Cover for Letter of Credit Liabilities. In the event that the Borrowers shall be required pursuant to this Section 2.10, to provide cover for Letter of Credit Liabilities, the Borrowers shall effect the same by paying to the Administrative Agent immediately available funds in an amount equal to the required amount, which funds shall be retained by the Administrative Agent in the Collateral Account (as collateral security in the first instance for the Letter of Credit Liabilities) until such time as the Letters of Credit shall have been terminated and all of the Letter of Credit Liabilities paid in full.
Appears in 6 contracts
Samples: Credit Agreement (Mediacom Broadband Corp), Credit Agreement (Mediacom Broadband Corp), Credit Agreement (Mediacom Capital Corp)
Cover for Letter of Credit Liabilities. In the event that the Borrowers Company shall be required pursuant to this Section 2.10, 2.10 to provide cover for Letter of Credit Liabilities, the Borrowers Company shall effect the same by paying to the Administrative Agent immediately available funds in an amount equal to the required amount, which funds shall be retained by the Administrative Agent in the Collateral Account (as provided therein as collateral security in the first instance for the Letter of Credit Liabilities) until such time as the Letters of Credit shall have been terminated and all of the Letter of Credit Liabilities paid in full.
Appears in 3 contracts
Samples: Credit Agreement (Be Aerospace Inc), Credit Agreement (Be Aerospace Inc), Credit Agreement (Be Aerospace Inc)
Cover for Letter of Credit Liabilities. In the event that the Borrowers Borrower shall be required pursuant to this Section 2.10, 2.10 to provide cover for Letter of Credit Liabilities, the Borrowers Borrower shall effect the same by paying to the Administrative Agent immediately available funds in an amount equal to the required amount, which funds shall be retained by the Administrative Agent in the Collateral Account (as provided in the Security Agreement as collateral security in the first instance for the Letter of Credit Liabilities) until such time as the all Letters of Credit shall have been terminated and all of the Letter of Credit Liabilities paid in full.
Appears in 3 contracts
Samples: Credit Agreement (Imco Recycling Inc), Credit Agreement (Atrium Companies Inc), Credit Agreement (Atrium Companies Inc)
Cover for Letter of Credit Liabilities. In the event that the Borrowers Borrower or PR Borrower shall be required pursuant to this Section 2.10, 2.10 to provide cover for Letter of Credit Liabilities, the Borrowers Borrower shall effect the same by paying to the Administrative Agent immediately available funds in an amount equal to the required amount, which funds shall be retained by the Administrative Agent in the Collateral Account (as provided in the Security Agreement as collateral security in the first instance for the Letter of Credit Liabilities) until such time as the all Letters of Credit shall have been terminated and all of the Letter of Credit Liabilities paid in full.
Appears in 3 contracts
Samples: Credit Agreement (Centennial Communications Corp /De), Security Agreement (Centennial Cellular Corp), Reaffirmation Agreement (Centennial Communications Corp /De)
Cover for Letter of Credit Liabilities. In the event that the Borrowers Borrower -------------------------------------- shall be required pursuant to this Section 2.10, to provide cover for Letter of Credit Liabilities, the Borrowers Borrower shall effect the same by paying to the Administrative Agent immediately available funds in an amount equal to the required amount, which funds shall be retained by the Administrative Agent in the Collateral Account (as provided therein as collateral security in the first instance for the Letter of Credit Liabilities) until such time as the Letters of Credit shall have been terminated and all of the Letter of Credit Liabilities paid in full.
Appears in 2 contracts
Samples: Credit Agreement (Mediacom LLC), Credit Agreement (Mediacom LLC)
Cover for Letter of Credit Liabilities. In the event that the Borrowers Borrower -------------------------------------- shall be required pursuant to this Section 2.10, 2.10 to provide cover for Letter of Credit Liabilities, the Borrowers Borrower shall effect the same by paying to the Administrative Agent immediately available funds in an amount equal to the required amount, which funds shall be retained by the Administrative Agent in the Collateral Account (as provided in the Security Agreement as collateral security in the first instance for the Letter of Credit Liabilities) until such time as the all Letters of Credit shall have been terminated and all of the Letter of Credit Liabilities paid in full.
Appears in 1 contract
Samples: Credit Agreement (Princess Beverly Coal Holding Co Inc)
Cover for Letter of Credit Liabilities. In the event that -------------------------------------- the Borrowers Borrower shall be required pursuant to this Section 2.10, or pursuant to Section 3.01(a), to provide cover for Letter of Credit Liabilities, the Borrowers Borrower shall effect the same by paying to the Administrative Agent in immediately available funds in an amount equal to the required amount, which funds shall be retained by the Administrative Agent in the Collateral Account (as provided therein as collateral security in the first instance for the Letter of Credit Liabilities) until such time as the Letters of Credit shall have been terminated and all of the Letter of Credit Liabilities paid in full.
Appears in 1 contract
Samples: Credit Agreement (Premier Parks Inc)
Cover for Letter of Credit Liabilities. In the event that the Borrowers Borrower shall be required pursuant to this Section 2.10, 2.10 to provide cover for Letter of Credit Liabilities, the Borrowers Borrower shall effect the same by paying to the Administrative Agent immediately available funds in an amount equal to the required amount, which funds shall be retained by the Administrative Agent in the Collateral Account (as provided in the Security Agreement as collateral security in the first instance for the Letter of Credit Liabilities) until such time as the all Letters of Credit shall have been terminated and all of the Letter of Credit Liabilities paid in full.
Appears in 1 contract
Samples: Credit Agreement (Pricellular Corp)
Cover for Letter of Credit Liabilities. In the event that the -------------------------------------- Borrowers shall be required pursuant to this Section 2.10, to provide cover for Letter of Credit Liabilities, the Borrowers shall effect the same by paying to the Administrative Agent immediately available funds in an amount equal to the required amount, which funds shall be retained by the Administrative Agent in the Collateral Account (as provided therein as collateral security in the first instance for the Letter of Credit Liabilities) until such time as the Letters of Credit shall have been terminated and all of the Letter of Credit Liabilities paid in full.
Appears in 1 contract
Cover for Letter of Credit Liabilities. In the event that the -------------------------------------- Borrowers shall be required pursuant to this Section 2.10, to provide cover for Letter of Credit Liabilities, the Borrowers shall effect the same by paying to the Administrative Agent immediately available funds in an amount equal to the required amount, which funds shall be retained by the Administrative Agent in the Collateral Account (as collateral security in the first instance for the Letter of Credit Liabilities) until such time as the Letters of Credit shall have been terminated and all of the Letter of Credit Liabilities paid in full.
Appears in 1 contract
Cover for Letter of Credit Liabilities. In the event xxx xxent that the Borrowers Company shall be required pursuant to this Section 2.10, 2.12 to provide cover for Letter of Credit Liabilities, the Borrowers Company shall effect the same by paying to the Administrative Agent immediately available funds in an amount equal to the required amount, which funds shall be retained by the Administrative Agent in the Collateral Account (as provided therein as collateral security in the first instance for the Letter of Credit Liabilities) until such time as the Letters of Credit shall have been terminated and all of the Letter of Credit Liabilities paid in full.
Appears in 1 contract
Cover for Letter of Credit Liabilities. In the event that the Borrowers Borrower shall be required pursuant to this Section 2.10, 2.10 to provide cover for Letter of Credit Liabilities, the Borrowers Borrower shall effect the same by paying to the Administrative Collateral Agent immediately available funds in an amount equal to the required amount, which funds shall be retained by the Administrative Collateral Agent in the Collateral LC Sub-Account (as collateral security in the first instance for the Letter of Credit Liabilities) until such time as the all Letters of Credit shall have been terminated and all of the Letter of Credit Liabilities paid in full.
Appears in 1 contract
Cover for Letter of Credit Liabilities. In the event that the Borrowers Borrower shall be required pursuant to this Section 2.10, 2.10 to provide cover for Letter of Credit Liabilities, the Borrowers Borrower shall effect the same by paying to the Administrative Collateral Agent immediately available funds in an amount equal to the required amount, which funds shall be retained by the Administrative Collateral Agent in the Collateral Account (as collateral security in the first instance for the Letter of Credit Liabilities) until such time as the all Letters of Credit shall have been terminated and all of the Letter of Credit Liabilities have been paid in full.
Appears in 1 contract
Cover for Letter of Credit Liabilities. In the event that the Borrowers Borrower shall be required pursuant to this Section 2.102.09, or pursuant to Section 6.01, to provide cover for Letter of Credit Liabilities, the Borrowers Borrower shall effect the same by paying to the Administrative Agent immediately available funds in an amount equal to the required amount, which funds shall be retained by the Administrative Agent in the Collateral Account (as provided therein as collateral security in the first instance for the Letter of Credit Liabilities) until such time as the Letters of Credit shall have been terminated and all of the Letter of Credit Liabilities paid in full.
Appears in 1 contract
Cover for Letter of Credit Liabilities. In the event that the Borrowers shall be required pursuant to this Section 2.10, or pursuant to Section 3.01 or 5.07(c) hereof, to provide cover for Letter of Credit Liabilities, the Borrowers shall effect the same by paying to the Administrative Agent immediately available funds in an amount equal to the required amount, which funds shall be retained by the Administrative Agent in the Collateral Account (as provided in Section 4.04 of the Security Agreement as collateral security in the first instance for the Letter of Credit Liabilities) until such time as the Letters of Credit shall have been terminated and all of the Letter of Credit Liabilities have been paid in full.
Appears in 1 contract
Samples: Credit Agreement (Forest Oil Corp)
Cover for Letter of Credit Liabilities. In the event that the Borrowers Borrower shall be required pursuant to this Section 2.10, 2.07(c) to provide cover for Letter of Credit Liabilities, the Borrowers Borrower shall effect the same by paying to the Administrative Agent immediately available same day funds in an amount equal to the required amount, which funds shall be retained by the Administrative Agent deposited in the L/C Cash Collateral Account (as collateral security in the first instance for the Letter of Credit Liabilities) until such time as the Letters of Credit shall have been terminated and all of the Letter of Credit Liabilities paid in full.
Appears in 1 contract
Samples: Credit Agreement (Imation Corp)
Cover for Letter of Credit Liabilities. In the event that the Borrowers Borrower shall be required pursuant to this Section 2.10, 2.09 or Section 3.01(a) hereof to provide cover for Letter of Credit Liabilities, the Borrowers Borrower shall effect the same by paying to the Administrative Agent immediately available funds in an amount equal to the required amount, which funds shall be retained by the Administrative Agent in the Collateral Account (as provided herein as collateral security in the first instance for the Letter of Credit Liabilities) until such time as the Letters of Credit shall have been terminated and all of the Letter of Credit Liabilities paid in full.
Appears in 1 contract
Cover for Letter of Credit Liabilities. In the event that the Borrowers -------------------------------------- shall be required pursuant to this Section 2.10, to provide cover for Letter of Credit Liabilities, the Borrowers shall effect the same by paying to the Administrative Agent immediately available funds in an amount equal to the required amount, which funds shall be retained by the Administrative Agent in the Collateral Account (as collateral security in the first instance for the Letter of Credit Liabilities) until such time as the Letters of Credit shall have been terminated and all of the Letter of Credit Liabilities paid in full.
Appears in 1 contract
