Common use of Risk Asset Weighting Clause in Contracts

Risk Asset Weighting. 4.8.1 The Percentage Return has been determined by the Lessor on the date hereof on the basis that the Risk Asset Weighting of the Lessor's investment in the Transactions is an average (the "Average Weighting"), which Average Weighting has been calculated by reference to the percentage of the Lessor's investment in the transactions contemplated in the Transaction Documents which is to be secured by the Letter of Credit with a Risk Asset Weighting of twenty per cent (20%) and the percentage of the Lessor's investment in the transactions contemplated by the Transaction Documents which is to be unsecured with a Risk Asset Weighting of one hundred per cent (100%). 4.8.2 In the event that the Lessor reasonably determines that the Risk Asset Weighting is increased or decreased at any time after the date hereof as a result of a change in a Variable Assumption which gives rise to a change in the Lessor's investment in the transactions contemplated by the Transaction Documents, or a change in the percentage of the Lessor's investment secured by the Letter of Credit, the provision of any Additional Security, or any change in the percentage of the Lessor's investment secured by any Additional Security, or any change made by the Financial Services Authority, Bank of England or other appropriate regulatory body to the capital required or a change to the structure of the transactions contemplated by the Transaction Documents otherwise than as a result of any voluntary act or omission by the Lessor or the Lessor Agent or any member of the Lessor's Group, then, subject to paragraph 4.8.3 below, a new Cash Flow shall be prepared under paragraph 4.2 and paragraph 4.3 shall apply as if there had been a change in a Variable Assumption. 4.8.3 Subject to paragraph 4.8.4, where this paragraph 4.8.3 applies: (a) the Lessor shall determine the revised average Risk Asset Weighting of the Lessor's investment in the transactions contemplated by the Transaction Documents (the "Revised Average Weighting"), which Revised Average Weighting shall be calculated by reference to the percentage of the Lessor's investment in the transactions contemplated by the Transaction Documents on each Rental Date falling prior to the date on which this paragraph 4.8.3 is to be applied (the "Application Date") and by reference to the percentage of the Lessor's investment in the Transactions on each Rental Date falling on or after the Application Date which is to be secured by the Letter of Credit or other Additional Security, and the Risk Asset Weighting attributable thereto, and the percentage of the Lessor's investment in the transactions contemplated by the Transaction Documents on each Rental Date falling on or after the Application Date which is to be unsecured, and the Risk Asset Weighting attributable thereto. Where this paragraph 4.

Appears in 5 contracts

Samples: Lease Agreement (Golar LNG LTD), Lease Agreement (Golar LNG LTD), Lease Agreement (Golar LNG LTD)

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