Hedging Lenders Clause Samples
The "Hedging Lenders" clause defines the rights and roles of lenders who provide hedging arrangements, such as interest rate or currency swaps, in connection with a loan agreement. Typically, this clause specifies which lenders are permitted to enter into hedging transactions with the borrower and may outline the priority or security interests these lenders have in relation to the underlying collateral. By clearly identifying hedging lenders and their entitlements, the clause ensures that both the borrower and the lenders understand how hedging exposures are managed and how claims are treated in the event of default, thereby reducing uncertainty and potential disputes.
Hedging Lenders. Subject to the terms of the Intercreditor Deed, any Hedging Agreement may be amended or waived by agreement between the parties to that Hedging Agreement.
Hedging Lenders. Any decision which will affect the rights or obligation of any Hedging Lender will require its consent also subject as specifically provided otherwise in the Senior Finance Documents. The Hedging Agreements may be amended, varied, waived or modified by agreement between the parties thereto subject as provided in the Intercreditor Deed.
Hedging Lenders. Each Hedging Lender may rely on this Clause 13 but may not make demand on any Guarantor under this Clause 13 unless permitted to do so by the Intercreditor Deed.
Hedging Lenders. Any amendment or waiver which relates to the rights or obligations of a Hedging Lender requires its consent also unless expressly provided otherwise in the Senior Finance Documents. The Hedging Agreements may be amended or waived by agreement between the parties thereto subject to the provisions of the Intercreditor Deed.
Hedging Lenders. This clause 21 shall not apply to any Recovery by a Mezzanine Lender in its capacity as a Hedging Lender.
Hedging Lenders