Substitute Credit Support definition

Substitute Credit Support has the meaning specified in Paragraph 4(d)(i).

Substitute Credit Support shall have the meaning assigned in Section 6.5(e) hereof.

Substitute Credit Support has the meaning specified in Paragraph 4(d)(i). “Substitution Date” has the meaning specified in Paragraph 4(d)(ii).

Examples of Substitute Credit Support in a sentence

• However such consent is not to be unreasonably withheld and the parties agree that not wanting to accept a particular type of Substitute Credit Support is not in itself a reasonable basis for withholding consent if the Substitute Credit Support is Eligible Collateral.

• The Participation Agreement is hereby amended as follows: 2.01 Section 6.5(a)(ii) of the Participation Agreement is hereby deleted and replaced, in its entirety, with the following section: "(ii) Remaining Proceeds of the NEG Guarantee or a Substitute Credit Support Instrument.

• Notwithstanding anything to the contrary contained in Paragraph 4(d) of the Credit Support Annex, consent of the Secured Party shall be required in order that a party be permitted to Transfer Substitute Credit Support hereunder, provided, however, that such consent shall not be unreasonably withheld or delayed.

• The proceeds of (1) any payment made pursuant to Section 2.01 of the NEG Guarantee or (2) any payment made pursuant to a Substitute Credit Support Instrument, shall be applied promptly upon receipt thereof by the Security Agent to the payment in whole of the Tranche A Loans as required by Section 6.5(a)(i) of the Participation Agreement, together with all accrued interest and other amounts due in respect of the Tranche A Loans.

• The proviso in Paragraph 4(d)(ii) shall be amended and restated to read in its entirety as follows:provided that the Secured Party will not be obligated to Transfer Posted Credit Support with a Value as of the date of Transfer of that Posted Credit Support greater than the Value as of that date of the Substitute Credit Support.

More Definitions of Substitute Credit Support

Substitute Credit Support has the meaning assigned to that term in Section 3.06(a).

Substitute Credit Support shall have the meaning assigned in Section 6.5(e) hereof. “Term” shall have the meaning set forth in Section 2.2(a) hereof.

Substitute Credit Support shall have the meaning set forth in Section 6.5(e) hereof. “Summer Period” shall mean the months of June through September.

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.

Substitute Credit Support has the meaning assigned to that term in Section 306(a).

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 recipient or its account accompanied by any duly executed instruments of transfer, assignments in blank, transfer tax stamps and any other documents necessary to constitute a legally valid transfer to the recipient; (iii) in the case of securities that can be paid or delivered by book-entry, the giving of written instructions to the relevant depository institution or other entity specified by the recipient, together with a written copy thereof to the recipient, sufficient if complied with to result in a legally effective transfer of the relevant interest to the recipient; and (iv) in the case of Other Eligible Support or Other Posted Support, as specified 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 recipient or its account accompanied by any duly executed instruments of transfer, assignments in blank, transfer tax stamps and any other documents necessary to constitute a legally valid transfer to the recipient; (iii) in the case of securities that can be paid or delivered by book-entry, the giving of written instructions to the relevant depository institution or other entity specified by the recipient, together with a written copy thereof to the recipient, sufficient if complied with to result in a legally effective transfer of the relevant interest to the recipient; and (iv) in the case of Other Eligible Support or Other Posted Support, as specified in Paragraph 13.