Unsecured Credit definition

Unsecured Credit means any credit granted by PJMSettlement to a Participant that is not secured by Collateral.

Unsecured Credit means an amount that is the lower of: (i) the relevant Unsecured Credit Limit as determined pursuant to Section 14.3 (Unsecured Credit); (ii) the relevant TNW Amount, as determined pursuant to Section 14.3 (Unsecured Credit); or (iii) the Guaranty Amount from Seller’s Guarantor as set forth in the Guaranty Agreement.

Unsecured Credit means the fur- nishing of service without maintaining on a continuing basis advance pay- ment, deposit, or other security, that is designed to assure payment of the estimated amount of service for each future 2 months period, with revised es- timates to be made on at least a monthly basis.§ 64.804 Rules governing the extension of unsecured credit to candidates or persons on behalf of such can- didates for Federal office for inter- state and foreign common carrier communication services.(a) There is no obligation upon a car- rier to extend unsecured credit for interstate and foreign communication services to a candidate or person on be- half of such candidate for Federal of- fice. However, if the carrier chooses to extend such unsecured credit, it shall comply with the requirements set forth in paragraphs (b) through (g) of this section.(b) If a carrier decides to extend un- secured credit to any candidate for Federal office or any person on behalf of such candidate, then unsecured cred- it shall be extended on substantially equal terms and conditions to all can- didates and all persons on behalf of all candidates for the same office, with due regard for differences in the esti- mated quantity of service to be fur- nished each such candidate or person.

Examples of Unsecured Credit in a sentence

• A Customer shall be required to allocate Unsecured Credit, where allowed, and/or provide collateral in an amount equal to or greater than its Operating Requirement.

• A Customer shall be required to allocate Unsecured Credit, where allowed, and/or provide collateral in an amount equal to or greater than its Bidding Requirement prior to submitting bids in an ISO-administered TCC or ICAP auction.

• A Customer requesting Unsecured Credit shall provide to the ISO audited annual financial statements from the most recent three (3) years and its recent quarterly financial statement.

• Notwithstanding Section 26.2.2.1 of this Attachment K, government entities that do not normally prepare quarterly financial statements shall not be required to provide them to qualify for Unsecured Credit.

• In addition to the reporting requirements in Section 26.2.1., above, a Customer requesting Unsecured Credit, including a request for an Equivalency Rating, shall be required to comply with the reporting requirements of this Section 26.2.2.

More Definitions of Unsecured Credit

Unsecured Credit means the fur- nishing of service without maintaining on a continuing basis advance pay- ment, deposit, or other security, that is designed to assure payment of the estimated amount of service for each future 2 months period, with revised es- timates to be made on at least a monthly basis.

Unsecured Credit means any credit granted by PJMSettlement to a Participant that is not secured by a form of Financial Security.

Unsecured Credit means the fur- nishing of service without maintaining on a continuing basis advance pay- ment, deposit, or other security, that is designed to assure payment of the estimated amount of service for each future 2 months period, with revised es- timates to be made on at least a monthly basis.§ 64.804 Rules governing the extension of unsecured credit to candidates or persons on behalf of such can- didates for Federal office for inter- state and foreign common carrier communication services.

Unsecured Credit means any credit granted by PJMSettlement to a Participant that is not secured by a form of Financial SecurityCollateral.

Unsecured Credit means credit extended only on the basis of the debtor’s promise to repay, without any collateral security.

Unsecured Credit means any Credit Issued hereunder that is not secured by Collateral.

Unsecured Credit means credit facilities granted without security by a SACA.