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.
View Source
Unsecured Credit Limit shall have the meaning ascribed to it in Section 14.3 (Unsecured Credit).
View Source
Unsecured Credit Limit means Seller’s Fixed Amount, as adjusted by Seller Guarantor’s Credit Rating pursuant to Section 6.5.
View Source

Examples of Unsecured Credit Limit in a sentence

  • If at any time there shall occur a Downgrade Event in respect of Seller or, if applicable, Guarantor, Seller’s Unsecured Credit Limit shall automatically be zero.

  • Such Seller Guaranty shall be capped at the amount of Unsecured Credit Limit under Section 6.5.

  • As of the Effective Date and at any time following the Effective Date and from time to time during the Term of Agreement, notwithstanding an Event of Default under Section 7.1.6, if Buyer’s Exposure exceeds Seller’s Unsecured Credit Limit pursuant to Section 9.6, Buyer may demand that Seller provide Performance Assurance in an amount equal to the amount by which the Unsecured Credit Limit is exceeded rounded up to the nearest $250,000.00.

  • When the Amount of Performance Assurance held by Buyer is greater than the amount by which Buyer’s Exposure exceeds Seller’s Unsecured Credit Limit, then upon request of Seller, Buyer shall return the excess Performance Assurance, rounded down to the nearest $250,000.00 to Seller within two (2) Business Days of receipt of such request.

  • If at any time there shall occur a Downgrade Event in respect of Supplier or, if applicable, of Guarantor, Supplier’s Unsecured Credit Limit shall automatically be zero.

  • If at any time there shall occur a Downgrade Event in respect of Seller, Seller’s Unsecured Credit Limit shall automatically be zero.

  • Such Seller Guaranty shall be capped at the amount of the Unsecured Credit Limit under Section 6.7.

  • At any time following the receipt of the Regulatory Approval, if Buyer’s Exposure exceeds Seller’s Unsecured Credit Limit pursuant to Section 6.5, Seller shall provide additional Credit Support in an amount equal to the amount by which the Unsecured Credit Limit is exceeded, rounded up to the nearest two hundred fifty thousand dollars ($250,000.00).

  • When the amount of Credit Support held by Buyer, pursuant to Section 6.1(b), is greater than the amount by which Buyer’s Exposure Exceeds Seller’s Unsecured Credit Limit, then upon request of Seller, with such request being made not more often than on a quarterly basis, Buyer shall return excess Credit Support, rounded down to the nearest $250,000 to Seller within five (5) Business Days of receipt of such request.

  • At any time following the receipt of the Regulatory Approval, if Buyer’s Exposure exceeds Seller’s Unsecured Credit Limit pursuant to Section 6.7, Buyer may demand that Seller provide additional Credit Support in an amount equal to the amount by which the Unsecured Credit Limit is exceeded, rounded up to the nearest two hundred fifty thousand dollars ($250,000.00).


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.
View Source
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 ▇▇▇▇▇ 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.
View Source
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...
View Source

Related to Unsecured Credit Limit

  • FTR Credit Limit means the amount of credit established with PJMSettlement that an FTR Participant has specifically designated to be used for FTR activity in a specific customer account. Any such credit so set aside shall not be considered available to satisfy any other credit requirement the FTR Participant may have with PJMSettlement.

  • 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.

  • Letter of Credit Limit means $5,000,000.

  • Revolving Credit Availability means, at any particular time, the amount by which (x) the Aggregate Revolving Loan Commitment at such time exceeds (y) the Dollar Amount of the Revolving Credit Obligations outstanding at such time.