Common use of Termination of Requirement Clause in Contracts

Termination of Requirement. Cash Collateral (or the appropriate portion thereof) provided to reduce any LC Issuing Bank’s Fronting Exposure shall no longer be required to be held as Cash Collateral pursuant to this Section 2.22 following (A) the elimination of the applicable Fronting Exposure (including by the termination of Defaulting Lender status of the applicable Lender), or (B) the determination by the Administrative Agent and each LC Issuing Bank that there exists excess Cash Collateral; provided that, subject to Section 2.21, the Person providing Cash Collateral and each LC Issuing Bank may agree that Cash Collateral shall be held to support future anticipated Fronting Exposure or other obligations.

Appears in 35 contracts

Samples: Credit Agreement (Berkshire Hathaway Energy Co), Credit Agreement, Credit Agreement (Pacificorp /Or/)

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Termination of Requirement. Cash Collateral (or the appropriate portion thereof) provided to reduce any the LC Issuing BankIssuer’s Fronting Exposure shall no longer be required to be held as Cash Collateral pursuant to this Section 2.22 2.22(d) following (Ai) the elimination of the applicable Fronting Exposure (including by the termination of Defaulting Lender status of the applicable Lender), or (Bii) the determination by the Administrative Agent and each the LC Issuing Bank Issuer that there exists excess Cash Collateral; provided that, subject to this Section 2.21, 2.22 the Person providing Cash Collateral and each the LC Issuing Bank Issuer may agree that Cash Collateral shall be held to support future anticipated Fronting Exposure or other obligations.

Appears in 16 contracts

Samples: Credit Agreement (Polaris Industries Inc/Mn), Credit Agreement (Plexus Corp), Credit Agreement (Polaris Inc.)

Termination of Requirement. Cash Collateral (or the appropriate portion thereof) provided to reduce any LC Issuing Bank’s Fronting Exposure shall no longer be required to be held as Cash Collateral pursuant to this Section 2.22 2.19 following (Ai) the elimination of the applicable Fronting Exposure (including by the termination of Defaulting Lender status of the applicable Lender), or (Bii) the determination existence of excess Cash Collateral, as reasonably determined by the Administrative Agent and each LC Issuing Bank that there exists excess Cash CollateralBank; provided that, subject to Section 2.21, 2.20 the Person providing Cash Collateral and each LC Issuing Bank may agree that Cash Collateral shall be held to support future anticipated Fronting Exposure or other obligations.

Appears in 11 contracts

Samples: Credit Agreement (Dollar General Corp), Credit Agreement (Dollar Tree Inc), Credit Agreement (Hexcel Corp /De/)

Termination of Requirement. Cash Collateral (or the appropriate portion thereof) provided to reduce any an LC Issuing BankIssuer’s Fronting Exposure shall no longer be required to be held as Cash Collateral pursuant to this Section 2.22 2.22(d) following (Ai) the elimination of the applicable Fronting Exposure (including by the termination of Defaulting Lender status of the applicable Lender), or (Bii) the determination by the Administrative Agent and each the applicable LC Issuing Bank Issuers that there exists excess Cash Collateral; provided that, subject to this Section 2.21, 2.22 the Person providing Cash Collateral and each the applicable LC Issuing Bank Issuer may agree that Cash Collateral shall be held to support future anticipated Fronting Exposure or other obligations.

Appears in 11 contracts

Samples: Credit Agreement (TRI Pointe Group, Inc.), Credit Agreement (New Home Co Inc.), Credit Agreement (Tri Pointe Homes, Inc.)

Termination of Requirement. Cash Collateral (or the appropriate portion thereof) provided to reduce any LC Issuing Bank’s Fronting Exposure shall no longer be required to be held as Cash Collateral pursuant to this Section 2.22 2.19 following (Ai) the elimination of the applicable Fronting Exposure (including by the termination of Defaulting Lender status of the applicable Lender), or (Bii) the determination by the Administrative Agent and each LC Issuing Bank that there exists excess Cash Collateral; provided that, subject to Section 2.212.20, the Person providing Cash Collateral and each LC Issuing Bank may agree that Cash Collateral shall be held to support future anticipated Fronting Exposure or other obligations.

Appears in 9 contracts

Samples: Credit Agreement (Science Applications International Corp), Credit Agreement (Science Applications International Corp), Credit Agreement (Science Applications International Corp)

Termination of Requirement. Cash Collateral (or the appropriate portion thereof) provided to reduce any an LC Issuing BankIssuer’s Fronting Exposure shall no longer be required to be held as Cash Collateral pursuant to this Section 2.22 2.22(d) following (Ai) the elimination of the applicable Fronting Exposure (including by the termination of Defaulting Lender status of the applicable Lender), or (Bii) the determination by the Administrative Designated Agent and each the applicable LC Issuing Bank Issuers that there exists excess Cash Collateral; provided that, subject to this Section 2.21, 2.22 the Person providing Cash Collateral and each the applicable LC Issuing Bank Issuer may agree that Cash Collateral shall be held to support future anticipated Fronting Exposure or other obligations.

Appears in 7 contracts

Samples: Credit Agreement (MDC Holdings Inc), Credit Agreement (MDC Holdings Inc), Credit Agreement (M.D.C. Holdings, Inc.)

Termination of Requirement. Cash Collateral (or the appropriate portion thereof) provided to reduce any LC Issuing Bank’s Fronting Exposure shall no longer be required to be held as Cash Collateral pursuant to this Section 2.22 8.17 following (Ai) the elimination of the applicable Fronting Exposure (including by the termination of Defaulting Lender status of the applicable Lender), or (Bii) the determination by the Administrative Agent and each LC Issuing Bank that there exists excess Cash Collateral; provided that, subject to Section 2.218.16, the Person providing Cash Collateral and each LC Issuing Bank may agree that Cash Collateral shall be held to support future anticipated Fronting Exposure or other obligations.

Appears in 6 contracts

Samples: Credit Agreement (AEP Texas Inc.), Credit Agreement (Southwestern Electric Power Co), Credit Agreement (Southwestern Electric Power Co)

Termination of Requirement. Cash Collateral (or the appropriate portion thereof) provided to reduce any LC Issuing Bank’s Fronting Exposure shall no longer be required to be held as Cash Collateral pursuant to this Section 2.22 2.19 following (Ai) the elimination of the applicable Fronting Exposure (including by the termination of Defaulting Lender status of the applicable Lender), or (Bii) the determination by the Administrative Agent and each LC Issuing Bank that there exists excess Cash Collateral; provided that, subject to Section 2.21, 2.20 the Person providing Cash Collateral and each LC Issuing Bank may agree that Cash Collateral shall be held to support future anticipated Fronting Exposure or other obligations.

Appears in 4 contracts

Samples: Credit Agreement (Science Applications International Corp), Credit Agreement (Ryland Group Inc), Credit Agreement (SAIC Gemini, Inc.)

Termination of Requirement. Cash Collateral (or the appropriate portion thereof) provided to reduce any LC Issuing Bank’s Fronting Exposure shall no longer be required to be held as Cash Collateral pursuant to this Section 2.22 2.20 following (Ax) the elimination of the applicable Fronting Exposure (including by the termination of Defaulting Lender status of the applicable Lender), ) or (By) the determination by the Administrative Agent and each such LC Issuing Bank that there exists excess Cash Collateral; provided that, that subject to the other provisions of this Section 2.212.20, the Person providing Cash Collateral and each such LC Issuing Bank may agree that Cash Collateral shall be held to support future anticipated Fronting Exposure or other obligations.

Appears in 4 contracts

Samples: Credit and Guaranty Agreement (Pattern Energy Group Inc.), Credit Agreement (Pattern Energy Group Inc.), Credit Agreement

Termination of Requirement. Cash Collateral (or the appropriate portion thereof) provided to reduce any LC Issuing Bank’s 's Fronting Exposure shall no longer be required to be held as Cash Collateral pursuant to this Section 2.22 2.21 following (Ai) the elimination of the applicable Fronting Exposure (including by the termination of Defaulting Lender status of the applicable Lender), or (Bii) the determination by the Administrative Agent and each LC Issuing Bank that there exists excess Cash Collateral; provided that, subject to Section 2.212.22, the Person providing Cash Collateral and each LC Issuing Bank may agree that Cash Collateral shall be held to support future anticipated Fronting Exposure or other obligations.

Appears in 3 contracts

Samples: Credit Agreement (Rayonier Inc), Credit Agreement (Rayonier Inc), Credit Agreement (Rayonier Inc)

Termination of Requirement. Cash Collateral (or the appropriate portion thereof) provided to reduce any LC Issuing Bank’s Fronting Exposure shall no longer be required to be held as Cash Collateral pursuant to this Section 2.22 2.25 following (Ai) the elimination of the applicable Fronting Exposure (including by the termination of Defaulting Lender status of the applicable Lender), or (Bii) the determination by the Administrative Agent and each LC Issuing Bank that there exists excess Cash Collateral; provided that, subject to Section 2.21, the Person providing Cash Collateral and each LC Issuing Bank may agree that Cash Collateral shall be held to support future anticipated Fronting Exposure or other obligations.

Appears in 3 contracts

Samples: Security Agreement (Houghton Mifflin Harcourt Co), Revolving Credit Agreement (HMH Holdings (Delaware), Inc.), Revolving Credit Agreement (Houghton Mifflin Harcourt Co)

Termination of Requirement. Cash Collateral (or the appropriate portion thereof) provided to reduce any LC the Issuing Bank’s Fronting Exposure shall no longer be required to be held as Cash Collateral pursuant to this Section 2.22 2.21 following (Ai) the elimination of the applicable Fronting Exposure (including by the termination of Defaulting Lender status of the applicable Lender), or (Bii) the determination by the Administrative Agent and each LC the Issuing Bank that there exists excess Cash Collateral; provided that, subject to Section 2.212.22, the Person providing Cash Collateral and each LC the Issuing Bank may agree that Cash Collateral shall be held to support future anticipated Fronting Exposure or other obligations.

Appears in 3 contracts

Samples: Credit Agreement (Rayonier Inc), Credit Agreement (Rayonier Inc), Guarantee Agreement (Rayonier, L.P.)

Termination of Requirement. Cash Collateral (or the appropriate portion thereof) provided to reduce any LC Issuing Bank’s Fronting Exposure shall no longer be required to be held as Cash Collateral pursuant to this Section 2.22 2.20 following (Ai) the elimination of the applicable Fronting Exposure (including by the termination of Defaulting Lender status of the applicable Lender), or (Bii) the determination by the Administrative Agent and each LC Issuing Bank that there exists excess Cash Collateral; provided that, subject to Section 2.21, 2.21 the Person providing Cash Collateral and each LC Issuing Bank may agree that Cash Collateral shall be held to support future anticipated Fronting Exposure or other obligations.

Appears in 3 contracts

Samples: Credit Agreement (Kirby Corp), Credit Agreement (Kirby Corp), Credit Agreement (Kirby Corp)

Termination of Requirement. Cash Collateral (or the appropriate portion thereof) provided to reduce any LC Issuing Bank’s Fronting Exposure or Swing Line Bank’s Fronting Exposure shall no longer be required to be held as Cash Collateral pursuant to this Section 2.22 promptly released following (Ai) the elimination of the applicable Fronting Exposure (including by the termination of Defaulting Lender status of the applicable LenderLender (or, as applicable, its assignee following compliance with Section 7.05(b)(vii))), or (Bii) the determination by the Administrative Agent and each LC Issuing Bank or Swing Line Bank, as applicable, that there exists excess Cash Collateral; provided that, subject to Section 2.21, 2.24 the Person providing Cash Collateral and each LC Issuing Bank or Swing Line Bank, as applicable, may agree that Cash Collateral shall be held to support future anticipated Fronting Exposure or other obligations.

Appears in 3 contracts

Samples: Credit Agreement (American Water Works Company, Inc.), Credit Agreement (American Water Works Company, Inc.), Credit Agreement (American Water Works Company, Inc.)

Termination of Requirement. Cash Collateral (or the appropriate portion thereof) provided to reduce any LC Issuing Bank’s Fronting Exposure shall no longer be required to be held as Cash Collateral pursuant to this Section 2.22 5.19 following (Ai) the elimination of the applicable Fronting Exposure (including by the termination of Defaulting Lender status of the applicable Lender), or (Bii) the determination by the Administrative Agent and each LC Issuing Bank that there exists excess Cash Collateral; provided that, subject to Section 2.215.20, the Person providing Cash Collateral and each LC Issuing Bank may agree that Cash Collateral shall be held to support future anticipated Fronting Exposure or other obligations.

Appears in 3 contracts

Samples: Revolving Credit Agreement (Group 1 Automotive Inc), Revolving Credit Agreement (Group 1 Automotive Inc), Revolving Credit Agreement (Group 1 Automotive Inc)

Termination of Requirement. Cash Collateral (or the appropriate portion thereof) provided to reduce any the LC Issuing BankIssuer’s Fronting Exposure shall no longer be required to be held as Cash Collateral pursuant to this Section 2.22 6.14.4 following (Ai) the elimination of the applicable Fronting Exposure (including by the termination of Defaulting Lender status of the applicable Lender), or (Bii) the determination by the Administrative Agent and each the LC Issuing Bank Issuer that there exists excess Cash Collateral; provided that, subject to this Section 2.21, 6.14 the Person providing Cash Collateral and each the LC Issuing Bank Issuer may agree that Cash Collateral shall be held to support future anticipated Fronting Exposure or other obligationsobligations and provided further, such Cash Collateral shall remain subject to the security interest granted pursuant to the Loan Documents.

Appears in 2 contracts

Samples: Loan Agreement (Lithia Motors Inc), Loan Agreement (Lithia Motors Inc)

Termination of Requirement. Cash Collateral (or the appropriate portion thereof) provided to reduce any LC Issuing Bank’s the Fronting Exposure of an Issuing Bank shall no longer be required to be held as Cash Collateral pursuant to this Section 2.22 2.18 following (Ai) the elimination of the applicable Fronting Exposure (including by the termination of Defaulting Lender status of the applicable Lender), or (Bii) the determination by the Administrative Agent and each LC the applicable Issuing Bank that there exists excess Cash Collateral; provided that, subject to Section 2.212.19, the Person providing Cash Collateral and each LC the applicable Issuing Bank may agree that Cash Collateral shall be held to support future anticipated Fronting Exposure or other obligations.

Appears in 2 contracts

Samples: Credit Agreement (Olin Corp), Credit Agreement (Olin Corp)

Termination of Requirement. Cash Collateral (or the appropriate portion thereof) provided to reduce any LC Issuing BankIssuer’s Fronting Exposure shall no longer be required to be held as Cash Collateral pursuant to this Section 2.22 2.9(g) following (Ax) the elimination of the applicable Fronting Exposure (including by the termination of Defaulting Lender status of the applicable Lender), or (By) the determination by the Administrative Agent and each LC Issuing Bank Issuer that there exists excess Cash Collateral; provided that, subject to Section 2.21, 2.17 the Person providing Cash Collateral and each LC Issuing Bank Issuer may agree that Cash Collateral shall be held to support future anticipated Fronting Exposure or other obligations.

Appears in 2 contracts

Samples: Credit Agreement (Warren Resources Inc), Credit Agreement (Warren Resources Inc)

Termination of Requirement. Cash Collateral (or the appropriate portion thereof) provided to reduce any LC Issuing Bank’s Fronting Exposure shall no longer be required to be held as Cash Collateral pursuant to this Section 2.22 following (A) the elimination of the applicable Fronting Exposure (including by the termination of Defaulting Lender status of the applicable Lender), or (B) the determination by the Administrative Agent and each LC Issuing Bank that there exists excess Cash Collateral; provided that, subject to Section 2.21, the Person providing Cash Collateral and each LC Issuing Bank may agree that Cash Collateral shall be held to support future anticipated Fronting Exposure or other obligations.. ARTICLE III

Appears in 2 contracts

Samples: Credit Agreement (Midamerican Energy Co), Credit Agreement (Midamerican Energy Co)

Termination of Requirement. Cash Collateral (or the appropriate portion thereof) provided to reduce any LC Issuing Bank’s Fronting Exposure shall no longer be required to be held as Cash Collateral pursuant to this Section 2.22 2.23 following (Ai) the elimination of the applicable Fronting Exposure (including by the termination of Defaulting Lender status of the applicable Lender), or (Bii) the determination by the Administrative Agent and each LC Issuing Bank that there exists excess Cash Collateral; provided that, subject to Section 2.212.24, the Person providing Cash Collateral and each LC Issuing Bank may agree that Cash Collateral shall be held to support future anticipated Fronting Exposure or other obligations.

Appears in 2 contracts

Samples: Credit Agreement (Compass Minerals International Inc), Credit Agreement (Compass Minerals International Inc)

Termination of Requirement. Cash Collateral (or the appropriate portion thereof) provided to reduce any LC Issuing Bank’s Fronting Exposure shall no longer be required to be held as Cash Collateral pursuant to this Section 2.22 2.20 following (Ai) the elimination of the applicable Fronting Exposure (including by the termination of Defaulting Lender status of the applicable Lender), ) or (Bii) the determination by the Administrative Agent and each LC Issuing Bank that there exists excess Cash Collateral; provided that, subject to Section 2.21, 2.18 the Person providing Cash Collateral and each LC Issuing Bank may agree that Cash Collateral shall be held to support future anticipated Fronting Exposure or other obligations.

Appears in 2 contracts

Samples: Credit Agreement (Becton Dickinson & Co), Credit Agreement (Becton Dickinson & Co)

Termination of Requirement. Cash Collateral (or the appropriate portion thereof) provided to reduce any LC Issuing Bank’s 's Fronting Exposure shall no longer be required to be held as Cash Collateral pursuant to this Section 2.22 following (A) the elimination of the applicable Fronting Exposure (including by the termination of Defaulting Lender status of the applicable Lender), or (B) the determination by the Administrative Agent and each LC Issuing Bank that there exists excess Cash Collateral; provided that, subject to Section 2.21, the Person providing Cash Collateral and each LC Issuing Bank may agree that Cash Collateral shall be held to support future anticipated Fronting Exposure or other obligations.

Appears in 2 contracts

Samples: Credit Agreement (Pacificorp /Or/), Credit Agreement (Midamerican Energy Holdings Co /New/)

Termination of Requirement. Cash Collateral (or the appropriate portion thereof) provided to reduce any LC Issuing Bank’s Fronting Exposure shall no longer be required to be held as Cash Collateral pursuant to Section 2.16 or this Section 2.22 2.17 following (Ai) the elimination of the applicable Fronting Exposure (including by the termination of Defaulting Lender status of the applicable LenderLender Party), or (Bii) the determination by the Administrative Agent and each LC Issuing Bank that there exists excess Cash Collateral; provided that, subject to Section 2.21, 2.16 the Person providing Cash Collateral and each LC Issuing Bank may agree that Cash Collateral shall be held to support future anticipated Fronting Exposure or other obligations.

Appears in 2 contracts

Samples: Credit Agreement (Neustar Inc), Credit Agreement (Neustar Inc)

Termination of Requirement. Cash Collateral (or the appropriate portion thereof) provided to reduce any LC Issuing Bank’s Fronting Exposure shall no longer be required to be held as Cash Collateral pursuant to this Section 2.22 2.11 following (Ai) the elimination of the applicable Fronting Exposure (including by the termination of Defaulting Impacted Lender status of the applicable Lender), or (Bii) the determination by the Administrative Agent and each LC Issuing Bank that there exists excess Cash Collateral; provided that, subject to this Section 2.21, 2.11 the Person providing Cash Collateral and each LC Issuing Bank may agree that Cash Collateral shall be held to support future anticipated Fronting Exposure or other obligations.

Appears in 1 contract

Samples: Credit Agreement (Agco Corp /De)

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Termination of Requirement. Cash Collateral collateral (or the appropriate portion thereof) provided to reduce any LC the Issuing Bank’s Fronting Exposure shall no longer be required to be held as Cash Collateral cash collateral pursuant to this Section 2.22 3.12 following (Ai) the elimination of the applicable Fronting Exposure (including by the termination of Defaulting Lender status of the applicable Lender), ) or (Bii) the determination by the Administrative Agent and each LC the Issuing Bank that there exists excess Cash Collateralcash collateral; provided that, subject to the other provisions of this Section 2.213.12, the Person providing Cash Collateral cash collateral and each LC the Issuing Bank may agree that Cash Collateral cash collateral shall be held to support future anticipated Fronting Exposure or other obligations.

Appears in 1 contract

Samples: Credit Agreement (Brookfield Property Partners L.P.)

Termination of Requirement. Cash Collateral (or the appropriate portion thereof) provided to reduce any an LC Issuing BankIssuer’s Fronting Exposure shall no longer be required to be held as Cash Collateral pursuant to this Section 2.22 2.20(d) following (Ai) the elimination of the applicable Fronting Exposure (including by the termination of Defaulting Lender status of the applicable Lender), or (Bii) the determination by the Administrative Agent and each the applicable LC Issuing Bank Issuers that there exists excess Cash Collateral; provided that, subject to this Section 2.21, 2.20 the Person providing Cash Collateral and each the applicable LC Issuing Bank Issuer may agree that Cash Collateral shall be held to support future anticipated Fronting Exposure or other obligations.

Appears in 1 contract

Samples: Credit Agreement (New Home Co Inc.)

Termination of Requirement. Cash Collateral (or the appropriate portion thereof) provided to reduce any LC Issuing Bank’s Fronting Exposure or Swing Line Bank’s Fronting Exposure shall no longer be required to be held as Cash Collateral pursuant to this Section 2.22 promptly released following (Ai) the elimination of the applicable Fronting Exposure (including by the termination of Defaulting Lender status of the applicable LenderLender (or, as applicable, its assignee following compliance with Section 7.05(b)(vi)), or (Bii) the determination by the Administrative Agent and each LC Issuing Bank or Swing Line Bank, as applicable, that there exists excess Cash Collateral; provided that, subject to Section 2.21, 2.24 the Person providing Cash Collateral and each LC Issuing Bank or Swing Line Bank, as applicable, may agree that Cash Collateral shall be held to support future anticipated Fronting Exposure or other obligations.

Appears in 1 contract

Samples: Credit Agreement (American Water Works Company, Inc.)

Termination of Requirement. Cash Collateral (or the appropriate portion thereof) provided to reduce any LC Issuing Bank’s Fronting Exposure shall no longer be required to be held as Cash Collateral pursuant to this Section 2.22 2.19 following (Ax) the elimination of the applicable Fronting Exposure (including by the termination of Defaulting Lender status of the applicable Lender), ) or (By) the determination by the Administrative Agent and each LC such Issuing Bank that there exists excess Cash Collateral; provided that, that subject to the other provisions of this Section 2.212.19, the Person providing Cash Collateral and each LC such Issuing Bank may agree that Cash Collateral shall be held to support future anticipated Fronting Exposure or other obligations.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Pattern Energy Group Inc.)

Termination of Requirement. Cash Collateral (or the appropriate portion thereof) provided to reduce any LC Issuing Bank’s Fronting Exposure shall no longer be required to be held as Cash Collateral pursuant to this Section 2.22 2.21 or Section 2.20 following (Ai) the elimination of the applicable Fronting Exposure (including by the termination of Defaulting Lender status of the applicable Lender), or (Bii) the determination by the Administrative Agent and each LC Issuing Bank that there exists excess Cash Collateral; provided that, subject to Section 2.212.20, the Person providing Cash Collateral and each LC Issuing Bank may agree that Cash Collateral shall be held to support future anticipated Fronting Exposure or other obligations.

Appears in 1 contract

Samples: Credit Agreement (Coventry Health Care Inc)

Termination of Requirement. Cash Collateral (or the appropriate portion thereof) provided to reduce any LC Issuing Bank’s Fronting Exposure shall no longer be required to be held as Cash Collateral pursuant to this Section 2.22 2.11 following (Ai) the elimination of the applicable Fronting Exposure (including by the termination of Defaulting Lender status of the applicable Lender), or (Bii) the determination by the Administrative Agent and each LC Issuing Bank that there exists excess Cash Collateral; provided that, subject to this Section 2.21, 2.11 the Person providing Cash Collateral and each LC Issuing Bank may agree that Cash Collateral shall be held to support future anticipated Fronting Exposure or other obligations.. ATL 19984825v10

Appears in 1 contract

Samples: Credit Agreement (Agco Corp /De)

Termination of Requirement. Cash Collateral (or the appropriate portion thereof) provided to reduce any LC Issuing Bank’s Fronting Exposure shall no longer be required to be held as Cash Collateral pursuant to this Section 2.22 2.19 following (Ai) the elimination of the applicable Fronting Exposure (including by the termination of Defaulting Lender status of the applicable Lender), or (Bii) the determination by the Administrative Agent and each LC Issuing Bank that there exists excess Cash Collateral; provided that, subject to Section 2.212.20, the Person providing Cash Collateral and each LC Issuing Bank may agree that Cash Collateral shall be held to support future anticipated Fronting Exposure or other obligations. Section 2.20.

Appears in 1 contract

Samples: Credit Agreement (Science Applications International Corp)

Termination of Requirement. Cash Collateral (or the appropriate portion thereof) provided to reduce any LC Issuing Bank’s Fronting Exposure shall no longer be required to be held as Cash Collateral pursuant to this Section 2.22 2.11 following (Ai) the elimination of the applicable Fronting Exposure (including by the termination of Defaulting Lender status of the applicable Lender), or (Bii) the determination by the Administrative Agent and each LC Issuing Bank that there exists excess Cash Collateral; provided that, subject to this Section 2.21, 2.11 the Person providing Cash Collateral and each LC Issuing Bank may agree that Cash Collateral shall be held to support future anticipated Fronting Exposure or other obligations.

Appears in 1 contract

Samples: Credit Agreement (Agco Corp /De)

Termination of Requirement. Cash Collateral (or the appropriate portion thereof) provided to reduce any LC Issuing Bank’s Fronting Exposure shall no longer be required to be held as Cash Collateral pursuant to this Section 2.22 2.17 following (Ai) the elimination of the applicable Fronting Exposure (including by the termination of Defaulting Lender Bank status of the applicable Lender), Bank) or (Bii) the determination by the Administrative Agent and each LC Issuing Bank that there exists excess Cash Collateral; provided that, subject to Section 2.212.16, the Person providing Cash Collateral and each LC Issuing Bank may agree that Cash Collateral shall be held to support future anticipated Fronting Exposure or other obligations.

Appears in 1 contract

Samples: Credit Agreement (Parsons Corp)

Termination of Requirement. Cash Collateral (or the appropriate portion thereof) provided to reduce any LC the Issuing Bank’s Fronting Exposure shall no longer be required to be held as Cash Collateral pursuant to this Section 2.22 2.21 following (Ai) the elimination of CHAR2\1701593v10 the applicable Fronting Exposure (including by the termination of Defaulting Lender status of the applicable Lender), or (Bii) the determination by the Administrative Agent and each LC the Issuing Bank that there exists excess Cash Collateral; provided that, subject to Section 2.212.22, the Person providing Cash Collateral and each LC the Issuing Bank may agree that Cash Collateral shall be held to support future anticipated Fronting Exposure or other obligations.

Appears in 1 contract

Samples: Credit Agreement (Rayonier Inc)

Termination of Requirement. Cash Collateral (or the appropriate portion thereof) provided to reduce any an LC Issuing BankIssuer’s Fronting Exposure shall no longer be required to be held as Cash Collateral pursuant to this Section 2.22 ‎Section 2.22(d) following (Ai) the elimination of the applicable Fronting Exposure (including by the termination of Defaulting Lender status of the applicable Lender), or (Bii) the determination by the Administrative Agent and each the applicable LC Issuing Bank Issuers that there exists excess Cash Collateral; provided that, subject to Section 2.21, this ‎Section 2.22 the Person providing Cash Collateral and each the applicable LC Issuing Bank Issuer may agree that Cash Collateral shall be held to support future anticipated Fronting Exposure or other obligations.

Appears in 1 contract

Samples: Credit Agreement (New Home Co Inc.)

Termination of Requirement. Cash Collateral (or the appropriate portion thereof) provided to reduce any LC Issuing Bank’s Fronting Exposure or Swingline Bank’s Fronting Exposure shall no longer be required to be held as Cash Collateral pursuant to this Section 2.22 promptly released following (Ai) the elimination of the applicable Fronting Exposure (Exposure, including by the termination of Defaulting Lender status of the applicable LenderLender (or, as applicable, its assignee following compliance with Section 7.05(b)(vi)), or (Bii) the determination by the Administrative Agent and each LC Issuing Bank or Swingline Bank, as applicable, that there exists excess Cash Collateral; provided that, subject to Section 2.21, 2.24 the Person providing Cash Collateral and each LC Issuing Bank or Swingline Bank, as applicable, may agree that Cash Collateral shall be held to support future anticipated Fronting Exposure or other obligations.

Appears in 1 contract

Samples: Credit Agreement (American Water Works Company, Inc.)

Termination of Requirement. Cash Collateral collateral (or the appropriate portion thereof) provided to reduce any the LC Issuing Bank’s Fronting Exposure shall no longer be required to be held as Cash Collateral cash collateral pursuant to this Section 2.22 5.06 following (Ai) the elimination of the applicable Fronting Exposure (including by the termination of Defaulting Lender Purchaser status of the applicable LenderPurchaser), or (Bii) the determination by the Administrative Agent and each the LC Issuing Bank that there exists excess Cash Collateralcash collateral; provided that, subject to Section 2.212.10, the Person providing Cash Collateral cash collateral and each the LC Issuing Bank may agree that Cash Collateral shall be held to support future anticipated Fronting Exposure or other obligationsobligations and provided further that to the extent that such cash collateral was provided by the Seller, such cash collateral shall remain subject to the security interest granted pursuant to Section 5.06(a) above.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Exela Technologies, Inc.)

Termination of Requirement. Cash Collateral (or the appropriate portion thereof) provided to reduce any LC Issuing Bank’s Fronting Exposure shall no longer be required to be held as Cash Collateral pursuant to this Section 2.22 2.15 following (Ai) the elimination of the applicable Fronting Exposure (including by the termination of Defaulting Lender status of the applicable Lender), or (Bii) the determination by the Administrative Agent and each LC Issuing Bank that there exists excess Cash Collateral; provided that, subject to Section 2.212.16, the Person providing Cash Collateral and each LC Issuing Bank may agree that Cash Collateral shall be held to support future anticipated Fronting Exposure or other obligations.

Appears in 1 contract

Samples: Credit Agreement (Black Box Corp)

Termination of Requirement. Cash Collateral (or the appropriate portion thereof) provided to reduce any LC Issuing Bank’s Fronting Exposure shall no longer be required to be held as Cash Collateral pursuant to this Section 2.22 following (Ai) the elimination of the applicable Fronting Exposure (including by the termination of the Defaulting Lender status of the applicable Lender), or (Bii) the determination by the Administrative Agent and each LC Issuing Bank that there exists excess Cash Collateral; provided that, subject to Section 2.212.24, the Person person providing Cash Collateral and each LC Issuing Bank may agree that Cash Collateral shall be held to support future anticipated Fronting Exposure or other obligations.

Appears in 1 contract

Samples: Credit Agreement (El Paso Electric Co /Tx/)

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