Examples of Credit Support Providers in a sentence
In the event that a Credit Rating of a Storage User or Credit Support Provider is withdrawn or downgraded or if other circumstances affect a Storage User's or Credit Support Provider's creditworthiness, the Storage User shall inform EKB accordingly without undue delay by email and by registered mail or courier.
Examples of when EKB's credit risk may increase include, with- out limitation, if (a) the Storage User acquires additional Booked Capacity Rights (including Short Term Capacity Rights) or (b) in EKB's reasonable opinion the Storage User's or Credit Support Provider's creditworthiness has deteriorated.
EKB shall be entitled to check a Storage User's and any Credit Support Provider's creditworthiness, in particular its Credit Rating, at any time.
To address each Party's risk relating to the creditworthiness of the other Party and to secure the prompt fulfilment of all obligations resulting from this Agreement, the Parties shall provide and maintain the Credit Support Document(s) from the Credit Support Provider(s) as specified in Section B of Part I (Individual Terms) throughout the Term for the benefit of the other Party.
For Credit Support Providers, the CET will undertake a similar process.
The Issuer may have the benefit of one or more Credit Support Documents made by the Credit Support Providers specified in the Supplemental Trust Deed.The Issuer may enter into one or more Option Agreements with the Option Counterparties and Option Guarantors specified in the Supplemental Trust Deed.
For purposes of this Transaction only, each of Cemex and Cemex Mexico, S.A. de C.V. shall be a Credit Support Provider in relation to Counterparty, and the Guarantee, dated as of December 13, 1999 and amended as of December 13, 2002, made by the Credit Support Providers in favor of Bank shall be a Credit Support Document in relation to Counterparty.
If specified in the Issue Memorandum, the Notes are issued with the benefit of one or more Credit Support Documents made by the Credit Support Provider(s) specified therein.
This Summary contains all the Elements required to be included in a summary for the Notes, the Issuer and the Credit Support Providers.
The corporate organization structure, capital structure and ownership of the Project Credit Support Providers, the Company and its Subsidiaries shall be satisfactory to each of the Bank Agent, the Representatives of the Underwriters and the FF&E Agent.