Notional Amounts and Adjustments. (i) the Issuer shall, on each Hedge Determination Date, ensure that collectively, the Hedge Agreements and the Hedge Reserve Amounts cause the Implied Hedged Amount to be equal to or greater than the Outstanding Note Balance;
Appears in 4 contracts
Samples: Custodial Agreement (MARRIOTT VACATIONS WORLDWIDE Corp), Indenture and Servicing Agreement (MARRIOTT VACATIONS WORLDWIDE Corp), Custodial Agreement (MARRIOTT VACATIONS WORLDWIDE Corp)