Examples of Other Posted Support in a sentence
For purposes of Paragraph 8(a)(ii), the Secured Party may draw on any outstanding Letter of Credit (Other Posted Support) in an amount equal to any amounts payable by the Pledgor with respect to any Obligations.
Other Eligible Support and Other Posted Support, as specified in Paragraph 13.
For the purpose of Paragraphs 5(i)(C) and 5(ii), the Value of Posted Credit Support will be calculated as follows: (i) for cash collateral, the face value thereof and (ii) with respect to Other Eligible Support and Other Posted Support, an amount equal to the value as calculated pursuant to Paragraph 13(j)(i).
All transfers under this Deed of Other Eligible Support and Other Posted Support shall be made as follows: not applicable.
Party B represents to Party A that in connection with the delivery, issuance, renewal, substitution, or increase (as the case may be) which constitutes a Transfer of a Letter of Credit as Other Posted Support, such Letter of Credit is the legal, valid and binding obligation of the Issuer thereof, enforceable in accordance with its terms.
All transfers under this Deed of Other Eligible Support and Other Posted Support shall be made as follows: ..........................................................................................................
Deputy [d]Director of the Department of Motor Vehicles and the Administrator of the Division of Environmental Protection approve an application, thedeputy director shall cause the proposed grant to be submitted for approval by the Interim Finance Committee.
Other Posted Support provided by Party B for the benefit of Party A in the form of a Letter of Credit shall be subject to the following provisions.
Value” and “Transfer” with respect to Other Eligible Support and Other Posted Support each means: Not Applicable.
Other Eligible Support and Other Posted Support in the form of a Letter of Credit shall be subject to the following provisions: (1) Unless otherwise agreed in writing by the parties, each Letter of Credit shall be Transferred in accordance with the provisions of this Annex, and the Secured Party shall be the named beneficiary under each Letter of Credit.