Acceptable Security
means any of the following: (i) Guarantee; (ii) a Letter of Credit; (iii) Prepayment; (iv) a Cash Deposit; or (v) any other form of security proposed by the Customer and accepted by SL. Affiliate means in relation to SL, any company or legal entity that controls or is controlled by, or which is controlled by an entity which controls, SL, where control means the ownership, directly or indirectly, of more than fifty per cent. of the voting rights in a company or other legal entity, the right to appoint the majority of the board of directors (or equivalent body) of a company or legal entity or the contractual right to exercise a controlling influence over a company or other legal entity. Appropriate Investment Grade Status means a Moody’s credit rating of Baa3 or higher or a of BBB- or higher. Approved Bank means any bank with a credit rating of at least A3 from Moody’s or a credit rating of at least A- from S&P. Approved Rating Agency means Moody’s or S&P or such other credit rating entity agreed by SL and the Customer. Business Day has the meaning given to such term in the Code. Capacity Charges has the meaning given to such term in the Storage Services Contract.
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Examples of Acceptable Security in a sentence
If after the expiry or termination of the Storage Services Contract the Customer’s Indebtedness is zero (0) then SL shall release all outstanding Acceptable Security as soon as reasonably practicable and in any event within five (5) Business Days following such expiry or termination.
If a site visit is required, a fee of three hundred (300) dollars per day will be assessed for each Department representative conducting the site visit.
The Parties have agreed that the Customer shall provide the Acceptable Security by means of this Guarantee.
C Under the terms of the Credit Agreement the Customer is required to provide SL with Acceptable Security.
Each Credit Party agrees that at all times before the termination of this Agreement, payment in full of the Obligations, the termination and return of all Letters of Credit (other than Letters of Credit as to which arrangements satisfactory to the Issuing Lender in its sole discretion have been made) and termination in full of the Commitments, the Administrative Agent shall have an Acceptable Security Interest in the Collateral to secure the performance and payment of the Secured Obligations.
More Definitions of Acceptable Security
Acceptable Security
means any of the following acceptable to NGG (acting reasonably):
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Acceptable Security
means any of the following: (i) Guarantee; (ii) a Letter of Credit; (iii) Prepayment; (iv) a Cash Deposit; or (v) any other form of security proposed by the Customer and accepted by SL. Affiliate means in relation to SL, any company or legal entity that controls or is controlled by, or which is controlled by an entity which controls, SL, where control means the ownership, directly or indirectly, of more than fifty per cent. of the voting rights in a company or other legal entity, the right to appoint the majority of the board of directors (or equivalent body) of a company or legal entity or the contractual right to exercise a controlling influence over a company or other legal entity. Appropriate Investment Grade Status means a Moody’s credit rating of Baa3 or higher or a of BBB- or higher. Approved Bank means any bank with a credit rating of at least A3 from Moody’s or a credit rating of at least A- from S&P. Approved Rating Agency means Moody’s or S&P or such other credit rating entity agreed by SL and the Customer. Available Deliverability/Deliverability has the meaning given to such term in the Storage Services Contract. Available Injectability/Injectability has the meaning given to such term in the Storage Services Contract. Business Day has the meaning given to such term in the Code. Capacity Charges has the meaning given to such term in the Storage Services Contract.
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Acceptable Security
means a security within a First Nation's control which is accessible to use as a payment to the Minister if a First Nation Council has defaulted on a Loan, and includes stockholdings, bondholdings, real property, and moveable assets, but does not include any security under the control of the Minister.
Acceptable Security
means security in respect of the Buyer’s obligations under the Sale Contract in a form acceptable to the Seller as requested by the Seller pursuant to clause 15 of these GTCs.
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Acceptable Security
means the types of security listed under TPD Section V 3.4.6. For the purposes of this definition, where a Reservation Party is not a User, it shall be treated as if it were a User under the relevant provisions of TPD Section V. Ad-Hoc Demonstration Date means, where the Reservation Party has not provided NGG with the Demonstration Information by the Third Demonstration Date, such later date as the NGG may agree for the purposes of Clause 5.4.
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