Common use of Margin Posting Clause in Contracts

Margin Posting. In order to comply with the non-cleared swap transaction margin posting requirements under ▇▇▇▇ ▇▇▇▇▇, the Borrower may utilize one of the following options, in consultation with and in the sole discretion of the Administrative Agent: (i) the Borrower may fund the required hedge collateral account through additional advances or allocation of available cash under Section 3.02(a)(xii), Section 3.02(b)(xi) or Section 3.02(c)(xi); (ii) through a capital contribution by the Seller to the Borrower or a deposit by the Seller or GreenSky to the required hedge collateral account; or (iii) in the event that neither the Borrower, the Seller nor GreenSky has already satisfied any required margin call, at the sole option of the Lenders, through a special advance to fund the required hedge collateral account to avoid a hedge termination event.

Appears in 1 contract

Sources: Warehouse Credit Agreement (GreenSky, Inc.)

Margin Posting. In order to comply with the non-cleared swap transaction margin posting requirements under ▇▇▇▇ ▇▇▇▇▇, the Borrower may utilize one of the following options, in consultation with and in the sole discretion of the Administrative Agent: : (i) the Borrower may fund the required hedge collateral account through additional advances or allocation of available cash under Section 3.02(a)(xii), Section 3.02(b)(xi) or Section 3.02(c)(xi); ; (ii) through a capital contribution by the Seller to the Borrower or a deposit by the Seller or GreenSky to the required hedge collateral account; or or (iii) in the event that neither the Borrower, the Seller nor GreenSky has already satisfied any required margin call, at the sole option of the Lenders, through a special advance to fund the required hedge collateral account to avoid a hedge termination event.. ARTICLE VII

Appears in 1 contract

Sources: Warehouse Credit Agreement (GreenSky, Inc.)