Invalidation Term definition

Invalidation Term is defined in the Confirmation for each Offset Credit Transaction.
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Invalidation Term means (a) the period from the Transaction Date through the later of (i) the last day of the Invalidation Period or (ii) the last day of the Delivery Term; or (b) for Replacement Product, the period from the date of Delivery of Offset Credits provided in accordance with Special Provision 5(b) (Replacement Product) through and including the last day of the period during which the Offset Credit may be invalidated pursuant to the Cap-and-Trade Regulations.
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Invalidation Term means the period from the Transaction Date through the later of (a) the last day of the Invalidation Period or (b) the last day of the Delivery Term.
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Examples of Invalidation Term in a sentence

  • The obligations under this Section shall survive termination or expiration of each Transaction for a period of the later of two (2) years or the end of the Invalidation Term, if applicable to Offset Credits Delivered to Party A pursuant to a Terminated Transaction.

  • Following Delivery of the Offset Credit and for the entire Invalidation Term, the Invalidation Security Amount will be added to the Agreement Exposure calculation in accordance with Section 4.1(a)(ii).

  • Following Delivery of the Offset Credit, the Invalidation Security Amount will be added to the Agreement Exposure calculation in accordance with Paragraph 4.1(a)(iii) till Party B has fulfilled all the obligations and liabilities in the Invalidation Term.

  • Following Delivery of the Offset Credit and for the entire Invalidation Term, the Invalidation Security Amount will be added to the Agreement Exposure calculation in accordance with Paragraph 4.1(a)(iii).

  • Party B must maintain Invalidation Security as Performance Assurance for the duration of the Invalidation Term for each Offset Credit Transaction.

  • Following Delivery of the Offset Credit and for the entire Invalidation Term, the Invalidation Security Amount will be added to the Agreement Exposure calculation in accordance with Paragraph 4.1(a)(ii).

  • The rights, obligations and liabilities under the Credit Support Addendum shall survive termination of this Master Agreement until the end of the Invalidation Term applicable to Offset Credits Delivered to Party A pursuant to a Terminated Transaction(s).