Governing Master Agreement definition

Governing Master Agreement means, with respect to an Auction Covered Transaction or an Auction-Linked Cash Settled Transaction, the ISDA Master Agreement or other form of similar master agreement, if any, governing such Auction Covered Transaction or Auction-Linked Cash Settled Transaction, as applicable, and of which such Auction Covered Transaction or Auction-Linked Cash Settled Transaction, as applicable, forms part, whether executed by the parties thereto or incorporated by reference in the confirmation relating to such Auction Covered Transaction or Auction-Linked Cash Settled Transaction, as applicable; provided, however, that if no ISDA Master Agreement or other form of similar agreement exists with respect to an Auction Covered Transaction or an Auction-Linked Cash Settled Transaction, as applicable, the term "Governing Master Agreement" shall mean the ISDA Master Agreement or other form of similar agreement, if any, governing any Credit Derivative Transaction between the parties, whether executed by the parties thereto or incorporated by reference in the confirmation relating to such Credit Derivative Transaction.

Governing Master Agreement means, in respect of a Covered Transaction, the master agreement governing such Covered Transaction, whether executed by the parties thereto or incorporated by reference in the Confirmation relating to such Covered Transaction.

Governing Master Agreement means, in respect of a Covered Transaction, the master agreement governing such Covered Transaction, whether executed by the Parties thereto or incorporated by reference in the Confirmation relating to such Covered Transaction, which may include (i) the ISDA 2002 Master Agreement; (ii) the 1992 ISDA Master Agreement (Multicurrency – Cross Border); (iii) the 1992 ISDA Master Agreement (Local Currency – Single Jurisdiction); (ii) the Edison Electric Institute Master Power Purchase and Sale Agreement; (iii) the WSPP Agreement; or (iv) other similar agreement setting forth the terms and conditions governing a Covered Transaction.

Examples of Governing Master Agreement in a sentence

• The amendments in the Annex to the Protocol shall apply to each Confirmation with respect to a Protocol Covered Transaction that supplements, forms part of and is subject to a Governing Master Agreement to which we are a party in accordance with the terms of the Protocol and this Adherence Letter.

• Notwithstanding Section 9(a) of the Governing Master Agreement, this Agreement constitutes the entire agreement and understanding of the Parties with respect to its subject matter.

• The amendments in the Annex to the Protocol shall apply to each Governing Master Agreement to which we are a party in accordance with the terms of the Protocol and this Adherence Letter.

• It (a) is, if relevant, duly organized and validly existing under the laws of the jurisdiction of its organization or incorporation and, if relevant under such laws, in good standing or (b) if it otherwise represents its status in or pursuant to the Governing Master Agreement, has such status.

• It is, if relevant, duly organized and validly existing under the laws of the jurisdiction of its organization or incorporation and, if relevant under such laws, in good standing or, if it otherwise represents its status in or pursuant to the Governing Master Agreement, has such status.

• Notwithstanding Section 9(a) (or in the case of an ISDA Master Agreement that is a 1992 ISDA Master Agreement (Local Currency – Single Jurisdiction), Section 8(a)) of the Governing Master Agreement (or, in the case of a Governing Master Agreement that is not an ISDA Master Agreement, any analogous provision in such Governing Master Agreement), this Agreement constitutes the entire agreement and understanding of the Parties with respect to its subject matter.

• As between each other Adhering Party and us, the amendments in the Attachment to the Protocol shall apply to each Governing Master Agreement and each Protocol Covered Collateral Agreement thereto to which we are a party in accordance with the terms of the Protocol and this Adherence Letter.

• As used in this Protocol, Confirmation, Credit Support Document and Transaction each has the meaning given to such term in the related Governing Master Agreement.

• Its adherence to this Protocol and any amendment contemplated by this Protocol will not, in and of itself, adversely affect any obligations owed, whether by it or by any third party, under any Credit Support Document in respect of its obligations relating to the Governing Master Agreement.

• As used in this Protocol, Credit Support Document and Transaction each has the meaning given that term in the related Governing Master Agreement.

More Definitions of Governing Master Agreement

Governing Master Agreement means, in respect of a Covered Transaction, the ISDA Master Agreement or other form of master agreement governing such Covered Transaction and of which such Covered Transaction forms part, whether executed by the parties thereto or incorporated by reference in the Confirmation relating to such Covered Transaction. 0096820-0000032 ICM:14594805.3