Mandatory Cash Collateralization. If at any time the aggregate amount of the Letter of Credit Obligations plus the Unused LC Commitment exceeds the LC Commitment, the Borrower shall, promptly after receipt of written notice thereof from the Bank, Cash Collateralize the Letter of Credit Obligations in an amount equal to such excess.
Appears in 2 contracts
Sources: Letter of Credit Facility Agreement (Cincinnati Financial Corp), Letter of Credit Facility Agreement (Cincinnati Financial Corp)