Existing Hedging Agreement definition

Existing Hedging Agreement means each of the following hedging agreements:
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Existing Hedging Agreement means each of the following hedging agreements entered into by Octel Developments:
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Existing Hedging Agreement means, collectively, the two interest rate swap agreements, each dated May 16, 2007 between the Borrower and Wachovia Bank, N.A. and Credit Suisse International, and each having a notional amount of $30 million and expiring on April 30, 2010.”
Sample 1

Examples of Existing Hedging Agreement in a sentence

  • Seller and Buyer shall execute and deliver (or cause to be executed and delivered) to the Specified Hedging Agreement and Existing Hedging Agreement counterparties a novation instrument reasonably acceptable to the Parties and such counterparties at the Closing (the “Novation Instruments”).

  • On the Closing Date, each Existing Hedging Agreement shall be deemed to be a Permitted Hedge.

  • Evidence satisfactory to the Administrative Agent that the Existing Hedging Agreement remains in full force and effect on the Closing Date and a letter agreement executed by the Borrower and JPMorgan Chase Bank, N.

  • All of the existing Indebtedness for borrowed money of the Credit Parties (excluding a portion of the Existing Hedging Agreement and Indebtedness permitted to exist pursuant to Section 6.1) shall be repaid in full and all security interests related thereto shall be terminated on the Closing Date.

  • As of the Closing Date, the Borrower has no Indebtedness other than Indebtedness created hereunder, under the CP Notes, under the Borrower Hedging Agreement and under the Existing Hedging Agreement.

  • The Borrower will maintain the Existing Hedging Agreement and the Borrower Hedging Agreement in full force and effect at all times during their respective terms.

  • Unless otherwise specified to the contrary in this Agreement, the Loans and the outstanding amount of all other Obligations (other than pursuant to Secured Hedging Agreements and the Existing Hedging Agreement) shall accrue at a floating rate of interest equal to four and five one hundredths percent (4.05%) per annum in excess of the LIBOR Rate (the “Interest Rate”).

  • Concurrently with this Agreement becoming effective, each Existing Hedging Agreement which was previously entered into by PEDC or POT with a Lender or an Affiliate of a Lender shall be deemed to be continuing hereunder as an outstanding Hedging Agreement between the Borrower and such Hedge Provider.

  • The Borrower will not amend, modify or supplement the Existing Hedging Agreement without the prior written consent of the Administrative Agent.


More Definitions of Existing Hedging Agreement

Existing Hedging Agreement means the hedging arrangement in effect on the date hereof pursuant to the ISDA Master Agreement dated as of August 22, 1996 between Mellon Bank and the Borrower.
Sample 1
Existing Hedging Agreement means each of the Hedging Agreements listed on Schedule 6.1 hereto.
Sample 1
Existing Hedging Agreement means the ISDA Master Agreement dated as of November 9, 2000, between JPMorgan Chase Bank, N.A. (as successor to The Chase Manhattan Bank) and the Borrower, together with all schedules thereto and all confirmations exchanged between the parties with respect to the transactions contemplated thereby, in each case as amended and in effect on the Closing Date.
Sample 1
Existing Hedging Agreement means an interest rate swap or other hedging arrangement entered into between an Obligor and a Restructuring Swap Counterparty or an Existing Hedge Counterparty on or prior to the date hereof.
Sample 1
Existing Hedging Agreement means that certain USD 125,250,000.00 notional amount Hedging Agreement dated February 16, 2007, as amended and restated in its entirety by a confirmation dated on the Restatement Date, among the Borrowers and the Existing Hedging Counterparty, as in effect on the date hereof and specifically excluding any modifications, renewals, replacements or extensions thereof.
Sample 1

Related to Existing Hedging Agreement

  • Specified Hedging Agreement means any Interest Rate/Currency Hedging Agreement entered into by the Borrower or any Subsidiary Guarantor and any Qualified Counterparty.

  • Hedging Agreement means any interest rate protection agreement, foreign currency exchange agreement, commodity price protection agreement or other interest or currency exchange rate or commodity price hedging arrangement.

  • Hedging Agreements means, collectively, interest rate protection agreements, equity index agreements, foreign currency exchange agreements, option agreements or other interest or exchange rate or commodity price hedging agreements (other than forward contracts for the delivery of power or gas written by the Borrower to its jurisdictional and wholesale customers in the ordinary course of business).

  • Rate Hedging Agreement means an agreement, device or arrangement providing for payments which are related to fluctuations of interest rates, exchange rates or forward rates, including, but not limited to, dollar-denominated or cross-currency interest rate exchange agreements, forward currency exchange agreements, interest rate cap or collar protection agreements, forward rate currency or interest rate options, puts and warrants.

  • Interest Rate Hedging Agreements means, with respect to any Person, the obligations of such Person under (i) interest rate swap agreements, interest rate cap agreements and interest rate collar agreements and (ii) other agreements or arrangements designed to protect such Person or any of its Subsidiaries against fluctuations in interest rates.

  • Interest Rate Hedging Agreement means any interest rate protection agreement or other interest rate hedging arrangement.

  • Secured Hedging Agreement means any Hedging Agreement between a Credit Party and a Hedging Agreement Provider, as amended, restated, amended and restated, modified, supplemented or extended from time to time.

  • Permitted Hedging Agreement means a Hedging Agreement made by a Loan Party or its Subsidiary in the ordinary course of its business in accordance with the reasonable requirements of its business, and not for speculative purposes, and in any such case, if the counterparty to such Permitted Hedging Agreement is not a Lender or an Affiliate of a Lender, such Permitted Hedging Agreement shall be unsecured (except for Permitted Liens of the type described in clause (xii) of the definition thereof).

  • Specified Hedge Agreement any Hedge Agreement entered into by the Borrower or any Subsidiary Guarantor and any Qualified Counterparty.

  • Other Hedging Agreement means any foreign exchange contracts, currency swap agreements, commodity agreements or other similar agreements or arrangements designed to protect against the fluctuations in currency values.

  • Interest Rate Hedge Agreement any interest rate swap agreement, interest rate cap, collar or other arrangement between the Borrower and a Hedge Provider, consisting of a “Master Agreement” in a form published by the International Swaps and Derivatives Association, Inc., together with a “Schedule” thereto in substantially such form as the Program Agent shall have approved, each “Confirmation” thereunder confirming the terms of each transaction thereunder and any credit support annex and schedule thereto.

  • Hedge Agreement means any interest rate, currency or commodity swap agreements, cap agreements, collar agreements, floor agreements, exchange agreements, forward contracts, option contracts or similar interest rate or currency or commodity hedging arrangements.

  • Other Hedging Agreements means any foreign exchange contracts, currency swap agreements, commodity agreements or other similar arrangements, or arrangements designed to protect against fluctuations in currency values or commodity prices.

  • Interest Hedge Agreement means an interest rate protection agreement that may be entered into between the Borrower and an Interest Hedge Counterparty on or after the Closing Date, for the sole purpose of hedging interest rate risk between the portfolio of Collateral Loans and the Loans, as amended from time to time in accordance with the terms thereof, with respect to which the Rating Condition is satisfied.

  • Swap Agreement means any agreement with respect to any swap, forward, future or derivative transaction or option or similar agreement involving, or settled by reference to, one or more rates, currencies, commodities, equity or debt instruments or securities, or economic, financial or pricing indices or measures of economic, financial or pricing risk or value or any similar transaction or any combination of these transactions; provided that no phantom stock or similar plan providing for payments only on account of services provided by current or former directors, officers, employees or consultants of the Borrower or the Subsidiaries shall be a Swap Agreement.

  • Hedging Arrangements means, with respect to any Person, any agreements or other arrangements (including interest rate swap agreements, interest rate cap agreements and forward sale agreements) entered into to protect that Person against changes in interest rates or the market value of assets.

  • Secured Hedge Agreement means any Swap Contract permitted under Article VI or VII that is entered into by and between any Loan Party and any Hedge Bank.

  • Hedging Agreement Provider means any Person that enters into a Secured Hedging Agreement with a Credit Party or any of its Subsidiaries that is permitted by Section 6.1(d) to the extent such Person is a Lender, an Affiliate of a Lender or any other Person that was a Lender (or an Affiliate of a Lender) at the time it entered into the Secured Hedging Agreement but has ceased to be a Lender (or whose Affiliate has ceased to be a Lender) under the Credit Agreement.

  • Hedging Arrangement means a hedge, call, swap, collar, floor, cap, option, forward sale or purchase or other contract or similar arrangement (including any obligations to purchase or sell any commodity or security at a future date for a specific price) which is entered into to reduce or eliminate or otherwise protect against the risk of fluctuations in prices or rates, including interest rates, foreign exchange rates, commodity prices and securities prices.

  • Commodity Hedging Agreements means, in respect of a Person, any commodity purchase contract, commodity futures or forward contract, commodities option contract or other similar contract (including commodities derivative agreements or arrangements), to which such Person is a party or a beneficiary.

  • Rate Hedging Obligations of a Person means any and all obligations of such Person, whether absolute or contingent and howsoever and whensoever created, arising, evidenced or acquired (including all renewals, extensions and modifications thereof and substitutions therefor), under (a) any and all Rate Hedging Agreements, and (b) any and all cancellations, buy backs, reversals, terminations or assignments of any Rate Hedging Agreement.

  • Commodity Hedging Agreement means any agreement with respect to a commodity swap or other agreement regarding the hedging of commodity purchase and sale exposure executed in connection with hedging the commodity purchase and sale exposure of the Borrower and its Subsidiaries, and any confirming letter executed pursuant to such commodity hedging agreement, all as amended, restated or otherwise modified.

  • Designated Hedge Agreement means any Hedge Agreement (other than a Commodities Hedge Agreement) to which the Borrower or any Subsidiary is a party and as to which, at the time such Hedge Agreement is entered into, a Lender or any of its Affiliates is a counterparty.

  • Hedge Agreements means interest rate swap, cap or collar agreements, interest rate future or option contracts, currency swap agreements, currency future or option contracts and other similar agreements.

  • Secured Hedging Obligations means all debts, liabilities and obligations of the Borrower or any Restricted Subsidiary in respect of any Secured Hedging Agreement.

  • Hedge Contract means any exchange, swap, forward, cap, floor, collar, option or other similar agreement or arrangement entered into for the purpose of reducing the exposure of a Group Member to fluctuations in interest rates, the price of hydrocarbons, basis differentials or currency exchange rates in their operations or financing activities and not for speculative purposes.