Posting of Collateral Sample Clauses

Posting of Collateral. If Party A or any guarantor under a Qualified Guaranty is assigned Limited Qualifying Ratings or Disqualifying Ratings by a Rating Agency, then, within, with respect to:
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Posting of Collateral. From and after the A&R Date, post directly or indirectly any collateral with respect to any power, gas or other commodity purchases or sales or any hedging transactions with any Person other than (a) collateral postings for transactions outstanding on the A&R Date which, as of the A&R Date, are under obligation to be returned to the Reliant Retail Obligors, (b) in accordance with Section 2.07 and Section 6.11(c)(iv)(I) and (c) during the Transition Period and the Unwind Period, in connection with power, gas or other commodity purchases or sales or any hedging transactions entered into in accordance with Section 2.01(b) and, in which event, only with Available Funds.
Sample 1
Posting of Collateral. At any time and from time to time, upon the request of the Borrower, the Lender may approve the pledge of additional property partnerships, equity interests in MTEs related to additional property partnerships, construction loans, or any other type of collateral proposed by the Borrower, subject to the approval of MRC Investment Committee (“Lender’s Credit Committee”) in its sole and absolute discretion, as additional Collateral securing the Obligations hereunder. Upon the approval of Lender’s Credit Committee, in its sole discretion, of one or more additional property partnerships, equity interests, construction loans or additional collateral as Collateral securing the Obligations, such additional collateral shall be deemed a Property Partnership, Corporate Property Partnership or Additional Collateral hereunder, as agreed to by Lender and Borrower, and the Borrower, MTE and/or Guarantor, as the case may be, shall execute an equity pledge agreement or pledge and security agreement in the form substantially similar to the Pledge Agreements. Schedule B attached hereto and listing the Property Partnerships shall automatically and without further actions of either party be amended to include such additional property partnerships as Collateral.
Sample 1
Posting of Collateral. (a) Upon the occurrence of the eighth DCL Guaranty Payment Failure, DCL shall post to the Collateral Posting Account, for the benefit of the FSA Parties, Eligible Collateral in the amount of $10 million (such posting, the “Collateral Posting”). The Collateral Posting shall be required to be made by DCL within the Cure Period following such eighth DCL Guaranty Payment Failure. For each DCL Guaranty Payment Failure occurring after the Collateral Posting, DCL shall post to the Collateral Posting Account, for the benefit of the FSA Parties, Eligible Collateral in an amount sufficient to cause the amount on deposit in the Collateral Posting Account (other than amounts deposited pursuant to Section 5.1(b)) to equal $10 million. (b) DCL Collateral credited to the Collateral Posting Account pursuant to this Article V may be withdrawn only by the related FSA Party, only to satisfy a DCL Guaranty Payment Failure under the FSA Global DCL Guarantees, and DCL shall be required to deposit into the Collateral Posting Account an amount equal to any amounts so withdrawn, together with interest thereon calculated using the Late Rate, not later than the 5th Business Day following notice to DCL of such withdrawal, until the Collateral Posting is released under Section 5.3(c). (c) Any DCL Collateral credited to the Collateral Posting Account shall be returned to DCL and the security interests granted to the FSA Parties in such DCL Collateral will terminate (i) at such time as there has been no DCL Guaranty Payment Failure for a period of 12 consecutive months; provided, that no DCL Default shall have occurred and be continuing as of the end of such period, or (ii) if sooner, the date on which all FSA MTN Business Policies have been paid in full or terminated. (d) Other than with respect to the deposit of DCL Collateral into the Blocked Accounts as described in this Agreement, neither DCL nor any of its Affiliates shall be required to collateralize for any exposure of the FSA Parties or their Affiliates in relation to liabilities of the Medium-Term Note Business. (e) Other than as described in Article IV with respect to DCL’s obligation to issue Claims Reserves LOCs under the circumstances described therein, neither DCL nor any of its Affiliates shall be required to be responsible for any costs of capital for any exposure of the FSA Parties or their Affiliates in relation to liabilities of the Medium-Term Note Business.
Sample 1
Posting of Collateral. If Party A or its guarantor under a Qualified Guaranty has Limited Qualifying Ratings or Disqualifying Ratings assigned by a Rating Agency, then, during the period commencing no later than the earlier of (1) thirty (30) Local Business Days thereafter with respect to Moody's ratings; or (2) ten (10) Business Days thereafter with respect to S&P ratings; or (3) thirty (30) calendar days thereafter with respect to Fitch ratings (or, in each case, if such ratings exist from the time Party A becomes a party hereto or the guarantor under a Qualified Guaranty becomes such guarantor, from such time), and for so long as such Limited Qualifying Ratings or Disqualifying Ratings continue, Party A shall, at its own expense, post collateral in accordance with the Credit Support Annex, unless, prior to the commencement of such time period, Party A either, in each case subject to the S&P Rating Condition, (x) novates, assigns or transfers the Transactions to or replaces the Transactions with Replacement Transactions with a Qualified Transferee; or (y) obtains a Qualified Guaranty.
Sample 1
Posting of Collateral. If Party A or any guarantor under a Qualified Guaranty is assigned Limited Qualifying Ratings or Disqualifying Ratings by a Rating Agency, then, within, with respect to: (1) XXXXX'X: thirty (30) Local Business Days (2) S&P: ten (10) Local Business Days (3) FITCH: thirty (30) calendar days thereafter (or if such ratings exist from the time Party A becomes a party hereto or the guarantor under a Qualified Guaranty becomes such guarantor, from such time), and for so long as such Limited Qualifying Ratings or Disqualifying Ratings continue, Party A shall, at its own expense, post collateral in accordance with the Credit Support Annex.
Sample 1
Posting of Collateral. To protect either Party against potential default of payment or performance, a Party experiencing a MAC (a “MAC Party”) shall post Collateral with the other Party (the “Secured Party”) in an amount equal to the highest three (3) Months of Seller’s xxxxxxxx under this Agreement for the previous twelve (12) Months (the “Collateral Amount”); provided, if such billing amount is not determinable, then the Collateral Amount shall be determined utilizing the highest three (3) Months of Santee Cooper’s xxxxxxxx under the CIA. Such Collateral shall be posted on the Commencement Date or within three (3) Business Days following date on which a MAC Notice is provided, as applicable. The Collateral may be in the form of: (a) A letter of credit from an Issuer, in a form reasonably acceptable to a Secured Party (“Letter(s) of Credit”). Such Letter(s) of Credit must be for a minimum term of three hundred sixty (360) Days. The MAC Party shall give the Secured Party at least twenty (20) Days prior written notice prior to any expiration or earlier termination of the Letter(s)
Sample 1
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Posting of Collateral. Post directly or indirectly any collateral with respect to any power, gas or other commodity purchases or sales or any hedging transactions with any Person other than (a) collateral postings for transactions outstanding on the Third A&R Date which, as of the Third A&R Date, are under obligation to be returned to the Reliant Retail Obligors, (b) the Sleeve Provider, and (c) during an Unwind Period, in connection with power, ancillary services, transmission, distribution, gas, REC or other commodity purchases or sales, ERCOT requirements or any hedging transactions entered into in accordance with Section 2.01(b) and, in which event, only with funds available pursuant to Section 6.11(c)(xi).
Sample 1
Posting of Collateral. From and after the Effective Date, post directly or indirectly any collateral with respect to any power, gas or other commodity purchases of sales or any hedging transactions with any Person other than (a) in accordance with Section 2.07 and (b) during the Transition Period and the Unwind Period, in connection with power, gas or other commodity purchases of sales or any hedging transactions entered into in accordance with Section 2.01(b) and, in which event, only with Available Funds.
Sample 1

Related to Posting of Collateral

  • Location of Collateral All tangible items of Collateral, other than Inventory in transit, shall at all times be kept by Borrowers at the business locations set forth in Schedule 8.6.1, except that Borrowers may (a) make sales or other dispositions of Collateral in accordance with Section 10.2.6; and (b) move Collateral to another location in the United States, upon 30 Business Days prior written notice to Agent.

  • Types of Collateral None of the Collateral consists of, or is the Proceeds of, As-Extracted Collateral, Consumer Goods, Farm Products, Manufactured Homes or standing timber.

  • Loss of Collateral There occurs any uninsured loss to any material portion of the Collateral; or

  • Removal of Collateral Grantor shall keep the Collateral (or to the extent the Collateral consists of intangible property such as accounts, the records concerning the Collateral) at Grantor's address shown above, or at such other locations as are acceptable to Lender. Except in the ordinary course of its business, including the sales of inventory, Grantor shall not remove the Collateral from its existing locations without the prior written consent of Lender. To the extent that the Collateral consists of vehicles, or other titled property, Grantor shall not take or permit any action which would require application for certificates of title for the vehicles outside the State of California, without the prior written consent of Lender.

  • Sale of Collateral (a) The power to effect any sale (a “Sale”) of any portion of the Collateral pursuant to Section 11.5 shall not be exhausted by any one or more Sales as to any portion of such Collateral remaining unsold, but shall continue unimpaired until the entire Collateral shall have been sold or all amounts payable on the Notes shall have been paid, whichever occurs later. The Trustee may from time to time postpone any Sale by public announcement made at the time and place of such Sale. The Trustee hereby expressly waives its right to any amount fixed by law as compensation for any Sale. The Trustee may reimburse itself from the proceeds of any sale for the reasonable costs and expenses incurred in connection with such sale. The net proceeds of such sale shall be applied as provided in this Indenture. (b) The Trustee and the Collateral Agent shall execute and deliver an appropriate instrument of conveyance transferring its interest in any portion of the Collateral in connection with a Sale thereof. In addition, the Trustee is hereby irrevocably appointed the agent and attorney-in-fact of the Issuer to transfer and convey the Issuer’s interest in any portion of the Collateral in connection with a Sale thereof, and to take all action necessary to effect such Sale. No purchaser or transferee at such Sale shall be bound to ascertain the Trustee’s authority, inquire into the satisfaction of any conditions precedent or see to the application of any monies.

  • Transfer of Collateral Subject to the terms of the Credit Agreement, Secured Party may transfer any or all of the Obligations, and upon any such transfer Secured Party may transfer its interest in any or all of the Collateral and shall be fully discharged thereafter from all liability therefor. Any transferee of the Collateral shall be vested with all rights, powers, duties and remedies of Secured Party hereunder.

  • Application of Collateral The proceeds of any sale, or other realization (other than that received from a sale or other realization permitted by the Credit Agreement) upon all or any part of the Pledged Collateral pledged by the Pledgors shall be applied by the Secured Party as set forth in Section 7.06 of the Credit Agreement.

  • Locations of Collateral (a) Properties Owned by the Grantor: (b) Properties Leased by the Grantor or other related entity (Include Landlord’s Name): (c) Public Warehouses or other Locations pursuant to Bailment or Consignment Arrangements (include name of Warehouse Operator or other Bailee or Consignee):

  • Valuation of Collateral Securities Intermediary shall provide view only access to its systems to Secured Party for the purpose of communicating data as to the Reserve Account as of that date.

  • Release of Collateral Subject to Section 11.01 and the terms of the Basic Documents, the Indenture Trustee shall release property from the lien of this Indenture only upon receipt by it of an Issuer Request accompanied by an Officer’s Certificate, an Opinion of Counsel and Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(1) or an Opinion of Counsel in lieu of such Independent Certificates to the effect that the TIA does not require any such Independent Certificates.

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