Common use of Market Participant obligations Clause in Contracts

Market Participant obligations. (a) A Market Participant that is not a Broker Participant and is not eligible to be a Credit Support Provider must provide and at all times maintain Credit Support for the amount and forward period required to ensure that its Trading Margin does not fall below zero. (b) A Market Participant must not submit an Order or Reallocation Request that, if accepted or registered, would result in its Trading Margin being less than zero. (c) Any Credit Support provided under this agreement must: (i) be an unconditional bank guarantee in a form specified by the Operator; (ii) be duly executed and delivered unconditionally to the Operator by an entity satisfying the requirements in clause 9.2.2 and 9.2.3 for Credit Support Providers; and (iii) constitute valid and binding unsubordinated obligations of the Credit Support Provider to pay the Operator amounts, in accordance with its terms, relating to the obligations of the relevant Market Participant under this agreement.

Market Participant obligations. (a) A Market Participant that is not a Broker Participant and is not eligible to be a Credit Support Provider must provide and at all times maintain Credit Support for the amount and forward period required to ensure that its Trading Margin does not fall below zero. (b) . A Market Participant must not submit an Order or Reallocation Request that, if accepted or registered, would result in its Trading Margin being less than zero. (c) . Any Credit Support provided under this agreement must: (i) : be an unconditional bank guarantee in a form specified by the Operator; (ii) ; be duly executed and delivered unconditionally to the Operator by an entity satisfying the requirements in clause 9.2.2 and 9.2.3 for Credit Support Providers; and (iii) and constitute valid and binding unsubordinated obligations of the Credit Support Provider to pay the Operator amounts, in accordance with its terms, relating to the obligations of the relevant Market Participant under this agreement.

Market Participant obligations. (a) A Market Participant that is not a Broker Participant and is not eligible to be a Credit Support Provider must provide and at all times maintain Credit Support for the amount and forward period required to ensure that its Trading Margin does not fall below zero. (b) A Market Participant must not submit an Order or Reallocation Request that, if accepted or registered, would result in its Trading Margin being less than zero. (c) Any Credit Support provided under this agreement must: (i) be an unconditional bank guarantee in a form specified by the Operator; (ii) be duly executed and delivered unconditionally to the Operator by an entity satisfying the requirements in clause 9.2.2 and 9.2.3 for Credit Support Providers; and (iii) constitute valid and binding unsubordinated obligations of the Credit Support Provider to pay the Operator amounts, in accordance with its terms, relating to the obligations of the relevant Market Participant under this agreement.