Contingent Exposure definition

Contingent Exposure means the risk exposure which the Operating Lender has booked in its internal records as its potential risk in respect of a Derivative Instrument entered into pursuant hereto provided that, if such exposure cannot be ascertained from the Operating Lender, such exposure shall be determined by the Agent applying its standard banking criteria for similar type transactions.
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Contingent Exposure means, with respect to any Post-Unwind Start Date Transaction, the aggregate Dollar amount of all potential liability of the Merrill Parties in respect of such transaction, as reasonably determined by the Merrill Parties to a 99.0% (2.32-sigma) confidence level. The determination of Contingent Exposure in respect of any Post-Unwind Start Date Transaction shall be made on a contract by contract basis and shall exclude any amounts included in the calculation of Current Exposure.
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Examples of Contingent Exposure in a sentence

  • If an Event of Default shall have occurred and be continuing, the excess of the funds in the Canadian L/C Cash Collateral Account over the Relevant Contingent Exposure shall be retained in the Canadian L/C Cash Collateral Account and may be withdrawn by the Collateral Agent and applied in the manner specified in Section 5.05 of this Agreement.

  • If an Event of Default shall have occurred and be continuing, the excess of the funds in the U.S. L/C Cash Collateral Account over the Relevant Contingent Exposure shall be retained in the U.S. L/C Cash Collateral Account and may be withdrawn by the Collateral Agent and applied in the manner specified in Section 5.05.

  • If at any time the amount in the LC Collateral Account exceeds the aggregate Relevant Contingent Exposure, the excess amount shall, so long as no Event of Default shall have occurred and be continuing, be promptly withdrawn by the Administrative Agent and paid to, or as directed by, the Company.

  • If at any time the amount in the Cash Collateral Account is less than the Relevant Contingent Exposure, Borrower shall promptly deposit in the Cash Collateral Account additional cash collateral in the amount of such shortfall.

  • If at any time the amount in the Cash Collateral Account exceeds the Relevant Contingent Exposure, the excess amount shall, so long as no Default or Event of Default shall have occurred and be continuing, be withdrawn by Agent and paid to Borrower.

  • FTPS — Merchant Exposure Guidelines, Continued Procedures for Exposure Calculation Calculation of the estimated Contingent Exposure is dependant upon the merchant business type as defined by MCC code and the expected related terms of sale between the merchant and cardholder.

  • If at any time the amount in the L/C Cash Collateral Account exceeds the Relevant Contingent Exposure, the excess amount shall, so long as no Event of Default shall have occurred and be continuing, be withdrawn by the Collateral Agent and paid to the applicable Loan Party or its order.

  • If an Event of Default shall have occurred and be continuing, the excess of the funds in the L/C Cash Collateral Account over the Relevant Contingent Exposure shall be retained in the L/C Cash Collateral Account and, upon the occurrence and continuation of an Event of Default, may be withdrawn by the Collateral Agent and applied in the manner specified in Section 5.05.

  • So long as no Default or Event of Default shall have occurred and be continuing, the funds in the Cash Collateral Account in excess of the Relevant Contingent Exposure shall be paid to Duratek on demand.

  • If an Event of Default shall have occurred and be continuing, the excess of the funds in the L/C Cash Collateral Account over the Relevant Contingent Exposure shall be retained in the L/C Cash Collateral Account and may be withdrawn by the Collateral Agent and applied in the manner specified in Section 5.04.