Common use of Decline in Tangible Net Worth Clause in Contracts

Decline in Tangible Net Worth. If this § 18.2 is specified as applying in the Election Sheet, as soon as it becomes aware of such decline, each Party shall promptly notify the other Party of the occurrence of a decline in its Tangible Net Worth or the Tangible Net Worth of its Credit Support Provider or Controlling Party, to a level below the amount specified in the Election Sheet.

Appears in 4 contracts

Samples: General Agreement, General Agreement, General Agreement

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Decline in Tangible Net Worth. If this § 18.2 17.2 is specified as applying in the Election Sheet, as soon as it becomes aware of such decline, each Party shall promptly notify the other Party of the occurrence of a decline in its Tangible Net Worth or the Tangible Net Worth of its Credit Support Provider or Controlling Party, to a level below the amount specified in the Election Sheet.

Appears in 3 contracts

Samples: Certificate Master Agreement, Certificate Master Agreement, Certificate Master Agreement

Decline in Tangible Net Worth. If this § & 18.2 is specified as applying in the Election Sheet, as soon as it becomes aware of such decline, each Party shall promptly notify the other Party of the occurrence of a decline in its Tangible Net Worth or the Tangible Net Worth of its Credit Support Provider or Controlling Party, to a level below the amount specified in the Election Sheet.

Appears in 2 contracts

Samples: General Agreement, General Agreement

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Decline in Tangible Net Worth. If this § 18.2 17.2 is specified as applying in the Election Sheet, as soon as it becomes aware of such decline, each Party shall promptly notify the other Party of the occurrence of a decline in its Tangible Net Worth or the Tangible Net Worth of its Credit Support Provider or Controlling Party, to a level below the amount specified in the Election Sheet.

Appears in 1 contract

Samples: Eecs Certificates Master Agreement

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