Hedge Notional Amount definition

Hedge Notional Amount. For any Advance, the aggregate notional amount in effect on any day under all Hedge Transactions entered into pursuant to Section 5.3(a) for that Advance.

Hedge Notional Amount means the aggregate notional amount in effect on any day under all Hedge Transactions entered into pursuant to Section 5.2 which have not matured, been terminated or cancelled.

Hedge Notional Amount means, as of the date of determination, an amount equal to the aggregate Notional Amount outstanding on that date and for the then current Calculation Period of all Transactions outstanding under any Hedge Agreement (as defined in the Trust Agreement) then in effect.

Examples of Hedge Notional Amount in a sentence

• Each Hedge Transaction shall (i) have a scheduled amortizing notional amount which, when combined with all other Hedge Transactions then in effect, satisfies the Hedge Notional Amount Requirement, (ii) to the satisfaction of the Agent, be sufficient to hedge the interest rate risk associated with funding fixed rate Medallion Loans with floating rate Advances hereunder and (iii) incorporate such other terms as the Agent may reasonably direct in consultation with the Servicer.

• Each Hedge Transaction shall (i) have a scheduled amortizing notional amount which, when combined with all other Hedge Transactions then in effect, satisfies the Hedge Notional Amount Requirement, (ii) to the satisfaction of the Agent, be sufficient to ensure that the Excess Spread is maintained at a level equal to or greater than the Minimum Excess Spread and (iii) incorporate such other terms as the Agent may reasonably direct in consultation with such Borrower.

• Each Hedge Transaction shall (i) have a scheduled amortizing notional amount which, when combined with all other Hedge Transactions then in effect, satisfies the Hedge Notional Amount Requirement, (ii) to the satisfaction of the Agent, be sufficient to ensure that the Excess Spread is maintained at a level equal to or greater than the Minimum Excess Spread and (iii) incorporate such other terms as the Agent may reasonably direct in consultation with the Borrower.

• The Portfolio Manager may in its discretion determine when such Untranched Swap Transactions are to be added or removed to or from the Notional Portfolio as a mechanism to ensure that the Hedge Guidelines are complied with (but subject to the provisions below under "Adjustments to the Aggregate Hedge Notional Amount, Aggregate Untranched Notional Amount and Hedge Guidelines").

• The rules relating to Hedge Management Dates, the Hedge Guidelines and adjustments to the Aggregate Hedge Notional Amount and Aggregate Untranched Notional Amount on such dates are more fully described in paragraph 7 below.

More Definitions of Hedge Notional Amount

Hedge Notional Amount means, for any Loan Asset, the aggregate notional amount in effect on any day under all Hedge Transactions entered into pursuant to Section 5.09 for that Loan Asset.

Hedge Notional Amount. For any Purchase, the aggregate notional amount in effect on any day under all Hedge Transactions entered into pursuant to Section 5.4(a) for that Purchase.

Hedge Notional Amount. For any Advance or Swingline Advance, the aggregate notional amount in effect on any day under all Hedge Transactions entered into pursuant to Section 5.3(a) for that Advance or Swingline Advance.

Hedge Notional Amount means, at any time, the aggregate notional amount of all Eligible Interest Rate Xxxxxx at such time.

Hedge Notional Amount means for any Advance, the aggregate notional amount in effect on any day under all Hedge Transactions entered into pursuant to Clause 19.2 for that Advance.

Hedge Notional Amount. The aggregate notional amount in effect on any day --------------------- under all Hedge Transactions entered into pursuant to a Terms Supplement.

Hedge Notional Amount means, for any Investment, the aggregate notional amount in effect on any day under all Hedge Transactions entered into pursuant to SECTION 6.3 for that Investment.