Counterparty Credit Enhancer Provisions Sample Clauses

Counterparty Credit Enhancer Provisions. Notwithstanding anything to the contrary set forth in this Agreement, until such time as (A) the Counterparty Credit Enhancement is not in effect, (B) there shall have occurred and be continuing the event described in Section 5(a)(vii) of the Agreement with respect to the Counterparty Credit Enhancer, (C) there shall have occurred and be continuing a default under the Counterparty Credit Enhancement or (D) the rating of the claims-paying ability of the Counterparty Credit Enhancer shall have been withdrawn, suspended or reduced below “A-” in the case of S&P, or withdrawn, suspended or reduced below “A3” in the case of Moody’s, AFS shall not, unless consented to by the Counterparty Credit Enhancer in writing: (1) suspend payments under Section 2 of the Agreement (if permitted thereunder); or (2) exercise remedies pursuant to the Agreement including designation of an Early Termination Date. If at any time there shall occur an event or circumstance referred to in the foregoing clause (A), (B), (C) or (D), AFS may designate an Early Termination Date without the consent of the Counterparty Credit Enhancer if AFS is otherwise entitled to do so; provided, however, that AFS acknowledges that only terminations directed by or consented to by the Counterparty Credit Enhancer are covered under the Counterparty Credit Enhancement. The Counterparty agrees to reimburse the Counterparty Credit Enhancer immediately and unconditionally upon demand, to the extent permitted by law, for all reasonable expenses incurred by the Counterparty Credit Enhancer in connection with the enforcement by the Counterparty Credit Enhancer of the Counterparty’s obligations under this Agreement and any other documents executed in connection with this Agreement. The Counterparty agrees that all amounts owing to the Counterparty Credit Enhancer under this Agreement or the Counterparty Credit Enhancement must be paid in full prior to any optional redemption or refunding of the Bonds unless the Counterparty Credit Enhancer gives directions to the contrary.
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Related to Counterparty Credit Enhancer Provisions

  • of the Credit Agreement Section 6.02 of the Credit Agreement is hereby amended as follows:

  • Amendments to Credit Agreement The Credit Agreement is hereby amended as follows:

  • Credit Support Provider Credit Support Provider means in relation to Party A, not applicable. Credit Support Provider means in relation to Party B, not applicable.

  • Sale of Note; Change of Loan Servicer; Notice of Grievance The Note or a partial interest in the Note (together with this Security Instrument) can be sold one or more times without prior notice to Borrower. A sale might result in a change in the entity (known as the “Loan Servicer”) that collects Periodic Payments due under the Note and this Security Instrument and performs other mortgage loan servicing obligations under the Note, this Security Instrument, and Applicable Law. There also might be one or more changes of the Loan Servicer unrelated to a sale of the Note. If there is a change of the Loan Servicer, Borrower will be given written notice of the change which will state the name and address of the new Loan Servicer, the address to which payments should be made and any other information RESPA requires in connection with a notice of transfer of servicing. If the Note is sold and thereafter the Loan is serviced by a Loan Servicer other than the purchaser of the Note, the mortgage loan servicing obligations to Borrower will remain with the Loan Servicer or be transferred to a successor Loan Servicer and are not assumed by the Note purchaser unless otherwise provided by the Note purchaser. Neither Borrower nor Lender may commence, join, or be joined to any judicial action (as either an individual litigant or the member of a class) that arises from the other party’s actions pursuant to this Security Instrument or that alleges that the other party has breached any provision of, or any duty owed by reason of, this Security Instrument, until such Borrower or Lender has notified the other party (with such notice given in compliance with the requirements of Section 15) of such alleged breach and afforded the other party hereto a reasonable period after the giving of such notice to take corrective action. If Applicable Law provides a time period which must elapse before certain action can be taken, that time period will be deemed to be reasonable for purposes of this paragraph. The notice of acceleration and opportunity to cure given to Borrower pursuant to Section 22 and the notice of acceleration given to Borrower pursuant to Section 18 shall be deemed to satisfy the notice and opportunity to take corrective action provisions of this Section 20.

  • Qualified Credit Card Issuer A UK Financial Institution satisfying the following criteria:

  • Credit Support A Credit Support Document between the Parties may apply to obligations governed by the Agreement. If the Parties have executed a Credit Support Document, such Credit Support Document shall be subject to the terms of the Agreement and is hereby incorporated by reference in the Agreement. In the event of any conflict between a Credit Support Document and the Agreement, the Agreement shall prevail, except for any provision in such Credit Support Document in respect of governing law.

  • Printing of Collective Agreement The Hospital and Union agree that the cost of printing the collective agreements will be shared equally between the parties. The Union will be responsible for having the collective agreements printed in booklet format within sixty (60) days of its signing by both parties.

  • of the Collective Agreement All letters of reference solicited in relation to promotion shall become part of the candidate's official dossier for the purposes of the promotion proceedings only. All such letters shall be available to the Peer Evaluation Committee.

  • DETERMINATIONS AND NOTIFICATIONS IN RESPECT OF NOTES AND INTEREST DETERMINATION (a) The Agent shall, unless otherwise specified in the applicable Final Terms, make all the determinations and calculations which it is required to make, if any, under the Conditions, all subject to and in accordance with the Conditions.

  • DUTIES OF THE AGENTS IN CONNECTION WITH EARLY REDEMPTION 12.1 If the Issuer decides to redeem any Notes for the time being outstanding before their Maturity Date in accordance with the Conditions, the Issuer shall give notice of the decision to the Principal Paying Agent and, in the case of redemption of Registered Notes, the Registrar stating the date on which the Notes are to be redeemed and the nominal amount of Notes to be redeemed not less than 15 days before the date on which the Issuer will give notice to the Noteholders in accordance with the Conditions of the redemption in order to enable the Principal Paying Agent and, if applicable, the Registrar to carry out its duties in this Agreement and in the Conditions.

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