Common use of Cover for Letter of Credit Liabilities Clause in Contracts

Cover for Letter of Credit Liabilities. Amounts deposited into the Collateral Account as cover for Letter of Credit Liabilities under the Credit Agreement pursuant to Section 3.02(d) or Section 10 thereof shall be held by the Administrative Agent in a separate sub-account (designated “Letter of Credit Liabilities Sub-Account”) and all amounts held in such sub-account shall constitute collateral security first for the Letter of Credit Liabilities outstanding from time to time and second as collateral security for the other Secured Obligations hereunder.

Appears in 2 contracts

Samples: Credit Agreement (Iron Mountain Inc), Subsidiary Pledge Agreement (Iron Mountain Inc)

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Cover for Letter of Credit Liabilities. Amounts deposited into the Collateral Account as cover for Letter of Credit Liabilities under the Credit Agreement pursuant to Section 2.10, Section 3.02(d) or Section 10 thereof shall be held by the Administrative Agent in a separate sub-account (designated “Letter of Credit Liabilities Sub-Account”) and all amounts held in such sub-account shall constitute collateral security first for the Letter of Credit Liabilities outstanding from time to time and second as collateral security for the other Secured Obligations hereunder.

Appears in 2 contracts

Samples: Credit Agreement (Iron Mountain Inc), Credit Agreement (Iron Mountain Inc)

Cover for Letter of Credit Liabilities. Amounts deposited into the Collateral Account as cover for Letter of Credit Liabilities under the Second Amended and Restated Credit Agreement pursuant to Section 3.02(d2.10(e) or and Section 10 thereof shall be held by the Administrative Agent in a separate sub-account (designated "Letter of Credit Liabilities Sub-Account") and all amounts held in such sub-account shall constitute collateral security first FIRST for the Letter of Credit Liabilities outstanding from time to time and second SECOND as collateral security for the other Secured Obligations hereunder.

Appears in 2 contracts

Samples: Credit Agreement (Canadian Forest Oil LTD), Security Agreement (Canadian Forest Oil LTD)

Cover for Letter of Credit Liabilities. Amounts deposited into the Collateral Account as cover for Letter of Credit Liabilities under the Credit Agreement pursuant to Section 3.02(d2.10(f) or Section 10 9 thereof shall be held by the Administrative Agent in a separate sub-account (designated "Letter of Credit Liabilities Sub-Account") and all amounts held in such sub-account shall constitute collateral security first for the Letter of Credit Liabilities outstanding from time to time and second as collateral security for the other Secured Obligations hereunder.

Appears in 2 contracts

Samples: Credit Agreement (Be Aerospace Inc), Credit Agreement (Be Aerospace Inc)

Cover for Letter of Credit Liabilities. Amounts deposited into the Collateral Account as cover for Letter of Credit Liabilities under the Credit Agreement pursuant to Section 3.02(d3.02(c) or Section 10 thereof shall be held by the Administrative Agent in a separate sub-account (designated "Letter of Credit Liabilities Sub-Account") and all amounts held in such sub-account shall constitute collateral security first for the Letter of Credit Liabilities outstanding from time to time and second as collateral security for the other Secured Obligations hereunder.

Appears in 1 contract

Samples: Credit Agreement (Iron Mountain Inc /De)

Cover for Letter of Credit Liabilities. Amounts deposited into Cash standing to the credit of the Collateral Account as cover for Letter of Credit Liabilities under the Credit Agreement pursuant to Section 3.02(d2.10(f) or Section 10 9.01 thereof shall be held by the Administrative Agent in a separate sub-account (designated “Letter of Credit Liabilities Sub-Account”) and all amounts held in such sub-account shall constitute collateral security first for the Letter of Credit Liabilities outstanding from time to time and second as collateral security for the other Secured Obligations hereunder.

Appears in 1 contract

Samples: Credit Agreement (Mediacom Capital Corp)

Cover for Letter of Credit Liabilities. Amounts deposited into the Collateral Account as cover for Letter of Credit Liabilities under the Second Amended and Restated Credit Agreement pursuant to Section 3.02(d2.10(e) or Section 10 thereof shall be held by the Administrative Agent in a separate sub-account (designated "Letter of Credit Liabilities Sub-Account") and all amounts held in such sub-account shall constitute collateral security first FIRST for the Letter of Credit Liabilities outstanding from time to time and second SECOND as collateral security for the other Secured Obligations hereunder.

Appears in 1 contract

Samples: Credit Agreement (Canadian Forest Oil LTD)

Cover for Letter of Credit Liabilities. Amounts deposited into the Collateral Account as cover for Letter of Credit Liabilities under the Credit Agreement pursuant to Section 3.02(d2.10(f) or Section 10 9 thereof shall be held by the Administrative Agent in a separate sub-account (designated "Letter of Credit Liabilities Sub-Account") and all amounts held in such sub-account shall constitute collateral security first for the Letter of Credit Liabilities outstanding from time to time and second as collateral security for the other Revolving Credit Secured Obligations hereunder.

Appears in 1 contract

Samples: Credit Agreement (Be Aerospace Inc)

Cover for Letter of Credit Liabilities. Amounts deposited into the Collateral Account as cover for Letter of Credit Liabilities under the Credit Agreement pursuant to Section 3.02(d2.09(f) or Section 10 9 thereof shall be held by the Administrative Agent in a separate sub-account (designated "Letter of Credit Liabilities Sub-Account") and all amounts held in such sub-account shall constitute collateral security first for the Letter of Credit Liabilities outstanding from time to time and second as collateral security for the other Secured Obligations hereunder.

Appears in 1 contract

Samples: Credit Agreement (Suiza Foods Corp)

Cover for Letter of Credit Liabilities. Amounts deposited into the Collateral Account as cover for Letter of Credit Liabilities under the Credit Agreement pursuant to Section 3.02(d2.10(g) or the last paragraph of Section 10 thereof shall be held by the Administrative Agent in a separate sub-account (designated "Letter of Credit Liabilities Sub-Account") and all amounts held in such sub-account shall constitute collateral security first FIRST for the Letter of Credit Liabilities outstanding from time to time and second SECOND as collateral security for the other Secured Obligations hereunder.

Appears in 1 contract

Samples: Credit Agreement (Panavision Inc)

Cover for Letter of Credit Liabilities. Amounts deposited into the Collateral Account as cover for Letter of Credit Liabilities under the Credit Agreement pursuant to Section 3.02(d2.10(h) or Section 10 thereof shall be held by the Administrative Agent in a separate sub-account (designated "Letter of Credit Liabilities Sub-Account") and all amounts held in such sub-account shall constitute collateral security first for the Letter of Credit Liabilities outstanding from time to time and second as collateral security for the other Secured Obligations hereunder.

Appears in 1 contract

Samples: Security Agreement (United Stationers Supply Co)

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Cover for Letter of Credit Liabilities. Amounts deposited into the Lxxxxxx Collateral Account as cover for Letter of Credit Liabilities under the Credit Agreement pursuant to Section 3.02(d2.10(h) or Section 10 thereof of the Credit Agreement shall be held by the Administrative Agent in a separate sub-account (designated "Letter of Credit Liabilities Sub-Account") and all amounts held in such sub-account shall constitute collateral security first for the Letter of Credit Liabilities outstanding from time to time and second as collateral security for the other Secured Obligations hereunder.

Appears in 1 contract

Samples: Credit Agreement (United Stationers Supply Co)

Cover for Letter of Credit Liabilities. Amounts deposited into the Collateral Account as cover for Letter of Credit Liabilities under pursuant to Section 2.10 or Section 10 of the Credit Agreement pursuant to Section 3.02(d) or Section 10 thereof shall be held by the Administrative Agent in a separate sub-account (designated “Letter of Credit Liabilities Sub"LETTER OF CREDIT LIABILITIES SUB-Account”ACCOUNT") and all amounts held in such sub-account shall constitute collateral security first FIRST for the Letter of Credit Liabilities outstanding from time to time and second SECOND as collateral security for the other Secured Obligations hereunder.

Appears in 1 contract

Samples: Pledge and Security Agreement (Commonwealth Aluminum Corp)

Cover for Letter of Credit Liabilities. Amounts deposited into the Collateral Account as cover for Letter of Credit Liabilities under pursuant to Sections 2.10(f) or 9 of the Credit Agreement pursuant to Section 3.02(d) or Section 10 thereof shall be held by the Administrative Agent in a separate sub-account (designated "Letter of Credit Liabilities Sub-Account") of the Collateral Account, and all amounts held in such sub-account shall constitute collateral security first for the Letter of Credit Liabilities outstanding from time to time and second as collateral security for the other Secured Obligations hereunderObligations.

Appears in 1 contract

Samples: Security Agreement (Kash N Karry Food Stores Inc)

Cover for Letter of Credit Liabilities. Amounts deposited into the Collateral Account as cover for Letter of Credit Liabilities under the Credit Agreement pursuant to Section 3.02(d2.10(h) or Section 10 thereof shall be held by the Administrative Agent in a separate sub-account (designated "Letter of Credit Liabilities Sub-Account") and all amounts held in such sub-account shall constitute collateral security first for the Letter of Credit Liabilities outstanding from time to time and second as collateral security for the other Secured Obligations hereunder.

Appears in 1 contract

Samples: Credit Agreement (United Stationers Supply Co)

Cover for Letter of Credit Liabilities. Amounts deposited into the Collateral Account as cover for Letter of Credit Liabilities under the Credit Agreement pursuant to Section 3.02(d2.10(f) or Section 10 9 thereof shall be held by the Administrative Agent in a separate sub-account (designated "Letter of Credit Liabilities Sub-Account") and all amounts held in such sub-account shall constitute collateral security first for the Letter of Credit Liabilities outstanding from time to time and second as collateral security for the other Series A Secured Obligations hereunder.

Appears in 1 contract

Samples: Guarantee and Security Agreement (Be Aerospace Inc)

Cover for Letter of Credit Liabilities. Amounts deposited into the Collateral Account as cover for Letter of Credit Liabilities under the Credit Agreement pursuant to Section 3.02(d2.10(h) or Section 10 thereof shall be held by the Administrative Agent in a separate sub-account (designated “Letter of Credit Liabilities Sub"LETTER OF CREDIT LIABILITIES SUB-Account”ACCOUNT") and all amounts held in such sub-account shall constitute collateral security first FIRST for the Letter of Credit Liabilities outstanding from time to time and second SECOND as collateral security for the other Secured Obligations hereunder.

Appears in 1 contract

Samples: Security Agreement (United Stationers Supply Co)

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