Position Report Clause Samples

Position Report. Producer shall deliver by no later than noon each business day a position report showing the volume of Commodities used and produced at the Facility and the hedging positions and Commodity sales commitments taken or made by Producer, the Corn Procurement Agent and Commodity Marketers with respect to such Commodities in a format reasonably acceptable to Bunge.

Position Report. The term “Position Report” when applied with respect to any Payment Request means a written statement signed on behalf of the corporation by its Chief Executive Officer, Chief Financial Officer or General Counsel (a) affirming that the corporation has made such investigation as is necessary in order to enable the corporation to provide the Position Report on an informed basis, (b) identifying (i) any condition which the corporation believes must be satisfied before the corporation will be obligated to pay all or any part of the Full Amount Requested, (ii) any other action which the corporation believes must be taken by the corporation, the Requestor or any other person before the corporation will become obligated to pay any amount requested, (iii) any other reason the corporation believes it is not obligated to pay all or any part of the Full Amount Requested, and (iv) the actions the corporation has taken or intends to take in response to the requirements in Section 9.8.4 and the status of such actions.

Position Report. A report of open positions is generated daily by Risk Control will be distributed to senior traders, the MEGA Managing Director of Trading, and members of the MESA Risk Committee as requested. The position report will detail positions by commodity and type of portfolio risk. Additional detail reports will have information regarding delivery points and delivery period. Risk positions can be viewed on a consolidated basis and by portfolio. This report will identify the delta and gamma position based upon the current market price of the underlying commodity and current volatility levels. Additionally there will be available a report to illustrate sensitivity of the delta, gamma, vega, ▇▇d theta of the portfolio given a range of increases and decreases in the price of the underlying commodity. - Delta- The change in option value due to changes in the price of the underlying commodity. - Gamma- The change in the option value due to the rate of change in the price of the underlying commodity. - Vega- ▇▇e change in option value due to changes in the volatility of the underlying commodity. - Theta- The change in option value due to the remaining time until expiration of the option contract. - Rho- The change in option value due to changes in interest rates. 1 DAILY PROFIT AND LOSS ANALYSIS ("P&L")- A daily mark-▇▇-market P&L is critical to monitor performance. This information is contained in the Position Report. The P&L should include complete mark-▇▇-market of all forward positions for physicals, futures, options, and swaps (including both realized and unrealized gains and losses), a valuation of inventory at market, and accruals of major execution expenses. The P&L should capture daily results from all trading positions, existing as well as new.

Position Report. Consolidated Net position for all Grain Inventory in the aggregate bushels*

Position Report. As soon as available, beginning with month ending May 31, 2007, and in no event later than 30 days after the end of each month thereafter, a Position Report for that month, such report certified complete and correct from a source acceptable to Lender. Lender hereby waives any Default or Event of Default that may arise or may have arisen solely as a result of the Borrower’s failure to comply with the following described provisions in the Credit Agreement in connection with the execution of bond documents relating to the Tax Increment Revenue Bonds and notwithstanding anything to the contrary contained in the Credit Agreement, the Lender hereby consents to Borrower obtaining tax increment financing under agreements by which Borrower shall guaranty repayment of the bonds and provide subordinate liens in connection therewith. Sections 7.7, 7.8, 7.9 and 7.10 are accordingly amended to give effect to this consent. Borrower hereby represents and warrants to the Lender that, after giving effect to this Amendment, (i) no Default or Event of Default exists under the Credit Agreement or any of the other Loan Documents and (ii) the representations and warranties set forth in the Credit Agreement are true and correct in all material respects as of the date hereof (except for those which expressly relate to an earlier date). Borrower hereby ratifies the Credit Agreement and acknowledges and reaffirms (i) that it is bound by all terms of the Credit Agreement applicable to it and (ii) that it is responsible for the observance and full performance of its respective obligations. Borrower hereby certifies that the person(s) executing this Amendment on behalf of Borrower is/are duly authorized to execute such document in behalf of Borrower and that there have been no changes in the name, ownership, control, organizational documents, or legal status of the Borrower since the last application, loan, or loan servicing action; that all resolutions, powers and authorities remain in full force and effect, and that the information provided by Borrower is and remains true and correct. This Amendment may be executed by the parties hereto in several counterparts, each of which shall be deemed to be an original and all of which shall constitute one and the same agreement. Delivery of executed counterparts of this Amendment by telecopy shall be effective as an original and shall constitute a representation that an original shall be delivered. THIS AMENDMENT SHALL BE DEEMED TO BE A CONTRA...