Hedge Exposure definition

Hedge Exposure means the U.S. dollar amount of all obligations for the payment of money by Borrower or any Subsidiary under any Hedge Agreement as of any date of computation as if the Hedge Agreement were to be terminated or declared in default on such date (after giving effect to any netting provisions).

Hedge Exposure means, on any Business Day, the amount, if any, estimated by the Lender or its Affiliate which is party to a Hedge Agreement with a Loan Party in good faith and in a commercially reasonable manner (for which calculations and computations will be provided to such Loan Party at its request) pursuant to methodology set forth in the applicable Hedge Agreement, which would be payable to such Lender or its Affiliate if the Hedge Agreement were terminated as of such Business Day as a result of an event of default (as defined in the Hedge Agreement) with respect to the Loan Party and a payment were due thereunder to the Lender or its Affiliate.

Hedge Exposure means, at the time of determination, the amount that would be due, if any, by the Borrowers to a Secured Swap Provider upon termination of all transactions under a Swap Agreement with that Secured Swap Provider.

Examples of Hedge Exposure in a sentence

• Any Bank that enters into a Hedge Agreement with Borrower or a Subsidiary shall promptly notify Agent to that effect, which notice shall also specify the dollar amount of Hedge Exposure under the Hedge Agreement.

• The Deemed Hedge Exposure under any Hedging Arrangement shall be determined in accordance with the applicable Hedge Agreement.

• Notwithstanding anything to the contrary contained in this Agreement or in any Facility Document, upon a liquidation of collateral following an Event of Default, any Bank (or former Bank) that is party to a Hedge Agreement shall, with respect to such Hedge Agreement, share in Collateral only to the extent of the lesser of its actual loss under the Hedge Agreement or the amount of Hedge Exposure specified in its notice to Agent under this Section.

• A charge for this item will be a Covered Charge only if the service is to the nearest Hospital where necessary treatment can be provided or between Hospitals if necessary for more highly specialized care.

• Each Secured Hedge Counterparty that is party to this deed must, on request by the Security Trustee or Senior Agent, give notice to the Senior Agent or Security Trustee (as the case may be) certifying its Hedge Exposure, as at the date of the notice.

More Definitions of Hedge Exposure

Hedge Exposure. On any Business Day, the amount, if any, estimated by the Revolving Credit Lender or its Affiliate which is party to a Hedge Agreement with a Loan Party in good faith and in a commercially reasonable manner (for which calculations and computations will be provided to such Loan Party at its request) pursuant to methodology set forth in the applicable Hedge Agreement, which would be payable to such Revolving Credit Lender or its Affiliate if the Hedge Agreement were terminated as of such Business Day as a result of an event of default (as defined in the Hedge Agreement) with respect to the Loan Party and a payment were due thereunder to the Revolving Credit Lender or its Affiliate.

Hedge Exposure of a Person means all obligations of such Person arising under or in connection with Hedging Agreements; provided that:

Hedge Exposure means, with respect to any Lender-Provided Interest Rate Hedge, the reimbursable amount of the provider’s credit exposure with respect thereto.

Hedge Exposure means in respect of a Hedge Counterparty at the applicable date the amount which is H in the following formula: H = M to M + Unpaid Amounts where: M TO M is the result of the xxxx to market calculation of the obligations under the Hedge Agreements provided that M to M will be a positive number if it represents a liability of the Core Borrowers to the Hedge Counterparty and a negative number if it represents a liability of the Hedge Counterparty to the Core Borrowers. UNPAID AMOUNTS is any amount owing under the Hedge Agreements provided that Unpaid Amounts will be a positive number if it represents amounts owing by the Core Borrowers to the Hedge Counterparty and a negative number if it represents amounts owing by the Hedge Counterparty to the Core Borrowers, provided that if H is a negative number it shall be deemed to be equal to zero.

Hedge Exposure means the aggregate amount of a Lender's or its Hedging Affiliate's risk exposure, on a xxxx to market basis, associated with any Financial Instrument Obligation;

Hedge Exposure means in respect of a Hedge Counterparty at the applicable date the amount which is H in the following formula: H = M to M + Unpaid Amounts where: M to M is the result of the mark to market calculation of the obligations under the Hedge Agreements to which it is a party provided that M to M will be a positive number if it represents a liability of the Partnership, Holdco or TXU Electricity (as the case may be) to the Hedge Counterparty and a negative number if it represents a liability of the Hedge Counterparty to the Partnership, Holdco or TXU Electricity (as the case may be).

Hedge Exposure means in respect of a Hedge Counterparty at the applicable date the amount which is H in the following formula: H = M to M + Unpaid Amounts where: