Credit Support Security definition

Credit Support Security means a guaranty, Letter of Credit or Cash Escrow provided pursuant to Section 7.1.
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Credit Support Security means a Guaranty, Letter of Credit or Cash Escrow provided pursuant to Article 6.
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Credit Support Security means a Cash deposit, Letter of Credit, Guaranty, or other form of security provided pursuant to Section 17.
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Examples of Credit Support Security in a sentence

  • Buyer may apply the Credit Support Security at any time to reduce amounts due from Seller to Buyer under this Agreement which are not paid when due.

  • If at any time during the Term, Seller maintains a Credit Rating of (1) “Aa2” or higher by Xxxxx’x and (2) “AA” or higher by S&P, then Seller will not be required to post any Credit Support Security.

  • If Seller, or the entity providing a guaranty as Credit Support Security on behalf of the Seller, has no published Credit Rating, an equivalent Credit Rating will be determined by Buyer through the application of Buyer’s proprietary credit scoring model developed in conjunction with S&P, and the amount of Credit Support for Seller (as shown on the Credit Matrix) will be based upon this equivalent Credit Rating.

  • If Seller does not meet the Credit Rating requirements of (1) and (2) in the preceding sentence, it may have to post Credit Support Security in the amounts outlined on the Credit Matrix based upon its’ Credit Rating or that of the entity providing a guaranty as Credit Support Security on behalf of the Seller, and the size of the project.


More Definitions of Credit Support Security

Credit Support Security means a guaranty, Letter of Credit or Cash Escrow provided pursuant to Section 6.
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Related to Credit Support Security

  • Credit Support Instrument" "Credit Support Provider"

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

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

  • Reference Security means the security specified as such in the relevant Final Terms. If a Reference Security is no longer outstanding, a Similar Security will be chosen by the Quotation Agent at 11:00 a.m. (CET) on the third Business Day preceding the Make-whole Redemption Date, quoted in writing by the Quotation Agent to the Issuer and published in accordance with Condition 12 (Notices).

  • Patent Security Agreement means each Patent Security Agreement executed and delivered by Grantors, or any of them, and Agent, in substantially the form of Exhibit B.

  • Payment Security Mechanism shall have the meaning ascribed thereto in Article 10.4 of this Agreement;

  • Bid Security (BS) means Earnest Money Deposit / monetary or financial guarantee to be furnished by a bidder along with its tender.

  • Security Details means any security procedure you follow or use to give or authorise an instruction, confirm your identity or access a Device or certain functionality on that Device (for example a passcode, access code, security code, or biometric data such as a fingerprint).