Third Party Credit Support Document definition
Examples of Third Party Credit Support Document in a sentence
With respect to ▇▇▇▇▇▇, if applicable, any Third Party Credit Support Document delivered by ▇▇▇▇▇▇ shall constitute a Credit Support Document.
With respect to ▇▇▇▇▇▇, the party guaranteeing ▇▇▇▇▇▇’▇ obligations pursuant to a Third Party Credit Support Document, if any, shall be a Credit Support Provider.
Notwithstanding the foregoing, ▇▇▇▇▇▇’▇ obligations under this Part 5(10)(II) to find a transferee or provide a Third Party Credit Support Document and to post Eligible Collateral under the Approved Credit Support Document shall remain in effect only for so long as a Ratings Event II is continuing with respect to ▇▇▇▇▇▇.
If, on or prior to the date that is 30 calendar days after the occurrence of a Ratings Event I, ▇▇▇▇▇▇ has provided a Third Party Credit Support Document as provided in I(A) above and the Rating Agency Condition has been satisfied, then, for so long as such Third Party Credit Support Document is in effect and the Rating Agency Condition continues to be satisfied, ▇▇▇▇▇▇ shall have no further obligations in respect of this Part 5(10)(I).
Notwithstanding ▇▇▇▇▇▇’▇ posting of Eligible Collateral in accordance with the terms of the Approved Credit Support Document, ▇▇▇▇▇▇ shall use best efforts to either transfer its rights and obligations to an acceptable third party or to provide a Third Party Credit Support Document.
Credit Support Provider means in relation to Party A, a party who is a credit support provider under any Third Party Credit Support Document.
If, on or prior to the date that is 30 calendar days after the occurrence of a Ratings Event, [Bank] has provided a Third Party Credit Support Document as provided in I(A) above and the Rating Agency Condition has been satisfied, then, for so long as such Third Party Credit Support Document is in effect and the Rating Agency Condition continues to be satisfied, [Bank] shall have no further obligations in respect of this Part 5(10)(I).
Details of any Credit Support Document: In respect of Party A: Any Third Party Credit Support Document.
Credit Support Provider means in relation to Party A, any party who is a credit support provider under any Third Party Credit Support Document.
With respect to [Bank], if applicable, any Third Party Credit Support Document delivered by [Bank] shall constitute a Credit Support Document.