Examples of Credit Support in a sentence
Without limitation of the foregoing, it is understood and agreed that rights and remedies of the parties with respect to a Defaulting Lender shall in no event affect the rights of any Covered Party with respect to a Supported QFC or any QFC Credit Support.
The Parent’s obligations under its Credit Support Agreement and the obligations of TFS under its Credit Support Agreements, rank pari passu with its direct, unconditional, unsubordinated and unsecured debt obligations.
If a Credit Support Document for a Party expires during the Term, the Party which provided such Credit Support Document shall provide a replacement Credit Support Document which is to the satisfaction of the other Party before the expiry of such Credit Support Document.
The Credit Support Agreements do not constitute a direct or indirect guarantee by the Parent or TFS of the Notes.
The Notes and the Coupons have the benefit of the Credit Support Agreements.