Security Interest for Clause Samples
Security Interest for. “Obligations”. The term “Obligations” as used in this Annex includes the following additional obligations: With respect to Party A: not applicable. With respect to Party B: not applicable.
Security Interest for. “Obligations”. The term “Obligations” as used in this Annex includes no additional obligations of Secured Party and, for purposes of the definition of Obligations in Paragraph 12, includes no additional obligations of Pledgor.
Security Interest for. “Obligations”. The term “Obligations” as used in the Credit Support Annex includes the following additional obligations: With respect to Party A: “Obligations” includes all obligations of Party A under this Confirmation Letter and any other Fixed Price Customer Supply Contracts. The definition of “Exposure” in the Credit Support Annex is amended to include not only the Exposure under this Confirmation Letter, but the total credit exposure (the “Total Exposure Amount”) of Party B, on an aggregate basis, consisting of the sum of: (i) the Exposure amount (however calculated under this Confirmation Letter and any other Fixed Price Customer Supply Contracts, including an amount calculated each Business Day reflecting the Settlement Amount that would be owed to Party B on such day if Party A had defaulted under such Fixed Price Customer Supply Contract) calculated by Party B in a commercially reasonable manner; provided, that if a Fixed Price Customer Supply Contract does not include provisions for margining mark-to-market exposure, then such Fixed Price Customer Supply Contract will not be included for purposes of this calculation; and (ii) any amount required as security from Party A pursuant to any Fixed Price Customer Supply Contract that is not collateral posted as margin and treated as part of any Exposure amount; provided, however, that in the event the Total Exposure Amount for any day is a negative number, the Total Exposure Amount shall be deemed to be zero for such day. Any collateral or security previously posted by Party A under this Confirmation Letter or any other Fixed Price Customer Supply Contract will be netted against the Total Exposure Amount when determining collateral requirements.
Security Interest for. OBLIGATIONS". The term "Obligations" as used in this Annex includes no "additional obligations" within the meaning of Paragraph 12.
Security Interest for. “Obligations”.
Security Interest for. “Obligations”. The term “Obligations” as used in the CSA includes no additional obligations with respect to any party.