Common use of Rights of Hedging Providers Clause in Contracts

Rights of Hedging Providers. Each Hedging Provider is a Finance Party and as such, will be entitled to share in the security constituted by the Security Documents in respect of any liabilities of the Borrower under the Hedging Contracts with such Hedging Provider in the manner and to the extent contemplated by the Finance Documents.

Appears in 4 contracts

Samples: Facility Agreement (Cool Co Ltd.), Facility Agreement (Cool Co Ltd.), Facility Agreement

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Rights of Hedging Providers. (a) Each Hedging Provider is a Finance Party and and, as such, will be entitled to share in the security constituted by the Transaction Security Documents in respect of any liabilities of the Borrower Borrowers under the Hedging Contracts with such Hedging Provider in the manner and to the extent contemplated by the Finance Documents. (b) Unless all Lenders and the Borrower agree otherwise, each Hedging Provider must be a Lender or an Affiliate of a Lender.

Appears in 1 contract

Samples: Loan Agreement (Navigator Holdings Ltd.)

Rights of Hedging Providers. Each Hedging Provider is a Finance Party and as such, will be entitled to share in the security constituted by the Security Documents in respect of any liabilities of the Borrower Parent under the Hedging Contracts with such Hedging Provider in the manner and to the extent contemplated by the Finance Documents.

Appears in 1 contract

Samples: Facility Agreement (DryShips Inc.)

Rights of Hedging Providers. Each Hedging Provider is a Finance Party and as such, will be entitled to share in the security constituted by the Security Documents in respect of any liabilities of the Borrower Guarantor under the Hedging Contracts with such Hedging Provider in the manner and to the extent contemplated by the Finance Documents.

Appears in 1 contract

Samples: Facility Agreement (Quintana Shipping Ltd.)

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Rights of Hedging Providers. Each Hedging Provider is a Finance Party and and, as such, will be entitled to share in the security constituted by the Transaction Security Documents in respect of any liabilities of the Borrower Borrowers under the Hedging Contracts with such Hedging Provider in the manner and to the extent contemplated by the Finance Documents.

Appears in 1 contract

Samples: Facility Agreement (Navigator Holdings Ltd.)

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