Common use of Permitted Hedging Payments Clause in Contracts

Permitted Hedging Payments. amend Clause 4.4(a) of the Intercreditor Agreement by adding a new limb (iii) in respect of any Hedging Liabilities (as defined in the Intercreditor Agreement) that relate to a hedging transaction which is terminated or closed out in the circumstances specified in Clause 4.4(b)(i) of the Intercreditor Agreement provided that no Default has occurred and is continuing; and by adding a new limb (iv) in respect of any Hedging Liabilities that relate to a hedging transaction which is terminated or closed out in the circumstances specified in Clause 4.4(b)(ii) or paragraph 4 of this Schedule 7.

Permitted Hedging Payments. amend Clause 4.4(a) of the Intercreditor Agreement by adding a new limb (iii) in respect of any Hedging Liabilities (as defined in the Intercreditor Agreement) that relate to a hedging transaction which is terminated or closed out in the circumstances specified in Clause 4.4(b)(i) of the Intercreditor Agreement provided that no Default has occurred and is continuing; and by adding a new limb (iv) in respect of any Hedging Liabilities that relate to a hedging transaction which is terminated or closed out in the circumstances specified in Clause 4.4(b)(ii) or paragraph 4 of this Schedule 78.