Variation Amount definition
Variation Amount means an amount of money assessed, agreed or determined as payable for a Permitted Variation in accordance with this clause 11;
Variation Amount means the highest volume weighted average price of the Common Stock on any Trading Day during the respective Pricing Period minus the lowest volume weighted average price of the Common Stock on any Trading Day during the respective Pricing Period.
Variation Amount means an amount of LNG (if any) that the Parties agree and specify in the Confirmation Notice to be a reasonable allowance for variation in the actual Quantity Delivered from the estimate comprising the Contract Quantity and which shall include operational variations, other than the operational tolerance already taken into account under LNG Capacity and established by the master of the Vessel and the operator of the Loading Port facilities or the Production Terminal.
Examples of Variation Amount in a sentence
If, upon the consummation of any Asset Sale of Oil and Gas Properties, the BB Variation Amount shall exceed 5% of the most recently redetermined Borrowing Base, then the Borrowing Base in effect immediately prior to the consummation of such Asset Sale shall be reduced by the BB Value of the Oil and Gas Properties subject to such Asset Sale.
If, upon the novation, amendment, restructuring, unwind or other termination of any Hedging Arrangement, the BB Variation Amount shall exceed 5% of the most recently redetermined Borrowing Base, then the Borrowing Base in effect immediately prior to such novation, amendment, restructuring, unwind or termination of such Hedging Arrangement shall be reduced by the BB Value of such Hedging Arrangement.
More Definitions of Variation Amount
Variation Amount on any day means, with respect to any Transaction, such amount if any required to be provided by the Pledgor to the Secured Party on such day in connection with such Transaction, as specified in the Confirmation confirming such Transaction. The Variation Amount and the mark-to-market exposure relating to the ▇▇▇iation Amount with respect to any Transaction shall be determined by the Secured Party at any time during such day.