Invalidation Security Amount Sample Clauses

Invalidation Security Amount. Following Delivery of the Offset Credit and for the entire Invalidation Term, the Invalidation Security Amount will be added to the Agreement Exposure calculation in accordance with Section 4.1(a)(ii). “Invalidation Security Amount” means an amount that is equal to twenty percent (20%) of the Notional Value of all Offset Credits that have been Delivered and are within the Invalidation Term. If Party B fails to post additional Performance Assurance for the Invalidation Security Amount, in addition to SDG&E’s rights under the Master Agreement, SDG&E may elect instead and at its sole discretion to withhold such amount from current or future payment owed to Party B for the Delivered Offset Credits as cash posted for the Invalidation Security.
Sample 1Sample 2
AutoNDA by SimpleDocs
Invalidation Security Amount. Following Delivery of the Offset Credit and for the entire Invalidation Term, the Invalidation Security Amount will be added to the Agreement Exposure calculation in accordance with Paragraph 4.1(a)(ii). “Invalidation Security Amount” means an amount that is equal to twenty percent (20%) of the Notional Value of all Offset Credits that have been Delivered and are within the Invalidation Term. If Party B fails to post additional Performance Assurance for the Invalidation Security Amount, if applicable, in addition to PG&E’s rights under the Master Agreement, PG&E may elect instead and at its sole discretion to withhold such amount from current or future payment owed to Party B for the Delivered Offset Credits as cash posted for the Invalidation Security. If an Event of Default has occurred and the Master Agreement is terminated pursuant to Section 9.3 of the Master Agreement and Party B’s obligations are being fully secured by a guaranty, then Party B shall either post cash or provide a Letter of Credit (the form of security to be posted to be at the sole discretion of Party B) to PG&E for the full amount of the Invalidation Security Amount; provided, however, that an Event of Default under a Transaction Confirmation which does not trigger an Event of Default under the Master Agreement will not cause such a posting obligation. If the Invalidation Event under the Transaction Confirmation is an Invalidation Default, then PG&E shall be entitled to immediately retain for its own benefit those funds held as Invalidation Security.
Sample 1
Invalidation Security Amount. Following Delivery of the Offset Credit, the Invalidation Security Amount will be added to the Agreement Exposure calculation in accordance with Paragraph 4.1(a)(iii) till Party B has fulfilled all the obligations and liabilities in the Invalidation Term. “Invalidation Security Amount” means an amount that is equal to twenty percent (20%) of the Notional Value of all Offset Credits that have been Delivered and are within the Invalidation Term. If Party B fails to post additional Performance Assurance for the Invalidation Security Amount, if applicable, in addition to PG&E’s rights under the Agreement, PG&E may elect instead and at its sole discretion to withhold such amount from current or future payment owed to Party B for the Delivered Offset Credits as cash posted for the Invalidation Security. If the Invalidation Event under the Offset Credit Confirmation is an Invalidation Default, then PG&E shall be entitled to immediately retain for its own benefit those funds held as Invalidation Security.
Sample 1
Invalidation Security Amount. Following Delivery of the Offset Credit and for the entire Invalidation Term, the Invalidation Security Amount will be added to the Agreement Exposure calculation in accordance with Paragraph 4.1(a)(iii). “Invalidation Security Amount” means an amount that is equal to twenty percent (20%) of the Notional Value of all Offset Credits that have been Delivered and are within the Invalidation Term. If Party B fails to post additional Performance Assurance for the Invalidation Security Amount, if applicable, in addition to PG&E’s rights under the Master Agreement, PG&E may elect instead and at its sole discretion to withhold such amount from current or future payment owed to Party B for the Delivered Offset Credits as cash posted for the Invalidation Security. If the Invalidation Event under the Transaction Confirmation is an Invalidation Default, then PG&E shall be entitled to immediately retain for its own benefit those funds held as Invalidation Security.
Sample 1

Related to Invalidation Security Amount

  • Application Security The ISP will require that in-house application development be governed by a documented secure software development life cycle methodology, which will include deployment rules for new applications and changes to existing applications in live production environments.

  • Application of Miscellaneous Proceeds upon Condemnation, Destruction, or Loss in Value of the Property In the event of a total taking, destruction, or loss in value of the Property, all of the Miscellaneous Proceeds will be applied to the sums secured by this Security Instrument, whether or not then due, with the excess, if any, paid to Borrower. In the event of a partial taking, destruction, or loss in value of the Property (each, a “Partial Devaluation”) where the fair market value of the Property immediately before the Partial Devaluation is equal to or greater than the amount of the sums secured by this Security Instrument immediately before the Partial Devaluation, a percentage of the Miscellaneous Proceeds will be applied to the sums secured by this Security Instrument unless Borrower and Lender otherwise agree in writing. The amount of the Miscellaneous Proceeds that will be so applied is determined by multiplying the total amount of the Miscellaneous Proceeds by a percentage calculated by taking (i) the total amount of the sums secured immediately before the Partial Devaluation, and dividing it by (ii) the fair market value of the Property immediately before the Partial Devaluation. Any balance of the Miscellaneous Proceeds will be paid to Borrower. In the event of a Partial Devaluation where the fair market value of the Property immediately before the Partial Devaluation is less than the amount of the sums secured immediately before the Partial Devaluation, all of the Miscellaneous Proceeds will be applied to the sums secured by this Security Instrument, whether or not the sums are then due, unless Borrower and Lender otherwise agree in writing.

  • Transfer Upon Realization of Pledged, Mortgaged or Charged Escrow Securities (1) You may transfer within escrow to a financial institution the escrow securities you have pledged, mortgaged or charged under section 4.2 to that financial institution as collateral for a loan on realization of the loan.

  • Loan Amount 5. ACCOUNT NAME(S) .............................................................................................................................................................................. BANK NAME / BRANCH ...................................................................................................................................................................

  • Assuming Bank’s Liquidation of Remaining Single Family Shared-Loss Loans In the event that the Assuming Bank does not conduct a Portfolio Sale pursuant to Section 4.1, the Receiver shall have the right, exercisable in its sole and absolute discretion, to require the Assuming Bank to liquidate for cash consideration, any Single Family Shared-Loss Loans held by the Assuming Bank at any time after the date that is six months prior to the Termination Date. If the Receiver exercises its option under this Section 4.2, it must give notice in writing to the Assuming Bank, setting forth the time period within which the Assuming Bank shall be required to liquidate the Single Family Shared-Loss Loans. The Assuming Bank will comply with the Receiver’s notice and must liquidate the Single Family Shared-Loss Loans as soon as reasonably practicable by means of sealed bid sales to third parties, not including any of the Assuming Bank’s affiliates, contractors, or any affiliates of the Assuming Bank’s contractors. The selection of any financial advisor or other third party broker or sales agent retained for the liquidation of the remaining Single Family Shared-Loss Loans pursuant to this Section shall be subject to the prior approval of the Receiver, such approval not to be unreasonably withheld, delayed or conditioned.

  • UNION SECURITY AND DUES DEDUCTION Section 5.0. The Town agrees to deduct from the wages of an employee who is a member of the Union and who voluntarily authorizes such deduction in writing membership dues and initiation fees (if applicable); or agency service fees established by the Union for non-members.

  • Exclusion of applications on preliminary points of law Any recourse to any Court for the determination of a preliminary point of law arising in the course of the arbitration proceedings is excluded.

  • COLLECTION OF COST-SHARE (a) The PHP agrees to collect from the beneficiary or the parents or guardian of the beneficiary only those amounts applicable to the patient’s cost-share (copayment) as defined in 32 CFR 199.4, and services and supplies which are not a benefit.

  • UNION SECURITY (Dues Deduction (The following clause will appear in all collective agreements replacing any provision related to dues deduction that existed in the Hospital's expiring collective agreement:)

  • Commitment Charge; Credit; Maturity Premium (a) The Borrower shall pay a commitment charge on the unwithdrawn amount of the Loan at the rate and on the terms specified in the Loan Agreement.

Time is Money Join Law Insider Premium to draft better contracts faster.