Start Date

EX-10.71 4 d271172dex1071.htm EX-10.71 EX-10.71

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 party’s 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:  

 

NAME:  

 

TITLE:  

 

PLEASE PRINT  

 

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