Underlying Credit Enhancement Obligations definition

Underlying Credit Enhancement Obligations means (A) those Contracts to which any Company is a party or is bound (as in effect as of the Closing, as such Contract may be amended, supplemented, extended, renewed or replaced without giving effect to any changes in respect of the obligations to provide Credit Enhancements thereunder which are adverse to Stockholder), (B) Network Rules or (C) applicable Laws, in each case, which require the counterparty to provide Credit Enhancements.”

Examples of Underlying Credit Enhancement Obligations in a sentence

  • Any new Credit Enhancements shall be issued by a qualified issuing bank (a “Qualified Issuing Bank”) on behalf of Stockholder in support of the Underlying Credit Enhancement Obligations.

Related to Underlying Credit Enhancement Obligations

  • Credit Enhancement means, with respect to this Agreement, any credit enhancement or other credit support arrangement in support of the obligations of the Company hereunder or with respect hereto, including any guarantee, collateral arrangement (including any pledge, charge, mortgage or other security interest in collateral or title transfer arrangement), trust or similar arrangement, letter of credit, transfer of margin, reimbursement obligation or any similar arrangement.

  • Credit Enhancements means surety bonds, insurance policies, letters of credit, guarantees and other

  • Credit Enhancement Provider means, with respect to any Securities, any person issuing, funding or otherwise making available, for the benefit of Securityholders or any party to a Serviced Corporate Trust Contract, an asset as an enhancement of the credit quality or liquidity of any Securities or the mortgage assets or other assets pledged for or underlying such Securities, such as a letter of credit, surety bond, insurance policy, guaranty, reserve fund pledge or collateral undertaking.

  • Swap Agreement Obligations means any and all obligations of the Loan Parties and their Subsidiaries, whether absolute or contingent and howsoever and whensoever created, arising, evidenced or acquired (including all renewals, extensions and modifications thereof and substitutions therefor), under (a) any Swap Agreement permitted hereunder with a Lender or an Affiliate of a Lender, and (b) any cancellations, buy backs, reversals, terminations or assignments of any Swap Agreement transaction permitted hereunder with a Lender or an Affiliate of a Lender.

  • Secured Cash Management Obligations means Obligations under Secured Cash Management Agreements.