Independent Amount definition

Independent Amount means zero with respect to Party A and Party B.
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Independent Amount means with respect to Party A: Not applicable.
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Independent Amount means, with respect to a party, the amount specified as such for that party in Paragraph 13; if no amount is specified, zero.
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Examples of Independent Amount in a sentence

  • Independent Amount: The Independent Amount (as defined in Paragraph 13 of the Credit Support Annex) with respect to NovaStar Financial, Inc.

  • Notwithstanding anything to the contrary contained in the Master Agreement, Seller shall, within five (5) Business Days following the Confirmation Effective Date, provide to, and maintain with, Buyer a Full Floating Independent Amount as long as Seller or its Guarantor, if any, does not maintain Credit Ratings of at least BBB- from S&P and Baa3 from ▇▇▇▇▇’▇.

  • Notwithstanding anything to the contrary contained in the Master Agreement, Buyer shall, within five (5) Business Days following the Confirmation Effective Date, provide to, and maintain with, Seller a Full Floating Independent Amount as long as Buyer or its Guarantor, if any, does not maintain Credit Ratings of at least BBB- from S&P and Baa3 from ▇▇▇▇▇’▇.

  • For purposes of said Credit Support Annex, the Independent Amount applicable to Counterparty in respect of the Transaction to which this Confirmation relates shall, on any Valuation Date, be equal to the aggregate Value of the Pledged Notes, and Counterparty’s obligations to transfer collateral to UBS in respect of such Independent Amount shall at all times be satisfied by the Pledged Notes being Transferred to UBS in accordance with the terms of the Credit Support Annex.

  • Not later than one Business Day after the Obligation Trade Date with respect to any Transaction (or the date of any increase in the related Independent Amount), Counterparty as Pledgor will Transfer to Citibank as Secured Party Eligible Collateral having a Value as of the date of Transfer equal to the related Independent Amount (or increase in the related Independent Amount) determined pursuant this Clause 9(a).


More Definitions of Independent Amount

Independent Amount means, with respect to a party, the Base Currency Equivalent of the amount specified as such for that party in Paragraph 11(b)(iii)(A); if not amount is specified, zero.
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Independent Amount means with respect to Party A and Party B, zero.
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Independent Amount means with respect to Party A: Zero "Independent Amount" means with respect to Party B: Zero
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Independent Amount means, with respect to a Party, the amount, if any, set forth in the Cover Sheet for such Party, or if no amount is specified, zero, unless specified otherwise in a Product Order for a Transaction.
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Independent Amount means zero.
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Independent Amount means, with respect to Party A, zero; provided, however, if Party A elects or is required to post collateral pursuant to Part 5(f) of the Schedule due to a ratings downgrade or withdrawal by Moody's or Fitch, then the "Independent Amount" with ▇▇▇▇▇▇▇ to Party A shall be the aggregate of any Transaction Independent Amounts in respect of all Transactions outstanding at that time. "Transaction Independent Amount" shall mean (unless otherwise agreed by Moody's and Fitch) 1% of the Notional Amount of each ▇▇▇▇▇▇▇tion.
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Independent Amount means: Pledgor: Not applicable. Secured Party: Not applicable.
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