Common use of Right to Give Drawdown Notices Clause in Contracts

Right to Give Drawdown Notices. In furtherance of the foregoing, if any Lender becomes, and during the period it remains, a Defaulting Lender or a Potential Defaulting Lender, the Issuing Bank is hereby authorized by the Borrower (which authorization is irrevocable and coupled with an interest) to give, in its discretion, through the Administrative Agent, Notices of Borrowing pursuant to Section 2.03 in such amounts and at such times as may be required to (i) reimburse an outstanding disbursement made with respect to a Letter of Credit, or (ii) deposit into the Cash Collateral Account an amount equal to at least the aggregate amount of the obligations (contingent or otherwise) of such Defaulting Lender or Potential Defaulting Lender in respect of each outstanding Letter of Credit.

Right to Give Drawdown Notices. In furtherance of the foregoing, if any Lender becomes, and during the period it remains, a Defaulting Lender or a Potential Defaulting Lender, each of the Issuing Bank is hereby authorized by the Borrower (which authorization is irrevocable and coupled with an interest) to give, in its discretion, through the Administrative Agent, Notices of Borrowing pursuant to Section 2.03 in such amounts and at in such times as may be required to (iA) reimburse an outstanding disbursement made with LC Disbursement, and/or (B) Cash Collateralize the obligations of the Borrower in respect to a Letter of Credit, or (ii) deposit into the Cash Collateral Account outstanding Letters of Credit in an amount at least equal to at least the aggregate amount of the obligations (contingent or otherwise) of such Defaulting Lender or Potential Defaulting Lender in respect of each outstanding such Letter of Credit.

Right to Give Drawdown Notices. In furtherance of the foregoing, if any Lender Bank becomes, and during the period it remains, a Defaulting Lender or a Potential Defaulting Lender, the each Issuing Bank is hereby authorized by the Borrower (which authorization is irrevocable and coupled with an interest) to give, in its discretion, through the Administrative Agent, Notices of Revolving Credit Borrowing pursuant to Section 2.03 2.02 in such amounts and at in such times as may be required to (i) reimburse an unreimbursed drawing under any outstanding disbursement made with respect to a Letter of Credit, or Credit and/or (ii) deposit into Cash Collateralize the Cash Collateral Account obligations of the Borrower in respect of outstanding Letters of Credit in an amount at least equal to at least the aggregate amount of the obligations (contingent or otherwise) of such Defaulting Lender or Potential Defaulting Lender in respect of each outstanding such Letter of Credit.

Right to Give Drawdown Notices. In furtherance of the foregoing, if any Lender Bank becomes, and during the period it remains, a Defaulting Lender or a Potential Defaulting Lender, the each Issuing Bank is hereby authorized by the Borrower (which authorization is irrevocable and coupled with an interest) to give, in its discretion, through the Administrative Agent, Notices of Revolving Credit Borrowing pursuant to Section 2.03 2.02 in such amounts and at in such times as may be required to (i) reimburse an unreimbursed drawing under any outstanding disbursement made with respect to a Letter of Credit, or Credit and/or (ii) deposit into Cash Collateralize the Cash Collateral Account obligations of the Borrower in respect of outstanding Letters of Credit in an amount at least equal to at least the aggregate amount of the obligations (contingent or otherwise) of such Defaulting Lender or Potential Defaulting Lender in respect of each outstanding such Letter of Credit.