Examples of Collateral Period in a sentence
On the date hereof, no Trigger Period or Debt Yield Collateral Period exists.
At no time during the Replacement Collateral Period shall the Enron Parties be obligated to release any cash Collateral to New Power that would result in New Power having posted cash Collateral to the Enron Parties of less than $70,000,000 unless New Power’s Collateral requirement under the Master Netting Agreement is less than such amount, in which case all of New Power’s Collateral posted to the Enron Parties shall be provided in cash.
Barclays Bank hereby agrees to procure that BONY (or any of its affiliates) will provide during each Collateral Period (as defined in the Collateral Account Agreement) the valuation and reporting services contemplated to be provided by the “Service Provider” thereunder.
The Parties expressly acknowledge and agree that the Substitution Amount of Replacement Collateral, as determined from time to time pursuant to the terms hereof, shall constitute acceptable Collateral for the obligations of New Power under the Master Netting Agreement during the Replacement Collateral Period.
Section 6(g) of the Master Netting Agreement is hereby amended by deleting the amount “$15,000,000” in the tenth line thereof and inserting in its place “$0 for the Replacement Collateral Period and $15,000,000 thereafter.” For clarification, the proviso after the words "$15,000,000 thereafter" shall remain in full force and effect notwithstanding this Second Amendment.