Examples of Hedge Arrangement in a sentence
This alternative entails higher costs for the Company, and is therefore only intended to be exercised if the Warrant Hedge Arrangement is not approved by the annual general meeting.
Firstly, the board of directors recommends that the Company issue warrants to a subsidiary and that the subsidiary transfer the warrants in accordance with items 18(a) and 18(b) on the proposed agenda (the “Warrant Hedge Arrangement”).However, if the annual general meeting does not resolve on the Warrant Hedge Arrangement, the board of directors has also considered another alternative.
The Borrower will not, and will not permit any Obligor to, enter into or maintain any Hedge Arrangement, without the prior written consent of the Lender (such consent to be at the sole discretion of the Lender).
See "Security for the Notes—the Interest Rate Hedge Arrangement".
However, if the annual general meeting does not resolve on the Warrant Hedge Arrangement, the board of directors has also considered another alternative.