Hedging Costs definition

Hedging Costs means the hedging costs between the reference currency of the Unit class and the base currency of the Sub-fund, corresponding to the difference (in percentage terms), on each Valuation Date, between (i) the price of the 3-month maturity exchange rate between the reference currency of the Unit class and the base currency of the Sub-fund, and (ii) the spot rate of the same exchange rate.

Hedging Costs means any amount falling due from the Borrower under a Hedging Agreement except for any Hedging Termination Payment.

Hedging Costs means an amount equal to the aggregate costs to the Issuer and/or its affiliates (if any) of terminating, transferring, liquidating, obtaining or re-establishing any swap agreement, financing arrangement or other hedging transaction entered into by or on behalf of the Issuer in relation to the issuance of the Notes, as determined by the Issuer in its sole and absolute discretion.

Examples of Hedging Costs in a sentence

• If Adjustment for Hedging Costs is specified in the applicable Issue Terms, the Optional Redemption Amount will be adjusted to take account of any Hedging Costs.

• Hedging Costs relating to Foreign Exchange Risk The value of certain of the Fund's investments may be expressed in a currency other than the currency of the Shares, creating a risk that movements in the exchange rate between the two currencies may adversely affect the value of the Fund's investments.

• 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.

• Initial Hedging Costs shall be expressed in USD and the calculation thereof shall include all losses and costs that are incurred by Citi in establishing and unwinding such Hedging Transactions (expressed as a positive number) all gains that are realized by Citi in unwinding such Hedging Transactions (expressed as a negative number).

• On the Repricing Date a Programme Preference Shareholder that holds all the Programme Preference Shares in issue shall determine whether a change in its Hedging Costs has occurred.

More Definitions of Hedging Costs

Hedging Costs means an amount equal to the aggregate costs, fees, expenses or taxes to or incurred by the Issuer and/or its Affiliates of terminating, transferring or liquidating any underlying assets and/or related hedging, funding or other transaction related to the issuance of the Notes or their redemption, as determined by the Issuer in its sole and absolute discretion, including, without limitation, any related hedging transactions, interest rate transactions or currency transactions.

Hedging Costs means any cost, loss or expense incurred by the Lender, following an Event of Default, as a result of establishing, terminating, liquidating, obtaining or re-establishing any hedge or related trading position in respect of its risks arising out of the Loan Documents in circumstances where the Collateral Agent is unable to liquidate, dispose of or otherwise realize Collateral in a timely manner.

Hedging Costs means the losses, expenses and costs (if any) incurred by DBS of unwinding, terminating, liquidating, adjusting, obtaining, replacing or re-establishing any underlying or related hedging arrangements (including, but not limited to, any options or selling or otherwise realising any instruments of any type whatsoever which DBS may hold as part of such hedging arrangements), all as calculated by DBS acting in good faith and in a commercially reasonable manner.

Hedging Costs means the losses, expenses and costs (if any) incurred by the Bank of unwinding, terminating, liquidating, adjusting, obtaining, replacing or re-establishing any underlying or related hedging arrangements (including, but not limited to, any options or selling or otherwise realising any instruments of any type whatsoever which the Bank may hold as part of such hedging arrangements), all as calculated by the Bank acting in good faith and in a commercially reasonable manner.

Hedging Costs means any costs associated with any transaction or trading position entered into or held by the Programme Preference Shareholder to hedge, directly or indirectly, the Programme Preference Shareholder’s returns (whether in whole or in part) in respect of the Programme Preference Shares.

Hedging Costs means, notwithstanding any provisions in the General Conditions, in respect of the Early Redemption Amount, Optional Redemption Amount, Final Redemption Amount, Auction Cash Settlement Amount, Partial Cash Settlement Amount, Credit Event Redemption Amount or any other amount specified in the applicable Issue Terms to be subject to adjustment for Hedging Costs (each a “Relevant Redemption Amount”) or the Asset Amount, as the case may be (a) the Issuer’s losses, expenses and costs (if any), including any loss of bargain or cost of funding (in which case the Relevant Redemption Amount will be adjusted downward by its pro rata share of such losses, expenses and costs or the Asset Amount may be reduced as provided in paragraph 2 (Physical Settlement) above), provided that the Relevant Redemption Amount shall not be less than zero or(b) the Issuer’s gain in which case the Relevant Redemption Amount will be adjusted upward by its pro rata share of such gain or, as the case may be, a payment will be made by the Issuer to the Securityholder of such pro rata share of the gain in respect of the Asset Amount, as the case may be, in each case to the Issuer and/or any Affiliate of unwinding, terminating, liquidating, adjusting, obtaining, replacing, settling or re-establishing any Hedging Arrangements (if any) (including but not limited to any options, currency and derivative trades or selling or otherwise realising any instruments of any type whatsoever which the Issuer and/or any of its Affiliates may hold as part of such Hedging Arrangements (if any)), all as calculated by the Calculation Agent.

Hedging Costs means such amount (if any) determined by the Determination Agent (after consultation with the Funding Swap Counterparty), by reference to the loss or cost to the Funding Swap Counterparty or its Affiliates of entering into or otherwise establishing any underlying Related Positions in order to hedge (including with respect to associated interest rate risk) its obligation to pay a greater Final Exchange Amount under the Total Return Funding Swap as a result of the Profit Lock-In Amount determined on the relevant Profit Lock-In Date (assuming the Discount Factor did not already account for such Hedging Costs);