Exposure. For the purpose of calculating “Exposure” in Paragraph 10 of the Annex, the Valuation Agent shall, unless otherwise agreed in writing by the Rating Agencies, seek two quotations from Reference Market-makers; provided that if two Reference Market-makers are not available to provide a quotation, then fewer than two Reference Market-makers may be used for such purpose, and if no Reference Market-makers are available, then the Valuation Agent’s estimates at mid-market will be used. Where more than one quotation is obtained, the quotation representing the greatest amount of Exposure shall be used by the Valuation Agent.
Appears in 11 contracts
Sources: Interest Rate Master Agreement (RBC Covered Bond Guarantor Limited Partnership), Covered Bond Master Agreement (RBC Covered Bond Guarantor Limited Partnership), Credit Support Annex
Exposure. For the purpose of calculating “Exposure” in Paragraph 10 of the Annex, the Valuation Agent shall, unless otherwise agreed in writing by the Rating Agencies, seek two quotations from Reference Market-Market- makers; provided that if two 2 Reference Market-makers are not available to provide a quotation, then fewer than two 2 Reference Market-makers may be used for such purpose, and if no Reference Market-makers are available, then the Valuation Agent’s estimates at mid-market will be used. Where more than one 1 quotation is obtained, the quotation representing the greatest amount of Exposure shall be used by the Valuation Agent.
Appears in 2 contracts
Exposure. For the purpose of calculating “Exposure” Exposure pursuant to the meaning set out in Paragraph 10 of the Annex, the Valuation Agent shall, unless otherwise agreed in writing by the Rating Agencies, seek two quotations from Reference Market-makers; , provided that if two Reference Market-makers are not available to provide a quotation, then fewer than two Reference Market-makers may be used for such purpose, and if no Reference Market-makers are maker is available, then the Valuation Agent’s estimates 's estimate at mid-market will be used. Where more than one quotation is obtained, the quotation representing the greatest amount of Exposure shall be used by the Valuation Agent.be
Appears in 1 contract
Sources: Isda Master Agreement (Permanent Funding (No. 2) LTD)
Exposure. For the purpose of calculating “"Exposure” " in Paragraph 10 of the Annex, the Valuation Agent shall, unless otherwise agreed in writing by the Rating Agencies, seek two quotations from Reference Market-makers; provided that if two 2 Reference Market-makers are not available to provide a quotation, then fewer than two 2 Reference Market-makers may be used for such purpose, and if no Reference Market-makers are available, then the Valuation Agent’s 's estimates at mid-market will be used. Where more than one 1 quotation is obtained, the quotation representing the greatest amount of Exposure shall be used by the Valuation Agent.
Appears in 1 contract
Sources: Credit Support Annex (Gracechurch Receivables Trustee LTD)