Exercise of Credit Support. (a) Subject to clause 4.2(b), the Credit Support will be held by ARTC as security for the performance of the obligations of the Operator under this agreement and may be called upon by ARTC in any circumstances in which ARTC suffers any loss as a result of default by the Operator under this agreement. (b) If ARTC holds Security, and it calls on the Security, the Operator will promptly provide a replacement Security for the amount drawn or exercised by ARTC against the Security.
Appears in 9 contracts
Samples: Operator Sub Agreement, Operator Sub Agreement, Operator Sub Agreement
Exercise of Credit Support. (a) Subject to clause 4.2(b), the The Credit Support will be held by ARTC as security for the performance of the obligations of the Operator Access Holder under this agreement and may be called upon by ARTC in any circumstances in which ARTC suffers any loss as a result of default by the Operator Access Holder under this agreement.
(b) If ARTC holds Security, and it calls on the Security, the Operator Access Holder will promptly provide a replacement Security for the amount drawn or exercised by ARTC against the Security.
Appears in 5 contracts
Samples: Indicative Access Holder Agreement, Indicative Access Holder Agreement, Access Holder Agreement
