Support Agency definition
Examples of Support Agency in a sentence
To be eligible to use the Alternative Unsecured Allowance as set out in this Agreement, the Contracting Retailer shall at all times; hold and maintain a Nominated Credit Support Agency Rating of 5A/1 or 5A/2; and hold and maintain a Low, Low-Moderate or Moderate Overall Business Risk.
The Environmental Response Trust’s duties to conduct Environmental Actions at a Property shall terminate when (i) the Lead Agency and Support Agency for the Property agrees in writing; or (ii) the purchaser of the Property agrees to assume responsibility for all Environmental Actions with respect to the Property in conformity with all applicable provisions of this Agreement and the Settlement Agreement.
If the above criteria are met, the Lead Agency and the Support Agency shall not object to the Administrative Trustee transferring the funds associated with the purchaser’s cleanup out of the Minimum Estimated Property Funding Account or Reserve Property Funding Account.
Prior to reducing the Reserve Property Funding Account for a particular Property, the Trustee must provide thirty days’ advance written notice to the Lead Agency and the Support Agency for the Property, setting forth the basis for reducing the funding.
If the Lead Agency or the Support Agency disputes the Administrative Trustee’s proposed reduction, and the parties are unable to resolve the dispute, then the Administrative Trustee may petition the Bankruptcy Court to allow the reduction.