Common use of Collateral for Undrawn Letters of Credit Clause in Contracts

Collateral for Undrawn Letters of Credit. (a) If the prepayment of the amount available for drawing under any or all outstanding Letters of Credit is required under Section 1.8(b), Section 1.14, Section 9.2 or Section 9.3 above, the Borrower shall forthwith pay the amount required to be so prepaid, to be held by the Administrative Agent as provided in subsection (b) below.

Appears in 30 contracts

Samples: Credit Agreement (Monmouth Real Estate Investment Corp), Credit Agreement (Whitestone REIT Operating Partnership, L.P.), Credit Agreement (Global Medical REIT Inc.)

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Collateral for Undrawn Letters of Credit. (a) If the prepayment of the amount available for drawing under any or all outstanding Letters of Credit is required under Section 1.8(b), Section 1.14, 1.9(b) or under Section 9.2 or Section 9.3 above, the Borrower shall forthwith pay the amount required to be so prepaid, to be held by the Administrative Agent as provided in subsection (b) below.

Appears in 14 contracts

Samples: Credit Agreement (DG FastChannel, Inc), Credit Agreement (FTD Inc), Credit Agreement (Penford Corp)

Collateral for Undrawn Letters of Credit. (a) If the prepayment of the amount available for drawing under any or all outstanding Letters of Credit is required under Section 1.8(b), Section 1.14, ) or under Section 9.2 or Section 9.3 above, the Borrower shall forthwith pay the amount required to be so prepaid, to be held by the Administrative Agent as provided in subsection (b) below.

Appears in 14 contracts

Samples: Credit Agreement (Nobel Learning Communities Inc), Credit Agreement (Plexus Corp), Credit Agreement (Unified Western Grocers Inc)

Collateral for Undrawn Letters of Credit. (a) If the prepayment of the amount available for drawing under any or all outstanding Letters of Credit is required under Section 1.8(bany of Sections 2.3(b), 2.8(b), Section 1.142.13, Section 2.14, 9.2 or Section 9.3 above, the Borrower shall forthwith pay the amount required to be so prepaid, to be held by the Administrative Agent as provided in subsection (b) below.

Appears in 10 contracts

Samples: Credit Agreement (Postal Realty Trust, Inc.), Credit Agreement (Postal Realty Trust, Inc.), Credit Agreement (Willdan Group, Inc.)

Collateral for Undrawn Letters of Credit. (a) If the prepayment of the amount available for drawing under any or all outstanding Letters of Credit issued for the account of a Borrower hereunder is required under Section 1.8(b1.9(b), Section 1.141.15, Section 9.2 or Section 9.3 above, the such Borrower shall forthwith pay the amount required to be so prepaid, to be held by the Administrative Agent as provided in subsection (b) below.

Appears in 8 contracts

Samples: Credit Agreement (Smucker J M Co), Revolving Credit Agreement (J M SMUCKER Co), Credit Agreement (Smucker J M Co)

Collateral for Undrawn Letters of Credit. (a) If the prepayment of the amount available for drawing under any or all outstanding Letters of Credit is required under Section 1.8(b), Section 1.14, Section 9.2 or Section 9.3 above, the Borrower shall forthwith pay one hundred three percent (103%) of the amount required to be so prepaidprepaid (to cash collateralize fees and interest as well as the amount of the Letter of Credit), to be held by the Administrative Agent as provided in subsection (b) below.

Appears in 7 contracts

Samples: Credit Agreement (Alpine Income Property Trust, Inc.), Credit Agreement (Consolidated Tomoka Land Co), Credit Agreement (CTO Realty Growth, Inc.)

Collateral for Undrawn Letters of Credit. (a) If the payment or prepayment of the amount available for drawing under any or all outstanding Letters of Credit is required under Section 1.8(b1.2(b), Section 1.14, Section 9.2 10.2 or Section 9.3 10.3 above, the Borrower Borrowers shall forthwith pay the amount required to be so prepaid, to be held by the Administrative Agent as provided in subsection (b) below.

Appears in 6 contracts

Samples: Multicurrency Credit Agreement (Gallagher Arthur J & Co), Multicurrency Credit Agreement (Gallagher Arthur J & Co), Credit Agreement (Arthur J. Gallagher & Co.)

Collateral for Undrawn Letters of Credit. (a) If the prepayment of the amount available for drawing under any or all outstanding Letters of Credit is required under Section 1.8(b), 2.8(c)(iv) or under Section 1.14, Section 9.2 7.2 or Section 9.3 7.3 above, the Borrower shall forthwith pay the amount required to be so prepaid, to be held by the Administrative Agent as provided in subsection (b) below.

Appears in 6 contracts

Samples: Loan Agreement (Vantiv, Inc.), Loan Agreement (Vantiv, Inc.), Loan Agreement (Vantiv, Inc.)

Collateral for Undrawn Letters of Credit. (a) If the prepayment of the amount available for drawing under any or all outstanding Letters of Credit Credit, including, without limitation, any and all L/C Obligations, is required under Section 1.8(b), 2.8(b) or under Section 1.14, Section 9.2 7.2 or Section 9.3 7.3 above, the Borrower Borrowers shall forthwith pay the amount required to be so prepaid, to be held by the Administrative Agent as provided in subsection (b) below.

Appears in 6 contracts

Samples: Credit and Guaranty Agreement (McBc Holdings, Inc.), Credit and Guaranty Agreement (McBc Holdings, Inc.), Credit and Guaranty Agreement (Addus HomeCare Corp)

Collateral for Undrawn Letters of Credit. (a) If the prepayment of the amount available for drawing under any or all outstanding Letters of Credit is required under Section 1.8(b1.3(b), Section 1.143.3, Section 9.2 8.2, or Section 9.3 above8.3 hereof, the Borrower Company shall forthwith pay the amount required to be so prepaid, to be held by the Administrative Agent Lender as provided in subsection (b) below.

Appears in 6 contracts

Samples: Credit Agreement (Maf Bancorp Inc), Credit Agreement (Maf Bancorp Inc), Credit Agreement (Maf Bancorp Inc)

Collateral for Undrawn Letters of Credit. (a) If the prepayment of the amount available for drawing under any or all outstanding Letters of Credit is required under Section 1.8(b), Section 1.14, Section 9.2 7.2 or Section 9.3 above7.3, the Borrower shall forthwith pay the amount required to be so prepaid, to be held by the Administrative Agent as provided in subsection (b) below.

Appears in 6 contracts

Samples: Revolving Credit Agreement (Transocean Inc), Revolving Credit Agreement (Globalsantafe Corp), Revolving Credit Agreement (Transocean Inc)

Collateral for Undrawn Letters of Credit. (a) If the prepayment of the amount available for drawing under any or all outstanding Letters of Credit is required under Section 1.8(b), Section 1.14, Section 9.2 7.2 or Section 9.3 above7.3, the Borrower shall forthwith pay the amount required to be so prepaid, to be held by the Administrative Agent as provided in subsection (b) below.

Appears in 6 contracts

Samples: Stock Pledge Agreement (Quanta Services Inc), Secured Credit Agreement (Palex Inc), Stock Pledge Agreement (Quanta Services Inc)

Collateral for Undrawn Letters of Credit. (a) If the prepayment of the amount available for drawing under any or all outstanding Letters of Credit is required under Section 1.8(b), 2.7(b) or under Section 1.14, Section 9.2 7.2 or Section 9.3 7.3 above, the Borrower shall forthwith pay the amount required to be so prepaid, to be held by the Administrative Agent as provided in subsection (b) below.

Appears in 5 contracts

Samples: Credit Agreement (Cleveland Cliffs Inc), Credit Agreement (Cleveland Cliffs Inc), Credit Agreement (Delek US Holdings, Inc.)

Collateral for Undrawn Letters of Credit. (a) If the prepayment of the amount available for drawing under any or all outstanding Letters of Credit is required under Section 1.8(b)) hereof, Section 1.141.14 hereof, Section 9.2 hereof or Section 9.3 abovehereof, the Borrower shall forthwith pay the amount required to be so prepaid, to be held by the Administrative Agent as provided in subsection (bSection 9.4(b) belowhereof.

Appears in 5 contracts

Samples: Credit Agreement (Centerspace), Credit Agreement (Centerspace), Credit Agreement (Investors Real Estate Trust)

Collateral for Undrawn Letters of Credit. (a) If the prepayment provision of the amount available for drawing under any Cash Collateral in respect of any or all outstanding Letters of Credit is required under Section 1.8(b2.7(b), Section 1.142.14, Section 2.15, Section 9.2 or Section 9.3 above, the Borrower shall forthwith pay the amount required to be so prepaidprovide such Cash Collateral, to be held by the Administrative Agent as provided in subsection (b) below.

Appears in 5 contracts

Samples: Credit Agreement (LTC Properties Inc), Credit Agreement (LTC Properties Inc), Credit Agreement (LTC Properties Inc)

Collateral for Undrawn Letters of Credit. (a) If the prepayment of the amount available for drawing under any or all outstanding Letters of Credit is required under Section 1.8(b), 2.8(b) or under Section 1.14, Section 9.2 7.2 or Section 9.3 7.3 above, the Borrower shall forthwith pay the amount required to be so prepaid, to be held by the Administrative Agent as provided in subsection (b) below.

Appears in 4 contracts

Samples: Credit Agreement (Granite City Food & Brewery LTD), Credit Agreement (Champion Industries Inc), Credit Agreement (Granite City Food & Brewery Ltd.)

Collateral for Undrawn Letters of Credit. (a) If the prepayment of the amount available for drawing under any or all outstanding Letters of Credit is required under Section 1.8(b), 2.8(c)(v) or under Section 1.14, Section 9.2 7.2 or Section 9.3 7.3 above, the Borrower shall forthwith pay the amount required to be so prepaid, to be held by the Administrative Agent as provided in subsection (b) below.

Appears in 4 contracts

Samples: Loan Agreement (Western Digital Corp), Loan Agreement (Western Digital Corp), Loan Agreement (Western Digital Corp)

Collateral for Undrawn Letters of Credit. (a) If the prepayment of the amount available for drawing under any or all outstanding Letters of Credit is required under Section 1.8(b), Section 1.14, 1.9(b) or under Section 9.2 or Section 9.3 above, the Borrower shall forthwith pay the amount required to be so prepaid, to be held by the Administrative Agent as provided in subsection (b) below.

Appears in 4 contracts

Samples: Credit Agreement (Diamond Home Services Inc), Credit Agreement (Vision Twenty One Inc), Credit Agreement (Sycamore Park Convalescent Hospital)

Collateral for Undrawn Letters of Credit. (a) If the prepayment of the amount available for drawing under any or all outstanding Letters of Credit is required under Section 1.8(bany of Sections 2.3(b), Section 1.142.8(b), Section 9.2 or Section 9.3 above, the Borrower shall forthwith pay the amount required to be so prepaid, to be held by the Administrative Agent Bank as provided in subsection (b) below.

Appears in 4 contracts

Samples: Credit Agreement (Pioneer Power Solutions, Inc.), Credit Agreement (Willdan Group, Inc.), Credit Agreement (Willdan Group, Inc.)

Collateral for Undrawn Letters of Credit. (a) If the prepayment of the amount available for drawing under any or all outstanding Letters of Credit is required under any of Section 1.8(b2.3(b), Section 1.142.8(b), Section 2.13, 2.14, 9.2 or Section 9.3 above, the Borrower shall forthwith pay the amount required to be so prepaid, to be held by the Administrative Agent as provided in subsection (b) below.

Appears in 4 contracts

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

Collateral for Undrawn Letters of Credit. (a) If the prepayment of the amount available for drawing under any or all outstanding Letters of Credit L/C Obligations is required under Section 1.8(b), Section 1.14, Section 9.2 8.2 or Section 9.3 above8.3, the Borrower shall forthwith pay the amount required to be so prepaid, prepaid to be held by the Administrative Agent as provided in subsection (b) belowSection 8.4(b).

Appears in 3 contracts

Samples: Credit Agreement (Seacor Holdings Inc /New/), Credit Agreement (Seacor Holdings Inc /New/), Credit Agreement (Seacor Holdings Inc /New/)

Collateral for Undrawn Letters of Credit. (a) If the prepayment of the amount available for drawing under any or all outstanding Letters of Credit is required under Section 1.8(b), 2.8(c)(v) or under Section 1.14, Section 9.2 7.2 or Section 9.3 7.3 above, the Lead Borrower shall forthwith pay the amount required to be so prepaid, to be held by the Administrative Agent as provided in subsection (b) below.

Appears in 3 contracts

Samples: Restatement Agreement (Western Digital Corp), Loan Agreement (Western Digital Corp), Loan Agreement (Western Digital Corp)

Collateral for Undrawn Letters of Credit. (a) If the prepayment of the amount available for drawing under any or all outstanding Letters of Credit is required under Section 1.8(b), Section 1.14, ) or under Section 9.2 or Section 9.3 above, the Borrower Borrowers shall forthwith pay the amount required to be so prepaid, to be held by the Administrative Agent as provided in subsection (b) below.

Appears in 3 contracts

Samples: Credit Agreement (Rc2 Corp), Credit Agreement (Racing Champions Corp), Credit Agreement (Racing Champions Corp)

Collateral for Undrawn Letters of Credit. (a) If the prepayment of the amount available for drawing under any or all outstanding Letters of Credit is required under Section 1.8(b), Section 1.14, 2.3(b) or under Section 9.2 or Section 9.3 above, the Borrower shall forthwith pay the amount required to be so prepaid, to be held by the Administrative Agent as provided in subsection (b) below.

Appears in 3 contracts

Samples: Credit Agreement (Federal Signal Corp /De/), Credit Agreement (Federal Signal Corp /De/), Credit Agreement (Federal Signal Corp /De/)

Collateral for Undrawn Letters of Credit. (a) If the prepayment of the amount available for drawing under any or all outstanding Letters of Credit is required under Section 1.8(bSections 2.3(b), Section 1.142.9(b), Section 9.2 2.19, 2.20, 8.2 or Section 9.3 8.3 above, the Borrower Borrowers shall forthwith pay the amount required to be so prepaid, to be held by the Administrative Agent as provided in subsection (b) below.

Appears in 3 contracts

Samples: Multicurrency Credit Agreement (Fenix Parts, Inc.), Multicurrency Credit Agreement (Fenix Parts, Inc.), Multicurrency Credit Agreement (Fenix Parts, Inc.)

Collateral for Undrawn Letters of Credit. (a) If the prepayment of the amount available for drawing under any or all outstanding Letters of Credit is required under Section 1.8(b), Section 1.14, 1.9(b) or under Section 9.2 or Section 9.3 above, the Borrower shall forthwith pay in cash the amount required to be so prepaid, to be held by the Administrative Agent as provided in subsection (b) below.

Appears in 3 contracts

Samples: Credit Agreement (Dave & Buster's Entertainment, Inc.), Credit Agreement (Dave & Buster's Entertainment, Inc.), Credit Agreement (Dave & Buster's Entertainment, Inc.)

Collateral for Undrawn Letters of Credit. (a) If the prepayment of the amount available for drawing under any or all outstanding Letters of Credit is required under Section 1.8(b), Section 1.141.15, Section 9.2 or Section 9.3 aboveabove or a deposit to the Collateral Account is otherwise required pursuant to Section 1.9(b), the Borrower Borrowers shall forthwith pay the amount required to be so prepaid, to be held by the Administrative Agent as provided in subsection (b) below.

Appears in 3 contracts

Samples: Credit Agreement (Boulder Brands, Inc.), Credit Agreement (Boulder Brands, Inc.), Credit Agreement (Smart Balance, Inc.)

Collateral for Undrawn Letters of Credit. (a) If the prepayment of the amount available for drawing under any or all outstanding Letters of Credit is required under Section 1.8(b), 2.8(c)(iv) or under Section 1.14, Section 9.2 7.2 or Section 9.3 7.3 above, the Borrower shall forthwith pay the amount required to be so prepaid, to be held by the Administrative Agent as provided in subsection (b) below.

Appears in 3 contracts

Samples: Loan Agreement (Vantiv, Inc.), Loan Agreement (Vantiv, Inc.), Loan Agreement (Vantiv, Inc.)

Collateral for Undrawn Letters of Credit. (a) If the prepayment of the amount available for drawing under any or all outstanding Letters of Credit is required under Section 1.8(b), Section 1.141.18, Section 9.2 or Section 9.3 above, the Borrower Borrowers shall forthwith pay the amount required to be so prepaid, to be held by the Administrative Agent as provided in subsection (b) below.

Appears in 2 contracts

Samples: Credit Agreement (Rc2 Corp), Credit Agreement (Rc2 Corp)

Collateral for Undrawn Letters of Credit. (a) If the payment or prepayment of the amount available for drawing under any or all outstanding Letters of Credit is required under Section 1.8(b), Section 1.14, Section 9.2 1.2(d) or Section 9.3 5.4(c) or under Section 13.2 or 13.3 above, the Borrower Company and (subject to Section 17.19) the other Borrowers shall forthwith pay the amount required to be so prepaid, to be held by the Administrative Agent as provided in subsection (b) below.

Appears in 2 contracts

Samples: Credit Agreement (General Binding Corp), Credit Agreement (Sickinger Co)

Collateral for Undrawn Letters of Credit. (a) If the prepayment of the amount available for drawing under any or all outstanding Letters of Credit is required under Section 1.8(b2.9(b), Section 1.142.17, Section 9.2 8.2 or Section 9.3 8.3 above, the Borrower shall forthwith pay the amount required to be so prepaid, to be held by the Administrative Agent as provided in subsection (b) below.

Appears in 2 contracts

Samples: Credit Agreement (Sterling Construction Co Inc), Credit Agreement (Sterling Construction Co Inc)

Collateral for Undrawn Letters of Credit. (a) If the prepayment of the amount available for drawing under any or all outstanding Letters of Credit is required under Section 1.8(b), ) or under Section 1.14, Section 9.2 8.2 or Section 9.3 8.3 above, the Borrower shall forthwith pay the amount required to be so prepaid, to be held by the Administrative Agent as provided in subsection (b) below.

Appears in 2 contracts

Samples: Credit Agreement (Hewitt Associates Inc), Credit Agreement (Hewitt Associates Inc)

Collateral for Undrawn Letters of Credit. (a) If the prepayment of the amount available for drawing under any or all outstanding Letters of Credit is required under Section 1.8(b), 2.8(c)(iv) or under Section 1.14, Section 9.2 8.2 or Section 9.3 8.3 above, the Borrower shall forthwith pay the amount required to be so prepaid, to be held by the Administrative Agent as provided in subsection (b) below.

Appears in 2 contracts

Samples: Credit and Guarantee Agreement (Lions Gate Entertainment Corp /Cn/), Credit and Guarantee Agreement (Lions Gate Entertainment Corp /Cn/)

Collateral for Undrawn Letters of Credit. (a) If the prefunding or prepayment of the amount available for drawing under any or all outstanding Letters of Credit is required under Section 1.8(b)1.3, Section 1.141.15, Section 9.2 or Section 9.3 above, including, without limitation, a requirement to Cash Collateralize any or all outstanding Letters of Credit, the Borrower Borrowers shall forthwith pay the amount required to be so prefunded or prepaid, to be held by the Administrative Agent as provided in subsection (b) below.

Appears in 2 contracts

Samples: Credit and Guaranty Agreement (Sparton Corp), Credit and Guaranty Agreement (Sparton Corp)

Collateral for Undrawn Letters of Credit. (a) If the prepayment of the amount available for drawing under any or all outstanding Letters of Credit is required under Section 1.8(b1.9(b), Section 1.141.15, Section 9.2 or Section 9.3 above, the Borrower shall forthwith pay the amount required to be so prepaid, to be held by the Administrative Agent as provided in subsection (b) below.

Appears in 2 contracts

Samples: Credit Agreement (Smart Balance, Inc.), Credit Agreement (Smart Balance, Inc.)

Collateral for Undrawn Letters of Credit. (a) If the prepayment of the amount available for drawing under any or all outstanding Letters of Credit is required under Section 1.8(b), Section 1.14, Section 9.2 8.2 or Section 9.3 8.3 above, the Borrower shall forthwith pay the amount required to be so prepaid, to be held by the Administrative Agent as provided in subsection (b) below.

Appears in 2 contracts

Samples: Credit Agreement (Information Resources Inc), Credit Agreement (Atchison Casting Corp)

Collateral for Undrawn Letters of Credit. (a) If the prepayment of the amount available for drawing under any or all outstanding Letters of Credit is required under Section 1.8(b), 2.7(b) or under Section 1.14, Section 9.2 7.2 or Section 9.3 7.3 above, the Borrower shall forthwith pay the amount required to be so prepaid, to be held by the Administrative Agent as provided in subsection (b) below.

Appears in 2 contracts

Samples: Credit Agreement (American Pharmaceutical Partners Inc /De/), Credit Agreement (Abraxis BioScience, Inc.)

Collateral for Undrawn Letters of Credit. (a) If the prepayment of the amount available for drawing under any or all outstanding Letters of Credit is required under Section 1.8(b), 2.8(c)(iii) or under Section 1.14, Section 9.2 7.2 or Section 9.3 7.3 above, the Borrower shall forthwith pay the amount required to be so prepaid, to be held by the Administrative Agent as provided in subsection (b) below.

Appears in 2 contracts

Samples: Loan Agreement (Vantiv, Inc.), Loan Agreement (Vantiv, Inc.)

Collateral for Undrawn Letters of Credit. (a) If the prepayment of the amount available for drawing under any or all outstanding Letters of Credit is required under Section 1.8(b), 2.7 or under Section 1.14, Section 9.2 6.2 or Section 9.3 6.3 above, the Borrower shall forthwith pay the amount required to be so prepaid, to be held by the Administrative Agent as provided in subsection (b) below.

Appears in 2 contracts

Samples: Credit Agreement (Hewitt Associates Inc), Credit Agreement (Hewitt Associates Inc)

Collateral for Undrawn Letters of Credit. (a) If the prepayment of the amount available for drawing under any or all outstanding Letters of Credit is required under Section 1.8(b), Section 1.14, Section 9.2 or Section 9.3 aboveabove or any other provision hereof, the Borrower shall forthwith pay the amount required to be so prepaid, to be held by the Administrative Agent as provided in subsection (b) below.

Appears in 2 contracts

Samples: Credit Agreement, Credit Agreement

Collateral for Undrawn Letters of Credit. (a) If the prepayment of the amount available for drawing under any or all outstanding Letters of Credit is required under Section 1.8(b), 2.8(c) or under Section 1.14, Section 9.2 7.2 or Section 9.3 7.3 above, the Borrower shall forthwith pay the amount required to be so prepaid, to be held by the Administrative Agent as provided in subsection (b) below.

Appears in 2 contracts

Samples: Loan Agreement (Fifth Third Bancorp), Loan Agreement (Fifth Third Bancorp)

Collateral for Undrawn Letters of Credit. (a) If the prepayment of the amount available for drawing under any or all outstanding Letters of Credit is required under Section 1.8(b), Section 1.14, 1.11(b) or under Section 9.2 or Section 9.3 above, the Borrower shall forthwith pay the amount required to be so prepaid, to be held by the Administrative Agent as provided in subsection (b) below.

Appears in 2 contracts

Samples: Credit Agreement (Apac Teleservices Inc), Credit Agreement (Apac Teleservices Inc)

Collateral for Undrawn Letters of Credit. (a) If the prepayment of the amount available for drawing under any or all outstanding Letters of Credit is required under Section 1.8(b), Section 1.141.13, Section 9.2 or Section 9.3 above, the Borrower shall forthwith pay the amount required to be so prepaid, to be held by the Administrative Agent as provided in subsection (b) below.

Appears in 2 contracts

Samples: Credit Agreement (Intl Fcstone Inc.), Credit Agreement (Intl Fcstone Inc.)

Collateral for Undrawn Letters of Credit. (a) If the prepayment of the amount available for drawing under any or all outstanding Letters of Credit is required under Section 1.8(b), 1.8(c) or under Section 1.14, Section 9.2 8.2 or Section 9.3 8.3 above, the Borrower shall forthwith pay the amount required to be so prepaid, to be held by the Administrative Agent as provided in subsection (b) below.

Appears in 1 contract

Samples: Information Resources Inc

Collateral for Undrawn Letters of Credit. (a) If the prepayment of the amount available for drawing under any or all outstanding Letters of Credit is required under Section 1.8(b2.03(b), Section 1.14, Section 9.2 2.13(a) or Section 9.3 above7.01, the Borrower shall forthwith pay the amount required to be so prepaid, to be held by the Administrative Agent as provided in subsection (b) below.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Carson Pirie Scott & Co /Il/)

Collateral for Undrawn Letters of Credit. (a) If a)If the prepayment of the amount available for drawing under any or all outstanding Letters of Credit is required under Section 1.8(b), Section 1.14, Section 9.2 or Section 9.3 above, the Borrower shall forthwith pay one hundred three percent (103%) of the amount required to be so prepaidprepaid (to cash collateralize fees and interest as well as the amount of the Letter of Credit), to be held by the Administrative Agent as provided in subsection (b) below.

Appears in 1 contract

Samples: Credit Agreement (Alpine Income Property Trust, Inc.)

Collateral for Undrawn Letters of Credit. (a) If the prepayment of the amount available for drawing under any or all outstanding Letters of Credit is required under Section 1.8(b), Section 1.14, ) or under Section 9.2 or Section 9.3 above, the Borrower shall forthwith pay the amount required to be so prepaidprepaid (not to exceed 105% of the L/C Obligations then outstanding), to be held by the Administrative Agent as provided in subsection (b) below.

Appears in 1 contract

Samples: Credit Agreement (Fifth Street Finance Corp)

Collateral for Undrawn Letters of Credit. (a) If the payment or prepayment of the amount available for drawing under any or all outstanding Letters of Credit is required under Section 1.8(b1.2(b), Section 1.14, Section 9.2 10.2 or Section 9.3 10.3 above, the Borrower shall forthwith pay the amount required to be so prepaid, to be held by the Administrative Agent as provided in subsection (b) below.

Appears in 1 contract

Samples: Multicurrency Credit Agreement (Gallagher Arthur J & Co)

Collateral for Undrawn Letters of Credit. (a) If the prepayment of the amount available for drawing under any or all outstanding Letters of Credit is required under Section 1.8(b), Section 1.141.16, Section 9.2 or Section 9.3 abovehereof, the Borrower shall forthwith pay the amount required to be so prepaid, to be held by the Administrative Agent as provided in subsection (b) below.

Appears in 1 contract

Samples: Credit Agreement (CTS Corp)

Collateral for Undrawn Letters of Credit. (a) If the prepayment of the amount available for drawing under any or all outstanding Letters of Credit is required under Section 1.8(bany of Sections 2.2(b), Section 1.142.7(b), Section 2.12, 2.13, 9.2 or Section 9.3 above, the Borrower Borrowers shall forthwith pay the amount required to be so prepaid, to be held by the Administrative Agent as provided in subsection (b) below.

Appears in 1 contract

Samples: Credit Agreement (Hub Group, Inc.)

Collateral for Undrawn Letters of Credit. (a) If the prepayment of the amount available for drawing under any or all outstanding Letters of Credit is required under Section 1.8(b), Section 1.141.17, Section 9.2 or Section 9.3 abovehereof, the Borrower shall forthwith pay the amount required to be so prepaid, to be held by the Administrative Agent as provided in subsection (b) below.

Appears in 1 contract

Samples: Credit Agreement (CTS Corp)

Collateral for Undrawn Letters of Credit. (a) If the prepayment of the amount available for drawing under any or all outstanding Letters of Credit is required under Section 1.8(b1.9(b), 1.13, or under Section 1.14, Section 9.2 8.2 or Section 9.3 8.3 above, the Borrower shall forthwith pay the amount required to be so prepaid, to be held by the Administrative Agent as provided in subsection (b) below.

Appears in 1 contract

Samples: Credit Agreement (Maf Bancorp Inc)

Collateral for Undrawn Letters of Credit. (a) If the prepayment of the amount available for drawing under any or all outstanding Letters of Credit is required under Section 1.8(b), Section 1.14, Section 9.2 or Section 9.3 above, the Borrower Parent shall forthwith pay the amount required to be so prepaid, to be held by the Administrative Agent as provided in subsection (b) below.

Appears in 1 contract

Samples: Multicurrency Credit Agreement (Lojack Corp)

Collateral for Undrawn Letters of Credit. (a) If the prepayment of the amount available for drawing under any or all outstanding Letters of Credit is required under Section 1.8(b), 2.15 or under Section 1.14, Section 9.2 or Section 9.3 above8.2, the Borrower Borrowers shall forthwith pay the amount required to be so prepaid, to be held by the Administrative Agent as provided additional Collateral (as defined in subsection (bthe Security Agreements) belowon the same terms and conditions on which the Collateral is held.

Appears in 1 contract

Samples: Credit Agreement (Lasalle Partners Inc)

Collateral for Undrawn Letters of Credit. (a) If the prepayment of the amount available for drawing under any or all outstanding Letters of Credit is required under Section 1.8(b)7.2 or 7.3, or if cash collateral is required to be provided by the Borrower pursuant to Section 1.14, Section 9.2 or Section 9.3 above2.14, the Borrower shall forthwith pay in cash the amount required to be so prepaidprepaid or provided, to be held by the Administrative Agent Agent, in its capacity as Collateral Agent, as provided in subsection (b) below.

Appears in 1 contract

Samples: Revolving Credit Agreement (Transocean Inc)

Collateral for Undrawn Letters of Credit. (a) If the payment or prepayment of the amount available for drawing under any or all outstanding Letters of Credit is required under Section 1.8(b), Section 1.14, Section 9.2 1.3(d) or Section 9.3 5.4(c) or under Section 13.2 or 13.3 above, the Borrower Company and (subject to Section 17.19) the other Borrowers shall forthwith pay the amount required to be so prepaid, to be held by the Administrative Agent as provided in subsection (b) below.

Appears in 1 contract

Samples: Multicurrency Credit Agreement (General Binding Corp)

Collateral for Undrawn Letters of Credit. (a) If the prepayment of the amount available for drawing under any or all outstanding Letters of Credit is required under Section 1.8(b), Section 1.14, Section 9.2 7.2 or Section 9.3 above7.3, the Borrower Company shall forthwith pay the amount required to be so prepaid, to be held by the Administrative Agent as provided in subsection (b) below.

Appears in 1 contract

Samples: Revolving Credit Agreement (Noble Corp)

Collateral for Undrawn Letters of Credit. (a) If the prepayment of the amount available for drawing under any or all outstanding Letters of Credit is required under Section 1.8(b), Section 1.141.17, Section 9.2 or Section 9.3 abovehereof, the Borrower Borrowers shall forthwith pay the amount required to be so prepaid, to be held by the Administrative Agent as provided in subsection (b) below.

Appears in 1 contract

Samples: Credit Agreement (CTS Corp)

Collateral for Undrawn Letters of Credit. (a) If the ---------------------------------------- prepayment of the amount available for drawing under any or all outstanding Letters of Credit or Agent Letters of Credit is required under Section 1.8(b), Section 1.14, Section 9.2 7.2 or Section 9.3 above7.3, the Borrower shall forthwith pay the amount required to be so prepaid, to be held by the Administrative Agent as provided in subsection (b) below.

Appears in 1 contract

Samples: Credit Agreement (Tuboscope Inc /De/)

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Collateral for Undrawn Letters of Credit. (a) If the payment or prepayment of the amount available for drawing under any or all outstanding Letters of Credit is required under Section 1.8(b), Section 1.14, Section 9.2 1.2(b) or Section 9.3 3.3(b) or under Section 10.2 or 10.3 above, the Borrower shall forthwith pay the amount required to be so prepaid, to be held by the Administrative Agent as provided in subsection (b) below.

Appears in 1 contract

Samples: Multicurrency Credit Agreement (Bell Sports Corp)

Collateral for Undrawn Letters of Credit. (a) If the payment or prepayment of the amount available for drawing under any or all outstanding Letters of Credit is required under Section 1.8(b), Section 1.14, Section 9.2 10.2 or Section 9.3 10.3 above, the Borrower shall forthwith pay the amount required to be so paid or prepaid, to be held by the Administrative Agent as provided in subsection (b) below.

Appears in 1 contract

Samples: Multicurrency Credit Agreement (Clarcor Inc)

Collateral for Undrawn Letters of Credit. (a) If the prepayment of the amount available for drawing under any or all outstanding Letters of Credit is required under any of Section 1.8(b2.2(b), Section 1.142.7(b), Section 2.12, 2.13, 9.2 or Section 9.3 above, the Borrower shall forthwith pay the amount required to be so prepaid, to be held by the Administrative Agent as provided in subsection (b) below.

Appears in 1 contract

Samples: Credit Agreement (Envestnet, Inc.)

Collateral for Undrawn Letters of Credit. (a) If the prepayment of the amount available for drawing under any or all outstanding Letters of Credit is required under Section 1.8(b), Section 1.14, 1.9(b) or under Section 9.2 or Section 9.3 above9.3, the Borrower shall forthwith pay in cash the amount required to be so prepaid, to be held by the Administrative Agent as provided in subsection (b) below.

Appears in 1 contract

Samples: Credit Agreement (Dave & Buster's Entertainment, Inc.)

Collateral for Undrawn Letters of Credit. (a) If the prepayment of the amount available for drawing under any or all outstanding Letters of Credit is required under Section 1.8(bany of Sections 2.2(b), Section 1.142.7(b), Section 2.12, 2.13, 9.2 or Section 9.3 above, the Borrower shall forthwith pay the amount required to be so prepaid, to be held by the Administrative Agent as provided in subsection (b) below.

Appears in 1 contract

Samples: Credit Agreement (Hub Group, Inc.)

Collateral for Undrawn Letters of Credit. (a) If the prepayment of the amount available for drawing under any or all outstanding Letters of Credit is required under Section 1.8(b2.7(b), Section 1.14, Section 9.2 or Section 9.3 above, the Borrower shall forthwith pay the amount required to be so prepaid, to be held by the Administrative Agent as provided in subsection (b) below.

Appears in 1 contract

Samples: Credit Agreement (LTC Properties Inc)

Collateral for Undrawn Letters of Credit. (a) If the prepayment of the amount available for drawing under any or all outstanding Letters of Credit is required under Section 1.8(bany of Sections 2.2(b), 2.6(b), Section 1.142.12, Section 2.13, 9.2 or Section 9.3 above, the Borrower shall forthwith pay the amount required to be so prepaid, to be held by the Administrative Agent as provided in subsection (b) below.

Appears in 1 contract

Samples: Credit Agreement (Neutral Tandem Inc)

Collateral for Undrawn Letters of Credit. (a) If the prepayment of the amount available for drawing under any or all outstanding Letters of Credit is required under Section 1.8(bany of Sections 2.3(b), 2.8(b), Section 1.142.13, Section 2.14, 9.2 or Section 9.3 above, the Borrower shall forthwith pay the amount required to be so prepaid, to be held by the Administrative Agent as provided in subsection (b) below.

Appears in 1 contract

Samples: Credit Agreement (Performant Financial Corp)

Collateral for Undrawn Letters of Credit. (a) If the prepayment or cash collateralization of the amount available for drawing under any or all outstanding Letters of Credit is required under Section 1.8(b2.7(b), Section 1.14, Section 9.2 10.2 or Section 9.3 above10.3 above (together with any accrued and unpaid fees), the Borrower shall forthwith pay the amount required to be so prepaidprepaid or cash collateralized, to be held by the Administrative Agent as provided in subsection clause (b) below.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Greenbacker Renewable Energy Co LLC)

Collateral for Undrawn Letters of Credit. (a) If the prepayment of the amount available for drawing under any or all outstanding Letters of Credit is required under Section 1.8(b), under Section 1.14, 1.2(c) or under Section 9.2 or Section 9.3 above, the Borrower shall forthwith pay the amount required to be so prepaid, to be held by the Administrative Agent as provided in subsection (b) below.

Appears in 1 contract

Samples: Credit Agreement (Unified Western Grocers Inc)

Collateral for Undrawn Letters of Credit. (a) If the prepayment of the amount available for drawing under any or all outstanding Letters of Credit is required under Section 1.8(b), Section 1.14, 1.9(b) or under Section 9.2 or Section 9.3 above, the Borrower Company shall forthwith pay the amount required to be so prepaid, to be held by the Administrative Agent as provided in subsection (b) below.

Appears in 1 contract

Samples: Credit Agreement (Amcol International Corp)

Collateral for Undrawn Letters of Credit. (a) If the prepayment of the amount available for drawing under any or all outstanding Letters of Credit is required under Section 1.8(b), 1.2(b) or under Section 1.14, Section 9.2 8.2 or Section 9.3 8.3 above, the Borrower Allex Xxxup shall forthwith pay the amount required to be so prepaid, to be held by the Administrative Agent as provided in subsection (b) below.

Appears in 1 contract

Samples: Allen Group Inc

Collateral for Undrawn Letters of Credit. (a) If the Borrower is required to deliver cash collateral under Section 1.3(b) hereof or if the prepayment of the amount available for drawing under any or all outstanding Letters of Credit is required under Section 1.8(b), Section 1.14, ) or under Section 9.2 or Section 9.3 above, the Borrower shall forthwith pay the amount required to be so prepaid, to be held by the Administrative Agent as provided in subsection (b) below.

Appears in 1 contract

Samples: Credit Agreement (Penford Corp)

Collateral for Undrawn Letters of Credit. (a) If the prepayment of the amount available for drawing under any or all outstanding Letters of Credit is required under Section 1.8(b), Section 1.14, Section 9.2 or Section 9.3 above, the Borrower shall forthwith pay the amount required to be so prepaid, to be held by the Administrative Agent as provided in subsection (b) below.

Appears in 1 contract

Samples: Credit Agreement (Lincoln Educational Services Corp)

Collateral for Undrawn Letters of Credit. (a) If the prepayment of the amount available for drawing under any or all outstanding Letters of Credit is required under Section 1.8(b), Section 1.14, ) or under Section 9.2 or Section 9.3 above, the Borrower Borrowers shall forthwith pay the amount required to be so prepaid, to be held by the Administrative Agent as provided in subsection (b) below.

Appears in 1 contract

Samples: Security Agreement (Synalloy Corp)

Collateral for Undrawn Letters of Credit. (a) If the payment or prepayment of the amount available for drawing under any or all outstanding Letters of Credit is required under Section 1.8(b), Section 1.14, Section 9.2 1.3(b) or Section 9.3 4.5(b) or under Section 10.2 or Section 10.3 above, the Borrower Borrowers shall forthwith pay the amount required to be so prepaid, to be held by the Administrative Agent as provided in subsection (b) below.

Appears in 1 contract

Samples: Credit Agreement (Gallagher Arthur J & Co)

Collateral for Undrawn Letters of Credit. (a) If the prepayment of the amount available for drawing under any or all outstanding Letters of Credit is required under Section 1.8(b1.9(b), Section 1.14, 1.16 or under Section 9.2 or Section 9.3 above, the Borrower Company shall forthwith pay the amount required to be so prepaid, to be held by the Administrative Agent as provided in subsection (b) below.

Appears in 1 contract

Samples: Credit Agreement (Amcol International Corp)

Collateral for Undrawn Letters of Credit. (a) If the prepayment of the amount available for drawing under any or all outstanding Letters of Credit is required under Section 1.8(b), 1.14(c) or under Section 1.14, Section 9.2 8.2 or Section 9.3 8.3 above, the Borrower shall forthwith pay the amount required to be so prepaid, to be held by the Administrative Agent as provided in subsection (b) below.pay

Appears in 1 contract

Samples: Credit Agreement (U S Robotics Corp/De/)

Collateral for Undrawn Letters of Credit. (a) If the prepayment of the amount available for drawing under any or all outstanding U.S. Letters of Credit is required under Section 1.8(b), 2.2(b) or under Section 1.14, Section 9.2 8.2 or Section 9.3 8.3 above, the U.S. Borrower shall forthwith pay the amount required to be so prepaid, to be held by the Administrative Agent as provided in subsection (b) below.

Appears in 1 contract

Samples: Credit Agreement (Penford Corp)

Collateral for Undrawn Letters of Credit. (a) If the prepayment of the amount available for drawing under any or all outstanding Letters of Credit is required under Section 1.8(b), Section 1.14, Section 9.2 SECTION 7.2 or Section 9.3 above7.3, the Borrower shall forthwith pay the amount required to be so prepaid, to be held by the Administrative Agent as provided in subsection (b) below.

Appears in 1 contract

Samples: Secured Credit Agreement (Quanta Services Inc)

Collateral for Undrawn Letters of Credit. (a) If the Borrower is required to deliver Cash Collateral under Section 1.2(b) or 1.15 hereof or if the prepayment of the amount available for drawing under any or all outstanding Letters of Credit is required under Section 1.8(b), Section 1.14, ) or under Section 9.2 or Section 9.3 above, the Borrower shall forthwith pay the amount required to be so prepaid, to be held by the Administrative Agent as provided in subsection (b) below.

Appears in 1 contract

Samples: Credit Agreement (Penford Corp)

Collateral for Undrawn Letters of Credit. (a1) If the prepayment of the amount available for drawing under any or all outstanding Letters of Credit is required under Section 1.8(b), Section 1.14, Section 9.2 7.2 or Section 9.3 above7.3, the Borrower shall forthwith pay the amount required to be so prepaid, to be held by the Administrative Agent as provided in subsection (b) below.)

Appears in 1 contract

Samples: Secured Credit Agreement (Quanta Services Inc)

Collateral for Undrawn Letters of Credit. (a) If the prefunding or prepayment of the amount available for drawing under any or all outstanding Letters of Credit is required under Section 1.8(b1.3, Section 1.9(b), Section 1.141.15, Section 9.2 or Section 9.3 above, the Borrower Borrowers shall forthwith pay the amount required to be so prefunded or prepaid, to be held by the Administrative Agent as provided in subsection (b) below.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Sparton Corp)

Collateral for Undrawn Letters of Credit. (a) If the prepayment of the amount available for drawing under any or all outstanding Letters of Credit is required under Section 1.8(b), Section 1.14, Section 9.2 7.2 or Section 9.3 above, the Borrower 7.3,the Company shall forthwith pay the amount required to be so prepaid, prepaid to be held by the Administrative Agent as provided in subsection (b) below.

Appears in 1 contract

Samples: Revolving Credit Agreement (Noble Corp / Switzerland)

Collateral for Undrawn Letters of Credit. (a) If the prepayment of the amount available for drawing under any or all outstanding Letters of Credit is required under Section 1.8(b), Section 1.14, 1.9(b) or under Section 9.2 or Section 9.3 above, the Borrower Borrowers shall forthwith pay the amount required to be so prepaid, to be held by the Administrative Agent as provided in subsection (bc) below.

Appears in 1 contract

Samples: Credit Agreement (CPM Holdings, Inc.)

Collateral for Undrawn Letters of Credit. (a) If the payment or prepayment of the amount available for drawing under any or all outstanding Letters of Credit is required under Section 1.8(b1.2(b), Section 1.14, Section 9.2 10.2 or Section 9.3 10.3 above, the Borrower shall forthwith pay the amount required to be so prepaid, to be held by the Administrative Agent as provided in subsection (b) below.

Appears in 1 contract

Samples: Credit Agreement (Gallagher Arthur J & Co)

Collateral for Undrawn Letters of Credit. (a) If the payment or prepayment of the amount available for drawing under any or all outstanding Letters of Credit is required under Section 1.8(b), Section 1.14, Section 9.2 1.3(d) or Section 9.3 5.4(b) or under Section 13.2 or 13.3 above, the Borrower Company and 91 (subject to Section 17.19) the other Borrowers shall forthwith pay the amount required to be so prepaid, to be held by the Administrative Agent as provided in subsection (b) below.

Appears in 1 contract

Samples: Multicurrency Credit Agreement (General Binding Corp)

Collateral for Undrawn Letters of Credit. (a) If the prepayment of the amount available for drawing under any or all outstanding Letters of Credit is required under Section 1.8(bany of Sections 2.5(b), Section 1.142.11(b), Section 9.2 or Section 9.3 above, the Borrower shall forthwith pay the amount required to be so prepaid, to be held by the Administrative Agent Bank as provided in subsection (b) below.

Appears in 1 contract

Samples: Credit Agreement (Pioneer Power Solutions, Inc.)

Collateral for Undrawn Letters of Credit. (a) If the payment or prepayment of the amount available for drawing under any or all outstanding Letters of Credit is required under Section 1.8(b), Section 1.14, Section 9.2 or Section 9.3 6.01 above, the Borrower Company shall forthwith pay the amount required to be so prepaid, to be held by the Administrative Agent as provided in subsection (b) below.

Appears in 1 contract

Samples: Credit Agreement (Donnelley Enterprise Solutions Inc)

Collateral for Undrawn Letters of Credit. (a) If the prepayment of the amount available for drawing under any or all outstanding Letters of Credit is required under Section 1.8(b), 2.8(b) or under Section 1.14, Section 9.2 7.2 or Section 9.3 7.3 above, the Borrower Borrowers shall forthwith pay the amount required to be so prepaid, to be held by the Administrative Agent as provided in subsection (b) below.

Appears in 1 contract

Samples: Credit Agreement (Globe Specialty Metals Inc)

Collateral for Undrawn Letters of Credit. (a) If the prepayment of the amount available for drawing under any or all outstanding Letters of Credit is required under any of Section 1.8(b2.03(b), Section 1.142.09(b), Section 9.2 2.14, 2.15, 9.02 or Section 9.3 9.03 above, the Borrower shall forthwith pay the amount required to be so prepaid, to be held by the Administrative Agent as provided in subsection (b) below.below.\

Appears in 1 contract

Samples: Credit Agreement (Dynatrace, Inc.)

Collateral for Undrawn Letters of Credit. (a) If the payment or prepayment of the amount available for drawing under any or all outstanding Letters of Credit is required under Section 1.8(b), 2.8(b) or under Section 1.14, Section 9.2 8.2 or Section 9.3 8.3 above, the Borrower shall forthwith pay the amount required to be so prepaid, to be held by the Administrative Agent as provided in subsection (b) below.

Appears in 1 contract

Samples: Credit Agreement (NRG Energy Inc)

Collateral for Undrawn Letters of Credit. (a) If the prepayment of the amount available for drawing under any or all outstanding Letters of Credit is required under Section 1.8(b)1.2, Section 1.14, Section 9.2 8.2 or Section 9.3 above8.3, the Borrower shall forthwith pay the amount required to be so prepaid, to be held by the Administrative Agent as provided in subsection (b) below.

Appears in 1 contract

Samples: Credit Agreement (Usfreightways Corp)

Collateral for Undrawn Letters of Credit. (a) If the prepayment of the amount available for drawing under any or all outstanding Letters of Credit is required under Section 1.8(b), 1.2(b) or under Section 1.14, Section 9.2 8.2 or Section 9.3 8.3 above, the Borrower shall forthwith pay the amount required to be so prepaid, to be held by the Administrative Agent as provided in subsection (b) below.

Appears in 1 contract

Samples: Credit Agreement (Allen Group Inc)

Collateral for Undrawn Letters of Credit. (a) If the prepayment of the amount available for drawing under any or all outstanding Letters of Credit is required under Section 1.8(b), Section 1.14, Section 9.2 7.2 or Section 9.3 above7.3, the Borrower shall forthwith pay in cash the amount required to be so prepaid, to be held by the Administrative Agent as provided in subsection (b) below.

Appears in 1 contract

Samples: Year Revolving Credit Agreement (Transocean Inc)

Collateral for Undrawn Letters of Credit. (a) If the prepayment of the amount available for drawing under any or all outstanding Letters of Credit is required under Section 1.8(b), Section 1.14, Section 9.2 or Section 9.3 9.1 above, the Borrower shall forthwith pay the amount required to be so prepaid, to be held by the Administrative Agent as provided in subsection (b) below.

Appears in 1 contract

Samples: Revolving Credit Agreement (Lazare Kaplan International Inc)

Collateral for Undrawn Letters of Credit. (a) If the prepayment of the amount available for drawing under any or all outstanding Letters of Credit is required under Section 1.8(b2.8(b), Section 1.142.13, Section 9.2 8.2 or Section 9.3 8.3 above, the Borrower shall forthwith pay the amount required to be so prepaid, to be held by the Administrative Agent Bank as provided in subsection (b) of this Section, below.

Appears in 1 contract

Samples: Credit Agreement (Female Health Co)

Collateral for Undrawn Letters of Credit. (a) If the prepayment of the amount available for drawing under any or all outstanding Letters of Credit is required under Section 1.8(bany of Sections 2.3(b), Section 1.142.8(b), Section 2.13, 2.14, 9.2 or Section 9.3 above, the Borrower shall forthwith pay the amount required to be so prepaid, to be held by the Administrative Agent as provided in subsection (b) below.

Appears in 1 contract

Samples: Credit Agreement (Shimmick Corp)

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