Hedged Currency definition

Hedged Currency means the currency in which the Hedged Share Class is denominated.

Hedged Currency means the currency in which any Other Currency Term Outstandings are denominated and which is hedged in respect of exchange rate risk under a Hedging Agreement.

Hedged Currency means the currency in which a Relevant Hedged Debt (or part of a Relevant Hedged Debt) is denominated and which is hedged in respect of exchange rate risk under a Hedging Agreement.

Examples of Hedged Currency in a sentence

• A Hedged Class allows us to use currency hedging transactions to reduce the effect of exchange rate fluctuations between the Portfolio Currency and the Hedged Currency.

• There is no guarantee that the hedging strategy applied in a Hedged Class will entirely eliminate the adverse effects of changes in exchange rates between the Portfolio Currency and the Hedged Currency.

• None of the Hedged Currency Share Classes shall be leveraged as a result of such a currency hedging transaction.

• Any currency hedging transaction relating to a Hedged Currency Share Class, or any interest rate hedging transaction relating to a Duration Hedged Share Class, shall be valued in accordance with the provisions of Appendix II and shall be clearly attributable to the specific Hedged Currency Share Class or the specific Duration Hedged Share Class, as appropriate.

• The aim is that the Hedged Class should reflect the actual return of the Portfolio Currency within the Sub-Fund, as applicable, plus or minus the interest rate differential between the Hedged Currency and the Portfolio Currency.

More Definitions of Hedged Currency

Hedged Currency means (according to the context) a Portfolio Currency Hedged Share Class or a Reference Currency Hedged Share Class.

Hedged Currency means a Currency Share Class whose denominated currency is hedged against Share Class" the Base Currency of the relevant Fund;

Hedged Currency means the currency (other than USD) in which a portion of the Senior Secured Notes is denominated.

Hedged Currency means any currency (other than EUR) in which a portion of the Term Loans, the Senior Secured Notes or the Senior Secured Bridge Facility is denominated; Hedging Agreement means any master agreement, confirmation, Schedule or other agreement (including, without limitation, any cap or collar agreements) entered into between a member of the Group and a Hedge Counterparty in relation to a derivative or hedging arrangement for any purpose permitted or not prohibited by the terms of any Senior Secured Finance Document at the time the relevant agreement, confirmation, Schedule or other agreement (as applicable) is entered into; Hedging Ancillary Document means an Ancillary Document which relates to or evidences the terms of a Hedging Ancillary Facility;

Hedged Currency means the currency (other than euro) in which a portion of the Relevant Debt is denominated;

Hedged Currency means the currency in which a Hedged Share Class

Hedged Currency means the currency in which any Term Outstandings in respect of any Senior Facility (or part of such Term Outstandings) are denominated, pursuant to the Senior Facilities Agreement relating to such Senior Facility, and which is hedged in respect of exchange rate risk under a Hedging Agreement.