Common use of Cash Collateral Pledge Clause in Contracts

Cash Collateral Pledge. (i)(A) Upon the request of the Agent, if the Issuing Bank has honored any full or partial drawing request on any Letter of Credit and such drawing has resulted in an L/C Borrowing hereunder, or (B) unless otherwise consented to by the Banks, if, as of the Revolving Termination Date, any Letter of Credit may for any reason remain outstanding and partially or wholly undrawn, or (ii) the occurrence of the circumstances described in Section 2.7 requiring the Borrower to Cash Collateralize Letters of Credit, then, the Borrower shall immediately Cash Collateralize the Obligations in an amount equal to such L/C Obligations. The Borrower hereby grants the Agent, for the benefit of the Agent, the Issuing Bank, the Swingline Bank and the Banks, a security interest in all such cash and deposit account balances. Cash Collateral shall be maintained by the Agent in blocked, interest bearing deposit accounts at BofA. After the Revolving Termination Date the Issuing Bank may exercise a right of set off with respect to any such Cash Collateral deposits it holds and may use such funds to satisfy drawings under Letters of Credit. Unless otherwise agreed to by the Banks, all such Cash Collateral (inclusive of accrued interest thereon) shall be returned to the Borrower only when the L/C Commitment has terminated, all Letters of Credit have been cancelled and no L/C Obligations are outstanding.

Cash Collateral Pledge. Upon (i)(Ai) Upon the request of the Agent, (A) if the Issuing Bank has honored any full or partial drawing request on any Letter of Credit and such drawing has resulted in an L/C Borrowing Unreimbursed Draw hereunder, or (B) unless otherwise consented to by the Banks, if, as of the Revolving Termination Expiry Date, any Letter Letters of Credit may for any reason remain outstanding and partially or wholly undrawn, or (ii) the occurrence of the circumstances described in Section 2.7 5.03(b) requiring the Borrower to Cash Collateralize cash collateralize Letters of Credit, then, the Borrower shall immediately Cash Collateralize the Obligations pay over cash in an amount equal to such the L/C Obligations. The Borrower hereby grants Obligations to the Agent, Agent for the benefit of the Agent, the Issuing Bank, the Swingline Bank and the Banks, a security interest in all such to be held by the Agent as cash and deposit account balancescollateral subject to the terms of this Section 3.07. Cash Collateral shall be maintained Such amount, together with any amount received by the Agent in blocked, interest bearing deposit accounts at BofA. After the Revolving Termination Date the Issuing Bank may exercise a right respect of set off with respect to any such Cash Collateral deposits it holds and may use such funds to satisfy drawings under outstanding Letters of Credit. Unless otherwise agreed Credit pursuant to Section 11.02, when received by the BanksAgent, all such Cash Collateral (inclusive of accrued interest thereon) shall be returned to held by the Agent in a cash collateral account opened by the Agent as cash collateral for the reimbursement obligations of the Borrower only when under this Agreement in respect of the L/C Commitment has terminated, all Letters of Credit have been cancelled Obligations and no L/C Obligations are outstanding.for the other Obligations. Such cash collateral shall not bear interest. Amounts held in such cash collateral

Cash Collateral Pledge. Upon (i)(Ai) Upon the request of the Agent, (A) if the Issuing Bank has honored any full or partial drawing request on any Letter of Credit and such drawing has resulted in an L/C Borrowing hereunder, or (B) unless otherwise consented to by the Banks, if, as of the Revolving Termination Date, any Letter Letters of Credit may for any reason remain outstanding and partially or wholly undrawn, or (ii) the occurrence of the circumstances described in Section 2.7 subsection 2.07(a) requiring the Borrower Borrowers to Cash Collateralize Letters of Credit, then, the Borrower Borrowers shall immediately Cash Collateralize the L/C Obligations in an amount equal to such L/C Obligations. The Borrower hereby grants the Agent, for the benefit of the Agent, the Issuing Bank, the Swingline Bank and the Banks, a security interest in all such Amounts held as cash and deposit account balances. Cash Collateral collateral shall be maintained applied by the Agent in blocked, interest bearing deposit accounts at BofA. After to the Revolving Termination Date reimbursement of the Issuing Bank may exercise a right for any payment made by it of set off with respect to any such Cash Collateral deposits it holds and may use such funds to satisfy drawings drafts drawn under Letters of Credit, and then to the Banks for payment of L/C Advances, and the unused portion thereof, if any, after all such Letters of Credit have expired or been fully drawn upon, shall be applied to repay other Obligations hereunder. Unless otherwise agreed to by the BanksAfter all Letters of Credit have expired or been fully drawn upon, all L/C Obligations have been satisfied, and all other Obligations of the Borrowers hereunder have been paid in full, the balance, if any, of such Cash Collateral (inclusive of accrued interest thereon) cash collateral shall be returned to the Borrower only when the L/C Commitment has terminated, all Letters of Credit have been cancelled and no L/C Obligations are outstandingBorrower.

Cash Collateral Pledge. (i)(A) Upon the request of the Agent, (i) if the Issuing any L/C Bank has honored any full or partial drawing request on any Letter of Credit and such drawing has resulted in an L/C Borrowing hereunder, or (Bii) unless otherwise consented to by the Banks, if, as of one year after the Revolving Termination Date, any Letter Letters of Credit may for any reason remain outstanding and partially or wholly undrawn, or (iiiii) if the occurrence of the circumstances described in Section 2.7 requiring the Borrower L/C Obligations shall be declared due and payable pursuant to Cash Collateralize Letters of CreditSECTION 9.2 (b), then, the Borrower Company shall immediately Cash Collateralize pledge and deposit with or deliver to the Obligations Agent, for the benefit of the Agent, the Issuing Bank and the Banks, as collateral for the L/C Obligations, cash or deposit account balances in an amount equal to such the L/C Obligations. The Borrower Company hereby grants the Agent, for the benefit of the Agent, the Issuing Bank, the Swingline Bank and the Banks, a security interest in all such cash and deposit account balances. Cash Collateral shall be maintained by balances and agrees to execute security documentation in furtherance of the grant of such security interest in form and substance satisfactory to the Agent in blocked, interest bearing deposit accounts at BofA. After the Revolving Termination Date and the Issuing Bank may exercise a right of set off with respect to any such Cash Collateral deposits it holds and may use such funds to satisfy drawings under Letters of Credit. Unless otherwise agreed (which documents are hereby consented to by the Banks, all such Cash Collateral (inclusive of accrued interest thereon) ). Such collateral shall be returned to the Borrower only when the L/C Commitment has terminated, all Letters of Credit have been cancelled and no L/C Obligations are outstanding.maintained in blocked deposit accounts at BofA.

Cash Collateral Pledge. (i)(A) Upon the request of the AgentAgent or the ---------------------- Majority Banks, (A) if the Issuing Bank has honored any full or partial drawing request on any Letter of Credit and such drawing has resulted in an L/C Borrowing hereunderhereunder which shall not have been repaid by the Companies, or (B) unless otherwise consented to by the Banks, if, as of the Revolving Termination DateDate (or such earlier date as the L/C Commitments shall have terminated in accordance with the terms hereof), any Letter Letters of Credit may for any reason remain outstanding and partially or wholly undrawn, or (ii) then the occurrence of the circumstances described in Section 2.7 requiring the Borrower to Cash Collateralize Letters of Credit, then, the Borrower Companies shall immediately Cash Collateralize the L/C Obligations (which, in the case of clause (A) above, shall be equal to such L/C Borrowing) in an amount equal to such L/C Obligations. The Borrower hereby grants If any Letter of Credit expires without the Agent, for the benefit application of the Agent, the Issuing Bank, the Swingline Bank and the Banks, a security interest in all such cash and deposit account balances. Cash Collateral shall be maintained by the Agent in blockedfull, interest bearing deposit accounts at BofA. After the Revolving Termination Date the Issuing Bank may exercise a right of set off or if all L/C Borrowings with respect to any such Cash Collateral deposits it holds and may use such funds to satisfy drawings under Letters of Credit. Unless otherwise agreed to by the Banks, all such Cash Collateral (inclusive of accrued interest thereon) shall be returned to the Borrower only when the L/C Commitment has terminated, all Letters Letter of Credit have been cancelled paid in full by the Companies, then as long as there is no Event of Default in existence and so long as no such application shall be made within 25 days of the expiration of a Letter of Credit, the Agent shall return to the Companies any cash or deposit account balances that were used by the Companies to Cash Collateralize such Letters of Credit pursuant to this Section 3.7 and were not applied to L/C Obligations are outstanding----------- Borrowings.