Common use of Deposit Obligations of Borrowers Clause in Contracts

Deposit Obligations of Borrowers. In the event any Letters of Credit are outstanding at the time that Borrowers are required to repay the Obligations in full or the Revolving Commitment is terminated, the Borrowers shall (i) deposit with LC Issuer ("Cash Collateral") in an amount equal to 105% of the aggregate outstanding Letter of Credit Liabilities to be available to LC Issuer to reimburse payments of drafts drawn under such Letters of Credit and pay any fees and expenses related thereto and such Cash Collateral shall serve as collateral for the Obligations and (ii) prepay the fee payable under Section 2.12 with respect to such Letters of Credit for the full remaining terms of such Letters of Credit. Upon termination of any such Letter of Credit and provided no Default then exists, the unearned portion of such prepaid fee attributable to such Letter of Credit shall be refunded to Borrowers, together with the deposit described in the preceding clause (i) attributable to such Letter of Credit, but only to the extent not previously applied by LC Issuer in the manner described herein.

Deposit Obligations of Borrowers. In the event any Letters of Credit are outstanding at the time that Borrowers prepay or are required to repay the Obligations in full or the Revolving Loan Commitment is terminated, the Borrowers shall (i1) deposit with LC Issuer ("Cash Collateral") Agent for the benefit of all Lenders with a portion of the Revolving Loan Commitment cash in an amount equal to one hundred and five percent (105% %) of the aggregate outstanding Letter of Credit Liabilities Liability to be available to LC Issuer Agent to reimburse payments of drafts drawn under such Letters of Credit and pay any fees and expenses related thereto and such Cash Collateral shall serve as collateral for the Obligations and (ii2) prepay the fee payable under Section 2.12 2.4(b) with respect to such Letters of Credit for the full remaining terms of such Letters of Credit. Upon termination of any such Letter of Credit and provided no Default then existsCredit, the unearned portion of such prepaid fee attributable to such Letter of Credit shall be refunded to Borrowers, together with the deposit described in the preceding clause (i1) attributable to such Letter of Credit, but only to the extent not previously applied by LC Issuer Agent in the manner described herein.

Deposit Obligations of Borrowers. In the event any Letters of Credit are outstanding at the time that Borrowers prepay or are required to repay the Obligations in full or the Revolving Loan Commitment is terminated, the Borrowers shall (i1) deposit with LC Issuer ("Cash Collateral") Agent for the benefit of all Lenders with a portion of the Revolving Loan Commitment cash in an amount equal to one hundred and five percent (105% %) of the aggregate outstanding Letter of Credit Liabilities Liability to be available to LC Issuer Agent to reimburse payments of drafts drawn under such Letters of Credit and pay any fees and expenses related thereto and such Cash Collateral shall serve as collateral for the Obligations and (ii2) prepay the fee payable under Section 2.12 2.5(b) with respect to such Letters of Credit for the full remaining terms of such Letters of Credit. Upon termination of any such Letter of Credit and provided no Default then existsCredit, the unearned portion of such prepaid fee attributable to such Letter of Credit shall be refunded to Borrowers, together with the deposit described in the preceding clause (i1) attributable to such Letter of Credit, but only to the extent not previously applied by LC Issuer Agent in the manner described herein.

Deposit Obligations of Borrowers. In the event any Letters of Credit are outstanding at the time that Borrowers prepay or are required to repay the Obligations in full or the Revolving Loan Commitment is terminated, the Borrowers shall (i1) deposit with LC Issuer ("Cash Collateral") Agent for the benefit of all Lenders with a portion of the Revolving Loan Commitment cash in an amount equal to one hundred and five percent (105% %) of the aggregate outstanding Letter of Credit Liabilities Liability to be available to LC Issuer Agent to reimburse payments of drafts drawn under such Letters of Credit and pay any fees and expenses related thereto and such Cash Collateral shall serve as collateral for the Obligations and (ii2) prepay the fee payable under Section 2.12 2.5(b) with respect to such Letters of Credit for the full remaining current terms (exclusive of optional renewal terms) of such Letters of Credit. Upon termination of any such Letter of Credit and provided no Default then existsCredit, the unearned portion of such prepaid fee attributable to such Letter of Credit shall be refunded to Borrowers, together with the deposit described in the preceding clause (i1) attributable to such Letter of Credit, but only to the extent not previously applied by LC Issuer Agent in the manner described herein.

Deposit Obligations of Borrowers. In the event any Letters of Credit are outstanding at the time that Borrowers prepay, or are required to repay repay, the Obligations in full or the Revolving Commitment is terminated, the Borrowers shall (i) deposit with LC Issuer ("Cash Collateral") Collateralize all Letter of Credit Liabilities, in an amount equal to 105% one hundred and two percent (102%) of the aggregate outstanding Letter of Credit Liabilities Liabilities, to be available to LC Issuer to reimburse payments of drafts drawn under such Letters of Credit and pay any fees and expenses related thereto and such Cash Collateral shall serve as collateral for the Obligations thereto, and (ii) prepay the fee payable under Section 2.12 1.4(b) with respect to such Letters of Credit for the full remaining terms of such Letters of Credit. Upon termination of any such Letter of Credit and provided no Default then existsCredit, the unearned portion of such prepaid fee attributable to such Letter of Credit shall be refunded to Borrowers, together with the deposit described in the preceding clause (i) attributable to such Letter of Credit, but only to the extent not previously applied by LC Issuer in the manner described herein.

Deposit Obligations of Borrowers. In the event any Letters of Credit are outstanding at the time that Borrowers are required to repay the Obligations in full Liabilities or the Revolving Loan Commitment is terminatedterminated in accordance with the terms hereof, the Borrowers shall (ia) deposit with LC Issuer ("Cash Collateral") Agent for the benefit of all Revolving Lenders cash in an amount equal to one hundred and five percent (105% %) of the aggregate outstanding Letter of Credit Liabilities Obligations to be available to LC Issuer Agent to reimburse payments of drafts drawn under such Letters of Credit and pay any fees and expenses related thereto and such Cash Collateral shall serve as collateral for the Obligations and (iib) prepay the fee payable under Section 2.12 3.01 with respect to such Letters of Credit for the full remaining terms of such Letters of Credit. Upon termination of any such Letter of Credit and provided Credit, so long as no Event of Default is then existsexisting, the unearned portion of such prepaid fee attributable to such Letter of Credit shall be refunded to Borrowers, together with the deposit described in the preceding clause (ia) attributable to such Letter of Credit, but only to the extent not previously applied by LC Issuer Agent in the manner described herein.