Common use of Replacement Credit Support Clause in Contracts

Replacement Credit Support. If the Seller Guarantor ceases to be an Acceptable Guarantor, then Seller shall be required to either (i) provide a replacement Seller Guaranty from a different Acceptable Guarantor, or (ii) replace the Seller Guaranty provided by the unqualified Seller Guarantor with a Seller Letter of Credit meeting the criteria set forth in this Article 16, in each case, no later than ten (10) Business Days after such the Guarantor ceases to be an Acceptable Guarantor. 47

Replacement Credit Support. If the Seller Guarantor ceases to be an Acceptable Guarantor, then Seller shall be required to either (i) provide a replacement Seller Guaranty from a different Acceptable Guarantor, or (ii) replace the Seller Guaranty provided by the unqualified Seller Guarantor with a Seller Letter of Credit meeting the criteria set forth in this Article 16, in each case, no later than ten (10) Business Days after such the Guarantor ceases to be an Acceptable Guarantor. 4745

Replacement Credit Support. If the Seller Purchaser Guarantor ceases to be an Acceptable Guarantor, then Seller Purchaser shall be required to either (i) provide a replacement Seller Purchaser Guaranty from a different Acceptable Guarantor, or (ii) replace the Seller Purchaser Guaranty provided by the unqualified Seller Purchaser Guarantor with a Seller Purchaser Letter of Credit meeting the criteria set forth in this Article 1617, in each case, no later than ten (10) Business Days after such the Purchaser Guarantor ceases to be an Acceptable Guarantor. 47

Replacement Credit Support. If the Seller Purchaser Guarantor ceases to be an Acceptable Guarantor, then Seller Purchaser shall be required to either (i) provide a replacement Seller Purchaser Guaranty from a different Acceptable Guarantor, or (ii) replace the Seller Purchaser Guaranty provided by the unqualified Seller Purchaser Guarantor with a Seller Purchaser Letter of Credit meeting the criteria set forth in this Article 1617, in each case, no later than ten (10) Business Days after such the Purchaser Guarantor ceases to be an Acceptable Guarantor. 4748

Replacement Credit Support. If the Seller Guarantor ceases to be an Acceptable Guarantor, then Seller shall be required to either (i) provide a replacement Seller Guaranty from a different Acceptable Guarantor, or (ii) replace the Seller Guaranty provided by the unqualified Seller Guarantor with a Seller Letter of Credit meeting the criteria set forth in this Article 1612, in each case, no later than ten (10) Business Days after such the Guarantor ceases to be an Acceptable Guarantor. 4729