Common use of Lc Collateral Clause in Contracts

Lc Collateral. (a) LC OBLIGATIONS IN EXCESS OF MAXIMUM REVOLVER FACILITY AMOUNT. If, after the making of all mandatory prepayments required under Section 2.6, the outstanding LC Obligations will exceed the Maximum Revolver Facility Amount, then in addition to prepayment of the entire principal balance of the Loans Borrower will immediately pay to LC Issuer an amount equal to such excess. LC Issuer will hold such amounts as collateral security for the remaining LC Obligations (all such amounts held as collateral security for LC Obligations being herein collectively called "LC COLLATERAL") and the other Obligations, and such collateral may be applied from time to time to pay Matured LC Obligations or any other Obligations which are then due and payable. Neither this subsection nor the following subsection shall, however, limit or impair any rights which LC Issuer may have under any other document or agreement relating to any Letter of Credit, LC Collateral or LC Obligation, including any LC Application, or any rights which any Lender Party may have to otherwise apply any payments by Borrower and any LC Collateral under Section 3.1.

Lc Collateral. (a) US LC OBLIGATIONS IN EXCESS OF MAXIMUM REVOLVER FACILITY AMOUNTObligations in Excess of US Maximum Credit Amount. If, after the making of all mandatory prepayments required under Section 2.61.6(b), the outstanding US LC Obligations outstanding under the US Agreement will exceed the Tranche A Maximum Revolver Facility Credit Amount, then in addition to prepayment of the entire principal balance of the US Loans US Borrower will immediately pay to US LC Issuer an amount equal to such excess. US LC Issuer will hold such amounts amount as collateral security for the remaining US LC Obligations outstanding under the US Agreement (all such amounts held as collateral security for US LC Obligations being herein collectively called "LC COLLATERALCollateral") and the other US Obligations, and such collateral may be applied from time to time to pay any Matured US LC Obligations or any other US Obligations which are then due and payable. Neither this subsection nor the following subsection shall, however, limit or impair any rights which US LC Issuer may have under any other document or agreement relating to any Letter of Credit, LC Collateral or US LC Obligation, including any LC Application, or any rights which any Lender Party may have to otherwise apply any payments by US Borrower and any LC Collateral under Section 3.1.

Lc Collateral. (a) a US LC OBLIGATIONS IN EXCESS OF MAXIMUM REVOLVER FACILITY AMOUNTObligations in Excess of US Maximum Credit Amount. If, after the making of all mandatory prepayments required under Section 2.61.6(b), the outstanding US LC Obligations outstanding under the US Agreement will exceed the Tranche A Maximum Revolver Facility Credit Amount, then in addition to prepayment of the entire principal balance of the US Loans US Borrower will immediately pay to US LC Issuer an amount equal to such excess. US LC Issuer will hold such amounts amount as collateral security for the remaining US LC Obligations outstanding under the US Agreement (all such amounts held as collateral security for US LC Obligations being herein collectively called "LC COLLATERALCollateral") and the other US Obligations, and such collateral may be applied from time to time to pay any Matured US LC Obligations or any other US Obligations which are then due and payable. Neither this subsection nor the following subsection shall, however, limit or impair any rights which US LC Issuer may have under any other document or agreement relating to any Letter of Credit, LC Collateral or US LC Obligation, including any LC Application, or any rights which any Lender Party may have to otherwise apply any payments by US Borrower and any LC Collateral under Section 3.1.