Credit Support Arrangement definition

Credit Support Arrangement means guaranties, letters of credit or other credit arrangements issued by or for the account of any Person to support or facilitate business transactions.
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Credit Support Arrangement shall have the meaning set forth in Section 3.2.
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Credit Support Arrangement shall have the meaning set forth in Section 5.30.
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Examples of Credit Support Arrangement in a sentence

  • No liens shall be granted in connection with the Credit Support Arrangement.

  • Emergency Motion for Entry of Interim and Final Orders (I) Authorizing and Confirming Vendor Credit Support Arrangement; (II) Granting Superpriority Administrative Expense Claims; and (III) Granting Related Relief.

  • Importantly, the Credit Support Arrangement will allow the Debtors the ability to maintain sufficient liquidity to fund their operations and expenses during these Chapter 11 Cases without granting any new liens on their assets and without paying expensive fees and interest that would otherwise be required under a post-petition secured credit facility.

  • The Debtors and US Foods have reached an agreement ( i.e., the Credit Support Arrangement) whereby US Foods will extend favorable credit terms to the Debtors in exchange for limited protection and fees.

  • The Debtors seek the entry of interim and final orders: (a) authorizing and approving the Credit Support Arrangement (as defined below); (b) granting superpriority administrative expense claims; (c) scheduling a final hearing (the “ Final Hearing”); and (d)granting related relief.

  • Moreover, the Credit Support Arrangement does not require the Debtors to comply with any milestones, modifications of the automatic stay, or other obligations regarding these Chapter 11 Cases.

  • The Supplemental Cooperative Agreement will provide that the Credit Support Arrangement will only be utilized in the event that debt service cannot be paid in full by the FCCFA when due.

  • Replacing a Credit Support Arrangement 3.11.1. A Market Participant may replace the Credit Support arrangement provided (for example, replacing a Security Deposit with a bank undertaking) by notifying AEMO in writing prior to the replacement.

  • The Motion is granted to the extent set forth herein on an interim basis and the Credit Support Arrangement is authorized and approved pursuant to the terms of this Interim Order.

  • The Credit Support Arrangement will not be an indebtedness of the City or the County, and neither the general credit of the City nor the County will be pledged to the payment of the principal of, or premium, if any, or interest on, the Hotel Expansion Bonds, and the owners and holders of the Hotel Expansion Bonds will not have the right to have any excises or taxes levied by the City or the County for the payment of the principal of, or premium, if any, or interest on, the Hotel Expansion Bonds.


More Definitions of Credit Support Arrangement

Credit Support Arrangement means any arrangement by a Person in which guaranties (including guaranties of performance or payment under agreements, commitments, obligations and permits), keepwells, letters of credit or other credit or credit support arrangements, including bid bonds, advance payment bonds, performance bonds, payment bonds, retention and/or warranty bonds or other bonds or similar instruments, were or are issued, entered into or otherwise put in place by such Person to support or facilitate, or otherwise in respect of, the Indebtedness, Liabilities or obligations of another Person.
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Credit Support Arrangement means, for any Person, any arrangement by such Person in which such Person provides a guaranty (including any guaranty of performance or payment under Contracts), keepwell, letter of credit or other credit or credit support arrangement, including any bid bond, advance payment bond, performance bond, payment bond, retention or warranty bond or other bond or similar instrument, issued to support or facilitate or otherwise in respect of the Liabilities or obligations of another Person. “Earn-Out Period” has the meaning set forth in Exhibit G to this Agreement. “Employee Benefit Plan” means each “employee benefit plan” as defined in Section 3(3) of ERISA, whether or not subject to ERISA, and all other bonus, incentive compensation, deferred compensation, profit sharing, equity, phantom equity, stock option, stock appreciation right, stock bonus, stock purchase, employee stock ownership, savings, severance, termination, retention, change-in-control, layoff, redundancy, salary continuation, retirement, pension, health, life insurance, dental, disability, accident, group insurance, employment, consulting, paid time off, deferred compensation, supplemental income, vacation, holiday, sick leave, fringe benefit or welfare plan, and any other employee compensation or benefit plan, agreement (or form thereof), policy, practice, commitment, contract, or understanding (whether qualified or nonqualified, written or unwritten), including (for the avoidance of doubt) any written employment contract applicable to any Business Employee. “Entity” means any corporation (including any nonprofit corporation), general partnership, limited partnership, limited liability partnership, joint venture, estate, trust, company (including any company limited by shares, limited liability company or joint stock company) or other association, organization or entity (including any Governmental Authority). “Environmental Claim” means any Claim alleging Liability (including Liability for investigatory costs, cleanup costs, governmental response costs, natural resources damages, property damages, personal injuries or penalties) arising out of, based on or resulting from (a) the presence, or Release into the environment, of, or exposure to, any Hazardous Materials at any location, whether or not owned or operated by the Company or (b) any violation of any Environmental Law or Environmental Permit.
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Credit Support Arrangement has the meaning set forth in Section 6.8.
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Related to Credit Support Arrangement

  • Credit Support Instrument The instrument or document pursuant to which the Credit Support for a given Series (or Class within such Series) is provided, as specified in the applicable Supplement.

  • Credit Support Annex means the Credit Support Annex annexed to this Agreement.

  • QFC Credit Support has the meaning specified in Section 11.21.

  • Credit Support Instrument" "Credit Support Provider"

  • Credit Support Instruments has the meaning set forth in Section 3.01(a).

  • credit supporter means a person or company that provides a guarantee or alternative credit support for any of the payments to be made by an issuer of securities as stipulated in the terms of the securities or in an agreement governing rights of, or granting rights to, holders of the securities;

  • Credit Support Amount has the meaning specified in Paragraph 3.

  • S&P Credit Support Amount means, for any Valuation Date, the excess, if any, of:

  • Sponsor Support Agreement has the meaning set forth in the recitals to this Agreement.

  • Fitch Credit Support Amount means, for any Valuation Date, the excess, if any, of:

  • Credit Support Balance means, with respect to a Transferor on a Valuation Date, the aggregate of all Eligible Credit Support that has been transferred to or received by the Transferee under this Annex, together with any Distributions and all proceeds of any such Eligible Credit Support or Distributions, as reduced pursuant to Paragraph 2(b), Paragraph 3(c)(ii) or Paragraph 6. Any Equivalent Distributions or Interest Amount (or portion of either) not transferred pursuant to Paragraph 5(c)(i) or (ii) will form part of the Credit Support Balance.

  • Credit Support Provider has the meaning specified in the Schedule.

  • netting arrangement means an arrangement under which a number of claims or obligations can be converted into a single net claim, including close-out netting arrangements under which, on the occurrence of an enforcement event (however or wherever defined) the obligations of the parties are accelerated so as to become immediately due or are terminated, and in either case are converted into or replaced by a single net claim, including ‘close-out netting provisions’ as defined in point (n)(i) of Article 2(1) of Directive 2002/47/EC and ‘netting’ as defined in point (k) of Article 2 of Directive 98/26/EC;

  • Credit Enhancement Agreement means the Agreement among the Sellers, the Master Servicer, the Trustee and the Credit Enhancement Provider with respect to the Credit Enhancement.

  • Credit Enhancement Agreements means, collectively, any documents, instruments, guarantees or agreements entered into by the Company, any of its Restricted Subsidiaries, or any Receivables Entity for the purpose of providing credit support for one or more Receivables Entities or any of their respective securities, debt instruments, obligations or other Indebtedness.

  • Credit Support Default provisions of Section 5(a)(iii) will apply to Party A and will not apply to Party B.

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

  • Secured Cash Management Agreement means any Cash Management Agreement that is entered into by and between any Loan Party and any Cash Management Bank.

  • Cash Management Agreement means any agreement to provide cash management services, including treasury, depository, overdraft, credit or debit card, electronic funds transfer and other cash management arrangements.

  • Program Support Agreement means and includes any Liquidity Agreement and any other agreement entered into by any Program Support Provider providing for: (a) the issuance of one or more letters of credit for the account of any Conduit Purchaser, (b) the issuance of one or more surety bonds for which the such Conduit Purchaser is obligated to reimburse the applicable Program Support Provider for any drawings thereunder, (c) the sale by such Conduit Purchaser to any Program Support Provider of the Purchased Interest (or portions thereof) maintained by such Conduit Purchaser and/or (d) the making of loans and/or other extensions of credit to any Conduit Purchaser in connection with such Conduit Purchaser’s securitization program contemplated in this Agreement, together with any letter of credit, surety bond or other instrument issued thereunder.

  • Arrangement Agreement has the meaning ascribed thereto in the recitals hereof;

  • Specified Cash Management Agreement any agreement providing for treasury, depositary or cash management services, including in connection with any automated clearing house transfers of funds or any similar transactions between the Borrower or any Guarantor and any Lender or affiliate thereof.

  • Support Agreement has the meaning set forth in the Recitals.

  • Access Arrangement means an arrangement for access to a Covered Pipeline that has been approved by the Relevant Regulator.

  • Guaranteed Cash Management Agreement means any Cash Management Agreement that is entered into by and between any Loan Party and any Cash Management Bank.