Obligation to Cash Collateralize. At any time that there shall exist a Defaulting Lender, within five (5) Business Days following the written request of the Administrative Agent or Issuing Bank (with a copy to the Administrative Agent), the Borrowers shall Cash Collateralize the Issuing Bank’s Fronting Exposure with respect to such Defaulting Lender (determined after giving effect to Section 4.2.2) and any Cash Collateral provided by such Defaulting Lender) in an amount not less than the Minimum Collateral Amount.
Appears in 2 contracts
Samples: Loan Agreement (Hannon Armstrong Sustainable Infrastructure Capital, Inc.), Loan Agreement (Hannon Armstrong Sustainable Infrastructure Capital, Inc.)
Obligation to Cash Collateralize. At any time that there shall exist a Defaulting Lender, within five one (51) Business Days Day following the written request of the Administrative Agent or any Issuing Bank (with a copy to the Administrative Agent), the Borrowers Borrower shall Cash Collateralize the Issuing Bank’s Banks’ Fronting Exposure with respect to such Defaulting Lender (determined after giving effect to Section 4.2.22.22(a)(iv) and any Cash Collateral provided by such Defaulting Lender) in an amount not less than the Minimum Collateral Amount).
Appears in 2 contracts
Samples: Credit Agreement (SWK Holdings Corp), Credit Agreement (SWK Holdings Corp)
Obligation to Cash Collateralize. At any time that there shall exist a Defaulting Lender, within five (5) 1 Business Days Day following the written request of the Administrative Agent or any Issuing Bank (with a copy to the Administrative Agent), the Borrowers Borrower shall Cash Collateralize the Issuing Bank’s Banks’ Fronting Exposure with respect to such Defaulting Lender (determined after giving effect to Section 4.2.22.25(a)(iv) and any Cash Collateral provided by such Defaulting Lender) in an amount not less than the Minimum Collateral Amount.
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