Sleeve Provider definition
Examples of Sleeve Provider in a sentence
In connection with each adjustment to the Counterparty Limitations described in this paragraph, the Sleeve Provider shall promptly provide an updated Exhibit B reflecting such adjustment to REPS.
The entries made in the records maintained pursuant to paragraph (a) above shall be prima facie evidence of the existence and amounts of the obligations recorded therein; provided that the failure of the Sleeve Provider to maintain such records or any error therein shall not in any manner affect the obligation of REPS to repay the Reimbursement Obligations in accordance with the terms of this Agreement.
For performing its services under this Agreement, Distributor will receive a fee from the Trust's investment adviser in accordance with agreements between them as permitted by applicable laws, including the Act and rules and regulations promulgated thereunder.
The Sleeve Provider shall notify REPS of the Dollar amount paid by the ▇▇▇▇▇▇▇ Parties as a result of such demand or the Dollar amount of ▇▇▇▇▇▇▇ Collateral relating to such Collateral Foreclosure, as applicable, and the date on which payment was made by a ▇▇▇▇▇▇▇ Party in respect of such demand or the date on which such Collateral Foreclosure occurred, as applicable (any such date, a “Capital Outlay Date”).
If cure is not effected within such three (or four) Business Day period, then as the Sleeve Provider’s sole remedy with respect to such violation, other than under Section 6.13(b)(ii), the Sleeve Provider shall have the right to enter into ▇▇▇▇▇▇ with REPS to effect the cure at prices consistent with the prices the Sleeve Provider would use in transactions with third parties at the applicable times and in the applicable volumes.
On each day in which REPS is permitted to value exposure or make any other determination in respect of collateral to be posted by or to the Sleeve Provider in connection with any posting obligation that the Sleeve Provide has agreed to undertake in connection with this Agreement, REPS shall make such valuation or determination in good faith and in a commercially reasonable manner.
In exercising such right, Sleeve Provider will use the same standard of care as Sleeve Provider uses in conducting transactions to correct risk policy violations under Sleeve Provider’s risk policies.
The Reliant Retail Obligors have disclosed to the Sleeve Provider all agreements, instruments and corporate or other restrictions to which the Reliant Retail Obligors are subject, and all other matters known to it (other than general industry, political, and economic conditions), that, individually or in the aggregate, could reasonably be expected to result in a Material Adverse Effect.
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.
Following the execution thereof by all applicable parties and as soon as is commercially practicable, REPS shall provide the Sleeve Provider with a complete, fully executed set of Counterparty Documents with respect to each Accepted Counterparty.