Posted Collateral definition

Posted Collateral means all Eligible Collateral, other property, Distributions, and all proceeds thereof that have been Transferred to or received by the Secured Party under this Annex and not Transferred to the Pledgor pursuant to Paragraph 3(b), 4(d)(ii) or 6(d)(i) or released by the Secured Party under Paragraph 8. Any Interest Amount or portion thereof not Transferred pursuant to Paragraph 6(d)(ii) will constitute Posted Collateral in the form of Cash.

Posted Collateral means all Eligible Collateral and all proceeds thereof that have been Transferred to or received by the Secured Party under this CSA and not Transferred to the Pledgor or released by the Secured Party. Any interest amount or portion thereof not Transferred will constitute Posted Collateral in the form of Cash.

Posted Collateral means all Credit Support and all proceeds thereof that have been Transferred to or received by a Party under this Agreement and not Transferred to the Party providing the Credit Support or released by the Party holding the Credit Support. Any Interest Amount or portion thereof not Transferred will constitute Posted Collateral in the form of Cash.

Examples of Posted Collateral in a sentence

• Notwithstanding anything to the contrary in Paragraph 6(b) of this Annex, any Posted Collateral shall be held by the Custodian in the Collateral Account (as hereinafter defined).

• The Transfer of the Interest Amount will be made no later than on the first Local Business Day of each calendar month and on any Local Business Day that Posted Collateral in the form of Cash is Transferred to the Pledgor pursuant to Paragraph 3(b) of this Annex; provided that the Trust shall not be obligated to transfer any Interest Amount unless and until it has earned and received the related Interest Amount.

• The “Interest Rate” will be the actual rate earned on Posted Collateral in the form of Cash.

• Each party, as the Pledgor, hereby pledges to the other party, as the Secured Party, as security for its Obligations, and grants to the Secured Party a first priority continuing security interest in, lien on and right of Set-off against all Posted Collateral Transferred to or received by the Secured Party hereunder.

• A Secured Party that fails to make, when due, any Transfer of Posted Collateral or the Interest Amount will be obligated to pay the Pledgor (to the extent permitted under applicable law) an amount equal to interest at the Default Rate multiplied by the Value of the items of property that were required to be Transferred, from (and including) the date that Posted Collateral or Interest Amount was required to be Transferred to (but excluding) the date of Transfer of that Posted Collateral or Interest Amount.

More Definitions of Posted Collateral

Posted Collateral means all amounts delivered to or received by Buyer as the Performance Guarantee Deposit. All Posted Collateral shall be in the form of Cash.

Posted Collateral means the aggregate amount of all Acceptable Collateral transferred or delivered by or on behalf of the Generator in accordance with the Contract for Difference from time to time to the extent that the same has not been: (i) returned to the Generator by or on behalf of the CfD Counterparty pursuant to the provisions of Part 13 (Credit Support); or (ii) subject to a Posted Collateral Demand;

Posted Collateral. As defined in the Swap Agreement or the Corridor Contracts, as applicable.

Posted Collateral has the meaning given in paragraph 5.4;

Posted Collateral means, in relation to the Credit Support Deed, all Eligible Collateral, other property, distributions and all proceeds thereof that have been transferred by the Swap Counterparty to the Issuer (or otherwise received by the Issuer) under such Credit Support Deed and not retransferred to the Swap Counterparty in accordance with the terms of the Credit Support Deed or realised by the Issuer pursuant to the enforcement of the security in favour of the Issuer created under such Credit Support Deed.

Posted Collateral means all Eligible Collateral, other property, Distributions, and all proceeds thereof that have been Transferred to or received by the Secured Party under this Annex and not Transferred to the Pledgor pursuant to Paragraph 3(b), 4(d)(ii) or 6(d)(i) or released by the Secured Party under Paragraph 8. Any Interest Amount or portion thereof not Transferred pursuant to Paragraph 6(d) (ii) will constitute Posted Collateral in the form of Cash.

Posted Collateral means collateral, including, without limitation, cash, surety bonds, and letters of credit, posted by any Debtor (or by BP on behalf of any Debtor) to any independent system operator, regional transmission operator, utility, local distribution company, state public utility commission or similar governing body, or other beneficiary.