Payment Upon Maturity. If not paid earlier, the outstanding principal --------------------- balance of all Advances and Reimbursement Obligations shall be due and payable to the Lender on the Termination Date. If on the Termination Date any Credit Accommodations remain outstanding, in addition to paying in full all other Obligations, Borrower shall provide to Lender cash collateral in an amount equal to 110% of the amount of all Credit Accommodations outstanding to secure all Reimbursement Obligations, and Borrower shall execute and deliver to Lender a pledge agreement with respect thereto in a form satisfactory to Lender.
Appears in 1 contract
Sources: Intercompany Credit Agreement (Modem Media Poppe Tyson Inc)
Payment Upon Maturity. If not paid earlier, the outstanding principal --------------------- balance of all Advances and Reimbursement Obligations shall be due and payable to the Lender on the Termination Date. If on the Termination Date any Credit Accommodations remain outstanding, in addition to paying in full all other Obligations, Borrower shall provide to Lender cash collateral in an amount equal to 110% of the amount of all Credit Accommodations outstanding to secure all Reimbursement Obligations, and Borrower shall execute and deliver to Lender a pledge agreement with respect thereto in a form satisfactory to Lender.
Appears in 1 contract
Sources: Intercompany Credit Agreement (Tn Technologies Holding Inc)