Examples of Support Provider in a sentence
Credit Support Provider means in relation to Party B: Not applicable.
Credit Support Provider means in relation to Party A: Not applicable.
Where a credit support otherwise ceases to be current or valid, whether by reason of the Credit Support Provider ceasing to meet the acceptable credit criteria or any other reason, the Market Participant must procure the replacement of that credit support so as to comply with its obligation to maintain aggregate undrawn current and valid credit support of not less than the current maximum credit limit for that Market Participant.
The failure by a party or any Credit Support Provider of such party to pay, when due, any Early Termination Amount will not constitute an Event of Default under Section 5(a)(i) or 5(a)(iii)(1) if such failure is due to the occurrence of an event or circumstance which would, if it occurred with respect to payment, delivery or compliance related to a Transaction, constitute or give rise to an Illegality or a Force Majeure Event.
All representations, covenants and agreements made herein by each of the Depositor, the Trustee and the Securities Intermediary are for the benefit and security of the Holders and, to the extent provided in the applicable Supplement, for the benefit and security of any Credit Support Provider or any other party as specified therein.