Aggregate Swap Exposure definition
Aggregate Swap Exposure means, at any time, the negative net marked to market amount, if any, that would be carried in the accounts of the Borrowers on a Modified Consolidated Basis at such time with respect to ▇▇▇▇▇▇ (other than Commodity ▇▇▇▇▇▇) with Lender Hedge Providers as a liability in accordance with GAAP.
Aggregate Swap Exposure means, at any time, the negative net marked to market amount, if any, that would be carried in the accounts of the Borrowers on a Modified Consolidated Basis at such time with respect to Hedges (other than Commodity Hedges) with Lender Hedge Providers as a liability in accordance with GAAP.
Aggregate Swap Exposure means, at any time, the negative net marked to market amount, if any, that would be carried in the accounts of the Borrower on a Modified Consolidated Basis at such time with respect to ▇▇▇▇▇▇ (other than Commodity ▇▇▇▇▇▇) as a liability in accordance with GAAP. “ Agreement ” means this first amended and restated loan agreement, the schedules and all amendments made hereto in accordance with the provisions hereof as amended, revised, replaced, supplemented or restated from time to time. “ Anti - Corruption Laws ” means the Corruption of Foreign Officials Act (Canada), the FCPA and all other similar Applicable Law with respect to the prevention of corruption and bribery. “ Applicable Law ” means, in respect of any Person, property, transaction, event or other matter, as applicable, all domestic and foreign laws, rules, statutes, regulations, treaties, orders, judgments and decrees and, to the extent they have the force of law, all official directives, rules, guidelines, orders, policies and other requirements of any Governmental Authority (collectively the “ Law ”) and will also include any interpretation of the Law or any part of the Law by any Person having jurisdiction over it or charged with its administration or interpretation in each case having the force of law relating or applicable to such Person, property, transaction, event or other matter . “ Applicable Order ” means any applicable domestic or foreign order, judgment, award or decree made by any court or Governmental Authority .
More Definitions of Aggregate Swap Exposure
Aggregate Swap Exposure means, at any time, the negative net marked to market amount, if any, that would be carried in the accounts of the Borrower on a Modified Consolidated Basis at such time with respect to ▇▇▇▇▇▇ (other than Commodity ▇▇▇▇▇▇) as a liability in accordance with GAAP. “ Agreement ” means this first amended and restated loan agreement, the schedules and all amendments made hereto in accordance with the provisions hereof as amended, revised, replaced, supplemented or restated from time to time. “ Alberta Utilities Commission Debt ” means Debt in the aggregate principal amount of approximately $3,900,000 incurred by an Obligor from time to time owing to Her Majesty the Queen in Right of Alberta or Balancing Pool, a corporation established by the Electric Utilities Act (Alberta) or, in each case, any agency thereof, in connection with the utility payment deferral programs established or to be established under the Utility Payment Deferral Program Act (Alberta), including for certainty, any Debt incurred by (i) Just Energy Alberta L.P. pursuant to a loan agreement between Just Energy Alberta L.P. and Her Majesty the Queen in Right of Alberta, as represented by the Associate Minister of Natural Gas and Electricity, (ii) ▇▇▇▇▇▇ Energy Canada Corp. pursuant to a loan agreement between ▇▇▇▇▇▇ Energy Canada Corp. and Her Majesty the Queen in Right of Alberta, as represented by the Associate Minister of Natural Gas and Electricity, (iii) Just Energy Alberta L.P. pursuant to a funding agreement between Just Energy Alberta L.P. and Balancing Pool, and (iv) ▇▇▇▇▇▇ Energy Canada Corp. pursuant to a funding agreement between ▇▇▇▇▇▇ Energy Canada Corp. and Balancing Pool. “ Anti - Corruption Laws ” means the Corruption of Foreign Public Officials Act (Canada), the FCPA and all other similar Applicable Law with respect to the prevention of corruption and bribery. “ Applicable Law ” means, in respect of any Person, property, transaction, event or other matter, as applicable, all domestic and foreign laws, rules, statutes, regulations, treaties, orders, judgments and decrees and, to the extent they have the force of law, all official directives, rules, guidelines, orders, policies and other requirements of any Governmental Authority (collectively
Aggregate Swap Exposure means, at any time, the negative net marked to market amount, if any, that would be carried in the accounts of the Borrower on a Modified Consolidated Basis at such time with respect to ▇▇▇▇▇▇ (other than Commodity ▇▇▇▇▇▇) as a liability in accordance with GAAP. “ Agreement ” means this first amended and restated loan agreement, the schedules and all amendments made hereto in accordance with the provisions hereof as amended, revised, replaced, supplemented or restated from time to time. “ Alberta Utilities Commission Debt ” means Debt in the aggregate principal amount of approximately <Redacted> incurred by an Obligor from time to time owing to Her Majesty the Queen in Right of Alberta or Balancing Pool, a corporation established by the Electric Utilities Act (Alberta) or, in each case, any agency thereof, in connection with the utility payment deferral programs established or to be established under the Utility Payment Deferral Program Act (Alberta), including for certainty, any Debt incurred by (i) [ Ɣ ] pursuant to the loan agreement dated [ Ɣ ], 2020 between [ Ɣ ] and Her Majesty the Queen in Right of Alberta, as represented by the Associate Minister of Natural Gas and Electricity and (ii) [ Ɣ ] pursuant to the funding agreement dated [ Ɣ ], 2020 between [ Ɣ ] and Balancing Pool. “ Anti - Corruption Laws ” means the Corruption of Foreign Public Officials Act (Canada), the FCPA and all other similar Applicable Law with respect to the prevention of corruption and bribery. “ Applicable Law ” means, in respect of any Person, property, transaction, event or other matter, as applicable, all domestic and foreign laws, rules, statutes, regulations, treaties, orders, judgments and decrees and, to the extent they have the force of law, all official directives, rules, guidelines, orders, policies and other requirements of any Governmental Authority (collectively the “ Law ”) and will also include any interpretation of the Law or any part of the Law by any Person having jurisdiction over it or charged with its administration or interpretation in each case having the force of law relating or applicable to such Person, property, transaction, event or other matter. “ Applicable Order ” means any applicable domestic or foreign order, judgment, award or decree made by any court or Governmental Authority. “ Arm’s Length ” has the meaning specified in the definition of “ Non Arm’s Length ”. “ Assignment Agreement ” has the meaning specified in Sec tion 13.02.
Aggregate Swap Exposure for a particular category of Hydrocarbons means (x) (i) if the aggregate ▇▇▇▇ to market value of all Swap Agreements of the Credit Parties for such category of Hydrocarbons is “out of the money”, the absolute value of such aggregate ▇▇▇▇ to market value or (ii) if the aggregate ▇▇▇▇ to market value of all Swap Agreements of the Credit Parties for such category of Hydrocarbons is “in the money”, $0, multiplied by (y) the percentage by which the aggregate notional volumes of all of the Credit Parties’ Swap Agreements for such category of Hydrocarbons exceed the aggregate amount of the reasonably anticipated projected production from Proved Reserves (or Proved Developed Producing Reserves with respect to natural gas liquids), in each case for such category of Hydrocarbons of the Credit Parties for any period as set forth in the most recent Reserve Report delivered to Administrative Agent under the Credit Agreement (as such report may be supplemented from time to time by the Credit Parties in accordance with the Credit Agreement); provided that for purposes of determining Aggregate Swap Exposure, oil and natural gas liquids shall be aggregated as one category of Hydrocarbons; and
Aggregate Swap Exposure means, at any time, the negative net marked to market amount, if any, that would be carried in the accounts of the Borrowers on a Modified Consolidated Basis at such time with respect to ▇▇▇▇▇▇ (other than Commodity ▇▇▇▇▇▇) with Lender Hedge Providers as a liability in accordance with GAAP . “ Agreement ” means this ninth amended and restated credit agreement, the schedules and all amendments made hereto in accordance with the provisions hereof as amended, revised, replaced, supplemented or restated from time to time. “ Alberta Utilities Commission Debt ” means Debt in the aggregate principal amount of approximately <Redacted> incurred by an Obligor from time to time owing to Her Majesty the Queen in Right of Alberta or Balancing Pool, a corporation established by the Electric Utilities Act (Alberta) or, in each case, any agency thereof, in connection with the utility payment deferral programs established or to be established under the Utility Payment Deferral Program Act (Alberta), including for certainty, any Debt incurred by (i) Just Energy Alberta L.P. pursuant to the loan agreement dated as of [ භ ], 2020 between Just Energy Alberta L.P. and Her Majesty the Queen in Right of Alberta, as represented by the Associate Minister of Natural Gas and Electricity, (ii) ▇▇▇▇▇▇ Energy Canada Corp. pursuant to the loan agreement dated as of [ භ ], 2020 between ▇▇▇▇▇▇ Energy Canada Corp. and Her Majesty the Queen in Right of Alberta, as represented by the Associate Minister of Natural Gas and Electricity, (iii) Just Energy Alberta L.P. pursuant to the funding agreement dated as of [ භ ], 2020 between Just Energy Alberta L.P. and Balancing Pool, and (iv) ▇▇▇▇▇▇ Energy Canada Corp. pursuant to the funding agreement dated as of [ භ ], 2020 between ▇▇▇▇▇▇ Energy Canada Corp. and Balancing Pool. “ Anti - Corruption Laws ” means the Corruption of Foreign Public Officials Act (Canada), the FCPA and all other similar Applicable Law with respect to the prevention of corruption and bribery. “ Applicable Law ” means, in respect of any Person, property, transaction, event or other matter, as applicable, all domestic and foreign laws, rules, statutes, regulations, treaties, orders, judgments and decrees and, to the extent they have the force of law, all official directives, rules, guidelines, orders, policies and other requirements of any Governmental Authority (collectively the “ Law ”) and will also include any interpretation of the Law or any part of the Law by any Person h...