Hedging Requirements definition

Hedging Requirements means the requirements contained in Exhibit D.

Hedging Requirements has the meaning set forth in Section 5.03.

Hedging Requirements means the requirements described in Exhibit G to the Note Purchase Agreement.

Examples of Hedging Requirements in a sentence

• To the extent that the Issuer fails to purchase or cause to be purchased Hedging Agreements in the timeframe required by the Hedging Requirements, the Administrative Agent is authorized to obtain such Hedging Agreement on behalf of the Borrower and to withdraw from the Hedge Reserve Account, to the extent of funds available therein, the applicable Hedging Agreement premium and to pay such amount to the related Hedge Counterparty.

• If on any Determination Date, Borrowing Date or Distribution Date, the Borrower has revoked its election, in whole or in part, to fund the Hedge Reserve Account, provided that the Borrower has otherwise complied with the Hedging Requirements, amounts on deposit in the Hedge Reserve Account shall be deposited in the Collection Account as Available Funds.

• The Borrower may also on any Distribution Date or Borrowing Date, revoke its option to fund the Hedge Reserve Account at any time by sending written notice to the Servicer, the Administrative Agent and the Lenders; provided that at the time of such full or partial revocation, the Hedging Requirements have been satisfied.

• The Transferor shall at all times maintain in full force and effect the Eligible Interest Rate Caps or any other hedging agreements in accordance with the Hedging Requirements specified on Exhibit G hereto.

• Any Cap Agreement is terminated and a replacement Cap Agreement is not put into place within 30 days of such termination in compliance with the Minimum Hedging Requirements.

More Definitions of Hedging Requirements

Hedging Requirements. All hedging agreements shall be entered into, on a secured basis, with a Lender (or an affiliate thereof), as the hedging counterparty, or on an unsecured basis with counterparties reasonably acceptable to the Agents; provided that no Borrowing Base value shall be given to any such unsecured hedging agreements. Maximum hedging limitations and minimum hedging requirements to be agreed. Events of Default: Subject to the Documentation Principles, substantially similar to the events of default in the Prepetition Credit Agreement, except as mutually agreed with the Agent and as otherwise set forth in this Term Sheet, each subject to limitations and modifications as are customary for transactions of this type as mutually agreed (which will be applicable to the Loan Parties and their subsidiaries).

Hedging Requirements means Hedging Agreements implemented by the Borrower hedging its interest rate risk relating to its Consolidated Debt in a notional principal amount necessary to ensure that at least 40% of its Consolidated Debt is fixed rate Debt for a minimum period of three years from the Closing Date.

Hedging Requirements means the requirements contained in Exhibit G. “ICE” shall mean the ICE Benchmark Administration.

Hedging Requirements means the requirements contained in Exhibit D. “Helaba” shall mean Landesbank Hessen-Thüringen, a public law company incorporated under the laws of Germany. “Helaba Funding Agent” shall mean the Funding Agent for the Helaba Owners identified on the signature pagesSchedule I hereto, together with its successors and assigns. “Helaba Funding Rate” shall mean for any Accrual Period or portion thereof, a rate calculated in good faith by Helaba and notified by Helaba to the Transferor and the Servicer prior to each Payment Date in accordance with Section 2.8(c), equal to (A) until the end of the Accrual Period ending on November 19, 2018, the sum of (i) LIBOR plus (ii) the Program Fee plus (iii) the Cross Currency Margin, (B) thereafter, at any time prior to the Helaba LIBOR Election Date, the sum of (i) Helaba’s Cost of Funds Rate and (ii) the Program Fee, and (CB) on and after the Helaba LIBOR Election Date, (i) LIBOR, plus (ii) the Program Feethe Helaba Benchmark Funding Rate; provided in each case, however, that (1) if an Amortization Event has occurred and is continuing, then the Helaba Funding Rate shall be such rate plus the Amortization Rate, and (2) if a Termination Event has occurred and is continuing, then the Helaba Funding Rate shall be such rate plus the Default Rate. “Helaba Benchmark Funding Rate” shall mean, for any Accrual Period or portion thereof, (i) LIBOR plus (ii) the Program Fee; provided, however, that if (I) Helaba determines that LIBOR cannot be determined for any reason, including the unavailability of rate bids or the general unavailability of the London interbank market for U.S. Dollar borrowings, to fund Helaba’s Net Investment for any Accrual Period (or portion thereof), or (ii) Helaba determines that it would be contrary to law or to the directive of any central bank or other Governmental Authority to obtain U.S. Dollars in the London interbank market to fund or maintain its Net Investment for any Accrual Period (or portion thereof), or (iii) Helaba advises the Transferor that LIBOR will not adequately and fairly reflect Helaba’s cost of funding its Net Investment based on the Helaba Benchmark Funding Rate, or (iv) such funding occurs without two (2) London Business Days’ notice to Helaba, or (v) a funding by Helaba occurs on a date other than an -26- 00000000 T-Mobile (EIP) Third A&R RPAA NJ 231109207v1 736153181 19632398

Hedging Requirements means Hedging Agreements implemented by the Borrower hedging (i) its interest rate risk relating to its Consolidated Debt in a notional principal amount necessary to ensure that at least 35% of its Consolidated Debt is fixed rate Debt for a minimum period of three years from the Closing Date; and (ii) its foreign exchange risk relating to the Senior Notes (or any notes issued in replacement thereof) and Term Facility B in a notional principal amount equal to 90% of the aggregate principal amount of such notes and such Credit Facility and based on the term to maturity of the Senior Notes and Term Facility B.

Hedging Requirements means the requirements described in Exhibit D to this Note Purchase Agreement.

Hedging Requirements has the meaning given in the Note Purchase Agreement.