Hedging Liabilities Clause Samples
The Hedging Liabilities clause defines the responsibilities and obligations related to financial instruments or strategies used to offset potential losses from market fluctuations. In practice, this clause typically outlines which party is permitted or required to engage in hedging activities, the types of risks that may be hedged (such as interest rate or currency risk), and any reporting or compliance requirements associated with these activities. Its core function is to allocate risk and clarify the extent to which parties can protect themselves from adverse financial movements, thereby reducing uncertainty and potential disputes over liability for market-driven losses.
Hedging Liabilities. Subject to and except as otherwise expressly provided in this Deed, for the avoidance of doubt, the Hedging Liabilities will rank pari passu with the Senior Liabilities.
Hedging Liabilities. Until the Bank Group Discharge Date in respect of the Liabilities incurred under the Senior Facilities Agreement, except as a Bank Group Instructing Group shall previously have consented in writing and subject to Clause 6.2 (Permitted Enforcement), no Obligor will pay, repay or prepay (other than pursuant to a prepayment arising due to the prepayment of any obligations hedged under any Hedging Agreements) any of the Hedging Liabilities except as contemplated in Clause 3.3 (Obligations of a Hedge Counterparty).
Hedging Liabilities. The security constituted by the Security Documents shall secure the Hedging Debt and the remainder of the Senior Debt on a pari passu basis.