Currency Hedging Transaction definition
Currency Hedging Transaction means (i) any Swap Transaction entered into by the Borrower with an Eligible Counterparty intended to convert any payment on a Debt or other obligation of the Borrower or any Company Investment denominated in one currency to another currency or to protect against fluctuations in the exchange rate of a currency in which a payment to be made or received by the Borrower is denominated and (ii) any Swap Transaction entered into by the Borrower intended to convert any payment on a Debt or other obligation of the Borrower or any Company Investment denominated in one currency to another currency or to protect against fluctuations in the exchange rate of a currency in which a payment to be made or received by the Borrower is denominated and pursuant to which the Borrower has no on-going payment obligations.
Currency Hedging Transaction includes any foreign exchange transaction, currency swap transaction, cross currency rate swap transaction, currency option, collar transaction or other similar transaction (including any option with respect thereto and any combination in respect thereof);
Currency Hedging Transaction means (i) any Swap Transaction entered into by the Fund with an Eligible Counterparty intended to convert any payment on a Debt or other obligation of the Fund or any Company Investment denominated in one currency to another currency or to protect against fluctuations in the exchange rate of a currency in which a payment to be made or received by the Fund is denominated and (ii) any Swap Transaction entered into by the Fund intended to convert any payment on a Debt or other obligation of the Fund or any Company Investment denominated in one currency to another currency or to protect against fluctuations in the exchange rate of a currency in which a payment to be made or received by the Fund is denominated and pursuant to which the Fund has no on-going payment obligations.
More Definitions of Currency Hedging Transaction
Currency Hedging Transaction means any transaction entered into in the normal course of the Company’s trade or business primarily to manage the risk of currency fluctuations with respect to any item of income or gain described in paragraphs 1 (95% Gross Income Test) and 2 (75% Gross Income Test) (or any property which generates such income or gain), including gain from the termination of such a transaction, if the transaction was clearly identified as a hedging transaction before the close of the day on which it was acquired, originated, or entered into and otherwise satisfied the identification requirements of Code section 1221 and Treasury Regulations section 1.1221-2.
Currency Hedging Transaction means (a) any transaction which is a rate swap transaction, basis swap, forward rate transaction, interest rate cap transaction, interest rate floor transaction, interest rate collar transaction, currency swap transaction, cross currency rate swap transaction, or any other similar transaction, including options thereon or (b) any combination of these transactions entered into by the Company with an Eligible Counterparty intended to convert any payment on any Underlying Asset denominated in one currency to another currency or to protect against a risk in the fluctuation of the exchange rate of a currency in which a payment to be made or received by the Company is denominated.
Currency Hedging Transaction. The meaning specified in the applicable Collateral Valuation Schedule.