Replacement Credit Support definition

Replacement Credit Support has the meaning set forth in Section 6.7.

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Replacement Credit Support means the guarantees to be provided by the Partnership with respect to the Contracts set forth on Exhibit A.

Replacement Credit Support means bonds, guarantees, letters of credit, cash deposits, and other amounts, obligations or instruments to be furnished by Buyer at Closing sufficient to replace and obtain the release of the Existing Credit Support.

Examples of Replacement Credit Support in a sentence

Purchaser shall pay any and all fees, expenses, deposits or other amounts under or in connection with any Replacement Credit Support Arrangements.
SE Corp shall, and shall cause its Affiliates to, provide reasonable cooperation to SEP in connection with SEP’s efforts to obtain each Replacement Credit Support pursuant to this Section 6.7.
Buyer shall provide to Seller at Closing written evidence of such Replacement Credit Support Arrangement.
In connection therewith, Purchaser shall use commercially reasonable efforts to cause a credit worthy affiliate acceptable to Lender to provide all Replacement Credit Support Agreements (together with any other documentation, instruments, agreements, opinions and other materials) required by Lender.
In connection therewith, Purchaser shall pay all costs and fees of the Lender, including Lender’s legal fees and all applicable transfer fees and costs, in connection with obtaining such release of the Carlyle Guarantors under the Seller Credit Support Agreements and the provision of the Replacement Credit Support Agreements.
In such event, without limiting Purchaser’s indemnity and other obligations pursuant to the previous sentence, Seller or its Affiliates will maintain the relevant Credit Support Obligations in place until the earlier of (x) such time as the Credit Support Obligations are completed, abandoned or terminated in accordance with their terms, without amendment or extension, or (y) Purchaser is able to secure the Replacement Credit Support.
Purchaser shall directly communicate with Lender in connection with obtaining such release and providing such Replacement Credit Support Agreements, provided that Seller shall be entitled to participate in such communications and/or otherwise communicate with Lender in connection with such efforts.
The Jail shall conduct a minimum of no less than one (1) routine assessment per month of each inmate with hearing or speech disability regarding the provision of appropriate auxiliary aids and services.
Contractor Credit Support 54 Section 15.1 Contractor Credit Support 54 Section 15.2 Draws on Credit Support 54 Section 15.3 Replacement Credit Support 55 Section 15.4 Financial Statements 55 Section 15.5 Security is Not a Limit on Liability 55 Section 15.6 Release of Credit Support 55 Article 16.
Purchaser and Credit Support 44 Section 17.1 Purchaser Guaranty 44 Section 17.2 Draws on Credit Support 44 Section 17.3 Replacement Credit Support 45 Section 17.4 Financial Statements 45 Section 17.5 Security is Not a Limit on Liability 45 Section 17.6 Release of Credit Support 45 Article 18.

More Definitions of Replacement Credit Support

Replacement Credit Support means, in respect of Ineligible Credit Support that was delivered pursuant to Paragraph 11(h)(iv), Eligible CSA Collateral with a Value equal to the Value of the Ineligible Credit Support on the Exchange Date.

Replacement Credit Support has the meaning set forth in Section 4 hereof.

Replacement Credit Support means a Letter of Credit in the amount of the Letter of Credit Amount calculated as of the Closing Date.

Replacement Credit Support means, collectively, the Credit Support replaced by Rev on or prior to the Contribution Date for each applicable Contributor Subsidiary.