Common use of Debtor Relief Clause in Contracts

Debtor Relief. If a Default exists under Section 11.3(b) or 11.3(c), the commitment to extend credit hereunder shall automatically terminate and the entire unpaid balance of the Obligation shall automatically become due and payable without any action or notice of any kind whatsoever, and Borrower shall be required to deposit cash collateral in the Letter of Credit Cash Collateral Account in an amount equal to 110% of the LC Exposure then existing in accordance with Section 2.2(g).

Appears in 2 contracts

Samples: Revolving Credit Agreement (Northern Border Partners Lp), Revolving Credit Agreement (Northern Border Partners Lp)

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Debtor Relief. If a Default exists under Section 11.3(bSECTION 10.3(c) or 11.3(c10.3(d), the commitment to extend credit hereunder shall automatically terminate and the entire unpaid balance of the Obligation shall automatically become due and payable without any action or notice of any kind whatsoever, and Borrower shall be required to deposit provide cash collateral in the Letter of Credit Cash Collateral Account in an amount equal to 110% of the LC Exposure then existing in accordance with Section 2.2(gSECTION 2.5(g).

Appears in 1 contract

Samples: Credit Agreement (Dutchess County Cellular Telephone Co Inc)

Debtor Relief. If a Default exists under Section 11.3(bSECTION 10.3(c) or 11.3(c10.3(d), the commitment to extend credit hereunder shall automatically terminate and the entire unpaid balance of the Obligation shall automatically become due and payable without any action or notice of any kind whatsoever, and Borrower shall be required to deposit provide cash collateral in the Letter of Credit Cash Collateral Account in an amount equal to 110% of the LC Exposure then existing in accordance with Section SECTION 2.2(g).

Appears in 1 contract

Samples: Revolving Credit Agreement (Pier 1 Imports Inc/De)

Debtor Relief. If a Default exists under Section SECTION 11.3(b) or 11.3(c), the commitment to extend credit hereunder shall automatically terminate and the entire unpaid balance of the Obligation shall automatically become due and payable without any action or notice of any kind whatsoever, and Borrower shall be required to deposit cash collateral in the Letter of Credit Cash Collateral Account in an amount equal to 110% of the LC Exposure then existing in accordance with Section SECTION 2.2(g).

Appears in 1 contract

Samples: Credit Agreement (Northern Border Partners Lp)

Debtor Relief. If a Default exists under Section 11.3(bSECTIONS 10.3(c) or 11.3(c10.3(d), the commitment to extend credit hereunder shall automatically terminate and the entire unpaid balance of the Obligation shall automatically become due and payable without any action or notice of any kind whatsoever, whatsoever and Borrower shall be required to deposit provide cash collateral in the Letter of Credit Cash Collateral Account in an amount equal to 110% of the LC Exposure then existing in accordance with Section 2.2(gSECTION 2.4(g).

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Coorstek Inc)

Debtor Relief. If a Default exists under Section 11.3(bSECTION 10.3(c) or 11.3(c10.3(d), the commitment to extend credit hereunder shall automatically terminate and the entire unpaid balance of the Obligation shall automatically become due and payable without any action or notice of any kind whatsoever, and Borrower shall be required to deposit provide cash collateral in the Letter of Credit Cash Collateral Account in an amount equal to 110% of the LC Exposure then existing in accordance with Section 2.2(gSECTION 2.4(g).

Appears in 1 contract

Samples: Dobson Communications Corp

Debtor Relief. If a Default exists under Section 11.3(b10.3(b) or 11.3(c10.3(c), the commitment to extend credit hereunder shall automatically terminate and the entire unpaid balance of the Obligation shall automatically become due and payable without any action or notice of any kind whatsoever, and Borrower Restricted Borrowers shall be required to deposit provide cash collateral in the Letter of Credit Cash Collateral Account in an amount equal to 110100% of the LC Exposure then existing in accordance with Section 2.2(g2.3(g).

Appears in 1 contract

Samples: Pledge Agreement (Adelphia Communications Corp)

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Debtor Relief. If a Default exists under Section 11.3(bSections 10.3(c) or 11.3(c10.3(d), the commitment to extend credit hereunder shall automatically terminate and the entire unpaid balance of the Obligation shall automatically become due and payable without any action or notice of any kind whatsoever, whatsoever and Borrower shall be required to deposit provide cash collateral in the Letter of Credit Cash Collateral Account in an amount equal to 110105% of the LC Exposure then existing in accordance with Section 2.2(g2.5(g).

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Acx Technologies Inc)

Debtor Relief. If a Default exists under Section 11.3(b10.3(b) or 11.3(c10.3(c), the commitment to extend credit hereunder shall automatically terminate and the entire unpaid balance of the Obligation shall automatically become due and payable without any action or notice of any kind whatsoever, and Borrower the Borrowers shall be required to deposit provide cash collateral in the Letter of Credit Cash Collateral Account in an amount equal to 110100% of the LC Exposure then existing in accordance with Section 2.2(g2.3(g).

Appears in 1 contract

Samples: Credit Agreement (Adelphia Communications Corp)

Debtor Relief. If a Default exists under Section 11.3(b10.3(c) or 11.3(c10.3(d), the commitment to extend credit hereunder shall automatically terminate and the entire unpaid balance of the Obligation shall automatically become due and payable without any action or notice of any kind whatsoever, and Borrower shall be required to deposit provide cash collateral in the Letter of Credit Cash Collateral Account in an amount equal to 110% of the LC Exposure then existing in accordance with Section 2.2(g2.5(g).

Appears in 1 contract

Samples: Credit Agreement (Dobson Communications Corp)

Debtor Relief. If a Default exists under Section 11.3(b10.3(c) or 11.3(c------------- 10.3(d), the commitment to extend credit hereunder shall automatically terminate and the entire unpaid balance of the Obligation shall automatically become due and payable without any action or notice of any kind whatsoever, and Borrower shall be required to deposit provide cash collateral in the Letter of Credit Cash Collateral Account in an amount equal to 110105% of the LC Exposure then existing in accordance with Section 2.2(g2.3(g).

Appears in 1 contract

Samples: Security Agreement (Azz Inc)

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