{"component": "clause", "props": {"groups": [{"snippet_links": [{"key": "default-shall", "type": "definition", "offset": [20, 33]}, {"key": "the-business", "type": "clause", "offset": [62, 74]}, {"key": "required-revolving-lenders", "type": "definition", "offset": [150, 176]}, {"key": "maturity-of-the-loans", "type": "clause", "offset": [189, 210]}, {"key": "the-total", "type": "clause", "offset": [305, 314]}, {"key": "deposit-of-cash-collateral", "type": "clause", "offset": [346, 372]}, {"key": "pursuant-to", "type": "clause", "offset": [373, 384]}, {"key": "this-clause", "type": "clause", "offset": [385, 396]}, {"key": "the-borrower-shall", "type": "clause", "offset": [402, 420]}, {"key": "books-and-records", "type": "definition", "offset": [491, 508]}, {"key": "equal-to", "type": "definition", "offset": [582, 590]}, {"key": "accrued-and-unpaid-interest", "type": "definition", "offset": [650, 677]}, {"key": "provided-that", "type": "definition", "offset": [687, 700]}, {"key": "obligation-to", "type": "clause", "offset": [705, 718]}, {"key": "collateral-shall", "type": "definition", "offset": [737, 753]}, {"key": "effective-immediately", "type": "definition", "offset": [761, 782]}, {"key": "due-and-payable", "type": "definition", "offset": [826, 841]}, {"key": "notice-of-any", "type": "clause", "offset": [867, 880]}, {"key": "with-respect-to-the-borrower", "type": "clause", "offset": [931, 959]}, {"key": "in-clause", "type": "clause", "offset": [970, 979]}, {"key": "payment-and-performance-of-the-obligations", "type": "clause", "offset": [1078, 1120]}, {"key": "this-agreement", "type": "clause", "offset": [1143, 1157]}, {"key": "in-addition", "type": "clause", "offset": [1159, 1170]}, {"key": "without-limiting-the-foregoing", "type": "clause", "offset": [1176, 1206]}, {"key": "obligations-remain", "type": "clause", "offset": [1254, 1272]}, {"key": "expiration-date", "type": "definition", "offset": [1295, 1310]}, {"key": "the-collateral-account", "type": "clause", "offset": [1385, 1407]}, {"key": "agent-shall", "type": "definition", "offset": [1550, 1561]}, {"key": "dominion-and-control", "type": "clause", "offset": [1577, 1597]}, {"key": "right-of-withdrawal", "type": "clause", "offset": [1623, 1642]}, {"key": "interest-earned", "type": "clause", "offset": [1688, 1703]}, {"key": "investment-of", "type": "clause", "offset": [1711, 1724]}, {"key": "the-option", "type": "clause", "offset": [1775, 1785]}, {"key": "sole-discretion-of-the-administrative-agent", "type": "clause", "offset": [1790, 1833]}, {"key": "risk-and-expense", "type": "clause", "offset": [1856, 1872]}, {"key": "to-reimburse", "type": "definition", "offset": [2084, 2096]}, {"key": "related-fees", "type": "clause", "offset": [2186, 2198]}, {"key": "processing-charges", "type": "definition", "offset": [2221, 2239]}, {"key": "to-the-extent", "type": "clause", "offset": [2246, 2259]}, {"key": "satisfaction-of", "type": "clause", "offset": [2298, 2313]}, {"key": "reimbursement-obligations-of-the-borrower", "type": "clause", "offset": [2318, 2359]}, {"key": "subject-to-the", "type": "definition", "offset": [2456, 2470]}, {"key": "consent-of-lenders", "type": "clause", "offset": [2471, 2489]}, {"key": "other-obligations-of-the-borrower", "type": "clause", "offset": [2585, 2618]}, {"key": "to-provide", "type": "definition", "offset": [2669, 2679]}, {"key": "collateral-hereunder", "type": "clause", "offset": [2698, 2718]}, {"key": "occurrence-of-an-event-of-default", "type": "clause", "offset": [2738, 2771]}, {"key": "after-all-events-of-default", "type": "clause", "offset": [2891, 2918]}], "size": 496, "samples": [{"hash": "h0oZx0Qppic", "uri": "/contracts/h0oZx0Qppic#cash-collateralization", "label": "Credit Agreement (Alamo Group Inc)", "score": 37.4024640657, "published": true}, {"hash": "bpbeyTfWIGU", "uri": "/contracts/bpbeyTfWIGU#cash-collateralization", "label": "Credit Agreement (Digital Turbine, Inc.)", "score": 35.0999298096, "published": true}, {"hash": "eLY7HxsFUik", "uri": "/contracts/eLY7HxsFUik#cash-collateralization", "label": "Amended and Restated Credit Agreement (Digital Turbine, Inc.)", "score": 34.5982208252, "published": true}], "snippet": "(i) If any Event of Default shall occur and be continuing, on the Business Day that the Borrower receives notice from the Administrative Agent or the Required Revolving Lenders (or, if the maturity of the Loans has been accelerated, Revolving Lenders with L/C Obligations representing at least 66-2/3% of the total L/C Obligations) demanding the deposit of Cash Collateral pursuant to this clause (q), the Borrower shall immediately deposit into an account established and maintained on the books and records of the Administrative Agent (the \u201cCollateral Account\u201d) an amount in cash equal to 105% of the total L/C Obligations as of such date plus any accrued and unpaid interest thereon, provided that the obligation to deposit such Cash Collateral shall become effective immediately, and such deposit shall become immediately due and payable, without demand or other notice of any kind, upon the occurrence of any Event of Default with respect to the Borrower described in clause (f) of Section 8.01. Such deposit shall be held by the Administrative Agent as collateral for the payment and performance of the obligations of the Borrower under this Agreement. In addition, and without limiting the foregoing or clause (d) of this Section 2.03, if any L/C Obligations remain outstanding after the expiration date specified in said clause (d), the Borrower shall immediately deposit into the Collateral Account an amount in cash equal to 105% of such L/C Obligations as of such date plus any accrued and unpaid interest thereon.\n(ii) The Administrative Agent shall have exclusive dominion and control, including the exclusive right of withdrawal, over the Collateral Account. Other than any interest earned on the investment of such deposits, which investments shall be made at the option and sole discretion of the Administrative Agent and at the Borrower\u2019s risk and expense, such deposits shall not bear interest. Interest or profits, if any, on such investments shall accumulate in the Collateral Account. Moneys in the Collateral Account shall be applied by the Administrative Agent to reimburse the L/C Issuer for L/C Disbursements for which it has not been reimbursed, together with related fees, costs, and customary processing charges, and, to the extent not so applied, shall be held for the satisfaction of the reimbursement obligations of the Borrower for the L/C Obligations at such time or, if the maturity of the Loans has been accelerated (but subject to the consent of Lenders with L/C Obligations representing 66-2/3% of the total L/C Obligations), be applied to satisfy other obligations of the Borrower under this Agreement. If the Borrower is required to provide an amount of Cash Collateral hereunder as a result of the occurrence of an Event of Default, such amount (to the extent not applied as aforesaid) shall be returned to the Borrower within three (3) Business Days after all Events of Default have been cured or waived.", "hash": "12aa38d4e46797b5b3f0b2dec9988278", "id": 1}, {"snippet_links": [{"key": "default-shall", "type": "definition", "offset": [16, 29]}, {"key": "the-borrower-shall", "type": "clause", "offset": [55, 73]}, {"key": "the-business", "type": "clause", "offset": [78, 90]}, {"key": "the-administrative-agent", "type": "definition", "offset": [119, 143]}, {"key": "the-required-lenders", "type": "clause", "offset": [147, 167]}, {"key": "maturity-of-the-loans", "type": "clause", "offset": [180, 201]}, {"key": "revolving-credit-lenders", "type": "definition", "offset": [224, 248]}, {"key": "outstanding-letters-of-credit", "type": "definition", "offset": [275, 304]}, {"key": "aggregate-undrawn-amount", "type": "definition", "offset": [342, 366]}, {"key": "to-be-deposited", "type": "definition", "offset": [431, 446]}, {"key": "account-with", "type": "definition", "offset": [462, 474]}, {"key": "the-collateral-agent", "type": "definition", "offset": [475, 495]}, {"key": "for-the-benefit-of", "type": "definition", "offset": [497, 515]}, {"key": "the-revolving-credit", "type": "clause", "offset": [516, 536]}, {"key": "equal-to", "type": "definition", "offset": [564, 572]}, {"key": "payment-and-performance-of-the-obligations", "type": "clause", "offset": [680, 722]}, {"key": "agent-shall", "type": "definition", "offset": [739, 750]}, {"key": "dominion-and-control", "type": "clause", "offset": [766, 786]}, {"key": "right-of-withdrawal", "type": "clause", "offset": [812, 831]}, {"key": "interest-earned", "type": "clause", "offset": [867, 882]}, {"key": "investment-of", "type": "clause", "offset": [890, 903]}, {"key": "permitted-investments", "type": "definition", "offset": [921, 942]}, {"key": "the-option", "type": "clause", "offset": [979, 989]}, {"key": "sole-discretion", "type": "definition", "offset": [994, 1009]}, {"key": "to-reimburse", "type": "definition", "offset": [1243, 1255]}, {"key": "the-issuing-bank", "type": "clause", "offset": [1256, 1272]}, {"key": "satisfaction-of", "type": "clause", "offset": [1354, 1369]}, {"key": "reimbursement-obligations-of-the-borrower", "type": "clause", "offset": [1374, 1415]}, {"key": "subject-to-the", "type": "definition", "offset": [1515, 1529]}, {"key": "consent-of", "type": "clause", "offset": [1530, 1540]}, {"key": "to-provide", "type": "definition", "offset": [1790, 1800]}, {"key": "collateral-hereunder", "type": "clause", "offset": [1819, 1839]}, {"key": "occurrence-of-an-event-of-default", "type": "clause", "offset": [1859, 1892]}, {"key": "to-the-extent", "type": "clause", "offset": [1907, 1920]}, {"key": "to-the-borrower", "type": "definition", "offset": [1965, 1980]}, {"key": "after-all-events-of-default", "type": "clause", "offset": [2008, 2035]}], "size": 234, "samples": [{"hash": "l9ij9TW8MnX", "uri": "/contracts/l9ij9TW8MnX#cash-collateralization", "label": "First Lien Credit Agreement (Hawkeye Holdings, Inc.)", "score": 21.0, "published": true}, {"hash": "eVATXNW7a3a", "uri": "/contracts/eVATXNW7a3a#cash-collateralization", "label": "Credit Agreement (Deltek, Inc)", "score": 21.0, "published": true}, {"hash": "eHsFML6fYNT", "uri": "/contracts/eHsFML6fYNT#cash-collateralization", "label": "Credit Agreement (Cbre Holding Inc)", "score": 21.0, "published": true}], "snippet": "If any Event of Default shall occur and be continuing, the Borrower shall, on the Business Day it receives notice from the Administrative Agent or the Required Lenders (or, if the maturity of the Loans has been accelerated, Revolving Credit Lenders holding participations in outstanding Letters of Credit representing greater than 50% of the aggregate undrawn amount of all outstanding Letters of Credit) thereof and of the amount to be deposited, deposit in an account with the Collateral Agent, for the benefit of the Revolving Credit Lenders, an amount in cash equal to the L/C Exposure as of such date. Such deposit shall be held by the Collateral Agent as collateral for the payment and performance of the Obligations. The Collateral Agent shall have exclusive dominion and control, including the exclusive right of withdrawal, over such account. Other than any interest earned on the investment of such deposits in Permitted Investments, which investments shall be made at the option and sole discretion of the Collateral Agent, such deposits shall not bear interest. Interest or profits, if any, on such investments shall accumulate in such account. Moneys in such account shall (i) automatically be applied by the Administrative Agent to reimburse the Issuing Bank for L/C Disbursements for which it has not been reimbursed, (ii) be held for the satisfaction of the reimbursement obligations of the Borrower for the L/C Exposure at such time and (iii) if the maturity of the Loans has been accelerated (but subject to the consent of Revolving Credit Lenders holding participations in outstanding Letters of Credit representing greater than 50% of the aggregate undrawn amount of all outstanding Letters of Credit), be applied to satisfy the Obligations. If the Borrower is required to provide an amount of cash collateral hereunder as a result of the occurrence of an Event of Default, such amount (to the extent not applied as aforesaid) shall be returned to the Borrower within three Business Days after all Events of Default have been cured or waived.", "hash": "e1240643115f02a851b673e967a3f5bf", "id": 9}, {"snippet_links": [{"key": "default-shall", "type": "definition", "offset": [16, 29]}, {"key": "the-business", "type": "clause", "offset": [58, 70]}, {"key": "the-required-lenders", "type": "clause", "offset": [142, 162]}, {"key": "maturity-of-the-loans", "type": "clause", "offset": [175, 196]}, {"key": "total-lc-exposure", "type": "definition", "offset": [281, 298]}, {"key": "deposit-of-cash-collateral", "type": "clause", "offset": [314, 340]}, {"key": "pursuant-to", "type": "clause", "offset": [341, 352]}, {"key": "the-borrower-shall", "type": "clause", "offset": [369, 387]}, {"key": "account-with", "type": "definition", "offset": [402, 414]}, {"key": "benefit-of-the-lenders", "type": "clause", "offset": [493, 515]}, {"key": "equal-to", "type": "definition", "offset": [535, 543]}, {"key": "accrued-and-unpaid-interest", "type": "definition", "offset": [585, 612]}, {"key": "provided-that", "type": "definition", "offset": [622, 635]}, {"key": "obligation-to", "type": "clause", "offset": [640, 653]}, {"key": "collateral-shall", "type": "definition", "offset": [672, 688]}, {"key": "effective-immediately", "type": "definition", "offset": [696, 717]}, {"key": "due-and-payable", "type": "definition", "offset": [761, 776]}, {"key": "notice-of-any", "type": "clause", "offset": [802, 815]}, {"key": "with-respect-to-the-borrower", "type": "clause", "offset": [866, 894]}, {"key": "in-clause", "type": "clause", "offset": [905, 914]}, {"key": "article-vii", "type": "definition", "offset": [929, 940]}, {"key": "payment-and-performance-of-the-obligations", "type": "clause", "offset": [1019, 1061]}, {"key": "this-agreement", "type": "clause", "offset": [1084, 1098]}, {"key": "agent-shall", "type": "definition", "offset": [1119, 1130]}, {"key": "dominion-and-control", "type": "clause", "offset": [1146, 1166]}, {"key": "right-of-withdrawal", "type": "clause", "offset": [1192, 1211]}, {"key": "interest-earned", "type": "clause", "offset": [1247, 1262]}, {"key": "investment-of", "type": "clause", "offset": [1270, 1283]}, {"key": "the-option", "type": "clause", "offset": [1334, 1344]}, {"key": "sole-discretion-of-the-administrative-agent", "type": "clause", "offset": [1349, 1392]}, {"key": "risk-and-expense", "type": "clause", "offset": [1415, 1431]}, {"key": "to-reimburse", "type": "definition", "offset": [1623, 1635]}, {"key": "the-issuing-bank", "type": "clause", "offset": [1636, 1652]}, {"key": "lc-disbursements", "type": "definition", "offset": [1657, 1673]}, {"key": "to-the-extent", "type": "clause", "offset": [1716, 1729]}, {"key": "satisfaction-of", "type": "clause", "offset": [1768, 1783]}, {"key": "reimbursement-obligations-of-the-borrower", "type": "clause", "offset": [1788, 1829]}, {"key": "subject-to-the", "type": "definition", "offset": [1922, 1936]}, {"key": "consent-of-lenders", "type": "clause", "offset": [1937, 1955]}, {"key": "other-obligations-of-the-borrower", "type": "clause", "offset": [2052, 2085]}, {"key": "to-provide", "type": "definition", "offset": [2136, 2146]}, {"key": "collateral-hereunder", "type": "clause", "offset": [2165, 2185]}, {"key": "occurrence-of-an-event-of-default", "type": "clause", "offset": [2205, 2238]}, {"key": "after-all-events-of-default", "type": "clause", "offset": [2354, 2381]}], "size": 490, "samples": [{"hash": "fo4mFKv6QKR", "uri": "/contracts/fo4mFKv6QKR#cash-collateralization", "label": "Credit Agreement (Almost Family Inc)", "score": 21.0, "published": true}, {"hash": "bYCnQTsIHF3", "uri": "/contracts/bYCnQTsIHF3#cash-collateralization", "label": "Credit Agreement", "score": 21.0, "published": true}, {"hash": "70ZeazA8LQb", "uri": "/contracts/70ZeazA8LQb#cash-collateralization", "label": "Credit Agreement (Almost Family Inc)", "score": 21.0, "published": true}], "snippet": "If any Event of Default shall occur and be continuing, on the Business Day that the Borrower receives notice from the Administrative Agent or the Required Lenders (or, if the maturity of the Loans has been accelerated, Lenders with LC Exposure representing greater than 50% of the total LC Exposure) demanding the deposit of cash collateral pursuant to this paragraph, the Borrower shall deposit in an account with the Administrative Agent, in the name of the Administrative Agent and for the benefit of the Lenders, an amount in cash equal to the LC Exposure as of such date plus any accrued and unpaid interest thereon; provided that the obligation to deposit such cash collateral shall become effective immediately, and such deposit shall become immediately due and payable, without demand or other notice of any kind, upon the occurrence of any Event of Default with respect to the Borrower described in clause (h) or (i) of Article VII. Such deposit shall be held by the Administrative Agent as collateral for the payment and performance of the obligations of the Borrower under this Agreement. The Administrative Agent shall have exclusive dominion and control, including the exclusive right of withdrawal, over such account. Other than any interest earned on the investment of such deposits, which investments shall be made at the option and sole discretion of the Administrative Agent and at the Borrower's risk and expense, such deposits shall not bear interest. Interest or profits, if any, on such investments shall accumulate in such account. Moneys in such account shall be applied by the Administrative Agent to reimburse the Issuing Bank for LC Disbursements for which it has not been reimbursed and, to the extent not so applied, shall be held for the satisfaction of the reimbursement obligations of the Borrower for the LC Exposure at such time or, if the maturity of the Loans has been accelerated (but subject to the consent of Lenders with LC Exposure representing greater than 50% of the total LC Exposure), be applied to satisfy other obligations of the Borrower under this Agreement. If the Borrower is required to provide an amount of cash collateral hereunder as a result of the occurrence of an Event of Default, such amount (to the extent not applied as aforesaid) shall be returned to the Borrower within three Business Days after all Events of Default have been cured or waived.", "hash": "6b24296d98ea6b8dfe01126b826493c6", "id": 2}, {"snippet_links": [{"key": "default-shall", "type": "definition", "offset": [16, 29]}, {"key": "the-business", "type": "clause", "offset": [58, 70]}, {"key": "the-required-lenders", "type": "clause", "offset": [142, 162]}, {"key": "maturity-of-the-loans", "type": "clause", "offset": [175, 196]}, {"key": "revolving-lenders", "type": "definition", "offset": [219, 236]}, {"key": "total-lc-exposure", "type": "definition", "offset": [291, 308]}, {"key": "deposit-of-cash-collateral", "type": "clause", "offset": [324, 350]}, {"key": "pursuant-to", "type": "clause", "offset": [351, 362]}, {"key": "the-borrower-shall", "type": "clause", "offset": [379, 397]}, {"key": "account-with", "type": "definition", "offset": [412, 424]}, {"key": "benefit-of-the-lenders", "type": "clause", "offset": [503, 525]}, {"key": "equal-to", "type": "definition", "offset": [545, 553]}, {"key": "accrued-and-unpaid-interest", "type": "definition", "offset": [603, 630]}, {"key": "provided-that", "type": "definition", "offset": [640, 653]}, {"key": "obligation-to", "type": "clause", "offset": [658, 671]}, {"key": "collateral-shall", "type": "definition", "offset": [690, 706]}, {"key": "effective-immediately", "type": "definition", "offset": [714, 735]}, {"key": "due-and-payable", "type": "definition", "offset": [779, 794]}, {"key": "notice-of-any", "type": "clause", "offset": [820, 833]}, {"key": "with-respect-to-the-borrower", "type": "clause", "offset": [884, 912]}, {"key": "in-clause", "type": "clause", "offset": [923, 932]}, {"key": "article-vii", "type": "definition", "offset": [947, 958]}, {"key": "payment-and-performance-of-the-obligations", "type": "clause", "offset": [1042, 1084]}, {"key": "this-agreement", "type": "clause", "offset": [1107, 1121]}, {"key": "agent-shall", "type": "definition", "offset": [1142, 1153]}, {"key": "dominion-and-control", "type": "clause", "offset": [1169, 1189]}, {"key": "right-of-withdrawal", "type": "clause", "offset": [1215, 1234]}, {"key": "interest-earned", "type": "clause", "offset": [1270, 1285]}, {"key": "investment-of", "type": "clause", "offset": [1293, 1306]}, {"key": "the-option", "type": "clause", "offset": [1357, 1367]}, {"key": "sole-discretion-of-the-administrative-agent", "type": "clause", "offset": [1372, 1415]}, {"key": "risk-and-expense", "type": "clause", "offset": [1438, 1454]}, {"key": "to-reimburse", "type": "definition", "offset": [1646, 1658]}, {"key": "the-issuing-bank", "type": "clause", "offset": [1659, 1675]}, {"key": "lc-disbursements", "type": "definition", "offset": [1680, 1696]}, {"key": "to-the-extent", "type": "clause", "offset": [1739, 1752]}, {"key": "satisfaction-of", "type": "clause", "offset": [1791, 1806]}, {"key": "reimbursement-obligations-of-the-borrower", "type": "clause", "offset": [1811, 1852]}, {"key": "subject-to-the", "type": "definition", "offset": [1945, 1959]}, {"key": "consent-of", "type": "clause", "offset": [1960, 1970]}, {"key": "other-obligations-of-the-borrower", "type": "clause", "offset": [2085, 2118]}, {"key": "to-provide", "type": "definition", "offset": [2169, 2179]}, {"key": "collateral-hereunder", "type": "clause", "offset": [2198, 2218]}, {"key": "occurrence-of-an-event-of-default", "type": "clause", "offset": [2238, 2271]}, {"key": "after-all-events-of-default", "type": "clause", "offset": [2387, 2414]}], "size": 338, "samples": [{"hash": "hPEWgISybBR", "uri": "/contracts/hPEWgISybBR#cash-collateralization", "label": "Credit Agreement (Huntsman Packaging Corp)", "score": 18.0, "published": true}, {"hash": "eWAZYK8EACc", "uri": "/contracts/eWAZYK8EACc#cash-collateralization", "label": "Credit Agreement (Advance Stores Co Inc)", "score": 18.0, "published": true}, {"hash": "cptVl4LYJD2", "uri": "/contracts/cptVl4LYJD2#cash-collateralization", "label": "Amendment and Restatement Agreement (Argo Tech Corp)", "score": 18.0, "published": true}], "snippet": "If any Event of Default shall occur and be continuing, on the Business Day that the Borrower receives notice from the Administrative Agent or the Required Lenders (or, if the maturity of the Loans has been accelerated, Revolving Lenders with LC Exposure representing greater than 50% of the total LC Exposure) demanding the deposit of cash collateral pursuant to this paragraph, the Borrower shall deposit in an account with the Administrative Agent, in the name of the Administrative Agent and for the benefit of the Lenders, an amount in cash equal to 105% of the LC Exposure as of such date plus any accrued and unpaid interest thereon; provided that the obligation to deposit such cash collateral shall become effective immediately, and such deposit shall become immediately due and payable, without demand or other notice of any kind, upon the occurrence of any Event of Default with respect to the Borrower described in clause (h) or (i) of Article VII. Each such deposit shall be held by the Administrative Agent as collateral for the payment and performance of the obligations of the Borrower under this Agreement. The Administrative Agent shall have exclusive dominion and control, including the exclusive right of withdrawal, over such account. Other than any interest earned on the investment of such deposits, which investments shall be made at the option and sole discretion of the Administrative Agent and at the Borrower's risk and expense, such deposits shall not bear interest. Interest or profits, if any, on such investments shall accumulate in such account. Moneys in such account shall be applied by the Administrative Agent to reimburse the Issuing Bank for LC Disbursements for which it has not been reimbursed and, to the extent not so applied, shall be held for the satisfaction of the reimbursement obligations of the Borrower for the LC Exposure at such time or, if the maturity of the Loans has been accelerated (but subject to the consent of Revolving Lenders with LC Exposure representing greater than 50% of the total LC Exposure), be applied to satisfy other obligations of the Borrower under this Agreement. If the Borrower is required to provide an amount of cash collateral hereunder as a result of the occurrence of an Event of Default, such amount (to the extent not applied as aforesaid) shall be returned to the Borrower within three Business Days after all Events of Default have been cured or waived.", "hash": "e70db0a6ef8a3bffcb4ad8caf849a543", "id": 3}, {"snippet_links": [{"key": "default-shall", "type": "definition", "offset": [16, 29]}, {"key": "the-business", "type": "clause", "offset": [58, 70]}, {"key": "required-revolving-lenders", "type": "definition", "offset": [146, 172]}, {"key": "deposit-of-cash-collateral", "type": "clause", "offset": [187, 213]}, {"key": "pursuant-to", "type": "clause", "offset": [214, 225]}, {"key": "the-borrower-shall", "type": "clause", "offset": [242, 260]}, {"key": "account-with", "type": "definition", "offset": [275, 287]}, {"key": "for-the-benefit-of", "type": "definition", "offset": [358, 376]}, {"key": "equal-to", "type": "definition", "offset": [421, 429]}, {"key": "accrued-and-unpaid-interest", "type": "definition", "offset": [479, 506]}, {"key": "provided-that", "type": "definition", "offset": [516, 529]}, {"key": "obligation-to", "type": "clause", "offset": [534, 547]}, {"key": "collateral-shall", "type": "definition", "offset": [566, 582]}, {"key": "effective-immediately", "type": "definition", "offset": [590, 611]}, {"key": "due-and-payable", "type": "definition", "offset": [655, 670]}, {"key": "notice-of-any", "type": "clause", "offset": [696, 709]}, {"key": "with-respect-to-the-borrower", "type": "clause", "offset": [760, 788]}, {"key": "in-clause", "type": "clause", "offset": [799, 808]}, {"key": "article-vii", "type": "definition", "offset": [823, 834]}, {"key": "payment-and-performance-of-the-obligations", "type": "clause", "offset": [913, 955]}, {"key": "this-agreement", "type": "clause", "offset": [978, 992]}, {"key": "the-revolving-facility", "type": "clause", "offset": [1009, 1031]}, {"key": "agent-shall", "type": "definition", "offset": [1052, 1063]}, {"key": "dominion-and-control", "type": "clause", "offset": [1079, 1099]}, {"key": "right-of-withdrawal", "type": "clause", "offset": [1125, 1144]}, {"key": "interest-earned", "type": "clause", "offset": [1180, 1195]}, {"key": "investment-of", "type": "clause", "offset": [1203, 1216]}, {"key": "the-option", "type": "clause", "offset": [1267, 1277]}, {"key": "sole-discretion-of-the-administrative-agent", "type": "clause", "offset": [1282, 1325]}, {"key": "risk-and-expense", "type": "clause", "offset": [1348, 1364]}, {"key": "to-reimburse", "type": "definition", "offset": [1556, 1568]}, {"key": "the-issuing-bank", "type": "clause", "offset": [1569, 1585]}, {"key": "lc-disbursements", "type": "definition", "offset": [1590, 1606]}, {"key": "to-the-extent", "type": "clause", "offset": [1649, 1662]}, {"key": "satisfaction-of", "type": "clause", "offset": [1701, 1716]}, {"key": "reimbursement-obligations-of-the-borrower", "type": "clause", "offset": [1721, 1762]}, {"key": "maturity-of-the-loans", "type": "clause", "offset": [1807, 1828]}, {"key": "subject-to-the", "type": "definition", "offset": [1855, 1869]}, {"key": "consent-of-lenders", "type": "clause", "offset": [1870, 1888]}, {"key": "total-lc-exposure", "type": "definition", "offset": [1943, 1960]}, {"key": "other-obligations-of-the-borrower", "type": "clause", "offset": [1985, 2018]}, {"key": "to-provide", "type": "definition", "offset": [2108, 2118]}, {"key": "collateral-hereunder", "type": "clause", "offset": [2137, 2157]}, {"key": "occurrence-of-an-event-of-default", "type": "clause", "offset": [2177, 2210]}, {"key": "after-all-events-of-default", "type": "clause", "offset": [2326, 2353]}], "size": 312, "samples": [{"hash": "b0KZ3acE8k6", "uri": "/contracts/b0KZ3acE8k6#cash-collateralization", "label": "Credit Agreement (Donnelley Financial Solutions, Inc.)", "score": 36.1978111267, "published": true}, {"hash": "fnMJgiNRdlY", "uri": "/contracts/fnMJgiNRdlY#cash-collateralization", "label": "Credit Agreement (Donnelley Financial Solutions, Inc.)", "score": 34.5824775696, "published": true}, {"hash": "yMalTmCCuh", "uri": "/contracts/yMalTmCCuh#cash-collateralization", "label": "Credit Agreement (Donnelley Financial Solutions, Inc.)", "score": 32.414100647, "published": true}], "snippet": "If any Event of Default shall occur and be continuing, on the Business Day that the Borrower receives notice from the Administrative Agent or the Required Revolving Lenders demanding the deposit of cash collateral pursuant to this paragraph, the Borrower shall deposit in an account with the Administrative Agent, in the name of the Administrative Agent and for the benefit of the Revolving Lenders, an amount in Dollars equal to 102% of the LC Exposure as of such date plus any accrued and unpaid interest thereon; provided that the obligation to deposit such cash collateral shall become effective immediately, and such deposit shall become immediately due and payable, without demand or other notice of any kind, upon the occurrence of any Event of Default with respect to the Borrower described in clause (h) or (i) of Article VII. Such deposit shall be held by the Administrative Agent as collateral for the payment and performance of the obligations of the Borrower under this Agreement with respect to the Revolving Facility. The Administrative Agent shall have exclusive dominion and control, including the exclusive right of withdrawal, over such account. Other than any interest earned on the investment of such deposits, which investments shall be made at the option and sole discretion of the Administrative Agent and at the Borrower\u2019s risk and expense, such deposits shall not bear interest. Interest or profits, if any, on such investments shall accumulate in such account. Moneys in such account shall be applied by the Administrative Agent to reimburse the Issuing Bank for LC Disbursements for which it has not been reimbursed and, to the extent not so applied, shall be held for the satisfaction of the reimbursement obligations of the Borrower for the LC Exposure at such time or, if the maturity of the Loans has been accelerated (but subject to the consent of Lenders with LC Exposure representing greater than 50% of the total LC Exposure), be applied to satisfy other obligations of the Borrower under this Agreement with respect to the Revolving Facility. If the Borrower is required to provide an amount of cash collateral hereunder as a result of the occurrence of an Event of Default, such amount (to the extent not applied as aforesaid) shall be returned to the Borrower within three Business Days after all Events of Default have been cured or waived.", "hash": "5b475774c0d80e1f1f8df77f78583aad", "id": 4}, {"snippet_links": [{"key": "default-shall", "type": "definition", "offset": [16, 29]}, {"key": "the-business", "type": "clause", "offset": [58, 70]}, {"key": "the-required-lenders", "type": "clause", "offset": [141, 161]}, {"key": "maturity-of-the-loans", "type": "clause", "offset": [174, 195]}, {"key": "the-total", "type": "clause", "offset": [280, 289]}, {"key": "deposit-of-cash-collateral", "type": "clause", "offset": [321, 347]}, {"key": "pursuant-to", "type": "clause", "offset": [348, 359]}, {"key": "this-clause", "type": "clause", "offset": [360, 371]}, {"key": "the-company-shall", "type": "clause", "offset": [373, 390]}, {"key": "books-and-records", "type": "definition", "offset": [461, 478]}, {"key": "equal-to", "type": "definition", "offset": [552, 560]}, {"key": "the-commitments", "type": "clause", "offset": [568, 583]}, {"key": "accrued-and-unpaid-interest", "type": "definition", "offset": [665, 692]}, {"key": "minimum-collateral-amount", "type": "definition", "offset": [759, 784]}, {"key": "provided-that", "type": "definition", "offset": [786, 799]}, {"key": "obligation-to", "type": "clause", "offset": [804, 817]}, {"key": "collateral-shall", "type": "definition", "offset": [836, 852]}, {"key": "effective-immediately", "type": "definition", "offset": [860, 881]}, {"key": "due-and-payable", "type": "definition", "offset": [925, 940]}, {"key": "notice-of-any", "type": "clause", "offset": [966, 979]}, {"key": "with-respect-to-the-company", "type": "clause", "offset": [1030, 1057]}, {"key": "in-clause", "type": "clause", "offset": [1068, 1077]}, {"key": "performance-of-the-obligations-of-the-company", "type": "clause", "offset": [1188, 1233]}, {"key": "this-agreement", "type": "clause", "offset": [1240, 1254]}, {"key": "in-addition", "type": "clause", "offset": [1256, 1267]}, {"key": "without-limiting-the-foregoing", "type": "clause", "offset": [1273, 1303]}, {"key": "obligations-remain", "type": "clause", "offset": [1346, 1364]}, {"key": "expiration-date", "type": "definition", "offset": [1387, 1402]}, {"key": "the-collateral-account", "type": "clause", "offset": [1476, 1498]}, {"key": "agent-shall", "type": "definition", "offset": [1636, 1647]}, {"key": "dominion-and-control", "type": "clause", "offset": [1663, 1683]}, {"key": "right-of-withdrawal", "type": "clause", "offset": [1709, 1728]}, {"key": "interest-earned", "type": "clause", "offset": [1774, 1789]}, {"key": "investment-of", "type": "clause", "offset": [1797, 1810]}, {"key": "the-option", "type": "clause", "offset": [1861, 1871]}, {"key": "sole-discretion-of-the-administrative-agent", "type": "clause", "offset": [1876, 1919]}, {"key": "risk-and-expense", "type": "clause", "offset": [1941, 1957]}, {"key": "to-reimburse", "type": "definition", "offset": [2169, 2181]}, {"key": "related-fees", "type": "clause", "offset": [2272, 2284]}, {"key": "processing-charges", "type": "definition", "offset": [2307, 2325]}, {"key": "to-the-extent", "type": "clause", "offset": [2332, 2345]}, {"key": "satisfaction-of", "type": "clause", "offset": [2384, 2399]}, {"key": "reimbursement-obligations-of-the-company", "type": "clause", "offset": [2404, 2444]}, {"key": "subject-to-the", "type": "definition", "offset": [2541, 2555]}, {"key": "consent-of-lenders", "type": "clause", "offset": [2556, 2574]}, {"key": "other-obligations-of-the-company", "type": "clause", "offset": [2670, 2702]}, {"key": "to-provide", "type": "definition", "offset": [2752, 2762]}, {"key": "collateral-hereunder", "type": "clause", "offset": [2781, 2801]}, {"key": "occurrence-of-an-event-of-default", "type": "clause", "offset": [2821, 2854]}, {"key": "after-all-events-of-default", "type": "clause", "offset": [2969, 2996]}], "size": 300, "samples": [{"hash": "3dLFxLxXDxa", "uri": "/contracts/3dLFxLxXDxa#cash-collateralization", "label": "Credit Agreement (Jacobs Solutions Inc.)", "score": 37.2053375244, "published": true}, {"hash": "3i6X5X0p7mv", "uri": "/contracts/3i6X5X0p7mv#cash-collateralization", "label": "Credit Agreement (Jacobs Solutions Inc.)", "score": 34.1006164551, "published": true}, {"hash": "17efQWQ7mTU", "uri": "/contracts/17efQWQ7mTU#cash-collateralization", "label": "Credit Agreement (Jacobs Engineering Group Inc /De/)", "score": 31.96235466, "published": true}], "snippet": "If any Event of Default shall occur and be continuing, on the Business Day that the Company receives notice from the Administrative Agent or the Required Lenders (or, if the maturity of the Loans has been accelerated, Lenders with L/C Obligations representing at least 66-2/3% of the total L/C Obligations) demanding the deposit of Cash Collateral pursuant to this clause, the Company shall immediately deposit into an account established and maintained on the books and records of the Administrative Agent (the \u201cCollateral Account\u201d) an amount in cash equal to (i) if the Commitments have been terminated, 105% of the total L/C Obligations as of such date plus any accrued and unpaid interest thereon and (ii) if the Commitments have not been terminated, the Minimum Collateral Amount, provided that the obligation to deposit such Cash Collateral shall become effective immediately, and such deposit shall become immediately due and payable, without demand or other notice of any kind, upon the occurrence of any Event of Default with respect to the Company described in clause (f) of Section 8.01. Such deposit shall be held by the Administrative Agent as collateral for the payment and performance of the obligations of the Company under this Agreement. In addition, and without limiting the foregoing or clause (d) of this Section, if any L/C Obligations remain outstanding after the expiration date specified in said clause (d), the Company shall immediately deposit into the Collateral Account an amount in cash equal to 105% of such L/C Obligations as of such date plus any accrued and unpaid interest thereon. The Administrative Agent shall have exclusive dominion and control, including the exclusive right of withdrawal, over the Collateral Account. Other than any interest earned on the investment of such deposits, which investments shall be made at the option and sole discretion of the Administrative Agent and at the Company\u2019s risk and expense, such deposits shall not bear interest. Interest or profits, if any, on such investments shall accumulate in the Collateral Account. Moneys in the Collateral Account shall be applied by the Administrative Agent to reimburse each L/C Issuer for L/C Disbursements for which it has not been reimbursed, together with related fees, costs, and customary processing charges, and, to the extent not so applied, shall be held for the satisfaction of the reimbursement obligations of the Company for the L/C Obligations at such time or, if the maturity of the Loans has been accelerated (but subject to the consent of Lenders with L/C Obligations representing 66-2/3% of the total L/C Obligations), be applied to satisfy other obligations of the Company under this Agreement. If the Company is required to provide an amount of Cash Collateral hereunder as a result of the occurrence of an Event of Default, such amount (to the extent not applied as aforesaid) shall be returned to the Company within three Business Days after all Events of Default have been cured or waived.", "hash": "dd3bfc72b1affa7eabb92d0145d6fd45", "id": 5}, {"snippet_links": [{"key": "under-clause", "type": "clause", "offset": [24, 36]}, {"key": "article-vii", "type": "definition", "offset": [61, 72]}, {"key": "the-business", "type": "clause", "offset": [140, 152]}, {"key": "the-administrative-agent", "type": "definition", "offset": [196, 220]}, {"key": "the-required-lenders", "type": "clause", "offset": [224, 244]}, {"key": "maturity-of-the-loans", "type": "clause", "offset": [257, 278]}, {"key": "deposit-of-cash-collateral", "type": "clause", "offset": [381, 407]}, {"key": "the-borrower-shall", "type": "clause", "offset": [436, 454]}, {"key": "outstanding-letter-of-credit", "type": "definition", "offset": [485, 513]}, {"key": "account-with", "type": "definition", "offset": [521, 533]}, {"key": "benefit-of-the-lenders", "type": "clause", "offset": [612, 634]}, {"key": "currency-of", "type": "definition", "offset": [665, 676]}, {"key": "equal-to", "type": "definition", "offset": [699, 707]}, {"key": "lc-exposure", "type": "clause", "offset": [712, 723]}, {"key": "accrued-and-unpaid-interest", "type": "definition", "offset": [787, 814]}, {"key": "provided-that", "type": "definition", "offset": [824, 837]}, {"key": "obligation-to", "type": "clause", "offset": [842, 855]}, {"key": "collateral-shall", "type": "definition", "offset": [874, 890]}, {"key": "effective-immediately", "type": "definition", "offset": [898, 919]}, {"key": "due-and-payable", "type": "definition", "offset": [963, 978]}, {"key": "notice-of-any", "type": "clause", "offset": [1004, 1017]}, {"key": "with-respect-to-the-borrower", "type": "clause", "offset": [1068, 1096]}, {"key": "in-clause", "type": "clause", "offset": [1107, 1116]}, {"key": "deposit-cash", "type": "clause", "offset": [1168, 1180]}, {"key": "in-accordance-with", "type": "clause", "offset": [1192, 1210]}, {"key": "to-the-extent", "type": "clause", "offset": [1233, 1246]}, {"key": "required-by", "type": "definition", "offset": [1247, 1258]}, {"key": "payment-and-performance-of-the-obligations", "type": "clause", "offset": [1358, 1400]}, {"key": "this-agreement", "type": "clause", "offset": [1423, 1437]}, {"key": "agent-shall", "type": "definition", "offset": [1458, 1469]}, {"key": "dominion-and-control", "type": "clause", "offset": [1485, 1505]}, {"key": "right-of-withdrawal", "type": "clause", "offset": [1531, 1550]}, {"key": "interest-earned", "type": "clause", "offset": [1586, 1601]}, {"key": "investment-of", "type": "clause", "offset": [1609, 1622]}, {"key": "investments-of-a", "type": "clause", "offset": [1673, 1689]}, {"key": "the-borrower-and-the", "type": "clause", "offset": [1711, 1731]}, {"key": "risk-and-expense", "type": "clause", "offset": [1775, 1791]}, {"key": "to-reimburse", "type": "definition", "offset": [1983, 1995]}, {"key": "the-issuing-banks", "type": "clause", "offset": [1996, 2013]}, {"key": "lc-disbursements", "type": "definition", "offset": [2018, 2034]}, {"key": "satisfaction-of", "type": "clause", "offset": [2132, 2147]}, {"key": "reimbursement-obligations-of-the-borrower", "type": "clause", "offset": [2152, 2193]}, {"key": "subject-to-the", "type": "definition", "offset": [2286, 2300]}, {"key": "consent-of-the-lenders", "type": "clause", "offset": [2301, 2323]}, {"key": "other-obligations-of-the-borrower", "type": "clause", "offset": [2423, 2456]}, {"key": "to-provide", "type": "definition", "offset": [2507, 2517]}, {"key": "collateral-hereunder", "type": "clause", "offset": [2523, 2543]}, {"key": "occurrence-of-an-event-of-default", "type": "clause", "offset": [2563, 2596]}, {"key": "after-all-events-of-default", "type": "clause", "offset": [2721, 2748]}, {"key": "pursuant-to-section", "type": "definition", "offset": [2841, 2860]}, {"key": "after-giving", "type": "clause", "offset": [2993, 3005]}, {"key": "aggregate-credit-exposures", "type": "definition", "offset": [3033, 3059]}, {"key": "aggregate-commitments", "type": "definition", "offset": [3081, 3102]}, {"key": "default-shall", "type": "definition", "offset": [3110, 3123]}], "size": 285, "samples": [{"hash": "iI5hN8AAFnq", "uri": "/contracts/iI5hN8AAFnq#cash-collateralization", "label": "Credit Agreement (Blackstone Inc.)", "score": 36.7919235229, "published": true}, {"hash": "8ZR5bFfi4F1", "uri": "/contracts/8ZR5bFfi4F1#cash-collateralization", "label": "Credit Agreement (Blackstone Inc.)", "score": 34.9657783508, "published": true}, {"hash": "6Vr2dLWLEzQ", "uri": "/contracts/6Vr2dLWLEzQ#cash-collateralization", "label": "Credit Agreement (Blackstone Inc.)", "score": 33.4325790405, "published": true}], "snippet": "If any Event of Default under clause (b), (c), (g) or (h) of Article VII shall occur and be continuing, on the first Business Day following the Business Day that the Borrower receives notice from the Administrative Agent or the Required Lenders (or, if the maturity of the Loans has been accelerated, Lenders representing more than 50% of the aggregate LC Exposures) demanding the deposit of Cash Collateral pursuant to this paragraph, the Borrower shall deposit, with respect to each outstanding Letter of Credit, in an account with the Administrative Agent, in the name of the Administrative Agent and for the benefit of the Lenders, an amount in cash and in the currency of such Letter of Credit equal to the LC Exposure attributable to such Letter of Credit as of such date plus any accrued and unpaid interest thereon; provided that the obligation to deposit such Cash Collateral shall become effective immediately, and such deposit shall become immediately due and payable, without demand or other notice of any kind, upon the occurrence of any Event of Default with respect to the Borrower described in clause (g) or (h) of Article VII. The Borrower also shall deposit Cash Collateral in accordance with this paragraph as and to the extent required by Section 2.10(b). Each such deposit shall be held by the Administrative Agent as collateral for the payment and performance of the obligations of the Borrower under this Agreement. The Administrative Agent shall have exclusive dominion and control, including the exclusive right of withdrawal, over such account. Other than any interest earned on the investment of such deposits, which investments shall be made in investments of a type to be agreed by the Borrower and the Administrative Agent and at the Borrower\u2019s risk and expense, such deposits shall not bear interest. Interest or profits, if any, on such investments shall accumulate in such account. Monies in such account shall be applied by the Administrative Agent to reimburse the Issuing Banks for LC Disbursements for which they have not been reimbursed and, to the extent not so applied, shall be held for the satisfaction of the reimbursement obligations of the Borrower for the LC Exposure at such time or, if the maturity of the Loans has been accelerated (but subject to the consent of the Lenders with LC Exposures representing more than 50% of the aggregate LC Exposures), be applied to satisfy other obligations of the Borrower under this Agreement. If the Borrower is required to provide Cash Collateral hereunder as a result of the occurrence of an Event of Default, such Cash Collateral (to the extent not applied as aforesaid) shall be returned to the Borrower within three Business Days after all Events of Default have been cured or waived. If the Borrower is required to provide cash collateral hereunder pursuant to Section 2.10(b), such cash collateral (to the extent not applied as aforesaid) shall be returned to the Borrower as and to the extent that, after giving effect to such return, the aggregate Credit Exposures would not exceed the aggregate Commitments and no Default shall have occurred and be continuing.", "hash": "5fa95965704d6fddb6946c885c9a6780", "id": 6}, {"snippet_links": [{"key": "default-shall", "type": "definition", "offset": [16, 29]}, {"key": "the-business", "type": "clause", "offset": [58, 70]}, {"key": "the-administrative-agent", "type": "definition", "offset": [110, 134]}, {"key": "tranche-a-required-lenders", "type": "definition", "offset": [142, 168]}, {"key": "deposit-of-cash-collateral", "type": "clause", "offset": [183, 209]}, {"key": "pursuant-to", "type": "clause", "offset": [210, 221]}, {"key": "borrower-shall", "type": "clause", "offset": [238, 252]}, {"key": "the-security-agreement", "type": "clause", "offset": [281, 303]}, {"key": "terms-and", "type": "clause", "offset": [316, 325]}, {"key": "interest-bearing-accounts", "type": "definition", "offset": [329, 354]}, {"key": "the-collateral-agent", "type": "definition", "offset": [423, 443]}, {"key": "for-the-benefit-of", "type": "definition", "offset": [448, 466]}, {"key": "tranche-a-revolving-lenders", "type": "definition", "offset": [471, 498]}, {"key": "equal-to", "type": "definition", "offset": [518, 526]}, {"key": "accrued-and-unpaid-interest", "type": "definition", "offset": [568, 595]}, {"key": "provided-that", "type": "definition", "offset": [605, 618]}, {"key": "obligation-to", "type": "clause", "offset": [623, 636]}, {"key": "effective-immediately", "type": "definition", "offset": [731, 752]}, {"key": "due-and-payable", "type": "definition", "offset": [796, 811]}, {"key": "notice-of-any", "type": "clause", "offset": [837, 850]}, {"key": "with-respect-to-borrower", "type": "clause", "offset": [901, 925]}, {"key": "the-applicable", "type": "clause", "offset": [1088, 1102]}, {"key": "priority-lien-representative", "type": "definition", "offset": [1103, 1131]}, {"key": "to-reimburse", "type": "definition", "offset": [1180, 1192]}, {"key": "payment-of", "type": "definition", "offset": [1204, 1214]}, {"key": "all-costs", "type": "definition", "offset": [1215, 1224]}, {"key": "expenses-incurred", "type": "clause", "offset": [1240, 1257]}, {"key": "agent-and-other-agents", "type": "clause", "offset": [1276, 1298]}, {"key": "each-case", "type": "definition", "offset": [1342, 1351]}, {"key": "section-55", "type": "clause", "offset": [1369, 1380]}, {"key": "the-issuing-bank", "type": "clause", "offset": [1408, 1424]}, {"key": "lc-disbursements", "type": "definition", "offset": [1429, 1445]}, {"key": "to-the-extent", "type": "clause", "offset": [1488, 1501]}, {"key": "satisfaction-of", "type": "clause", "offset": [1540, 1555]}, {"key": "outstanding-reimbursement-obligations", "type": "definition", "offset": [1556, 1593]}, {"key": "maturity-of-the-loans", "type": "clause", "offset": [1605, 1626]}, {"key": "subject-to-the", "type": "definition", "offset": [1653, 1667]}, {"key": "consent-of", "type": "clause", "offset": [1668, 1678]}, {"key": "total-lc-exposure", "type": "definition", "offset": [1761, 1778]}, {"key": "the-secured-obligations", "type": "definition", "offset": [1803, 1826]}, {"key": "in-accordance-with", "type": "clause", "offset": [1870, 1888]}, {"key": "to-provide", "type": "definition", "offset": [2004, 2014]}, {"key": "collateral-hereunder", "type": "clause", "offset": [2033, 2053]}, {"key": "an-event-of-default", "type": "definition", "offset": [2086, 2105]}, {"key": "accrued-interest", "type": "definition", "offset": [2128, 2144]}, {"key": "realized-profits", "type": "definition", "offset": [2148, 2164]}, {"key": "after-all-events-of-default", "type": "clause", "offset": [2292, 2319]}], "size": 258, "samples": [{"hash": "1t1NcSkJzqp", "uri": "/contracts/1t1NcSkJzqp#cash-collateralization", "label": "Revolving Credit Agreement (Bankrate, Inc.)", "score": 22.4537982941, "published": true}, {"hash": "7oCVDeM0eXo", "uri": "/contracts/7oCVDeM0eXo#cash-collateralization", "label": "Revolving Credit Agreement (Bankrate, Inc.)", "score": 22.4483222961, "published": true}], "snippet": "If any Event of Default shall occur and be continuing, on the Business Day that Borrower receives notice from the Administrative Agent or the Tranche A Required Lenders demanding the deposit of cash collateral pursuant to this paragraph, Borrower shall, subject to compliance with the Security Agreement, deposit on terms and in interest bearing accounts reasonably satisfactory to the Administrative Agent, in the name of the Collateral Agent and for the benefit of the Tranche A Revolving Lenders, an amount in cash equal to the LC Exposure as of such date plus any accrued and unpaid interest thereon; provided that the obligation to deposit such cash collateral (subject to compliance with the Security Agreement) shall become effective immediately, and such deposit shall become immediately due and payable, without demand or other notice of any kind, upon the occurrence of any Event of Default with respect to Borrower described in Section 8.01(g) or (h). Funds so deposited shall be applied by the Collateral Agent, upon instruction by the Administrative Agent in its capacity as the Applicable Priority Lien Representative under and as defined in the Security Agreement, to reimburse (after the payment of all costs and reasonable expenses incurred by the Collateral Agent and other Agents (as defined in the Security Agreement), in each case, as set forth in Section 5.5 of the Security Agreement) the Issuing Bank for LC Disbursements for which it has not been reimbursed and, to the extent not so applied, shall be held for the satisfaction of outstanding Reimbursement Obligations or, if the maturity of the Loans has been accelerated (but subject to the consent of Tranche A Revolving Lenders with LC Exposure representing greater than 50% of the total LC Exposure), be applied to satisfy the Secured Obligations (as defined in the Security Agreement) and in accordance with Section 5.5 of the Security Agreement. If, subject to compliance with the Security Agreement, Borrower is required to provide an amount of cash collateral hereunder as a result of the existence of an Event of Default, such amount plus any accrued interest or realized profits with respect to such amounts (to the extent not applied as aforesaid) shall be returned to Borrower within three Business Days after all Events of Default have been cured or waived.", "hash": "f3b9714d220c3c3eb3de3182c1d0fc72", "id": 7}, {"snippet_links": [{"key": "default-shall", "type": "definition", "offset": [16, 29]}, {"key": "the-business", "type": "clause", "offset": [58, 70]}, {"key": "the-required-lenders", "type": "clause", "offset": [142, 162]}, {"key": "maturity-of-the-loans", "type": "clause", "offset": [175, 196]}, {"key": "revolving-lenders", "type": "definition", "offset": [219, 236]}, {"key": "aggregate-lc-exposure", "type": "definition", "offset": [291, 312]}, {"key": "deposit-of-cash-collateral", "type": "clause", "offset": [328, 354]}, {"key": "pursuant-to", "type": "clause", "offset": [355, 366]}, {"key": "the-borrower-shall", "type": "clause", "offset": [383, 401]}, {"key": "account-with", "type": "definition", "offset": [416, 428]}, {"key": "for-the-benefit-of", "type": "definition", "offset": [499, 517]}, {"key": "the-revolving", "type": "clause", "offset": [518, 531]}, {"key": "lc-collateral-account", "type": "clause", "offset": [546, 567]}, {"key": "equal-to", "type": "definition", "offset": [589, 597]}, {"key": "accrued-and-unpaid-interest", "type": "definition", "offset": [689, 716]}, {"key": "provided-that", "type": "definition", "offset": [726, 739]}, {"key": "obligation-to", "type": "clause", "offset": [744, 757]}, {"key": "collateral-shall", "type": "definition", "offset": [776, 792]}, {"key": "effective-immediately", "type": "definition", "offset": [800, 821]}, {"key": "due-and-payable", "type": "definition", "offset": [865, 880]}, {"key": "notice-of-any", "type": "clause", "offset": [906, 919]}, {"key": "with-respect-to-the-borrower", "type": "clause", "offset": [970, 998]}, {"key": "in-clause", "type": "clause", "offset": [1009, 1018]}, {"key": "article-vii", "type": "definition", "offset": [1033, 1044]}, {"key": "deposit-cash", "type": "clause", "offset": [1070, 1082]}, {"key": "in-accordance-with", "type": "clause", "offset": [1094, 1112]}, {"key": "to-the-extent", "type": "clause", "offset": [1135, 1148]}, {"key": "required-by", "type": "definition", "offset": [1149, 1160]}, {"key": "payment-and-performance", "type": "clause", "offset": [1268, 1291]}, {"key": "the-secured-obligations", "type": "definition", "offset": [1295, 1318]}, {"key": "agent-shall", "type": "definition", "offset": [1339, 1350]}, {"key": "dominion-and-control", "type": "clause", "offset": [1366, 1386]}, {"key": "right-of-withdrawal", "type": "clause", "offset": [1412, 1431]}, {"key": "the-borrower-hereby", "type": "clause", "offset": [1468, 1487]}, {"key": "security-interest", "type": "clause", "offset": [1522, 1539]}, {"key": "other-assets", "type": "definition", "offset": [1587, 1599]}, {"key": "on-deposit", "type": "definition", "offset": [1600, 1610]}, {"key": "interest-earned", "type": "clause", "offset": [1655, 1670]}, {"key": "investment-of", "type": "clause", "offset": [1678, 1691]}, {"key": "the-option", "type": "clause", "offset": [1742, 1752]}, {"key": "sole-discretion-of-the-administrative-agent", "type": "clause", "offset": [1757, 1800]}, {"key": "risk-and-expense", "type": "clause", "offset": [1823, 1839]}, {"key": "to-reimburse", "type": "definition", "offset": [2031, 2043]}, {"key": "the-issuing-bank", "type": "clause", "offset": [2044, 2060]}, {"key": "lc-disbursements", "type": "definition", "offset": [2065, 2081]}, {"key": "satisfaction-of", "type": "clause", "offset": [2176, 2191]}, {"key": "reimbursement-obligations-of-the-borrower", "type": "clause", "offset": [2196, 2237]}, {"key": "subject-to-the", "type": "definition", "offset": [2330, 2344]}, {"key": "consent-of", "type": "clause", "offset": [2345, 2355]}, {"key": "other-secured-obligations", "type": "clause", "offset": [2474, 2499]}, {"key": "to-provide", "type": "definition", "offset": [2529, 2539]}, {"key": "collateral-hereunder", "type": "clause", "offset": [2558, 2578]}, {"key": "occurrence-of-an-event-of-default", "type": "clause", "offset": [2598, 2631]}, {"key": "days-after", "type": "definition", "offset": [2746, 2756]}, {"key": "events-of-default", "type": "definition", "offset": [2766, 2783]}, {"key": "confirmed-in-writing", "type": "definition", "offset": [2813, 2833]}], "size": 251, "samples": [{"hash": "bnx8XG8UFau", "uri": "/contracts/bnx8XG8UFau#cash-collateralization", "label": "Credit Agreement (F45 Training Holdings Inc.)", "score": 34.1225204468, "published": true}, {"hash": "d8BDcBI6NKB", "uri": "/contracts/d8BDcBI6NKB#cash-collateralization", "label": "Credit Agreement (F45 Training Holdings Inc.)", "score": 32.622177124, "published": true}, {"hash": "7Dubtka8v47", "uri": "/contracts/7Dubtka8v47#cash-collateralization", "label": "Credit Agreement (F45 Training Holdings Inc.)", "score": 32.4688568115, "published": true}], "snippet": "If any Event of Default shall occur and be continuing, on the Business Day that the Borrower receives notice from the Administrative Agent or the Required Lenders (or, if the maturity of the Loans has been accelerated, Revolving Lenders with LC Exposure representing greater than 50% of the aggregate LC Exposure) demanding the deposit of cash collateral pursuant to this paragraph, the Borrower shall deposit in an account with the Administrative Agent, in the name of the Administrative Agent and for the benefit of the Revolving Lenders (the \u201cLC Collateral Account\u201d), an amount in cash equal to one hundred and three percent (103%) of the amount of the LC Exposure as of such date plus accrued and unpaid interest thereon; provided that the obligation to deposit such cash collateral shall become effective immediately, and such deposit shall become immediately due and payable, without demand or other notice of any kind, upon the occurrence of any Event of Default with respect to the Borrower described in clause (h) or (i) of Article VII. The Borrower also shall deposit cash collateral in accordance with this paragraph as and to the extent required by Section 2.11(b) or 2.20. Each such deposit shall be held by the Administrative Agent as collateral for the payment and performance of the Secured Obligations. The Administrative Agent shall have exclusive dominion and control, including the exclusive right of withdrawal, over the LC Collateral Account and the Borrower hereby grants the Administrative Agent a security interest in the LC Collateral Account and all moneys or other assets on deposit therein or credited thereto. Other than any interest earned on the investment of such deposits, which investments shall be made at the option and sole discretion of the Administrative Agent and at the Borrower\u2019s risk and expense, such deposits shall not bear interest. Interest or profits, if any, on such investments shall accumulate in such account. Moneys in such account shall be applied by the Administrative Agent to reimburse the Issuing Bank for LC Disbursements for which it has not been reimbursed and, to the extent not so applied, shall be held for the satisfaction of the reimbursement obligations of the Borrower for the LC Exposure at such time or, if the maturity of the Loans has been accelerated (but subject to the consent of Revolving Lenders with LC Exposure representing greater than 50% of the aggregate LC Exposure), be applied to satisfy other Secured Obligations. If the Borrower is required to provide an amount of cash collateral hereunder as a result of the occurrence of an Event of Default, such amount (to the extent not applied as aforesaid) shall be returned to the Borrower within three (3) Business Days after all such Events of Default have been cured or waived as confirmed in writing by the Administrative Agent.", "hash": "195dfc1d9000030613769c173dc89617", "id": 8}, {"snippet_links": [{"key": "the-borrower-shall", "type": "clause", "offset": [3, 21]}, {"key": "to-provide", "type": "definition", "offset": [34, 44]}, {"key": "cover-for-lc-exposure", "type": "clause", "offset": [45, 66]}, {"key": "a-class", "type": "definition", "offset": [70, 77]}, {"key": "pursuant-to-section", "type": "definition", "offset": [78, 97]}, {"key": "in-accordance-with", "type": "clause", "offset": [235, 253]}, {"key": "time-periods", "type": "clause", "offset": [258, 270]}, {"key": "the-applicable", "type": "clause", "offset": [284, 298]}, {"key": "account-or-accounts", "type": "clause", "offset": [345, 364]}, {"key": "letter-of-credit-collateral-account", "type": "definition", "offset": [393, 428]}, {"key": "the-administrative-agent", "type": "definition", "offset": [481, 505]}, {"key": "currency-of", "type": "definition", "offset": [531, 542]}, {"key": "the-letter-of-credit", "type": "clause", "offset": [543, 563]}, {"key": "equal-to", "type": "definition", "offset": [613, 621]}, {"key": "amount-required", "type": "clause", "offset": [626, 641]}, {"key": "first-instance", "type": "definition", "offset": [849, 863]}, {"key": "this-agreement", "type": "clause", "offset": [890, 904]}, {"key": "payment-of-the-secured-obligations", "type": "clause", "offset": [928, 962]}, {"key": "the-borrower-hereby", "type": "clause", "offset": [987, 1006]}, {"key": "security-interest", "type": "clause", "offset": [1016, 1033]}, {"key": "for-the-benefit-of", "type": "definition", "offset": [1062, 1080]}, {"key": "revolving-lenders", "type": "definition", "offset": [1085, 1102]}, {"key": "financial-assets", "type": "clause", "offset": [1157, 1173]}, {"key": "uniform-commercial-code", "type": "definition", "offset": [1193, 1216]}, {"key": "other-property", "type": "clause", "offset": [1221, 1235]}, {"key": "collateral-hereunder", "type": "clause", "offset": [1294, 1314]}, {"key": "occurrence-of-an-event-of-default", "type": "clause", "offset": [1334, 1367]}, {"key": "to-the-extent", "type": "clause", "offset": [1391, 1404]}, {"key": "to-the-borrower", "type": "definition", "offset": [1473, 1488]}, {"key": "after-all-events-of-default", "type": "clause", "offset": [1520, 1547]}, {"key": "after-giving", "type": "clause", "offset": [1820, 1832]}, {"key": "aggregate-credit-exposures", "type": "definition", "offset": [1860, 1886]}, {"key": "aggregate-commitments", "type": "definition", "offset": [1908, 1929]}, {"key": "default-shall", "type": "definition", "offset": [1967, 1980]}], "size": 161, "samples": [{"hash": "h8knMh7mX7Y", "uri": "/contracts/h8knMh7mX7Y#cash-collateralization", "label": "Senior Secured Revolving Credit Agreement (Goldman Sachs Private Credit Corp.)", "score": 37.3586578369, "published": true}, {"hash": "eFdCKUEQKwt", "uri": "/contracts/eFdCKUEQKwt#cash-collateralization", "label": "Senior Secured Revolving Credit Agreement (Goldman Sachs Private Credit Corp.)", "score": 37.1670074463, "published": true}, {"hash": "i1YBWPcDw9M", "uri": "/contracts/i1YBWPcDw9M#cash-collateralization", "label": "Omnibus Amendment to Senior Secured Credit Agreement and Guarantee and Security Agreement (Blue Owl Capital Corp II)", "score": 37.1314163208, "published": true}], "snippet": "If the Borrower shall be required to provide cover for LC Exposure of a Class pursuant to Section 2.09(a), Section 2.10(c), Section 2.10(d), Section 2.18(c)(ii) or the last paragraph of Section 7.01, the Borrower shall immediately (or in accordance with the time periods specified in the applicable section) deposit into a segregated collateral account or accounts (herein, collectively, the \u201cLetter of Credit Collateral Account\u201d) in the name and under the dominion and control of the Administrative Agent, Cash denominated in the Currency of the Letter of Credit under which such LC Exposure arises in an amount equal to the amount required under Section 2.09(a), Section 2.10(c), Section 2.10(d), Section 2.18(c)(ii) or the last paragraph of Section 7.01, as applicable. Such deposit shall be held by the Administrative Agent as collateral in the first instance for the LC Exposure under this Agreement and thereafter for the payment of the Secured Obligations, and for these purposes the Borrower hereby grants a security interest to the Administrative Agent for the benefit of the Revolving Lenders in the Letter of Credit Collateral Account and in any financial assets (as defined in the Uniform Commercial Code) or other property held therein. If the Borrower is required to provide cash collateral hereunder as a result of the occurrence of an Event of Default, such cash collateral (to the extent not applied as set forth in this Section 2.05(l)) shall be returned to the Borrower within three (3) Business Days after all Events of Default have been cured or waived. If the Borrower is required to provide cash collateral hereunder pursuant to Section 2.10(b)(ii), such cash collateral (to the extent not applied as set forth in this Section 2.05(l)) shall be returned to the Borrower as and to the extent that, after giving effect to such return, the aggregate Credit Exposures would not exceed the aggregate Commitments and no Specified Default or Event of Default shall have occurred and be continuing.", "hash": "e194c70ec732c0b900010e44ebbfa356", "id": 10}], "next_curs": "Cl8SWWoVc35sYXdpbnNpZGVyY29udHJhY3RzcjsLEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2Ih9jYXNoLWNvbGxhdGVyYWxpemF0aW9uIzAwMDAwMDBhDKIBAmVuGAAgAA==", "clause": {"parents": [["letters-of-credit", "Letters of Credit"], ["the-credits", "The Credits"], ["miscellaneous", "Miscellaneous"], ["headings", "Headings"], ["interim-interest", "Interim Interest"]], "size": 6233, "title": "Cash Collateralization", "children": [["", ""], ["organization-powers", "Organization; Powers"], ["taxes", "Taxes"], ["optional-prepayments", "Optional Prepayments"], ["subsidiaries", "Subsidiaries"]], "id": "cash-collateralization", "related": [["cash-collateralize", "Cash Collateralize", "Cash Collateralize"], ["obligation-to-cash-collateralize", "Obligation to Cash Collateralize", "Obligation to Cash Collateralize"], ["cross-collateralization", "Cross-Collateralization", "Cross-Collateralization"], ["cash-collateral-repayment-of-swingline-loans", "Cash Collateral, Repayment of Swingline Loans", "Cash Collateral, Repayment of Swingline Loans"], ["cash-collateral", "Cash Collateral", "Cash Collateral"]], "related_snippets": [], "updated": "2026-05-30T06:04:11+00:00", "also_ask": ["What are the minimum protections lenders should require in a cash collateralization clause?", "How can borrowers negotiate flexibility or release triggers for cash collateral?", "What are the most common legal pitfalls that render cash collateralization clauses unenforceable?", "How does cash collateralization compare to other forms of credit enhancement in similar transactions?", "What standards do courts use to assess the sufficiency and control of cash collateral arrangements?"], "drafting_tip": null, "explanation": "The Cash Collateralization clause requires a party to provide cash as security for its obligations under an agreement, typically in the context of loans or derivatives. In practice, this means that if a party's creditworthiness declines or certain trigger events occur, they must deposit cash into a designated account to cover potential exposures or outstanding liabilities. This mechanism ensures that the non-defaulting party has immediate access to liquid funds in the event of a default, thereby reducing credit risk and enhancing the security of the transaction."}, "json": true, "cursor": ""}}