Common use of Cash Collateral Event Clause in Contracts

Cash Collateral Event. Any failure by the Borrower to comply with the financial covenant contained in Section 7.01 shall constitute a “Cash Collateral Event”, upon the occurrence of which all outstanding Letters of Credit shall be immediately and fully cash collateralized in accordance with Section 2.06(a).

Cash Collateral Event. Any On or after the Termination Date, any failure by the Borrower to comply with the financial covenant covenants contained in Section Sections 7.01 and 7.02 shall constitute a “"Cash Collateral Event”", upon the occurrence of which all outstanding Letters of Credit shall be immediately and fully cash collateralized in accordance with Section 2.06(a2.06(b).

Cash Collateral Event. Any failure by the Borrower to comply with the financial covenant contained in Section 7.01 shall constitute a “Cash Collateral Event”, upon the occurrence of which (a) all outstanding Letters of Credit shall be immediately and fully cash collateralized in accordance with Section 2.06(a)2.16 and (b) the Administrative Agent may, and at the request of the Required L/C Banks shall, by notice to the Borrower, terminate the Commitments, and thereupon the Commitments shall terminate immediately.

Cash Collateral Event. Any failure by the Borrower to comply with the financial covenant covenants contained in Section Sections 7.01 and 7.02 shall constitute a “"Cash Collateral Event”", upon the occurrence of which (a) all outstanding Letters of Credit shall be immediately and fully cash collateralized in accordance with Section 2.06(a)2.16 and (b) the Administrative Agent may, and at the request of the Required L/C Banks shall, by notice to the Borrower, terminate the Commitments, and thereupon the Commitments shall terminate immediately.