Common use of Security: Hedge Counterparties Clause in Contracts

Security: Hedge Counterparties. The Hedge Counterparties may not take, accept or receive the benefit of any Security, guarantee, indemnity or other assurance against loss from any member of the Group in respect of the Hedging Liabilities other than: (a) the Transaction Security; (b) any guarantee, indemnity or other assurance against loss contained in: (i) this Agreement; (ii) the original form of any Credit Facility Documents; (iii) any Shared Assurance; or (iv) the relevant Hedging Agreement no greater in extent than any of those referred to in paragraphs (i) to (iii) above; and (c) the indemnities and rights of set-off and netting contained in the ISDA Master Agreements (in the case of a Hedging Agreement which is based on an ISDA Master Agreement) or any indemnities and rights of set-off and netting which are similar in meaning and effect to those indemnities (in the case of a Hedging Agreement which is not based on an ISDA Master Agreement).

Appears in 2 contracts

Samples: Intercreditor Agreement (Nord Anglia Education, Inc.), Intercreditor Agreement (Nord Anglia Education, Inc.)

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Security: Hedge Counterparties. The Hedge Counterparties may not take, accept or receive the benefit of any Security, guarantee, indemnity or other assurance against loss from any member of the Group in respect of the Hedging Liabilities other than: (a) the Common Transaction Security; (b) any guarantee, indemnity or other assurance against loss contained in: (i) this the Senior Term Facilities Agreement; (ii) the original form of any Credit Facility Documentsthis Agreement; (iii) any Shared Common Assurance; or (iv) the relevant Hedging Agreement no greater in extent than any of those referred to in paragraphs (i) to (iii) above; (c) as otherwise contemplated by Clause 3.3 (Security: Senior Facility Creditors)); and (cd) the indemnities and rights of set-off and netting contained in the ISDA Master Agreements (in the case of a Hedging Agreement which is based on an ISDA Master Agreement) or any indemnities and rights of set-off and netting which are similar in meaning and effect to those indemnities (in the case of a Hedging Agreement which is not based on an ISDA Master Agreement).

Appears in 1 contract

Samples: Intercreditor Agreement

Security: Hedge Counterparties. The As between the Secured Parties, it is hereby agreed that the Hedge Counterparties may not take, accept or receive the benefit of any Security, guarantee, indemnity or other assurance against loss from any member of the Group in respect of the Hedging Liabilities other than: (a) the Common Transaction Security; (b) any guarantee, indemnity or other assurance against loss contained in: (i) this the original form of the Facilities Agreement; (ii) the original form of any Credit Facility Documentsthis Agreement; (iii) any Shared Common Assurance; or (iv) the relevant Hedging Agreement no greater in extent than any of those referred to in paragraphs (i) to (iii) above; and (c) the indemnities and rights of set-off and netting contained in the ISDA Master Agreements (in the case of a Hedging Agreement which is based on an ISDA Master Agreement) or any indemnities and rights of set-off and netting which are similar in meaning and effect to those indemnities (in the case of a Hedging Agreement which is not based on an ISDA Master Agreement).

Appears in 1 contract

Samples: Intercreditor Agreement

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Security: Hedge Counterparties. The Hedge Counterparties may not take, accept or receive the benefit of any Security, guarantee, indemnity or other assurance against loss from any member of the Group or KEI in respect of the Hedging Liabilities other than: (a) the Transaction Security; (b) any guarantee, indemnity or other assurance against loss contained in: (i) this Agreementthe CTA; (ii) the original form of any Credit Facility Documentsthis Agreement; (iii) any Shared Common Assurance; or (iv) the relevant Hedging Agreement no greater in extent than any of those referred to in paragraphs (i) to (iii) above; (c) as otherwise contemplated by Clause 3.5 (Security: Senior Lenders); and (cd) the indemnities and rights of set-off and netting contained in the ISDA Master Agreements (in the case of a Hedging Agreement which is based on an ISDA Master Agreement) or any indemnities and rights of set-off and netting which are similar in meaning and effect to those indemnities (in the case of a Hedging Agreement which is not based on an ISDA Master Agreement).

Appears in 1 contract

Samples: Intercreditor Agreement (Kosmos Energy Ltd.)

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