ML Guarantee definition
Examples of ML Guarantee in a sentence
ML: Guarantee of ML&Co. in the form attached hereto as Exhibit A.
Neither the issuing of any ML Guarantee nor the provision of collateral by the ▇▇▇▇▇▇▇ Parties in accordance with this Agreement, nor the consummation of the other transactions contemplated by the Transaction Documents, will violate any provision of such Act or any rule, regulation or order of the SEC thereunder.
Modifications from the form Power and Hedging Contract, Credit Support Agreement and ML Guarantee attached to this Agreement (as Exhibits C, D and A, respectively) shall require the consent of the ▇▇▇▇▇▇▇ Parties, not to be unreasonably withheld or delayed; provided that consent shall be deemed given with respect to the items provided on Schedule 2.02(a) if not objected to by the Sleeve Provider within one (1) Business Day of the receipt of the related proposed modification.
Each request by REPS for the issuance of an ML Guarantee or the execution of a Credit Support Agreement shall constitute a certification to the effect that the above conditions have been satisfied.
Reference is made to that certain Amended and Restated Credit Sleeve and Reimbursement Agreement dated as of September 24, 2006, as amended and restated as of August 1, 2007, by and among REPS, the Other Reliant Retail Obligors parties thereto, the Sleeve Provider, and ML Guarantee Provider (as amended, restated, supplemented or modified, the “CSRA”), the defined terms of which are used herein unless otherwise defined herein.
The Sleeve Provider shall notify REPS, promptly upon receipt from any beneficiary or recipient of an ML Guarantee or any secured party to which the Sleeve Provider has provided collateral pursuant to Article II (“▇▇▇▇▇▇▇ Collateral”) of any demand for payment under such ML Guarantee or any Collateral Foreclosure thereon.
The Sleeve Provider shall maintain records in which it shall record (i) each ML Guarantee issued hereunder or other ▇▇▇▇▇▇▇ Collateral provided hereunder, (ii) the amount of each Reimbursement Obligation, (iii) interest due and payable or to become due and payable from REPS to the Sleeve Provider hereunder and (iv) the amount of any sum received by the Sleeve Provider hereunder.
The Sleeve Provider shall maintain records in which it shall record (i) each ML Guarantee issued hereunder, (ii) the amount of each Reimbursement Obligation, (iii) interest due and payable or to become due and payable from REPS to the Sleeve Provider hereunder and (iv) the amount of any sum received by the Sleeve Provider hereunder.
Each request by REPS for the issuance of an ML Guarantee, the execution of a Credit Support Agreement or provision of ▇▇▇▇▇▇▇ Collateral shall constitute a certification to the effect that the above conditions have been satisfied.
Reference is made to that certain Credit Sleeve and Reimbursement Agreement dated as of September 24, 2006 (as amended and restated August 1, 2007) by and among REPS, the Other Reliant Retail Obligors parties thereto, the Sleeve Provider, and ML Guarantee Provider (as amended, restated, supplemented or modified, the “CSRA”).