Hedging Cost definition

Hedging Cost or "hc" means the percentage specified as such in the table below. If at any time after the Listing Date the cost of hedging the Securities materially exceeds such specified percentage, the Calculation Agent, acting in good faith and in a commercially reasonable manner, may adjust the Hedging Cost to reflect this change, save that the Hedging Cost will not be less than the Minimum Hedging Cost and will not exceed the Maximum Hedging Cost;
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Hedging Cost means 1.20%.
Sample 1
Hedging Cost means any amount payable to or by the Borrower under a Hedging Agreement other than Hedging Termination Payments.
Sample 1

Examples of Hedging Cost in a sentence

  • The Calculation Agent may adjust the Interest Margin, acting in good faith and in a commercially reasonable manner, to reflect any disparity between the Reference Interest Rate and the Issuer's funding rate, save that the Interest Margin will not be less than -5% p.a. and will not exceed 5% p.a. hc Hedging Cost: 0% p.a .on the Issue Date.

  • If at any time after the Commencement Date the cost of hedging the Securities materially exceeds such specified percentage, the Calculation Agent, acting in good faith and in a commercially reasonable manner, may adjust the Hedging Cost to reflect this change, save that the Hedging Cost will not be less than -10%p.a. and will not exceed 10% p.a.

  • As soon as reasonably practicable upon the occurrence of a PRC Tax Decision, the Calculation Agent shall make such adjustments as it may deem appropriate to the calculation of the Provisional Hedging Cost as set out in Condition 6(c) above on the basis of the consequence of the PRC Tax Decision going forward.

  • Should a change in the Hedging Costs have occurred, then such Programme Preference Shareholder shall deliver a notice (“the Change in Hedging Cost Notice”) to the Issuer and state the change in the Margin (“Adjusted Margin”), calculated upwards or downwards to place the Programme Preference Shareholder in the same economic position in respect of the Programme Preference Shares as it would have been had the change in Hedging Costs not occurred.

  • The Hedging Cost might be significantly higher than the Commission Rate and could represent a significant percentage of the market value of the Notes.

  • Hedging Cost “Hedging Cost” means the aggregate of the fixed amounts payable by the Protection Buyer in respect of the relevant Fixed Rate Payer Calculation Period in respect of the Class A Tranche, the Class B Tranche, the Class C Tranche, the Class D Tranche and the Class E Tranche.

  • The Hedging Cost is determined on on-going basis depending on the actual market conditions and the creditworthiness of Société Générale.

  • Should the level of the Index increase compared to its level on the Issue Date, the market value of the Notes will increase simultaneously (except to the extent of the Commission Rate and Hedging Cost).

  • As soon as practicable upon the occurrence of a Tax Decision, the Calculation Agent shall make such adjustments as it may deem appropriate to the calculation of the Provisional Hedging Cost as set out in Condition 6(c) above on the basis of the consequence of the Tax Decision going forward.

  • The Hedging Cost might significantly impact the performance of the Notes.


More Definitions of Hedging Cost

Hedging Cost means the actual out-of-pocket cost of Hedging Options purchased by the Buyer with respect to sales of precious metals by the Seller prior to the Effective Time for which Buyer receives payment on or after the Effective Time
Sample 1
Hedging Cost means, in relation to the Issuer as Hedging Party and (i) all outstanding Notes falling due to be redeemed under Conditions 4 (b) (Redemption for Tax Reasons) or (c) (Redemption at the Option of the Issuer) or (ii) any Note which has become due and payable under Condition 8 (Events of Default and Enforcement), in either case before the Maturity Date, an amount in euro per Note as determined by the Calculation Agent equal to portion attributable to one Note of the aggregate actual cost to the Issuer as Hedging Party of unwinding or disposing of any transaction it has entered into, or any asset it holds, in either case, in whole or (in the case of (ii) above) in part, for the purpose of hedging its exposure to price variations of the Basket inherent in its obligations under the Notes.A “Hedging Event” will be deemed to occur if the Issuer or any affiliate (a “Hedging Party”) is unable (including by reason of illegality), or if it is impractical for a Hedging Party, after using commercially reasonable efforts, to (i) acquire, establish, re- establish, substitute, maintain, unwind or dispose of any transaction or asset it deems necessary or appropriate to hedge its exposure to price variations of the Basket inherent in its obligations, in the case of the Issuer, under the Notes or, in the case of an affiliate, under any transaction pursuant to which it hedges the Issuer’s exposure to the Basket under the Notes, or (ii) realize, recover or remit to any person the proceeds of any such transaction or asset. An “Illegality Event” will be deemed to occur if it is, or will become, unlawful for the Issuer to maintain the Notes in issue or to perform or comply with any one or more of its material obligations under the Notes.
Sample 1

Related to Hedging Cost

  • 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).

  • Hedging Arrangements means, with respect to any Person, any agreements or other arrangements (including interest rate swap agreements, interest rate cap agreements and forward sale agreements) entered into to protect that Person against changes in interest rates or the market value of assets.

  • Hedging Agreement means any interest rate protection agreement, foreign currency exchange agreement, commodity price protection agreement or other interest or currency exchange rate or commodity price hedging arrangement.

  • Hedging Contract means (a) any agreement providing for options, swaps, floors, caps, collars, forward sales or forward purchases involving interest rates, commodities or commodity prices, equities, currencies, bonds, or indexes based on any of the foregoing, (b) any option, futures or forward contract traded on an exchange, and (c) any other derivative agreement or other similar agreement or arrangement.

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

  • Breakage Costs shall have the meaning set forth in Section 2.2.3(h) hereof.

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

  • Hedging Disruption means that the Issuer is unable, after using commercially reasonable efforts, to (A) acquire, establish, re-establish, substitute, maintain, unwind or dispose of any transaction(s) or asset(s) it deems necessary to hedge the risk of issuing and performing its obligations with respect to the Securities, or (B) realise, recover or remit the proceeds of any such transaction(s) or asset(s).

  • Hedging Obligation means, with respect to any Person, any liability of such Person under any Hedging Agreement.

  • Hedging Event means, with respect to the Notes, the occurrence of an event that has a material adverse effect on Royal Bank’s ability to place, maintain or modify any hedge, including without limitation: