Pre-Settlement Exposure definition

Pre-Settlement Exposure means on any day, and with respect to all Foreign Exchange Contracts, the sum of (a) an amount of Dollars that Citibank or an Affiliate of Citibank would be required to pay (with regard to Foreign Exchange Contracts confirmed under an ISDA or IFEMA Master Agreement, such amount to be calculated for each such Agreement on a net basis with any such amounts that Citibank or such Affiliate would receive) to replace each of the Foreign Exchange Contracts, determined on the basis of quotations from four leading dealers in the relevant market selected by Citibank or an Affiliate of Citibank in good faith (i) from among dealers of the highest credit standing which satisfy all the criteria that Citibank or such Affiliate applies generally at the time in deciding whether to offer or to make an extension of credit and (ii) to the extent practicable, from among such dealers having an office in the same city and (b) an amount of Dollars that is determined by Citibank or such Affiliate to be equal to the aggregate of the amounts used by Citibank or such Affiliate to monitor the financial risk associated with potential changes in market value of each such Foreign Exchange Contract to and including the settlement date of each such Foreign Exchange Contract.
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Related to Pre-Settlement Exposure

  • Daily Settlement Amount for each of the 40 consecutive Trading Days during the Observation Period, shall consist of:

  • Maximum Settlement Amount means the maximum amount The Company is required to pay pursuant to this Settlement, which is the sum of Seven Hundred and Fifty Thousand Dollars ($750,000.00), inclusive of any of The Company’s employer-side share of FICA, FUTA, and other similar, mandatory employer-side payroll taxes. In no event shall the Maximum Settlement Amount exceed the foregoing sum.

  • Gross Settlement Amount means $950,000.00 which is the total amount Defendant agrees to pay under the Settlement except as provided in Paragraph 9 below. The Gross Settlement Amount will be used to pay Individual Class Payments, Individual PAGA Payments, the LWDA PAGA Payment, Class Counsel Fees, Class Counsel Expenses, Class Representative Service Payment and the Administrator’s Expenses.

  • Transaction Exposure means, for any Transaction, Exposure determined as if such Transaction were the only Transaction between the Secured Party and the Pledgor.

  • Unfunded Exposure Amount means, as of any date of determination, with respect to a Delayed Draw Loan Asset or a Revolving Loan, as applicable, an amount equal to the aggregate amount of all unfunded commitments associated with such Loan Asset as of such date.