Margin Collateral definition

Margin Collateral has the meaning set forth in Section 5.6(e).

Margin Collateral has the meaning set forth in Section 6.6(d). Xxxx-to-Market Exposure Amount means an amount calculated daily for the XXXX Supplier reflecting the exposure to the Companies due to fluctuations in market prices for Energy as set forth in Section 6.5, minus amounts due to such XXXX Supplier pursuant to

Margin Collateral has the meaning set forth in Section 6.4(d). Mark-to-Market Exposure Amount means an amount calculated daily for each SSO Supplier reflecting the exposure to the Companies due to fluctuations in market prices for Energy as set forth in Section 6.3, minus amounts due to such SSO Supplier pursuant to Section 8.1. The total Mark-to-Market Exposure Amount will be equal to 1.1 times the sum of the Mark-to-Market Exposure Amounts for each Billing Month during the Original Delivery Period limited to a rolling forward 24 month period starting from this Agreement's Effective Date, as applicable. Market Price Hub means a liquid pricing point located within PJM’s geographic footprint. Minimum Margin Threshold means $250,000. Minimum Rating means a minimum senior unsecured debt rating as defined in Section 6.4(a) of this Agreement.

Examples of Margin Collateral in a sentence

• Party B covenants and agrees that it will not sell, assign, transfer, exchange or otherwise dispose of, or grant any option with respect to, any of the Margin Collateral or the Collateral, nor will it create, incur or permit to exist any lien on or with respect to any of the Margin Collateral or the Collateral, any interest therein, or any proceeds thereof, except for the security interests created under this Agreement or otherwise under any agreement between Party B and Party A or any of its affiliates.

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

• The parties agree that Party A and its affiliates shall have the rights and remedies of a secured creditor under the New York Uniform Commercial Code (the "UCC") and under any other applicable law or agreement to exercise any right with respect to the Margin Collateral and the Collateral subject to the security interest granted under the Agreement.

• 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.

• The Margin Collateral shall be in an amount equal to the Margin less the amount of any Margin Collateral already posted by the XXXX Supplier in which the Companies have a first priority, perfected security interest to secure the obligations of the XXXX Supplier under this Agreement and any Other XXXX Supply Agreement.

• If the XXXX 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, as applicable.

• Upon receipt of a Margin Call, the applicable XXXX Supplier shall provide to the Companies Margin Collateral, which shall comprise of cash, a Letter of Credit, or First Mortgage Bonds delivered or pledged as provided for in Section 6.9(c) below.

• If the XXXX Supplier receives a Margin Call after 1:00 p.m. prevailing Eastern Time on a Business Day, whether posting cash, a Letter of Credit, or First Mortgage Bond delivered or pledged as provided for in Section 6.9(c) below, then the XXXX Supplier must post Margin Collateral on the second Business Day following the Margin Call unless the Companies agree in writing to extend the period to provide Margin Collateral.

• Party B represents and warrants that it owns the Margin Collateral and the Collateral to be pledged and assigned to each of Party A and its affiliates hereunder and under any other agreement between Party B and Party A or any of its affiliates, free and clear of any liens, equities, claims (including, without limitation, participation interests) and transfer restrictions.

• Margin Collateral being held by the Companies not needed to satisfy the Margin (“Excess Collateral”), will be returned to the XXXX Supplier upon receipt of a written request from the XXXX Supplier; provided, however, that the XXXX Supplier may not request Excess Collateral until such Excess Collateral exceeds the Minimum Margin Threshold.

More Definitions of Margin Collateral

Margin Collateral means Collateral (other than Shares) deposited into the Collateral Account pursuant to Section 2.08(a) subject to a valid and perfected First Priority Lien in favor of Agents and Lenders as of such time.

Margin Collateral has the meaning set forth in Section 6.6(d). Mark-to-Market Exposure Amount means an amount calculated daily for each SSO Supplier reflecting the exposure to the Companies due to fluctuations in market prices for Energy as set forth in Section 6.5 and SSO Load per Tranche including any subsequent changes to the SSO Load per Tranche, minus amounts due to such SSO Supplier pursuant to Section 8.1. The total Mark-to-Market Exposure Amount will be equal to the sum of the

Margin Collateral. Any cash or Additional Assets transferred to Buyer under Section 4.01 or delivered to Buyer in satisfaction of the Liquidity Amount pursuant to Section 10.01(t) of this Agreement, including any Letter of Credit or any proceeds thereof.

Margin Collateral means Collateral that is acceptable to OSPL in accordance with the SGX-ST Rules;

Margin Collateral means the collateral required by and acceptable to Bank in its sole and absolute discretion to meet the Margin Requirement and other requirements as set forth in this Addendum. Bank reserves the right to change the types or amounts of Margin Collateral deemed acceptable under the Credit Documents. “Margin Collateral Value” means, at any time, the fair market value of the Margin Collateral as determined by Bank in its sole and absolute discretion.