Hedging Affiliate definition
Examples of Hedging Affiliate in a sentence
Upon being so designated by the Parent Borrower, such Bank Products Affiliate or Hedging Affiliate (as the case may be) shall be a Non-Lender Secured Party for the purposes of this Agreement for as long as so designated by the Parent Borrower.
Upon being so designated by the Parent Borrower, such Bank Products Affiliate or Hedging Affiliate (as the case may be) shall be a Non-Lender Secured Party for the purposes of this Agreement for as long as so designated by the Parent Borrower; provided that, at the time of the Parent Borrower’s designation of such Non-Lender Secured Party, the obligations of any Grantor under the applicable Hedging Agreement or Bank Products Agreement have not been designated as Cash Flow Collateral Obligations.
The Toronto Dominion Bank is entering into this Agreement in its capacity as a lender and agent under the Credit Agreement and as agent for and on behalf of any Lender (including The Toronto Dominion Bank) or Hedging Affiliate which is a counterparty to any Lender Financial Instrument with any Debtor.
These principles also apply to any relevant provision under any other Loan Document, including any Hedging Agreement entered into with any Hedging Affiliate, and any Bank Products Agreement entered into with any Bank Products Affiliate).
No Lender or Hedging Affiliate will obtain any additional security for the payment of the Obligations of the Borrower under this Agreement or for the payment of Hedging Obligations, unless such security will form and become part of the Security.