Form of Collateral. When the Network User has to submit a collateral according to Articles 14.1.1 and 14.1.2, the Network User can choose to submit such collateral in one of the following forms (or a combination of such forms):
Form of Collateral. The Collateral shall be in the form, as Customer elects, of cash, of eligible securities of the U.S. Government (valued at the current market value), other securities issued by United States issuers as Broker shall accept, or of a combination thereof. Customer may substitute U.S. Government securities of equal or greater value upon prior approval by Broker, which approval shall not be unreasonably withheld. Upon receipt of such substitute securities and Written Notice of Broker's approval, IFTC shall cause Bank to release from the Safekeeping Account cash or securities of an equal value, or such lesser amount as may be directed by Customer. Separate interest payments on the Collateral shall be automatically credited by IFTC in Federal Funds to demand deposit accounts designated in Written Notice from Customer on the date that such interest becomes due and received unless Notice of Default has been given to IFTC pursuant to Paragraph 7. Amounts due on Assets which mature or are redeemed will be credited to the applicable Safekeeping Account in Federal Funds on the date such amounts are received.
Form of Collateral. When the Grid User has to submit a collateral according to Articles 14.1.1 and 14.1.2, the Grid User can choose to submit such collateral in one of the following forms (or a combination of such forms):
Form of Collateral. When Network User has to submit a Collateral according to Articles 7.1.1 and 7.1.2, Network User must submit an unconditional and irrevocable Bank Guarantee issued by a bank approved by the Financial Services & Markets Authority (or by an equivalent body in one of the Members States of the European Union) and which has an acceptable credit rating as specified in Article 7.1.1(ii). The Network User must demonstrate annually that the financial institution, or the equivalent body, still meets the requirements stipulated in Article 7.1.1 (ii) and has extended the Bank Guarantee’s term.
Form of Collateral. Collateral may be in the form of a letter of credit, a surety bond, or a cash deposit, subject to the requirements and restrictions of section 2-3-30 of the Weld County Code, as that section may be amended from time to time.
Form of Collateral. When the G rid UserN etwork User has to submit a collateral according to Articles 14.1.1 and 14.1.2, the G rid UserN etwork User can choose to submit such collateral in one of the following forms (or a combination of such forms):
Form of Collateral. When Network User has to submit a Collateral according to Articles 7.1.1 and 7.1.2, Network User must submit an unconditional and irrevocable Bank Guarantee issued by a bank approved by the Financial Services & Markets Authority (or by an equivalent body in one of the Members States of the European Union) and which has an acceptable credit rating as specified in Article 7.1.1(ii). The Network User must demonstrate annually that the financial institution, or the equivalent body, still meets the requirements stipulated in Article 7.1.1 (ii) and has extended the Bank Guarantee’s term. The Bank Guarantee has always to be valid until at least three (3) months in the future., If an irrevocable Bank Guarantee cannot be submitted, a cash deposit can be accepted as Collateral. If accepted, the Balancing Operator shall inform the competent Regulators. The Network User shall make the cash deposit on the bank account identified by the Balancing Operator and to such deposit in cash shall accrue a monthly interest that will be imputed or charged to the Network User, calculated as from the first day of the deposit. Said interests will be calculated in accordance with the average EURIBOR 1M (unfloored) less fifty (50) basis points. The average EURIBOR 1M will be calculated on the basis of all EURIBOR 1M starting on the day of the deposit until the day funds are returned.
Form of Collateral. Collateral must be provided by or on behalf of you in cash or other Collateral acceptable to us as determined by us in our sole and absolute discretion. You are obliged to maintain in your Account, at all times, sufficient funds to meet all Collateral requirements. In addition, we will be entitled to treat any assets deposited with us by you from time to time (other than assets deposited for safe custody only) as Collateral against your Collateral requirements. In all cases we will be entitled in our sole and absolute discretion to determine the value of any Collateral deposited with us. We are entitled to require payment of Collateral of you by telegraphic transfer or any other method of immediate/electronic funds transfer acceptable to us. Only funds received net of any bank charges, which relate to the transfer, will be credited as paid.
Form of Collateral. Cash and Cash Equivalents subject to a security interest in favor of the Collateral Agent minus the amount of all outstanding checks written against such amounts Eligible Assets Value minus Excess Concentration Amount The value of the Liquid Asset Amount shall be determined by reference to the most recently dated Compliance Certificate prepared by the Borrower pursuant to subsection 6.2(a) hereof; provided, however, that if Borrower fails to deliver a Compliance Certificate as and when required pursuant to subsection 6.2(a), the Administrative Agent has the right to set the Liquid Asset Amount based on a reasonable approximation using information actually available to it until such Compliance Certificate is delivered in compliance with this Agreement.
Form of Collateral. Collateral required by subparagraph (A) shall consist solely of assets of the appli- cant, any affiliate of the applicant, or both (whichever the Board considers appropriate), including primary assets to be used in the delivery of signals for which the loan is guaranteed.
