Hedge Account definition

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

  • 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.

  • 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.

  • 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.

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

  • 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 2.8(c) 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 collective reference to the segregated, non-interest bearing securities accounts (within the meaning of Section 8-501 of the UCC) identified as hedge accounts (and with account numbers specified) in the Account Control Agreement, including any and all sub-accounts, which are created and maintained on the books and records of the Securities Intermediary, in each case which are established and maintained pursuant to Section 8.1(a).
Hedge Account means the account established pursuant to the terms of the Hedge Agreement.
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 means the account designated as such, established and maintained pursuant to Section 1.4 hereof.