Examples of New Credit Support in a sentence
Certain assets (being the Eligible Credit Support and/or, as applicable, the New Credit Support) required to be transferred by the Funding Counterparty to the Issuer from time to time under the Credit Support Annex that may be entered into following the occurrence of a Counterparty Downgrade.
Unless waived by LGE, any such failure would release LGE from its commitments under the Restructuring Agreement, including its commitment to provide the LGE New Credit Support.
On or after the Effective Date, pursuant to the terms and conditions of the Restructuring Agreement, LGE will provide the Debtor with the LGE New Credit Support.
The Credit Support Fee shall be payable monthly in arrears on the first Business Day of each month, commencing on the first such day closest to the fourth year anniversary of the Plan Effective Date and continuing on the first Business Day of each calendar month thereafter until all New Credit Support shall be replaced or terminated.
In no event shall Peabody be obligated to keep any New Credit Support in place after the fifth anniversary of the Plan Effective Date and the New Credit Support will be reduced over time as any New Credit Support rolls off or is reduced and not replaced.
The Facility Agent shall have received a copy of the Inventory of Hazardous Materials with respect to each New Credit Support Vessel, commencing on the date of the first drydocking of such New Credit Support Vessel after the Closing Date.3.
LGE New Credit Support...........................................
Certain assets (being the Eligible Credit Support and/or, as applicable, the New Credit Support) may be required to be transferred by the Funding Counterparty to the Issuer from time to time under the Credit Support Annex that may be entered into following the occurrence of a Counterparty Downgrade.
The terms and provisions (including, without limitation, the draw terms) of each of the Coal Act LC and the New Credit Support shall be satisfactory to Peabody, in its discretion as acceptable to the beneficiaries thereof.
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