Common use of Acceleration of Undrawn Amounts Clause in Contracts

Acceleration of Undrawn Amounts. Should the Administrative Agent demand payment of the Obligations hereunder prior to the Maturity Date pursuant to Section 10.2, the Administrative Agent, by written notice to the Borrowers, may take one or both of the following actions: (i) declare the obligation of the Letter of Credit Issuer to issue Letters of Credit hereunder terminated, whereupon such obligations shall forthwith terminate without any other notice of any kind; or (ii) declare the outstanding Letter of Credit Liability to be forthwith due and payable, without presentment, demand, protest or any other notice of any kind, all of which are hereby waived and demand that the Borrowers Cash Collateralize, as security for the Obligations, an amount equal to the Minimum Collateral Amount at the time such notice is given and cancel (or require any beneficiary to cancel) any previously issued Letter of Credit. Unless otherwise required by law, upon the full and final payment of the Obligations, the Administrative Agent shall return to the Borrowers any amounts remaining in said cash collateral account.

Acceleration of Undrawn Amounts. Should the Administrative Agent demand payment of the Obligations hereunder prior to the Maturity Date pursuant to Section 10.2, the Administrative Agent, by written notice to the Borrowers, may take one or both of the following actions: (i) declare the obligation of the Letter of Credit Issuer to issue Letters of Credit hereunder terminated, whereupon such obligations shall forthwith terminate without any other notice of any kind; or (ii) declare the outstanding Letter of Credit Liability to be forthwith due and payable, without presentment, demand, protest or any other notice of any kind, all of which are hereby waived waived, and demand that the Borrowers Cash Collateralize, as security for the Obligations, an amount equal to the Minimum Collateral Amount at the such time such notice is given and cancel (or require any beneficiary to cancel) any previously issued Letter of Creditgiven. Unless otherwise required by law, upon the full and final payment of the Obligations, the Administrative Agent shall return to the Borrowers any amounts remaining in said cash collateral account.

Acceleration of Undrawn Amounts. Should the Administrative Agent demand payment of the Obligations hereunder prior to the Maturity Date pursuant to Section 10.2, the Administrative Agent, by written notice to the Borrowers, may take one or both of the following actions: (i) declare the obligation of the Letter of Credit Issuer to issue Letters of Credit hereunder terminated, whereupon such obligations shall forthwith terminate without any other notice of any kind; or (ii) declare the outstanding Letter of Credit Liability to be forthwith due and payable, without presentment, demand, protest or any other notice of any kind, all of which are hereby waived waived, and demand that the Borrowers pay to the Administrative Agent for deposit in a segregated interest-bearing Cash CollateralizeCollateral Account, as security for the Obligations, an amount equal to the Minimum Collateral Amount at the time such notice is given and cancel (or require any beneficiary to cancel) any previously issued Letter of CreditAmount. Unless otherwise required by lawApplicable Law, upon the full and final payment of the Obligations, the Administrative Agent shall return to the Borrowers any amounts remaining in said cash collateral accountCash Collateral Account.

Acceleration of Undrawn Amounts. Should the Administrative Agent demand payment of the Obligations hereunder prior to the Maturity Date pursuant to Section 10.2, the Administrative Agent, by written notice to the Borrowers, may take one or both of the following actions: (i) declare the obligation of the Letter of Credit Issuer to issue Letters of Credit hereunder terminated, whereupon such obligations shall forthwith terminate without any other notice of any kind; or (ii) declare the outstanding Letter of Credit Liability Lxxxxxxxx to be forthwith due and payable, without presentment, demand, protest or any other notice of any kind, all of which are hereby waived waived, and demand that the Borrowers pay to the Administrative Agent for deposit in a segregated interest-bearing Cash CollateralizeCollateral Account, as security for the Obligations, an amount equal to the Minimum Collateral Amount at the time such notice is given and cancel (or require any beneficiary to cancel) any previously issued Letter of Creditgiven. Unless otherwise required by lawApplicable Law, upon the full and final payment of the Obligations, the Administrative Agent shall return to the Borrowers any amounts remaining in said cash collateral accountCash Collateral Account.

Acceleration of Undrawn Amounts. Should the Administrative Agent demand payment of the Obligations hereunder prior to the Maturity Date pursuant to Section 10.2, the Administrative Agent, by written notice to the Borrowers, may take one or both of the following actions: (i) declare the obligation of the Letter of Credit Issuer to issue Letters of Credit hereunder terminated, whereupon such obligations shall forthwith terminate without any other notice of any kind; or (ii) declare the outstanding Letter of Credit Liability to be forthwith due and payable, without presentment, demand, protest or any other notice of any kind, all of which are hereby waived waived, and demand that the Borrowers pay to the Administrative Agent for deposit in a segregated interest-bearing Cash CollateralizeCollateral Account, as security for the Obligations, an amount equal to the Minimum Collateral Amount at the time such notice is given and cancel (or require any beneficiary to cancel) any previously issued Letter of Creditgiven. Unless otherwise required by lawApplicable Law, upon the full and final payment of the Obligations, the Administrative Agent shall return to the Borrowers any amounts remaining in said cash collateral accountCash Collateral Account.

Acceleration of Undrawn Amounts. Should the Administrative Agent demand payment of the Obligations hereunder prior to the Maturity Date pursuant to Section 10.2, the Administrative Agent, by written notice to the BorrowersBorrower Parties, may take one or both of the following actions: (i) declare the obligation of the Letter of Credit Issuer to issue Letters of Credit hereunder terminated, whereupon such obligations shall forthwith terminate without any other notice of any kind; or (ii) declare the outstanding Letter of Credit Liability to be forthwith due and payable, without presentment, demand, protest or any other notice of any kind, all of which are hereby waived waived, and demand that the Borrowers Borrower Parties Cash Collateralize, as security for the Obligations, an amount equal to the Minimum Collateral Amount at the time such notice is given and cancel (or require any beneficiary to cancel) any previously issued Letter of Creditgiven. Unless otherwise required by lawApplicable Law, upon the full and final payment of the Obligations, the Administrative Agent shall return to the Borrowers Borrower Parties any amounts remaining in said cash collateral accountCash Collateral Account.

Acceleration of Undrawn Amounts. Should the Administrative Agent demand payment of the Obligations hereunder prior to the Maturity Date pursuant to Section 10.2, the Administrative Agent, by written notice to the Borrowers, may take one or both of the following actions: (i) declare the obligation of the Letter of Credit Issuer to issue Letters of Credit hereunder terminated, whereupon such obligations shall forthwith terminate without any other notice of any kind; or (ii) declare the outstanding Letter of Credit Liability Lxxxxxxxx to be forthwith due and payable, without presentment, demand, protest or any other notice of any kind, all of which are hereby waived waived, and demand that the Borrowers Cash Collateralize, as security for the Obligations, an amount equal to the Minimum Collateral Amount at the time such notice is given and cancel (or require any beneficiary to cancel) any previously issued Letter of Creditgiven. Unless otherwise required by lawApplicable Law, upon the full and final payment of the Obligations, the Administrative Agent shall return to the Borrowers any amounts remaining in said cash collateral accountCash Collateral Account.

Acceleration of Undrawn Amounts. Should the Administrative Agent demand payment of the Obligations hereunder prior to the Maturity Date pursuant to Section 10.2, the Administrative Agent, by written notice to the BorrowersBorrower, may take one or both of the following actions: (i) declare the obligation of the Letter of Credit Issuer to issue Letters of Credit hereunder terminated, whereupon such obligations shall forthwith terminate without any other notice of any kind; or (ii) declare the outstanding Letter of Credit Liability to be forthwith due and payable, without presentment, demand, protest or any other notice of any kind, all of which are hereby waived waived, and demand that the Borrowers Borrower Cash Collateralize, as security for the Obligations, an amount equal to the Minimum Collateral Amount at the time such notice is given and cancel (or require any beneficiary to cancel) any previously issued Letter of Creditgiven. Unless otherwise required by lawApplicable Law, upon the full and final payment of the Obligations, the Administrative Agent shall return to the Borrowers Borrower any amounts remaining in said cash collateral accountCash Collateral Account.

Acceleration of Undrawn Amounts. Should the Administrative Agent demand payment of the Obligations hereunder prior to the Maturity Date pursuant to Section 10.2, the Administrative Agent, by written notice to the Borrowers, may take one or both of the following actions: (i) declare the obligation of the Letter of Credit Issuer to issue Letters of Credit hereunder terminated, whereupon such obligations shall forthwith terminate without any other notice of any kind; or (ii) declare the outstanding Letter of Credit Liability US-DOCS\106247413.1 to be forthwith due and payable, without presentment, demand, protest or any other notice of any kind, all of which are hereby waived waived, and demand that the Borrowers pay to the Administrative Agent for deposit in a segregated interest-bearing Cash CollateralizeCollateral Account, as security for the Obligations, an amount equal to the Minimum Collateral Amount at the time such notice is given and cancel (or require any beneficiary to cancel) any previously issued Letter of CreditAmount. Unless otherwise required by lawApplicable Law, upon the full and final payment of the Obligations, the Administrative Agent shall return to the Borrowers any amounts remaining in said cash collateral accountCash Collateral Account.