Hedge Product Reserve definition

Hedge Product Reserve means the aggregate amount of reserves established by the Administrative Agent from time to time in its Permitted Discretion in respect of Designated Hedging Obligations, which shall not exceed the sum of all Canadian Hedge Product Amounts and US Hedge Product Amounts in respect of Designated Hedging Obligations at such time.
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Hedge Product Reserve means, as of any date of determination, a reserve for the Guaranteed Parties’ exposure under any Secured Hedging Agreement which exposure is to be secured by a First Priority Lien on the Collateral as notified by the respective hedge product provider or any Borrower to the Administrative Agent and updated from time to time.
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Hedge Product Reserve means, as of any date of determination, the U.S. Borrowers’ exposure (as determined by the Administrative Agent in its Permitted Discretion) under any Secured Hedging Agreement.
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Examples of Hedge Product Reserve in a sentence

  • The Administrative Agent accepts no responsibility and shall have no liability for the calculation of the exposure 173 owing by the Obligors under any such Qualified Secured Hedging Agreement and/or Qualified Secured Cash Management Agreement or the amount of any Hedge Product Reserve and/or Bank Product Reserve, and shall be entitled in all cases to rely on the applicable Secured Party (or Affiliate thereof) and the applicable Obligor party to such agreement for the calculation thereof.

  • The Administrative Agent accepts no responsibility and shall have no liability for the calculation of the exposure owing by the Obligors under any such Qualified Secured Hedging Agreement and/or Qualified Secured Cash Management Agreement or the amount of any Hedge Product Reserve and/or Bank Product Reserve, and shall be entitled in all cases to rely on the applicable Secured Party (or Affiliate thereof) and the applicable Obligor party to such agreement for the calculation thereof.


More Definitions of Hedge Product Reserve

Hedge Product Reserve means, (i) if Excess Availability is equal to or greater than £15,000,000, £0 and (ii) if Excess Availability is less than £15,000,000, the Obligors’ aggregate exposure (as determined by the Co-Collateral Agents in their Permitted Discretion) under any Secured Hedging Agreement.”
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Hedge Product Reserve means, as of the date of any determination, the Obligors’ aggregate exposure (as determined by the Co-Collateral Agents in their Permitted Discretion) under any Qualified Secured Hedging Agreement.
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Hedge Product Reserve contained therein to read as follows:
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Related to Hedge Product Reserve

  • SOFR Reserve Percentage means, for any day, the maximum effective percentage in effect on such day, if any, as prescribed by the Board of Governors of the Federal Reserve System (or any successor) for determining the reserve requirements (including, without limitation, supplemental, marginal and emergency reserve requirements) with respect to SOFR funding.

  • Activated reserve components means members of the reserve component of the uniformed services who have received a notice of intent to deploy or mobilize under Title 10 of the United States Code, Title 32 of the United States Code, or state mobilization to active duty.

  • FTR Portfolio Auction Value means for each customer account of a Market Participant, the sum, calculated on a monthly basis, across all FTRs, of the FTR price times the FTR volume in MW.

  • Target Overcollateralization Amount means, with respect to any Payment Date, 3.00% of the Adjusted Pool Balance as of the Cutoff Date. Notwithstanding the foregoing, the Target Overcollateralization Amount shall not exceed the Adjusted Pool Balance on such Payment Date.

  • Yield Supplement Overcollateralization Amount means, with respect to any calendar month and the related Payment Date, or with respect to the Closing Date, the aggregate amount by which the Principal Balance as of the last day of the related Collection Period or the Cutoff Date, as applicable, of each of the related Receivables with an APR as stated in the related contract of less than the Required Rate, other than Defaulted Receivables, exceeds the present value, calculated by using a discount rate equal to the Required Rate, of each scheduled payment of each such Receivables assuming such scheduled payment is made on the last day of each month and each month has 30 days.

  • Overcollateralization Target Amount means, with respect to any Distribution Date, 4.75% of the Pool Balance as of the Cutoff Date.