Transaction Exposure definition

Transaction Exposure means, for any Transaction, Exposure determined as if such Transaction were the only Transaction between the Secured Party and the Pledgor.
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Transaction Exposure with respect to any Transaction at any time during the period from the Purchase Date to the Repurchase Date (or, if later, the date on which Equivalent Securities are delivered to Seller or the Transaction is terminated under paragraph 10(e) or 10(f)), the difference between (i) the Repurchase Price at such time multiplied by the applicable Margin Ratio (or, where the Transaction relates to Securities of more than one description to which different Margin Ratios apply, the amount produced by multiplying the Repurchase Price attributable to Equivalent Securities of each such description by the applicable Margin Ratio and aggregating the resulting amounts, the Repurchase Price being for this purpose attributed to Equivalent Securities of each such description in the same proportions as those in which the Purchase Price was apportioned among the Purchased Securities) and (ii) the Market Value of Equivalent Securities at such time. If (i) is greater than (ii), Buyer has a Transaction Exposure for that Transaction equal to that excess. If (ii) is greater than (i), Seller has a Transaction Exposure for that Transaction equal to that excess; and
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Transaction Exposure means as of any date of determination and with -------------------- respect to each Lease, the present value [(discounted at the interest rate on the related Lender Loan)] of all the remaining payments of Basic Rent under such Lease through the remaining term of such Lease, plus (ii) if all or a portion of a Lender Loan related to such Lease shall at the time be Assumed Debt, the [present value (discounted at the interest rate on such Assumed Debt)] of all the remaining payments of principal of such Assumed Debt through the remaining term of such Assumed Debt.
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Examples of Transaction Exposure in a sentence

  • If there were only those two Hedging Parties, the Aggregate Hedging Transaction Exposure would be CAD 2,400,000 minus CAD 1,300,000 or CAD 1,100,000 and the Aggregate Positive Hedging Transaction Exposure would be CAD 2,400,000.

  • Unless otherwise specified, all calculations of Hedging Transaction Exposure, Special Derivative Exposure, Excess Hedging Transaction Exposure and Excess Special Derivative Exposure will be made by the Group Valuation Agent in accordance with current market and banking practices.

  • If another Hedging Party was a party to one Hedging Transaction and owed NSCFL CAD 1,300,000 in respect of that Hedging Transaction, its Hedging Transaction Exposure would be negative CAD 1,300,000.

  • However, the Hedging Transaction Exposure or the Special Derivative Exposure, as applicable, with respect to any particular Hedging Party may be reduced by up to CAD 1,000,000 less than the amount required by the preceding sentence if the Excess Credit Agreement Exposure Amount, the Excess Hedging Transaction Exposure or the Excess Special Derivative Exposure, as applicable, is entirely eliminated as a result of reductions with other Hedging Parties being greater than the required minimums.

  • For example, in calculating the Hedging Transaction Exposure for a Hedging Party, if it was party to two Hedging Transactions and NSCFL owed CAD 5,100,000 in respect of one Hedging Transaction and was owed CAD 2,700,000 in respect of the other, the Hedging Transaction Exposure would be CAD 5,100,000 minus CAD 2,700,000 or CAD 2,400,000.

  • The Payers, NSCFL and the Administration Agent shall consult the Group Valuation Agent to determine if the Aggregate Hedging Transaction Exposure will exceed CAD 150,000,000 or if the Aggregate Special Derivative Exposure will exceed the Permitted Special Derivative Exposure or if there will be any Excess Credit Agreement Exposure Amount.

  • If E is greater than zero, Buyer has a Transaction Exposure equal to E and if E is less than zero, Seller has a Transaction Exposure equal to the absolute value of E.

  • To the extent that NSCFL is unable or does not wish to implement the provisions of Sections 2(b) to 2(e) inclusive with any Hedging Party that is not a party hereto, NSCFL shall entirely eliminate the Excess Credit Agreement Exposure Amount or the Excess Hedging Transaction Exposure, as applicable, by reductions with other Hedging Parties in excess of the minimums required by this Aggregate Repricing Agreement.

  • The Payers,NSCFL and the Administration Agent shall consult the Group Valuation Agent to determine if the Aggregate Hedging Transaction Exposure will exceed CAD 150,000,000 or if the Aggregate Special Derivative Exposure will exceed the Permitted Special Derivative Exposure or if there will be any Excess Credit Agreement Exposure Amount.

  • Grand Duchy of Luxembourg as the governing law of this destiny and thesubmission to the jurisdiction of the Courts of Luxembourg, of the Transaction Exposure.


More Definitions of Transaction Exposure

Transaction Exposure. As to any Buyer at any time, its Applicable Percentage of the Aggregate Outstanding Purchase Price as of such date of determination.
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Transaction Exposure with respect to any transaction at any time during the Period from the Purchase Date to the Repurchase Date ( or if later, the date on which equivalent securities are delivered to seller or the transaction is terminated under the paragraph 7.2(f) or 7.2(g), the diffrence between (i) the Repurchase Price at such time multiplied by the applicable Margin Ratio ( or where the transaction relates to securities of more than one description to which different margin ratios apply, the amount produced by multiplying the Repurchase Price attributable to Equivalent Securities of each such description by the applicable margin ratio and aggregating the resulting amounts, the Repurchase Price being for this purpose attributed to Equivalent Securities of each such description in the same proportions as those in which the Purchase Price was apportined among the purchased securities ) and (ii) the market value of equivelent securities at such time.If
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Transaction Exposure with respect to any Transaction at any time during the period from the Purchase Date to the Repurchase Date (or, if later, the date on which Equivalent Securities are delivered to Seller or the Transaction is terminated under paragraph 10(h) or 10(i)) the amount “E” determined in accordance with (A) or (B) below as specified in Annex I (or as agreed by the parties with respect to particular transactions): (A) the result of formula E = (R x MR) – MV, where: R = the Repurchase Price at such time MR = the applicable Margin Ratio MV = the Market Value of Equivalent Securities at such time and so that where the Transaction relates to Securities of more than one description or to which different Margin Ratios apply, E shall be determined by multiplying the Repurchase Price attributable to Equivalent Securities of each such description by the applicable Margin Ratio and aggregating the results and for this purpose the Repurchase Price shall be attributed to Equivalent Securities of each such description in the same proportions as those in which the Purchase Price was apportioned among the Purchased Securities. If E is greater than zero, Buyer has a Transaction Exposure equal to E and if E is less than zero, Seller has a Transaction Exposure equal to the absolute value of E; provided that E shall not be greater than the amount of the Repurchase Price on the date of the determination; or (B) the result of the formula E = R – V, where: R = the Repurchase Price at such time V = the Adjusted Value of Equivalent Securities at such time or, where a Transaction relates to Securities of more than one description or to which different haircuts apply, the sum of the Adjusted Values of the Securities of each such description. For this purpose the “Adjusted Value” of any Securities is their value determined on the basis of the formula, (MV(1 – H)), where: MV = the Market Value of Equivalent Securities at such time H = the “haircut” for the relevant Securities, if any, as agreed by the parties from time to time, being a discount from the Market Value of the Securities. If E is greater than zero, Buyer has a Transaction Exposure equal to E and if E is less than zero, Seller has a Transaction Exposure equal to the absolute value of E; and
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Transaction Exposure means: (i) with respect to any Forward Transaction at any time between the Forward Repricing Date and the Purchase Date, the difference between (A) the Market Value of the Purchased Securities at the relevant time and (B) the Purchase Price; (ii) with respect to any Transaction at any time during the period (if any) from the Purchase Date to the date on which the Purchased Securities are delivered to Buyer or, if earlier, the date on which the Transaction is terminated under paragraph 8.8, the difference between (A) the Market Value of the Purchased Securities at the relevant time and (B) the Repurchase Price at the relevant time; ss) «Риск по Сделке» означает: (i) в отношении любой Форвардной Сделки в любое время в период между Датой Пересмотра Цен по Форварду и Датой Покупки, разница между (A) Рыночной Стоимостью Приобретенных Ценных Бумаг в соответствующий момент времени и (B) Ценой Покупки; (ii) в отношении любой Сделки в любое время в период (если применимо) между Ценой Покупки до даты поставки Приобретенных Ценных Бумаг Покупателю или, если ранее, до даты, в которую Сделка расторгнута по п. 8.8, разница между (A) Рыночной Стоимостью Приобретенных Ценных Бумаг в соответствующий момент (iii) with respect to any Transaction at any time during the period from the Purchase Date (or, if later, the date on which the Purchased Securities are delivered to Buyer or the Transaction is terminated under paragraph 8.8) to the Repurchase Date (or, if later, the date on which Equivalent Securities are delivered to Seller or the Transaction is terminated under paragraph 8.9), the difference between (A) the Repurchase Price at the relevant time multiplied by the applicable Margin Ratio (or, where the Transaction relates to Securities of more than one description to which different Margin Ratios apply, the amount produced by multiplying the Repurchase Price attributable to Equivalent Securities of each such description by the applicable Margin Ratio and aggregating the resulting amounts, the Repurchase Price being for this purpose attributed to Equivalent Securities of each such description in the same proportions as those in which the Purchase Price was apportioned among the Purchased Securities) and (B) the Market Value of Equivalent Securities at the relevant time. In each case, if (A) is greater than (B), Buyer has a Transaction Exposure for that Transaction equal to the excess, and if (B) is greater than (A), Seller has a Transaction Exposure to Buyer equal to the...
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Related to Transaction Exposure

  • Leveraged Exposure means a leveraged long exposure to the Reference Asset.

  • L/C Exposure at any time, the sum of (a) the aggregate undrawn amount of all outstanding Letters of Credit at such time, and (b) the aggregate amount of all L/C Disbursements that have not yet been reimbursed or converted into Revolving Loans at such time. The L/C Exposure of any L/C Lender at any time shall equal its L/C Percentage of the aggregate L/C Exposure at such time.

  • Loan Exposure means, with respect to any Lender, as of any date of determination, the outstanding principal amount of the Loans of such Lender; provided, at any time prior to the making of the Loans, the Loan Exposure of any Lender shall be equal to such Lender’s Commitment.

  • Facility Exposure means, at any date of determination, the sum of the aggregate principal amount of all outstanding Advances and the Available Amount under all outstanding Letters of Credit.

  • Short Exposure means a short inversed leveraged exposure to the Reference Asset.