Security Interest for “Obligations. The term “Obligations” as used in this Annex includes the following additional obligations: With respect to Party A: not applicable. With respect to Party B: not applicable.
Security Interest for “Obligations. The term “
Security Interest for “Obligations. The term “Obligations” as used in this Annex includes the following additional obligations: Not applicable.
Security Interest for “Obligations. The term “Obligations” as used in this Annex includes no additional obligations of Secured Party and, for purposes of the definition of Obligations in Paragraph 12, includes no additional obligations of Pledgor.
Security Interest for “Obligations. The term "Obligations" as used in this Annex includes no "additional obligations" within the meaning of Paragraph 12.
Security Interest for “Obligations. The term "Obligations" shall have the meaning set forth in Paragraph 12.
Security Interest for “Obligations. The term “Obligations” as used in the Credit Support Annex includes the following additional obligations: With respect to Party A: “Obligations” includes all obligations of Party A under this PPA and any other Fixed Price Customer Supply Contract. The definition of “Exposure” in the Credit Support Annex is amended to include the total credit exposure (the “Total Exposure Amount”) of Party B, on an aggregate basis, consisting of the sum of: (i) the positive difference between (a) the Three Year Market Value and (b) the Three Year Contract Value under this PPA; (ii) the exposure amount(s) under any other Fixed Price Customer Supply Contracts, however calculated under such contracts, including an amount calculated each Business Day reflecting the Settlement Amount that would be owed to Party B on such day if Party A had defaulted under such Fixed Price Customer Supply Contract; provided, that if a Fixed Price Customer Supply Contract does not include provisions for margining xxxx-to-market exposure, then such Fixed Price Customer Supply Contract will not be included for purposes of this calculation; and (iii) any amount required as security from Party A pursuant to any Fixed Price Customer Supply Contract that is not collateral posted as margin and treated as part of any Exposure amount; provided, however, that in the event the Total Exposure Amount for any day is a negative number, the Total Exposure Amount shall be deemed to be zero for such day. Any collateral or security previously posted by Party A under this PPA or any other Fixed Price Customer Supply Contract will be netted against the Total Exposure Amount when determining collateral requirements. For the avoidance of doubt, the REC Collateral requirement set forth above is not included in this definition for purposes of this Section 8. The following definitions are added to the Credit Support Annex:
Security Interest for “Obligations. As security for the payment and performance of the Obligations, the Borrower does hereby pledge, assign, transfer, deliver and grant to the Bank, for its own benefit and as agent for its Affiliates, a continuing and unconditional first priority security interest in and to any and all property of the Borrower, of any kind or description, tangible or intangible, wheresoever located and whether now existing or hereafter arising or acquired, including the following (all of which property, along with the products and proceeds therefrom, are individually and collectively referred to as the “Collateral”):
Security Interest for “Obligations. The term “Obligations” as used herein means any and all present and future obligations of Counterparty to CS under or in connection with the Transaction or the Agreement.
Security Interest for “Obligations. The term “Obligations” as used in this Annex includes the following additional obligations: With respect to Party A:None With respect to Party B:All obligations of Party B or any Affiliate of Party B to Party A or any of Party A’s Affiliates, whether direct or indirect, absolute or contingent, due or to become due or now existing or hereafter incurred, arising under or owed under the terms of (i) this Agreement (including any Confirmation hereunder), (ii) that certain Energy Services Agreement, dated as of the date hereof, between Party A and Party B (the “ESA”), (iii) that certain Security Agreement, dated as of the date hereof, by Party B in favor of Party A (the “Security Agreement”), (iv) that certain Pledge Agreement, dated as of the date hereof, by and between Summer Energy Holdings, Inc. in favor of Party A (the “Pledge Agreement”) and (v) that certain Guaranty, dated as of the date hereof, by Summer Energy Holdings, Inc., in favor of Party A (the “Guaranty” and, together with this Agreement and all Confirmations hereto, the ESA, the Security Agreement, and the Pledge Agreement, the “Secured Documents” ) (including post-petition interest or other obligations arising under the terms of any of the Secured Documents for which Party B obtains relief under bankruptcy or other laws providing for relief from creditors) and any renewals, extensions, increases or rearrangements of the Secured Documents. Credit Support Obligations. DBl/ 97256732.2 ISDA®1994
