Common use of Credit-Linked Deposit Account Clause in Contracts

Credit-Linked Deposit Account. (a) The Credit-Linked Deposits shall be held by the Administrative Agent in the Credit-Linked Deposit Account, and no party other than the Administrative Agent shall have a right of withdrawal from the Credit-Linked Deposit Account or any other right or power with respect to the Credit-Linked Deposits, except as expressly set forth in Section 2.05, 2.08 or 2.10. Notwithstanding any provision in this Agreement to the contrary, the sole funding obligation of each Synthetic L/C Lender in respect of its participation in Synthetic Letters of Credit shall be satisfied in full upon the funding of its Credit-Linked Deposit on or prior to the Closing Date.

Appears in 3 contracts

Samples: Eleventh Amendment (Anywhere Real Estate Group LLC), Credit Agreement (Realogy Holdings Corp.), Credit Agreement (Realogy Holdings Corp.)

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Credit-Linked Deposit Account. (a) The Credit-Linked Deposits shall be held by the Administrative Agent in the Credit-Linked Deposit Account, and no party other than the Administrative Agent shall have a right of withdrawal from the Credit-Linked Deposit Account or any other right or power with respect to the Credit-Linked Deposits, except as expressly set forth in Section 2.05, 2.08 2.09 or 2.102.11. Notwithstanding any provision in this Agreement to the contrary, the sole funding obligation of each Synthetic L/C Lender in respect of its participation in Synthetic Letters of Credit shall be satisfied in full upon the funding of its Credit-Linked Deposit on or prior to the Closing Date.

Appears in 2 contracts

Samples: Credit Agreement (Momentive Performance Materials Inc.), Credit Agreement (MPM Silicones, LLC)

Credit-Linked Deposit Account. (a) The Credit-Linked Deposits shall be held by the Administrative Agent in the Credit-Linked Deposit Account, and no party other than the Administrative Agent shall have a right of withdrawal from the Credit-Linked Deposit Account or any other right or power with respect to the Credit-Linked Deposits, except as expressly set forth in Section 2.05, 2.08 or 2.10. Notwithstanding any provision in this Agreement to the contrary, the sole funding obligation of each Synthetic L/C Lender in respect of its participation in Synthetic Letters of Credit shall be satisfied in full upon the funding of its Credit-Linked Deposit on or prior to the Closing Date.

Appears in 1 contract

Samples: Credit Agreement (NRT Settlement Services of Missouri LLC)

Credit-Linked Deposit Account. (a) The Credit-Linked Deposits shall be held by the Administrative Agent in the Credit-Linked Deposit Account, and no party other than the Administrative Agent shall have a right of withdrawal from the Credit-Linked Deposit Account or any other right or power with respect to the Credit-Linked Deposits, except as expressly set forth in Section 2.052.02(f), 2.08 2.09(b) or 2.102.09(d). Notwithstanding any provision in this Agreement to the contrary, the sole funding obligation of each Synthetic L/C Term Lender in respect of its participation in Synthetic Funded Letters of Credit shall be satisfied in full upon the funding of its Credit-Linked Deposit on or prior to the Closing Date.

Appears in 1 contract

Samples: Credit Agreement (NRG Energy Inc)

Credit-Linked Deposit Account. (a) The Credit-Linked Deposits shall be held by the Administrative Agent in the Credit-Linked Deposit Account, and no party other than the Administrative Agent shall have a right of withdrawal from the Credit-Linked Deposit Account or any other right or power with respect to the Credit-Linked Deposits, except as expressly set forth in Section 2.05, 2.08 2.07(b) or 2.10Section 2.18(e)(iii). Notwithstanding any provision in this Agreement to the contrary, the sole funding obligation of each Synthetic L/C Funded LC Lender in respect of its participation in Synthetic Funded Letters of Credit shall be satisfied in full upon the funding of its Credit-Linked Deposit on or prior to the Closing Date.

Appears in 1 contract

Samples: Credit Agreement (Builders FirstSource, Inc.)

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Credit-Linked Deposit Account. (a) The Credit-Linked Deposits shall be held by the Administrative Agent in the Credit-Linked Deposit Account, and no party other than the Administrative Agent shall have a right of withdrawal from the Credit-Linked Deposit Account or any other right or power with respect to the Credit-Linked Deposits, except as expressly set forth in Section 2.05, 2.08 2.02(f) or 2.102.09(b). Notwithstanding any provision in this Agreement to the contrary, the sole funding obligation of each Synthetic Funded L/C Lender in respect of its participation in Synthetic Funded Letters of Credit shall be satisfied in full upon the funding of its Credit-Linked Deposit on or prior to the Closing Date.

Appears in 1 contract

Samples: Credit Agreement (Alpha Natural Resources, Inc.)

Credit-Linked Deposit Account. (a) The Credit-Linked Deposits shall be held by the Administrative Agent in the Credit-Linked Deposit Account, and no party other than the Administrative Agent shall have a right of withdrawal from the Credit-Linked Deposit Account or any other right or power with respect to the Credit-Linked Deposits, except as expressly set forth in Section 2.052.02(f), 2.08 2.09(b) or 2.102.09(d). Notwithstanding any provision in this Agreement to the contrary, the sole funding obligation of each Synthetic Funded L/C Lender in respect of its participation in Synthetic Funded Letters of Credit shall be satisfied in full upon the funding of its Credit-Linked Deposit on or prior to the Closing Restatement Date.

Appears in 1 contract

Samples: Credit Agreement (NRG Energy, Inc.)

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