Credit Limit Cap definition

Credit Limit Cap has the meaning set forth in Table A of Section 6.4. Customer means a Company customer as defined in such Company’s retail electric tariffs, eligible to receive Competitive Electricity Supply, BGS-FP Supply, BGS-LFP Supply or BGS-LRTP Supply, in accordance with the Applicable Legal Authorities. Damages means financial compensation from the Defaulting Party to the Non-Defaulting Party associated with the occurrence of an Event of Default or an Early Termination of this Agreement. Damages shall be calculated and assessed in accordance with Article 5.
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Credit Limit Cap has the meaning set forth in Table A of Section 6.4. Current Business Day has the meaning set forth in Appendix D.
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Credit Limit Cap has the meaning set forth in Table A of Section 6.4.
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Examples of Credit Limit Cap in a sentence

  • Credit Limit to be calculated as the lesser of the % of TNW and credit limit cap below S&P Xxxxx’x Fitch A.M. Best % Credit Limit Cap A- and above A3 and above A- and above aaa 16% of TNW $60,000,000 BBB+ Baa1 BBB+ aa 10% of TNW $40,000,000 BBB Baa2 BBB a 8% of TNW $30,000,000 BBB- Baa3 BBB- bbb 6% of TNW $15,000,000 Below BBB- Below Baa3 Below BBB- Below bbb 0% of TNW 0 where TNW is the Tangible Net Worth.

  • The Maximum Credit Limit shall be calculated as the lesser of the percentage of TNW or the Credit Limit Cap.

  • Defined terms ASX means ASX Limited (ABN 98 008 624 691) or the Australian Securities Exchange, as appropriate.

  • Credit Limit to be calculated as the lesser of the % of TNW and credit limit cap below S&P Moody’s Fitch A.M. Best % Credit Limit Cap A- and above A3 and above A- and above aaa 16% of TNW $60,000,000 BBB+ Baa1 BBB+ aa 10% of TNW $40,000,000 BBB Baa2 BBB a 8% of TNW $30,000,000 BBB- Baa3 BBB- bbb 6% of TNW $15,000,000 Below BBB- Below Baa3 Below BBB- Below bbb 0% of TNW 0 where TNW is the Tangible Net Worth.

  • The maximum level of the Credit Limit to cover the Total Exposure Amount will be determined in accordance with Table A: S&P Moody’s Xxxxx TNW % Credit Limit Cap* A- and above A3 and above A- and above 16% of TNW $60,000,000 BBB+ Baa1 BBB+ 10% of TNW $40,000,000 BBB Baa2 BBB 8% of TNW $30,000,000 BBB- Baa3 BBB- 6% of TNW $15,000,000 Below BBB- Below Baa3 Below BBB- 0% of TNW $0 *For CPP-B Suppliers relying on a Guarantor, the Credit Limit is also capped by the amount of the financial Guaranty.

  • Credit Limit to be calculated as the lesser of the % of TNW and credit limit cap below S&P Xxxxx’x Xxxxx A.M. Best % Credit Limit Cap A- and above A3 and above A- and above aaa 16% of TNW $60,000,000 BBB+ Baa1 BBB+ aa 10% of TNW $40,000,000 BBB Baa2 BBB a 8% of TNW $30,000,000 BBB- Baa3 BBB- bbb 6% of TNW $15,000,000 Credit Rating of the BGS-CIEP Supplier Max.

  • In the event that Customer enters into multiple agreements under the GSA Program, then the Security Required shall be aggregated across all such agreements and such aggregate amount, along with the Credit Limit Cap reflected in the above table based on the Credit Rating of Customer or its Guarantor, will be usedPPA is terminated for the purpose of determining the Posting Requirement in aggregate for all such agreements.

  • If an entity wishes to act as Guarantor for multiple agreements under the GSA Program, then the Maximum Credit Limit Cap as established herein will be allocated to such agreements in the amounts requested by the Guarantor.

Related to Credit Limit Cap

  • Credit Limit means the total dollar amount of the Account which we approved and which you may borrow against according to the terms of this Agreement.

  • Credit Line as defined in Section 2.1.

  • Maximum Credit Amount means, as to each Lender, the amount set forth opposite such Lender’s name on Annex I under the caption “Maximum Credit Amounts”, as the same may be (a) reduced or terminated from time to time in connection with a reduction or termination of the Aggregate Maximum Credit Amounts pursuant to Section 2.06(b) or (b) modified from time to time pursuant to any assignment permitted by Section 12.04(b).

  • Credit Amount has the meaning set forth in Section 4.01(b)(ii).

  • Loan Amount has the meaning specified in Section 7.06(b) of the Indenture.