Hedging Prepayment Proceeds definition

Hedging Prepayment Proceeds means any amount payable to a Borrower as a result of termination or closing out under a Hedging Agreement.

Hedging Prepayment Proceeds means any Hedge Receipts arising as a result of termination or closing out under a Hedging Agreement.

Hedging Prepayment Proceeds means any amount payable to a Borrower as a result of termination or closing out under an Interest

Examples of Hedging Prepayment Proceeds in a sentence

• Any Hedging Prepayment Proceeds arising as a result of any cancellation or prepayment under this Agreement shall, following payment into the applicable Operating Account in accordance with Clause 28.1 (Payment of Earnings), be applied on the last day of the Interest Period which ends on or after such payment in, in prepayment of the Loan and shall reduce in chronological order the amount of each Repayment Instalment falling after that prepayment by the amount prepaid.

• Any Hedging Prepayment Proceeds arising as a result of any cancellation or prepayment under this Agreement shall, following payment into the Earnings Account in accordance with Clause 28.1 (Payment of Earnings), be applied on the last day of the Interest Period which ends on or after such payment in, in prepayment of the Loan and shall reduce pro rata the amount of each Repayment Instalment falling after that prepayment by the amount prepaid.

• Any Hedging Prepayment Proceeds arising as a result of any cancellation or prepayment under this Agreement shall, following payment into the relevant Earnings Account in accordance with Clause 26.2 (Payment of Earnings), be applied on the last day of the next Interest Period for the Loan which ends after such payment in, in prepayment of the Loan.

• Any Hedging Prepayment Proceeds arising as a result of any cancellation or prepayment under this Agreement shall, following payment into the Earnings Account in accordance with 30.1 (Payment of Earnings), be applied on the last day of the Interest Period for the Loan which ends on or after such payment in, in prepayment of the Loan and shall reduce pro rata the amount of each Repayment Instalment falling after that prepayment by the amount prepaid.

• At any time following the occurrence of an Event of Default, any Hedging Prepayment Proceeds arising as a result of any cancellation or prepayment under this Agreement shall, following payment into the relevant Earnings Account in accordance with Clause 25.2 (Payment of Earnings), be applied in prepayment of the Loan against the Repayment Instalments and the Balloon Instalment, pro rata.

• Any Hedging Prepayment Proceeds arising as a result of any cancellation or prepayment under this Agreement shall, following payment into the Earnings Account in accordance with Clause 30.1 (Payment of Earnings), be applied on the last day of the Interest Period which ends on or after such payment in, in prepayment of the Loan and shall reduce pro rata the amount of each Repayment Instalment falling after that prepayment by the amount prepaid.

More Definitions of Hedging Prepayment Proceeds

Hedging Prepayment Proceeds means any amount payable to the Issuer periodically under any Hedging Agreement and/or as a result of termination or closing out under a Hedging Agreement, other than any Excluded Hedging Prepayment Proceeds;

Hedging Prepayment Proceeds means any Hedge Receipts arising as a result of termination or closing out under a Hedging Agreement. "Historic Term SOFR" means, in relation to any Term SOFR Loan, the most recent applicable Term SOFR for a period equal in length to the Interest Period of that Term SOFR Loan and which is as of a day which is no more than five US Government Securities Business Days before the Quotation Day. "HMT" means His Majesty's Treasury. "Holding Company" means, in relation to a person, any other person in relation to which it is a Subsidiary. "IFRS" means international accounting standards within the meaning of the IAS Regulation 1606/2002 to the extent applicable to the relevant financial statements. "Inventory of Hazardous Materials" means, in relation to a Ship, an inventory certificate or statement of compliance (as applicable) issued by the relevant classification society or shipyard authority which is supplemented by a list of any and all materials known to be potentially hazardous utilised in the construction of, or otherwise installed on, that Ship, pursuant to the requirements of the EU Ship Recycling Regulation. "Indemnified Person" has the meaning given to it in Clause 14.2 (Other indemnities). "Insolvency Event" in relation to an entity means that the entity:

Hedging Prepayment Proceeds means any amount payable to any Borrower as a result of termination or closing out under a Hedging Agreement.