Common use of Posting Margin and Return of Surplus Margin Clause in Contracts

Posting Margin and Return of Surplus Margin. (a) If at any time and from time to time during the term of this Agreement, the Total Exposure Amount, rounded by the Rounding Amount, exceeds the DS Supplier’s or the Guarantor’s credit limit by the Minimum Transfer Amount, then the Company on any Business Day, may request that the DS Supplier provide cash or a letter of credit in an acceptable form as defined in Article 6.7(b) of this Agreement (see standard format in Appendix F), in an amount equal to the Margin (less any Margin posted by the DS Supplier and held by the Company pursuant to this Agreement or any other agreement(s) between the Company and the DS Supplier for the provision of DS Supply). If the DS Supplier receives written notice for Margin from the Company by 1:00

Appears in 3 contracts

Samples: Master Agreement, Master Agreement, Master Agreement

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Posting Margin and Return of Surplus Margin. (a) If at any time and from time to time during the term of this Agreement, the Total Exposure Amount, rounded by the Rounding Amountamount, exceeds the DS Supplier’s or the Guarantor’s credit limit by the Minimum Transfer AmountAmount (MTA), then the Company on any Business Day, may request that the DS Supplier provide cash or a letter of credit in an acceptable form as defined in Article 6.7(b) of this Agreement (see standard format in Appendix F), in an amount equal to the Margin (less any Margin posted by the DS Supplier and held by the Company pursuant to this Agreement or any other agreement(s) between the Company and the DS Supplier for the provision of DS Supply). If the DS Supplier receives written notice for Margin from the Company by 1:00

Appears in 2 contracts

Samples: Default Service Supplier Master Agreement, Master Agreement

Posting Margin and Return of Surplus Margin. (a) If at any time and from time to time during the term of this Agreement, Agreement the Total Exposure Amount, rounded by the Rounding Amountamount, exceeds the DS Supplier’s or the Guarantor’s credit limit by the Minimum Transfer AmountAmount (MTA), then the Company Company, on any Business Day, may request that the DS Supplier provide cash or a letter of credit in an acceptable form as defined in Article 6.7(b) of this Agreement (see standard format in Appendix FExhibit 4), in an amount equal to the Margin (less any Margin posted by the DS Supplier and held by the Company pursuant to this Agreement or any other agreement(s) between the Company and the DS Supplier for the provision of DS Supply). If the DS Supplier receives written notice for Margin from the Company by 1:00

Appears in 1 contract

Samples: Universal Default Supplier Master Agreement

Posting Margin and Return of Surplus Margin. (a) If at any time and from time to time during the term of this Agreement, the Total Exposure Amount, rounded by the Rounding Amountamount, exceeds the DS Supplier’s or the Guarantor’s credit limit by the Minimum Transfer AmountAmount (MTA), then the Company on any Business Day, may request that the DS Supplier provide cash or a letter of credit in an acceptable form as defined in Article 6.7(b) of this Agreement (see standard format in Appendix F), in an amount equal to the Margin (less any Margin posted by the DS Supplier and held by the Company pursuant to this Agreement or any other agreement(s) between the Company and the DS Supplier for the provision of DS Supply). If the DS Supplier receives written notice for Margin from the Company by 1:00.

Appears in 1 contract

Samples: Master Agreement

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Posting Margin and Return of Surplus Margin. (a) If at any time and from time to time during the term of this Agreement, Agreement the Total Exposure Amount, rounded up by the Rounding Amountamount, exceeds the DS Supplier’s or the Guarantor’s credit limit by the Minimum Transfer AmountAmount (MTA), then the Company Company, on any Business Day, may request that the DS Supplier provide cash or a letter of credit in an acceptable form as defined in Article 6.7(b) of this Agreement (see standard format in Appendix FExhibit 4), in an amount equal to the Margin (less any Margin posted by the DS Supplier and held by the Company pursuant to this Agreement or any other agreement(s) between the Company and the DS Supplier for the provision of DS Supply). If the DS Supplier receives written notice for Margin Xxxxxx from the Company by 1:00

Appears in 1 contract

Samples: Universal Default Supplier Master Agreement

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