Specified Counterparty definition

Specified Counterparty means (a) prior to the Project Completion Date, each of the Construction Contractors and each guarantor party to a Parent Guarantee, (b) any counterparty to a Required LNG SPA and (c) any guarantor party to an Initial LNG SPA Guarantee or any other guarantee delivered in respect of a Required LNG SPA.

Specified Counterparty means (a) prior to the Project Phase 1 Completion Date, each of the EPC Contractor, BHES, UOP, collectively, Weeks Marine Inc., and Xxxxxxx Construction Co., CB&I, and each guarantor party to a Phase 1 Parent Guarantee, (b) prior to the Project Phase 2 Completion Date, each of the EPC Contractor, BHES, UOP, collectively, Weeks Marine Inc., and Xxxxxxx Construction Co., CB&I, and each guarantor party to a Phase 2 Parent Guarantee,

Specified Counterparty means an entity described on Schedule 1.1(b) of the Company Disclosure Schedule.

Examples of Specified Counterparty in a sentence

• With respect to the Specified Counterparty Transactions for each Agent, this authority is expressly limited to a Net Daily Settlement Amount equal to the Settlement Limit specified in the applicable Notice (or its equivalent in any other currency) (the “Settlement Limit”) and a Counterparty Net Open Position equal to the Maximum Counterparty Net Open Position specified in the applicable Notice (or its equivalent in any other currency) (the “Maximum Counterparty Net Open Position”).

• The Settlement Limit and the Maximum Counterparty Net Open Position shall apply only to Specified Counterparty Transactions entered into between DBAG and the Counterparty, acting through the Counterparty Branch.

• In addition, no Specified Counterparty Transaction shall be entered into where the rate of exchange or premium payable under such Specified Counterparty Transaction reflects a historic rate or is otherwise materially different to the market rate at such time in either case as determined in the discretion of the Bank.

• The Agent shall promptly, in accordance with customary market practice, communicate trade details of each Specified Counterparty Transaction by notifying the Bank via a mutually acceptable electronic messaging system, e.g. Reuters.

• Any Specified Counterparty Transaction which does not constitute an Accepted Transaction shall be null and void as against the Bank and in respect of which the Agent unconditionally and irrevocably indemnifies the Bank in respect of all losses, costs, expenses and damages suffered by the Bank in respect thereof.

More Definitions of Specified Counterparty

Specified Counterparty means any Person that is a Lender, an Agent or an Affiliate of a Lender or an Agent at the time it enters into a Secured Hedge Agreement or a Secured Treasury Services Agreement, as applicable, in its capacity as a party thereto and that is designated a “Specified Counterparty” with respect to such Secured Hedge Agreement or Secured Treasury Services Agreement, as applicable, in a writing from the Borrower to the Administrative Agent, and (other than a Person already party hereto as a Lender or an Agent) that delivers to the Administrative Agent a letter agreement reasonably satisfactory to it (i) appointing each of the Administrative Agent and the Collateral Agent as its agent under the applicable Loan Documents and (ii) agreeing to be bound by Sections 11.7, 11.12 and 11.13 and Article 10 as if it were a Lender.

Specified Counterparty means any counterparty to any Specified Hedging Obligations.

Specified Counterparty means ***.

Specified Counterparty means any Person selected by the Counterparty and acceptable to the Hedge Provider in its sole discretion to enter into a Hedge Agreement with the Hedge Provider as part of any Sleeved Natural Gas Hedging Transaction.

Specified Counterparty means any entity or Person who or which, at any time during the two (2)-year period prior to the Closing Date (A) contracted for, was billed for, or received from the Company or any of its Subsidiaries any product, service or process; (B) was in contact with Covenantor or in contact with any other employee, owner, or agent of the Company or any of its Subsidiaries, of which contact Covenantor was or should have been aware, concerning any product, service or process of the Company or any of its Subsidiaries; or (C) was solicited by the Company or any of its Subsidiaries in an effort in which Covenantor was involved or should have been aware, concerning any product, service or process of the Company or any of its Subsidiaries;

Specified Counterparty means the counterparty set forth on Schedule 12(d) hereof.

Specified Counterparty means, with respect to any Swap Liability, Citibank, N.A., JPMorgan Chase Bank, N.A., Bank of America, N.A., Xxxxxxx Xxxxx Group, Inc. or Xxxxxx Xxxxxxx & Co. International PLC; provided that, prior to the Parent or any of its Subsidiaries entering into any Swap Agreement with any Specified Counterparty, the Borrower shall offer the Lenders the opportunity to provide such Swap Agreement on terms that are no less favorable to the Parent and its Subsidiaries than the terms offered by such Specified Counterparty (it being agreed and understood that if such Lenders fail to deliver a commitment to provide such Swap Agreement on such terms within ten (10) days after receipt of such offer, the Lenders shall be deemed to have declined such opportunity and the Borrower shall be deemed to have complied with its obligations under this proviso).