MTM Exposure definition

MTM Exposure means, for each Computation Date, an amount calculated by the Posting Calculation Agent equal to the ▇▇▇▇-to-market exposure (i.e., the unrealized gain or loss) that a single counterparty in the position of the “fixed price” payor (or an equivalent position) would have on a combined basis for all of the Deemed Transactions (inclusive of unpaid settlement amounts, but not termination amounts) as of such Calculation Date; provided that if such single counterparty would be “out-of-the-money” (i.e., would have an unrealized loss) on the Deemed Transactions, then the MTM Exposure shall equal zero.
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MTM Exposure means, for any particular calendar day for any Qualifying Hedge, the amount, as determined by the Computation Agent for such calendar day (or, if such calendar day is not a Business Day, for the next preceding Business Day), that would be the Early Termination Amount in respect of such Qualifying Hedge (subject, in the case of a negative amount, to adjustment as provided in the next sentence hereof), if (i) an Early Termination Date occurred on such day in respect of such Qualifying Hedge, (ii) the Counterparty were the Defaulting Party in respect of such Qualifying Hedge, (iii) the Bank party to such Qualifying Hedge were the Non-defaulting Party in respect of such Qualifying Hedge and (iv) the Computation Agent were the Determining Party in respect of such Qualifying Hedge. If (a) the net MTM Exposure for any day for the Qualifying H▇▇▇▇▇ to which any particular Bank is a party determined pursuant to the preceding sentence is a negative number and (b) such Bank party to such Qualifying H▇▇▇▇▇ is not in compliance on such day with any requirement of the ISDA Master Agreement to which it is a party that it provide Bank Credit Support, then for purposes of this Agreement (other than for purposes of the determination of Exposure Fees), the net MTM Exposure for such day for such Qualifying H▇▇▇▇▇ will be deemed to be an amount equal to (1) negative one times (2) the Applicable Credit Support Threshold for such Bank on such day. If the Counterparty reasonably determines, as to any Bank, based on quotes from at least two reputable brokers or, to the extent such quotes are not available, any other reasonable information, which may (but need not) include indicative pricing from other Persons whether or not a party to this Agreement (such quotes, if any, and any such other information being the “Additional Information”), that the net MTM Exposure for any day for all Qualifying H▇▇▇▇▇ to which such Bank is a party differs by more than 10% from the amount the net MTM Exposure for such day for such Qualifying H▇▇▇▇▇ would have been if the Computation Agent had used only such Additional Information and notifies the Computation Agent of such determination by 6:00 p.m. (New York City time) on the date the Counterparty receives the report relating to such day contemplated by the penultimate sentence of Section 7.1 (which notice shall set forth such Additional Information), then the Computation Agent will in good faith redetermine the net MTM Exposure for such Qualifying ...
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MTM Exposure means, for each Computation Date, the greatest of (i) the ERCOT MTM Exposure, (ii) the NP-15 MTM Exposure and (iii) Combined MTM Exposure.
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Examples of MTM Exposure in a sentence

  • If such Aggregate Posting Advances Outstanding exceed such MTM Exposure, then such excess (rounded up or down to the nearest integral multiple of $100,000) shall be the “Posting Repayment Amount” for that Computation Date and the related Posting Repayment Date.

  • The amount of the Posting Advance to be made on the Closing Date shall equal the Closing Date MTM Exposure (the “Initial Posting Advance Amount”).

  • If such MTM Exposure exceeds such Aggregate Posting Advances Outstanding, then such excess (rounded up or down to the nearest integral multiple of $100,000) shall be the “Posting Advance Amount” for that Computation Date and the related Posting Advance Date.

  • If a Market Disruption Event has occurred, then the Posting Calculation Agent shall, as promptly as reasonably practicable, determine the MTM Exposure in accordance with the Disruption Fallbacks and any other relevant provisions of the Commodity Definitions.

  • The Counterparty agrees to pay to each Bank an exposure fee (an “Exposure Fee”) in an amount equal to 0.625% per annum multiplied by the daily average of the net MTM Exposure for all Qualifying H▇▇▇▇▇ to which such Bank is a party (excluding in the computation of any Exposure Fee, those days on which the net MTM Exposure for all Qualifying H▇▇▇▇▇ to which such Bank is a party is negative).

  • The amount of the Advance to be made on the Closing Date shall equal the greater of (i) US$100,000,000 and (ii) the Closing Date MTM Exposure (the “Initial Advance”).

  • If a Market Disruption Event has occurred, then the Borrower shall, as promptly as reasonably practicable, determine the MTM Exposure in accordance with the Disruption Fallbacks and any other relevant provisions of the Commodity Definitions.

  • All voting by Class Two Banks shall be on the basis of each Class Two Bank’s net MTM Exposure on all Qualifying H▇▇▇▇▇.

  • All voting by Class Two Banks shall be on the basis of each Class Two Bank’s net MTM Exposure on all Qualifying ▇▇▇▇▇▇.

  • The Counterparty agrees to pay to each Bank an exposure fee (an “Exposure Fee”) in an amount equal to 0.625% per annum multiplied by the daily average of the net MTM Exposure for all Qualifying ▇▇▇▇▇▇ to which such Bank is a party (excluding in the computation of any Exposure Fee, those days on which the net MTM Exposure for all Qualifying ▇▇▇▇▇▇ to which such Bank is a party is negative).