Cash Collateral Pledge. If any Letter of Credit remains outstanding and partially or wholly undrawn as of the Revolving Termination Date, then the Company shall immediately Cash Collateralize the L/C Obligations in an amount equal to the maximum amount then available to be drawn under all Letters of Credit.
Appears in 13 contracts
Samples: Credit Agreement (Del Monte Foods Co), Credit Agreement (Del Monte Foods Co), Credit Agreement (Dreyers Grand Ice Cream Holdings Inc)
Cash Collateral Pledge. If any Letter of Credit remains outstanding and partially or wholly undrawn as of the Revolving Termination Date, then the Company shall immediately Cash Collateralize the L/C Obligations in an amount equal to the maximum amount then available to be drawn under all Letters of Credit.
Appears in 6 contracts
Samples: Credit Agreement (Republic Services Inc), Credit Agreement (International Multifoods Corp), Credit Agreement (Lance Inc)
Cash Collateral Pledge. If any Letter of Credit remains outstanding and partially or wholly undrawn as of the Revolving Termination Date, then the Company Revolving Borrowers or the applicable Subsidiary Swing Line Borrower shall immediately Cash Collateralize the L/C Obligations Issued for their respective accounts in an amount equal to the maximum amount then available to be drawn under all Letters of Credit.
Appears in 3 contracts
Samples: Credit Agreement (Mt Investors Inc/), Credit Agreement (Mt Investors Inc), Credit Agreement (Mt Investors Inc)
Cash Collateral Pledge. If any Letter Upon the request of Credit remains outstanding and partially or wholly undrawn the Bank, if, as of the Revolving Termination Date, any Letters of Credit may for any reason remain outstanding and partially or wholly undrawn, then the Company shall immediately Cash Collateralize the L/C Obligations in an amount equal to the maximum aggregate undrawn face amount then available to be drawn under of all Outstanding Letters of Credit.
Appears in 2 contracts
Samples: Credit Agreement (Maxxam Group Holdings Inc), Credit Agreement (Maxxam Group Holdings Inc)
Cash Collateral Pledge. If any Letter of Credit remains outstanding and partially or wholly undrawn as of the Revolving Termination Date, then the Company Borrowers shall immediately Cash Collateralize the L/C Obligations in an amount equal to the maximum amount then available to be drawn under all Letters of Credit.
Appears in 2 contracts
Samples: Credit Agreement (Mettler Toledo Holding Inc), Credit Agreement (Mettler Toledo Holding Inc)
Cash Collateral Pledge. If any Letter of Credit remains outstanding and partially or wholly undrawn as of the Revolving Commitment Termination Date, then the Company applicable Account Party shall immediately Cash Collateralize the L/C Letter of Credit Obligations in an amount equal to the maximum amount then available to be drawn under all Letters of Credit.
Appears in 2 contracts
Samples: Credit Agreement (Tower Automotive Inc), Credit Agreement (Tower Automotive Inc)
Cash Collateral Pledge. If any Letter of Credit remains outstanding and partially or wholly undrawn as of the Revolving Expansion Loan Commitment Termination Date, then the Company shall immediately Cash Collateralize the L/C Obligations in an amount equal to the maximum amount then available to be drawn under all Letters of Credit.
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Cash Collateral Pledge. If any Letter of Credit remains outstanding and partially or wholly undrawn as of the Revolving Termination Date, then the Company shall Borrowers jointly and severally agree to immediately Cash Collateralize the L/C Obligations in an amount equal to the maximum amount then available to be drawn under all Letters of Credit.
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Cash Collateral Pledge. If any Letter of Credit remains outstanding and partially or wholly undrawn as of the Revolving Termination Loan Maturity Date, then the Company Borrowers shall immediately Cash Collateralize the L/C Obligations Issued for their respective accounts in an amount equal to the maximum amount then available to be drawn under all Letters of Credit.
Appears in 1 contract
Samples: Senior Secured Credit Agreement (Greif Brothers Corp)
Cash Collateral Pledge. If any Letter Letters of Credit remains remain outstanding and partially or wholly undrawn as of the Revolving Termination Date, then the Company Borrower shall immediately Cash Collateralize the L/C Obligations in an amount equal to the maximum amount then available to be drawn under all such Letters of Credit.
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Cash Collateral Pledge. If any Letter of Credit remains outstanding and partially or wholly undrawn as of the Revolving Termination DateCredit Maturity Date or the expiration or termination of the Total Revolving Credit Commitment, then the Company Borrower shall immediately Cash Collateralize the L/C Letter of Credit Obligations in an amount equal to the maximum amount then available to be drawn under all Letters of Credit. Section 2.06.08.
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Cash Collateral Pledge. If any Letter of Credit ---------------------- remains outstanding and partially or wholly undrawn as of the Revolving Termination Date, then the Company shall immediately Cash Collateralize the L/C Obligations in an amount equal to the maximum amount then available to be drawn under all Letters of Credit.
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Cash Collateral Pledge. If any Letter of Credit remains outstanding and partially or wholly undrawn as of the Revolving Termination Date, then the Company Borrowers shall immediately Cash Collateralize the L/C Obligations Issued for their respective accounts in an amount equal to the maximum amount then available to be drawn under all Letters of Credit.
Appears in 1 contract
Samples: Senior Secured Credit Agreement (Greif Brothers Corp)
Cash Collateral Pledge. If any Letter of Credit remains ---------------------- outstanding and partially or wholly undrawn as of the Revolving Termination Date, then the Company shall immediately Cash Collateralize the L/C Obligations in an amount equal to the maximum amount then available to be drawn under all Letters of Credit.
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