Hedging Letter definition

Hedging Letter means a letter dated on or about the date of this Agreement between the Arranger and the Company setting out the hedging strategy agreed in relation to Facility A.

Hedging Letter means a letter dated on or about the date of the Credit Agreement between KDG, the Mandated Lead Arranger and the Facility Agent relating to the interest and currency hedging to be effected by the Group and any other letter designated as such by KDG and the Facility Agent which amends or supplements the terms of that letter.

Hedging Letter means a letter entered into within three months after the first Utilisation (as amended from time to time with the approval of all the Lenders), between the Arranger and the Company, setting out the interest rate and/or currency hedging strategy agreed in relation to the Facilities in connection with Clause 23.19 (Hedging).

Examples of Hedging Letter in a sentence

• The Company shall ensure that all interest rate and currency hedging arrangements required by the Hedging Letter are implemented in accordance with the terms of the Hedging Letter and that (subject to the application of any grace period set out in paragraph (c)(ii)(B) of Clause 26.1 (Restrictions on enforcement by Hedge Counterparties)) such arrangements are not terminated, varied or cancelled without the consent of the Agent (acting on the instructions of the Majority Lenders).

• In determining whether any guarantee will be provided under Clause 19.1 (Guarantee and indemnity) (a “Guarantee”) and Security will be provided in support of the Facility (and any related hedging arrangements in respect of the types of liabilities and/or risks which the Hedging Letter requires to be hedged) the following matters will be taken into account.

• The Borrower shall at all times be the account party under any Energy Hedging Letter of Credit and all Energy Hedging Letters of Credit shall be issued in a form reasonably acceptable to the Borrower, the Facility Agent and such Energy Hedging Issuing Bank.

• The Company shall ensure that all exchange rate and interest rate hedging arrangements required by the Hedging Letter are implemented in accordance with the terms of the Hedging Letter and that such arrangements are not terminated, varied or cancelled without the prior written consent of the Agent save as permitted by the terms of the Intercreditor Deed.

• Each Energy Hedging Issuing Bank in respect of an Energy Hedging Letter of Credit shall, promptly following its receipt thereof, examine all documents purporting to represent a demand for payment under such Energy Hedging Letter of Credit.

More Definitions of Hedging Letter

Hedging Letter means the letter dated on or before the date of this Agreement and made between the Company, the MLABs and the Agent describing the hedging arrangements to be entered into in respect of the interest rate and currency liabilities of the Company in relation to the Term Facility. Holdco means CSP Alpha Holdings Parent Pte. Ltd., a company incorporated in Singapore with registration number 201725081Z and registered office at 000 Xxxxxxxx Xxxx, #10-01 Singapore Business Xxxxxxxxxx Xxxxxx, Xxxxxxxxx 000000.

Hedging Letter is defined in Section 4.20.

Hedging Letter means any letter (if any) agreed (or to be agreed) between the Agent on behalf the Lenders and the Borrower setting out the conditions on which the Borrower may enter into any Hedging Agreement from time to time.

Hedging Letter means the letter dated on or before the date of this Agreement and made between the Arrangers and the Company describing the hedging arrangements to be entered into in respect of the interest rate liabilities of the Borrowers of, and in relation to, the Relevant Debt.

Hedging Letter means the hedging letter from the Company to the Facility Agent dated on or about 27 May 2011 which sets out the Group’s hedging policy.

Hedging Letter means the letter dated on or before the date of the Senior Facilities Agreement and made between the arranger named therein and the Issuer describing the hedging arrangements to be entered into in respect of the interest rate liabilities of the Issuer of, and in relation to, the Senior Facilities Agreement;

Hedging Letter means the letter dated on or about the date of this Agreement from MGG to the Arrangers and the Mezzanine Arrangers, setting out the interest rate hedging requirements to be implemented by the MGG Group.