Alternate Credit Support definition

Alternate Credit Support means any letter of credit, credit facility, insurance policy, guarantee or other credit support agreement or security mechanism provided by the Borrower in accordance with Section 6.08 of the Agreement and any extension thereof.
Sample 1Sample 2Sample 3
Alternate Credit Support means any letter of credit, credit facility, insurance policy, guarantee or other credit support agreement or security mechanism provided by the Borrower in accordance with Section 6.08 hereof and any extension thereof.
Sample 1Sample 2Sample 3

Examples of Alternate Credit Support in a sentence

  • If Alternate Credit Support is required to satisfy creditworthiness, such Alternate Credit Support shall be provided by Bidder upon demand by WIC.

  • If after the Effective Date, Bidder fails to provide required Alternate Credit Support within five (5) business days of written demand from WIC, then in addition to any and all other remedies otherwise available to WIC at law or in equity, WIC may immediately terminate the bid.

  • We will continue to be open minded in this area and we are currently finalising the details for an update to our current Schedule 3 Alternate Credit Support Scheme.

Related to Alternate Credit Support

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

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

  • 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 Instrument" "Credit Support Provider"

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

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

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

  • 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;

  • 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 %

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

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

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

  • 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), 3(c)(ii) or 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 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.

  • 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 Rate means, for any day, the sum of (a) a rate per annum selected by the Administrative Agent, in its reasonable discretion based on market conditions in consultation with the Company (and any applicable Subsidiary Borrower) and the relevant Lenders, plus (b) the Applicable Margin for Eurocurrency Loans. When used in reference to any Loan, “Alternate Rate” refers to whether such Loan is bearing interest at a rate determined by reference to the Alternate Rate.

  • Credit Support Annex means the Credit Support Annex annexed to this Agreement.

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

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

  • Alternate Consideration shall have the meaning set forth in Section 5(e).

  • Alternate means a proposed possible change in the Trade Contractor Work as described in the Trade Contract Documents.

  • Senior Specified Enhancement Percentage As of any date of determination, 38.00%.

  • Alternate Conversion Price means, with respect to any Alternate Conversion that price which shall be the lowest of (i) the applicable Conversion Price as in effect on the applicable Conversion Date of the applicable Alternate Conversion, and (ii) the greater of (x) the Floor Price and (y) 80% of the lowest VWAP of the Common Stock during the five (5) consecutive Trading Day period ending and including the Trading Day immediately preceding the delivery or deemed delivery of the applicable Conversion Notice (such period, the “Alternate Conversion Measuring Period”). All such determinations to be appropriately adjusted for any stock dividend, stock split, stock combination, reclassification or similar transaction that proportionately decreases or increases the Common Stock during such Alternate Conversion Measuring Period.