Security and Credit Support Sample Clauses

Security and Credit Support. (i) Without limitation of Section 5.6(b), if DGOC (or any of its Affiliates) markets any Hydrocarbon production of the Oaktree Group from or attributable to the JV Interests, none of Oaktree or any of its Affiliates shall be obligated to provide any security or credit support to any counterparty to any agreement or arrangement in respect of the marketing, transportation, gathering, processing or treatment of such Hydrocarbon production unless otherwise expressly agreed to in writing by Oaktree.
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Security and Credit Support. 45 8.1 Project Development Security. 45 8.2 Default Security. 46
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Security and Credit Support. 24 8.1 Representations and Warranties in Lieu of Default Security 24 8.1.1 Financial Condition 24
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Security and Credit Support. 7.1 Credit Support. At any time during the Term, Seller may have to post Credit Support Security in the amounts outlined on the Credit Matrix based upon its’ Credit Rating or that of the entity providing credit assurances as Credit Support Security on behalf of the Seller, and the size of the project. If Seller has a published Credit Rating from each of S&P and Xxxxx’x, the lower rating will be used to determine the level of Credit Support in the Credit Matrix. If Seller, or the entity providing credit assurances as Credit Support Security on behalf of the Seller, has no published Credit Rating, an equivalent Credit Rating will be determined by Buyer through the application of Buyer’s proprietary credit scoring model developed in conjunction with a third party, and the amount of Credit Support for Seller (as shown on the Credit Matrix) will be based upon this equivalent Credit Rating. If the required Credit Support is greater than zero dollars ($0.00), upon the request of Buyer, Seller shall provide the Credit Support in the form of: (x) a guaranty, in form and substance acceptable to Buyer in its sole discretion from a Person acceptable to Buyer in its sole discretion, (y) a Letter of Credit, or (z) a Cash Escrow. [IE has requested language to the effect of: Buyer shall be required to post Credit Support Security in the amount of % of the Credit Support if the same is required at any time before the milestone set forth in Section 2.2.3 has been met; and after such milestone has been met, Buyer shall be required to post Credit Support Security in the amount of 100% of the required Credit Support.]‌
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Security and Credit Support 
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Related to Security and Credit Support

  • Security and Offset Issuer hereby grants to NCPS and the Indemnified Parties a security interest in and lien upon the Escrow Funds (to the extent of Issuer’s rights thereto) to secure all obligations hereunder, and NCPS and the Indemnified Parties shall have the right to offset the amount of any compensation or reimbursement due any of them hereunder (including any claim for indemnification pursuant to Section 9 hereof) against the Escrow Funds (to the extent of Issuer’s rights thereto.) If for any reason the Escrow Funds available to NCPS and the Indemnified Parties pursuant to such security interest or right of offset are insufficient to cover such compensation and reimbursement, Issuer shall promptly pay such amounts to NCPS and the Indemnified Parties upon receipt of an itemized invoice.

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