Credit Support Party definition

Credit Support Party means any person, or any persons severally, who now or hereafter guarantees payment or collection of all or any part of the Liabilities or provides any collateral to secure the Liabilities.

Credit Support Party means each Person that is not a Borrower or Guarantor, but which has granted a lien on its assets to secure the Obligations hereunder, including for the avoidance of doubt, each Permitted Joint Venture Subsidiary. CWA: the Clean Water Act (33 U.S.C. §§ 1251 et seq.).

Credit Support Party shall have the meaning provided in the definition of Excluded Swap Obligation.

Examples of Credit Support Party in a sentence

• The Company and each Credit Support Party acknowledges the continuing existence and priority of all liens and security interests granted, conveyed, and assigned pursuant to the Security Documents in accordance with the terms thereof, and agrees to perform such acts and duly authorize, execute, acknowledge, deliver, file, and record such additional documents and certificates as the Purchasers or the Agent request in order to perfect, preserve, and protect such liens and security interests.

• The Company and each Credit Support Party agrees that any reference to the Debenture in any Security Document means the Debenture as amended pursuant to this Agreement and the Debenture Amendments.

• The Company and each Credit Support Party have complied in all material respects with their respective obligations under the Transaction Documents.

• The Company and each Credit Support Party has the requisite corporate power and authority to enter into and to consummate the transactions contemplated by this Agreement and otherwise to carry out its obligations hereunder.

• The execution and delivery of this Agreement by the Company and each Credit Support Party and the consummation by each of them of the transactions contemplated hereby have been duly authorized by all necessary action on the part of the Company and each such Credit Support Party and no further action is required by the Company or any Credit Support Party in connection herewith.

More Definitions of Credit Support Party

Credit Support Party means any person, or any persons severally, who now or hereafter guarantees payment or collection of all or any part of this Note or provides any collateral for this Note.

Credit Support Party means, with respect to the Sithe Partners, Exelon, and with respect to Oswego Cogen, Enron Corp.

Credit Support Party means, with respect to any Hedge Counterparty, any Person providing credit support on behalf of such Hedge Counterparty.

Credit Support Party shall have the meaning set forth in the Trust Indenture.

Credit Support Party means together the Initial L/C Bank, any other L/C Bank, the Deposit Bank, and each Additional Security Provider who the Lessor agrees in writing shall be a "Credit Support Party";

Credit Support Party means each Person that is not Holdings, the Borrower or a Subsidiary Guarantor, but which has granted a lien on any of its assets to secure the Secured Obligations.

Credit Support Party means Seller, if Seller is providing Credit Support to Buyer, and means Buyer, if Buyer is providing Credit Support to Seller.