Unsecured Exposure

Unsecured Exposure. As determined by the Hedge Provider as of any Determination Date, the amount by which the aggregate Exposure (as defined in the ISDA Credit Support Annex) of the Hedge Provider (in its capacity as Secured Party under the ISDA Credit Support Annex) for all Hedging Transactions in effect on such date exceeds the Value of any Posted Collateral provided by the Counterparty, as Pledgor under the ISDA Credit Support Annex, as of such date.