Identity of Hedge Counterparties. (a) Subject to paragraph (b) below, no entity providing hedging arrangements to any Debtor shall be entitled to share in any of the Transaction Security or in the benefit of any guarantee or indemnity in respect of any of the liabilities and obligations arising in relation to those hedging arrangements nor shall those liabilities and obligations be treated as Hedging Liabilities unless that entity is or becomes a Party as a Hedge Counterparty.
Identity of Hedge Counterparties. No person providing hedging arrangements to any Debtor shall be entitled to share in any of the Transaction Security unless that person is or becomes a Party as a Hedge Counterparty in accordance with this Agreement and is identified or defined as a one of the “Gufim Megadrim” in the Pledge Permit.
Identity of Hedge Counterparties. No person providing hedging arrangements to the Company shall be entitled to receive a second priority pledge over any of the Transaction Security in respect of any of the liabilities arising in relation to those hedging arrangements nor shall those liabilities be treated as Hedging Liabilities unless that person is or becomes a party to this Agreement as a Hedge Counterparty.
Identity of Hedge Counterparties. No person providing hedging facilities to any Obligor shall be entitled to share in any of the Transaction Security or in the benefit of any guarantee or indemnity in respect of any of the liabilities arising in relation to those hedging facilities unless they are a party to this Agreement as a Hedge Counterparty. A Lender, or an Affiliate of a Lender, may become a Hedge Counterparty, and the Liabilities arising in respect of its hedging facilities shall be treated as Hedge Liabilities, with effect from the date on which an otherwise duly completed Accession Undertaking delivered by that Lender or Affiliate has been executed by the Agent and the Security Trustee. No other person may become a Hedge Counterparty without the consent of all the Lenders.
Identity of Hedge Counterparties. Each Hedge Counterparty shall be either:
Identity of Hedge Counterparties. (a) Each Hedge Counterparty shall be a Senior Lender.
