An Early Termination Date definition

An Early Termination Date. (as defined in the Renewable Energy Credit Agreement dated as of United States Dollars ($ ) [or the entire undrawn amount of the Letter of Credit]”; or

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An Early Termination Date. (as defined in the Renewable Energy Credit Agreement dated as of between [Beneficiary Name] (“Beneficiary”) and [Account Party’s Name] (“Account Party”), as the same may be amended (the “REC Contract”)) has occurred and is continuing with respect to Account Party under the REC Contract and no Event of Default has occurred and is continuing with respect to the Beneficiary of this Letter of Credit. Wherefore, the undersigned does hereby demand payment of United States Dollars ($ ) [or the entire undrawn amount of the Letter of Credit]”; or

An Early Termination Date. (as defined in the Confirmation Agreement dated as of between [Beneficiary Name] (“Beneficiary”) and [Account Party’s Name] (“Account Party”), as the same may be amended (the “Confirmation Agreement”)) has occurred and is continuing with respect to Account Party under the Confirmation Agreement and no Event of Default has occurred and is continuing with respect to the Beneficiary of this Letter of Credit. Wherefore, the undersigned does hereby demand payment of United States Dollars ($ ) [or the entire undrawn amount of the Letter of Credit]”. The amount which may be drawn by you under this Letter of Credit shall be automatically reduced by the amount of any drawings paid by the Issuing Bank. Partial drawings and multiple presentations are permitted hereunder. We hereby agree with you that documents drawn under and in compliance with the terms and conditions of this Letter of Credit shall be duly honored upon presentation as specified. Drafts, document(s) and other communications hereunder may be presented or delivered to us by facsimile transmission. Presentation of documents to effect a draw by facsimile must be made to the following facsimile number: , and confirmed by telephone to us at the following number: _ . In the event of a presentation via facsimile transmission, no mail confirmation is necessary and the facsimile transmission will constitute the operative drawing documents. This Letter of Credit shall be governed by the Uniform Customs and Practice for Documentary Credits, 2007 Revision, International Chamber of Commerce Publication No. 600, or any successor publication thereto (the “UCP”), except to the extent that the terms hereof are inconsistent with the provisions of the UCP, including but not limited to Articles 14(b), 16(d) and 36 of the UCP, in which case the terms of this Letter of Credit shall govern. Matters not covered by the UCP shall be governed and construed in accordance with the laws of the State of New York. With respect to Article 14(b) of the UCP, the Issuing Bank shall have a reasonable amount of time, not to exceed three (3) Business Days, following the date of its receipt of documents from the Beneficiary, to examine the documents and determine whether to take up or refuse the documents and shall inform the Beneficiary accordingly. With respect to Article 16(d) of the UCP, the notice required in sub-article 16C must be given no later than the banks’ close of business on the third Business Day following the date of present...

Examples of An Early Termination Date in a sentence

• An Early Termination Date shall be deemed to occur immediately on the occurrence with respect to Party A’s Credit Support Provider of a Guarantor Bankruptcy Event of Default (as defined in the Enron Guaranty).

• An Early Termination Date shall be deemed to occur immediately on the occurrence with respect to Party A of any of the events specified in Section 6.01(e) of the Credit Agreement (subject to the grace period with respect to proceedings specified in such Section 6.01 (e) and provided that such period shall for the purposes hereof be 30 days).

• Buyer Defaults and Termination Events An Early Termination Date (as defined in the Buyer Swap) is designated by a Swap Counterparty pursuant to the terms of a Buyer Swap based on an Event of Default under Section 5(a)(vii) (Bankruptcy) of a Buyer Swap where Buyer is the Defaulting Party (as each term is defined in the Buyer Swap).

• An Early Termination Date (as defined under the Swap Agreement) shall have occurred under the Swap Agreement.

• An Early Termination Date (as defined in the Agreement) has occurred or been designated as a result of an Event of Default (as defined in the Agreement) with respect to the Applicant for which there exist any unsatisfied payment obligations.

More Definitions of An Early Termination Date

An Early Termination Date. (as defined in the Renewable Energy Credit Agreement dated as of between [Beneficiary Name] (“Beneficiary”) and [Account Party’s Name] (“Account This Letter of Credit shall expire on .

An Early Termination Date. (as defined in the Master Netting, Setoff, and Security Agreement dated as of November ___, 2002, between MCV and El Paso Merchant Energy, L.P., as the same may be amended (the "Master Agreement")) has been designated with respect to the Account Party under the Master Agreement. Wherefore, the undersigned does hereby demand payment in the amount of [US$___________]."