Common use of Right to Demand Pro Rata Exposure Reduction Amount Clause in Contracts

Right to Demand Pro Rata Exposure Reduction Amount. The Group Valuation Agent will, promptly following (A) a Valuation Date on which the Aggregate Hedging Transaction Exposure is greater than or equal to CAD 150,000,000 or (B) a Valuation Date on which the Aggregate Special Derivative Exposure is greater than the Permitted Special Derivative Exposure or (C) its receipt of a notice from the Administration Agent that there is an Excess Credit Agreement Exposure Amount, notify NSCFL of the Pro Rata Hedging Transaction Exposure Reduction Amount, the Pro Rata Special Derivative Exposure Reduction Amount, or the Pro Rata Excess Credit Agreement Exposure Amount, in each case, as applicable to each Hedging Party. The Group Valuation Agent agrees to promptly notify the Hedging Parties of any such notification to NSCFL.

Right to Demand Pro Rata Exposure Reduction Amount. The Group Valuation Agent will, promptly following following. (A) a Valuation Date on which the Aggregate Hedging Transaction Exposure is greater than or equal to CAD 150,000,000 or (B) a Valuation Date on which the Aggregate Special Derivative Exposure is greater than the Permitted Special Derivative Exposure or (C) its receipt of a notice from the Administration Agent that there is an Excess Credit Agreement Exposure Amount, ,notify NSCFL of the Pro Rata Hedging Transaction Exposure Reduction Amount, the Pro Rata Special Derivative Exposure Reduction Amount, or the Pro Rata Excess Credit Agreement Exposure Amount, in each case, as applicable to each Hedging Party. The Group Valuation Agent agrees to promptly notify the Hedging Parties of any such notification to NSCFL.