Credit Support Provider(s) definition

Credit Support Provider(s) means the credit support providers for the Facility which are identified in Clause 1 (The Obligors) of the Facility Letter.

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Credit Support Provider(s) means (i) H▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ and B▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇, as guarantors under that certain Guaranty between them and Bank of America, dated as of the date hereof, (ii) R&A S▇▇▇▇▇▇ Family Limited Partnership, as sponsor under that certain Letter of Credit, dated as of the date hereof, in favor of Bank of America for benefit of Borrower, (iii) W▇▇▇▇▇▇ ▇▇▇▇▇▇, Jr., M.D., as sponsor under that certain Letter of Credit, dated as of the date hereof, in favor of Bank of America for benefit of Borrower, (iv) B▇▇▇▇ ▇▇▇▇▇▇, as sponsor under that certain Letter of Credit, dated as of the date hereof, in favor of Bank of America for benefit of Borrower, and (v) Magellan, as pledgor under that certain Pledge Agreement, dated as of the date hereof, in favor of Bank of America.

Credit Support Provider(s) means initially, Royal Bank of Canada, as the provider of the commitment under the Credit Support Agreement, and its successors and assigns, and any other financial institutions having a short-term unsecured debt rating of at least "A-l", "P-l" and "F-l" by S&P, Moody's, and Fitch, respectively, as assignees of the commitment of ▇▇▇▇▇ ▇ank of Canada pursuant to the terms of the Credit Support Agreement, or otherwise providing all or a portion of a Credit Support Advance.

Examples of Credit Support Provider(s) in a sentence

• To address each Party's risk relating to the creditworthiness of the other Party and to secure the prompt fulfilment of all obligations resulting from this Agreement, the Parties shall provide and maintain the Credit Support Document(s) from the Credit Support Provider(s) as specified in Section B of Part I (Individual Terms) throughout the Term for the benefit of the other Party.

• The corporate organization structure, capital structure and ownership of the Project Credit Support Providers, the Company and its Subsidiaries shall be satisfactory to each of the Bank Agent, the Representatives of the Underwriters and the FF&E Agent.

• Specifically, the amendments strengthen ICE NGX’s authority to take appropriate action to manage risks in respect of a Contracting Party, and enhance ICE NGX’s authority to take action to protect the clearinghouse and its other participants against a potential default by a Contracting Party where an event of default has been declared at another clearinghouse in respect of that Contracting Party Affiliate, or any of its affiliates or Credit Support Providers.

• Pursuant to that certain Reimbursement Agreement dated as of April 1, 1998, by and among the Agent, the Issuing Bank, the Credit Support Providers and the Company (the "Reimbursement Agreement"), the Issuing Bank and the Credit Support Providers agreed to extend credit to the Company on the terms and subject to the conditions set forth therein.

• The terms of any such Advanced Amounts shall be determined on a case by case basis between the Company and the applicable Credit Support Provider(s).

• Credit Support provided pursuant to this Agreement may take the form of direct issuances of Credit Support by or on behalf of a Credit Support Provider to or for the benefit of the intended beneficiaries of such Credit Support, or may take the form of Credit Support issued by one or more Credit Support Providers to backstop Credit Support facilities issued by financial intuitions in favor of the Company.

• In the event a party shall be required to furnish a Letter of Credit hereunder, the amount otherwise required under such Letter of Credit may at the option of such party be reduced by the amount of any Letter of Credit established by such party's Credit Support Provider (but only for such time as such Credit Support Provider's Letter of Credit shall be in effect).

• In the event that the Percentage Interest of the Credit Support Providers change (including, for sake of clarity, in the case where a New Member signs a joinder to this Agreement and becomes a Credit Support Provider hereunder), the obligations of the Credit Support Providers hereunder shall also be proportionately modified to reflect the revised Percentage Interests of the Credit Support Providers.

• Further, the decision to agree to provide, or not to provide, such Credit Support shall be within the sole discretion of the Credit Support Providers.

• Concurrently with the execution and delivery of this Master Agreement and any Credit Support Documents, each party shall furnish to the other party the following documents in form and substance satisfactory to the other party: a certificate or certificates as to the incumbency and specimen signatures of its and its Credit Support Provider's, if any, officers or other authorized representatives executing this Master Agreement and any Credit Support Documents.

More Definitions of Credit Support Provider(s)

Credit Support Provider(s) means in respect of Party B, .

Credit Support Provider(s) means ▇▇▇▇▇ ▇▇▇▇▇▇ and ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇, ▇▇., as credit support providers under the Assignment and Pledge of Certificate(s) of Deposit executed by them in favor of Seaside Bank, each dated as of the date hereof.