Start Date
Exhibit 10.71
Form of Confirmation evidencing purchases of commodities options by Wright Express Corporation from the Bank of Montreal
Bank of Montreal Commodity Derivatives Operations 250 Yonge St, 10th Floor Toronto, Ontario M5B 2M8 CANADA Tel: 514 ###-###-#### Talin Galentz Fax: 416 ###-###-#### Email: ***@*** |
Date: | [Date] | |
To: | WRIGHT EXPRESS CORPORATION | |
97 Darling Avenue | ||
South Portland, Maine | ||
04106 USA | ||
Attn: | Frank Douglass / Steve Elder | |
Tel: | 207 ###-###-#### / 207 ###-###-#### | |
Fax: | 207 ###-###-#### | |
Email: | ***@*** / ***@*** | |
Re: | Commodity COLLAR Transaction: Our Ref. No. [ ] |
Dear Sirs:
The purpose of this facsimile is to confirm the terms and conditions of the Transaction entered into between Bank of Montreal (BMO) and WRIGHT EXPRESS CORPORATION (Counterparty) on the Trade Date specified below (the Transaction). This facsimile constitutes a Confirmation as referred to in the ISDA Master Agreement specified below.
The definitions and provisions contained in the 2005 ISDA Commodity Definitions as published by the International Swaps and Derivatives Association, Inc. (the Commodity Definitions) are incorporated into this Confirmation. In the event of any inconsistency between the Commodity Definitions and this Confirmation, this Confirmation will govern.
1. This Confirmation supplements, forms part of, and is subject to the ISDA Master Agreement dated as of July 08, 2010, as amended and supplemented from time to time (the Agreement) between BMO and Counterparty. All provisions contained in the Agreement govern this Confirmation except as modified below.
2. The terms of the particular Transaction to which this Confirmation relates are as follows:
General Terms: | ||
Option Type | Collar | |
Notional Quantity | See Attached Table | |
Commodity | [ ] | |
Trade Date | [ ] |
Form of Confirmation evidencing purchases of commodities options by Wright Express Corporation from the Bank of Montreal
Effective Date | [ ] | |
Termination Date | [ ] | |
Calculation Periods | Each calendar quarter starting on [ ] and ending on [ ] | |
Commodity Reference Price | [ ] | |
Cap Details | ||
Premium Payer | BMO | |
Floating Price Payer | Counterparty | |
Cap Price | [ ] | |
Unit | GAL | |
Floating Amount | For each Calculation Period, if the Specified Price is less than the Floor Price, the absolute difference between the Specified Price and the Floor Price multiplied by the Notional Quantity for that Calculation Period, otherwise zero. | |
Floor Details | ||
Premium Payer | Counterparty | |
Floating Price Payer | BMO | |
Floor Price | [ ] | |
Unit | GAL | |
Floating Amount | For each Calculation Period, if the Specified Price is less than the Floor Price, the absolute difference between the Specified Price and the Floor Price multiplied by the Notional Quantity for that Calculation Period, otherwise zero. | |
Payment Dates | 5 Business Day(s) following the last Pricing Date for each Calculation Period, subject to adjustment in accordance with the Following Business Day Convention | |
Specified Price | [ ] | |
Price Source | New York Mercantile Exchange | |
Delivery Date | In respect of each Calculation Period, the calendar month and year corresponding to such Calculation Period |
Form of Confirmation evidencing purchases of commodities options by Wright Express Corporation from the Bank of Montreal
Pricing Dates | ||
Rounding in Transaction | 4 decimal places | |
3. Calculation Agent | BMO | |
4. Account Details | ||
Payment to BMO | As per standard settlement instructions | |
Payment to counterparty | As per standard settlement instructions | |
5. Offices | ||
BMO | Chicago, IL | |
Counterparty | South Portland, ME | |
6. Address for notices | ||
BMO | Chicago, IL | |
Counterparty | South Portland, ME | |
7. Documents to be delivered |
Each party shall deliver to the other, at the time of the execution of this Confirmation, evidence of the specimen signature and incumbency of each person who is executing this Confirmation on the partys behalf, unless such evidence has previously been supplied in connection with the Agreement and remains true and in effect.
Please confirm that the foregoing correctly sets forth the terms of our agreement by executing this Confirmation and returning it to us.
This Confirmation is valid without authorized Bank signature. For confirmation purposes only.
Confirmed as of the date first written above:
WRIGHT EXPRESS CORPORATION
BY: |
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NAME: |
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TITLE: |
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PLEASE PRINT |
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Confidentiality Statement:
This fax transmission is intended only for the individual /organization to whom it is addressed and may contain confidential and privileged information. If this transmission has been received in error, please notify the sender immediately and destroy any copies of this transmission. Any dissemination or use of this information by a person other than the intended recipient is unauthorized and may be illegal.
Calculation Period | Start Date | End Date | Notional Quality GAL | Payment Date | ||||