Common use of Calculation of Exposure Clause in Contracts

Calculation of Exposure. On any Valuation Date, the “Exposure” shall be calculated as the sum of: (i) all amounts that have been invoiced, but not yet paid for the Transaction under each Confirmation (“Invoiced Amounts”). Such amount shall be a positive number if owed by Seller to Buyer and a negative amount if owed from Buyer to Seller; (ii) all amounts that have been accrued, but not yet invoiced for the Transaction under each confirmation (“Accrued Amounts”). Such amount shall be a positive number if owed by Seller to Buyer and a negative amount if owed from Buyer to Seller; and the Daily Proxy Settlement Amounts for each day remaining in the current Calculation Period and all future Calculation Periods for Each Transaction (“Proxy Settlement Amount”);