Counterparty Party definition

Counterparty Party means X, [list other acronyms].
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Counterparty Party means any of the AEP Energy Services Limited, Houston Pipe Line Company LP., AEP Gas Marketing, American Electric Power Service Corporation as Agent for the AEP Operating Companies (“AEPSC”) and AEP Energy Services, Inc. (“AEPESI”).
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Counterparty Party means any of DMT, DYPM, DBMT, DCI, and DUK.
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Examples of Counterparty Party in a sentence

  • Following receipt by Party B from Party A of a Substitution Notice pursuant to Condition 4(b)(i) (Substitution at direction of Counterparty), Party B shall, on the date specified for such substitution in the Substitution Notice, pay to Party A cash comprising the Charged Assets equal to the relevant Reduction Amount, free and clear of any interest of Party B or the Trustee.

  • Following receipt by Party B from Party A of a Substitution Notice pursuant to Condition 4(b)(i) (Substitution at direction of Counterparty), Party B shall, on the date specified for such substitution in the Substitution Notice, pay to Party A cash comprising the Charged Assets specified in the Substitution Notice as being subject to substitution, free and clear of any interest of Party B or the Trustee.

  • Each Counterparty Party does hereby appoint the Collateral Administrator for Counterparty Group as its Collateral Administrator hereunder and ratifies and confirms any and all acts of such Collateral Administrator as its own.

  • Date: Date: ANNEX I Supplemental Terms or Conditions to the Master Repurchase Agreement between (Party A), incorporated in , and Counterparty (Party B), incorporated in …………..

  • Except as required in Section 2 above, Guarantor hereby waives (a) notice of acceptance of this Guaranty; (b) presentment and demand concerning the liabilities of Guarantor; and (c) any right to require that any action or proceeding be brought against the Enron Parties or any other person, or to require that any Counterparty Party seek enforcement of any performance against any Enron Party or any other person, prior to any action against Guarantor under the terms hereof.

  • The Exposures of each Counterparty Party to each Enron Party under each Underlying Master Agreement shall be aggregated to determine the "Counterparty Group's Aggregate Exposure" to Enron Group.

  • Each of the Counterparty Parties shall be required to post Collateral to each of the Enron Parties if and to the extent that any of the Enron Parties has any exposure to any such Counterparty Party (i.e., each of the Counterparty Parties shall be deemed to have a Collateral Threshold of $0 for each Underlying Master Agreement).

  • Upon the occurrence and during the continuance of an Event of Default or Termination Event, as may be defined in any Contract, if any Enron Party (the “Defaulting Enron Party”) fails or refuses to pay any Obligations, and any Counterparty Party (the “Non-Defaulting Counterparty Party”) has elected to exercise its rights under this Guaranty, such Non-Defaulting Counterparty Party shall make a demand upon Guarantor (hereinafter referred to as a “Payment Demand”).

  • Subject to the provisions hereof, (a) Guarantor hereby irrevocably and unconditionally guarantees the timely payment when due of the obligations of the Enron Parties (the “Obligations”) to the Counterparty Parties under the Contracts, and (b) to the extent that any of the Enron Parties shall fail to pay any Obligations to any Counterparty Party, Guarantor shall promptly pay to such Counterparty Party the amount due.

  • A Payment Demand shall be in writing and shall reasonably and briefly specify in what manner and what amount the Defaulting Enron Party has failed to pay and an explanation of why such payment is due, with a specific statement that such Non-Defaulting Counterparty Party is calling upon Guarantor to pay under this Guaranty.


More Definitions of Counterparty Party

Counterparty Party shall have a correlative meaning.
Sample 1

Related to Counterparty Party

  • Counterparty means PJMSettlement as the contracting party, in its name and own right and not as an agent, to an agreement or transaction with a Market Participant or other entities, including the agreements and transactions with customers regarding transmission service and other transactions under the PJM Tariff and the Operating Agreement. PJMSettlement shall not be a counterparty to (i) any bilateral transactions between Members, or (ii) any Member’s self- supply of energy to serve its load, or (iii) any Member’s self-schedule of energy reported to the Office of the Interconnection to the extent that energy serves that Member’s own load.

  • Approved Counterparty means (a) any Lender or any Affiliate of a Lender and (b) any other Person whose long term senior unsecured debt rating is A-/A3 by S&P or Xxxxx’x (or their equivalent) or higher.

  • Hedging Counterparty means HSBC Bank plc or any Affiliate of HSBC Bank plc or any other party

  • Party/Parties means Buyer and Seller individually/collectively.

  • Derivatives Counterparty as defined in Section 7.6.

  • Third Party Provider means licensors, subcontractors and suppliers of BNYM furnishing the Third Party Products.

  • Financial Counterparty has the meaning given to such term in, and shall be interpreted in accordance with, 12 C.F.R. 252.81, 12 C.F.R. 382.1 and 12 C.F.R. 47.2.

  • Third-Party Lender means an entity that originated a loan to a consumer for the purchase of a motor vehicle and sold the loan to AmeriCredit or an Originating Affiliate pursuant to an Auto Loan Purchase and Sale Agreement.

  • Hedging Agreement Provider means any Person that enters into a Secured Hedging Agreement with a Credit Party or any of its Subsidiaries that is permitted by Section 6.1 to the extent such Person is a Lender, an Affiliate of a Lender or any other Person that was a Lender (or an Affiliate of a Lender) at the time it entered into the Secured Hedging Agreement but has ceased to be a Lender (or whose Affiliate has ceased to be a Lender) under the Credit Agreement.

  • Counterparties means banks and/or brokers through whom the Company may cover its transactions with Clients;

  • Hedge Counterparty means a Lender, the Administrative Agent or any of the Lender’s or the Administrative Agent’s affiliates (at the time a hedging agreement is entered into) who has entered into a hedging agreement for the purpose of hedging interest rate liabilities and/or any exchange rate and/or commodity price risks provided it has become a party, or by execution of an additional bank secured party acknowledgment has agreed to be bound by the terms of, to the First Lien Intercreditor Agreement in its capacity as hedge counterparty.

  • Lender Counterparty means each Lender or any Affiliate of a Lender counterparty to a Hedge Agreement or Banking Service Agreement (including any Person who is a Lender (and any Affiliate thereof) as of the Closing Date but subsequently, whether before or after entering into a Hedge Agreement or Banking Service Agreement, ceases to be a Lender).

  • central counterparty means a CCP as defined in point (1) of Article 2 of Regulation (EU) No 648/2012;

  • Counterparty Downgrade Collateral means any cash and/or securities delivered to the Issuer as collateral for the obligations of a Hedge Counterparty under a Hedge Transaction.

  • Eligible Counterparty means an “Eligible Counterparty” for the purposes of the Law.

  • Transaction Party means the Company and each Guarantor, collectively, “Transaction Parties”.

  • Hedging Party means at any relevant time, the Issuer, or any of its affiliates or any other party providing the Issuer directly or indirectly with hedging arrangements in relation to the Notes as the Issuer may select at such time.

  • Derivative Counterparty means any party to any Derivative Agreement other than the Issuer or the Indenture Trustee.

  • Hedge Counterparty Ratings Requirement means (a) either (i) the unsecured, short-term debt obligations of the substitute counterparty (or its Credit Support Provider) are rated at least “A-1” by S&P or (ii) if the substitute counterparty does not have a short-term rating from S&P, the unsecured, long-term senior debt obligations of the substitute counterparty (or its Credit Support Provider) are rated at least “A+” by S&P, (b) either (i) the unsecured, long-term senior debt obligations of such substitute counterparty (or its Credit Support Provider) are rated at least “A1” by Moody’s (and if rated “A1” by Moody’s, such rating is not on watch for possible downgrade to below “A1”) and the unsecured, short-term debt obligations of such substitute counterparty (or its Credit Support Provider) are rated at least “P-1” by Moody’s (and if rated “P-1” by Moody’s, such rating is not on watch for possible downgrade and remaining on watch for possible downgrade), or (ii) if such substitute counterparty (or its Credit Support Provider) does not have a short-term debt rating from Moody’s, the unsecured, long-term senior debt obligations of such substitute counterparty (or its Credit Support Provider) are rated at least “Aa3” by Moody’s (and if rated “Aa3” by Moody’s, such rating is not on watch for possible downgrade to below “Aa3”), and (c) either (i) the unsecured, long-term senior debt obligations of such substitute counterparty (or its Credit Support Provider) are rated at least “A” by Fitch or (ii) the unsecured, short-term debt obligations of such substitute counterparty (or its Credit Support Provider) are rated at least “F1” by Fitch. For the purpose of this definition, no direct or indirect recourse against one or more shareholders of the substitute counterparty (or against any Person in control of, or controlled by, or under common control with, any such shareholder) shall be deemed to constitute a guarantee, security or support of the obligations of the substitute counterparty.

  • Hedge Agreement means (a) any and all rate swap transactions, basis swaps, credit derivative transactions, forward rate transactions, commodity swaps, commodity options, forward commodity contracts, equity or equity index swaps or options, bond or bond price or bond index swaps or options or forward bond or forward bond price or forward bond index transactions, interest rate options, forward foreign exchange transactions, cap transactions, floor transactions, collar transactions, currency swap transactions, cross-currency rate swap transactions, currency options, spot contracts, or any other similar transactions or any combination of any of the foregoing (including any options to enter into any of the foregoing), whether or not any such transaction is governed by or subject to any master agreement, and (b) any and all transactions of any kind, and the related confirmations, which are subject to the terms and conditions of, or governed by, any form of master agreement published by the International Swaps and Derivatives Association, Inc., any International Foreign Exchange Master Agreement, or any other master agreement.

  • Rate Hedging Agreement means an agreement, device or arrangement providing for payments which are related to fluctuations of interest rates, exchange rates or forward rates, including, but not limited to, dollar-denominated or cross-currency interest rate exchange agreements, forward currency exchange agreements, interest rate cap or collar protection agreements, forward rate currency or interest rate options, puts and warrants.

  • Qualified Counterparty with respect to any Specified Hedge Agreement, any counterparty thereto that, at the time such Specified Hedge Agreement was entered into, was a Lender or an affiliate of a Lender.

  • Hedging Agreement means any interest rate protection agreement, foreign currency exchange agreement, commodity price protection agreement or other interest or currency exchange rate or commodity price hedging arrangement.

  • Third-party logistics provider means a person that provides or coordinates warehousing of or other logistics services for a drug or device in interstate commerce on behalf of a manufacturer, wholesale distributor, or dispenser of the drug or device but does not take ownership of the product or have responsibility for directing the sale or disposition of the product.

  • Acceptable Counterparty means any counterparty to the Interest Rate Cap Agreement that has and shall maintain, until the expiration of the applicable Interest Rate Cap Agreement, a long-term unsecured debt rating of at least “A+” by S&P and “Aa3” from Xxxxx’x, which rating shall not include a “t” or otherwise reflect a termination risk and is otherwise reasonably acceptable to Lender.

  • Related Party Agreement means any agreement, arrangement, or understanding between the Company and any Stockholder or any Affiliate of a Stockholder or any Director, officer, or employee of the Company, as such agreement may be amended, modified, supplemented, or restated in accordance with the terms of this Agreement.