Additional Security Table. In any case where the Lessor prepares an Applicable Cash Flow pursuant to paragraph 4 on or after the date hereof, the Lessor shall as soon as reasonably practicable prepare and deliver to the Lessee a new Security Table ("Additional Security Table") on the same basis as the latest Applicable Security Table was prepared save that the new Additional Security Table shall: 9.2.1 take into account the changes in Variable Assumptions which are taken into account in the preparation of such new Applicable Cash Flow in accordance with paragraph 4; 9.2.2 show in column 2 the Total Security Amount for each Security Period; 9.2.3 show in column 3 the aggregate of the Letter of Credit Amount and any Additional Security Amount; 9.2.4 show in column 5 the Extra Security Amounts; and 9.2.5 show, in an additional column 6, as a negative figure, the Required Security Amount (if any), being the amount by which the Total Security Amount shown in column 2 of the new Additional Security Table exceeds the aggregate of the Letter of Credit Amount and any Additional Security Amount shown in column 3, the Maximum Unsecured Strip Liability Amount shown in column 4 and the Extra Security Amounts, as appropriate, in column 5, in each case for and during each Security Period specified in column 1 of the new Additional Security Table or, as the case may be, as a positive figure, the Required Security Amount (if any), being the amount by which the aggregate of each such Letter of Credit Amount, any Additional Security Amount and the Maximum Unsecured Strip Liability Amount and Extra Security Amounts exceeds each such Total Security Amount.
Appears in 3 contracts
Samples: Lease Agreement (Golar LNG LTD), Lease Agreement (Golar LNG LTD), Lease Agreement (Golar LNG LTD)
Additional Security Table. In any case where the Lessor prepares an Applicable Cash Flow pursuant to paragraph 4 on or after the date hereof, the Lessor shall as soon as reasonably practicable prepare and deliver to the Lessee a new Security Table ("Additional Security Table") on the same basis as the latest Applicable Security Table was prepared save that the new Additional Security Table shall:
9.2.1 take into account the changes in Variable Assumptions which are taken into account in the preparation of such new Applicable Cash Flow in accordance with paragraph 4;
9.2.2 show in column 2 the Total Security Amount for each Security Period;
9.2.3 show in column 3 the aggregate of the Letter of Credit Amount and any Additional Security Amount;
9.2.4 show in column 5 the Extra Security Amountsshall be left blank; and
9.2.5 show, in an additional column 6, as a negative figure, the Required Security Amount (if any), being the amount by which the Total Security Amount shown in column 2 of the new Additional Security Table exceeds the aggregate of the Letter of Credit Amount and any Additional Security Amount shown in column 3, the Maximum Unsecured Strip Liability Amount shown in column 4 and the Extra Security Amounts, as appropriate, in column 5, in each case for and during each Security Period specified in column 1 of the new Additional Security Table or, as the case may be, as a positive figure, the Required Security Amount (if any), being the amount by which the aggregate of each such Letter of Credit Amount, any Additional Security Amount and the Maximum Unsecured Strip Liability Amount and Extra Security Amounts exceeds each such Total Security Amount.
Appears in 2 contracts
Samples: Lease Agreement (Golar LNG LTD), Lease Agreement (Golar LNG LTD)