Common use of Review of Security Cover Clause in Contracts

Review of Security Cover. The Pool Funds Administrator shall keep under review the Security Amounts relating to each Providing Member and the Grid Operator and shall promptly advise the Executive Committee, the relevant Providing Member or (as the case may be) the Grid Operator whenever the Security Cover maintained by such Providing Member or (as the case may be) the Grid Operator is significantly more or less than the amount required to be maintained pursuant to this Part 3.

Appears in 2 contracts

Samples: Supplemental Agreement (Txu Eastern Holdongs LTD), Supplemental Agreement (Southern Investments Uk PLC)

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Review of Security Cover. The the Pool Funds Administrator shall keep under review the Security Amounts relating to each Providing Member and the Grid Operator Supplier and shall promptly advise the Executive Committee, Committee and the relevant Providing Member or (as the case may be) the Grid Operator Supplier whenever the Security Cover maintained by such Providing Member or (as the case may be) the Grid Operator Supplier is significantly more or less than the amount required to be maintained pursuant to this Part 3.

Appears in 1 contract

Samples: Supplemental Agreement (Yorkshire Power Group LTD)

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Review of Security Cover. The Pool Funds Administrator shall keep under review the Security Amounts relating to each Providing Member and the Grid Operator and shall promptly advise the Executive Committee, Committee and the relevant Providing Member or (as the case may be) the Grid Operator whenever the Security Cover maintained by such Providing Member or (as the case may be) the Grid Operator is significantly more or less than the amount required to be maintained pursuant to this Part 3.

Appears in 1 contract

Samples: Supplemental Agreement (Entergy London Capital Lp)

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