Posting Margin and Return of Surplus Margin. (i) If at any time during the Term, the Total Exposure Amount exceeds the BGS- FP Supplier’s Credit Limit, then the Companies, on any Business Day, may request that BGS- FP Supplier provide Margin in the form of cash or a Letter of Credit (a “Margin Call”). The Margin requirement will be rounded up to the nearest $100,000.
Appears in 3 contracts
Samples: Supplier Forward Contract, Forward Contract, Forward Contract
Posting Margin and Return of Surplus Margin. (i) If at any time during the Term, the Total Exposure Amount exceeds the BGS- BGS-FP Supplier’s Credit Limit, then each of the Companies, on any Business Day, may request that BGS- the BGS-FP Supplier provide Margin in the form of cash or a Letter of Credit (a “Margin Call”). The Margin requirement will be rounded up to the nearest $100,000.
Appears in 2 contracts
Samples: Forward Contract (Dynegy Inc /Il/), Guaranty (Dynegy Inc /Il/)
Posting Margin and Return of Surplus Margin. (i) 6.1.a.If at any time during the Term, the Total Exposure Amount exceeds the BGS- BGS-FP Supplier’s Credit Limit, then the Companies, on any Business Day, may request that BGS- BGS-FP Supplier provide Margin in the form of cash or a Letter of Credit Credit, in an amount equal to the Margin Requirement (a “Margin Call”). The Margin requirement Requirementrequirement will be rounded up to the nearest $100,000.
Appears in 1 contract
Samples: Supplier Forward Contract
