Common use of Prepayment Obligations Clause in Contracts

Prepayment Obligations. The Borrower agrees that if the ---------------------- Obligations become immediately due and payable in full at a time when one or more Letters of Credit are outstanding, the Borrower shall thereupon automatically be obligated to pay the Administrative Bank, in addition to all other amounts owing under this Agreement, the aggregate face amount of all Letters of Credit then outstanding. The foregoing obligation to pay in advance for amounts which U. S. Bank may later have to pay pursuant to the Letters of Credit is and shall at all times constitute a part of the "Obligations". Amounts paid by the Borrower pursuant to this Section 10.3 shall be made directly to an interest-bearing collateral ------------ account maintained at U. S. Bank for application to the Borrower's reimbursement obligations under Section 2.7(d) as payments are made on the Letters of Credit, -------------- with the balance, if any, to be applied to the other Obligations.

Prepayment Obligations. The Borrower agrees that if the ---------------------- Obligations become immediately due and payable in full at a time when one or more Letters of Credit are outstandingoutstanding or if the Letter of Credit Commitment or the Revolving Credit Commitment is terminated at such time, the Borrower shall thereupon automatically be obligated to pay the Administrative Bank, in addition to all other amounts owing under this Agreement, the aggregate face amount of all Letters of Credit then outstanding. The foregoing obligation to pay in advance for amounts which U. S. the Bank may later have to pay pursuant to the Letters of Credit is and shall at all times constitute a part of the "“Obligations"”. Amounts paid by the Borrower pursuant to this Section 10.3 shall be made directly to an interest-interest bearing collateral ------------ account maintained at U. S. the Bank for application to the Borrower's ’s reimbursement obligations under Section 2.7(d2.6(d) as payments are made on the Letters of Credit, -------------- with the balance, if any, to be applied to the other Obligations.