Financial Security. If requested by the Buyer, within five (5) Business Days of the Confirmation Effective Date, as security for Seller’s obligations under this Agreement, Seller shall provide Buyer (i) with a written payment guarantee in a form and amount acceptable to Buyer properly executed by a guarantor acceptable to Buyer, or (ii) an irrevocable letter of credit issued by an issuer and a form and amount in each case acceptable to Buyer. Such security instruments shall be maintained throughout the Term of this Agreement and shall be supplemented or replaced from time to time to secure all of the Seller’s obligations relating to Transactions then in effect.
Appears in 6 contracts
Samples: Master Certificate Purchase Agreement, Master Certificate Purchase Agreement, Master Certificate Purchase Agreement
