Support Counterparty definition

Support Counterparty means any Person that agrees to provide credit or collateral support on behalf of the Borrower or any Guarantor to any Commodity Hedge Counterparty in respect of the obligations of the Borrower or any Guarantor under the related Permitted Commodity Hedge and Power Sale Agreement.
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Support Counterparty means the counterparty designated in accordance with the applicable Laws and the Support Agreement to act as Support Counterparty in the physically settled Power Purchase Agreement for Trading Period I, or as CfD counterparty in the financially settled Contract for Differences for Trading Period II, and to which general provisions apply for the entire Term of this Support Agreement, in combination with either the PPA terms relevant for Trading Period I or CfD terms relevant for Trading Period II.
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Examples of Support Counterparty in a sentence

  • The Seller shall, within [five (5)] Business Days of receipt of such notice (accompanied by a valid Invoice) from the Support Counterparty, compensate the Support Counterparty for the Seller´s loss so notified.

  • Upon occurrence of a Compensation Unavailability Event, the Seller shall provide written notice of such to the Support Counterparty.

  • The Support Counterparty shall notify the Seller of the date and time on which the transfer of this Agreement to the Transferee Counterparty shall take effect.

  • If compensation as per this clause applies, the Support Counterparty may require the Seller to comply with forecast accuracy requirements as per 7.17 mutandis mutandis.

  • If the Support Counterparty does not elect to purchase the Metered Output during the Commissioning Period, the Developer may offer the Metered Output on the free electricity market in accordance with the electricity market rules and the Applicable Laws.

  • Such written notice shall be accompagnied by a balancing group agreement with the other third party and necessary arrangements (if any) with the Support Counterparty and the OST, in accordance with the Applicable Laws, to ensure delivery obligations in accordance with clauses 7.2(a)(ii) and 7.2(b).

  • In the event of breach of this obligation by the Seller, without prejudice to any defences available to the Seller under this Agreement or Applicable Laws and the rights of the Support Counterparty under this Agreement or Applicable Laws, the Support Counterparty may determine its direct, actual, reasonable and demonstrable loss associated therewith and to notify the Seller thereof.

  • The Seller shall notify the Support Counterparty of any such assignment as soon as reasonably practicable.

  • If the Seller`s generation is partly or totally curtailed due to Negative Price Period(s) as per this clause for an aggregated amount of settlement periods higher than [■], the Seller is entitled to a compensation by the Support Counterparty for an amount equal to: [the product of: (i) Electricity Price and (ii) the Final Nominated Output for the curtailed volumes].

  • On the date on which ▇▇▇▇▇▇▇▇▇ becomes aware of the Extended Conditions Longstop Date, it shall notify the Support Counterparty in writing and provide to the Support Counterparty evidence as the Support Counterparty reasonably requires.

Related to Support Counterparty

  • Acceptable Counterparty means any counterparty to the Interest Rate Cap Agreement that has and shall maintain, until the expiration of the applicable Interest Rate Cap Agreement, a long-term unsecured debt rating of at least “A+” by S&P and “Aa3” from ▇▇▇▇▇’▇, which rating shall not include a “t” or otherwise reflect a termination risk and is otherwise reasonably acceptable to Lender.

  • Eligible Counterparty means an Eligible Counterparty in accordance with CySEC Rules, as specified in the document “Client Categorization Policy”.

  • Hedge Counterparty Ratings Requirement means (a) either (i) the unsecured, short-term debt obligations of the substitute counterparty (or its Credit Support Provider) are rated at least “A-1” by S&P or (ii) if the substitute counterparty does not have a short-term rating from S&P, the unsecured, long-term senior debt obligations of the substitute counterparty (or its Credit Support Provider) are rated at least “A+” by S&P, (b) either (i) the unsecured, long-term senior debt obligations of such substitute counterparty (or its Credit Support Provider) are rated at least “A1” by Moody’s (and if rated “A1” by Moody’s, such rating is not on watch for possible downgrade to below “A1”) and the unsecured, short-term debt obligations of such substitute counterparty (or its Credit Support Provider) are rated at least “P-1” by Moody’s (and if rated “P-1” by Moody’s, such rating is not on watch for possible downgrade and remaining on watch for possible downgrade), or (ii) if such substitute counterparty (or its Credit Support Provider) does not have a short-term debt rating from Moody’s, the unsecured, long-term senior debt obligations of such substitute counterparty (or its Credit Support Provider) are rated at least “Aa3” by Moody’s (and if rated “Aa3” by Moody’s, such rating is not on watch for possible downgrade to below “Aa3”), and (c) either (i) the unsecured, long-term senior debt obligations of such substitute counterparty (or its Credit Support Provider) are rated at least “A” by Fitch or (ii) the unsecured, short-term debt obligations of such substitute counterparty (or its Credit Support Provider) are rated at least “F1” by Fitch. For the purpose of this definition, no direct or indirect recourse against one or more shareholders of the substitute counterparty (or against any Person in control of, or controlled by, or under common control with, any such shareholder) shall be deemed to constitute a guarantee, security or support of the obligations of the substitute counterparty.

  • Counterparty means PJMSettlement as the contracting party, in its name and own right and not as an agent, to an agreement or transaction with a Market Participant or other entities, including the agreements and transactions with customers regarding transmission service and other transactions under the PJM Tariff and the Operating Agreement. PJMSettlement shall not be a counterparty to (i) any bilateral transactions between Members, or (ii) any Member’s self- supply of energy to serve its load, or (iii) any Member’s self-schedule of energy reported to the Office of the Interconnection to the extent that energy serves that Member’s own load.

  • Hedging Counterparty means HSBC Bank plc or any Affiliate of HSBC Bank plc or any other party