Form of Collateral. When Network User has to submit a Collateral according to Articles 7.1.1 and 7.1.2, Network User must submit an unconditional and irrevocable Bank Guarantee issued by a bank approved by the Financial Services & Markets Authority (or by an equivalent body in one of the Members States of the European Union) and which has an acceptable credit rating as specified in Article 7.1.1
Appears in 6 contracts
Samples: Balancing Agreement, Balancing Agreement, Balancing Agreement
Form of Collateral. When Network User has to submit a Collateral according to Articles 7.1.1 and 7.1.2, Network User must submit an unconditional and irrevocable Bank Guarantee issued by a bank approved by the Financial Services & Markets Authority (or by an equivalent body in one of the Members States of the European Union) and which has an acceptable credit rating as specified in Article 7.1.1equivalent
Appears in 1 contract
Samples: Balancing Agreement
