Hedging Master Agreement definition
Examples of Hedging Master Agreement in a sentence
No Obligor may assign any of its rights or transfer any of its rights or obligations under the Finance Documents (other than the Hedging Contracts or any Hedging Master Agreement (unless prohibited in those documents)).
All the rights, remedies and powers vested in the Security Agent hereunder shall be in addition to and not a limitation of any and every other right, power or remedy vested in the Security Agent or any other Finance Party under the Loan Agreement, the Hedging Master Agreement, this Deed, the other Finance Documents or any such Collateral Instrument or at law and that all the powers so vested in the Security Agent may be exercised from time to time and as often as the Security Agent may deem expedient.
Termination Date (as defined in any Hedging Master Agreement) has occurred or been or become capable of being effectively designated under any Hedging Contract.
An Event of Default (as defined in any Hedging Master Agreement) has occurred and is continuing under any Hedging Contract.
Except with approval (which approval shall not be unreasonably withheld or delayed) or as required by clause 28.3 (Unwinding of Hedging Contracts), any Hedging Master Agreement and the Hedging Contracts shall not be varied.
For the avoidance of doubt, Clause 12 (No Set-Off or Tax Deduction; Tax Indemnity; FATCA) does not apply in respect of sums due from any Obligor to a hedge counterparty under or in connection with a Hedging Master Agreement as to which sums the provisions of Section 2(d) (Deduction or Withholding for Tax) of that Hedging Master Agreement shall apply.
Except with approval (which approval shall not be unreasonably withheld or delayed) or as required by clause 29.2 (Unwinding of Hedging Contracts), any Hedging Master Agreement and the Hedging Contracts shall not be varied.
Except with the approval of the Facility Agent (or as required under clause 30.6 (Unwinding of Hedging Contracts), no Hedging Master Agreement or Hedging Contract shall be varied provided that, to the extent that any adjustment is made under clause 6.3, no such approval shall be required to vary the profile of any Hedging Transaction to match such adjustment.
The Borrower shall deliver evidence to the Agent not later than 30 days after the Utilisation Date that each Hedging Contract (other that any Hedging Master Agreement required to be delivered to the Agent in terms of paragraph 5 (Hedging Master Agreements and Hedging Contract Security) of Part 1 to Schedule 3 (Conditions Precedent)) has been executed by the Borrower and each Hedging Provider.
Except with approval or as required by clause 29.2 (Unwinding of Hedging Contracts), the Hedging Master Agreement and the Hedging Contracts shall not be varied.