Credit Support Provider definition

Credit Support Provider has the meaning specified in the Schedule.

Credit Support Provider means any person who has entered into any guarantee, hypothecation, agreement, margin or security agreement in our favour in respect of your obligations under this Agreement.

Credit Support Provider. With respect to any Series (or Class within such Series), the Person, if any, that will provide any Credit Support with respect to all or a portion of a Series or Class, as specified in the applicable Supplement.

Examples of Credit Support Provider in a sentence

• A representation or warranty when made or repeated or deemed to have been made or repeated by a Party to this Agreement or by its Credit Support Provider in a Credit Support Document proves to have been incorrect or misleading in any material respect when made or repeated or deemed to have been made or repeated, and such failure is not cured within twenty (20) Business Days of a written demand.

• If this § 27.2 is specified as applying in Section B of Part I (Individual Terms), as soon as it becomes aware of such decline, each Party shall promptly notify the other Party of the occurrence of a decline in its Tangible Net Worth or the Tangible Net Worth of its Credit Support Provider or Controlling Party, to a level below the amount specified in Section B of Part I (Individual Terms).

• If the Credit Rating of a Party's Credit Support Provider is withdrawn or downgraded below the Credit Rating specified in Section B of Part I (Individual Terms), such Party shall provide the other Party within five (5) Business Days a Credit Support Document which is to the satisfaction of the other Party from another Credit Support Provider with such Credit Rating or a higher Credit Rating.

More Definitions of Credit Support Provider

Credit Support Provider has the meaning given to it in the definition of Credit Support Document.

Credit Support Provider means in relation to Party A: Not applicable.

Credit Support Provider means in relation to Party B, none.

Credit Support Provider means any person defined as such in the Master Agreement;

Credit Support Provider means any person who has entered into any guarantee, hypothecation agreement, margin or security agreement in the Firm’s favour with respect to the Client’s obligations under these Terms;

Credit Support Provider means, with respect to Party B, each party to a Credit Support Document that provides or is obligated to provide security, a guaranty or other credit support for Party B’s obligations under this Agreement.

Credit Support Provider means in relation to Party A: Swiss Re. Credit Support Provider means in relation to Party B: None.