Cover for Letter of Credit Liabilities. In the event that the Company shall be required pursuant to this Section 2.10, or pursuant to Section 3.01(a) hereof, to provide cover for Letter of Credit Liabilities, the 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 2 contracts
Samples: Credit Agreement (Triarc Companies Inc), Credit Agreement (Advo Inc)
Cover for Letter of Credit Liabilities. In the event that the Company shall be required pursuant to this Section 2.10, or pursuant to Section 3.01(a) 3.01 hereof, to provide cover for Letter of Credit Liabilities, the 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 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 Company -------------------------------------- Borrower shall be required pursuant to this Section 2.10, or pursuant to Section 3.01(a) hereof), to provide cover for Letter of Credit Liabilities, the Company 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 Company Borrowers shall be required pursuant to this Section 2.10, or pursuant to Section 3.01(a) 10 hereof, to provide cover for Letter of Credit Liabilities, the Company 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 Company Borrower shall be required pursuant to this Section 2.10, or pursuant to Section 3.01(a) hereof), to provide cover for Letter of Credit Liabilities, the Company 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
Samples: Credit Agreement (Premier Parks Inc)
Cover for Letter of Credit Liabilities. In the event that the Company Borrower shall be required pursuant to this Section 2.10, or pursuant to Section 3.01(a) hereof), to provide cover for Letter of Credit Liabilities, the Company Borrower shall effect the same by paying to the Administrative Agent immediately available Credit Agreement 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 Company shall be required pursuant to this Section 2.10, or pursuant to Section 3.01(a) 10 hereof, to provide cover for Letter of Credit Liabilities, the 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 -------------------------------------- Company shall be required pursuant to this Section 2.10, or pursuant to Section 3.01(a) hereof, to provide cover for Letter of Credit Liabilities, the 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
Samples: Credit Agreement (Advo Inc)