Cover for Letter of Credit Liabilities. In the event that the Company shall be required pursuant to this Section 2.09 to provide cover for Letter of Credit Liabilities, the Company shall effect the same by paying to the Agent immediately available funds in an amount equal to the required amount, which funds shall be retained by the Agent in the Collateral Account (as provided therein as collateral security in the first instance for Letter of Credit Liabilities) until such time as the Letter of Credit shall have been terminated and all of the Letter of Credit Liabilities paid in full.
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Samples: Credit Agreement (Cornell Corrections Inc), Credit Agreement (Cornell Corrections Inc)
Cover for Letter of Credit Liabilities. In the event that the Company shall be required pursuant to this Section 2.09 to provide cover for Letter of Credit Liabilities, the Company shall effect the same by paying to the Agent in immediately available funds in an amount equal to the required amount, which funds shall be retained by the 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 Letter Letters of Credit shall have been terminated and all of the such Letter of Credit Liabilities paid in full.
Appears in 2 contracts
Samples: Credit Agreement (Suiza Foods Corp), Credit Agreement (Suiza Foods Corp)
Cover for Letter of Credit Liabilities. In the event that the Company shall be required pursuant to this Section 2.09 2.11 to provide cover for Letter of Credit Liabilities, the Company shall effect the same by paying to the Agent immediately available funds in an amount equal to the required amount, which funds shall be retained by the 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 Letter Letters of Credit shall have been terminated and all of the Letter of Credit Liabilities paid in full.
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Cover for Letter of Credit Liabilities. In the event that the Company shall be required pursuant to this Section SECTION 2.09 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 Letter of Credit Liabilities) until such time as the Letter of Credit shall have been terminated and all of the Letter of Credit Liabilities paid in full.
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Cover for Letter of Credit Liabilities. In the event that the Company shall be required pursuant to this Section 2.09 to provide cover for Letter of Credit Liabilities, the Company shall effect the same by paying to the Agent in immediately available funds in an amount equal to the required amount, which funds shall be retained by the 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 Letter Letters of Credit shall have been terminated and all of the such Letter of Credit Liabilities paid in full.. CREDIT AGREEMENT
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Samples: Credit Agreement (Suiza Foods Corp)
Cover for Letter of Credit Liabilities. In the event that the Company shall be required pursuant to this Section 2.09 2.10 to provide cover for Letter of Credit Liabilities, the Company shall effect the same by paying to the Agent immediately available funds in an amount equal to the required amount, which funds shall be retained by the Agent in the Collateral Account (as provided therein as collateral security in the first instance for Letter of Credit Liabilities) until such time as the Letter all Letters of Credit shall have been terminated and all of the Letter of Credit Liabilities paid in full.
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