Approved Hedge Counterparty definition

Approved Hedge Counterparty means any Lender or an Affiliate of any Lender.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Approved Hedge Counterparty means each Arranger and each Original Lender and each of their Affiliates.

Approved Hedge Counterparty means BP Energy Company, successor to BP Corporation North America Inc., or any of its Affiliates and such other Person as shall meet the requirements specified in the First Lien Credit Agreement and shall have executed a Joinder Agreement.

Examples of Approved Hedge Counterparty in a sentence

• The Agent shall not be under any obligation to any Lender or any other Approved Hedge Counterparty to ascertain or to inquire as to the observance or performance of any of the agreements contained in, or conditions of, this Agreement or any other Loan Document, or to inspect the properties, books or records of the Borrower or any of the Guarantors.

• Enter into any Commodity Hedge Agreement, whether with an Approved Hedge Counterparty or another Person, other than the Minimum Required Commodity Hedge Agreements or liquidate or terminate any of Minimum Required Commodity Hedge Agreements.

• The Second Lien Agent agrees, on behalf of itself and the other Second Lien Secured Parties, that none of them will seek relief from the automatic stay or from any other stay in any Insolvency Proceeding or take any action in derogation thereof, in each case in respect of any Collateral, without the prior written consent of the Collateral Agent, Approved Hedge Counterparty and First Lien Agent.

• The terms and provisions of the Agreement shall inure to the benefit of the new Approved Hedge Counterparty and its respective successors and assigns subject to compliance with Section 9.13 of the Agreement.

• The Agreement may be amended or supplemented as provided therein without the necessity of the new Approved Hedge Counterparty joining in any such amendment, except as provided in the Agreement.

More Definitions of Approved Hedge Counterparty

Approved Hedge Counterparty means (i) Person who is, or was at the time of the execution of the applicable Hedging Agreement, a Lender or an Affiliate of a Lender or (ii) another Person that is reasonably acceptable to the Administrative Agent (acting at the direction of the Required Lenders).

Approved Hedge Counterparty means BP Corporation North America, Inc. or any of its Affiliates.

Approved Hedge Counterparty means (a) Cargill, (b) any Lender or

Approved Hedge Counterparty has the meaning given to such term in the Intercreditor Agreement.

Approved Hedge Counterparty means (a) Cargill, (b) BP or an Affiliate thereof, (c) any Lender or (d) a counterparty to a Commodity Hedge Agreement with the Borrowers approved by the Agent.

Approved Hedge Counterparty means each ‘Arranger’ and each ‘Original Lender’ (under and as defined in the Senior Facility Agreement) and each of their Affiliates;

Approved Hedge Counterparty means any Lender or a counterparty to a Commodity Hedge Agreement with one of the Borrowers approved by the Agent.