Required Credit Support Sample Clauses

Required Credit Support a. GLNG shall, at its sole cost, maintain in full force and effect any letter(s) of credit, guarantee(s) or other credit support currently being maintained in respect of any Required Credit Support.
Sample 1
AutoNDA by SimpleDocs
Required Credit Support. Customer shall maintain, at all times during the term of this Agreement starting upon the First In-Service Date, credit support in the form of one of the following, or a combination thereof, in a total amount equal to an amount which the Parties agree shall be acceptable credit support for Customer (“Guaranty Limit”):
Sample 1
Required Credit Support. 1. The Indemnitor Letter of Credit issued by GLNG in accordance with section 2 of the indemnity agreement entered into between GLNG, the Company and Stonepeak Infrastructure Fund II Cayman (G) Ltd on 15 April 2021. Schedule B1 BIMCO Xxxxxxx Agreement to be inserted Schedule B2 Bermuda Services Agreement to be inserted Schedule C Management Agreements Tier 1 Management Agreements Asset Golar Counterparty / Owner Tier 1 Service Provider Nanook Golar FSRU8 Corporation (to be replaced by Golar Nanook UK Limited from the Effective Time in the discretion of the Parent) GML Celsius Xxxxx Xxxx M2026 Corp. GML Xxxxxxx Xxxxx Xxxx M2023 Corp. GML Corporate Hygo Energy Transition Ltd Golar Management Bermuda Tier 2 Management Agreements Counterparty Service Provider GML Golar Management Norway AS GML Golar Management Malaysia SDN BHD GML Golar Management D.O.O.
Sample 1

Related to Required Credit Support

  • Credit Support A Credit Support Document between the Parties may apply to obligations governed by the Agreement. If the Parties have executed a Credit Support Document, such Credit Support Document shall be subject to the terms of the Agreement and is hereby incorporated by reference in the Agreement. In the event of any conflict between a Credit Support Document and the Agreement, the Agreement shall prevail, except for any provision in such Credit Support Document in respect of governing law.

  • Credit Support Obligations (i) Delivery Amount, Return Amount and Credit Support Amount.

  • Credit Support Provider Credit Support Provider means in relation to Party A, not applicable. Credit Support Provider means in relation to Party B, not applicable.

  • Credit Support Documents With respect to Xxxxxx, if applicable, any Third Party Credit Support Document delivered by Xxxxxx shall constitute a Credit Support Document. With respect to Xxxxxx and the Counterparty, if applicable, any Approved Credit Support Document shall constitute a Credit Support Document.

  • Alternative Credit Support Election (a) The Sellers may elect to effect a change in the calculation of the Class Percentage with respect to Finance Charge Collections during the Early Accumulation Period or the Amortization Period, as set forth in the definition of "Class Percentage," and increase the Available Class B Credit Enhancement Amount, by making an Alternative Credit Support Election. An Alternative Credit Support Election may be made as follows:

  • Certain Credit Support Events If (i) the L/C Issuer has honored any full or partial drawing request under any Letter of Credit and such drawing has resulted in an L/C Borrowing, (ii) as of the Letter of Credit Expiration Date, any L/C Obligation for any reason remains outstanding, (iii) the Borrower shall be required to provide Cash Collateral pursuant to Section 2.05 or 8.02(c), or (iv) there shall exist a Defaulting Lender, the Borrower shall immediately (in the case of clause (iii) above) or within one (1) Business Day (in all other cases) following any request by the Administrative Agent or the L/C Issuer, provide Cash Collateral in an amount not less than the applicable Minimum Collateral Amount (determined in the case of Cash Collateral provided pursuant to clause (iv) above, after giving effect to Section 2.15(a)(iv) and any Cash Collateral provided by the Defaulting Lender).

  • Credit Support Document Party A: The Credit Support Annex, and any guarantee in support of Party A’s obligations under this Agreement. Party B: The Credit Support Annex, solely in respect of Party B’s obligations under Paragraph 3(b) of the Credit Support Annex.

  • Credit Support Default (1) Failure by the party or any Credit Support Provider of such party to comply with or perform any agreement or obligation to be complied with or performed by it in accordance with any Credit Support Document if such failure is continuing after any applicable grace period has elapsed;

  • Credit Enhancement 55 SECTION 12.

  • REFERENCE TO THE CREDIT AGREEMENT (a) Upon the effectiveness of this First Amendment, each reference in the Credit Agreement to "this Agreement", "hereunder", or words of like import shall mean and be a reference to the Credit Agreement, as affected and amended hereby.

Time is Money Join Law Insider Premium to draft better contracts faster.