such Letter of Credit Collateralization has been provided;Liabilities are Cash Collateralized;
to the extent that the Borrower cash collateralizes any portion of such Defaulting LenderLender’s Letter of Credit ExposureLiabilities pursuant to this [Section 2.3(g)(ii)][clause (ii) above], Borrowersthe Borrower shall not be required to pay any Letter of Credit Feesfees to Agent for the account of such Defaulting Lender pursuant to [Section 2.6(07(b)] with respect to the portion of such Defaulting LenderLender’s Letter of Credit Exposure for whichLiabilities during the period such Defaulting Lender’s Letter of Credit Collateralization has been provided during the period during which such Letter of Credit Collateralization has been provided;Liabilities is cash collateralized;
to the extent any Defaulting Lenders Letter of Credit Exposure is neither supported by Letter of Credit Collateralization fornor reallocated pursuant to this [Section 2.3(g)(ii)], then, without prejudice to any rights or remedies of the Issuing Bank or any Lender hereunder, all Letter of Credit Fees that would have otherwise been payable to such Defaulting Lender under [Section 2.6(b)] with respect to such portion of such Letter of Credit Exposure shall instead be payable to the Issuing Bank until such portion of such Defaulting Lenders Letter of Credit Exposure pursuant to this [Section 2.3(g)(ii)], Borrowers shall not be required to pay any Letter of Credit Fees to Agent for the account of such Defaulting Lender pursuant to [Section 2.6(b)] with respect to the portion of such Defaulting Lenders Letter of Credit Exposure for whichis supported by Letter of Credit Collateralization has been provided during the period during which such Letter of Credit Collateralization has been provided;or reallocated;
if the Borrowers provide Letter of Credit Collateralization forcash collateralize any portion of such Defaulting Lenders Letter of CreditLC Exposure pursuant to this [Section 2.3(g)(ii)][clause (ii) above], the Borrowers shall not be required to pay any Letter of Credit Feesfees to Agent for the account of such Defaulting Lender pursuant to [Section 2.6(12(b)] with respect to the portion of such Defaulting Lenders Letter of CreditLC Exposure for which Letter of Credit Collateralization has been provided during the period during which such Letter of Credit Collateralization has been provided;Defaulting Lenders LC Exposure is cash collateralized;
if the Borrowers provide Letter of Credit Collateralization forcash collateralize any portion of such Defaulting LenderLender’s Letter of CreditLC Exposure pursuant to this [Section 2.3(g)(ii)][clause (ii) above], the Borrowers shall not be required to pay any Letter of Credit Feesfees to Agent for the account of such Defaulting Lender pursuant to [Section 2.6(11(b)] with respect to the portion of such Defaulting LenderLender’s Letter of CreditLC Exposure for which Letter of Credit Collateralization has been provided during the period during which such Letter of Credit Collateralization has been provided;Defaulting Lender’s LC Exposure is cash collateralized;
if Borrowers provide Letter of Credit Collateralization forthe Borrower cash collateralizes any portion of such Defaulting Lenders Letter of CreditLC Exposure pursuant to this [Section 2.3(g)(ii)17(c)], Borrowersthe Borrower shall not be required to pay any Letter of Credit Feesfees to Agent for the account of such Defaulting Lender pursuant to [Section 2.6(09(b)] with respect to the portion of such Defaulting Lenders Letter of CreditLC Exposure for which Letter of Credit Collateralization has been provided during the period during which such Letter of Credit Collateralization has been provided;Defaulting Lenders LC Exposure is cash collateralized;
AllDrafts is a cloud-based editor designed specifically for contracts. With automatic formatting, a massive clause library, smart redaction, and insanely easy templates, it’s a welcome change from Word.
And AllDrafts generates clean Word and PDF files from any draft.