Unsecured Credit Limit definition

Unsecured Credit Limit is that proportion of the Maximum Unsecured Credit Limit extended to a User by the Transporter as calculated in accordance with the table set out in paragraph 3.1.3 or 3.1.4 as appropriate.
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Unsecured Credit Limit shall have the meaning ascribed to it in Section 14.3 (Unsecured Credit).
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Unsecured Credit Limit means Seller’s Fixed Amount, as adjusted by Seller Guarantor’s Credit Rating pursuant to Section 6.5.
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Examples of Unsecured Credit Limit in a sentence

  • A Counter-Party must, at all times, maintain its Financial Security at or above the amount of its Total Potential Exposure (TPE) minus its Unsecured Credit Limit.

  • The CAISO shall determine the Unsecured Credit Limit for each Market Participant in accordance with the procedures set forth in the applicable Business Practice Manual.

  • Each Market Participant requesting an Unsecured Credit Limit shall submit an application to the CAISO in the form specified on the CAISO Website.

  • If any Market Participant requesting or maintaining an Unsecured Credit Limit is affiliated with one or more other entities subject to the credit requirements of this Section 12, the CAISO may consider the overall creditworthiness and financial condition of such Affiliates when determining the applicable Unsecured Credit Limit.

  • In addition, the CAISO may review the Unsecured Credit Limit for any Market Participant whenever the CAISO becomes aware of information that could indicate a Material Change in Financial Condition.

  • A Market Participant that does not have an Unsecured Credit Limit, or that has an Unsecured Credit Limit that is less than its Estimated Aggregate Liability, shall post Financial Security that is acceptable to the CAISO and that is sufficient to ensure that its Aggregate Credit Limit (i.e., the sum of its Unsecured Credit Limit and Financial Security Amount) is equal to or greater than its Estimated Aggregate Liability.

  • In accordance with the procedures described in the applicable Business Practice Manual, each Market Participant requesting or maintaining an Unsecured Credit Limit is required to submit to the CAISO or its agent financial statements and other information related to its overall financial health as directed by the CAISO.

  • The time of other meetings shall be determined by those present at the first meeting; at all meetings the parties shall have the right to caucus or recess.

  • The Unrated Governmental Entity seeking to establish an Unsecured Credit Limit pursuant to this section shall provide documentation establishing its annual appropriations.

  • In the event the CAISO determines that the Unsecured Credit Limit of a Market Participant must be reduced as a result of a subsequent review, the CAISO shall notify the Market Participant of the reduction, and shall, upon request, also provide the Market Participant with a written explanation of why the reduction was made.


More Definitions of Unsecured Credit Limit

Unsecured Credit Limit means the lesser of Supplier’s or Guarantor’s % Tangible Net Worth or the Fixed Amount, each as adjusted by Supplier’s or Guarantor’s Credit Rating pursuant to Section 7.3.
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Unsecured Credit Limit tel que ce terme est défini dans la Convention, majorée de tous les frais raisonnables engagés par le Bénéficiaire pour faire valoir ses droits contre la Caution en vertu du présent Cautionnement, y compris les honoraires d’avocats, frais de justice et xxxxx semblables. À la demande de la Caution, le Bénéficiaire fournira à celle-ci tous les renseignements utiles se rapportant à la teneur et aux conditions des obligations de HQUS en ce qui concerne la Convention ainsi qu’un relevé de compte détaillé relatif aux factures et aux paiements. La livraison de ces informations n’est pas une condition préalable à une demande de paiement en vertu de ce Cautionnement et le défaut par le Bénéficiaire de fournir ces informations n’entraîne pas la libération des obligations, ni ne constitue un moyen de défense, de la Caution en vertu des présentes. Article 2.
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Unsecured Credit Limit means the lesser of Seller’s or Guarantor’s % Tangible Net Worth or the Fixed Amount, each as adjusted by Seller’s or Guarantor’s Credit Rating pursuant to Section 9.6. Effective Date and Filing; Term of Agreement This Agreement shall be binding on the Parties as of the Effective Date; provided, however, that the Parties acknowledge and understand that the pricing and material terms of this Agreement and any applicable Service Attachment(s) are subject to PURA approval, and that Seller’s obligation to sell and Buyer’s obligation to purchase Standard Service Requirements and/or LRS Requirements pursuant to this Agreement and any applicable Service Attachment(s) shall be subject to, and is contingent upon, Buyer successfully obtaining all necessary regulatory authorizations, including approval of the terms of this Agreement and all applicable Service Attachment(s) by PURA pursuant to Section 16-244c of the Connecticut General Statutes and the requirements set forth in PURA’s June 21, 2006 order in Docket No. 06-01-08PH01 (the “June 21, 2006 Order”) and the requirements set forth in PURA’s October 12, 2012 order in Docket No. 12-06-02 (the “October 12, 2012 Order”). Buyer shall bear the cost of any required PURA filing, except for any costs incurred by Seller associated with Seller’s intervention. Buyer shall request that PURA accord confidential treatment to the identity of Seller for a period of two (2) weeks from the date of PURA’s issuance of its approval or rejection, as applicable, of such filing. In the event that PURA does not approve the pricing and material terms of this Agreement and/or any Service Attachment(s) in a form acceptable to Buyer, the Buyer may elect to seek to negotiate such changes to this Agreement and/or any Service Attachment(s) as may be necessary to obtain such approval. If the Parties are unable to negotiate such changes that are satisfactory to each Party within five (5) Business Days after the PURA order, the Buyer shall have the right to terminate this Agreement and/or the applicable Service Attachment(s) by giving one (1) Business Days’ written notice to the Seller, in which event the Agreement and/or applicable Service Attachment shall be null and void and of no further force and effect. In the event the Parties negotiate such changes and PURA does not approve the same in a form acceptable to Buyer, the Buyer shall have the right to elect to terminate this Agreement and/or the applicable Service Attachment upon not less tha...
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Unsecured Credit Limit shall have the meaning ascribed to it in Section 12.3 (Unsecured Credit).
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Related to Unsecured Credit Limit

  • Credit Limit means the total dollar amount of the Account which we approved and which you may borrow against according to the terms of this Agreement.

  • Credit Line as defined in Section 2.1.

  • Revolving Credit Agreement means that certain Revolving Credit Agreement dated as of August 30, 2004 between the Company, certain of its Subsidiaries and the banks and financial institutions listed therein, as such agreement may be replaced, amended, supplemented or otherwise modified from time to time.

  • Revolving Credit Obligations means, at any particular time, the sum of (i) the outstanding principal amount of the Revolving Loans at such time, plus (ii) the outstanding principal amount of the Swing Line Loans at such time, plus (iii) the outstanding L/C Obligations at such time.

  • First Lien Credit Agreement has the meaning set forth in the Recitals to this Agreement.

  • Revolving Credit Facility means, at any time, the aggregate amount of the Revolving Credit Lenders’ Revolving Credit Commitments at such time.

  • Second Lien Credit Agreement means the Second Lien Credit Agreement, dated as of the Original Closing Date, among Holdings, the Borrower, as borrower, the lenders party thereto and Credit Suisse AG, Cayman Islands Branch, as administrative agent, as such document may be amended, renewed, restated, supplemented or otherwise modified from time to time.

  • Bank Credit Agreement means the Credit Agreement dated as of May 9, 2005 by and among the Company, certain Subsidiaries of the Company named therein, the Administrative Agent, and the Bank Lenders and other financial institutions party thereto, as amended, restated, joined, supplemented or otherwise modified from time to time, and any renewals, extensions or replacements thereof, which constitute the primary bank credit facility of the Company and its Subsidiaries.

  • Revolving Loan Outstandings means, at any time of calculation, (a) the then existing aggregate outstanding principal amount of Revolving Loans, and (b) when used with reference to any single Lender, the then existing outstanding principal amount of Revolving Loans advanced by such Lender.