Credit Support Beneficiary definition

Credit Support Beneficiary has the meaning set forth in Section 4.17.1.
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Credit Support Beneficiary has the meaning set forth in Section 4.17.1. “Credit Support Provider” has the meaning set forth in Section 4.17.1. “Current Performance Standards” has the meaning set forth in Section 2.6.2. “CWTG” has the meaning set forth in Section 4.6.
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Credit Support Beneficiary is defined in Section 8.3. “Credit Support Provider” is defined in Section 8.3. “Defaulting Party” has the meaning set forth in Section 12.1.
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Examples of Credit Support Beneficiary in a sentence

  • The Credit Support Beneficiary will execute any documents and take any other actions reasonably requested by Credit Support Provider to confirm such release.

  • In the case of Credit Support in the form of a Letter of Credit, the Credit Support Beneficiary may draw the full amount of such Letter of Credit within 30 Business Days before the expiration of such Letter of Credit if, as of the date of such draw, the Credit Support Beneficiary has not received replacement Credit Support meeting the requirements of this Agreement.

  • The Credit Support Beneficiary may exercise its rights as a secured party (including the right of setoff granted pursuant to this Section 8.3) against such Cash collateral only upon the terms and conditions of this Agreement.

  • If an Event of Default occurred and is continuing, the Credit Support Beneficiary is entitled to draw upon Credit Support for any damages arising from (i) such Event of Default or (ii) any Event of Default to the extent that damages arising from the Event of Default have not been paid in full to the Credit Support Beneficiary.

  • If the Credit Support Beneficiary receives Cash proceeds from a Letter of Credit pursuant to a draw made under this Agreement, then the Credit Support Beneficiary will deposit such proceeds in a Collateral Account under terms and conditions that allow the proceeds to be disbursed to the Credit Support Beneficiary.

Related to Credit Support Beneficiary

  • Credit Support Balance means, with respect to a Transferor on a Valuation Date, the aggregate of all Eligible Credit Support that has been transferred to or received by the Transferee under this Annex, together with any Distributions and all proceeds of any such Eligible Credit Support or Distributions, as reduced pursuant to Paragraph 2(b), Paragraph 3(c)(ii) or Paragraph 6. Any Equivalent Distributions or Interest Amount (or portion of either) not transferred pursuant to Paragraph 5(c)(i) or (ii) will form part of the Credit Support Balance.

  • Credit Support Instrument" "Credit Support Provider"

  • credit supporter means a person or company that provides a guarantee or alternative credit support for any of the payments to be made by an issuer of securities as stipulated in the terms of the securities or in an agreement governing rights of, or granting rights to, holders of the securities;

  • QFC Credit Support has the meaning specified in Section 11.21.

  • Credit Support Provider has the meaning specified in the Schedule.

  • Fitch Credit Support Amount means, for any Valuation Date, the excess, if any, of:

  • S&P Credit Support Amount means, for any Valuation Date, the excess, if any, of

  • Credit Support Amount has the meaning specified in Paragraph 3.

  • Credit Support Instrument The instrument or document pursuant to which the Credit Support for a given Series (or Class within such Series) is provided, as specified in the applicable Supplement.

  • Substitute Credit Support has the meaning specified in Paragraph 4(d)(i).

  • Disability Support Pension means the Commonwealth pension scheme to provide income security for persons with a disability as provided under the Social Security Act 1991, as amended from time to time, or any successor to that scheme.

  • primary beneficiary means the individual for whose primary benefit the trust is then held.

  • Credit Support Depletion Date The first Distribution Date on which the Certificate Principal Balances of the Subordinate Certificates have been reduced to zero.

  • Refund beneficiary means an individual nominated by a qualified participant or a former qualified participant under section 66 to receive a distribution of the participant's accumulated balance in the manner prescribed in section 67.

  • Credit Support Instruments has the meaning set forth in Section 3.01(a).

  • Qualified beneficiary means a beneficiary who, on the date the beneficiary's qualification is determined:

  • Contingent Beneficiary is the person that becomes the Beneficiary if the named Beneficiary dies prior to the Income Date.

  • Eligible Credit Support means Eligible Collateral and Other Eligible Support.

  • Equivalent Credit Support means, in relation to any Eligible Credit Support comprised in the Credit Support Balance, Eligible Credit Support of the same type, nominal value, description and amount as that Eligible Credit Support.

  • Remainder beneficiary means a person entitled to receive principal when an income interest ends.

  • Income beneficiary means a person to whom net income of a trust is or may be payable.

  • Credit Support Default provisions of Section 5(a)(iii) will apply to Party A and will not apply to Party B.

  • Surviving Spouse means the widow or widower, as the case may be, of a Deceased Participant or a Deceased Beneficiary (as applicable).

  • land reform beneficiary , in relation to a property, means a person who -

  • Credit Support Annex means the Credit Support Annex annexed to this Agreement.

  • Beneficiary means each designated person, or the estate of the deceased Executive, entitled to benefits, if any, upon the death of the Executive, determined according to Article 4.