Increased Collateral Requirement definition

Increased Collateral Requirement means, (a) with respect to a Utility-Scale Wind Project, an amount equal to eight dollars ($8) times the Annual Quantity; provided that if the Increased Collateral Requirement is calculated to be less than $40,000, then the Increased Collateral Requirement shall be $40,000; and means, (b) with respect to a Utility-Scale Solar Project or a Xxxxxxxxxx Site Photovoltaic Project, an amount equal to twenty dollars ($20) times the Annual Quantity; provided that if the Increased Collateral Requirement is calculated to be less than $100,000, then the Increased Collateral Requirement shall be $100,000. The Increased Collateral Requirement shall equal the Collateral Requirement upon Delivery of one (1) REC from the Project by Seller by May 31, 2027.
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Increased Collateral Requirement means, (a) with respect to a Utility-Scale Wind Project or a Hydropower Project, an amount equal to eight dollars ($8) times the Annual Quantity; provided that if the Increased Collateral Requirement is calculated to be less than $40,000, then the Increased Collateral Requirement shall be $40,000; and means, (b) with respect to a Utility-Scale Solar Project or a Brownfield Site Photovoltaic Project, an amount equal to twenty dollars ($20) times the Annual Quantity; provided that if the Increased Collateral Requirement is calculated to be less than $40,000, then the Increased Collateral Requirement shall be $40,000. The Increased Collateral Requirement shall revert to the Collateral Requirement upon Delivery of one (1) REC from the Project by Seller by the extended Initial REC Delivery Deadline.
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Increased Collateral Requirement means, (a) with respect to a Utility-Scale Wind Project, an amount equal to eight dollars ($8) times the Annual Quantity; provided that if the Increased Collateral Requirement is calculated to be less than $40,000, then the Increased Collateral Requirement shall be
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Examples of Increased Collateral Requirement in a sentence

  • If the deadline for the Delivery of one (1) REC from the Project has been extended to May 31, 2027, Seller’s failure to maintain Performance Assurance to satisfy the Increased Collateral Requirement or to Deliver at least one (1) REC from the Project by such extended deadline shall constitute an Event of Default.

  • In such a case, Buyer shall be entitled to payment by Seller in the amount of the Collateral Requirement or Increased Collateral Requirement, as applicable.

  • For an Event of Default due to Section 3.2(a), Buyer shall be entitled to payment by Seller in the amount of the sum of: (i) the Collateral Requirement (or Increased Collateral Requirement, if applicable) and (ii) 110% of the total payments Seller has received from Buyer.

  • Buyer shall terminate this Agreement within five (5) Business Days of the later of: (i) Buyer’s receipt of written notice from Seller; or (ii) Buyer’s receipt of payment in the amount of the Collateral Requirement or Increased Collateral Requirement, as applicable.

  • For such Event of Default due to Section 3.2(b) through (h), Buyer shall be entitled to payment by Seller in the amount of the sum of: (i) the Collateral Requirement (or Increased Collateral Requirement, if applicable) and (ii) 100% of the total payments Seller has received from Buyer.

  • As specified in Section 10.2(g), Seller’s failure to Deliver at least one (1) REC from the Project by Project by May 31, 2025 shall constitute an Event of Default unless (i) excused by Force Majeure or (ii) Seller has posted Performance Assurance to satisfy the Increased Collateral Requirement by May 31, 2025; in the case of (ii), the deadline shall be deemed automatically extended to May 31, 2027 for the Delivery of at least one (1) REC from the Project.

  • For purposes of this Agreement, the Increased Collateral Requirement is applicable if the Delivery of one (1) REC has not occurred and the deadline for the Delivery of one (1) REC has been extended pursuant to 5.1(c).

  • For such Events of Default, Buyer shall be entitled to payment by Seller (i) in the amount of the Collateral Requirement if there has been no extension; or (ii) in the amount of the Increased Collateral Requirement if an extension is granted and Seller fails to Deliver at least one (1) REC from the Project by the extended deadline of May 31, 2027.


More Definitions of Increased Collateral Requirement

Increased Collateral Requirement means, (a) with respect to a Utility-Scale Wind Project, an amount equal to eight dollars ($8) times the Annual Quantity; provided that if the Increased Collateral Requirement is calculated to be less than $40,000, then the Increased Collateral Requirement shall be $40,000; and means, (b) with respect to a Utility-Scale Solar Project or a Xxxxxxxxxx Site Photovoltaic Project, an amount equal to twenty dollars ($20) times the Annual Quantity; provided that if the Increased Collateral Requirement is calculated to be less than $100,000, then the Increased Collateral Requirement shall be $100,000. [Commenter 7 Note: Should the Increased Collateral Requirement be inclusive of the amount already paid? If so, can we add language to clarify? This has caused confusion in previous contracts.] The Increased Collateral Requirement shall equal the Collateral Requirement upon Delivery of one (1) REC from the Project by Seller by May 31, 2027. [Commenter 7 Note: Could we clarify what is meant? Is this supposed to mean that additional payment to meet the Increased Collateral Requirement will extend the REC Delivery due date to May 31, 2027?]
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Increased Collateral Requirement shall be equal to twenty dollars ($20) times the Annual Quantity; provided that if the Increased Collateral Requirement is calculated to be less than $100,000, then the Increased Collateral Requirement shall be $100,000. The Increased Collateral Requirement shall equal the Collateral Requirement upon Delivery of one (1) REC from the Project by Seller by May 31, 2022.”” The following is added as Section 1.35.3:
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Increased Collateral Requirement means, (a) with respect to a Utility-Scale Wind Project, an amount equal to twentyeight dollars ($208) times the Annual Quantity; provided that if the Increased Collateral Requirement is calculated to be less than $4100,000, then the Increased Collateral Requirement shall be $1040,000; and means, (b) with respect to a Utility-Scale Solar Project or a Brownfield Site Photovoltaic Project, an amount equal to twenty dollars ($420) times the Annual Quantity; provided that if
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Related to Increased Collateral Requirement

  • Collateral Requirement means the requirement that:

  • MREL Requirement means the minimum requirement for own funds and eligible liabilities which is or, as the case may be, will be applicable to the Issuer;

  • Minimum Collateral Amount means, at any time, (a) with respect to Cash Collateral consisting of cash or deposit account balances, an amount equal to 105% of the Fronting Exposure of the L/C Issuer with respect to Letters of Credit issued and outstanding at such time and (b) otherwise, an amount determined by the Administrative Agent and the L/C Issuer in their sole discretion.

  • Excess Collateral Amount means, at any time, the excess of (a) the sum of (i) the Collateral Amount, and (ii) the Principal Accumulation Account Balance, over (b) the Note Principal Balance.

  • Obligor Concentration Limit At any time, in relation to the aggregate Unpaid Balance of Receivables owed by any single Obligor and its Affiliated obligors (if any):

  • MREL Requirements means the laws, regulations, requirements, guidelines, rules, standards and policies relating to minimum requirements for own funds and eligible liabilities applicable to the Issuer and/or the Group, from time to time, (including any applicable transitional or grandfathering provisions), including, without limitation to the generality of the foregoing, any delegated or implementing acts (such as regulatory technical standards) adopted by the European Commission and any regulations, requirements, guidelines, rules, standards and policies relating to minimum requirements for own funds and eligible liabilities adopted by the Federal Republic of Germany or the Republic of Italy, a relevant resolution authority or the European Banking Authority from time to time (whether or not such requirements, guidelines or policies are applied generally or specifically to the Issuer and/or the Group), as any of the preceding laws, regulations, requirements, guidelines, rules, standards, policies or interpretations may be amended, supplemented, superseded or replaced from time to time.

  • Initial Collateral Amount means $1,000,000,000, which equals the sum of (i) the Class A Note Initial Principal Balance, (ii) the Class B Note Initial Principal Balance, (iii) the Class C Note Initial Principal Balance and (iv) the Initial Excess Collateral Amount.

  • Additional Collateral Any of the following held, in addition to the related Mortgaged Property, as security for a Mortgage Loan: (i) all money, securities, security entitlements, accounts, general intangibles, payment rights, instruments, documents, deposit accounts, certificates of deposit, commodities contracts and other investment property and other property of whatever kind or description now existing or hereafter acquired which is pledged as security for the repayment of such Mortgage Loan, (ii) third-party guarantees, and (A) all money, securities, security entitlements, accounts, general intangibles, payment rights, instruments, documents, deposit accounts, certificates of deposit, commodities contracts and other investment property and other property of whatever kind or description now existing or hereafter acquired which is pledged as collateral for such guarantee or (B) any mortgaged property securing the performance of such guarantee, or (iii) such other collateral as may be set forth in the Series Supplement.

  • Regulatory Capital Requirements means any applicable capital resources requirement or applicable overall financial adequacy rule required by the Relevant Regulator, as such requirements or rule are in force from time to time;

  • Collateral and Guarantee Requirement means, at any time, the requirement that: