Seller Credit Support definition

Seller Credit Support has the meaning set forth in Section 8.15(a).

Seller Credit Support means the MISO L/C and such other guaranties, letters of credit, documents and instruments as set forth on Schedule 1.01(c).

Seller Credit Support means the guarantees, letters of credit, bonds, cash deposits, and other sureties and credit assurances provided to any Government Authority, contract counterparty or other Person by Seller or any of its Affiliates (other than Hanover) related to the or required under any of the Contracts.

Examples of Seller Credit Support in a sentence

• Seller shall reimburse Buyer for reasonable out-of-pocket expenses of Buyer in connection with such cooperation, it being understood that such cooperation will not include any obligation to pay the counterparties to such Seller Credit Support Arrangements.

• Buyer agrees that, to the extent that the Seller Credit Support Arrangements serve to secure performance of obligations relating to the Business or the Acquired Assets which arise after the Closing, Buyer will enter into replacement credit support arrangements if and as necessary to secure such post-Closing obligations.

• Buyer and Sellers agree that the Seller Credit Support Arrangements are not intended to inure to the benefit of Buyer after the Closing and that Sellers intend to monetize the Seller Credit Support Arrangements after the Closing.

• In addition, Buyer agrees to cooperate with Sellers to enable Sellers to monetize the Seller Credit Support Arrangements for which Buyer is not required to enter into replacement credit support arrangements in accordance with the immediately preceding two sentences.

• Buyer acknowledges that, in the course of the conduct of the Business by Sellers, Sellers have entered into various arrangements (the "Seller Credit Support Arrangements"), including letters of credit, guaranty, surety and other similar obligations (all as set forth on Schedule 2.2(k)).

More Definitions of Seller Credit Support

Seller Credit Support has the meaning set forth in Section 4.11(c).

Seller Credit Support means, collectively, the Delmarva Credit Support and the Old Dominion Credit Support.

Seller Credit Support means the Initial Seller LC or any replacement credit support provided by Seller pursuant to Article 9, as such Initial Seller LC or replacement credit support is reduced or increased pursuant to Article 9.

Seller Credit Support has the meaning set forth in Section 6.2.

Seller Credit Support. As set forth in the Master Agreement.

Seller Credit Support means (a) for the period commencing ten (10) Business Days after the Effective Date and ending ten (10) days after the issuance of the Notice to Proceed, the Pre-Construction Credit Support, (b) for the period commencing ten (10) days after the issuance of the Notice to Proceed and ending on the day before the Commercial Operation Date, the Construction Credit Support, (c) for the period commencing on the Commercial Operation Date and ending on the last day before the tenth (10th) Contract Year (or, if earlier, the termination of this Agreement and the payment of all amounts owed to Buyer hereunder), the Subsequent Credit Support Tier I, and (d) for the period commencing on the first day of the 11th Contract Year and lasting until the expiration or termination of this Agreement and the payment of all amounts owed to Buyer hereunder, the Subsequent Credit Support Tier II.

Seller Credit Support means (a) a payment guaranty from a Creditworthy Entity substantially in the form of Exhibit B, (b) a letter of credit issued by a Creditworthy Bank substantially in the form of Exhibit C-1, (c) a letter of credit confirmed by a Creditworthy Bank substantially in the form of Exhibit