Posting Party definition

Posting Party has the meaning specified in Section 6.1.

Posting Party means, at any time, the Party required to post, or that has posted, Performance Assurance to, or for the benefit of, the Beneficiary Party.

Posting Party is defined in Paragraph 3. It is possible for either Party to be a Posting Party at some times and a Secured Party at other times and also possible for a Party to be both a Posting party and a Secured Party at the same time. “Posting Party” shall mean the Party required to deliver Eligible Collateral and “Secured Party” shall mean the Party entitled to receive Eligible Collateral pursuant to Paragraph 3 as the context requires.

Examples of Posting Party in a sentence

• To the extent a Party requires Performance Assurance and/or has received a credit support document under this Agreement, then the Posting Party hereby grants to the Secured Party a present and continuing security interest in same.

• Collateral that is drawn upon by a Secured Party shall not relieve the Posting Party of the obligation to post in full, as of the next Posting Deadline, any and all Collateral required in satisfaction of its then-current Collateral Requirement, if any.

• All Collateral drawn by a Secured Party shall be applied toward satisfaction of the obligations of the Posting Party to the Secured Party under this Agreement.

• Unless (i) an Event of Default has occurred and is continuing where the Posting Party is the Defaulting Party, (ii) a Potential Event of Default exists where the Posting Party is the potentially Defaulting Party, or (iii) an Early Termination has occurred or been designated with respect to the Posting Party pursuant to which the Posting Party has not satisfied all Obligations, the Posting Party may substitute Performance Assurance for existing Performance Assurance of equal value.

• The cost and expense of compliance (including, but not limited to, the reasonable costs, expenses, and attorneys’ fees of the Beneficiary Party and, if applicable, the LC Issuer) shall be the sole obligation of, and paid directly by, the Posting Party.

More Definitions of Posting Party

Posting Party means the Party required to deliver Eligible Collateral and “Secured Party” shall mean the Party entitled to receive Eligible Collateral pursuant to Paragraph 3 as the context requires.

Posting Party means a Party that is obligated to post, or posts, Collateral under this Agreement.

Posting Party means a Party that is obligated to post, or posts, Collateral under this Agreement. “Pre-COD Settlement Amount” has the meaning set forth in Section 5.2.

Posting Party means one of the following:

Posting Party has the meaning specified in Section 4(b)(iv).

Posting Party means the Party required to post Performance Assurance in accordance with Clause 9.

Posting Party means a Party who is obligated to procure, post, or pay Security for a