Margin Collateral definition

Margin Collateral has the meaning set forth in Section 5.6(e).

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Margin Collateral has the meaning set forth in Section 6.6(d). ▇▇▇▇-to-Market Exposure Amount means an amount calculated daily for the ▇▇▇▇ Supplier reflecting the exposure to the Companies due to fluctuations in market prices for Energy as set forth in Section 6.5, minus amounts due to such ▇▇▇▇ Supplier pursuant to

Margin Collateral has the meaning set forth in Section 6.4(d). ▇▇▇▇-to-Market Exposure Amount means an amount calculated daily for each SSO Supplier reflecting the exposure to the Companies due to fluctuations in market prices for Energy as set forth in Section 6.3, minus amounts due to such SSO Supplier pursuant to Section 8.1. The total ▇▇▇▇-to-Market Exposure Amount will be equal to 1.1 times the sum of the ▇▇▇▇-to-Market Exposure Amounts for each Billing Month during the Original Delivery Period limited to a rolling forward 24 month period starting from this Agreement's Effective Date, as applicable. Market Price Hub means a liquid pricing point located within PJM’s geographic footprint. Minimum Margin Threshold means $250,000. Minimum Rating means a minimum senior unsecured debt rating as defined in Section 6.4(a) of this Agreement.

Examples of Margin Collateral in a sentence

The Borrower shall be deemed to warrant to the Administrative Agent with each such delivery of securities that it has full legal power and authority to grant to the Administrative Agent a first security interest in the Margin Collateral consisting of Customer Securities.
No later than the close of business in Chicago, Illinois on the date of each request for a Margin Loan hereunder, the Borrower shall transfer into one or more of the Accounts Margin Collateral having a Market Value such that after giving effect to the requested Margin Loan the aggregate principal amount of all Margin Loans shall not exceed the Margin Borrowing Base as then determined and computed by the Bank.
All of the Margin Collateral shall be credited to one or more of the Accounts and shall be held by the Administrative Agent.
To secure the payment and performance of the Clearinghouse Margin Obligations, the Borrower hereby grants to the Bank, for the benefit of the Lenders, a continuing lien on and security interest in, and right of set-off against, all right, title, and interest of the Borrower, whether now owned or existing or hereafter created, acquired or arising, in and to all of the Clearinghouse Margin Collateral.
All of the Margin Collateral shall be at all times subject to the exclusive dominion and control of the Bank.
All of the Margin Collateral shall be credited to one or more of the Accounts and shall be held by the Bank.
To secure the payment and performance of the Margin Obligations, the Borrower hereby grants to the Bank a continuing lien on and security interest in, and right of set-off against, all right, title, and interest of the Borrower, whether now owned or existing or hereafter created, acquired or arising, in and to all of the Margin Collateral.
No later than the close of business in Chicago, Illinois on the date of each request for a Margin Loan hereunder, the Borrower shall transfer into one or more of the Accounts Margin Collateral having a Market Value such that after giving effect to the requested Margin Loan the aggregate principal amount of all Margin Loans shall not exceed the Margin Borrowing Base as then determined and computed by the Administrative Agent.
Unless and until notified by the Bank that the Borrower is not in compliance with the terms of this Agreement, (i) the Borrower shall be entitled to exercise all voting and/or consensual powers pertaining to the Margin Collateral or any part thereof, for all purposes not inconsistent with the terms of this Agreement; and (ii) the Borrower shall be entitled to receive and retain all cash interest and other distributions paid upon or in respect of the Margin Collateral.
In no event shall the Administrative Agent be liable to the Borrower or any other Person for the accuracy of the value of any item of the Margin Collateral, for any determinations regarding the eligibility of any securities for inclusion in the Margin Collateral or for determinations regarding the amount of any Obligation, except in the case of its gross negligence or willful misconduct.

More Definitions of Margin Collateral

Margin Collateral means Collateral (other than Shares) deposited into the Collateral Account pursuant to Section 2.08(a) subject to a valid and perfected First Priority Lien in favor of Agents and Lenders as of such time.

Margin Collateral means and includes (a) the Accounts, (b) all securities and other Property described in each borrowing request (including a Notice of Borrowing) delivered to the Administrative Agent pursuant to this Agreement, (c) all other securities or Property delivered or deliverable on the sale, exchange, collection, reclassification, conversion, merger or consolidation and other dispositions of or distributions on any of the foregoing, and (d) any and all proceeds thereof (including all income payable thereon), both cash and non-cash.

Margin Collateral has the meaning set forth in Section 6.6(e). Mark-to-Market Exposure Amount means an amount calculated daily for each SSO Supplier reflecting the exposure to the Companies due to fluctuations in market prices for Energy as set forth in Section 6.5, minus amounts due to such SSO Supplier pursuant to Section 8.1.

Margin Collateral means Collateral that is acceptable to OSPL in accordance with the SGX-ST Rules;

Margin Collateral means the collateral required by and acceptable to Bank in its sole and absolute discretion to meet the Margin Requirement and other requirements as set forth in this Addendum. Bank reserves the right to change the types or amounts of Margin Collateral deemed acceptable under the Credit Documents. “Margin Collateral Value” means, at any time, the fair market value of the Margin Collateral as determined by Bank in its sole and absolute discretion.

Margin Collateral. Any cash or Additional Assets transferred to Buyer under Section 4.01 or delivered to Buyer in satisfaction of the Liquidity Amount pursuant to Section 10.01(t) of this Agreement, including any Letter of Credit or any proceeds thereof.