Notional Volatility Buffer as determined by the Valuation Agent for any date, means the outstanding Notional Amount of the Transaction on such date multiplied by the relevant percentage for such date as set out in the table below on such date. Less than or equal to Less than or equal to 5 years to 10 years but greater Termination than 5 years to Party A S&P Rating Date of the Termination Date of on such date Transaction the Transaction -------------------------------------------------------- S-T Rating of A-2 3.25% 4.00% S-T Rating of A-3 4.00% 5.00% L-T Rating of BB+ or 4.50% 5.75% lower
Notional Volatility Buffer as determined by the Valuation Agent for any date, means the product of (i) the Notional Amount of the Transaction on such date, and (ii) the Volatility Buffer Percentage for such date as set out in the table below on such date, Party A S&P Rating on such date Remaining Weighted Average Life Maturity up to 3 years Remaining Weighted Average Life Maturity up to 5 years Remaining Weighted Average Life Maturity up to 10 years Remaining Weighted Average Life Maturity up to 30 years S&P S-T Rating of "A-1" or above 0.00% 0.00% 0.00% 0.00% S&P S-T Rating of "A-2" 2.75% 3.25% 4.0% 4.75% S&P S-T Rating of "A-3" 3.25% 4.00% 5.0% 6.25% S&P L-T Rating of "BB+" or lower 3.50% 4.50% 6.75% 7.50% L-T Rating means with respect to any Person, the unsecured, unguaranteed and otherwise unsupported long-term senior debt obligations of such Person.
Notional Volatility Buffer as determined by the Valuation Agent for any date, means the outstanding Notional Amount of the Transaction on such date multiplied by the relevant percentage for such date as set out in the table below on such date. Party A S&P Rating on such date Less than or equal to 5 years to Termination Date of the Transaction Less than or equal to 10 years but greater than 5 years to Termination Date of the Transaction S-T Rating of A-2 S-T Rating of A-3 L-T Rating of BB+ or lower
Examples of Notional Volatility Buffer in a sentence
The Value of the Eligible Collateral to be posted at any time shall be equal to the greater of (a) the sum of Secured Party’s Exposure for that Valuation Date (as defined in the approved Credit Support Annex) plus the product of the Notional Volatility Buffer multiplied by the Notional Amount and (b) zero.
More Definitions of Notional Volatility Buffer
Notional Volatility Buffer as determined by the Valuation Agent for any date, means the outstanding Notional Amount of the Transaction on such date multiplied by the relevant percentage for such date as set out in the table below on such date. Less than or equal to 5 Less than or equal to years to 10 years but greater Termination than 5 years to Party A S&P Rating on Date of the Termination Date of such date Transaction the Transaction --------------------- ------------ --------------------- Short Term Rating of A-2 3.25% 4.00% Short Term Rating of A-3 4.00% 5.00% Long Term Rating of BB+ 4.50% 5.75% or lower
Notional Volatility Buffer as determined by the Valuation Agent for any date, means the outstanding Notional Amount of the Transaction on such date multiplied by the relevant percentage for such date as set out in the table below on such date. Less than Less than or equal or to equal to 5 10 years but Party A S&P Rating years to greater on Termination than 5 years to such date Date of the Termination Date of Transaction the Transaction -------------------------------------------------------- Short Term Rating of 3.25% 4.00% A-2 -------------------------------------------------------- Short Term Rating of 4.00% 5.00% A-3 -------------------------------------------------------- Long Term Rating of 4.50% 5.75% BB+ or lower --------------------------------------------------------
Notional Volatility Buffer as determined by the Valuation Agent for any date, means the product of (i) the Notional Amount of the Transaction on such date, (ii) multiplied by the Payment Factor, (iii) multiplied by the Volatility Buffer Percentage for such date as set out in the table below on such date, Party A S&P Rating on such date Volatility Buffer Percentage S&P S-T Rating of A-1 or above 0.00 % S&P S-T Rating of A-2 3.25 % S&P S-T Rating of A-3 4.00 % S&P L-T Rating of BB+ or lower 4.50 %
Notional Volatility Buffer as determined by the Valuation Agent for any date, means the product of (i) the Notional Amount of the Transaction on such date, (ii) the Payment Factor, and (iii) the Volatility Buffer Percentage for such date as set out in the table below on such date, Party A S&P Rating on such date Remaining Weighted Average Life Maturity up to 3 years Remaining Weighted Average Life Maturity up to 5 years Remaining Weighted Average Life Maturity up to 10 years Remaining Weighted Average Life Maturity up to 30 years S&P S-T Rating of “A-l” or above 0.00 % 0.00 % 0.00 % 0.00 % S&P S-T Rating of “A-2” 2.75 % 3.25 % 4.0 % 4.75 % S&P S-T Rating of “A-3” 3.25 % 4.00 % 5.0 % 6.25 % S&P L-T Rating of “BB+” or lower 3.50 % 4.50 % 6.75 % 7.50 %
Notional Volatility Buffer as determined by the Valuation Agent for any date, means the product of (i) the Notional Amount of the Transaction on such date, (ii) the Payment Factor, and (iii) the Volatility Buffer Percentage for such date as set out in the table below on such date, Party A S&P Rating on such date Volatility Buffer Percentage S&P S-T Rating of A-1 or above 0.00% S&P S-T Rating of A-2 3.25% S&P S-T Rating of A-3 4.00% S&P L-T Rating of BB+ or lower 4.50% L-T Rating means with respect to any Person, the unsecured, unguaranteed and otherwise unsupported long-term senior debt obligations of such Person.
Notional Volatility Buffer means (i) 3.25% if the Affected Transaction has a maturity of up to 5 years, (ii) 4.00% if the Affected Transaction has a maturity greater than 5 years up to 10 years, and (iii) 4.75% if the Affected Transaction has a maturity of greater than 10 years. Notwithstanding the foregoing covenants, the failure by Party A to post Eligible Collateral in accordance herewith or to use reasonable efforts to transfer its rights and obligations hereunder shall not constitute an Event of Default or Termination Event under the Agreement. In addition, if Party A’s long-term senior unsecured deposit rating by S&P ceases to be at least ‘BBB-’ then Party A must, within ten (10) Business Days, transfer this Agreement (while collateralizing any Exposure to Party B) and the Transaction, at Party A’s own expense, to a counterparty that satisfies the Rating Agency Condition, to whom all of Party A’s interests and obligations under this Agreement shall be assigned at no cost to Party B, and following which Party A shall be released from all further obligations under this Agreement. Party A’s failure to comply with this provision shall be an Additional Termination Event with Party A as the sole Affected Party.
Notional Volatility Buffer as determined by the Valuation Agent for any date, means the product of (i) the Notional Amount of the Transaction on such date, (ii) the Payment Factor, and (iii) the Volatility Buffer Percentage for such date as set out in the table below on such date, ------------------------- -------------------- ---------------------- ------------------ ------------------ Party A S&P Rating on Remaining Weighted Remaining Weighted Remaining Remaining such date Average Life Average Life Weighted Average Weighted Average Maturity up to 3 Maturity up to 5 Life Maturity up Life Maturity up years years to 10 years to 30 years ------------------------- -------------------- ---------------------- ------------------ ------------------ S&P S-T Rating of "A-1" 0.00% 0.00% 0.00% 0.00% or above ------------------------- -------------------- ---------------------- ------------------ ------------------ S&P S-T Rating of "A-2" 2.75% 3.25% 4.0% 4.75% ------------------------- -------------------- ---------------------- ------------------ ------------------ S&P S-T Rating of "A-3" 3.25% 4.00% 5.0% 6.25% ------------------------- -------------------- ---------------------- ------------------ ------------------ S&P L-T Rating of "BB+" 3.50% 4.50% 6.75% 7.50% or lower ------------------------- -------------------- ---------------------- ------------------ ------------------