Collateral Threshold. On any day during the term of the Base Contract that an Event of Default has not occurred, the amount of Exposure that either Atlas DE or GASMARK will accept in Transactions with the other without requiring the posting of additional collateral shall be Ten Million Dollars ($10,000,000)(the “Collateral Threshold”). For purposes of this Amendment, “Exposure” shall mean the Market Value of all Terminated Transactions, Excluded Transactions and other applicable charges that either Party would owe to the other on the date of calculation if an Early Termination Date had been designated, as provided for in Section 10.3.1
Appears in 2 contracts
Samples: Base Contract for Sale and Purchase of Natural Gas (Atlas America Series 27-2006 LP), Base Contract for Sale and Purchase of Natural Gas (Atlas Resources Public #16-2007 (B) L.P.)
Collateral Threshold. On any day during the term of the Base Contract that an Event of Default has not occurred, the amount of Exposure that either Atlas DE or GASMARK will accept in Transactions with the other without requiring the posting of additional collateral shall be Ten Million Dollars ($10,000,000)(the “Collateral Threshold”). For purposes of this Amendment, “Exposure” " shall mean the Market Value of all Terminated Transactions, Excluded Transactions and other applicable charges that either Party would owe to the other on the date of calculation if an Early Termination Date had been designated, as provided for in Section 10.3.1
Appears in 2 contracts
Samples: Base Contract for Sale and Purchase of Natural Gas (Atlas Resources Public #18-2008 (A) L.P.), Base Contract for Sale and Purchase of Natural Gas (Atlas Resources Public #17-2007 (A) L.P.)
