Common use of Collateral for Undrawn Letters of Credit Clause in Contracts

Collateral for Undrawn Letters of Credit. If the prepayment of the amount available for drawing under any or all outstanding Letters of Credit is required under Section 2.9(b), Section 2.17, Section 8.2 or Section 8.3 above, Borrower shall forthwith pay the amount required to be so prepaid, to be held by Administrative Agent as provided in subsection (b) below.

Appears in 4 contracts

Sources: Credit Agreement (Sterling Infrastructure, Inc.), Credit Agreement (Sterling Infrastructure, Inc.), Credit Agreement (Sterling Infrastructure, Inc.)

Collateral for Undrawn Letters of Credit. If the prepayment of the amount available for drawing under any or all outstanding Letters of Credit is required under Section 2.9(b), 2.8(c)(iv) or under Section 2.17, Section 8.2 7.2 or Section 8.3 7.3 above, the Borrower shall forthwith pay the amount required to be so prepaid, to be held by the Administrative Agent as provided in subsection (b) below.

Appears in 3 contracts

Sources: Amendment No. 4 (Vantiv, Inc.), Loan Agreement (Vantiv, Inc.), Loan Agreement (Vantiv, Inc.)

Collateral for Undrawn Letters of Credit. If the prepayment of the amount available for drawing under any or all outstanding Letters of Credit is required under Section 2.9(b)2.15 or under Section 8.2, Section 2.17, Section 8.2 or Section 8.3 above, Borrower the Borrowers shall forthwith pay the amount required to be so prepaid, to be held by Administrative the Agent as provided additional Collateral (as defined in subsection (bthe Security Agreements) belowon the same terms and conditions on which the Collateral is held.

Appears in 1 contract

Sources: Credit Agreement (Lasalle Partners Inc)

Collateral for Undrawn Letters of Credit. If the prepayment of the amount available for drawing under any or all outstanding Letters of Credit is required under Section 2.9(bany of Sections 2.3(b), 2.8(b), Section 2.172.13, Section 8.2 2.14, 9.2 or Section 8.3 9.3 above, the Borrower shall forthwith pay the amount required to be so prepaid, to be held by the Administrative Agent as provided in subsection (b) below.

Appears in 1 contract

Sources: Credit Agreement (Performant Financial Corp)

Collateral for Undrawn Letters of Credit. (a) If the prepayment of the amount available for drawing under any or all outstanding Letters of Credit is required under Section 2.9(b1.8(b), Section 2.171.14, Section 8.2 9.2 or Section 8.3 9.3 above, the Borrower shall forthwith pay the amount required to be so prepaid, to be held by the Administrative Agent as provided in subsection (b) below.

Appears in 1 contract

Sources: Credit Agreement (Necessity Retail REIT, Inc.)

Collateral for Undrawn Letters of Credit. (a) If the prepayment of the amount available for drawing under any or all outstanding Letters of Credit issued for the account of a Borrower hereunder is required under Section 2.9(b1.9(b), Section 2.171.15, Section 8.2 9.2 or Section 8.3 9.3 above, such Borrower shall forthwith pay the amount required to be so prepaid, to be held by the Administrative Agent as provided in subsection (b) below.

Appears in 1 contract

Sources: Credit Agreement (J M SMUCKER Co)

Collateral for Undrawn Letters of Credit. (1) If the prepayment of the amount available for drawing under any or all outstanding Letters of Credit is required under Section 2.9(b)7.2 or 7.3, Section 2.17, Section 8.2 or Section 8.3 above, the Borrower shall forthwith pay the amount required to be so prepaid, to be held by Administrative the Agent as provided in subsection (b) below.)

Appears in 1 contract

Sources: Secured Credit Agreement (Quanta Services Inc)

Collateral for Undrawn Letters of Credit. (a) If the payment or prepayment of the amount available for drawing under any or all outstanding Letters of Credit is required under Section 2.9(b), Section 2.17, Section 8.2 or Section 8.3 above, the Borrower shall forthwith pay the amount required to be so prepaid, to be held by the Administrative Agent as provided in subsection (b) below.

Appears in 1 contract

Sources: Credit Agreement (Jones Lang Lasalle Inc)

Collateral for Undrawn Letters of Credit. If the prepayment of the amount available for drawing under any or all outstanding Letters of Credit is required under Section 2.9(b)1.13, Section 2.17, Section 8.2 9.2 or Section 8.3 9.3 above, the Borrower shall forthwith pay the amount required to be so prepaid, to be held by the Administrative Agent as provided in subsection (b) below.

Appears in 1 contract

Sources: Credit Agreement (Intl Fcstone Inc.)