Examples of Market Exposure in a sentence
The Base Security and, if applicable, Excess Market Exposure Security cannot expire or be cancelled prior to the date 30 days after the end of the applicable term of service unless replacement financial security that meets the requirements of Chapter 301 and this RFP and is accepted by the Commission is provided.
If at any time the total amount of security falls below the amount required by the mark- to-market calculation as provided in the Excess Market Exposure Security section below, the utility will request additional security and provider will be required to increase the security as provided under the Agreement.
Excess Market Exposure Security: The incremental replacement cost of standard offer supply during the remaining term of service in excess of the Base Security for the class, as determined from time to time using commercially reasonable practices.
Any Excess Market Exposure Security required during the term of the obligation must be furnished to CMP no later than three business days after CMP provides notification.
The amount of Excess Market Exposure Security required will be determined on a periodic basis using the following formula: Excess Market Exposure Security = the greater of: [(Replacement Cost – Committed Cost) – Current Security]; or Zero.