Adele: Tanya left a message for Cindy and offerred $10M as a cap for each Guaranty.
The reason for the cushion is to protect the party who terminates at a time  when its exposure is close to the credit threshold and by the time that the  date is set and the amount is calculated there is a move in the market that  results in its exposure being above the threshold.
Carol

Guaranty Cap

Adele: Tanya left a message for Cindy and offerred <CUR>00M as a cap for each Guaranty.
The reason for the cushion is to protect the party who terminates at a time when its exposure is close to the credit threshold and by the time that the date is set and the amount is calculated there is a move in the market that results in its exposure being above the threshold.
Carol
left message cindy offerred cur adele calculated market results cap guaranty reason cushion protect party time exposure close threshold date