Hedging Debt definition

Hedging Debt means all present and future moneys, debts and liabilities due, owing or incurred by any Obligor to any Hedging Bank under or in connection with any Hedging Document (in each case, whether alone or jointly, or jointly and severally, with any other person, whether actually or contingently, and whether as principal, surety or otherwise) together with any related Additional Debt.

Hedging Debt means, subject to Clause 4.2 (Hedging Agreements), all present and future moneys, debts and liabilities due, owing or incurred from time to time by the Company to any Hedge Counterparty under or in connection with any Hedging Agreement.

Hedging Debt means all liabilities payable to a Hedge Counterparty under or in connection with any Hedging Document. Hedging Document means any document entered into between the Company and a Hedge Counterparty for the purpose of implementing the hedging strategy required by the Hedging Letter.

Examples of Hedging Debt in a sentence

• Except if otherwise provided in this Agreement, all Security created pursuant to any Secured Finance Document will be provided with first priority in respect of Secured Debt (pari passu between the Notes Debt, any New Debt and the Hedging Debt), subject to Clause 3.1 (Ranking of Secured Debt) and the other terms of this Agreement.

• Unless expressly provided to the contrary in this Agreement, the Secured Debt shall rank pari passu in priority between the Notes Debt, any Hedging Debt and any New Debt.

• A person is a Hedge Counterparty and is entitled to share in any Transaction Security in respect of any Hedging Debt only if that party delivers to the Security Agent a duly completed and signed Accession Agreement and the Security Agent executes such Accession Agreement.

• A person is a Hedge Counterparty and is entitled to share in any Transaction Security and the Guarantees in respect of any Hedging Debt only if the person is a financial institution selected by the Company, provided that that financial institution delivers to the Security Agent a duly completed and signed Accession Agreement and the Security Agent executes such Accession Agreement.

• This Deed, the Security Documents and the Note Security Documents (a) are intended to secure the 2025 Obligations equally and rateably with the Senior Secured Debt and Hedging Debt and otherwise comply with Section 1009 of the 2025 Indenture and the Senior Facility Agreement and (b) shall be construed and enforced as provided in this Deed to give effect to such intention.

More Definitions of Hedging Debt

Hedging Debt means hedging transactions entered into by a Group Company in respect of payments to be made under the Bonds or for hedging exposures (including hedging exposures in relation to fluctuation in currency rates) arising in the ordinary course of business, but not for speculative or investment purposes, to the extent the hedging counterparty has acceded to the Intercreditor Agreement and as further defined in the Intercreditor Agreement.

Hedging Debt means, all present and future moneys, debts and liabilities due, owing or incurred by the Issuer to the Hedging Bank under or in connection with any derivative or hedging transactions entered into with the Hedging Bank pursuant to the Hedging Documents (as defined in the Notes Trust Deed);

Hedging Debt means all present and future moneys, debts and liabilities due, owing or incurred from time to time by any ICA Group Company to any Hedge Counterparty under or in connection with any Hedging Agreement, all as defined in the Intercreditor Principles and/or the Intercreditor Agreement (as applicable).

Hedging Debt has the meaning given to it in the Priority Agreement.

Hedging Debt means all present and future moneys, debts and liabilities due, owing and/or incurred by any Obligor to any Hedging Bank in connection with any Hedging Contract (in each case, whether alone or jointly, or jointly and severally, with any other person, whether actually or contingently, and whether as principal, surety or otherwise) determined pursuant to the respective Hedging Contract. Hedging Exposure means, as at any relevant date, the aggregate of the amount certified by each of the Hedging Banks to the Security Agent to be the net amount in dollars (a) in relation to all Hedging Contracts that have been closed out on or prior to the relevant date, that is due and owing by the Borrower to the Hedging Banks (or, to the extent that such amount is due and owing by the Hedging Banks to the Borrower, which amount shall be expressed as a negative amount) in respect of such Hedging Contracts on the relevant date and (b) in relation to all Hedging Contracts that are continuing on the relevant date, that would be payable by the Borrower to the Hedging Banks (or, to the extent that such amount would be payable by the Hedging Banks to the Borrower, which amount shall be expressed as a negative amount) under (and calculated in accordance with) the early termination provisions of the Hedging Contracts as if an Early Termination Date (as defined in the Hedging Master Agreements) had occurred on the relevant date in relation to all such continuing Hedging Contracts.

Hedging Debt means all present and future moneys, debts and liabilities due, owing and/or incurred by the Borrower to any Hedging Bank in connection with any Hedging Contract (in each case, whether alone or jointly, or jointly and severally, with any other person, whether actually or contingently, and whether as principal, surety or otherwise) determined pursuant to the respective Hedging Contract. Hedging Exposure means, as at any relevant date, the aggregate of the amount certified by each of the Hedging Banks to the Security Agent to be the net amount in dollars (a) in relation to all Hedging Contracts that have been closed out on or prior to the relevant date, that is due and owing by the Borrower to the Hedging Banks (or, to the extent that such amount is due and owing by the Hedging Banks to the Borrower, which amount shall be expressed as a negative amount) in respect of such Hedging Contracts on the relevant date and (b) in relation to all Hedging Contracts that are continuing on the relevant date, that would be payable by the Borrower to the Hedging Banks (or, to the extent that such amount would be payable by the Hedging Banks to the Borrower, which amount shall be expressed as a negative amount) under (and calculated in accordance with) the early termination provisions of the Hedging Contracts as if an Early Termination Date (as defined in the Hedging Master Agreements) had occurred on the relevant date in relation to all such continuing Hedging Contracts.

Hedging Debt means have the meaning provided for in the definition "Obligations". Indebtedness shall mean, without duplication, all liabilities, contingent or otherwise, which are any of the following: (1) obligations in respect of borrowed money or for the deferred purchase price of property, services or assets, other than Inventory, or (2) lease obligations which, in accordance with GAAP, have been, or which should be capitalized.