Required Liquid Credit Support Amount definition

Required Liquid Credit Support Amount means, at any given time, the aggregate undrawn amount of the Letter(s) of Credit required to be provided by Seller under Section 24.13(a) (before taking into account any Seller Parent Guaranty LC Reduction Amount).
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Required Liquid Credit Support Amount means, at any given time, the aggregate face amount of the Letter(s) of Credit required to be provided by Seller under Section 24.13(a), excluding the Lost ITC LC Amount, if any.
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Examples of Required Liquid Credit Support Amount in a sentence

  • There are three “Credit Events.” The first is if and when Seller or Seller Parent Guarantor (whichever’s creditworthiness has led to the reduction in the Required Letter of Credit Amount or the Required Liquid Credit Support Amount) does not have an Eligible Agency Rating that is “Acceptable” under the criteria provided above, unless an Eligible Agency Rating was not the basis for the “Acceptable” rating prior to the Credit Event.

  • A “Credit Event” will negate any reduction in the Required Letter of Credit Amount or the Required Liquid Credit Support Amount and require Seller to provide the full, unadjusted Required Letter of Credit Amount or Required Liquid Credit Support Amount.

  • At that point, subject to certain exceptions for BOT transactions provided in the Model BOT Agreement, and so long as Seller has provided to ETI a Seller Parent Guaranty that remains in full force and effect (if the Credit Event terminates after execution of the Definitive Agreement), Seller will be eligible to obtain the reduction in the Required Letter of Credit Amount or Required Liquid Credit Support Amount shown in Table 4 above.

  • At that point, subject to certain exceptions for BOT transactions provided in the Model BOT Agreement, Seller will be eligible to obtain the reduction in the Required Letter of Credit Amount or Required Liquid Credit Support Amount shown in Table 5 above.

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  • At that point, subject to certain exceptions for BOT transactions provided in the Model BOT Agreement, and so long as Seller has provided to EAL a Seller Parent Guaranty that remains in full force and effect (if the Credit Event terminates after execution of the Definitive Agreement), Seller will be eligible to obtain the reduction in the Required Letter of Credit Amount or Required Liquid Credit Support Amount shown in Table 4 above.

  • At that point, subject to certain exceptions for BOT transactions provided in the Model BOT Agreement, and so long as Seller has provided to ELL a Seller Parent Guaranty that remains in full force and effect (if the Credit Event terminates after execution of the Definitive Agreement), Seller will be eligible to obtain the reduction in the Required Letter of Credit Amount or Required Liquid Credit Support Amount shown in Table 4 above.

  • At that point, subject to certain exceptions for BOT transactions provided in the Model Solar BOT Agreement, and so long as Seller has provided to EML a Seller Parent Guaranty that remains in full force and effect (if the Credit Event terminates after execution of the Definitive Agreement), Seller will be eligible to obtain the reduction in the Required Letter of Credit Amount or Required Liquid Credit Support Amount shown in Table 4 above.

  • At that point, subject to certain exceptions for BOT transactions provided in the Model Solar BOT Agreement, and so long as Seller has provided to ELL a Seller Parent Guaranty that remains in full force and effect (if the Credit Event terminates after execution of the Definitive Agreement), Seller will be eligible to obtain the reduction in the Required Letter of Credit Amount or Required Liquid Credit Support Amount shown in Table 4 above.

Related to Required Liquid Credit Support Amount

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

  • 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:

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

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

  • Required Ratings Threshold means each of the S&P Required Ratings Threshold and the Moody’s Second Trigger Ratings Threshold.

  • 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), Paragraph 3(c)(ii) or Paragraph 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.

  • S&P Required Ratings Threshold means, with respect to Party A, the guarantor under an Eligible Guarantee or an Eligible Replacement, a long-term unsecured and unsubordinated debt rating from S&P of “BBB+”.

  • Original Applicable Credit Support Percentage With respect to each of the following Classes of Subordinated Certificates, the corresponding percentage described below, as of the Closing Date: Class B-1 % Class B-2 % Class B-3 % Class B-4 % Class B-5 % Class B-6 %

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

  • Credit Support Instrument" "Credit Support Provider"

  • Minimum Liquidity Amount shall have the meaning assigned to such term in the Pricing Side Letter.

  • Moody’s First Trigger Ratings Threshold means, with respect to Party A, the guarantor under an Eligible Guarantee or an Eligible Replacement, (i) if such entity has a short-term unsecured and unsubordinated debt rating from Moody’s, a long-term unsecured and unsubordinated debt rating or counterparty rating from Moody’s of “A2” and a short-term unsecured and unsubordinated debt rating from Moody’s of “Prime-1”, or (ii) if such entity does not have a short-term unsecured and unsubordinated debt rating or counterparty rating from Moody’s, a long-term unsecured and unsubordinated debt rating or counterparty rating from Moody’s of “A1”.

  • Mid-Swap Floating Leg Benchmark Rate means EURIBOR (if the Specified Currency is euro), LIBOR for the Specified Currency (if the Specified Currency is U.S. dollars, Pounds Sterling or Swiss Francs), CIBOR (if the Specified Currency is Danish Kroner), NIBOR (if the Specified Currency is Norwegian Kroner), STIBOR (if the Specified Currency is Swedish Kronor) or (in the case of any other Specified Currency) the benchmark rate most closely connected with such Specified Currency and selected by the Calculation Agent in its discretion after consultation with the Issuer;

  • Moody’s Second Trigger Ratings Threshold means, with respect to Party A, the guarantor under an Eligible Guarantee or an Eligible Replacement, (i) if such entity has a short-term unsecured and unsubordinated debt rating from Moody’s, a long-term unsecured and unsubordinated debt rating or counterparty rating from Moody’s of “A3” and a short-term unsecured and unsubordinated debt rating from Moody’s of “Prime-2”, or (ii) if such entity does not have a short-term unsecured and unsubordinated debt rating from Moody’s, a long-term unsecured and unsubordinated debt rating or counterparty rating from Moody’s of “A3”.

  • Minimum Credit Enhancement Test With respect to any Payment Date, a test that will be satisfied if the Subordinate Percentage is greater than or equal to 6.00%.

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

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

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

  • Highest Credit Rating Available The highest rating category (disregarding any plus or minus or any numerical or other subcategory) of any Rating Agency. Holders: All of the Certificateholders.

  • Applicable Liquidity Rate has the meaning specified in Section 3.07(g).

  • Required Amount shall have the meaning set forth in Section 4.8.

  • Eligible Investment Required Ratings A long-term debt rating of at least “A+” by S&P or a long-term debt rating of at least “A” by S&P and a short-term debt rating of at least “A-1” by S&P.

  • Cash Liquidity means, with respect to any Person, on any date of determination, the sum of (i) unrestricted cash, plus (ii) Available Borrowing Capacity, plus (iii) Cash Equivalents.

  • Required Cash Collateral Amount shall have the meaning provided in Section 3.7(c).