Forward Contract Exposure definition

Forward Contract Exposure means the sum of: (i) twenty percent (20%) (or such other percentage as the Metal Lender may from time to time reasonably announce in accordance with its customary business practices) of the stated face amount or aggregate notional value (in either case, as of the date any such Forward Contract was entered into), as applicable, of all outstanding Forward Contracts entered into by the Customer pursuant to the Forward Contract Facility, plus (ii) all outstanding obligations for matured Forward Contracts.
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Forward Contract Exposure means with respect to any Forward Contract, the percentage agreed upon between the Lender and the Companies of the nominal value based on tenor and volatility up to $1,500,000.00.
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Forward Contract Exposure means the sum of: (i) twenty percent (20%) (or such other percentage as the Metal Supplier may from time to time reasonably announce in accordance with its customary business practices) of the stated face amount or aggregate notional value (in either case, as of the date any such Forward Contract was entered into), as applicable, of all outstanding Forward Contracts entered into by the Customer pursuant to the Forward Contract Facility, plus (ii) all outstanding obligations for matured Forward Contracts.
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Examples of Forward Contract Exposure in a sentence

  • If the Forward Contract Exposure at any time exceeds the Forward Contract Limit, the Customers will promptly, without further notice or demand by the Metal Lender, make payment to the Metal Lender, or amend one or more Forward Contracts to reduce the applicable stated face amount or notional amount thereof, in either case, in an amount sufficient to result in the remaining Forward Contract Exposure being not more than the Forward Contract Limit.

  • If the Forward Contract Exposure at any time exceeds the Forward Contract Limit, the Customers will promptly, without further notice or demand by the Metal Supplier, make payment to the Metal Supplier, or amend one or more Forward Contracts to reduce the applicable stated face amount or notional amount thereof, in either case, in an amount sufficient to result in the remaining Forward Contract Exposure being not more than the Forward Contract Limit.