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

• Customer acknowledges that his/her separate accounts will not contain long positions in one account and offsetting short positions in another account unless such accounts are independently traded or unless one account is a Speculative Account and the other is a Hedge Account.

• As cash positions, the Cash Hedge Account and the Tax Deferred Annuity of the EBITDA are not indexed.

• The risk in the BCLOC Security is transferred to its four (4) collateral legs which consist of the following: 1) PCSO common stock; 2) Cash Hedge Account as Credit Enhancement 3) U.S. Treasuries as Credit Linked Instrument, and 4) Business Cash Flow/Annuity (based on EBITDA) from Client’s Business).Pricing of the BCLOC was established between 2007 and 2009, as collateralized on a privately negotiated sale price of PCSO stock at $20.00 per share.

• The BCLOC, as indicated elsewhere in this report, consists of US Treasuries, Annuity or a Credit Enhancement Account (CEA), Cash Hedge Account and Cash Flow from the Business (EBITDA), providing customers with a higher value than the standardized purchase of the PCSO shares in the public market.

• The PCSO Stock repackaged in the BCLOC Securitization structure is linked to Wilshire 5000 Index.2. The Swap Treasury Positions are linked to the 30-Year U.S Treasury Index.3. The Cash Hedge Account or Credit Enhancement Facility is not indexed.Page254.

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 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.

Hedge Account. The deposit account, established at Deposit Account Bank, in the name of Sellers, pledged to Buyer and subject to an Account Control Agreement. “Hedge Counterparty”: Either (a) an Affiliated Hedge Counterparty, or (b) or any other counterparty, approved by Buyer, to any Interest Rate Protection Agreement with Seller; provided that in the case of a Cleared Swap, each reference in this Agreement to the Hedge

Hedge Account means the Hedge Account established pursuant to Section 2.02(g) of the Amended and Restated Disbursement Agreement. "Improvements" shall, for the purposes of the Tax Indemnity Agreement, have the meaning set forth therein and for all other purposes, shall have the meaning set forth in the Project Mortgage. "Indemnifiable Tax Loss" shall have the meaning given in Section 4.01 of the Tax Indemnity Agreement. "Indemnitee" shall mean (A) each of (i) Lessor and each Partner thereof, (ii) the Bond Trustee, the Disbursement Agent, Agent (both in their individual and their trust capacities), (iii) each Bank, (iv) the LOC Issuers, (B) the respective successors, assigns, agents, shareholders, officers, directors or employees of the foregoing and (C) any Affiliate of any thereof. "Indenture" shall have the meaning set forth in the Amended and Restated Reimbursement Agreement. "Independent Engineer" shall mean (a) X.X. Xxxx and Associates or (b) such other engineering consultant, satisfactory to Lessor and Agent that is engaged to examine the plans and specifications of the Project, changes in such plans and specifications and cost breakdowns and estimates, to make periodic inspections of the construction and operation of the Project on behalf of the Bank Parties, and to advise and render reports to the Bank Parties concerning the same, or otherwise to perform such services with respect to the Project as the Bank Parties from time to time may request. "Installment Sale Agreement" shall have the meaning set forth in the Amended and Restated Reimbursement Agreement. "Installment Sale Agreement Assignment" shall mean the Installment Sale Agreement Assignment, dated as of December 15, 1990, between SPC and the Lessor. "Insurance Account" shall mean the Insurance Account established pursuant to Section 2.02(c) of the Amended and Restated Disbursement Agreement. "Insurance Consultant" shall mean any insurance consultant retained by Agent from time to time with respect to insurance coverage for the Project in accordance with Section 10.04 of the Amended and Restated Reimbursement Agreement. "Insurance Proceeds" has the meaning specified in Section 13.02 of the Amended and Restated Reimbursement Agreement. "Insurance Proceeds Disbursement Certificate" shall mean a duly executed and completed certificate in the form of Exhibit 9.02(a) to the Amended and Restated Disbursement Agreement. "Interconnection Facilities" shall mean such electrical interconnection facilities as are ne...

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.