Surplus Margin definition

Surplus Margin means Margin in excess of $400 million that has been secured by cash or letter of credit as defined in section (a) and (b) above and

Surplus Margin has the meaning set forth in Section 6.6(iii).

Surplus Margin means the Letter of Credit or Escrow Account amounts provided by the Buyer in excess of the Credit Exposure;

Examples of Surplus Margin in a sentence

• The Buyer fails to provide the Margin or the Seller fails to return the Surplus Margin in accordance with Clause 10.2 (Exposure Calculations and Payment Assurances).

• Surplus Margin Cover in one Trading Account will not automatically be allocated to another Trading Account, so you could lose all of your investment in one Trading Account (e.g. if you have not maintained the required margin cover for that Trading Account) and still have surplus Margin Cover in another Trading Account.

• The CPP-H Supplier will not unreasonably deny a request for a one-business day extension of the period for returning the Surplus Margin.

• Surplus (less PDC Dividend) / Average total assets + Loans (expressed as a %)b) I&E Surplus Margin: Expressed as an organisation ' s ability to make a profit on turnover.

• The Company may satisfy its obligation to return Surplus Margin included in a Letter of Credit posted by the CPP-H Supplier by signing and transmitting by telecopy to the issuing bank a New Availability Certificate (as provided for in Annex 3 to the Letter of Credit) for the new Margin amount.

• If the CPP-H Supplier posted cash and notice is received by the Company after 1:00 p.m. EPT on a Business Day, the Surplus Margin shall be returned by the second Business Day following the date of notice.

• Should the assignee choose to retain an attorney to handle the appeals process, they do so at their own expense and no counsel fees or costs shall be compensable, regardless of the outcome of the appeal.

• The latter two (see Appendix) appear as cant terms in LEME, but, as in previous cases, the OED does not label them as cant.The lexicographic relevance of The Squire of Alsatia lies in the number of cant terms that it contains and in the important number of first lexicographic documentations that the play provides for many of them.

• The CPP-A Supplier will not unreasonably deny a request for a one-business day extension of the period for returning the Surplus Margin.

• The Company may satisfy its obligation to return Surplus Margin included in a Letter of Credit posted by the CPP-A Supplier by signing and transmitting by telecopy to the issuing bank a New Availability Certificate (as provided for in Annex 3 to the Letter of Credit) for the new Margin amount.

More Definitions of Surplus Margin

Surplus Margin means the amounts to be computed for disproportionate sharing in accordance with the methodology described in Exhibit "A" attached hereto and made a part hereof.

Surplus Margin means Margin in excess of $400 million that has been secured by cash or letter of credit as defined in section (a) and (b) above and “First Mortgage Bonds” means obligations of such SSO Supplier or Guarantor, as the case may be, evidenced by a first mortgage bond or other similar instrument and secured by a first priority lien on all or substantially all of the property, plant and equipment and related assets of such SSO Supplier or Guarantor.

Surplus Margin means Margin in excess of $400 million that has been secured by cash or letter of credit as defined in section (a) and (b) above and “First Mortgage Bonds” means obligations of such SSO Supplier or Guarantor, as the case may be, evidenced by a first mortgage bond or other similar instrument and secured by a first priority lien on all or substantially all of the property, plant and equipment and related assets of such SSO Supplier or Guarantor. Notwithstanding anything in this Agreement to the contrary, the Companies may exercise any rights or claims to any collateral posted, delivered or pledged to them under this Agreement, before, after, concurrently with, or to the exclusion of, any other collateral posted, delivered or pledged, and in particular are not required to exercise any remedies whatsoever against any First Mortgage Bonds prior to applying any cash collateral against, or making a drawing under any letter of credit in respect of, any liabilities of the SSO Supplier hereunder or its Guarantor under the Guaranty to the Companies or any of them.