Hedge Ratings Determining Party definition
Hedge Ratings Determining Party means (a) unless clause (b) applies with respect to the Hedge Agreement, the Hedge Counterparty or any transferee thereof or (b) any Affiliate of the Hedge Counterparty or any transferee thereof that unconditionally and absolutely guarantees (with the form of such guarantee meeting S&P’s then-current published criteria with respect to guarantees) the obligations of the Hedge Counterparty or such transferee, as the case may be, under the Hedge Agreement. For the purpose of this definition, no direct or indirect recourse against one or more shareholders of the Hedge Counterparty or any such transferee (or against any Person in control of, or controlled by, or under common control with, any such shareholder) shall be deemed to constitute a guarantee, security or support of the obligations of the Hedge Counterparty or any such transferee.
Hedge Ratings Determining Party means (a) unless clause (b) of this definition applies with respect to any Permitted Hedge Agreement, the counterparty to Party B thereto or any transferee thereof or (b) any Affiliate of such Person or any transferee thereof that unconditionally and absolutely guarantees (with the form of such guarantee meeting S&P’s then current published criteria with respect to guarantees as of the date such guarantee was entered into) the obligations of such counterparty to Party B or such transferee, as the case may be, under the Permitted Hedge Agreements. For purposes of this definition, no direct or indirect recourse against one or more shareholders of such counterparty to Party B or any such transferee (or against any Person in control of, or controlled by, or under common control with, any such shareholder) shall be deed to constitute a guarantee, security or support of obligations of such Person or any such transferee.
Hedge Ratings Determining Party means (a) unless clause (b) applies with respect to the Hedge Agreement, the Hedge Counterparty or any transferee thereof or (b) any Affiliate of the Hedge Counterparty or any transferee thereof that unconditionally and absolutely guarantees the obligations of the Hedge Counterparty or such transferee, as the case may be, under the Hedge Agreement. For the purpose of this definition, no direct or indirect recourse against one or more shareholders of the Hedge Counterparty or any such transferee (or against any Person in control of, or controlled by, or under common control with, any such shareholder) shall be deemed to constitute a guarantee, security or support of the obligations of the Hedge Counterparty or any such transferee.