Examples of Other Eligible Support in a sentence
For the purpose of Paragraphs 5(i)(C) and 5(ii), the Value of Posted Credit Support will be calculated as follows: (i) for cash collateral, the face value thereof and (ii) with respect to Other Eligible Support and Other Posted Support, an amount equal to the value as calculated pursuant to Paragraph 13(j)(i).
The following items will qualify as "Other Eligible Support" for the party specified: Inapplicable.
All transfers under this Deed of Other Eligible Support and Other Posted Support shall be made as follows: ..........................................................................................................
The following items will qualify as "Other Eligible Support" for the party specified: one or more irrevocable standby letters of credit, expiring in not less than 15 days, issued by a bank acceptable to the Secured Party under language in a form reasonably acceptable to the Secured Party (each, a "Letter of Credit").
The Secured Party shall have the right to draw on a Letter of Credit held by it as Other Eligible Support or Other Posted Support in the event that at the time of such draw there shall be satisfied one or more of the conditions to drawing specified in such Letter of Credit.