Existing Credit Support means all XXXX-Provided Credit Support outstanding as of the date hereof, as amended, replaced, modified or supplemented pursuant to Section 2.1.1;
Existing Credit Support is defined in Section 8.13.
Existing Credit Support means the bonds, guarantees, letters of credit, cash deposits, and other amounts, obligations or instruments furnished by Seller or an Affiliate of Seller for the benefit of a ProjectCo or a Project set forth in Disclosure Schedule 1.2.
Examples of Existing Credit Support in a sentence
In connection with Closing, the Purchaser Parties shall use commercially reasonable efforts (at no out of pocket cost, expense or liability to any Purchaser Party or its Affiliates other than costs of obtaining the replacement Credit Support described in the preceding sentence and any fees, costs and expenses associated with such replacement Credit Support) to cooperate with Sellers in obtaining the return or reimbursement of the Sellers for any cash deposits constituting Existing Credit Support.
More Definitions of Existing Credit Support
Existing Credit Support means, collectively, the letters of credit, cash deposits and other forms of credit support posted for the benefit of the applicable Project Company.
Existing Credit Support means the guarantees, backstops, letters of credit and other forms of credit support provided, directly and indirectly, by the KMI and certain of its affiliates (other than KML and the entities comprising the Purchased Business) for or on behalf of certain of the KML Operating Entities in respect of the Purchased Business, which are in force or in place as of the date hereof, but notwithstanding the foregoing, excluding any guarantees, backstops, letters of credit and other forms of credit support provided, directly and indirectly, by the KMI and certain of its affiliates in respect of the sale of the Trans Mountain pipeline system and related expansion project, including pursuant to the TMX Agreement;
Existing Credit Support means the guarantees, backstops, letters of credit and other forms of credit support provided, directly and indirectly, by KMI and certain of its affiliates (other than KML and the entities comprising the Purchased Business) for or on behalf of certain of the KML Operating Entities in respect of the Purchased Business, which are in force or in place as of the date hereof, but notwithstanding the foregoing, excluding any guarantees, backstops, letters of credit and other forms of credit support provided, directly and indirectly, by KMI and certain of its affiliates in respect of the sale of the Trans Mountain pipeline system and related expansion project, including pursuant to the TMX Agreement;
Existing Credit Support has the meaning set forth in Section 5.13(a).
Existing Credit Support means all guarantees and letters of credit issued or procured, directly or indirectly, by or for the account of Seller or its Affiliates (other than the Acquired Companies, unless an entity other than an Acquired Company is ultimately responsible therefor), as well as any indemnity, payment or other similar obligations of Seller or its Affiliates (other than the Acquired Companies), in each case relating to contractual commitments or other liabilities of the Acquired Companies or the Business associated therewith.