Examples of Hedge Guaranty in a sentence
Upon acceptance of such CSA Accession Agreement and the executed counterpart with respect to the Hedge Guaranty by the Administrative Agent, such Person shall be a party to this Agreement and the Hedge Guaranty and shall have the rights and obligations of a Secured Party hereunder and thereunder.
Each Lender hereby further authorizes the Agent, on behalf of and for the benefit of the Lenders, to enter into, and to be the agent for and representative of the Lenders under, the Hedge Guaranty, and each Lender agrees to be bound by the terms of the Hedge Guaranty; provided that the Agent shall not enter into or consent to any material amendment, modification, termination or waiver of any provision contained in the Hedge Guaranty or without the prior consent of Required Lenders.
Any Person proposing to execute Mandatory Metals Hedge Transactions may become a Secured Party hereunder as a Hedge Bank subject to (a) such Person otherwise being a Senior Lender hereunder and (b) the Administrative Agent’s receipt of an executed and delivered counterpart of (i) a CSA Accession Agreement (by virtue of which such Person shall become entitled to the benefits of the Security Documents) and (ii) the Hedge Guaranty.
Buyer agrees that it and its Affiliates (including the General Partner) will either (i) cause the Partnership to terminate the Xxxxxx at Closing or (ii) if the Xxxxxx are not so terminated, take such steps as are necessary to terminate the Hedge Guaranty at Closing, including obtaining and providing collateral or other credit support satisfactory to the Hedge Counterparty and providing to Seller a release of the Hedge Guaranty in form and substance satisfactory to Seller.
Buyer agrees that it and its Affiliates (including the General Partner) will either (i) cause the Partnership to terminate the Xxxxxx at Closing or (ii) if the Xxxxxx are not so terminated, take such steps as are necessary to terminate the Hedge Guaranty at Closing, including obtaining and providing collateral or other credit support satisfactory to the Hedge Counterparty and providing to Seller a release of the Hedge Guaranty in the form and substance satisfactory to Seller.