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Case 16-42529 Doc 108 Filed 04/14/16 Entered 04/14/16 17:28:56 Main Document <br />Pg 26 of 70 <br />Letter of Credit Account, to satisfy such Bonding Request. The aggregate face amount of all <br />Bonding Facility Letters of Credit, together with the aggregate amount of all Bonding <br />Superpriority Claims, shall not exceed the Bonding Accommodation Cap. The Debtors shall be <br />authorized to terminate the Bonding Carve Out by issuing and delivering a notice in writing to <br />the DIP Agent (the "Bonding Carve Out Termination Notice"), with a copy of any such notice <br />delivered to counsel to each of the Pre -Petition Agent and the Second Lien Notes Trustee. Upon <br />issuance and delivery by the Debtors of the Bonding Carve Out Termination Notice to the DIP <br />Agent, immediately, automatically and without further action, the Bonding Carve Out will <br />terminate and be permanently reduced to $0 for all purposes hereunder, and the Bonding <br />Beneficiaries shall thereafter cease to have any rights in respect of the Bonding Carve Out. <br />Except as set forth in this paragraph 7(e), the Debtors may not terminate the Bonding Carve Out. <br />DIP Liens. As security for the DIP Obligations, effective and perfected upon <br />the date of entry of this Interim Order and without the necessity of the execution, recordation <br />of filings by the Debtor Loan Parties of mortgages, security agreements, control agreements, <br />pledge agreements, financing statements or other similar documents, or the possession or <br />control by the DIP Agent of, or over, any Collateral, the following security interests and liens <br />are hereby granted to the DIP Agent for its own benefit and the benefit of the DIP Lenders (all <br />property identified in clauses 8(a), 8(b), 8(c), and 8(d) below being collectively referred to as <br />the "Collateral'), subject only to, other than in the case of the claims of the Bonding Facility <br />L/C Issuer to amounts held in the Bonding Facility Letter of Credit Account and with respect <br />to the claims of the L/C Facility L/C Issuer to amounts held in the L/C Facility Letter of Credit <br />Account, and the payment of the Fees Carve -Out and the Bonding Carve -Out (all such liens <br />26 <br />