QFC Credit Support definition

QFC Credit Support has the meaning specified in Section 11.21.
QFC Credit Support has the meaning assigned to such term in Section 9.20.
QFC Credit Support shall have the meaning assigned to such term in Section 12.22.

Examples of QFC Credit Support in a sentence

  • Without limitation of the foregoing, it is understood and agreed that rights and remedies of the parties with respect to a Defaulting Lender shall in no event affect the rights of any Covered Party with respect to a Supported QFC or any QFC Credit Support.


More Definitions of QFC Credit Support

QFC Credit Support as defined in Section 10.23.
QFC Credit Support has the meaning specified therefor in Section 17.15 of this Agreement.
QFC Credit Support has the meaning set forth in Section 17.20.
QFC Credit Support is defined in Section 9.17.
QFC Credit Support has the meaning set forth in Section 15.1.
QFC Credit Support means as is specified in Section 12.14(a).
QFC Credit Support has the meaning specified in Section 11.23. “Qualified ECP Guarantor” means, at any time, each Loan Party with total assets exceeding $10,000,000 or that qualifies at such time as an “eligible contract participant” under the Commodity Exchange Act and can cause another Person to qualify as an “eligible contract participant” at such time under Section 1a(18)(A)(v)(II) of the Commodity Exchange Act. “Qualified Equity Interests” means any Equity Interests that are not Disqualified Equity Interests. “Rate Determination Date” means two (2) Business Days prior to the commencement of such Interest Period (or such other day as is generally treated as the rate fixing day by market practice in such interbank market, as reasonably determined by the Administrative Agent; provided that, to the extent such market practice is not administratively feasible for the Administrative Agent, then “Rate Determination Date” means such other day as otherwise reasonably determined by the Administrative Agent). “Rating Agency” means each of Moody’s, S&P and Fitch; provided that if any such agency shall cease to provide ratings of the Company’s long-term non-credit enhanced debt, then such term shall also include any replacement credit ratings agency that is reasonably satisfactory to the Company and the Administrative Agent. “Receivables Financier” has the meaning set forth in the definition ofPermitted Receivables Financing.” “Receivables Financing SPC” means (1) a wholly-owned direct Subsidiary of a Loan Party which engages in no activities other than in connection with the financing of Transferred Assets pursuant to a Permitted Receivables Financing that meets the following criteria: (a) no portion of the Indebtedness or any other obligations (contingent or otherwise) of which (i) is guaranteed by the Company or any other Subsidiary of the Company (excluding guarantees of obligations (other than the principal of, and interest on, Indebtedness)) pursuant to customary securitization undertakings, (ii) is recourse to or obligates the Company or any other Subsidiary of the Company in any way (other than pursuant to customary securitization undertakings) or (iii) subjects any property or asset (other than the Transferred Assets) of the Company or any other Subsidiary of the Company, directly or indirectly, contingently or otherwise, to the satisfaction thereof, other than pursuant to customary securitization undertakings, (b) with which neither the Company nor any of its other Subsi...