Hedge Monetization definition

Hedge Monetization means the termination, restructuring or unwinding of any Financial Instrument (but, for certainty, excluding the termination thereof on the scheduled maturity date thereof) which:

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Hedge Monetization means the termination, restructuring or unwinding of any Hedging Agreement (but, for certainty, excluding the termination thereof on the scheduled maturity date thereof or the termination thereof due to an event of default of the counterparty) in respect of commodity prices which was in effect as of the last Borrowing Base Determination where lending value has been attributed to the underlying production by any one or more of the Lenders in determining the Borrowing Base and which has resulted in proceeds being paid to a Loan Party.

Hedge Monetization means the final settlement, termination, restructuring, liquidation or unwinding of any Hedge Agreement of the Company or any Material Subsidiary (but, for certainty, excluding the rolling over or novation into one or more replacement Hedge Agreements permitted under this Indenture, to the extent such replacement Hedge Agreements do not produce Hedge Receipts upon such rollover or novation, or the termination thereof on the scheduled maturity date thereof) in respect of commodities, Company; provided, that any such transaction generating net proceeds of $5,000,000 in the aggregate at any time or less shall not constitute a Hedge Monetization hereunder.

Examples of Hedge Monetization in a sentence

Nothing in this paragraph is intended to permit any Credit Party to sell any property or to undertake any Borrowing Base Hedge Monetization other than to the extent permitted under this Agreement including Section 9.5 hereof, and any such non-permitted sale or Borrowing Base Hedge Monetization will constitute a breach of this Agreement.
Borrower will not, and will not permit any other Credit Party to, effect any Borrowing Base Hedge Monetization other than by means of a Permitted Asset Disposition.
The Borrower shall not, and shall not permit any Subsidiary to, undertake, cause to occur or otherwise give effect to any Hedge Monetization without the prior written consent of all of the Lenders, each acting in their sole discretion (except for giving effect to any Hedge Monetization arising for reason of a termination because of a default by the relevant counterparty).
Upon any sale, lease, transfer, abandonment or other disposition of an asset or Hedge Monetization permitted pursuant to this Section 9.5, Administrative Agent will, upon Borrower’s written request and at Borrower’s sole expense, promptly (A) release its Lien in such asset, and (B) execute and deliver to Borrower or the applicable Credit Party, as applicable, such documents as shall be necessary or appropriate to effect the release of such Lien.

More Definitions of Hedge Monetization

Hedge Monetization means (a) for purposes of the definition of KAPS Consolidated EBITDA, the termination, restructuring or unwinding of any Hedge Agreement (but, for certainty, excluding the termination thereof on the scheduled maturity date thereof) which has resulted in payments to a KAPS Holdco Party pursuant thereto and (b) for all other purposes, the termination, restructuring or unwinding of any Hedge Agreement (but, for certainty, excluding the termination thereof on the scheduled maturity date thereof) which has resulted in payments to the Borrower or a Subsidiary (except for a KAPS Holdco Party) pursuant thereto.

Hedge Monetization means any termination or other monetization of any Oil and Gas Hedge Transaction (other than at its scheduled maturity).

Hedge Monetization means the termination, restructuring or unwinding of any Commodity Swap Contract (but, for certainty, excluding the termination thereof on the scheduled maturity date thereof) in respect of commodity prices which was in effect as of the last determination of the Borrowing Base Limit hereunder where lending value has been attributed to the underlying production by any one or more of the Lenders in determining the Borrowing Base Limit, and which transaction has resulted or would result in proceeds being paid to the Borrower or a Material Subsidiary.

Hedge Monetization means the termination, restructuring or unwinding of any Hedging Agreement (but, for certainty, excluding the termination thereof on the scheduled maturity date thereof) which:

Hedge Monetization has the meaning set forth in Section 2.07(h).

Hedge Monetization means the termination, restructuring or unwinding of any Hedging Agreement (but, for certainty, excluding the termination thereof on the scheduled maturity date thereof) in respect of commodity prices which was in effect as of the last Borrowing Base determination which has resulted in proceeds being paid to a Loan Party.";