Additional Cash Collateral Sample Clauses
Additional Cash Collateral. At any time that there shall exist a Defaulting Lender, within one Business Day following the written request of the Administrative Agent or the applicable Issuing Lender (with a copy to the Administrative Agent) the Company shall Cash Collateralize such Issuing Lender’s Fronting Exposure with respect to such Defaulting Lender (determined after giving effect to Section 2.10(a)(iv) and any Cash Collateral provided by such Defaulting Lender).
(a) The Company and, to the extent provided by any Defaulting Lender, such Defaulting Lender hereby grant to the Administrative Agent, for the benefit of each Issuing Lender, and the Company and, as applicable, such Defaulting Lender, agree to maintain, a first priority security interest in all such Cash Collateral as security for the Defaulting Lenders’ obligation to fund participations in respect of Letters of Credit, to be applied pursuant to clause (b) below. If at any time the Administrative Agent determines that Cash Collateral is subject to any right or claim of any Person other than the Administrative Agent and each Issuing Lender as herein provided (other than any Lien described in Section 10.8(a) or (h)), or that the total amount of such Cash Collateral is less than the aggregate Fronting Exposure the Company will, promptly upon demand by the Administrative Agent, pay or provide to the Administrative Agent additional Cash Collateral in an amount sufficient to eliminate such deficiency (after giving effect to any Cash Collateral provided by the Defaulting Lenders).
(b) Notwithstanding anything to the contrary contained in this Agreement, Cash Collateral provided under this Section 2.9 or Section 2.10 in respect of Letters of Credit shall be applied to the satisfaction of the Defaulting Lender’s obligation to fund participations in respect of Letters of Credit (including, as to Cash Collateral provided by a Defaulting Lender, any interest accrued on such obligation) for which the Cash Collateral was so provided, prior to any other application of such property as may otherwise be provided for herein.
(c) Cash Collateral (or the appropriate portion thereof) provided to reduce any Issuing Lender’s Fronting Exposure shall no longer be required to be held as Cash Collateral pursuant to this Section 2.9, and shall promptly be returned to the Company following (i) the elimination of the applicable Fronting Exposure (including by the termination of Defaulting Lender status of the applicable Lender), or (ii) the determin...
Additional Cash Collateral. Upon termination of this Agreement by Borrower, as permitted herein, in addition to payment of all Obligations which are not contingent, Borrower shall deposit such amount of cash collateral as Lender determines is necessary to secure Lender from loss, cost, damage or expense, including reasonable attorneys' fees, in connection with any open Accommodations or remittance items or other payments provisionally credited to the Obligations and/or to which Lender has not yet received final and indefeasible payment.
Additional Cash Collateral. Without limiting the obligations of the Company under Section 2.16(k), at any time that there shall exist a Defaulting Bank, within two (2) Business Days following the written request of the Administrative Agent or any Issuer (with a copy to the Administrative Agent), the Company shall Cash Collateralize the Issuers’ Fronting Exposure with respect to such Defaulting Bank (determined after giving effect to Section 2.18(a)(iv) and any Cash Collateral provided by such Defaulting Bank) in an amount not less than the Minimum Collateral Amount.
Additional Cash Collateral. At any time that there shall exist a Defaulting Lender, within one Business Day following the written request of the Administrative Agent or the applicable Issuing Bank (with a copy to the Administrative Agent), the Company shall Cash Collateralize such Issuing Bank’s Defaulting Lender Exposure with respect to such Defaulting Lender (determined after giving effect to Section 2.18.1(d) and any Cash Collateral provided by or in respect of such Defaulting Lender).
Additional Cash Collateral. If, at any time prior to the occurrence of the Super Parent Release Date, the aggregate amount of cash and Permitted Investments in the IPO Proceeds Accounts does not equal or exceed the IPO Proceeds Reserve, at the request of the Administrative Agent, the Borrower shall promptly deposit cash or Permitted Investments (or cause cash or Permitted Investmetns to be deposited) into the IPO Proceeds Accounts in an amount sufficient so that the aggregate amount of cash and Permitted Investments on deposit in the IPO Proceeds Accounts is at least equal to the IPO Proceeds Reserve.
Additional Cash Collateral. On or before September 30, -------------------------- 1997, the Borrowers shall deliver, or cause to be delivered, to the Agent $500,000 to be held 3 as cash collateral for the Obligations pursuant to documentation, on terms and in all other respects satisfactory to the Agent in its sole discretion."
Additional Cash Collateral. As additional Collateral to secure the Obligations, Snapper agrees to deliver and pledge to DFS upon the execution of this Amendment, cash in the amount of $5,000,000 (the "Pledged Funds"). Snapper shall execute such documentation as DFS reasonably requests in order to provide DFS with a first perfected security interest in the Pledged Funds.
Additional Cash Collateral. Credit Parties agree to make ratable monthly payments to Agent so that the amount of cash collateral held by Agent as security for the Obligations will be $17,500,000 by January 31, 2006.
Additional Cash Collateral. 39 9.3 Notices .................................................................... 39 9.4 Severability ............................................................... 39 9.5
Additional Cash Collateral. In addition to any other Collateral, the Borrower shall, as additional security for the Obligations:
a. Contemporaneously with the execution and delivery of this Sixth Amendment, execute and deliver to the Lender the Amendment to Pledge Agreement, which, among other things, shall amend that certain Pledge Agreement dated March 16, 2009 by and between the Borrower and the Lender to include all Obligations within the definition of “Indebtedness” set forth therein.
b. Within three (3) Business Days following the Borrower’s receipt of substantially all of the amounts currently due and outstanding as of the date of this Sixth Amendment from the State of California in connection with Accounts related to (i) the California Highway Patrol, and (ii) the California Department of Transportation, but in no event later than June 15, 2010, deliver to the Lender, in good and collected funds, the sum of One Million and 00/100 Dollars ($1,000,000.00) (the “A/R Cash Pledge”), to be deposited as additional cash collateral in the account pledged to the Lender pursuant to the Pledge Agreement (the “Pledged Account”) and held by the Lender (along with any and all interest thereon, provided that the Lender agrees to release such interest to the Borrower as long as no default or Event of Default has occurred under the Loan Documents and provided that such release will not cause the amount in the Pledged Account to drop below a sum reasonably acceptable to the Lender in its sole and exclusive discretion), until the earlier to occur of (1) full satisfaction and payment by Borrower of all Obligations, or (2) the Lender providing, in a writing signed by the Lender, a release of the A/R Cash Pledge as collateral for the Obligations (it being acknowledged and agreed that the decision by the Lender to provide any such written release shall be made by the Lender in its sole and exclusive discretion and may be withheld by the Lender for any reason or no reason).
c. On or before June 15, 2010, deliver to the Lender, in good and collected funds, the sum of Two Million Five Hundred Thousand and 00/100 Dollars ($2,500,000.00) (the “Additional Cash Pledge”), to be deposited as additional cash collateral in the Pledged Account and held by the Lender (along with any and all interest thereon, provided that the Lender agrees to release such interest to the Borrower as long as no default or Event of Default has occurred under the Loan Documents and provided that such release will not cause the amou...