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on is equal to or greater than the Tier IV Ceiling Limit; in each case irrespective of whether or not Eligible Credit Support has been requested by Party A, or is being delivered to Party A, pursuant to the terms of this Annex. For purposes of determining whether such an Additional Termination Event ha
qual to or greater than the Tier II Ceiling Limit; (H) the Ticr III Net Open Position is equal to or greater than the Tier Ill Ceiling Limit; (I) the Tier IV Net Open Position is equal to or greater than the Tier IV Ceiling Limit; in each case irrespective of whether or not Eligible Credit Support has been requested by Pa
ransaction as defined in the FX Definitions (as defined below). "Forward Risk Adjustment Amount" means an amount in the Base Currency determined by Party A in a commercially reasonable manner to account for the risk attributable to movements in the yield curves of the underlying currencies of the FX Tr
rtion of the Net Collateral Value attributable to all FX Transactions and Currency Option Transactions involving Tier IV Currencies, divided by (B) the Tier IV Net Open Position, such number being determined and notified by Party A to Party B from time to time, and initially being fifteen percent (15%). (Q) "Tier IV Indep
ction as defined in the FX Definitions (as defined below). (N) "Forward Risk Adjustment Amount" means an amount in the Base Currency determined by Party A in a commercially reasonable manner to account for the risk attributable to movements in the yield curves of the underlying currencies of the FX Tr
rtion of the Net Collateral Value attributable to all FX Transactions and Currency Option Transactions involving Tier IV Currencies, divided by (B) the Tier IV Net Open Position, such number being determined and notified by Party A to Party B from time to time, and initially being fifteen percent (15%). (Q) "Tier IV Indep
ransaction as defined in the FX Definitions (as defined below). "Forward Risk Adjustment Amount" means an amount in the Base Currency determined by Party A in a commercially reasonable manner to account for the risk attributable to movements in the yield curves of the underlying currencies of the FX Tr
rtion of the Net Collateral Value attributable to all FX Transactions and Currency Option Transactions involving Tier IV Currencies, divided by (B) the Tier IV Net Open Position, such number being determined and notified by Party A to Party B from time to time, and initially being fifteen percent (15%). (Q) "Tier IV Indep
on is equal to or greater than the Tier IV Ceiling Limit; in each case irrespective of whether or not Eligible Credit Support has been requested by Party A, or is being delivered to Party A, pursuant to the terms of this Annex. For purposes of determining whether such an Additional Termination Event ha
qual to or greater than the Tier II Ceiling Limit; (H) the Ticr III Net Open Position is equal to or greater than the Tier Ill Ceiling Limit; (I) the Tier IV Net Open Position is equal to or greater than the Tier IV Ceiling Limit; in each case irrespective of whether or not Eligible Credit Support has been requested by Pa
ction as defined in the FX Definitions (as defined below). (N) "Forward Risk Adjustment Amount" means an amount in the Base Currency determined by Party A in a commercially reasonable manner to account for the risk attributable to movements in the yield curves of the underlying currencies of the FX Tr
rtion of the Net Collateral Value attributable to all FX Transactions and Currency Option Transactions involving Tier IV Currencies, divided by (B) the Tier IV Net Open Position, such number being determined and notified by Party A to Party B from time to time, and initially being fifteen percent (15%). (Q) "Tier IV Indep
ction as defined in the FX Definitions (as defined below). (N) "Forward Risk Adjustment Amount" means an amount in the Base Currency determined by Party A in a commercially reasonable manner to account for the risk attributable to movements in the yield curves of the underlying currencies of the FX Tr
rtion of the Net Collateral Value attributable to all FX Transactions and Currency Option Transactions involving Tier IV Currencies, divided by (B) the Tier IV Net Open Position, such number being determined and notified by Party A to Party B from time to time, and initially being fifteen percent (15%). (Q) "Tier IV Indep
on is equal to or greater than the Tier IV Ceiling Limit; in each case irrespective of whether or not Eligible Credit Support has been requested by Party A, or is being delivered to Party A, pursuant to the terms of this Annex. For purposes of determining whether such an Additional Termination Event ha
qual to or greater than the Tier II Ceiling Limit; (H) the Ticr III Net Open Position is equal to or greater than the Tier Ill Ceiling Limit; (I) the Tier IV Net Open Position is equal to or greater than the Tier IV Ceiling Limit; in each case irrespective of whether or not Eligible Credit Support has been requested by Pa
Entities connected to both Party A and the Tier IV Net Open Position
Tier Ill Currencies
ORGANIZATIONFX Transaction
ORGANIZATIONExposure and Net Collateral Value
ORGANIZATIONthe Tier Ill Ceiling Limit
ORGANIZATIONTier IV Currencies
ORGANIZATIONFX Transactions and Currency Option '
ORGANIZATION