Collateral Annex definition
Examples of Collateral Annex in a sentence
The following constitutes changes and elections in the Cover Sheet to Paragraph 10 to the Collateral Annex and are the Paragraph 10 Elections referenced in the Collateral Annex.
The Paragraph 10 to the Collateral Annex is attached as Exhibit E.
For purposes of the definitions contained in the Master Agreement and the Collateral Annex, this Confirmation Agreement shall constitute a “Transaction”, “Confirmation”, the “Cover Sheet”, “Other Changes” and the “Paragraph 10 Cover Sheet”.
Section 2.2 is amended by deleting the last sentence of the section and replacing it with the following: “Any inconsistency between any terms of this Master Agreement and any terms of the Confirmation Agreement or terms of the Collateral Annex, as may be modified in this Confirmation Agreement, shall be resolved in favor of the terms of this Confirmation Agreement or such Collateral Annex.”.
The Master Agreement, together with the exhibits and any written supplements hereto, the Confirmation Agreement, the Party A Tariff, if any, the Party B Tariff, if any, and any designated collateral, credit support or margin agreement or similar arrangement between the Parties (including the Collateral Annex, the Form of Guaranty and the Irrevocable Standby Letter of Credit Forms) shall be referred to as the “Agreement” or the “Confirmation Agreement”.
The Master Agreement, together with the exhibits and any written supplements hereto, the Confirmation Agreement, the Party A Tariff, if any, the Party B Tariff, if any, and any designated collateral, credit support or margin agreement or similar arrangement between the Parties (including the Collateral Annex, the Form of Guaranty and the Form of Letter of Credit) shall be referred to as the “Agreement” or the “Confirmation Agreement”.
The obligations of each Party under the Agreement shall be secured in accordance with the provisions of this Collateral Annex, which, except as provided below, sets forth the exclusive conditions under which a Party will be required to Transfer Performance Assurance in the form of Cash, a Letter of Credit or other property as agreed to by the Parties, as well as the exclusive conditions under which a Party will release such Performance Assurance.
This Collateral Annex supersedes and replaces in its entirety Section 4.3 of the Agreement and the defined terms used therein to the extent that such terms are otherwise defined and used in this Collateral Annex.
Capitalized terms used in this Collateral Annex but not defined herein shall have the meanings given such terms in the Agreement.
The Parties further agree that for the purposes of calculating the Collateral Requirement pursuant to Paragraph 3 of the Collateral Annex, the Current Mark-to-Market Value for this Transaction is deemed to be zero.