Aggregate Transactions definition
Examples of Aggregate Transactions in a sentence
In order to determine the amount of Performance Assurance during the term of this Agreement, Buyer shall calculate the Aggregate Buyer’s Exposure under Aggregate Transactions once per Business Day, pursuant to the process and methodology described in Exhibit E.
With respect to Aggregate Transactions, if at any time and from time to time during the term of this Agreement, Aggregate Buyer’s Exposure exceeds the Unsecured Credit on any Business Day, then Buyer shall request that Seller post Performance Assurance in an amount equal to the amount by which Aggregate Buyer’s Exposure exceeds the Unsecured Credit (rounding upwards to the nearest $100,000), less any Performance Assurance already posted with Buyer.
With respect to Aggregate Transactions, if at any time and from time to time during the term of this Agreement, Aggregate Buyer’s Exposure exceeds the Unsecured Credit on any Business Day, then Buyer shall request that Seller post Performance Assurance in an amount equal to the amount by which Aggregate Buyer’s Exposure exceeds the Unsecured Credit (rounding upwards to the nearest $250,000), less any Performance Assurance already posted with Buyer..
With respect to Aggregate Transactions, if at any time and from time to time during the term of this Agreement, Aggregate Buyer’s Exposure exceeds the Unsecured Credit on any Business Day, then Buyer shall request that Seller post Performance Assurance in an amount equal to the amount by which Aggregate Buyer’s Exposure exceeds the Unsecured Credit (rounding upwards to the nearest $250,000), less any Performance Assurance already posted with Buyer.
With respect to Aggregate Transactions, if at any time and from time to time during the term of this Agreement, Aggregate Buyer’s Exposure exceeds the Unsecured Credit on any Business Day, then Buyer may request that Seller post Performance Assurance in an amount equal to the amount by which Aggregate Buyer’s Exposure exceeds the Unsecured Credit (rounding upwards to the nearest $100,000), less any Performance Assurance already posted with Buyer.
Accordingly, these transactions shall be aggregated and treated as if they were one transaction, and the aggregate figures of the Aggregate Transactions shall be used for calculating the applicable percentage ratios.
For purposes of determining Unsecured Credit, the relevant Maximum Credit Limit for Aggregate Transactions shall not exceed the Maximum Credit Limit listed in the table above that corresponds to DS Supplier’s (or DS Supplier’s Guarantor’s) lowest Credit Rating most recently published by the three credit rating agencies: S&P, Fitch and ▇▇▇▇▇’▇.
In order to determine the amount of Performance Assurance during the term of this Agreement, Buyer shall calculate the Aggregate Buyer’s Exposure under Aggregate Transactions once per Business Day.
Credit Limit for Aggregate Transactions shall benot exceed the Unsecured Credit Limit listed in the following table that corresponds to Seller’s (or Seller’s Guarantor’s) lowest Credit Rating most recently published by S&P, Fitch and/or ▇▇▇▇▇’▇.
With respect to Aggregate Transactions, if at any time and from time to time during the term of this Agreement, Aggregate Buyer’s Exposure exceeds the Unsecured Credit on any Business Day, then Buyer shall request that Seller post Performance Assurance in an amount equal to the amount by which Aggregate Buyer’s Exposure exceeds the Unsecured Credit (rounding upwards to the nearest $25,000), less any Performance Assurance already posted with Buyer.