Credit Support Obligations definition

Credit Support Obligations means any obligation(s) to provide or establish credit support for, or on behalf of, a party to this Contract such as cash, an irrevocable standby letter of credit, a margin agreement, a prepayment, a security interest in an asset, guaranty, or other good and sufficient security of a continuing nature.

Credit Support Obligations means any and all obligations relating to deposits, guaranties, letters of credit, bonds, indemnities, other credit assurances of a comparable nature (including cash posted as credit support) made or issued by or on behalf of Seller or any Affiliate of Seller for the benefit of the Project.

Credit Support Obligations means any obligation(s) to provide or establish credit support for, or on behalf of, a party to this Contract such as an irrevocable standby letter of credit, a margin agreement, a prepayment, a security interest in an asset, a performance bond, guaranty, or other good and sufficient security of a continuing nature.

Examples of Credit Support Obligations in a sentence

• Without limiting the foregoing, Credit Support Obligations include the deposit of funds by a Majority Owned Subsidiary or a wholly-owned subsidiary thereof in a credit arrangement with a banking facility whereby such funds are available to the banking facility as collateral for overdraft obligations of other Majority Owned Subsidiaries or their subsidiaries also participating in the credit arrangement with such banking facility.

• To the extent any adequate assurance provision or other credit support obligations set forth in any Controlled Agreement conflict with the GGA Credit Support Obligations, then the GGA Credit Support Obligations shall control to the extent of such conflict.

• The Parties acknowledge and agree that within 15 days following the Effective Date, the Parties shall prepare an amendment to each of the agreements set forth on Exhibit A-2 (the “JV Agreements”) replacing the credit support obligations set forth in each such JV Agreement (other than the amount of any credit support obligations thereunder) with the GGA Credit Support Obligations (each, a “JV Agreement Amendment”).

• It is understood that the Seller Credit Support Obligations are not intended to continue after the Initial Closing.

• All costs and expenses incurred in connection with providing replacement credit support or the release or substitution of the Seller Credit Support Obligations shall be borne by Purchaser.

More Definitions of Credit Support Obligations

Credit Support Obligations has the meaning set forth in Section 7.5.

Credit Support Obligations means the obligation(s) of SCO Supplier to provide or establish credit support for the Standard Choice Offer as set forth in Columbia’s Tariff.

Credit Support Obligations means financial support provided to secure the obligations of a party to this Contract such as a Letter of Credit, a margin agreement, a prepayment, a security interest in an asset, a performance bond, guaranty, or other good and sufficient security of a continuing nature as mutually agreed on by the parties, and any obligation(s) in respect of the foregoing, all of which obligations and security shall be provided at the sole expense of the party whose credit is being supported in a form, substance and amount that is reasonably acceptable to the other party and consistent with credit and collateral requirements set-forth herein; provided that DEO shall have no obligation to provide or establish Credit Support Obligations under this Contract so long as it continues to perform in compliance with the Program. The following definitions are added to the end of Section 2:

Credit Support Obligations means letters of credit, guarantees, surety bonds and other credit support instruments issued by Seller or any of its Affiliates or third parties on behalf of Seller with respect to the Business.

Credit Support Obligations shall have the meaning set forth in Section 5.16.

Credit Support Obligations means any obligation(s) to provide or establish credit support for, or on behalf of, a party to this Contract such as cash, an irrevocable standby letter of credit, a margin agreement, a prepayment, a security interest in an asset, a guaranty, or other good and sufficient security of a continuing nature. The issuer of any such security and/or the guarantor must be acceptable to the other party at its sole discretion. The other party agrees to act in a reasonable manner in evaluating such issuer and/or guarantor. The definition of “Payment Date” in Section 2.27 shall be deleted and replaced with the following:

Credit Support Obligations means letters of credit, guarantees, surety bonds, trust agreements and other credit support instruments issued by Seller or any of its affiliates (including the Transferred Entity) or third parties on behalf of Seller or the Business.