Collateral Arrangements. Counterparty shall (at Enron’s request) from time to time and at Enron’s option either: (i) within one Business Day of such request by Enron, provide to Enron a letter of credit in respect of Counterparty's obligations under any Transaction, in such form and for such amount and from such issuer, as is acceptable to Enron in its absolute discretion; or (ii) within such period as is specified by Enron, provide for the benefit of Enron a guaranty from a party, in such form and for such amount as is acceptable to Enron in its absolute discretion. Failure so to provide such letter of credit or guaranty or any default under such letter of credit or guaranty shall constitute a default hereunder giving rise to the immediate right of termination by Enron under this GTC.
Collateral Arrangements. Section 10.01.
Collateral Arrangements. Counterparty shall (at Enron's request) either: (i) within one (1) Business Day of such request by Enron, provide to Enron a letter of credit in respect of Counterparty's obligations under any Transaction, in such form and for such amount and from such issuer, as is acceptable to Enron in its absolute discretion; or (ii) within such period as is specified by Enron, provide for the benefit of Enron a parent company guarantee in such form and for such amount as is acceptable to Enron in its absolute discretion. Failure to provide such letter of credit or parent company guaranty shall constitute a default hereunder, giving rise to the immediate right of termination by Enron under these Terms.
Collateral Arrangements. 5.1 In the event that the Maturity Purchaser fails to comply with its obligation to purchase any class of Mezz Notes on a Purchase Date pursuant to Clause 4 (Agreement to Purchase ) above (noting that the Maturity Purchaser is only obliged to effect such a purchase if the relevant Mezz Noteholder has complied with the provisions of Clause 4.2), in addition to any related action for breach of contract, the Mezz Noteholders in respect of which the corresponding class of Mezz Notes are not purchased by the Maturity Purchaser will each be entitled to receive their Collateral Proportion of the Collateral held in respect of the related class of Mezz Notes as further described below and provided that:
Collateral Arrangements. Counterparty shall (at ENA’s request) either: (i) within one Business Day of such request by ENA, provide to ENA a letter of credit in respect of Counterparty's obligations under any Transaction, in such form and for such amount and from such issuer, as is acceptable to ENA in its absolute discretion; or (ii) within such period as is specified by ENA, provide for the benefit of ENA a parent company guarantee in such form and for such amount as is acceptable to ENA in its absolute discretion. Failure so to provide such letter of credit or parent company guaranty shall constitute a default hereunder giving rise to the immediate right of termination by ENA under this GTC.
Collateral Arrangements. Both parties agree that the Collateral shall be established on the following basis:
Collateral Arrangements. As a condition of entering into a Transaction, we may in our sole discretion require the deposit of funds or Collateral acceptable to us to secure your liability to us for any losses which may be incurred in respect of the Transaction (“Initial Collateral”). Initial Collateral is due and payable in Full immediately as a condition to opening the relevant Transaction and we may decline to open any Transaction if you do not have sufficient available cash in your Account to satisfy the Initial Collateral required for that Transaction at the time the relevant Order is placed. If there is an adverse movement in the price of a Transaction or Reference Asset or if we determine in our sole and absolute discretion that there is an increase in the risk of an adverse movement in the price of a Transaction or Reference Asset, we will require additional security from you in the form of cash deposits or other acceptable Collateral to supplement Initial Collateral (“Variation Collateral”).
Collateral Arrangements. Each Holder, by its acceptance of this Note, (i) consents and agrees to the terms of each Security Document and the Intercreditor Agreement, as originally in effect on the Issue Date and as amended, supplemented or replaced from time to time in accordance with its terms or the terms of the Indenture, (ii) authorizes and directs the Trustee and the Collateral Agent to execute and deliver the Security Documents and the Intercreditor Agreement to which it is a party and (iii) authorizes and empowers the Trustee and the Collateral Agent to bind the Holders and other holders of Pari-Passu Lien Obligations as set forth in the Security Documents and the Intercreditor Agreement to which it is a party and to perform its obligations and exercise its rights and powers thereunder.
Collateral Arrangements. Each of Lenders irrevocably authorizes the Administrative Agent, for and on behalf of the Secured Parties, to be the representative of the Secured Parties in connection with, and to enter into on behalf of the Secured Parties (i) the Intercreditor Agreement, (ii) upon the request of CAI with reasonable advance notice to the Administrative Agent and so long as no Default or Event of Default exists, any collateral agency arrangements (including any agreements, certificates, documents and instruments relating thereto or to the transactions contemplated thereby) with a collateral agent or collateral trustee and the issuer(s) of any Indebtedness (and holders of Liens in respect thereof) permitted hereunder for the purposes of, among other things, administering the Liens held for the benefit of the Secured Parties in the Collateral, such collateral agency arrangements and related documentation to be in form and substance satisfactory to the Administrative Agent, and (iii) amendments to any agreements entered into pursuant to clauses (i) and (ii) above, in such form as the Administrative Agent deems appropriate. Upon the reasonable request of CAI, the Administrative shall cooperate in good faith with CAI in its efforts to coordinate the intercreditor and collateral agency arrangements described above. Upon request by the Administrative Agent at any time, the Lenders will confirm in writing the Administrative Agent’s authority pursuant to this § 14.14 to enter into the transactions contemplated by the first sentence of this § 14.14 and any and all agreements, documents and instruments relating thereto.
Collateral Arrangements. The Senior Notes are secured by all of the Collateral (as defined below), as set forth in the Senior Notes Indenture, pursuant to the Collateral Documents (as defined below). The Senior Subordinated PIK Notes and each of the Junior Notes are not and will not be secured by any collateral.
