Assignment of Hedging Agreements means the assignment creating Security over the Borrower's rights and interests in any Hedging Agreement, in agreed form.
Assignment of Hedging Agreements means an assignment agreement (whether by way of a separate agreement or an agreement containing other security) which is collateral to #4666581/6 5 (104) the Finance Documents for the first priority assignment of the Borrowers’ rights under the Hedging Agreements to be made between the relevant Obligors and the Agent (on behalf of the Finance Parties) as security for the Obligors’ obligations under the Finance Documents, in form and substance satisfactory to all the Finance Parties.
Assignment of Hedging Agreements means an assignment of hedging agreements substantially in the form of Exhibit M. “Assignment of Insurances” shall mean an assignment of insurances substantially in the form of Exhibit F.
Examples of Assignment of Hedging Agreements in a sentence
Each Hedge Counterparty consents to, and acknowledges notices of, the assigning by way of security by the Borrower pursuant to the Assignment of Hedging Agreements of its rights under the Hedging Agreements to which it is party in favour of the Security Agent.
The rights of the Borrower under the Hedging Agreements shall be assigned by way of security under an Assignment of Hedging Agreements.
More Definitions of Assignment of Hedging Agreements
Assignment of Hedging Agreements shall have the meaning provided in the definition of “Collateral and Guaranty Requirements”.
Assignment of Hedging Agreements means an assignment agreement (whether by way of a separate agreement or an agreement containing other security) for the first priority perfected assignment (on a limited recourse basis) of the relevant Obligor's (other than the Parent) rights under any Hedging Agreement to be made between that Obligor and the Security Agent (on behalf of the Secured Parties) as security for the Secured Obligations. “Assignment of Insurances” means an assignment agreement (whether by way of a separate agreement or an agreement containing other security) for the first priority perfected assignment (on a limited recourse basis) of all proceeds payable to any Rig Owner or Intra- Group Charterer under the Insurances for each Rig, to be made between the relevant Obligors and the Security Agent (on behalf of the Secured Parties) as collateral for the Obligors’ obligations under the Finance Documents, in form and substance satisfactory to all the Finance Parties. “Assignment of Intra-Group Loans” means an assignment agreement (whether by way of a separate agreement or an agreement containing other security) for the first priority perfected assignment (on a limited recourse basis), and (if applicable) the subordination of, of all receivables in respect of any intra-group loans and receivables not paid within 45 days provided by any member of the Group as creditor to any Rig Owner or SPV Intra-Group Charterer as debtor if such receivables for the relevant Rig Owner or SPV Intra-Group Charterer in aggregate exceed USD 1,000,000, to be made between the relevant creditor and the Security Agent (on behalf of the Secured Parties) as security for the Secured Obligations. “Authorisation” means an authorisation, consent, approval, resolution, licence, exemption, filing, notarisation or registration. “Availability Period” means (a) in relation to Tranche A, the period from and including the date of the Original Facility Agreement to and including the earlier of: (i) close of business on 7 October 2022; and (ii) the First Utilisation Date; and (b) in relation to Tranche B, the period from and including the Effective Date to and including 5 (five) Business Days following the Effective Date. “Available Commitment” means a Lender’s Commitment minus: (a) the amount of its participation in any outstanding Loans; and