Example of Credit Exposure Sample Clauses

Example of Credit Exposure. A non-binding illustrative example of the calculation of the Credit Exposure is set out below. It assumes three transactions, as specified in the tables below. Baseload Transaction Trade Date 15/06/2007 Trading Period Falling in Quarter Strike Price [€/MWh] [£/MWh] Xxxxxxxx Xxxxxxxx (XX) X0 0000 (11/07 – 12/07) 50 5 Q1 2008 50 5 Q2 2008 50 5 Q3 2008 50 5 Mid-merit Transaction Trade Date 15/06/2007 Trading Period Falling in Quarter Strike Price [€/MWh] [£/MWh] Xxxxxxxx Xxxxxxxx (XX) X0 0000 (11/07 – 12/07) 55 5 Q1 2008 55 5 Q2 2008 55 5 Q3 2008 55 5 Peak Transaction Trade Date 15/06/2007 Trading Period Falling in Quarter Strike Price [€/MWh] [£/MWh] Xxxxxxxx Xxxxxxxx (XX) X0 0000 (11/07 – 12/07) 60 5 Q1 2008 60 5 Q2 2008 XX XX X0 0000 XX XX This example shows the Credit Exposure calculation as of 15 October 2007. Since this Credit Exposure assessment is made prior to the date on which Difference Payments begin, there are no Receivables. For the Forward Exposure calculation, the example assumes that the ESTSEM for each Quarter is as follows: Quarter Baseload ESTSEM on 15/10/07 (€ /MWh or £/MWh) Mid-merit ESTSEM on 15/10/07 (€ /MWh or £/MWh) Peak ESTSEM on 15/10/07 (€ /MWh or £/MWh) Q4 2007 (11/07 – 12/07) 51 53 58 Q1 2008 51 53 58 Q2 2008 51 53 NA Q3 2008 51 53 NA As specified in Schedule 4, the Forward Exposure to the Seller is defined as: Forward Exposure to the Seller = (SPq – 0.85 * ESTSEM p,q) * Q * Hours p,q The table below illustrates the per MWh exposure (i.e., SPq – 0.85 * ESTSEM p,q) for the Seller for each Transaction for each Quarter. Baseload Quarter SP 0.85 * ESTSEM 15/10/07 (SP - 0.85 * ESTSEM) Q4 2007 (11/07 – 12/07) 50.00 43.35 6.65 Q1 2008 50.00 43.35 6.65 Q2 2008 50.00 43.35 6.65 Q3 2008 50.00 43.35 6.65 Mid-merit Quarter SP 0.85 * ESTSEM 15/10/07 (SP - 0.85 * ESTSEM) Q4 2007 (11/07 – 12/07) 55.00 45.05 9.95 Q1 2008 55.00 45.05 9.95 Q2 2008 55.00 45.05 9.95 Q3 2008 55.00 45.05 9.95 Peak Quarter SP 0.85 * ESTSEM 15/10/07 (SP - 0.85 * ESTSEM) Q4 2007 (11/07 – 12/07) 60.00 49.30 10.70 Q1 2008 60.00 49.30 10.70 Q2 2008 XX XX XX X0 0000 XX XX XX The tables below illustrate the MWh quantities that would be applied to the Quarterly per MWh exposure amounts to arrive at the Forward Exposure for each Transaction for each Quarter. Baseload Quarter Hours MW Total MWh Q4 2007 (11/07 - 12/07) 1,464.00 5.00 7,320.00 Q1 2008 2,183.00 5.00 10,915.00 Q2 2008 2,184.00 5.00 10,920.00 Q3 2008 2,208.00 5.00 11,040.00 Mid-merit Quarter Business Days (Hours) Non...
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Related to Example of Credit Exposure

  • Revolving Loans The Borrower shall repay to the Lenders on the Maturity Date the aggregate principal amount of all Revolving Loans outstanding on such date.

  • Total Credit Award GO-Biz, upon approval by the Committee and conditioned upon the requirements set forth in this Agreement, will award Taxpayer a California Competes Tax Credit ("CCTC") in the amount of one hundred thousand dollars ($100,000.00) (“Credit”). Specifically, Taxpayer is receiving a CCTC against the “net tax” as defined in RTC section 17039, or the “tax” as defined in RTC section 23036, as applicable, pursuant to RTC section 17059.2 or 23689, as applicable.

  • Applicable credit limit Each supplementary cardmember must not carry out card transactions such that the outstanding balance incurred by such supplementary cardmember exceeds the lower of the credit limit assigned to such supplementary cardmember or the account credit limit. The basic cardmember and all supplementary cardmembers must not carry out card transactions such that the total outstanding balance respectively incurred by them exceeds the combined credit limit.

  • Funding Availability This Contract is at all times subject to state appropriations. The Department makes no express or implied representation or guarantee of continued or future funding under this Contract. The Department has, as of the date of the execution of this Contract, obtained all requisite approvals and authority to enter into and perform its obligations under this Contract, including, without limitation, the obligation to make the initial payment or payments required to be made under this Contract on the date or dates upon which such initial payment or payments may otherwise be disbursed during the current contract period, (i.e., Sept ember 1, 2015, through August 31, 2017). The Grantee acknowledges the Department’s authority to make such payments is contingent upon the Texas Legislature's appropriation to the Department of sufficient funds and the availability of funds to the Department for such purpose. If the State of Texas or the federal government terminates its appropriation through the Department or fails to pay the full amount of the allocation for the operation of any grant or reimbursement program hereunder , or the funds are otherwise unavailable, the Department may immediately and without penalty reduce payments or terminate this Contract, in whole or in part. Upon termination of the Contract or reduction of payments, the Grantee shall return to the Department any unexpended funds already disbursed to the Grantee. Neither the Department nor the State of Texas shall incur liability for damages or any loss that may be caused or associated with such termination or reduction of payments. The Department shall not be required to give prior notice for termination or reduction of payments.

  • Credit Limit 1. The Allocation Platform shall calculate and continuously update the Credit Limit of each Registered Participant in respect of each subsequent Auction. The Credit Limit shall be equal to the amount of the collaterals in place minus any outstanding payment obligations. In case of a Bank Guarantee such Bank Guarantee shall be only considered if the requirements in Article 20 related to its validity for the respective Auction are fulfilled. The Allocation Platform shall make this information available to each Registered Participant individually through the Auction Tool.

  • Line of Credit Subject to the terms and conditions of this Agreement, Bank hereby agrees to make advances to Borrower from time to time up to and including April 2, 2015, not to exceed at any time the aggregate principal amount of One Million Five Hundred Thousand Dollars ($1,500,000.00) (“Line of Credit”), the proceeds of which shall be used to finance Borrower’s working capital requirements. Borrower’s obligation to repay advances under the Line of Credit shall be evidenced by a promissory note dated as of May 1, 2012 (“Line of Credit Note”), all terms of which are incorporated herein by this reference.

  • Employer Commitments It is agreed that the institution will make every reasonable attempt to minimize the impact of funding shortfalls and reductions on the work force. It is incumbent upon institutions to communicate effectively with their employees and the unions representing those employees as soon as the impact of any funding reduction or shortfall or profile change has been assessed. If a work force reduction is necessary, the Joint Labour Management Committee will canvas employees in a targeted area or other areas over a fourteen (14) day period, or such longer time as the Joint Labour Management Committee agrees, to find volunteer solutions that provide as many viable options as possible and minimize potential layoffs. Subject to any agreement that the Joint Labour Management Committee may make to extend the period of a canvass, such canvasses shall take place either: • prior to the issuance of lay-off notice to employees under the local agreement, or • by no later than fourteen (14) calendar days following the annual deadline for notice of non-renewal or layoff where a local provision provides for such a deadline, whichever date is later. The union shall be provided with a copy of each final plan for employee labour adjustment.

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  • Specific Commitments Investments in respect of a particular undertaking of one of the Contracting Parties with respect to nationals and companies of the other Contracting Party shall be governed, without prejudice to the provisions of this Agreement, the terms of that commitment to the extent that it is more favourable provisions than those laid down in this Agreement.

  • No Commitment None of the provisions of this Agreement shall be deemed or construed to constitute or imply any commitment or obligation on the part of the Lender to make any future loans or other extensions of credit or financial accommodations to the Borrower.

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