Approved Hedge Counterparty definition

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

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

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

Examples of Approved Hedge Counterparty in a sentence

• 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 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 or maintain in effect any Commodity Hedge Agreement containing any provision obligating the relevant Borrower to provide to the relevant Approved Hedge Counterparty any collateral, margin, letter of credit or any other form of security or credit support for the obligations, contingent or otherwise, of the relevant Borrower thereunder without the approval of the Agent.

• 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.

• The Second Lien Agent, on behalf of itself and the other Second Lien Secured Parties, agrees that each of them shall take such actions as the Collateral Agent, the First Lien Agent or the Approved Hedge Counterparty shall reasonably request in connection with the exercise by the Collateral Agent or the First Lien Secured Parties of their rights set forth herein.

More Definitions of Approved Hedge Counterparty

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.

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

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 (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 (a) Cargill, (b) any Lender or(c) a counterparty to a Commodity Hedge Agreement with the Borrowers approved by the Agent.

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

Approved Hedge Counterparty means any other Person that, at the time such Hedging Agreement is entered into is (a) the Administrative Agent, (b) the Collateral Agent, (c) a Lender, (d) any Affiliate of any of the foregoing Persons or (e) any other Person whose corporate rating at the time of entering into the Hedging Agreement is A- or higher by S&P or whose senior unsecured long-term debt obligations at the time of entering into the Hedging Agreement are rated A- or higher by S&P (or whose obligations under the Hedging Agreement are guaranteed by another Person satisfying the foregoing ratings criteria).