Replacement Credit Support definition

Replacement Credit Support has the meaning set forth in Section 6.7.
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Replacement Credit Support means bonds, guarantees, letters of credit, cash deposits, and other amounts, obligations or instruments to be furnished by Buyer at Closing sufficient to replace and obtain the release of the Existing Credit Support.
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Replacement Credit Support has the meaning set forth in Section 4 hereof.
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Examples of Replacement Credit Support in a sentence

  • Purchaser shall pay any and all fees, expenses, deposits or other amounts under or in connection with any Replacement Credit Support Arrangements.

  • SE Corp shall, and shall cause its Affiliates to, provide reasonable cooperation to SEP in connection with SEP’s efforts to obtain each Replacement Credit Support pursuant to this Section 6.7.

  • For cases requiring modified isolation, title 17, California Code of Regulations, section 2516, requires the health department to issue appropriate instructions, prescribing the isolation technique to be followed.

  • Assignor shall remain liable to Southern for the performance of all obligations under the Assigned Agreement; provided, however, when Assignee has delivered to Southern its Replacement Credit Support (the “Release Condition”) and the other Closing requirements have been satisfied, then Assignor (but not Assignee) shall be fully and unconditionally released from any and all obligations arising under the Assigned Agreement without any further action by any Person.

  • Simultaneously with the Closing, Assignee shall deliver to Southern the Replacement Credit Support, and, upon the Closing and Southern’s receipt and acceptance of the Replacement Credit Support, Southern will release and return to Assignor the Existing Credit Support.

  • The other Party shall return the original Credit Support to the Party causing the Replacement Credit Support to be issued within five (5) Business Days after receipt of the Replacement Credit Support.

  • Such arrangement is referred to herein as the “ Credit Support Arrangement .” At or prior to Closing, Buyer shall arrange for Buyer or one of its Affiliates to be substituted as the obligor thereof, obtaining from the creditor a full release of Seller or its Affiliates (the foregoing arrangement is referred to as the “ Replacement Credit Support Arrangement”).

  • Buyer shall tender replacement credit support instruments (the Replacement Credit Support) at the Closing that fully satisfy the obligations of Sellers, or of any Affiliate of Sellers in support thereof, to provide the Seller Credit Support.

  • Buyer shall take all action necessary during the Pre-Closing Period to ensure that such Replacement Credit Support will be available at Closing, including delivering drafts of letters of credits and guarantees and providing credit and other necessary information to Sellers and the intended beneficiary of such Replacement Credit Support, as soon as reasonably possible after the Agreement Date.

  • SPAC shall have provided evidence that (i) all Replacement Credit Support has been put in place and will become effective as of the Closing and (ii) all existing credit support shall have been released at the Closing, in each case to the Company’s reasonable satisfaction.


More Definitions of Replacement Credit Support

Replacement Credit Support means, in respect of Ineligible Credit Support that was delivered pursuant to Paragraph 11(h)(iv), Eligible CSA Collateral with a Value equal to the Value of the Ineligible Credit Support on the Exchange Date. For the avoidance of doubt, Replacement Credit Support shall not comprise Ineligible Credit Support.
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Replacement Credit Support means a Letter of Credit in the amount of the Letter of Credit Amount calculated as of the Closing Date.
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Replacement Credit Support means, collectively, the Credit Support replaced by Rev on or prior to the Contribution Date for each applicable Contributor Subsidiary.
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Related to Replacement Credit Support

  • QFC Credit Support has the meaning specified in Section 11.21.

  • Substitute Credit Support has the meaning specified in Paragraph 4(d)(i).

  • Credit Support Instrument" "Credit Support Provider"

  • credit supporter means a person or company that provides a guarantee or alternative credit support for any of the payments to be made by an issuer of securities as stipulated in the terms of the securities or in an agreement governing rights of, or granting rights to, holders of the securities;

  • Fitch Credit Support Amount means, for any Valuation Date, the excess, if any, of:

  • S&P Credit Support Amount means, for any Valuation Date, the excess, if any, of:

  • Credit Support Balance means, with respect to a Transferor on a Valuation Date, the aggregate of all Eligible Credit Support that has been transferred to or received by the Transferee under this Annex, together with any Distributions and all proceeds of any such Eligible Credit Support or Distributions, as reduced pursuant to Paragraph 2(b), 3(c)(ii) or 6. Any Equivalent Distributions or Interest Amount (or portion of either) not transferred pursuant to Paragraph 5(c)(i) or (ii) will form part of the Credit Support Balance.

  • Credit Support Amount has the meaning specified in Paragraph 3.

  • Credit Support Instrument The instrument or document pursuant to which the Credit Support for a given Series (or Class within such Series) is provided, as specified in the applicable Supplement.

  • Eligible Credit Support means Eligible Collateral and Other Eligible Support.

  • Credit Support Instruments has the meaning set forth in Section 3.01(a).

  • Replacement Provider has the meaning set forth in Section II.D.1.

  • Credit Support Depletion Date The first Distribution Date on which the Certificate Principal Balances of the Subordinate Certificates have been reduced to zero.

  • Credit Support Provider has the meaning specified in the Schedule.

  • Senior Credit Support Depletion Date The date on which the Class Certificate Balance of each Class of Subordinated Certificates has been reduced to zero.

  • Replacement Liquidity Facility has the meaning set forth in the Intercreditor Agreement.

  • Original Applicable Credit Support Percentage With respect to each Class of Subordinate Certificates, the corresponding percentage set forth opposite its Class designation: Class B-1 - 3.10%; Class B-2 - 2.05%; Class B-3 - 1.25%; Class B-4 - 0.80%; Class B-5 - 0.55%; and Class B-6 - 0.35%.

  • Collateral Enhancement Obligation means any warrant or equity security, excluding Exchanged Equity Securities, but including without limitation, warrants relating to Mezzanine Obligations and any equity security received upon conversion or exchange of, or exercise of an option under, or otherwise in respect of a Collateral Debt Obligation; or any warrant or equity security purchased as part of a unit with a Collateral Debt Obligation (but in all cases, excluding, for the avoidance of doubt, the Collateral Debt Obligation), in each case, the acquisition of which will not result in the imposition of any present or future, actual or contingent liabilities or obligations on the Issuer other than those which may arise at its option; provided that no Collateral Enhancement Obligation may be a Dutch Ineligible Security.

  • Credit Enhancement Agreement means the Agreement among the Sellers, the Master Servicer, the Trustee and the Credit Enhancement Provider with respect to the Credit Enhancement.

  • Replacement Loans has the meaning specified in Section 10.01.

  • Replacement Letter of Credit means any letter of credit issued pursuant to a Replacement Revolving Facility.

  • Replacement Benchmark means a benchmark rate which is:

  • Liquidity Facility Provider means a Person that is a party to a Liquidity Facility with the Authority with respect to specified Bonds and whose credit rating by each nationally recognized Rating Agency then rating the Class I Bonds is sufficiently high to maintain the then current rating on such Bonds by such Rating Agency or the equivalent of such rating by virtue of guarantees or insurance arrangements.

  • Credit Support Annex means the Credit Support Annex annexed to this Agreement.

  • Replacement Liquidity Provider has the meaning set forth in the Intercreditor Agreement.

  • Credit Enhancement Provider means, with respect to any Securities, any person issuing, funding or otherwise making available, for the benefit of Securityholders or any party to a Serviced Corporate Trust Contract, an asset as an enhancement of the credit quality or liquidity of any Securities or the mortgage assets or other assets pledged for or underlying such Securities, such as a letter of credit, surety bond, insurance policy, guaranty, reserve fund pledge or collateral undertaking.