Hedge Account definition

Hedge Account shall have the meaning set forth in Section 5.1(h).]

Hedge Account. The deposit account, established at Deposit Account Bank, in the name of Seller, pledged to Buyer and subject to an Account Control Agreement.

Hedge Account means a classification of Customer Account notified as hedge account pursuant to the provisions of Article 59.7.

Examples of Hedge Account in a sentence

• Buyer shall have sole dominion and control (including, without limitation, “control” within the meaning of Section 9-104(a)) of the UCC) over the Hedge Account.

• Except as expressly set forth in this Section 8.10(b), Seller shall not have any right to withdraw amounts on deposit in the Hedge Account without the prior written consent of Buyer.

• Prior to the occurrence of a Default or an Event of Default, Seller may withdraw from the Hedge Account any amounts representing Permitted Withdrawals.

• If Buyer does not object to such Other Permitted Withdrawal within such two (2) Business Day period, Seller shall be permitted to withdraw from the Hedge Account any amounts representing the Other Permitted Withdrawal set forth in Seller’s previously delivered notice.

• Any withdrawal from the Hedge Account not in compliance with this Section 8.10(b) shall result in an Event of Default hereunder.

More Definitions of Hedge Account

Hedge Account shall have the meaning set forth in Section 8.2(g) of this Agreement.

Hedge Account means the account held by the Issuer with the Account Bank and into which shall be deposited amounts received pursuant to any Hedge Transaction.

Hedge Account means one or more interest bearing accounts opened in the name of the Issuer with The Royal Bank of Scotland International or any other financial institution, pursuant to which (a) non- Euro denominated amounts received by the Issuer in respect of the Non-Euro Obligations will be credited and (b) (in the case of the initial principal exchange amount) Euro-denominated amounts and (in the case of any other amounts) non-Euro denominated amounts, in each case, payable by the Issuer to the ICG Heureka Senior Lending Credit Compartment Currency Swap Counterparties under the ICG Heureka Senior Lending Credit Compartment Currency Swap Agreements will be debited.

Hedge Account means an account held by the Company with a Hedging Provider or a Clearing Provider for the purpose of financing margin calls (and collecting margin returns and settlement amounts) and which is subject to the Transaction Security.

Hedge Account means the account established pursuant to the terms of the Hedge Agreement.

Hedge Account. The deposit account to be established at Deposit Account Bank, by not later than the Purchase Date with respect to the initial fixed rate Purchased Asset, in the name of Seller, pledged to Buyer and subject to an Account Control Agreement.

Hedge Account means the interest bearing account of the Issuer with the Account Bank into which all Interest Rate Hedge Termination Payments, Interest Rate Hedge Replacement Receipts, Credit Risk Termination Payments and Credit Risk Replacement Receipts will be deposited.