Hedged SREC Counterparty definition

Hedged SREC Counterparty means the counterparty to the Issuer under a Hedged SREC Agreement which on the Closing Date is one of the following (together with any of their affiliates so long as such initial counterparty remains liable for the full amount of its obligations under such Hedged SREC Agreement): DTE Energy Trading, Inc., Exelon Generation Company, LLC, CP Energy Marketing (US), Inc., Direct Energy Business Marketing, LLC, NextEra Energy Marketing, LLC, Connecticut Municipal Electric Energy Cooperative, EDF Trading North America, LLC, Noble Americas Gas & Power Corp., TransCanada Power Marketing Ltd., BP Energy Company and Vitol Inc.
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Hedged SREC Counterparty means the counterparty to the Issuer or the related Financing Fund under a Hedged SREC Agreement which on the initial Closing Date (with respect to a Hedged SREC Agreement that is an Initial Solar Asset) or on the applicable Transfer Date (with respect to a Hedged SREC Agreement that is a Qualified Additional Solar Asset) shall have (or shall have an affiliate that has provided a guarantee of such Hedged SREC Agreement who has) a rating of at least “Baa2” or “BBB” by at least one of S&P or Xxxxx’x (other than CP Energy Marketing (US), Inc., which shall have a rating of at least “Baa3” or “BBB-” by at least one of S&P or Xxxxx’x) and is one of the following (together with any of their affiliates so long as such initial counterparty remains liable for the full amount of its obligations under such Hedged SREC Agreement): DTE Energy Trading, Inc., Exelon Generation Company, LLC, CP Energy Marketing (US), Inc., Direct Energy Business Marketing, LLC, NextEra Energy Marketing, LLC, Connecticut Municipal Electric Energy Cooperative, EDF Trading North America, LLC, Noble Americas Gas & Power Corp., TransCanada Power Marketing Ltd., BP Energy Company and Vitol Inc. [***] = Certain confidential information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended.
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Hedged SREC Counterparty means the counterparty to the Issuer under a Hedged SREC Agreement, which on the Closing Date is the following (together with any of its affiliates so long as such initial counterparty remains liable for the full amount of its obligations under such Hedged SREC Agreement): DTE Energy Trading, Inc.
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Examples of Hedged SREC Counterparty in a sentence

  • All applications, forms and other filings required to be submitted in connection with the procurement of Hedged SREC Payments have been properly made in all material respects under applicable law, rules and regulations and the related Eligible Hedged SREC Counterparty has provided a written reservation approval (which may be in the form of electronic mail from the related Eligible Hedged SREC Counterparty) for the payment of Hedged SREC Payments.

  • The Issuer may (i) distribute to the Depositor any Excess SRECs or the Transaction Manager, on behalf of the Issuer, may sell the Excess SRECs, in each case, once the Issuer owns SRECs (other than Excess SRECs) of the applicable vintage and jurisdiction in an amount sufficient to satisfy the SREC delivery requirements under each related Hedged SREC Agreement and (ii) deliver Hedged SRECs to the Hedged SREC Counterparty in accordance with the related Hedged SREC Agreement.

  • On or prior to the Closing Date, the Manager, on behalf of the Issuer, shall have instructed each Hedged SREC Counterparty to cause to be deposited into the Collection Account all payments owed by such Hedged SREC Counterparty under the related Hedged SREC Agreement.


More Definitions of Hedged SREC Counterparty

Hedged SREC Counterparty means the counterparty to the Issuer under a Hedged SREC Agreement, which on the Closing Date is one of the following (together with any of their affiliates so long as such initial counterparty remains liable for the full amount of its obligations under such Hedged SREC Agreement): DTE Energy Trading, Inc., Exelon Generation Company, LLC, Direct Energy Business Marketing, LLC and BP Energy Company.
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Hedged SREC Counterparty means the counterparty to the Issuer under a Hedged SREC Agreement which on the Closing Date is DTE Energy Trading, Inc. (together with any of its affiliates so long as such initial counterparty remains liable for the full amount of its obligations under such Hedged SREC Agreement), or, with respect to any Qualified Substitute Hedged SREC Solar Asset, any Person rated, or guaranteed by an entity rated, investment grade by any of Xxxxx'x, S&P, Xxxxx, Inc., DBRS, Inc. or KBRA.
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Related to Hedged SREC Counterparty

  • Hedging Counterparty means HSBC Bank plc or any Affiliate of HSBC Bank plc or any other party

  • Approved Counterparty means (a) any Lender or any Affiliate of a Lender and (b) any other Person whose long term senior unsecured debt rating is A-/A3 by S&P or Xxxxx’x (or their equivalent) or higher.

  • Hedge Counterparty means a Lender, the Administrative Agent or any of the Lender’s or the Administrative Agent’s affiliates (at the time a hedging agreement is entered into) who has entered into a hedging agreement for the purpose of hedging interest rate liabilities and/or any exchange rate and/or commodity price risks provided it has become a party, or by execution of an additional bank secured party acknowledgment has agreed to be bound by the terms of, to the First Lien Intercreditor Agreement in its capacity as hedge counterparty.

  • Lender Counterparty means each Lender, each Agent and each of their respective Affiliates counterparty to a Hedge Agreement (including any Person who is an Agent or a Lender (and any Affiliate thereof) as of the Closing Date but subsequently, whether before or after entering into a Hedge Agreement, ceases to be an Agent or a Lender, as the case may be) including, without limitation, each such Affiliate that appoints the Collateral Agent as its agent and agrees to be bound by the Credit Documents as a Secured Party, subject to Section 9.8(c).

  • Hedging Agreement Provider means any Person that enters into a Hedging Agreement with a Credit Party or any of its Subsidiaries that is permitted hereunder to the extent such Person is a (a) Lender, (b) an Affiliate of a Lender or (c) any other Person that was a Lender (or an Affiliate of a Lender) at the time it entered into the Hedging Agreement but has ceased to be a Lender (or whose Affiliate has ceased to be a Lender) under the Credit Agreement.

  • Eligible Counterparty means any bank or financial institution (which for these purposes shall include any leading dealer or broker in commodity and commodity index swap transactions) incorporated, domiciled and regulated in an OECD country with a rating equal to the Eligible Counterparty Threshold Rating or higher (or the equivalent rating from any other Rating Agency) or having the benefit of an enforceable guarantee from an Affiliate with a rating equal to the Eligible Counterparty Threshold Rating or higher (or the equivalent rating from any other Rating Agency).

  • Net Hedging Obligations means, as of any date, the Termination Value of any such Hedging Agreement on such date.

  • Interest Hedge Agreement means an interest rate protection agreement that may be entered into between the Borrower and an Interest Hedge Counterparty on or after the Closing Date, for the sole purpose of hedging interest rate risk between the portfolio of Collateral Loans and the Loans, as amended from time to time in accordance with the terms thereof, with respect to which the Rating Condition is satisfied.

  • Secured Hedging Obligations means all Hedging Obligations owing by the U.S. Borrower or any Restricted Subsidiary to the Agent, a Joint Lead Arranger, Co-Documentation Agent or any Affiliate of any of the foregoing or a Person that was a Lender or an Affiliate of a Lender on the Closing Date or at the time the Hedge Agreement giving rise to such Hedging Obligations was entered into.

  • Rate Hedging Obligations of a Person means any and all obligations of such Person, whether absolute or contingent and howsoever and whensoever created, arising, evidenced or acquired (including all renewals, extensions and modifications thereof and substitutions therefor), under (a) any and all Rate Hedging Agreements, and (b) any and all cancellations, buy backs, reversals, terminations or assignments of any Rate Hedging Agreement.

  • Hedging Party means at any relevant time, the Issuer, or any of its affiliates or any other party providing the Issuer directly or indirectly with hedging arrangements in relation to the Notes as the Issuer may select at such time.

  • Hedging Entity means (a) the Issuer or (b) any Affiliate or any entity (or entities) acting on behalf of the Issuer as specified in the applicable Issue Terms that is engaged in any underlying or hedging transactions related to the Equity in respect of the Issuer’s obligations under the Notes.

  • Commodity Hedging Agreements means, in respect of a Person, any commodity purchase contract, commodity futures or forward contract, commodities option contract or other similar contract (including commodities derivative agreements or arrangements), to which such Person is a party or a beneficiary.

  • Eligible Swap Counterparty means an entity, which may be an affiliate of a remarketing agent, engaged in the business of entering into derivative instrument contracts that satisfies the Rating Agency Condition.

  • Secured Swap Agreement means a Swap Agreement between (a) any Loan Party and (b) a Secured Swap Provider.

  • Commodity Hedging Agreement means any forward contract, swap, option, hedge or other similar financial agreement or arrangement designed to protect against fluctuations in commodity prices.

  • Swap Agreement means any agreement with respect to any swap, forward, future or derivative transaction or option or similar agreement involving, or settled by reference to, one or more rates, currencies, commodities, equity or debt instruments or securities, or economic, financial or pricing indices or measures of economic, financial or pricing risk or value or any similar transaction or any combination of these transactions; provided that no phantom stock or similar plan providing for payments only on account of services provided by current or former directors, officers, employees or consultants of the Borrower or the Subsidiaries shall be a Swap Agreement.

  • Interest Rate Hedge Agreement means any swap, cap, collar, forward purchase or similar agreements or arrangements entered into by a Borrower or one of its Affiliates in connection with the Loan Facility for the sole purpose of reducing a Borrower’s exposure to interest rate risk and not for speculative purposes.

  • Hedging Obligation of any Person means any obligation of such Person pursuant to any Interest Rate Agreement, Currency Exchange Protection Agreement or any other similar agreement or arrangement.

  • Rate Hedging Agreement means an agreement, device or arrangement providing for payments which are related to fluctuations of interest rates, exchange rates or forward rates, including, but not limited to, dollar-denominated or cross-currency interest rate exchange agreements, forward currency exchange agreements, interest rate cap or collar protection agreements, forward rate currency or interest rate options, puts and warrants.

  • Swap Agreement Obligations means any and all obligations of the Loan Parties and their Subsidiaries, whether absolute or contingent and howsoever and whensoever created, arising, evidenced or acquired (including all renewals, extensions and modifications thereof and substitutions therefor), under (a) any Swap Agreement permitted hereunder with a Lender or an Affiliate of a Lender, and (b) any cancellations, buy backs, reversals, terminations or assignments of any Swap Agreement transaction permitted hereunder with a Lender or an Affiliate of a Lender.

  • Qualified Counterparty with respect to any Specified Hedge Agreement, any counterparty thereto that, at the time such Specified Hedge Agreement was entered into, was a Lender or an affiliate of a Lender.

  • Hedging Obligations means, with respect to any specified Person, the obligations of such Person under:

  • Hedging Agreements means, collectively, interest rate protection agreements, equity index agreements, foreign currency exchange agreements, option agreements or other interest or exchange rate or commodity price hedging agreements (other than forward contracts for the delivery of power or gas written by the Borrower to its jurisdictional and wholesale customers in the ordinary course of business).