Fronting Exposure. At any time there is a Defaulting Lender, with respect to the Issuing Lender, such Defaulting Lender’s Commitment Percentage of the outstanding Letter of Credit Liabilities other than Letter of Credit Liabilities as to which such Defaulting Lender’s participation obligation has been reallocated to other Lenders or cash collateral or other credit support acceptable to the Issuing Lender shall have been provided in accordance with the terms hereof.
Appears in 4 contracts
Samples: Credit Agreement (Gladstone Commercial Corp), Credit Agreement (Gladstone Commercial Corp), Credit Agreement (Bluerock Residential Growth REIT, Inc.)
Fronting Exposure. At any time there is a Defaulting Lender, with respect to the Issuing Lender, such Defaulting Lender’s Revolving Credit Commitment Percentage of the outstanding Letter of Credit Liabilities other than Letter of Credit Liabilities as to which such Defaulting Lender’s participation obligation has been reallocated to other Revolving Credit Lenders or cash collateral or other credit support acceptable to the Issuing Lender shall have been provided in accordance with the terms hereof.
Appears in 3 contracts
Samples: Credit Agreement (Gladstone Commercial Corp), Credit Agreement (Monogram Residential Trust, Inc.), Credit Agreement (Gladstone Commercial Corp)
Fronting Exposure. At any time there is a Defaulting Lender, with respect to the Issuing Lender, such Defaulting Lender’s Commitment Percentage of the outstanding Letter of Credit Liabilities other than Letter of Credit Liabilities as to which such Defaulting Lender’s participation obligation has been reallocated to other Lenders or cash collateral or other credit support acceptable to the Issuing Lender shall have been provided collateralized in accordance with the terms hereof.
Appears in 2 contracts
Samples: Credit Agreement (Plymouth Industrial REIT Inc.), Credit Agreement (City Office REIT, Inc.)
Fronting Exposure. At any time there is a Defaulting Lender, with respect to the Issuing Lender, such Defaulting Lender’s Commitment Percentage of the outstanding Letter of Credit Liabilities other than Letter of Credit Liabilities as to which such Defaulting Lender’s participation obligation has been reallocated to other Lenders or cash collateral or other credit support acceptable to the Issuing Lender shall have been provided collateralized in accordance with the terms hereof.
Appears in 1 contract
Fronting Exposure. At any time there is a Defaulting Lender, with respect to the Issuing LenderL/C Issuers, such Defaulting Lender’s Commitment Percentage of the outstanding Letter of Credit Liabilities Obligations other than Letter of Credit Liabilities Obligations as to which such Defaulting Lender’s participation obligation has been reallocated to other Lenders or cash collateral or other credit support acceptable to the Issuing Lender shall have been provided Cash Collateralized in accordance with the terms hereof.
Appears in 1 contract
Samples: Credit Agreement (Liberty Property Limited Partnership)
Fronting Exposure. At any time there is a Defaulting Lender, with respect to the Issuing LenderL/C Issuer, such Defaulting Lender’s Commitment Percentage of the outstanding Letter of Credit Liabilities Obligations other than Letter of Credit Liabilities Obligations as to which such Defaulting Lender’s participation obligation has been reallocated to other Lenders or cash collateral or other credit support acceptable to the Issuing Lender shall have been provided Cash Collateralized in accordance with the terms hereof.
Appears in 1 contract
Samples: Credit Agreement (Monmouth Real Estate Investment Corp)
Fronting Exposure. At any time there is a Defaulting Lender, with respect to the Issuing Lender, such Defaulting Lender’s Revolving Credit Commitment Percentage of the outstanding Letter of Credit Liabilities other than Letter of Credit Liabilities as to which such Defaulting Lender’s participation obligation has been reallocated to other Lenders or cash collateral or other credit support acceptable to the Issuing Lender shall have been provided in accordance with the terms hereof.
Appears in 1 contract
Fronting Exposure. At any time there is a Defaulting Lender, with respect to the Issuing LenderLetters of Credit, such Defaulting Lender’s Commitment Percentage of the outstanding Letter of Credit Liabilities obligations other than Letter of Credit Liabilities obligations as to which such Defaulting Lender’s participation obligation has been reallocated to other Lenders or cash collateral or other credit support acceptable to the Issuing Lender shall have been provided Cash Collateralized in accordance with the terms hereof. Fronting Fee. See § 5.6.
Appears in 1 contract
Samples: Revolving Credit Agreement (McCormick & Schmicks Seafood Restaurants Inc.)
