Common use of Excess Letters of Credit Outstanding Clause in Contracts

Excess Letters of Credit Outstanding. If any excess calculated pursuant to Section 2.1(e) hereof is attributable to undrawn Letters of Credit, the applicable Borrower shall pay such excess to the Administrative Agent, for the account of the Letter of Credit Issuer, when required pursuant to the terms of Section 2.1(e) hereof for deposit into the Cash Collateral Account, as security for such portion of the Obligations of such Borrower. Unless otherwise required by law, upon the earlier to occur of: (i) a change in circumstances such that the Dollar Equivalent of the aggregate Principal Obligations of the Borrowers no longer exceeds the Available Commitment (so long as no Event of Default or Potential Default has occurred and is continuing); or (ii) the full and final payment of the Obligations and the expiration or termination of all Letters of Credit, the Administrative Agent shall return to the applicable Borrower(s) any amounts remaining in the Cash Collateral Account.

Excess Letters of Credit Outstanding. If any excess calculated pursuant to Section 2.1(e3.04(i) hereof is attributable to undrawn Letters of Credit, the applicable Borrower Parties shall pay promptly Cash Collateralize such excess to with the Administrative Agent, for the account of the Letter of Credit Issuer, when required Agent pursuant to the terms of Section 2.1(e) hereof for deposit into the Cash Collateral Account2.07(h), as security for such portion of the Obligations Obligations; provided that the Borrower Parties shall not be required to Cash Collateralize any Letters of Credit unless the amount of any such Borrowerexcess is not fully reduced by prepaying Loans in accordance with Section 3.04(b)(i). Unless otherwise required by lawapplicable Law, upon the earlier to occur ofupon: (i) a change in circumstances such that the Dollar Equivalent of the aggregate Principal Obligations of the Borrowers no longer exceeds exceed the Available Commitment (so long as when no Event of Default or Potential Default has occurred and is continuing); or (ii) the full and final payment of the Obligations and the expiration or termination of all Letters of Credit, the Administrative Agent shall return to the applicable Borrower(s) Borrower Parties any amounts remaining in the Cash Collateral AccountAccounts.

Excess Letters of Credit Outstanding. If any excess calculated pursuant to Section 2.1(e2.1(e)(i) hereof is attributable to undrawn Letters of Credit, the each applicable Borrower shall pay with respect to each such excess to the Administrative Agent, for the account of the undrawn Letter of Credit Issuershall Cash Collateralize its ratable share of such excess, when required pursuant to the terms of Section 2.1(e2.1(e)(i) hereof for deposit into the Cash Collateral Accounthereof, as security for such portion of the Obligations of such Borrower. Unless otherwise required by law, upon the earlier to occur of: (i) a change in circumstances such that the Dollar Equivalent of the aggregate Principal Obligations of the Borrowers no longer exceeds the Available Commitment (so long as no Event of USActive 58236919.3 -41- Default or Material Potential Default has occurred and is continuing); or (ii) the full and final payment of the Obligations and the expiration or termination of all Letters of Credit, the Administrative Agent shall return to the applicable Borrower(s) any amounts remaining in the Cash Collateral Accountapplicable cash collateral account.

Excess Letters of Credit Outstanding. If any excess calculated pursuant to Section 2.1(e2.9(c)(i) hereof is attributable to undrawn Letters of Credit, the applicable then Borrower shall pay such excess to the Administrative Agent, for the account of Cash Collateralize the Letter of Credit IssuerLiability in the amount of such excess, when required pursuant to the terms of Section 2.1(e) hereof for deposit into Sections 2.9(c)(i); provided that Borrower shall not be required to Cash Collateralize such excess to the Cash Collateral Account, as security for such portion of extent it makes payments that result in the Obligations of such BorrowerPrincipal Obligation no longer exceeding the Available Loan Amount. Unless otherwise required by law, upon the earlier to occur ofupon: (iA) a change in circumstances such that the Dollar Equivalent of the aggregate Principal Obligations of the Borrowers such excess no longer exceeds the Available Commitment (so long as no Event of Default or Potential Default has occurred and is continuing)remains outstanding; or (iiB) upon the full and final payment of the Obligations and the expiration or termination of all Letters of CreditObligations, the Administrative Agent shall return to the applicable Borrower(s) Borrower any amounts remaining in the Cash Collateral Accountsaid cash collateral account.

Excess Letters of Credit Outstanding. If any excess calculated pursuant to Section 2.1(e2.1(e)(i) hereof is attributable to undrawn Letters of Credit, the each applicable Borrower shall pay with respect to each such excess to the Administrative Agent, for the account of the undrawn Letter of Credit Issuershall Cash Collateralize its ratable share of such excess, when required pursuant to the terms of Section 2.1(e2.1(e)(i) hereof for deposit into the Cash Collateral Accounthereof, as security for such portion of the Obligations of such Borrower. Unless otherwise required by law, upon the earlier to occur of: (i) a change in circumstances such that the Dollar Equivalent of the aggregate Principal Obligations of the Borrowers no longer exceeds the Available Commitment (so long as no Event of Default or Material Potential Default has occurred and is continuing); or (ii) the full and final payment of the Obligations and the expiration or termination of all Letters of Credit, the Administrative Agent shall return to the applicable Borrower(s) any amounts remaining in the Cash Collateral Accountapplicable cash collateral account.