Hedging Counterparties definition
Examples of Hedging Counterparties in a sentence
Each of the Guarantors waives any defense arising out of any such election by the Administrative Agent or any of the Lenders, Treasury Management Counterparties or Secured Hedging Counterparties even though such election operates to impair or extinguish any right of reimbursement or subrogation or other right or remedy of the Guarantors against the Borrower or any other party or any security.
Each of the Lenders and the Hedging Counterparties agrees that it shall not assert or seek to assert against any director, officer or employee of any of the Agents or any of the GCLAs any claim it might have against any of them.
For purposes of this Section, the Administrative Agent acts in its own name and not as trustee or agent of any of the Lenders, the Hedging Counterparties or the Lender Affiliates and its claims in respect of the Parallel Debt shall not be held in trust.
References in this Deed to the Facility Agent, the Lenders, the High Yield Hedging Banks, the Senior Hedging Banks, the Borrowers, the Guarantors, the Security Providers, the Charging Entities, the High Yield Hedging Counterparties, the Subordinated Creditors or the Security Agent and references to the obligations or liabilities of such person shall be strictly construed as references to any such person or (as the case may be) obligations or liabilities of any such person solely in its capacity as such.
To the extent the Administrative Agent receives any amount in payment of the Parallel Debt of a Relevant Obligor, the Administrative Agent shall distribute such amount among the Lenders, Hedging Counterparties and Lender Affiliates who are creditors of the Principal Obligations of such Relevant Obligor in accordance with the applicable provisions of this Agreement and the other Loan Documents.