Common use of Certain Credit Support Events Clause in Contracts

Certain Credit Support Events. (i) Upon the request of the Administrative Agent or the L/C Issuer (A) 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, or (B) 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.

Appears in 7 contracts

Samples: Credit Agreement (Tetra Tech Inc), Credit Agreement (Tetra Tech Inc), Credit Agreement (Tetra Tech Inc)

AutoNDA by SimpleDocs

Certain Credit Support Events. (i) Upon the request of the Administrative Agent or the an L/C Issuer (A) if the 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 (B) 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.

Appears in 6 contracts

Samples: Credit Agreement (Stericycle Inc), Credit Agreement (Stericycle Inc), Credit Agreement (Stericycle Inc)

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

Appears in 5 contracts

Samples: Credit Agreement (Lazydays Holdings, Inc.), Credit Agreement (Lazydays Holdings, Inc.), Credit Agreement (Lazydays Holdings, Inc.)

Certain Credit Support Events. (i) Upon the request of the Administrative Agent or the L/C Issuer (A) if the L/C Issuer has honored any full or partial drawing request under any Letter of Credit or made any payment under any Bankers’ Acceptances and such drawing or payment has resulted in an L/C Borrowing, or (B) 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 within one Business Day of receipt of such request, Cash Collateralize the then Outstanding Amount of all L/C Obligations.

Appears in 5 contracts

Samples: Credit Agreement (Mastec Inc), Credit Agreement (Mastec Inc), Credit Agreement (Mastec Inc)

Certain Credit Support Events. (i) Upon the request of the Administrative Agent or the L/C Issuer (Ai) 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, or (Bii) if, as of the Letter of Credit Expiration Date, any L/C Obligation for any reason remains outstanding, the Company Borrowers shall, in each case, immediately Cash Collateralize the then Outstanding Amount of all L/C Obligations.C

Appears in 4 contracts

Samples: Credit Agreement (Unifirst Corp), Credit Agreement (Core Laboratories N V), Credit Agreement (Core Laboratories N V)

Certain Credit Support Events. (i) Upon the request of the Administrative Agent or the any L/C Issuer (A) if the 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 (B) 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 within two Business Days following receipt of a written request of the Administrative Agent or such L/C Issuer, Cash Collateralize the then Outstanding Amount of all L/C Obligations.

Appears in 3 contracts

Samples: Credit Agreement (Avnet Inc), Credit Agreement (Avnet Inc), Credit Agreement (Avnet Inc)

Certain Credit Support Events. (i) Upon the request of the Administrative Agent or the L/C Issuer (A) 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, or (B) if, as of the Letter of Credit Expiration Date, any L/C Obligation for any reason remains outstanding, the Company Borrower shall, in each case, immediately Cash Collateralize the then Outstanding Amount of all L/C Obligations.

Appears in 2 contracts

Samples: Credit Agreement (Church & Dwight Co Inc /De/), Credit Agreement (Discovery Communications, Inc.)

Certain Credit Support Events. (i) Upon the request of the Administrative Agent or the applicable L/C Issuer (A) if the 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 (B) 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.

Appears in 2 contracts

Samples: Credit Agreement (Urs Corp /New/), Credit Agreement (Urs Corp /New/)

Certain Credit Support Events. (i) Upon the request of the Administrative Agent or the L/C Issuer (Ai) 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, Borrowing or (Bii) if, as of the Letter of Credit Expiration Date, any L/C Obligation for any reason remains outstanding, the Company Borrower shall, in each case, immediately Cash Collateralize the then Outstanding Amount of all L/C Obligations.

Appears in 2 contracts

Samples: Credit Agreement (Kapstone Paper & Packaging Corp), Credit Agreement (Kapstone Paper & Packaging Corp)

Certain Credit Support Events. (i) Upon the request of the Administrative Agent or the an L/C Issuer (A) if the 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 (B) 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 outstanding amount of all L/C Obligations.

Appears in 1 contract

Samples: Credit Agreement (Nucor Corp)

Certain Credit Support Events. (i) Upon the request of the Administrative Agent or the L/C Issuer (A) 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 BorrowingBorrowing that remains unpaid, or (B) if, as of the Letter of Credit Expiration Date, any L/C Obligation for any reason remains outstanding, the Company Borrower shall, in each case, immediately Cash Collateralize the then Outstanding Amount of all L/C Obligations.

Appears in 1 contract

Samples: Credit Agreement (Mueller Industries Inc)

Certain Credit Support Events. (i) Upon the request of the Administrative Agent or the L/C Issuer (Ai) 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, or (Bii) if, as of the Letter of Credit Expiration Date, any L/C Obligation for any reason remains outstanding, the Company Borrower shall, in each case, immediately Cash Collateralize 103% of the then Outstanding Amount of all L/C Obligations.

Appears in 1 contract

Samples: Revolving Credit Agreement (Philadelphia Energy Solutions Inc.)

Certain Credit Support Events. (i) Upon the request of the Administrative Agent or the an L/C Issuer (A) if the 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 (B) 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.72 158477613_2174043865_5

Appears in 1 contract

Samples: Credit Agreement (Stericycle Inc)

AutoNDA by SimpleDocs

Certain Credit Support Events. (i) Upon the request of the Administrative Agent or the L/C Issuer (A) if the L/C Issuer has honored any full or partial drawing request under any Letter of Credit or made any payment under any Bankers’ Acceptances and such drawing or payment has resulted in an L/C Borrowing, or (B) 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 within 86420711.6 one Business Day of receipt of such request, Cash Collateralize the then Outstanding Amount of all L/C Obligations.

Appears in 1 contract

Samples: Credit Agreement (Mastec Inc)

Certain Credit Support Events. (i) Upon the request of the Administrative Agent or the any L/C Issuer (A) if the 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 (B) 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 promptly Cash Collateralize the then Outstanding Amount of all L/C Obligations.

Appears in 1 contract

Samples: Credit Agreement (Towers Watson & Co.)

Certain Credit Support Events. (i) Upon the request of the Administrative Agent or the an L/C Issuer (Ai) if the 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, or (Bii) if, as of the Letter of Credit Expiration Date, any L/C Obligation for any reason remains outstanding, the Company Borrower shall, in each case, immediately Cash Collateralize the then Outstanding Amount of all L/C Obligations.56 0000-0000-0000.14875-3923-5757.8

Appears in 1 contract

Samples: Credit Agreement (Oglethorpe Power Corp)

Certain Credit Support Events. (i) Upon the request of the Administrative Agent or the L/C Issuer (A) 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, or (B) 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 within 2 Business Days following receipt of a written request of the Administrative Agent or the L/C Issuer, Cash Collateralize the then Outstanding Amount of all L/C Obligations.

Appears in 1 contract

Samples: Assignment and Assumption (Avnet Inc)

Certain Credit Support Events. (i) Upon the request of the Administrative Agent or the L/C Issuer (Ai) 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, or (Bii) if, as of the Letter of Credit Expiration Date, any L/C Obligation for any reason remains outstanding, the Company Borrowers shall, in each case, immediately Cash Collateralize the then Outstanding Amount of all L/C Obligations.C

Appears in 1 contract

Samples: Credit Agreement (InfuSystem Holdings, Inc)

Certain Credit Support Events. (i) Upon the request of the Administrative Agent or the any L/C Issuer (A) if the 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 (B) 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 within 2 Business Days following receipt of a written request of the Administrative Agent or the applicable L/C Issuer, Cash Collateralize the then Outstanding Amount of all L/C Obligations.

Appears in 1 contract

Samples: Credit Agreement (Avnet Inc)

Certain Credit Support Events. (i) Upon the request of the Administrative Agent or the L/C Issuer Agent, (Ai) if the 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, or (Bii) 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.

Appears in 1 contract

Samples: Credit Agreement (Sonic Automotive Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.