Examples of Credit Support in a sentence
TFSC agrees in its Credit Support Agreements with the Company to make available to the Company funds sufficient to make its payment obligations on securities issued by it and agrees to ensure that the Company always has at least €100,000 in tangible net worth, so long as the Company has securities outstanding.
During the continuance of an Event of Default by either Party hereunder, the non- defaulting Party shall have the right (i) to accelerate all amounts owing between the Parties, (ii) to cease making payments that are or may become due hereunder, (iii) to terminate this Agreement at any time during the continuation of such Event of Default, and (iv) to draw upon any Credit Support provided for in Article 5.
The Investment Manager intends to minimise counterparty performance risk by only selecting counterparties with a good credit rating and by monitoring any changes in those counterparties’ ratings.Additionally, these transactions are only concluded on the basis of standardised framework agreements (ISDA with Credit Support Annex).