Hedging Loan definition

Hedging Loan has the meaning given such term in Section 2.2 below.
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Hedging Loan means a loan in one currency incurred by the Borrower or a Subsidiary to purchase another currency when such purchased currency (or temporarily the borrowed currency) is then pledged to the lender to secure such loan.
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Hedging Loan means a Loan the principal amount of which is to be posted as cash collateral to support the hedging and trading of safe-harbored energy contracts.
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Examples of Hedging Loan in a sentence

  • Borrower’s obligation to repay the Hedging Loan, with interest, if any, thereon, shall be evidenced by the ISDA Agreement.

  • Any Energy Hedging LC Disbursement not reimbursed by the Borrower on the date of such Energy Hedging LC Disbursement shall constitute an Energy Hedging Loan until paid in accordance with the preceding sentence, which Energy Hedging Loan shall accrue interest at an Interest Rate referred to in clause (h) below.

  • Any then-outstanding interest on the Hedging Loan shall be due and payable not later than the Maturity Date (Hedging).

  • Interest accrued on the Hedging Loan shall be due and payable on demand from BOK to Borrower, with any remaining balance of such interest being due and payable not later than the Maturity Date (Hedging).

  • The GAC also advises the GCRC PI and the Program Director regarding overall center priorities and direction.

  • Any payment made by an Energy Hedging Lender pursuant to this paragraph to reimburse the applicable Energy Hedging Issuing Bank for any Energy Hedging LC Disbursement (other than the funding of ABR Revolving Loans as contemplated above) shall not constitute an Energy Hedging Loan and shall not relieve the Borrower of its obligation to reimburse such Energy Hedging LC Disbursement.

  • Each such notice shall specify (i) the principal amount of the Loan requested, (ii) the proposed Funding Date of such Loan and (iii) whether the Loan requested is a Hedging Loan.

  • If any Default or Event of Default shall occur and be continuing, the obligation of BOK to make Advances, to issue Letters of Credit and to extend credit under the Hedging Loan shall terminate immediately.

  • Hedging Loans If on any Calculation Date the Servicer determines that the Borrower has insufficient funds to enable it to pay any amount that it is required to pay under one or more of the Issuer/Borrower Loan Swap Transactions (excluding any termination payments), then the Servicer shall notify the Issuer of such insufficiency on behalf of the Borrower and the Issuer shall utilise the Liquidity Facility to make a loan to the Borrower to enable it to pay such amount (a "Hedging Loan").

  • The failure of any Energy Hedging Lender to make any Energy Hedging Loan required to be made by it shall not relieve any other Energy Hedging Lender of its obligations hereunder; provided that the Energy Hedging Commitments of the Energy Hedging Lenders are several and no Energy Hedging Lender shall be responsible for any other Energy Hedging Lender’s failure to make Energy Hedging Loans as required.

Related to Hedging Loan

  • Hedging Arrangement means a hedge, call, swap, collar, floor, cap, option, forward sale or purchase or other contract or similar arrangement (including any obligations to purchase or sell any commodity or security at a future date for a specific price) which is entered into to reduce or eliminate or otherwise protect against the risk of fluctuations in prices or rates, including interest rates, foreign exchange rates, commodity prices and securities prices.

  • Bridging Loan means a credit facility granted for the purchase of Residential Property by the Borrower, pending the receipt of proceeds from the sale of another Residential Property owned or co-owned by the Borrower, under which any balance outstanding shall be repaid within six months;

  • Revolving Loan Obligations means any Obligations with respect to the Revolving Loans (including without limitation, the principal thereof, the interest thereon, and the fees and expenses specifically related thereto).

  • 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 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.

  • Rate Hedging Agreement means an agreement, device or arrangement providing for payments which are related to fluctuations of interest rates, exchange rates or forward rates, including, but not limited to, dollar-denominated or cross-currency interest rate exchange agreements, forward currency exchange agreements, interest rate cap or collar protection agreements, forward rate currency or interest rate options, puts and warrants.

  • 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.

  • Hedge Agreement means any interest rate, currency or commodity swap agreements, cap agreements, collar agreements, floor agreements, exchange agreements, forward contracts, option contracts or similar interest rate or currency or commodity hedging arrangements.

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

  • 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.

  • Rate Hedging Obligations of a Person means any and all obligations of such Person, whether absolute or contingent and howsoever and whensoever created, arising, evidenced or acquired (including all renewals, extensions and modifications thereof and substitutions therefor), under (a) any and all Rate Hedging Agreements, and (b) any and all cancellations, buy backs, reversals, terminations or assignments of any Rate Hedging Agreement.

  • Interest Rate Hedging Agreement means any interest rate protection agreement or other interest rate hedging arrangement.

  • 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 Provider any Person that has entered into a Hedging Agreement with a Grantor with the obligations of such Grantor thereunder being secured by one or more Loan Documents, as designated by the Borrower in accordance with Section 8.4 hereof (provided that no Person shall, with respect to any Hedging Agreement, be at any time a Hedging Provider with respect to more than one Credit Facility).

  • Interest Rate Hedging Agreements means, with respect to any Person, the obligations of such Person under (i) interest rate swap agreements, interest rate cap agreements and interest rate collar agreements and (ii) other agreements or arrangements designed to protect such Person or any of its Subsidiaries against fluctuations in interest rates.

  • Hedging Party means at any relevant time, the Issuer, or any of its affiliates or any other party providing the Issuer directly or indirectly with hedging arrangements in relation to the Notes as the Issuer may select at such time.

  • Interest Rate Hedge Agreement any interest rate swap agreement, interest rate cap, collar or other arrangement between the Borrower and a Hedge Provider, consisting of a “Master Agreement” in a form published by the International Swaps and Derivatives Association, Inc., together with a “Schedule” thereto in substantially such form as the Program Agent shall have approved, each “Confirmation” thereunder confirming the terms of each transaction thereunder and any credit support annex and schedule thereto.

  • 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:

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

  • Hedge Agreements means interest rate swap, cap or collar agreements, interest rate future or option contracts, currency swap agreements, currency future or option contracts and other similar agreements.

  • Term Loan Obligations means the “Obligations” as defined in the Term Loan Credit Agreement.

  • Swap Agreement Obligations means any and all obligations of the Loan Parties and their Subsidiaries, whether absolute or contingent and howsoever and whensoever created, arising, evidenced or acquired (including all renewals, extensions and modifications thereof and substitutions therefor), under (a) any and all Swap Agreements permitted hereunder with a Lender or an Affiliate of a Lender, and (b) any and all cancellations, buy backs, reversals, terminations or assignments of any such Swap Agreement transaction.

  • Overdraft Obligations means, with respect to any Portfolio, the amount of any outstanding Overdraft(s) provided by the Custodian to such Portfolio together with all accrued interest thereon.

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

  • Secured Hedging Obligations means all debts, liabilities and obligations of the Borrower or any Restricted Subsidiary in respect of any Secured Hedging Agreement.

  • Canadian Revolving Loan means Loans made by a Lender in respect of its Canadian Revolving Commitment to the U.S. Borrower pursuant to Section 2.02(c) and/or Section 2.24.