Common use of Deposit of Cash Collateral Clause in Contracts

Deposit of Cash Collateral. Upon the occurrence of any Event of Default, Borrowers shall, on the next succeeding Business Day, deposit in a segregated, interest bearing account with Agent such funds as Agent may request, up to a maximum amount equal to the aggregate existing Letter of Credit Exposure. Any funds so deposited shall be held by Agent as security for the Credit Facilities (including the Letters of Credit) and Borrowers will, in connection therewith, execute and deliver such assignments and security agreements in form and substance satisfactory to Agent which Agent may, in its discretion, require. As drafts or demands for payment are presented under any Letter of Credit, Borrowers hereby irrevocably direct Agent to apply such funds to satisfy such drafts or demands. When all Letters of Credit have expired and the Notes have been repaid in full (and Lenders have no obligation to make further Advances or issue Letters of Credit hereunder) or such Event of Default has been cured to the satisfaction of Agent, Agent shall release to AMRESCO any remaining funds deposited under this Section 3.13. Whenever Borrowers are required to make deposits under this Section 3.13 and fail to do so on the day such deposit is due, Lenders may make such deposit using any funds of Borrowers then available to any Lender.

Deposit of Cash Collateral. Upon the occurrence of any Event of Default, Borrowers Borrower shall, on the next succeeding Business Day, deposit in a segregated, interest bearing account with Agent such funds as Agent may request, up to a maximum amount equal to the aggregate existing Letter of Credit Exposure. Any funds so deposited shall be held by Agent as security for the Credit Facilities Obligations (including the Letters of Credit) and Borrowers Borrower will, in connection therewith, execute and deliver such assignments and security agreements in form and substance satisfactory to Agent which Agent may, in its discretion, require. As drafts or demands for payment are presented under any Letter of Credit, Borrowers Borrower hereby irrevocably direct directs Agent to apply such funds to satisfy such drafts or demands. When all Letters of Credit have expired and the Revolving Notes have been repaid in full (and Lenders have no obligation to make further Advances or issue Letters of Credit hereunder) or such Event of Default has been cured to the satisfaction of Agent, Agent shall release to AMRESCO any remaining funds deposited under this Section 3.13. Whenever Borrowers are Borrower is required to make deposits under this Section 3.13 and fail to do so on the day such deposit is due, Revolving Lenders may make such deposit using any funds of Borrowers Borrower then available to any Revolving Lender.

Deposit of Cash Collateral. Upon the occurrence of any a -------------------------- monetary Event of DefaultDefault which Borrower has not cured in accordance with the applicable provisions hereof, Borrowers shall, on the next succeeding Business Day, deposit in a segregated, interest bearing account with Agent such funds as Agent may request, up to a maximum amount equal to the aggregate existing Letter of Credit Exposure. Any funds so deposited shall be held by Agent as security for the Credit Facilities Facility (including the Letters of Credit) and Borrowers will, in connection therewith, execute and deliver such assignments and security agreements in form and substance satisfactory to Agent which Agent may, in its discretion, require. As drafts or demands for payment are presented under any Letter of Credit, Borrowers hereby irrevocably direct Agent to apply such funds to satisfy such drafts or demands. When all Letters of Credit have expired and the Notes have been repaid in full (and Lenders have no obligation to make further Advances or issue Letters of Credit hereunder) or such Event of Default has been cured to the satisfaction of Agent, Agent shall release to AMRESCO Borrowers any remaining funds deposited under this Section 3.133.11. Whenever Borrowers are ------------ required to make deposits under this Section 3.13 3.11 and fail to do so on the day ------------ such deposit is due, Lenders may make such deposit using any funds of Borrowers then available to any Lender.

Deposit of Cash Collateral. Upon the occurrence of any Event of Default, Borrowers shall, on the next succeeding Business Day, deposit in a segregated, interest bearing account with Agent such funds as Agent may request, up to a maximum amount equal to the aggregate existing Letter of Credit Exposure. Any funds so deposited shall be held by Agent as security for the Credit Facilities Obligations (including the Letters of Credit) and Borrowers will, in connection therewith, execute and deliver such assignments and security agreements in form and substance satisfactory to Agent which Agent may, in its discretion, require. As drafts or demands for payment are presented under any Letter of Credit, Borrowers hereby irrevocably direct Agent to apply such funds to satisfy such drafts or demands. When all Letters of Credit have expired and the Revolving Notes have been repaid in full (and Lenders have no obligation to make further Advances or issue Letters of Credit hereunder) or such Event of Default has been cured to the satisfaction of Agent, Agent shall release to AMRESCO any remaining funds deposited under this Section 3.13. Whenever Borrowers are required to make deposits under this Section 3.13 and fail to do so on the day such deposit is due, Revolving Lenders may make such deposit using any funds of Borrowers then available to any Revolving Lender.

Deposit of Cash Collateral. Upon the occurrence of any Event of Default, Borrowers Borrower shall, on the next succeeding Business Day, deposit in a segregated, interest bearing account with Administrative Agent such funds as Administrative Agent may request, up to a maximum amount equal to the aggregate existing Letter of Credit Exposure. Any funds so deposited shall be held by Administrative Agent as security for the Credit Facilities Facility (including the Letters of Credit) and Borrowers Borrower will, in connection therewith, execute and deliver such assignments and security agreements in form and substance satisfactory to Administrative Agent which Administrative Agent may, in its discretion, require. As drafts or demands for payment are presented under any Letter of Credit, Borrowers Borrower hereby irrevocably direct directs Administrative Agent to apply such funds to satisfy such drafts or demands. When all Letters of Credit have expired and the Notes have been repaid in full (and Lenders have no obligation to make further Advances or issue Letters of Credit hereunder) or such Event of Default has been cured to the satisfaction of Administrative Agent, Administrative Agent shall release to AMRESCO Borrower any remaining funds deposited under this Section 3.13. Whenever Borrowers are Borrower is required to make deposits under this Section 3.13 and fail fails to do so on the day such deposit is due, Lenders may make such deposit using any funds of Borrowers Borrower then available to any Lender.