Immediately upon the termination of this Agreement. Borrower agrees to either (i) provide cash collateral to be held by Foothill in an amount equal to 105% of the maximum amount of Foothill's obligations under Letters of Credit, or (ii) cause to be delivered to Foothill releases of all of Foothill's obligations under outstanding Letters of Credit. At Foothill's discretion, any proceeds of Collateral or Required Foreign Collateral received by Foothill after the occurrence and during the continuation of an Event of Default may be held as the cash collateral required by this Section 2.2(e). --------------
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Samples: Loan and Security Agreement (Computervision Corp /De/)
Immediately upon the termination of this Agreement. Borrower agrees to either (i) provide cash collateral to be held by Foothill in an amount equal to 105102% of the maximum amount of Foothill's obligations under Letters of Credit, or (ii) cause to be delivered to Foothill releases of all of Foothill's obligations under outstanding Letters of Credit. At Foothill's discretion, any proceeds of Collateral or Required Foreign Collateral received by Foothill after the occurrence and during the continuation of an Event of Default may be held as the cash collateral required by this Section 2.2(e). --------------.
Appears in 1 contract
Samples: Loan and Security Agreement (Computron Software Inc)
Immediately upon the termination of this Agreement. Borrower agrees to either (i) provide cash collateral to be held by Foothill in an amount equal to 105102% of the maximum amount of Foothill's obligations under outstanding Letters of Credit, or (ii) cause to be delivered to Foothill releases of all of Foothill's obligations under outstanding Letters of Credit. At Foothill's discretion, any proceeds of Collateral or Required Foreign Collateral received by Foothill after the occurrence and during the continuation of an Event of Default may be held as the cash collateral required by this Section 2.2(e). --------------.
Appears in 1 contract
Immediately upon the termination of this Agreement. Borrower agrees to either (i) provide cash collateral to be held by Foothill in an amount equal to 105102% of the maximum amount of Foothill's obligations under Letters of Credit, or (ii) cause to be delivered to Foothill releases of all of Foothill's obligations under outstanding Letters of Credit. At Foothill's discretion, any proceeds of Collateral or Required Foreign Collateral of Borrower received by Foothill after the occurrence and during the continuation of an Event of Default may be held as the cash collateral required by this Section 2.2(e). --------------.
Appears in 1 contract
Immediately upon the termination of this Agreement. Borrower agrees to either (i) provide cash collateral to be held by Foothill in an amount equal to 105% of the maximum amount of Foothill's obligations under Letters of Credit, or (ii) cause to be delivered to Foothill releases of all of Foothill's obligations under outstanding Letters of Credit. At Foothill's discretion, any proceeds of Collateral or Required Foreign Collateral received by Foothill after the occurrence and during the continuation of an Event of Default may be held as the cash collateral required by this Section 2.2(e). --------------.
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