Common use of Working Credit Limit for Virtual Transactions Clause in Contracts

Working Credit Limit for Virtual Transactions. The “Working Credit Limit for Virtual Transactions” shall be calculated as 75% of the Market Participant’s Unsecured Credit Allowance and/or 75% of the Collateral provided by the Market Participant to PJMSettlement when the Market Participant is at or below its Peak Market Activity credit requirements as specified in Tariff, Attachment Q, section V.A. When the Market Participant provides additional Unsecured Credit Allowance and/or Collateral in excess of its

Appears in 4 contracts

Samples: Construction Service Agreement, Construction Service Agreement, Construction Service Agreement

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