Applicable Hedge Agreement definition
Applicable Hedge Agreement means, with respect to any Interest Period, any Hedge Agreement under which payment is scheduled to be made (in the absence of any "netting") on the Settlement Date relating to such Interest Period.
Applicable Hedge Agreement means any Hedge Agreement engaged in by a Person as part of its normal business operations with the purpose and effect of hedging and protecting such Person against fluctuations or adverse changes in the prices of electricity, gas, fuel or other commodities, interest rates or currency exchange rates, which Hedge Agreement is part of a risk management strategy and not for purposes of speculation and not intended primarily as a borrowing of funds.