Other Eligible Support definition

Other Eligible Support means, with respect to a party, the items, if any, specified as such for that party in Paragraph 13.

Other Eligible Support for the party specified: Such Other Eligible Support as the Pledgor may designate; provided, at the expense of the Pledgor, the prior written consent of the relevant rating agency (to the extent such rating agency is providing a rating for the Notes) shall have been obtained. For the avoidance of doubt, there are no items that qualify as Other Eligible Support as of the date of this Annex.

Other Eligible Support for the party specified: None.

Examples of Other Eligible Support in a sentence

• For the purpose of Paragraphs 5(i)(C) and 5(ii), the Value of Posted Credit Support will be calculated as follows: (i) for cash collateral, the face value thereof and (ii) with respect to Other Eligible Support and Other Posted Support, an amount equal to the value as calculated pursuant to Paragraph 13(j)(i).

• The following items will qualify as "Other Eligible Support" for the party specified: Inapplicable.

• All transfers under this Deed of Other Eligible Support and Other Posted Support shall be made as follows: ..........................................................................................................

• The following items will qualify as "Other Eligible Support" for the party specified: one or more irrevocable standby letters of credit, expiring in not less than 15 days, issued by a bank acceptable to the Secured Party under language in a form reasonably acceptable to the Secured Party (each, a "Letter of Credit").

• The Secured Party shall have the right to draw on a Letter of Credit held by it as Other Eligible Support or Other Posted Support in the event that at the time of such draw there shall be satisfied one or more of the conditions to drawing specified in such Letter of Credit.

More Definitions of Other Eligible Support

Other Eligible Support for the party specified: Not applicable.

Other Eligible Support means with respect to a party, the items, if any, specified as such for that party in Paragraph 13 of the Deed.

Other Eligible Support. As determined from time to time in the sole discretion of the Secured Party.

Other Eligible Support means, with respect to a party, the items, if any, specified as such for that party in Paragraph 13. "Other Posted Support" means all Other Eligible Support Transferred to the Secured Party that remains in effect for the benefit of that Secured Party.

Other Eligible Support. As determined from time to time in the sole discretion of Party A.

Other Eligible Support means, with respect to a party, the items, if any, specified as such for that party in Paragraph 13. “Other Posted Support” means all Other Eligible Support Transferred to the Secured Party that remains in effect for the benefit of that Secured Party. “Pledgor” means either party, when that party (i) receives a demand for or is required to Transfer Eligible Credit Support under Paragraph 3(a) or (ii) has Transferred Eligible Credit Support under Paragraph 3(a). “Posted Collateral” means all Eligible Collateral, other property, Distributions, and all proceeds thereof that have been Transferred to or received by the Secured Party under this Annex and not Transferred to the Pledgor pursuant to Paragraph 3(b), 4(d)(ii) or 6(d)(i) or released by the Secured Party under Paragraph 8. Any Interest Amount or portion thereof not Transferred pursuant to Paragraph 6(d)(ii) will constitute Posted Collateral in the form of Cash. “Posted Credit Support” means Posted Collateral and Other Posted Support. “Recalculation Date” means the Valuation Date that gives rise to the dispute under Paragraph 5; provided, however, that if a subsequent Valuation Date occurs under Paragraph 3 prior to the resolution of the dispute, then the “Recalculation Date” means the most recent Valuation Date under Paragraph 3. “Resolution Time” has the meaning specified in Paragraph 13. “Return Amount” has the meaning specified in Paragraph 3(b). “Secured Party” means either party, when that party (i) makes a demand for or is entitled to receive Eligible Credit Support under Paragraph 3(a) or (ii) holds or is deemed to hold Posted Credit Support. “Specified Condition” means, with respect to a party, any event specified as such for that party in Paragraph 13. “Substitute Credit Support” has the meaning specified in Paragraph 4(d)(i). “Substitution Date” has the meaning specified in Paragraph 4(d)(ii). “Threshold” means, with respect to a party, the amount specified as such for that party in Paragraph 13; if no amount is specified, zero. “Transfer” means, with respect to any Eligible Credit Support, Posted Credit Support or Interest Amount, and in accordance with the instructions of the Secured Party, Pledgor or Custodian, as applicable: (i) in the case of Cash, payment or delivery by wire transfer into one or more bank accounts specified by the recipient; (ii) in the case of certificated securities that cannot be paid or delivered by book-entry, payment or delivery in appropriate physical form to the...

Other Eligible Support means. with respect to a party, the items, if any, specified as such for that xxxxx in Paragraph 13.