Margin Collateral definition

Margin Collateral has the meaning set forth in Section 5.6(e).

Margin Collateral has the meaning set forth in Section 6.6(d). Xxxx-to-Market Exposure Amount means an amount calculated daily for the XXXX Supplier reflecting the exposure to the Companies due to fluctuations in market prices for Energy as set forth in Section 6.5, minus amounts due to such XXXX Supplier pursuant to

Margin Collateral has the meaning set forth in Section 6.4(d). Xxxx-to-Market Exposure Amount means an amount calculated daily for each SSO Supplier reflecting the exposure to the Companies due to fluctuations in market prices for Energy as set forth in Section 6.3, minus amounts due to such SSO Supplier pursuant to Section 8.1. The total Xxxx-to-Market Exposure Amount will be equal to 1.1 times the sum of the Xxxx-to-Market Exposure Amounts for each Billing Month during the Original Delivery Period limited to a rolling forward 24 month period starting from this Agreement's Effective Date, as applicable. Market Price Hub means a liquid pricing point located within PJM’s geographic footprint. Megawatt or MW means one thousand kilowatts. Megawatt-hour or MWh means one megawatt of electric power used over a period of one hour. Minimum Margin Threshold means $250,000. Minimum Rating means a minimum senior unsecured debt rating as defined in Section 6.4(a) of this Agreement.

Examples of Margin Collateral in a sentence

• If the lowest credit rating (whether corporate issuer rating or unsecured senior debt rating) used to determine the XXXX Supplier’s Credit Limit adversely changes, the Companies will require Margin Collateral from such XXXX Supplier in accordance with Sections 6.4, 6.6 and 6.7. The additional security must be in a form acceptable to the Companies, as specified in Section 6.9.

• If the XXXX Supplier fails to supply a substitute Letter of Credit as required, then the Companies will have the right to draw on the existing Letter of Credit and to hold the amount as Margin Collateral, as applicable.

• If the XXXX Supplier receives a Margin Call after 1:00 p.m. prevailing Eastern Time on a Business Day, whether posting cash, a Letter of Credit, or First Mortgage Bond delivered or pledged as provided for in Section 6.9(c) below, then the XXXX Supplier must post Margin Collateral on the second Business Day following the Margin Call unless the Companies agree in writing to extend the period to provide Margin Collateral.

• If the Companies determine in their sole discretion that they are unable to adequately assess the XXXX Supplier’s or Guarantor’s creditworthiness or the credit rating of the XXXX Supplier or its Guarantor is insufficient, such XXXX Supplier shall be required to post ICR Collateral in accordance with Section 6.4 and Margin Collateral in accordance with Section 6.7.

• Upon receipt of a Margin Call, the applicable XXXX Supplier shall provide to the Companies Margin Collateral, which shall comprise of cash, a Letter of Credit, or First Mortgage Bonds delivered or pledged as provided for in Section 6.9(c) below.

• At the XXXX Supplier’s choice, the following are deemed to be acceptable for posting Margin Collateral if required: xxxx credited to a deposit account of the Companies; and a Letter of Credit, which shall state that such Letter of Credit will renew automatically for successive one-year or shorter periods, until terminated upon at least ninety (90) days’ prior written notice from the issuing financial institution.

• The Margin Collateral shall be in an amount equal to the Margin less the amount of any Margin Collateral already posted by the XXXX Supplier in which the Companies have a first priority, perfected security interest to secure the obligations of the XXXX Supplier under this Agreement and any Other XXXX Supply Agreement.

More Definitions of Margin Collateral

Margin Collateral means Collateral (other than Shares) deposited into the Collateral Account pursuant to Section 2.08(a) subject to a valid and perfected First Priority Lien in favor of Agents and Lenders as of such time.

Margin Collateral means the collateral required by and acceptable to Bank in its sole and absolute discretion to meet the Margin Requirement and other requirements as set forth in this Addendum. Bank reserves the right to change the types or amounts of Margin Collateral deemed acceptable under the Credit Documents. “Margin Collateral Value” means, at any time, the fair market value of the Margin Collateral as determined by Bank in its sole and absolute discretion.

Margin Collateral means Collateral that is acceptable to OSPL in accordance with the SGX-ST Rules;

Margin Collateral has the meaning set forth in Section 6.6(e). Mark-to-Market Exposure Amount means an amount calculated daily for each SSO Supplier reflecting the exposure to the Companies due to fluctuations in market prices for Energy as set forth in Section 6.5, minus amounts due to such SSO Supplier pursuant to Section 8.1.

Margin Collateral. Any cash or Additional Assets transferred to Buyer under Section 4.01 or delivered to Buyer in satisfaction of the Liquidity Amount pursuant to Section 10.01(t) of this Agreement, including any Letter of Credit or any proceeds thereof.