Market Exposure definition

Market Exposure means the summation of the amounts calculated for each full calendar month remaining in the Services Term, up to a total of sixty (60) months, of (a) the product of (i) the On-Peak Forward Price minus the On-Peak Energy Price multiplied by (ii) the On-Peak quantity of Guaranteed Qualified Clean Energy, plus (b) the product of (i) the Off-Peak Forward Price minus the Off-Peak Energy Price multiplied by (ii) the Off-Peak quantity of Guaranteed Qualified Clean Energy. The format for calculating the Market Exposure is provided in Exhibit C.

Market Exposure means the summation of the amounts calculated for each full month remaining in the applicable Service Term(s) of (i) the On-Peak Forward Price minus the On-Peak Initial Market Price, multiplied by the On-Peak Period-NEPOOL Energy Quantity, and (ii) the Off-Peak Forward Price minus the Off-Peak Initial Market Price, multiplied by the Off-Peak Period-NEPOOL Energy Quantity. The format for calculating the Market Exposure is provided in Table 1 to the applicable Service Attachment(s), Market Exposure Calculation.

Market Exposure means the summation of the Monthly Exposures for each full month remaining in the applicable Service Term(s). The format for calculating the Market Exposure is provided in Table 1 to the applicable Confirmation(s), Market Exposure Calculation.

Examples of Market Exposure in a sentence

• Xxxx Title: Vice President, Energy Supply [SUPPLIER] By:_ Name: Title: Exhibit 1 Form of Table 1 to Form of Confirmation Market Exposure Calculation [To be added upon finalization of the applicable Confirmation.] Appendix B MASTER POWER AGREEMENT FORM OF GUARANTY GUARANTY THIS GUARANTY is executed as of the day of , 20 by [Guarantor name], a corporation organized under the laws of the state of _ (the “Guarantor”) for the benefit of [counterparty], a [ ] corporation (the “Counterparty”).

• With the exception of disputes relating to (i) a Settlement Amount or adjustment thereto, or (ii) the calculation of the Buyer’s Exposure or the Market Exposure, the Parties shall attempt in good faith to resolve any dispute arising out of or relating to this Agreement promptly by negotiation between executives who have authority to settle the controversy and who are at a higher level of management than the persons with direct responsibility for administration of this contract.

• If Supplier disputes the amount of Performance Assurance requested by PSNH and such dispute relates to the amount of Market Exposure claimed by PSNH, then Supplier shall (i) provide the full amount of Performance Assurance demanded by PSNH and (ii) notify PSNH of the existence and nature of the dispute not later than one (1) Business Day following the date that the demand for Performance Assurance is made.

• If the Parties have not been able to resolve their dispute on or before the second Business Day following the date that the notification is made by the PSNH, then Market Exposure shall be recalculated by PSNH using the arithmetic average of one quotation from a recognized market-maker provided by Supplier and one quotation from a recognized market-maker provided by PSNH.

• If the Parties have not been able to resolve their dispute on or before the second Business Day following the date that the notification is made by Supplier, then Market Exposure shall be recalculated by PSNH using the arithmetic average of one quotation from a recognized market-maker provided by Supplier and one quotation from a recognized market-maker provided by PSNH.

More Definitions of Market Exposure

Market Exposure means the summation of the amounts calculated for each full calendar month remaining in the Services Term, up to a total of sixty (60) months, of (i) the product of the On-Peak Forward Price minus the On-Peak Energy Price and the On-Peak quantity of Guaranteed Qualified Clean Energy, plus (ii) the product of the Off-Peak Forward Price minus the Off-Peak Energy Price and the Off-Peak quantity of Guaranteed Qualified Clean Energy. The format for calculating the Market Exposure is provided in Exhibit C.

Market Exposure means, with respect to Borrower, on any Business Day, the aggregate amount of Dollars, if any, that would be payable by Borrower to the counterparties to the Designated Hedge Transactions, if all Designated Hedge Transactions were being terminated as of the close of business in New York, New York on such Business Day.

Market Exposure means, as reasonably calculated and substantiated upon request, the product of: (i) the difference between the Contract Price and the Market Price for the Undelivered Quantity, and (ii) the Undelivered Quantity.

Market Exposure has the meaning set forth in Section 21.3.

Market Exposure shall be based on the last settled Market Payment between Seller and Buyer. The amount of that last settled Market Payment shall be multiplied by three (3) (for three (3) months). For clarity, for purposes of the Market Exposure calculation, a payment from Seller to Buyer is a negative number, and a payment from Buyer to Seller is a positive number; and

Market Exposure of a Person means, as of any date of determination, the excess (if any) of all unrealized losses over all unrealized profits of such Person arising from Rate Management Transactions. "Unrealized losses" means the fair market value of the cost to such Person of replacing such Rate Management Transaction as of the date of determination (assuming the Rate Management Transaction were to be terminated as of that date), and "unrealized profits" means the fair market value of the gain to such Person of replacing such Rate Management Transaction as of the date of determination (assuming such Rate Management Transaction were to be terminated as of that date).

Market Exposure. Every day that a dispute goes unresolved, increases FILI's exposure to financial and reputational risk. Limit market exposure by informing the client that if they choose not to process the transaction at the next market close, the client may be subject to any continued market risk due to fluctuations in prices of the sub accounts they are currently invested in. -------------------------------------------------------------------------------- Page 173 INITIAL ACTION top --- Initial action must be taken on the same day that the problem is received. Best efforts should be made to take same-day action on items received after 4:00 p.m. Action includes but is not limited to: . Due diligence steps to confirm the problem description matches the history in the account. . Review documents to confirm the instructions received. . Transfer the client to the Help Desk to review the estimated gain/loss. The Help Desk will review the Gain/Loss Calculations topic ---------------------- for more information. . High dollar transactions should be reviewed to identify and/or prevent potential market risk. . Based on the gain/loss, approvals may be required before taking corrective action. Proper approval must be received before performing corrective processing.