Credit Support Addendum Clause Samples

A Credit Support Addendum (CSA) is a contractual provision that outlines the terms and conditions under which parties to a financial agreement must provide collateral to mitigate credit risk. It typically specifies the types of acceptable collateral, the process for valuing and transferring collateral, and the circumstances that trigger collateral calls, such as changes in market value or credit ratings. By establishing clear rules for collateral management, the CSA helps ensure that each party is protected against the risk of counterparty default, thereby promoting financial stability and reducing potential losses.
Credit Support Addendum. The credit and collateral provisions are set forth in the Credit Support Addendum.
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Credit Support Addendum. The credit and collateral provisions are set forth in the Credit Support Addendum. The rights, obligations and liabilities under the Credit Support Addendum shall survive termination of this Master Agreement until the end of the Invalidation Term applicable to Offset Credits Delivered to Party A pursuant to a Terminated Transaction(s).
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Related to Credit Support Addendum

  • Certain Credit Support Events If (i) the L/C Issuer has honored any full or partial drawing request under any Letter of Credit and such drawing has resulted in an L/C Borrowing, (ii) as of the Letter of Credit Expiration Date, any L/C Obligation for any reason remains outstanding, (iii) the Borrower shall be required to provide Cash Collateral pursuant to Section 2.05 or 8.02(c), or (iv) there shall exist a Defaulting Lender, the Borrower shall immediately (in the case of clause (iii) above) or within one (1) Business Day (in all other cases) following any request by the Administrative Agent or the L/C Issuer, provide Cash Collateral in an amount not less than the applicable Minimum Collateral Amount (determined in the case of Cash Collateral provided pursuant to clause (iv) above, after giving effect to Section 2.15(a)(iv) and any Cash Collateral provided by the Defaulting Lender).

  • Credit Support A Credit Support Document between the Parties may apply to obligations governed by the Agreement. If the Parties have executed a Credit Support Document, such Credit Support Document shall be subject to the terms of the Agreement and is hereby incorporated by reference in the Agreement. In the event of any conflict between a Credit Support Document and the Agreement, the Agreement shall prevail, except for any provision in such Credit Support Document in respect of governing law.

  • Credit Support Obligations (i) Delivery Amount, Return Amount and Credit Support Amount.

  • REFERENCE TO THE CREDIT AGREEMENT (a) Upon the effectiveness of this First Amendment, each reference in the Credit Agreement to "this Agreement", "hereunder", or words of like import shall mean and be a reference to the Credit Agreement, as affected and amended hereby. (b) The Credit Agreement, as amended by the amendments referred to above, shall remain in full force and effect and is hereby ratified and confirmed.

  • Credit Support Provider Credit Support Provider means in relation to Party A: (1) Party A in its capacity as a party to the Credit Support Document and (2) the guarantor under any Eligible Guarantee, and in relation to Party B, Party B in its capacity as a party to the Credit Support Document.