Credit Support Amount has the meaning specified in Paragraph 3.
Credit Support Amount means, with respect to a Transferor on a Valuation Date, (i) the Transferee’s Exposure plus (ii) all Independent Amounts applicable to the Transferor, if any, minus (iii) all Independent Amounts applicable to the Transferee, if any, minus (iv) the Transferor’s Threshold; provided, however, that the Credit Support Amount will be deemed to be zero whenever the calculation of Credit Support Amount yields a number less than zero.
Credit Support Amount means, unless otherwise specified in Paragraph 13, for any Valuation Date (i) the Secured Party’s Exposure for that Valuation Date plus (ii) the aggregate of all Independent Amounts applicable to the Pledgor, if any, minus (iii) all Independent Amounts applicable to the Secured Party, if any, minus (iv) the Pledgor’s Threshold; provided, however, that the Credit Support Amount will be deemed to be zero whenever the calculation of Credit Support Amount yields a number less than zero.
Examples of Credit Support Amount in a sentence
Seller shall be entitled to claim on the Credit Support in accordance with Section 6.2. In the event any portion of the Credit Support provided by Buyer is applied by Seller to satisfy any outstanding obligations of Buyer under this Agreement, Buyer shall within five (5) Business Days following Seller’s written demand replace such Credit Support so that the amount of Credit Support outstanding in favor of Seller is not less than the Buyer Credit Support Amount.
More Definitions of Credit Support Amount
Credit Support Amount for a Subsequent Rating Event shall equal, with respect to a Transferor on a Valuation Date, (A) the greatest of:
Credit Support Amount shall not apply. For purposes of calculating any Delivery Amount or Return Amount for any Valuation Date, reference shall be made to the S&P Credit Support Amount, the Xxxxx’x First Trigger Credit Support Amount, or the Xxxxx’x Second Trigger Credit Support Amount, in each case for such Valuation Date, as provided in Paragraphs 13(b)(i)(A) and 13(b)(i)(B), above.
Credit Support Amount has the meaning specified under the relevant definition of Ratings Agency Requirement in paragraph (h)(vi) below. In circumstances where more than one of the Ratings Agency Requirements apply to Party A, the Credit Support Amount shall be calculated by reference to the Ratings Agency Requirement which would result in Party A transferring the greatest amount of Eligible Credit Support. Under no circumstances will Party A be required to transfer more Eligible Credit Support than the greatest amount calculated in accordance with the Ratings Agency Requirement set out below.
Credit Support Amount shall equal, with respect to a Transferor on a Valuation Date, (A) the greater of:
Credit Support Amount means, with respect to a Transferor on the Valuation Date:
Credit Support Amount has the meaning specified in Paragraph 13(j)(iv).
Credit Support Amount shall not have the meaning specified in Paragraph 3(b) and, instead, will have the following meaning: