Credit Support Depletion Date Clause Examples for Any Agreement

The Credit Support Depletion Date clause defines the specific date on which the available credit support, such as collateral or guarantees, is considered fully utilized or exhausted under an agreement. In practice, this clause is triggered when the value of posted collateral falls below a required threshold or when a predetermined event causes the credit support to no longer be available. Its core function is to clearly establish the point at which parties can no longer rely on existing credit support, thereby prompting actions such as additional collateral posting or triggering default remedies, and ultimately ensuring both parties are aware of their risk exposure.
Credit Support Depletion Date. 11 Curtailment..........................................................11
Source 1Source 2See All (34)
Credit Support Depletion Date. The first Distribution Date on which the aggregate Class Principal Balance of the Class B Certificates has been or will be reduced to zero as a result of principal distributions thereon and the allocation of Realized Losses on such Distribution Date.
Source 1Source 2Source 3See All (13)
Credit Support Depletion Date. 13 Cumulative Carry-Forward Subsequent Recoveries Amount.......................................13 Curtailment.................................................................................13
Source 1See All (7)
Credit Support Depletion Date. 14 Curtailment . . . . . . . . . . . . . 14
Source 1See All (5)
Credit Support Depletion Date. The first Distribution Date, if any, on which the aggregate of the Class Principal Amounts of the Subordinate Certificates has been reduced to zero.
Source 1Source 2
Credit Support Depletion Date. 14 CURTAILMENT.................................................................14
Source 1
Credit Support Depletion Date. 14 Cross-Collateralization Interest Shortfalls..................................14
Source 1
Credit Support Depletion Date. 25 TABLE OF CONTENTS (continued) Page
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Related to Credit Support Depletion Date

  • Credit Support Default (1) Failure by the party or any Credit Support Provider of such party to comply with or perform any agreement or obligation to be complied with or performed by it in accordance with any Credit Support Document if such failure is continuing after any applicable grace period has elapsed; (2) the expiration or termination of such Credit Support Document or the failing or ceasing of such Credit Support Document to be in full force and effect for the purpose of this Agreement (in either case other than in accordance with its terms) prior to the satisfaction of all obligations of such party under each Transaction to which such Credit Support Document relates without the written consent of the other party; or (3) the party or such Credit Support Provider disaffirms, disclaims, repudiates or rejects, in whole or in part, or challenges the validity of, such Credit Support Document;

  • Delinquent Child Support Obligations A child support obligor who is more than 30 days delinquent in paying child support and a business entity in which the obligor is a sole proprietor, partner, shareholder, or owner with an ownership interest of at least 25 percent is not eligible to receive payments from state funds under an agreement to provide property, materials, or services until all arrearages have been paid or the obligor is in compliance with a written repayment agreement or court order as to any existing delinquency. The Texas Family Code requires the following statement: “Under Section 231.006, Texas Family Code, the vendor or applicant certifies that the individual or business entity named in this contract, bid, or application is not ineligible to receive the specified grant, loan, or payment and acknowledges that this contract may be terminated and payment may be withheld if this certification is inaccurate.”

  • Certain Credit Support Events If (i) the L/C Issuer has honored any full or partial drawing request under any Letter of Credit and such drawing has resulted in an L/C Borrowing, (ii) as of the Letter of Credit Expiration Date, any L/C Obligation for any reason remains outstanding, (iii) the Borrower shall be required to provide Cash Collateral pursuant to Section 2.05 or 8.02(c), or (iv) there shall exist a Defaulting Lender, the Borrower shall immediately (in the case of clause (iii) above) or within one (1) Business Day (in all other cases) following any request by the Administrative Agent or the L/C Issuer, provide Cash Collateral in an amount not less than the applicable Minimum Collateral Amount (determined in the case of Cash Collateral provided pursuant to clause (iv) above, after giving effect to Section 2.15(a)(iv) and any Cash Collateral provided by the Defaulting Lender).

  • Credit Support Obligations (i) Delivery Amount, Return Amount and Credit Support Amount.

  • Credit Support A Credit Support Document between the Parties may apply to obligations governed by the Agreement. If the Parties have executed a Credit Support Document, such Credit Support Document shall be subject to the terms of the Agreement and is hereby incorporated by reference in the Agreement. In the event of any conflict between a Credit Support Document and the Agreement, the Agreement shall prevail, except for any provision in such Credit Support Document in respect of governing law.