Examples of Hedged Certificates in a sentence
The Depositor hereby directs the Trustee to execute, deliver and perform its obligations under, and make the representations contained in, the Yield Maintenance Agreement on the Closing Date and thereafter on behalf of, and for the benefit of, the Holders of the Hedged Certificates.
The Sellers, the Depositor, the Servicer and the Holders of the Hedged Certificates (by their acceptance of such Certificates) acknowledge and agree that the Trustee is executing, delivering and performing its obligations under, and making the representations contained in, the Yield Maintenance Agreement and shall do so solely in its capacity as Trustee of the Trust Fund and not in its individual capacity.
On each business day, there will be transfers of metal ounces in the respective unallocated accounts of the Currency Hedged Series between the Company and the Currency Hedged Certificates Counterparty to reflect the foreign exchange rate hedging gains and losses.
The Currency Hedged Certificates are certificates where the specified currency is a currency other than the Commodity Currency.
JP Morgan AG will act as counterparty to the Company (the "Currency Hedged Certificates Counterparty") under a hedging arrangement pursuant to which the Company will agree to transfer underlying Commodities to and from the Currency Hedged Certificates Counterparty to reflect foreign exchange rate hedging gains and losses.