Hedge Requirements Sample Clauses

Hedge Requirements. The Borrower shall be in compliance with all applicable Hedge Requirements.
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Hedge Requirements. Borrower has amended its existing Hedge Agreements to be in compliance with all Hedge Requirements in effect as of the Second Amendment and Restatement Date and has provided a schedule identifying all Hedge Agreements then in effect and their strike rate (as amended) and an updated Borrowing Base Certificate incorporating any corresponding changes to the applicable Advance Rates.
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Hedge Requirements. The Hedge Level and each of the requirements of Section ------------------
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Hedge Requirements. The Issuer shall, at all times, so long as the Notes remain unpaid, provide Hedge Agreements and/or Hedge Reserve Amounts in accordance with the terms described in this Section 3.03 (the “Hedge Requirements”).
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Hedge Requirements. (a) The Borrower will, at its expense, arrange to enter into one or more Hedge Transactions for each Series satisfying the requirements of this Section 2.12 by no later than the initial Funding Date for such Series. With respect to each Series, the Borrower’s Hedge Transactions with respect to the Loans of such Series shall: (i) satisfy the Notional Hedge Amount Requirements for such Series and (ii) incorporate such other terms as the Arranger or the Facility Agent may reasonably direct in consultation with the Borrower. (b) If on any Payment Date, the actual aggregate notional amount of any of the Hedge Transactions, in each case in effect with respect to the Loans of a Series, does not satisfy the applicable Notional Hedge Amount Requirements for such Series, the Borrower shall so notify the Facility Agent and the Lenders and promptly enter into additional, or terminate existing, Hedge Transactions in effect with respect to the Loans of such Series, in whole or in part, as necessary in order to ensure that the actual aggregate notional amount of the Hedge Transactions, in each case in effect with respect to the Loans of such Series, after giving effect to such addition or termination, satisfies the applicable Notional Hedge Amount Requirements for such Series, as re-calculated by the Borrower on such date and promptly notified to the Facility Agent. Each additional Hedge Transaction entered into by the Borrower pursuant to this Section 2.12(b) must satisfy the conditions set forth in Section 2.12(a) above. (c) On each date that a repayment of the principal amount of the Loans of a Series is made hereunder (other than with regularly scheduled payments of principal on the Loans of such Series), the aggregate notional amounts of the Hedge Transactions applicable to such Series shall be reduced such that, after giving effect to such reduction, the aggregate notional amount of all Hedge Transactions, in each case applicable to such Series, after giving effect to such addition or termination, satisfied the applicable Notional Hedge Amount Requirements for such Series, in each case as re-calculated by the Borrower on such date and promptly notified to the Facility Agent. (d) In the event that a termination payment is paid by a Hedge Counterparty to the Borrower, that termination payment shall either be paid directly to the replacement counterparty who is entering into the replacement Hedge Transaction, if any, or to the Facility Account to be applied on the nex...
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Hedge Requirements. The Borrower shall enter into one or more Hedge Transactions for the purpose of hedging its obligations under this Agreement, provided that each such Hedge Transaction shall be entered into with a Hedge Counterparty and governed by a Hedging Agreement and all payments made by the Hedge Counterparty with respect to each such Hedge Transaction shall be made to the Collection Account. As additional security hereunder, Borrower hereby assigns to the Secured Parties all right, title and interest of Borrower in each Hedging Agreement, each Hedge Transaction, and all present and future amounts payable by a Hedge Counterparty to Borrower under or in connection with the respective Hedging Agreement and Hedge Transaction(s) with that Hedge Counterparty ("HEDGE COLLATERAL"), and grants a security interest to the Secured Parties in the Hedge Collateral. Borrower acknowledges that, as a result of that assignment, Borrower may not, without the prior written consent of the Lender, exercise any rights under any Hedging Agreement or Hedge Transaction, except for Borrower's right under any Hedging Agreement to enter into Hedge Transactions in order to meet the Borrower's obligations under this Section 7.1(x). Nothing herein shall have the effect of releasing the Borrower from any of its obligations under any Hedging Agreement or any Hedge Transaction, nor be construed as requiring the consent of any Secured Party to the performance by the Borrower of any such obligations.
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Hedge Requirements. The Borrower shall enter into one or more Hedge Transactions for the purpose of hedging its obligations under this Agreement, provided that each such Hedge Transaction shall be entered into with a Hedge Counterparty and governed by a Hedging Agreement and all payments made by the Hedge Counterparty with respect to each such Hedge Transaction shall be made to the Collection Account. As additional security, Borrower has assigned to the Administrative Agent on behalf of the Secured Parties all right, title and interest of Borrower in each related Hedging Agreement, each related Hedge Transaction, and all present and future amounts payable by a related Hedge Counterparty to the Borrower under or in connection with the respective Hedging Agreement and Hedge Transaction(s) with that Hedge Counterparty (the "Hedge Collateral"), and has granted a security interest to the Administrative Agent, for the benefit of the Secured Parties, in the Hedge Collateral. Borrower acknowledges that, as a result of that assignment, Borrower may not, without the prior written consent of the Required Lenders, exercise any rights under any related Hedging Agreement or Hedge Transaction, except for Borrower's right under any Hedging Agreement to enter into Hedge Transactions in order to meet the Borrower's obligations under this Section 6.
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Hedge Requirements of the Agreement is hereby amended by deleting PARAGRAPH (a) thereof in its entirety and substituting therefor the following PARAGRAPH (a):
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Hedge Requirements. At the request of the Deal Agent, the Debtor shall enter into one or more Hedge Transactions for the Note for the purpose of hedging its obligations under this Agreement, provided that each such Hedge Transaction shall be entered into with a Hedge Counterparty and governed by a Hedging Agreement and all payments made by the Hedge Counterparty with respect to each such Hedge Transaction shall be made to the Collection Account. As additional security hereunder, Debtor hereby assigns to the Collateral Agent on behalf of the Holders of the Note all right, title and interest of Debtor in each related Hedging Agreement, each related Hedge Transaction, and all present and future amounts payable by a related Hedge Counterparty to the Debtor under or in connection with the respective Hedging Agreement and Hedge Transaction(s) with that Hedge Counterparty ("HEDGE COLLATERAL"), and grants a security interest to the Collateral Agent, for the benefit of the Secured Parties, in the Collateral. Debtor acknowledges that, as a result of that assignment, Debtor may not, without the prior written consent of the Note Investor, exercise any rights under any related Hedging Agreement or Hedge Transaction, except for Debtor's right under any Hedging Agreement to enter into Hedge Transactions in order to meet the Debtor's obligations under this SECTION 3.8. Nothing herein shall have the effect of releasing the Debtor from any of its obligations under any Hedging Agreement or any Hedge Transaction, nor be construed as requiring the consent of any Secured Party to the performance by the Debtor of any such obligations. The Debtor shall enter into one or more ISDA Master Agreements, together with related schedules thereto, each in form and substance satisfactory to the Deal Agent. The Debtor may not terminate any Hedge Transaction except with the prior written consent of all Noteholders.
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Related to Hedge Requirements

  • Coverage Requirements (08/19) Contractor shall comply with the following insurance requirements:

  • Time Requirements The Independent Contractor will not be required to follow or establish a regular or daily work schedule, but shall devote during the term of this Agreement the time, energy and skill as necessary to perform the services of this engagement and shall, periodically or at any time upon the request of the Company, submit information as to the amount of time worked and scope of work performed.

  • Notice Requirements A. All notices given by Xxxxxxx shall be in writing, include the Grant Agreement contract number, comply with all terms and conditions of the Grant Agreement, and be delivered to the System Agency’s Contract Representative identified above. B. Grantee shall send legal notices to System Agency at the address below and provide a copy to the System Agency’s Contract Representative: Health and Human Services Commission Attn: Office of Chief Counsel 0000 X. Xxxxxxxxx, Mail Code 1100 Austin, Texas 78751 C. Notices given by System Agency to Grantee may be emailed, mailed or sent by common carrier. Email notices shall be deemed delivered when sent by System Agency. Notices sent by mail shall be deemed delivered when deposited by the System Agency in the United States mail, postage paid, certified, return receipt requested. Notices sent by common carrier shall be deemed delivered when deposited by the System Agency with a common carrier, overnight, signature required. D. Notices given by Grantee to System Agency shall be deemed delivered when received by System Agency. E. Either Party may change its Contract Representative or Legal Notice contact by providing written notice to the other Party.

  • Interface Requirements 2.4.5.1 The NID shall be equal to or better than all of the requirements for NIDs set forth in the applicable industry standard technical references.

  • Maintenance Requirements The Contractor shall ensure and procure that at all times during the Maintenance Period, the Project Highway conforms to the maintenance requirements set forth in Schedule-E (the “Maintenance Requirements”).

  • Invoice Requirements Contractor hereby waives the right to enforce any term which contradicts or modifies any term of the solicitation or any Contract that may result, including subsequent amendments to the Contract, or would result in an unencumbered expense if enforced against the state. Contract quote and invoice must contain, at a minimum:

  • Compliance Requirements A. Nondiscrimination. The Contractor agrees to comply, and to require its subcontractor(s) to comply, with the nondiscrimination provisions of MCL 37.2209. The Contractor further agrees to comply with the provisions of Section 9:158 of Chapter 112 of the Xxx Arbor City Code and to assure that applicants are employed and that employees are treated during employment in a manner which provides equal employment opportunity.

  • Settlement Notice Requirements Notwithstanding any other provision hereof, a Settlement Notice delivered by Counterparty that specifies Cash Settlement or Net Share Settlement will not be effective to establish a Settlement Date or require Cash Settlement or Net Share Settlement unless Counterparty delivers to Dealer with such Settlement Notice a representation, dated as of the date of such Settlement Notice and signed by Counterparty, containing (x) the provisions set forth in clause (i) under the heading “Additional Representations and Agreements of Counterparty” in Paragraph 7(e) below and (y) a representation from Counterparty that neither Counterparty nor any of its subsidiaries has applied, and shall not until after the first date on which no portion of the Transaction remains outstanding following any final exercise and settlement, cancellation or early termination of the Transaction, apply, for a loan, loan guarantee, direct loan (as that term is defined in the Coronavirus Aid, Relief and Economic Security Act (the “CARES Act”)) or other investment, or receive any financial assistance or relief under any program or facility (collectively “Financial Assistance”) that (I) is established under applicable law (whether in existence as of the Trade Date or subsequently enacted, adopted or amended), including without limitation the CARES Act and the Federal Reserve Act, as amended, and (II) (X) requires under applicable law (or any regulation, guidance, interpretation or other pronouncement of a governmental authority with jurisdiction for such program or facility) as a condition of such Financial Assistance, that Counterparty comply with any requirement not to, or otherwise agree, attest, certify or warrant that it has not, as of the date specified in such condition, repurchased, or will not repurchase, any equity security of Issuer, and that it has not, as of the date specified in the condition, made a capital distribution or will make a capital distribution, or (Y) where the terms of the Transaction would cause Counterparty under any circumstances to fail to satisfy any condition for application for or receipt or retention of the Financial Assistance (collectively “Restricted Financial Assistance”), other than any such applications for Restricted Financial Assistance that were (or would be) made (x) determined based on the advice of outside counsel of national standing that the terms of the Transaction would not cause Counterparty to fail to satisfy any condition for application for or receipt or retention of such Financial Assistance based on the terms of the program or facility as of the date of such advice or (y) after delivery to Dealer evidence or other guidance from a governmental authority with jurisdiction for such program or facility that the Transaction is permitted under such program or facility (either by specific reference to the Transaction or by general reference to transactions with the attributes of the Transaction in all relevant respects).

  • Margin Requirements 10.1 The Client shall provide and maintain the Initial Margin and/or Hedged Margin in such limits as the Company, at its sole discretion, may determine at any time under the Contract Specifications for each type of CFD. 10.2 It is the Client’s responsibility to ensure that he understands how a Margin is calculated. 10.3 The Company has the right to amend any entry in the Contract Specifications section for each CFD including margin requirements, and these changes may take effect on both new and existing/open Positions/trades; which may be declared through an internal mail message or on the company’s Corporate website, unless a Force Majeure Event has occurred. 10.4 The Company has the right to change Margin requirements without prior Written Notice to the Client in the case of Force Majeure Event. In this situation the Company has the right to apply new Margin requirements to the new positions and to the positions, which are already open. 10.5 If at any time Equity is less than 20% of the Necessary Margin, the Company has the right to close any or all of the Client’s Open Positions at any time without the Client’s consent or any prior Written Notice to him. In order to determine if the Client has breached this clause, any sums referred to therein which are not denominated in the Currency of the Client Account shall be treated as if they were denominated in the Currency of the Client Account by converting them into the Currency of the Client Account at the relevant exchange rate for spot dealings in the foreign exchange market. 10.6 The Client has the responsibility to notify the Company as soon as he believes that he will be unable to meet a Margin payment when due. 10.7 The Company has no obligation to make Margin Calls for the Client. 10.8 Where the Company effects or arranges a Transaction involving an Instrument, the Client should note that, depending upon the nature of the Transaction, he may be liable to make further payments when the Transaction fails to be completed or upon the earlier settlement or closing out of his position. He may be required to make further variable payments by way of Margin against the purchase price of the Instrument, instead of paying (or receiving) the whole purchase (or sale) price immediately. The movement in the market price of the Client’s investment will affect the amount of margin payment he will be required to make. The Client agrees to pay the Company on demand such sums by way of margin as are required from time to time under the Rules of any relevant Market (if applicable) or as the Company may in its discretion reasonably require for the purpose of protecting itself against loss or risk of loss on present, future or contemplated Transactions under this Agreement. 10.9 Any account on Margin call needs to be cautious of equity as the account will be stopped out by closing all Open Positions as the equity reaches 20 % equity to margin level: all pending orders for the stopped-out account will be deleted, and any deficit that may result after liquidation will be handled and covered by the client 10.10 If the Client breaches clause 10.9., the Company has the right to close partially or totally the Clients Open Positions in order for the client Account to go above the required percentage 10.11 Xxxxxx can be transferred to the company via bank wire transfer or any of the applied deposits methods. 10.12 The Client undertakes neither to create nor to have outstanding any security interest whatsoever over, nor to agree to assign or transfer, any of the Margin transferred to the Company.

  • Monitoring Requirements This Schedule sets out the contract management requirements which are applicable to the delivery of the Services.

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