Common use of Cash Collateral, Repayment of Swing Line Loans Clause in Contracts

Cash Collateral, Repayment of Swing Line Loans. (i) If the reallocation described in the immediately preceding subsection (d) above cannot, or can only partially, be effected, the Borrower shall, without prejudice to any right or remedy available to it hereunder or under law, (x) first, prepay Swing Line Loans in an amount equal to the Swing Line Lender’s Fronting Exposure and (y) second, Cash Collateralize the L/C Issuer’s Fronting Exposure in accordance with the procedures set forth in this subsection.

Appears in 3 contracts

Samples: Revolving Credit and Term Loan Agreement (Healthcare Realty Holdings, L.P.), Credit Agreement (Healthcare Realty Trust Inc), Credit Agreement (Healthcare Realty Trust Inc)

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Cash Collateral, Repayment of Swing Line Loans. (i) If the reallocation described in the immediately preceding subsection clause (div) above cannot, or can only partially, be effected, then, within one (1) Business Day following notice by the Administrative Agent, the Borrower shall, without prejudice to any right or remedy available to it hereunder or under lawapplicable Law, (xA) first, prepay Swing Line Loans in an amount equal to the Swing Line Lender’s Fronting Exposure Exposure, and (yB) second, Cash Collateralize the L/C Issuer’s Issuers’ Fronting Exposure in accordance with the procedures set forth in this subsection.Section 2.15. (b)

Appears in 2 contracts

Samples: Credit Agreement (Atlassian Corp), Credit Agreement (Atlassian Corp PLC)

Cash Collateral, Repayment of Swing Line Loans. (i) If the reallocation described in the immediately preceding subsection (dSection 2.15(b) above cannot, or can only partially, be effected, the Borrower Company or the applicable Borrower(s) shall, without prejudice to any right or remedy available to it hereunder or under lawapplicable Law, (x) first, prepay the applicable Swing Line Loans in an amount equal to the applicable Swing Line Lender’s Lenders’ Fronting Exposure and (y) second, if the Defaulting Lender is a Multicurrency Lender, Cash Collateralize the L/C Issuer’s Fronting Exposure in accordance with the procedures set forth in this subsectionSection 2.14.

Appears in 2 contracts

Samples: Syndicated Facility Agreement (Interface Inc), Syndicated Facility Agreement (Interface Inc)

Cash Collateral, Repayment of Swing Line Loans. (i) If the reallocation described in the immediately preceding subsection (da)(iv) above cannot, or can only partially, be effected, the Borrower shall, without prejudice to any right or remedy available to it hereunder or under lawapplicable Law, (x) first, prepay Swing Line Loans in an amount equal to the Swing Line Lender’s Lenders’ Fronting Exposure and (y) second, Cash Collateralize the L/C Issuer’s Fronting Exposure in accordance with the procedures set forth in this subsectionSection 2.14.

Appears in 2 contracts

Samples: Credit Agreement (Biogen Inc.), Credit Agreement (Biogen Inc.)

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Cash Collateral, Repayment of Swing Line Loans. (ia) If the reallocation described in the immediately preceding subsection (div) above cannot, or can only partially, be effected, the Borrower shall, without prejudice to any right or remedy available to it hereunder or under law, (x) first, prepay Swing Line Loans in an amount equal to the Swing Line Lender’s Fronting Exposure and (y) second, Cash Collateralize the L/C each LC Issuer’s Fronting Exposure in accordance with the procedures set forth in this subsection.

Appears in 1 contract

Samples: Credit Agreement (Blueknight Energy Partners, L.P.)

Cash Collateral, Repayment of Swing Line Loans. (i) If the reallocation described in the immediately preceding subsection clause (div) above cannot, or can only partially, be effected, then, within one (1) Business Day following notice by the Administrative Agent, the Borrower shall, without prejudice to any right or remedy available to it hereunder or under lawapplicable Law, (x) first, prepay Swing Line Loans in an amount equal to the Swing Line Lender’s 's Fronting Exposure Exposure, and (y) second, Cash Collateralize the L/C Issuer’s Issuers' Fronting Exposure in accordance with the procedures set forth in this subsectionSection 2.15.

Appears in 1 contract

Samples: Credit Agreement (Ansys Inc)

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