Common use of Certain Letters of Credit Clause in Contracts

Certain Letters of Credit. On or before December 31, 2000, the Loan Parties shall cause all Letters of Credit issued with respect to the assets that have been sold pursuant to the Louisville Purchase Agreements and the Raleigh Purchase Agreement to be cancelled, replaced or fully cash collateralized.

Appears in 1 contract

Sources: Credit Agreement (Zaring National Corp)

Certain Letters of Credit. On or before December 31, 2000, the Loan Parties shall cause all Letters of Credit issued with respect to the assets that have been sold pursuant to the Louisville Purchase Agreements Agreements, the Raleigh Purchase Agreement and the Raleigh Charlotte Purchase Agreement to be cancelled, replaced or fully cash collateralized.

Appears in 1 contract

Sources: Credit Agreement (Zaring National Corp)