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

Collateral for Undrawn Letters of Credit. If Cash Collateral for drawings under any or all outstanding Letters of Credit is required under Section 2.7(b) or under Section 7.2 or under Section 7.3, the Borrowers shall forthwith Cash Collateralize the amount required as provided in Section 4.5.

Appears in 7 contracts

Samples: Credit Agreement (Delek Logistics Partners, LP), Credit Agreement (Delek US Holdings, Inc.), Credit Agreement (Delek US Holdings, Inc.)

AutoNDA by SimpleDocs

Collateral for Undrawn Letters of Credit. If Cash Collateral for drawings under any or all outstanding Letters of Credit is required under Section 2.7(b2.3(b) or under Section 7.2 or under Section 7.3, the Borrowers Borrower shall forthwith Cash Collateralize the amount required as provided in Section 4.5.

Appears in 5 contracts

Samples: Credit Agreement (American CyberSystems Inc), Joint Venture Agreement (Limbach Holdings, Inc.), Credit Agreement (Limbach Holdings, Inc.)

Collateral for Undrawn Letters of Credit. If Cash Collateral for drawings under any or all outstanding Letters of Credit is required under Section 2.7(b2.3(b) or under Section 7.2 8.2 or under Section 7.38.3, the Borrowers Borrower shall forthwith Cash Collateralize the amount required as provided in Section 4.54.

Appears in 1 contract

Samples: Assignment and Assumption (Turning Point Brands, Inc.)

AutoNDA by SimpleDocs

Collateral for Undrawn Letters of Credit. If Cash Collateral for drawings under any or all outstanding Letters of Credit is required under Section 2.7(b2.3(b) or under Section 7.2 8.2 or under Section 7.38.3, the Borrowers shall forthwith Cash Collateralize the amount required as provided in Section 4.54.

Appears in 1 contract

Samples: Credit Agreement (Turning Point Brands, Inc.)

Time is Money Join Law Insider Premium to draft better contracts faster.