Credit Support Requirement Sample Clauses

Credit Support Requirement. Stripe may require that you provide a guarantee (including a personal, parent or bank guarantee) or letter of credit in a form and substance that satisfies Stripe. In this event, Stripe will inform you of the amount of and the reasons for the requirement. If you are unable to satisfy the requirement when Stripe requires you to do so, Stripe may suspend or terminate your access to the Services.
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Credit Support Requirement. The Company shall, and shall cause each of its Subsidiaries to, comply at all times with the Credit Support Requirement; it being understood and agreed that the Company may add (in the manner set forth in Section 7.2(I) or (J), as applicable) or remove one or more Subsidiaries from their status as either Subsidiary Guarantors or Pledged Foreign Subsidiaries so long as no Default has occurred and is continuing at such time and such addition or removal does not cause noncompliance with the Credit Support Requirement.
Credit Support Requirement. (a) On the Financial Closing Date, Seller shall provide to Purchaser Completion Security in an amount equal to $10/KW of the Committed Capacity of each Dedicated Unit; PROVIDED that if the Financial Closing Date does not occur on or before December 31, 1998, Seller shall post the Completion Security required by this Section 3.3(a) on the earlier of the (i) Financial Closing Date and (ii) January 31, 1999. If Seller fails to post Completion Security in the amount required under this Section 3.3(a), then either Party may terminate this Agreement upon five Business Days' prior written notice to the other Party and, upon such termination, neither Party shall have any further liabilities under this Agreement.
Credit Support Requirement. As of the Closing Date, the Company is in compliance with the Credit Support Requirement.

Related to Credit Support Requirement

  • Certain Credit Support Events If (i) the L/C Issuer has honored any full or partial drawing request under any Letter of Credit and such drawing has resulted in an L/C Borrowing, (ii) as of the Letter of Credit Expiration Date, any L/C Obligation for any reason remains outstanding, (iii) the Borrower shall be required to provide Cash Collateral pursuant to Section 2.05 or 8.02(c), or (iv) there shall exist a Defaulting Lender, the Borrower shall immediately (in the case of clause (iii) above) or within one (1) Business Day (in all other cases) following any request by the Administrative Agent or the L/C Issuer, provide Cash Collateral in an amount not less than the applicable Minimum Collateral Amount (determined in the case of Cash Collateral provided pursuant to clause (iv) above, after giving effect to Section 2.15(a)(iv) and any Cash Collateral provided by the Defaulting Lender).

  • Xxxxxxxx-Xxxxx Act Requirements To the extent any documents are required to be filed or any certification is required to be made with respect to the Issuer or the Notes pursuant to the Xxxxxxxx-Xxxxx Act, the Issuer hereby authorizes the Servicer and the Seller, or either of them, to prepare, sign, certify and file any such documents or certifications on behalf of the Issuer.

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