ICR Collateral definition

ICR Collateral has the meaning set forth in Section 5.4(d).
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ICR Collateral means an ICT Guaranty plus the amount of any cash or Letter of Credit already posted to satisfy the aggregate ICR under this Agreement and any Other SSO Supply Agreement. ICRT has the meaning set forth in Section 6.3.
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ICR Collateral has the meaning set forth in Section 6.4(d). ICRT has the meaning set forth in Section 6.3.
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Examples of ICR Collateral in a sentence

  • For the avoidance of doubt, any ICR Collateral posted pursuant to Section 5.4 shall not constitute Margin Collateral.

  • If the Companies determine in their sole discretion that they are unable to adequately assess the XXXX Supplier’s or Guarantor’s creditworthiness or the credit rating of the XXXX Supplier or its Guarantor is insufficient, such XXXX Supplier shall be required to post ICR Collateral in accordance with Section 6.4 and Margin Collateral in accordance with Section 6.7.

  • If the SSO Supplier fails to supply a substitute Letter of Credit as required, then Duke Energy Ohio will have the right to draw on the existing Letter of Credit and to hold the amount as Margin Collateral or ICR Collateral, as applicable.

  • If Duke Energy Ohio determines in its sole discretion that it is unable to adequately assess an SSO Supplier’s or Guarantor’s creditworthiness or the credit rating of an SSO Supplier or its Guarantor is insufficient, such SSO Supplier shall be required to post ICR Collateral in accordance with Section 5.4(d) and Margin Collateral in accordance with Section 5.7.

  • For the avoidance of doubt, any ICR Collateral posted pursuant to Section 6.4 shall not constitute Margin Collateral.

  • If AEP Ohio determines in its sole discretion that it is unable to adequately assess an SSO Supplier’s or Guarantor’s creditworthiness or the credit rating of an SSO Supplier or its Guarantor is insufficient, such SSO Supplier shall be required to post ICR Collateral in accordance with Section 5.4(d) and Margin Collateral in accordance with Section 5.7.

  • If AEP Ohio determines in its sole discretion that it is unable to adequately assess the XXXX Supplier’s or Guarantor’s creditworthiness or the credit rating of the XXXX Supplier or its Guarantor is insufficient, the XXXX Supplier shall be required to post ICR Collateral in accordance with Section 5.4(d) and Margin Collateral in accordance with Section 5.7.

  • If the SSO Supplier fails to supply a substitute Letter of Credit as required, then AEP Ohio will have the right to draw on the existing Letter of Credit and to hold the amount as Margin Collateral or ICR Collateral, as applicable.

  • If the SSO Supplier fails to supply a substitute Letter of Credit as required, then the Companies will have the right to draw on the existing Letter of Credit and to hold the amount as Margin Collateral or ICR Collateral, as applicable.

  • If Duke Energy Ohio determines in its sole discretion that it is unable to adequately assess the XXXX Supplier’s or Guarantor’s creditworthiness or the credit rating of the XXXX Supplier or its Guarantor is insufficient, the XXXX Supplier shall be required to post ICR Collateral in accordance with Section 5.4(d) and Margin Collateral in accordance with Section 5.7.

Related to ICR Collateral

  • Collateral has the meaning specified in the Granting Clause of this Indenture.

  • Underlying Collateral means, with respect to a Loan Asset, any property or other assets designated and pledged or mortgaged as collateral to secure repayment of such Loan Asset, as applicable, including, without limitation, mortgaged property and/or a pledge of the stock, membership or other ownership interests in the related Obligor and all proceeds from any sale or other disposition of such property or other assets.