Credit Support Obligations. Upon demand by a Party (the “Transferee”) on or promptly following a Valuation Day, the other Party (the “Transferor”) shall transfer to the Transferee Eligible Credit Support in an amount equal to the amount by which the Credit Support Amount of the Transferee exceeds the Eligible Credit Support held by the Transferee at the Valuation Time. Eligible Credit Support demanded but not received by a Party prior to a Valuation Time shall be deemed to be held by it, provided that the transfer of such Eligible Credit Support is due on or after such Valuation Time.
Appears in 4 contracts
Samples: Credit Support Annex, Credit Support Annex, Credit Support Annex
