Common use of Hedging Master Agreements Clause in Contracts

Hedging Master Agreements. If the Borrower is to enter into any hedging arrangements with a Hedging Provider in accordance with the terms of this Agreement on or prior to the Effective Date, evidence that the Hedging Master Agreements have been executed by the Borrower and each applicable Hedging Provider. 154 5 Value of security In respect of an Initial Ship, valuations obtained (not more than forty five (45) days before the Effective Date) and prepared on a basis in accordance with clause 25 (Minimum security value).

Hedging Master Agreements. If the Borrower is to enter into any hedging arrangements with a Hedging Provider in accordance with the terms of this Agreement on or prior to the Effective Release Commitment Date, evidence that the Hedging Master Agreements have been executed by the Borrower and each applicable Hedging Provider. 154 158 5 Value of security In respect of an Initial a Deferred Ship, valuations obtained (not more than forty five (45) days before the Effective Date) and prepared on a basis in accordance with clause 25 (Minimum security value).