Forward Exposure definition

Forward Exposure has the meaning given in Schedule 4;

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Forward Exposure the amount of loss a party would incur upon canceling a Forward Transaction and entering into a replacement transaction, determined in accordance with market practice or as otherwise agreed by the parties;

Forward Exposure means, for any date, the aggregate hypothetical liability of Genesis OLP to third parties on such date with respect to executory payment and performance obligations pursuant to Guaranteed Contracts which are not Scheduled Obligations, assuming all such Guaranteed Contracts were terminated on such date as a result of the nonpayment or nonperformance of Genesis OLP, calculated in accordance with such Guaranteed Contracts if such contracts specify a measure of such liability upon termination, in the form of liquidated damages or otherwise, or if no such measure is specified, then in accordance with industry standards as determined by the Agent, in each case using the closing prices for the relevant commodities on the date Forward Exposure is calculated as published in ▇▇▇▇▇'▇ Crude Oil Marketwire.

Examples of Forward Exposure in a sentence

• The Out-of-the-Money Party may by notice to the In-the-Money Party require the In-the-Money Party to transfer to the Out-of-the-Money Party Forward Collateral having a Market Value that exceeds the In-the-Money Party’s Net Forward Exposure (“Excess Forward Collateral Amount”).

• The Credit Exposure calculation will utilise the Forward Exposure methodology specified in Schedule 4.

• The methodology by which Forward Exposure and Receivables shall be calculated is specified in detail below using the Dollar-Euro Foreign Exchange Rate and the Sterling Euro Foreign Exchange Rate.

• The Out-of-the-Money Party may by notice to the In-the-Money Party require the In-the-Money Party to transfer to the Out-of-the- Money Party Forward Collateral having a Market Value that exceeds the In-the-Money Party’s Net Forward Exposure (“Excess Forward Collateral Amount”).

• The Out-of-the-Money Party may by notice to the In-the-Money Party require the In-the-Money Party to transfer to the Out-of-the-Money Party Forward Collateral having a Market Value that exceeds the In-the-Money Party's Net Forward Exposure ("Excess Forward Collateral Amount").

• The Out-of-the-Money Party may by notice to the In-the-Money Party require the In-the-Money Party to transfer to the Out-of-the-Money Party Forward Collateral in an amount that exceeds the In-the-Money Party’s Net Forward Exposure (“Excess Forward Collateral Amount”).

• The Out-of-the-Money Party may by notice to the In-the-Money Party require the In-the-Money Party to transfer to the Out-of-the Money Party Forward Collateral having a Market Value that exceeds the In-the-Money Party's Net Forward Exposure ("Excess Forward Collateral Amount").

• The Out-of-the-Money Party may by notice to the In-the-Money Party require the In-the-Money Party to transfer to the Out-of-the-Money Party Forward Collateral having a Market Value that exceeds the In-the-Money Party’s Net Forward Exposure (“Excess Forward Collateral Amount”).The rights of the parties under this subparagraph shall be in addition to their rights under subparagraphs (a) and (b) of Paragraph 4 and any other provisions of the Agreement.

• The Out-of-the-Money Party may by notice to the In-the-Money Party require the In-the-Money Party to transfer to the Out- of-the-Money Party Forward Collateral having a Market Value that exceeds the In-the-Money Party's Net Forward Exposure ("Excess Forward Collateral Amount").

• The Out-of-the-Money Party may by notice to the In-the-Money Party require the In-the-Money Party to transfer to the Out-of-the-Money Party Forward Collateral having a Market Value that exceeds the In-the-Money Party’s Net Forward Exposure (“Excess For- ▇▇▇▇ Collateral Amount”).

More Definitions of Forward Exposure

Forward Exposure with respect to any party and a Transaction on any date, the amount of loss, if any, such party would incur upon canceling such Transaction and entering into a replacement transaction by reference to the price for such replacement transaction on such date obtained from a generally recognized source agreed to by the parties or the most recent closing bid quotation from such a source;