Posting Party definition

Posting Party has the meaning specified in Section 6.1.

Posting Party means, at any time, the Party required to post, or that has posted, Performance Assurance to, or for the benefit of, the Beneficiary Party.

Posting Party is defined in Paragraph 3. It is possible for either Party to be a Posting Party at some times and a Secured Party at other times and also possible for a Party to be both a Posting party and a Secured Party at the same time. “Posting Party” shall mean the Party required to deliver Eligible Collateral and “Secured Party” shall mean the Party entitled to receive Eligible Collateral pursuant to Paragraph 3 as the context requires.

Examples of Posting Party in a sentence

• To the extent a Party requires Performance Assurance and/or has received a credit support document under this Agreement, then the Posting Party hereby grants to the Secured Party a present and continuing security interest in same.

• All Collateral drawn by a Secured Party shall be applied toward satisfaction of the obligations of the Posting Party to the Secured Party under this Agreement.

• Collateral that is drawn upon by a Secured Party shall not relieve the Posting Party of the obligation to post in full, as of the next Posting Deadline, any and all Collateral required in satisfaction of its then-current Collateral Requirement, if any.

• If the Beneficiary Party pays any such cost or expense, the Posting Party shall reimburse the Beneficiary Party for each such cost and expense promptly following a demand for reimbursement.

• The Posting Party may affect the substitution no earlier than two (2), and no later than five (5), Business Days after giving such notice.

More Definitions of Posting Party

Posting Party means the Party required to deliver Eligible Collateral and “Secured Party” shall mean the Party entitled to receive Eligible Collateral pursuant to Paragraph 3 as the context requires.

Posting Party means a Party that is obligated to post, or posts, Collateral under this Agreement.

Posting Party means one of the following:

Posting Party means a Party that is obligated to post, or posts, Collateral under this Agreement. “Pre-COD Settlement Amount” has the meaning set forth in Section 5.2.

Posting Party means the Party required to post Performance Assurance in accordance with Clause 9.

Posting Party means a Party who is obligated to procure, post, or pay Security for a

Posting Party has the meaning specified in Section 4(b)(iv).