Release of Amounts. So long as no Event of Default under the Credit Agreement shall have occurred and be continuing, the Administrative Agent will pay and release to the Borrower or at its order or, at the request of the Borrower, to the Administrative Agent to be applied to the Obligations of the Borrower under the Loan Documents such amount, if any, as is then on deposit in the L/C Cash Collateral Account.
Appears in 7 contracts
Samples: Revolving Credit Agreement (Sunstone Hotel Investors, Inc.), Revolving Credit Agreement (Digital Realty Trust, Inc.), Revolving Credit Agreement (Digital Realty Trust, Inc.)
Release of Amounts. So long as no Event of Default under the Credit Agreement shall have occurred and be continuingcontinuing or would result therefrom, the Administrative Agent will pay and release to the Borrower or at its order or, at the request of the Borrower, to the Administrative Agent to be applied to the Obligations of the Borrower under the Loan Documents such amount, if any, as is then on deposit in the L/C Cash Collateral Account.
Appears in 5 contracts
Samples: Credit Agreement (Summit Hotel OP, LP), Credit Agreement (Summit Hotel Properties, Inc.), Credit Agreement (Summit Hotel Properties, Inc.)
Release of Amounts. So long as no Event of Default under the Credit Agreement shall have occurred and be continuing, the Administrative Agent will pay and release to the any Borrower or at its order or, at the request of the any Borrower, to the Administrative Agent to be applied to the Obligations of the such Borrower under the Loan Documents such amount, if any, as is then on deposit in the L/C Cash Collateral Account.
Appears in 4 contracts
Samples: Global Senior Credit Agreement (Digital Realty Trust, L.P.), Global Senior Credit Agreement (Digital Realty Trust, L.P.), Global Senior Credit Agreement (Digital Realty Trust, L.P.)
Release of Amounts. So long as no Event of Default under the Credit Agreement shall have occurred and be continuingcontinuing or would result therefrom, the Administrative Agent will pay and release to the Borrower or at its order or, at the request of the Borrower, to the Administrative Agent to be applied to the Obligations of the Borrower under the Loan Documents such amount, if any, as is then on deposit in the L/C Cash Collateral Account.
Appears in 4 contracts
Samples: Credit Agreement (Hersha Hospitality Trust), Credit Agreement (Hersha Hospitality Trust), Credit Agreement (Hersha Hospitality Trust)
Release of Amounts. So long as no Event of Specified Default under the Credit Agreement shall have occurred and be continuing, the Administrative Agent will pay and release release, or direct the applicable Pledged Account Bank to pay and release, to the Borrower or at its order or, at the request of the Borrower, to the Administrative Agent to be applied to the Obligations of the Borrower under the Loan Documents Documents, such amount, if any, as is then on deposit in the Collateral Account and the L/C Cash Collateral Account.
Appears in 2 contracts
Samples: Credit Agreement (Alliant Techsystems Inc), Credit Agreement (Alliant Techsystems Inc)
Release of Amounts. So long as no Event of Default under the Credit Agreement shall have occurred and be continuing, the Administrative Agent will pay and release to the Borrower or at its order or, and at the request of the Borrower, to the Administrative Agent to be applied to the Obligations of the Borrower under the Loan Documents such amount, if any, as is then on deposit in by which the L/C credit balance of the Cash Collateral AccountAccount exceeds the aggregate unpaid principal amount of the Revolving Credit Advances.
Appears in 1 contract
Release of Amounts. So long as no Event of Default under the Credit Agreement shall have occurred and be continuing, the Administrative Agent will pay and release to the Borrower or at its order or, at the request of the Borrower, to the Administrative Agent to be applied to the Obligations of the Borrower under the Loan Documents such amount, if any, as is then on deposit in the L/C Cash Collateral Account.
Appears in 1 contract
Release of Amounts. So long as no Event of Specified Default under the Credit Agreement shall have occurred and be continuing, the Administrative Agent will pay and release release, or direct the applicable Pledged Account Bank to pay and release, to the Borrower or at its order or, at the request of the Borrower, to the Administrative Agent to be applied to the Obligations of the Borrower under the Loan Documents Documents, such amount, if any, as is then on deposit in the Collateral Account and the L/C Cash Collateral Account, to the extent permitted to be released under the terms of the Credit Agreement.
Appears in 1 contract
Release of Amounts. So long as no Event of Default under the Credit Agreement shall have occurred and be continuing, the Administrative Agent will pay and release to the Borrower or at its order or, at the request of the Borrower, to the Administrative Agent to be applied to the Obligations of the Borrower under the Loan Documents such amount, if any, as is then on deposit in the L/C Cash Collateral Account.
Appears in 1 contract
Release of Amounts. So long as no Event of Default under the Credit Agreement shall have occurred and be continuing, the Administrative Agent will pay and release to the Borrower or at its order or, at the request of the Borrower, to the Administrative Agent to be applied to the Obligations of the Borrower under the Loan Documents such amount, if any, as is then on deposit in the L/C Cash Collateral Account.
Appears in 1 contract
Samples: Credit Agreement (Boca Resorts Inc)
Release of Amounts. So long as no Event of Default under the Credit Agreement shall have occurred and be continuingcontinuing or would result therefrom, the Administrative Agent will pay and release to the Borrower or at its order or, at the request of the Borrower, to the Administrative Agent to be applied to the Obligations of the Borrower under the Loan Documents such amount, if any, as is then on deposit in the L/C Cash Collateral Account.. (e)
Appears in 1 contract
Release of Amounts. So long as no Event of Default under the Credit Agreement shall have occurred ------------------ and be continuing, the Administrative Agent will pay and release to the Borrower or at its order or, and at the request of the Borrower, to the Administrative Agent to be applied to the Obligations of the Borrower under the Loan Documents such amount, if any, as is then on deposit in by which the L/C credit balance of the Cash Collateral AccountAccount exceeds the aggregate unpaid principal amount of the Revolving Credit Advances.
Appears in 1 contract
