Party A Rounding Amount definition
Examples of Party A Rounding Amount in a sentence
On any Business Day (but no more frequently than weekly with respect to Letters of Credit and daily with respect to cash), Party A, at its sole cost, may request that such Performance Assurance be reduced to the extent that the amount of Performance Assurance posted by Party A exceeds the Termination Payment (rounding upwards for any fractional amount to the next Party A Rounding Amount) that would be owed to Party B.
On any Business Day (but no more frequently than weekly with respect to Letters of Credit and daily with respect to cash), Party A, at its sole cost, may request that such Party A Performance Assurance be reduced correspondingly to the amount of such excess Termination Payment plus Party A’s Independent Amount, if any, (rounding upwards for any fractional amount to the next Party A Rounding Amount).
On any Business Day (but no more frequently than weekly with respect to Letters of Credit and daily with respect to cash), Party A, at its sole cost, may request that such Party A Performance Assurance be reduced correspondingly to the amount of such excess Termination Payment plus Party A's Independent Amount, if any, (rounding upwards for any fractional amount to the next Party A Rounding Amount).
On any Business Day (but no more frequently than weekly with respect to Letters of Credit and daily with respect to cash), Party A, at its sole cost, may request that such Party A Performance Assurance be reduced to the amount of such excess Early Termination Payment plus Party A’s Independent Amount, if any, (rounding upwards for any fractional amount to the next Party A Rounding Amount).
On any Business Day (but no more frequently than weekly with respect to Letters of Credit and daily with respect to cash), Party A, at its sole cost, may request that such Party A Performance Assurance be reduced correspondingly to the amount of such excess Early Termination Payment plus Party A’s Independent Amount, if any, (rounding upwards for any fractional amount to the next Party A Rounding Amount).
Party A Independent Amount: $ Party A Rounding Amount: $ (d) Downgrade Event: 🞎 Not Applicable ⌧ Applicable If applicable, complete the following: ⌧ It shall be a Downgrade Event for Party A if Party A’s Credit Ratings from both S&P and ▇▇▇▇▇’▇ fall below BBB and Baa2, respectively, or if Party A is not rated by either S&P or ▇▇▇▇▇’▇.
On any Business Day (but no more frequently than weekly with respect to Letters of Credit and daily with respect to cash), Party A, at its sole cost, may request that such Party A Performance Assurance be reduced correspondingly to the amount of such excess Termination Payment plus Party A’s Independent Amount, if any (rounding upwards for any fractional amount to the next Party A Rounding Amount).
Party A Independent Amount: $ Party A Rounding Amount: $ (d) Downgrade Event: □ Not Applicable ⌧ Applicable If applicable, complete the following: ⌧ It shall be a Downgrade Event for Party A if Party A’s Credit Ratings from both S&P and Moody’s fall below BBB and Baa2, respectively, or if Party A is not rated by either S&P or Moody’s.