Security Termination

Security Termination. Such time at which each of the following events shall have occurred on or prior to such time: (i) all Commitments have terminated or expired, (ii) the Credit Agreement has terminated, (iii) all Obligations (other than indemnities and other contingent obligations not then due and payable and as to which no claim has been made as of the time of determination) have been paid in full in cash, and (iv) all Letters of Credit have expired or terminated or the LC Exposure has been cash collateralized... (or as to which other arrangements satisfactory to the Administrative Agent and the Issuing Bank shall have been made) as provided for in the Credit Agreement. View More