Additional Credit Support definition

Additional Credit Support means a guaranty of the Owner’s payment obligations under the Agreement issued by Avangrid, Inc. in a form reasonably satisfactory to the Distribution Company.
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Additional Credit Support means one or more of the following, issued in favor of or otherwise held by or for the benefit of Owner or Purchaser, as applicable:
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Additional Credit Support has the meaning set forth in Section 5.15.
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Examples of Additional Credit Support in a sentence

  • We can also help with energy efficiency advice to reduce your energy costs and explore the possibility of providing discretionary credit (also known as Additional Credit Support).

  • For non-ISDA documents (Additional Master Agreements or Additional Credit Support Documents), the relevant document must be listed in the Additional Documents Annex of the Protocol as an 'Additional Master Agreement' or an 'Additional Credit Support Document'.

  • Each party agrees that all right, title and interest in and to any Credit Support, Initial Amount, Additional Credit Support, Distributions or Interest Amount which it transfers to the other party under the terms of this Annex shall vest in the recipient free and clear of any liens, claims, charges or encumbrances or any other interest of the transferring party or of any third person.

  • All costs and expenses incurred in connection with the release or substitution of the Credit Support Instruments and the Additional Credit Support, as the case may be, shall be borne by the Acquirer Parties.

  • At the time of any additional loan described in this Section 8, Discover Bank as Servicer and the Credit Enhancement Provider may agree in writing that the Supplemental Credit Enhancement Amount, the Increased Credit Enhancement Amount or the Additional Credit Support Amount, as applicable, shall bear interest at a different LIBOR-Based Rate, which rate shall reflect prevailing market conditions and the expected duration of such additional loan.

  • All costs and expenses incurred in connection with the release or substitution of the Credit Support Instruments and the Additional Credit Support, as the case may be, shall be borne by the Purchaser and the Xxxxxx Holdcos.

  • Interest rates are determined annually based on the Final Auction of the 10-year U.S. Treasury Bills prior to June 1st and are not to exceed 8.25%.

  • From and after the Contribution Closing, the Acquirer Parties shall indemnify the Devon Entities for any and all Losses arising from or relating to the Credit Support Instruments and the Additional Credit Support.

  • The Protocol includes an Additional Documents Annex that provides a full list of Additional Master Agreements and Additional Credit Support Documents.

  • In the event that an Alternative Credit Support Election is made pursuant to the provisions of the Series Supplement, Discover Bank on behalf of the Holder of the Seller Certificate may request that the Credit Enhancement Provider make an additional loan in the amount of the Additional Credit Support Amount.


More Definitions of Additional Credit Support

Additional Credit Support means (i) a Qualifying Letter of Credit or (ii) Qualifying Cash Collateral. ​
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Additional Credit Support. With respect to each Domestic Subsidiary of U.S. Borrower acquired, organized or formed after the Closing Date (and each Domestic Subsidiary which is an Immaterial Subsidiary at any time and which thereafter ceases to be an Immaterial Subsidiary), U.S. Borrower shall cause each such Domestic Subsidiary to execute such guaranties of the payment and performance of the Obligations and grant such Liens securing the Obligations and do and cause to be done such further acts with respect to the enforceability of such guaranties and perfection of such Liens as Agent and North American Collateral Agent (as applicable) shall reasonably request, and U.S. Borrower shall pledge the Stock of such Subsidiary to secure the Obligations and execute such further documents, instruments and agreements evidencing the same as the Agent or the North American Collateral Agent may reasonably request.
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Additional Credit Support. Amount The lesser of (x)(i) $15,789,480 prior to the occurrence of a Supplemental Credit Enhancement Event or (ii) $10,526,320 following the occurrence of a Supplemental Credit Enhancement Event and (y) the difference between the Maximum Class B Credit Enhancement Amount (after giving effect to an Alternative Credit Support Election) and the Available Class B Credit Enhancement Amount (immediately before giving effect to the Alternative Credit Support Election). Supplemental Credit Enhancement The lesser of (x)(i) $5,263,160 prior to Amount the occurrence of an Alternative Credit Support Election or (ii) zero following the occurrence of an Alternative Credit Support Election and (y) the difference between the Maximum Class B Credit Enhancement Amount (after giving effect to the occurrence of a Supplemental Credit Enhancement Event) and the Available Class B
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Additional Credit Support shall have the meaning set forth in Section 2.12.
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Additional Credit Support means (i) 100% of all Eligible Cash, or (ii) the then maximum amount available for drawing under the Eligible Letter of Credit; provided that to the extent the Additional Credit Support exceeds $2,500,000, no Eligible Cash shall be included as Additional Credit Support unless the Borrowers have not obtained the Eligible Letter of Credit after having used commercially reasonable efforts in respect thereof.
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Additional Credit Support means, in respect of a Designated Reference Obligation, an amount equal to the USD Equivalent of the product of (a) the Book Value of such Designated Reference Obligation, and (b) the quotient of (i) the Designated Face Amount, and (ii) the Traded Face Amount.
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Related to Additional Credit Support

  • QFC Credit Support has the meaning specified in Section 11.21.

  • Credit Support Instrument" "Credit Support Provider"

  • credit supporter means a person or company that provides a guarantee or alternative credit support for any of the payments to be made by an issuer of securities as stipulated in the terms of the securities or in an agreement governing rights of, or granting rights to, holders of the securities;

  • Substitute Credit Support has the meaning specified in Paragraph 4(d)(i).

  • S&P Credit Support Amount means, for any Valuation Date, the excess, if any, of:

  • Posted Credit Support means Posted Collateral and Other Posted Support.

  • Fitch Credit Support Amount means, for any Valuation Date, the excess, if any, of:

  • Additional Credit Party means each Person that becomes a Guarantor by execution of a Joinder Agreement in accordance with Section 5.10.

  • Credit Support Provider has the meaning specified in the Schedule.

  • Credit Support Balance means, with respect to a Transferor on a Valuation Date, the aggregate of all Eligible Credit Support that has been transferred to or received by the Transferee under this Annex, together with any Distributions and all proceeds of any such Eligible Credit Support or Distributions, as reduced pursuant to Paragraph 2(b), Paragraph 3(c)(ii) or Paragraph 6. Any Equivalent Distributions or Interest Amount (or portion of either) not transferred pursuant to Paragraph 5(c)(i) or (ii) will form part of the Credit Support Balance.

  • Credit Support Amount has the meaning specified in Paragraph 3.

  • Eligible Credit Support means Eligible Collateral and Other Eligible Support.

  • Original Credit Agreement shall have the meaning assigned to such term in the recitals hereto.

  • Original Applicable Credit Support Percentage With respect to each of the following Classes of Subordinated Certificates, the corresponding percentage described below, as of the Closing Date: Class B-1 % Class B-2 % Class B-3 % Class B-4 % Class B-5 % Class B-6 %

  • Credit Support Instrument The instrument or document pursuant to which the Credit Support for a given Series (or Class within such Series) is provided, as specified in the applicable Supplement.

  • Existing ABL Credit Agreement means that certain ABL credit agreement, dated as of April 19, 2013, among Petco Animal Supplies, Inc., the lenders party thereto, Bank of America, N.A., (as successor to Credit Suisse AG) as administrative agent, Xxxxx Fargo Bank, National Association, as collateral agent, and the subsidiaries of Petco Animal Supplies, Inc. from time to time party thereto, as amended by that certain First Amendment to the ABL Credit Agreement, dated as of November 21, 2014.

  • Credit Support Default provisions of Section 5(a)(iii) will apply to Party A and will not apply to Party B.

  • Additional Credit Extension Amendment means an amendment to this Agreement providing for any Incremental Commitments which shall be consistent with the applicable provisions of this Agreement relating to such Incremental Commitments and otherwise reasonably satisfactory to the Administrative Agent and the Borrower.

  • Senior Credit Support Depletion Date The date on which the Class Certificate Balance of each Class of Subordinated Certificates has been reduced to zero.

  • Alternate Credit Facility means any irrevocable direct pay letter of credit, insurance policy or similar credit enhancement or support facility for the benefit of the Trustee, the terms of which Alternate Credit Facility shall in all respects material to the registered owners of the Bonds be the same (except for the term set forth in such Alternate Credit Facility) as those of the Letter of Credit.

  • Credit Support Instruments has the meaning set forth in Section 3.01(a).

  • Principal Credit Facility means any loan agreement, credit agreement, note purchase agreement, indenture or similar document under which credit facilities in the aggregate original principal or commitment amount of at least $20,000,000 are provided for.

  • Applicable Credit Support Percentage As defined in Section 4.02(e).

  • Service Level Credit is defined in Section 8.

  • Credit Support Depletion Date The first Distribution Date on which the Certificate Principal Balances of the Subordinate Certificates have been reduced to zero.