Common use of Additional Cash Collateral Clause in Contracts

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.

Appears in 2 contracts

Samples: Loan and Security Agreement (Williams Industries Inc), Loan and Security Agreement (Bradley Pharmaceuticals Inc)

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Additional Cash Collateral. Upon any termination of this Agreement by Borrower, 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 or with respect to which Lender has not yet received final and indefeasible payment.

Appears in 1 contract

Samples: Loan and Security Agreement (Brake Headquarters U S a Inc)

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 Letters of Credit or remittance items or other payments provisionally credited to the Obligations and/or to which Lender has not yet received final and indefeasible payment.

Appears in 1 contract

Samples: Loan and Security Agreement (Indesco International Inc)

Additional Cash Collateral. Upon any termination of this Agreement by Borrower, 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 reasonably 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 or with respect to which Lender has not yet received final and indefeasible payment.

Appears in 1 contract

Samples: Loan and Security Agreement (Xircom Inc)

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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 Agent or Issuing Bank determines is necessary to secure Lender Agent and Lenders from loss, cost, damage or expense, including reasonable attorneys' ’ fees, in connection with any open Accommodations outstanding Letters of Credit or remittance items or other payments provisionally credited to the Obligations and/or to which Lender Agent has not yet received final and indefeasible payment.

Appears in 1 contract

Samples: Loan and Security Agreement (Buckeye Partners L P)

Additional Cash Collateral. Upon termination of this Agreement by BorrowerBorrowers, as permitted herein, in addition to payment of all Obligations which are not contingent, Borrower Borrowers 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 Letters of Credit or remittance items or other payments provisionally credited to the Obligations and/or to which Lender has not yet received final and indefeasible payment.indefeasible

Appears in 1 contract

Samples: Loan and Security Agreement (Sherwood Brands Inc)

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