Required Credit Support definition

Required Credit Support means credit support provided to ELC pursuant to Article XXVII.
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Required Credit Support shall have the meaning set forth in Section 7.9.
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Examples of Required Credit Support in a sentence

  • Charge Liability means the sum of an amount reasonably estimated by the Distributor at the time of a request under clause 4.9(a) or at the date on which the Distributor recalculates the Required Credit Support Amount under clause 4.9(d) or clause 4.9(e) to be 90 days’ forecast invoiced Charges and the amount of any Charge on which interest must be paid under clause 4.7(c) at the time of the request.

  • Distributor at the time of a request by the Distributor under clause 7.10(a) or at the date on which the Distributor recalculates the Required Credit Support Amount under clause 7.10(d) or (e) which is equal to the Retailer’s average billed and unbilled Distribution Service Charges Liability calculated as follows: (A x 2/3) + B + C where, A= 90 days forecast monthly billed Distribution Service Charges relating to Customers of the Retailer.

  • The data for the two countries according to Zou had features that were so different requiring a different application of empirical methods for analysis.

  • For the purposes of the Foundation Capacity Agreement, the Security Amount, being, save as otherwise provided in Clause 3.2.3.2(a) and 3.2.4.4 one third (1/3) of the aggregate amount of all Service Charges and Monthly Grid Charges which are estimated by the Operating Company to be payable by the Customer during the period of twelve (12) months following the date such Required Credit Support is to be provided, as adjusted on an annual basis in accordance with Clause 3.1.1.1(c) and/or Clause 3.2.3.2(a).

  • The Required Credit Support Amount shall initially (as of the first Link Effective Date) be US $• with respect to Credit Support to be provided by Eurex Clearing and EUR • with respect to Credit Support to be provided by The Clearing Corporation, and shall not be decreased within the first six (6) months from the first Link Effective Date.

  • If not, or if you have refused a request for Schedule 3 terms, why not / why refused?We implemented our approved Schedule 3 Alternative Credit Arrangement in April 2019, which allows a fixed discount to the Required Credit Support according to the retailer credit score where the score is 7 or above.

  • GLNG shall, at its sole cost, maintain in full force and effect any letter(s) of credit, guarantee(s) or other credit support currently being maintained in respect of any Required Credit Support.

  • Either Party may terminate this Agreement upon notice to the other Party in the event that the Parties fail to reach an agreement on the Required Credit Support Amount in accordance with the dispute resolution procedure set forth in Section 7(d)(iv).

  • For the avoidance of doubt, a Transit Shipper’s Required Level of Credit Support shall be calculated solely in accordance with section 13.2.3. Duration of Required Credit Support Comment [SKE 22]: A clause along these lines is required to ensure that Shippers maintain their credit support in case of a reconciliation adjustment which requires them to pay more (in the year end bullet payment).

  • The par- ticipant argument slot of BE-PART is to be filled by an intensional property P —corresponding to an indefinite NP.

Related to Required Credit Support

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

  • 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;

  • Credit Support Instrument" "Credit Support Provider"

  • 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.

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

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

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

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

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

  • Credit Support Pledge Agreement The Credit Support Pledge Agreement, dated as of November 24, 1998, among the Master Servicer, GMAC Mortgage Corporation, Combined Collateral LLC and The First National Bank of Chicago (now known as Bank One, National Association), as custodian.

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

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

  • 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 Amount has the meaning specified in Paragraph 3.

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

  • 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.

  • Applicable Collateral Agent means (i) until the earlier of (x) the Discharge of Credit Agreement and (y) the Non-Controlling Representative Enforcement Date, the Credit Agreement Collateral Agent and (ii) from and after the earlier of (x) the Discharge of Credit Agreement and (y) the Non-Controlling Representative Enforcement Date, the Collateral Agent for the Series of First Lien Obligations represented by the Major Non-Controlling Representative.

  • Credit Support Document means any agreement or instrument that is specified as such in this Agreement.

  • Credit Support Default provisions of Section 5(a)(iii) will apply to Party A and will not apply to Party B.

  • 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.

  • Reversed Credit Event Reference Obligation With respect to any Payment Date means a Reference Obligation formerly in the Reference Pool that became a Credit Event Reference Obligation in a prior Reporting Period that is found in the related Reporting Period, through Xxxxxxx Mac’s quality control process, to have an Underwriting Defect or a data correction that invalidates the previously determined Credit Event.

  • Credit Enhancement Agreements means, collectively, any documents, instruments, guarantees or agreements entered into by the Issuer, any of its Restricted Subsidiaries or any Securitization Entity for the purpose of providing credit support (that is reasonably customary as determined by Issuer’s senior management) with respect to any Permitted Funding Indebtedness or Permitted Securitization Indebtedness.

  • Credit Enhancement means any credit enhancement or credit support arrangement in support of the obligations of Dealer under or with respect to this Confirmation, including any guarantee, collateral arrangement (including any pledge, charge, mortgage or other security interest in collateral or title transfer arrangement), trust or similar arrangement, letter of credit, transfer of margin or any similar arrangement.

  • 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%.

  • Applicable Credit Support Percentage As defined in Section 4.02(e).

  • 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.