Hedge Security Agreement definition
Examples of Hedge Security Agreement in a sentence
With respect to each Hedge, the Hedge Security Agreement must be delivered by Borrower to Lender no later than the effective date of the Hedge.
With respect to each Hedge, the Hedge Security Agreement must be delivered by the Borrower to the Lender no later than the effective date of the Hedge.
Pursuant to a Hedge Security Agreement, the Lender shall be granted an enforceable, perfected, first priority lien on and security interest in each Hedge and payments due under the Hedge (including scheduled and termination payments) in order to secure the Borrower’s obligations to the Lender under this Agreement.
Pursuant to a Hedge Security Agreement, Lender shall be granted an enforceable, perfected, first priority lien on and security interest in each Hedge and payments due under the Hedge (including scheduled and termination payments) in order to secure Borrower's obligations to Lender under this Note.
As set forth in the Hedge Security Agreement, the applicable Collateral Pool Borrower agrees to pledge its right, title and interest in the Interest Rate Hedge to Lender as additional collateral for the Indebtedness.
Pursuant to a Hedge Security Agreement, Lender shall be granted an enforceable, perfected, first priority lien on and security interest in each Hedge and payments due under the Hedge (including scheduled and termination payments) in order to secure Borrower’s obligations to Lender under this Agreement.
Pursuant to the terms of the Hedge Security Agreement with respect to each Hedge, the Counterparty with respect to such Hedge shall make all payments under such Hedge (including any Termination Payments due from such Counterparty upon termination of such Hedge) directly to a custodial account (the "CUSTODIAL ACCOUNT") designated by Fannie Mae pursuant to such Hedge Security Agreement.
Fannie Mae hereby acknowledges and agrees that Borrower shall have until November 5, 2012 to satisfy the requirement to acquire an Interest Rate Cap with a notional amount of $227,429,738 in accordance with the terms of each applicable Hedge Security Agreement dated as of the date hereof.
As set forth in the Hedge Security Agreement, the applicable Collateral Pool Borrower agrees to pledge its right, title and interest in the Interest Rate Hedge to ▇▇▇▇▇▇ Mae as additional collateral for the Indebtedness.
Pursuant to the terms of the Hedge Security Agreement with respect to each Hedge, the Counterparty with respect to such Hedge shall make all payments under such Hedge (including any Termination Payments due from a Counterparty upon termination of such Hedge) directly to a custodial account (the "CUSTODIAL ACCOUNT") designated by Fann▇▇ ▇▇▇ pursuant to such Hedge Security Agreement.