Unsecured Credit Limit definition

Unsecured Credit Limit is that proportion of the Maximum Unsecured Credit Limit extended to a User by the Transporter as calculated in accordance with the table set out in paragraph 3.1.3 or 3.1.4 as appropriate.
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Unsecured Credit Limit shall have the meaning ascribed to it in Section 14.3 (Unsecured Credit).
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Unsecured Credit Limit means Seller’s Fixed Amount, as adjusted by Seller Guarantor’s Credit Rating pursuant to Section 6.5.
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Examples of Unsecured Credit Limit in a sentence

  • A Counter-Party that has been granted an Unsecured Credit Limit pursuant to Section 16.11.2, Requirements for Setting a Counter-Party’s Unsecured Credit Limit, shall inform ERCOT within one Business Day if it has experienced a material change in its operations, financial condition or prospects that might adversely affect the Counter-Party and require a revision to its Unsecured Credit Limit.

  • ERCOT shall value the guarantee based on the guarantor’s Unsecured Credit Limit and other obligations the guarantor has under these Protocols or other contracts with ERCOT.

  • The Unrated Governmental Entity seeking to establish an Unsecured Credit Limit pursuant to this section shall provide documentation establishing its annual appropriations.

  • The CAISO may require the Market Participant to post an additional Financial Security Amount in lieu of an Unsecured Credit Limit for a period of time.

  • A Counter-Party must, at all times, maintain its Financial Security at or above the amount of its Total Potential Exposure (TPE) minus its Unsecured Credit Limit.

  • Such Local Publicly Owned Electric Utility shall be entitled to request an Unsecured Credit Limit based on Net Assets as provided in Section 12.1.1.1(3) or 12.1.1.1(4) in order to establish an Unsecured Credit Limit as the greater of $1 million or the amount determined as provided in this Section 12.1.1.1(5).

  • The CAISO shall determine the Unsecured Credit Limit for each Market Participant in accordance with the procedures set forth in the applicable Business Practice Manual.

  • A Local Publicly Owned Electric Utility with a governing body having ratemaking authority that has submitted an application for an Unsecured Credit Limit shall be entitled to an Unsecured Credit Limit of $1 million without regard to its Net Assets.

  • Another Entity may give a guarantee to ERCOT, if ERCOT has set an Unsecured Credit Limit for the Entity under Section 16.11.2, Requirements for Setting a Counter-Party’s Unsecured Credit Limit.

  • In addition, the CAISO may review the Unsecured Credit Limit for any Market Participant whenever the CAISO becomes aware of information that could indicate a Material Change in Financial Condition.


More Definitions of Unsecured Credit Limit

Unsecured Credit Limit means the lesser of Supplier’s or Guarantor’s % Tangible Net Worth or the Fixed Amount, each as adjusted by Supplier’s or Guarantor’s Credit Rating pursuant to Section 7.3.
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Unsecured Credit Limit tel que ce terme est défini dans la Convention, majorée de tous les frais raisonnables engagés par le Bénéficiaire pour faire valoir ses droits contre la Caution en vertu du présent Cautionnement, y compris les honoraires d’avocats, frais de justice et xxxxx semblables. À la demande de la Caution, le Bénéficiaire fournira à celle-ci tous les renseignements utiles se rapportant à la teneur et aux conditions des obligations de HQUS en ce qui concerne la Convention ainsi qu’un relevé de compte détaillé relatif aux factures et aux paiements. La livraison de ces informations n’est pas une condition préalable à une demande de paiement en vertu de ce Cautionnement et le défaut par le Bénéficiaire de fournir ces informations n’entraîne pas la libération des obligations, ni ne constitue un moyen de défense, de la Caution en vertu des présentes. Article 2.
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Unsecured Credit Limit means the lesser of Seller’s or Guarantor’s % Tangible Net Worth or the Fixed Amount, each as adjusted by Seller’s or Guarantor’s Credit Rating pursuant to Section 9.6. Effective Date and Filing; Term of Agreement This Agreement shall be binding on the Parties as of the Effective Date; provided, however, that the Parties acknowledge and understand that the pricing and material terms of this Agreement and any applicable Service Attachment(s) are subject to PURA approval, and that Seller’s obligation to sell and Buyer’s obligation to purchase Standard Service Requirements and/or LRS Requirements pursuant to this Agreement and any applicable Service Attachment(s) shall be subject to, and is contingent upon, Buyer successfully obtaining all necessary regulatory authorizations, including approval of the terms of this Agreement and all applicable Service Attachment(s) by PURA pursuant to Section 16-244c of the Connecticut General Statutes and the requirements set forth in PURA’s June 21, 2006 order in Docket No. 06-01-08PH01 (the “June 21, 2006 Order”) and the requirements set forth in PURA’s October 12, 2012 order in Docket No. 12-06-02 (the “October 12, 2012 Order”). Buyer shall bear the cost of any required PURA filing, except for any costs incurred by Seller associated with Seller’s intervention. Buyer shall request that PURA accord confidential treatment to the identity of Seller for a period of two (2) weeks from the date of PURA’s issuance of its approval or rejection, as applicable, of such filing. In the event that PURA does not approve the pricing and material terms of this Agreement and/or any Service Attachment(s) in a form acceptable to Buyer, the Buyer may elect to seek to negotiate such changes to this Agreement and/or any Service Attachment(s) as may be necessary to obtain such approval. If the Parties are unable to negotiate such changes that are satisfactory to each Party within five (5) Business Days after the PURA order, the Buyer shall have the right to terminate this Agreement and/or the applicable Service Attachment(s) by giving one (1) Business Days’ written notice to the Seller, in which event the Agreement and/or applicable Service Attachment shall be null and void and of no further force and effect. In the event the Parties negotiate such changes and PURA does not approve the same in a form acceptable to Buyer, the Buyer shall have the right to elect to terminate this Agreement and/or the applicable Service Attachment upon not less tha...
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Related to Unsecured Credit Limit

  • FTR Credit Limit means the amount of credit established with PJMSettlement that an FTR Participant has specifically designated to be used for FTR activity in a specific customer account. Any such credit so set aside shall not be considered available to satisfy any other credit requirement the FTR Participant may have with PJMSettlement.

  • Credit Limit means the total dollar amount of the Account which we approved and which you may borrow against according to the terms of this Agreement.

  • Credit Line as defined in Section 2.1.

  • Letter of Credit Limit means $5,000,000.

  • Revolving Credit Availability means, at any particular time, the amount by which (x) the Aggregate Revolving Loan Commitment at such time exceeds (y) the Dollar Amount of the Revolving Credit Obligations outstanding at such time.

  • Senior Secured Credit Facility means the Loan and Security Agreement, dated as of May 31, 2017 by and among the Company and Western Alliance Bank (as amended, amended and restated, supplemented or otherwise modified from time to time, subject to the limitations herein).

  • Revolving Loan Availability means at any time the lesser of (a) the Revolving Loan Commitment or (b) the Borrowing Base Amount.

  • Credit Line Agreement means the related credit line account agreement for a Mortgage Loan executed by the related mortgagor and any amendment or modification of it.

  • Revolving Credit Agreement means that certain Revolving Credit Agreement dated as of August 30, 2004 between the Company, certain of its Subsidiaries and the banks and financial institutions listed therein, as such agreement may be replaced, amended, supplemented or otherwise modified from time to time.

  • Senior Secured Credit Agreement means that certain Credit Agreement, dated as of September 27, 2018, among the Borrowers, the lenders from time to time party thereto, JPMCB as administrative agent, JPMCB as collateral agent, and the other parties thereto, as amended, restated, amended, restated, extended, supplemented, refinanced or otherwise modified from time to time.

  • Revolving Credit Obligations means, at any particular time, the sum of (i) the outstanding principal amount of the Revolving Loans at such time, plus (ii) the outstanding principal amount of the Swing Line Loans at such time, plus (iii) the outstanding L/C Obligations at such time.

  • Revolving Facility Usage means at any time the sum of the outstanding Revolving Credit Loans, the outstanding Swing Loans, and the Letter of Credit Obligations.

  • Line of Credit mean the credit facility described in the Section titled "LINE OF CREDIT" below.

  • Term Loan Credit Agreement shall have the meaning set forth in the recitals hereto.

  • Revolving Loan Agreement means that certain Revolving Credit and Security Agreement, dated as of the Closing Date, by and among Revolving Agent, the Credit Parties party thereto, the lenders from time to time party thereto, as amended, restated, supplemented and/or modified to the extent permitted by the terms of the Intercreditor Agreement. ​

  • Prepetition Credit Agreement has the meaning specified in the recitals hereto.

  • First Lien Credit Agreement has the meaning set forth in the recitals hereto.

  • 364-Day Credit Agreement means the 364-Day Credit Agreement, dated as of the date hereof, among the Borrowers, the several banks and other financial institutions from time to time parties thereto, JPMorgan Chase Bank, as administrative agent, and the other agents party thereto.

  • Revolving Loan Limit means, at any time, the lesser of (a) the Revolving Loan Commitment and (b) the Borrowing Base.

  • Revolving Credit Facility means, at any time, the aggregate amount of the Revolving Credit Lenders’ Revolving Credit Commitments at such time.

  • Second Lien Credit Agreement means the Second Lien Credit Agreement, dated as of the Closing Dates thereof among the Borrower, the other Credit Parties from time to time party thereto, the Second Lien Lenders and the Second Lien Administrative Agent, as the same may be amended, restated and/or modified from time to time subject to the terms thereof.

  • Revolving Line of Credit means the Commitments of the Lenders to make Revolving Loans pursuant to Section 3 of this Financing Agreement and assist the Companies in opening Letters of Credit, Bankers Acceptances, Steamship Guarantees and Airway Releases pursuant to Section 5 of this Financing Agreement, in an aggregate amount equal to $250,000,000.

  • Unsecured Creditor means the holder of an Unsecured Claim.

  • Revolving Credit Availability Period means the period from and including the Effective Date to but excluding the earlier of the Revolving Credit Commitment Termination Date and the date of termination of the Revolving Credit Commitments.

  • Revolving Credit Notes means the separate Revolving Credit Notes made by the Borrower payable to the order of each Lender, substantially in the form of Exhibit A hereto, evidencing the Credit Facility, and any amendments and modifications thereto, any substitutes therefor, and any replacements, restatements, renewals or extension thereof, in whole or in part; "Note" means any of such Revolving Credit Notes.

  • Bank Credit Agreement means the Revolving Credit and Term Loan Agreement, dated as of January 26, 2015, by and among the Company and certain of its Subsidiaries, Bank of America, N.A., as administrative agent, and the other financial institutions party thereto, as amended, restated, joined, supplemented or otherwise modified from time to time, and any renewals, extensions or replacements thereof, which constitute the primary bank credit facility of the Company and its Subsidiaries.