Initial Hedge Agreement definition

Initial Hedge Agreement has the meaning specified in Section 16.1(a) herein.

Initial Hedge Agreement means the Hedge Agreement documenting the Initial Hedge Transactions entered into between the Issuer and the Initial Hedge Counterparty.

Initial Hedge Agreement means the ISDA Master Agreement, Schedule and Confirmation, each dated as of the Closing Date, between the Issuer and the Initial Hedge Counterparty, as amended from time to time.

Examples of Initial Hedge Agreement in a sentence

• On the Closing Date, the Issuer will enter into the Initial Hedge Agreement to mitigate a portion of the mismatch between the floating rates of interest on the Notes and any fixed rates of interest on the underlying Collateral Debt Securities.

• Subject to a mutual agreement with respect to a custodial arrangement, LaSalle Bank National Association will act as the custodian of the Issuer under the Initial Hedge Agreement and will comply with the Issuer’s instructions with respect to any collateral posted pursuant to such Initial Hedge Agreement.

• No assurance can be made, however, that the Issuer will enter into any such other Hedge Agreements or that the Initial Hedge Agreement or any such other Hedge Agreements will eliminate all material interest rate risks to the Issuer.

• No assurance can be made, however, that the Initial Hedge Agreement or any other Hedge Agreements will eliminate all material interest rate risks to the Issuer.

• Moreover, despite the Issuer having the benefit of the Initial Hedge Agreement and the Initial Purchased Cap and the subordination of the Income Notes to the payments of interest on the Rated Notes, there can be no assurance that the Collateral Assets and the Eligible Investments will in all circumstances generate sufficient Collateral Interest Collections to make timely payments of interest on the Rated Notes.

More Definitions of Initial Hedge Agreement

Initial Hedge Agreement means the first Hedge Agreement (other than a Deemed Floating Asset Hedge) entered into by the Issuer in connection with this transaction; provided that Rating Agency Confirmation is received with respect thereto.

Initial Hedge Agreement means the interest rate cap transactions with an effective date of the Initial Closing Date under (a) the ISDA Master Agreement dated as of the Initial Closing Date between Barclays and the Issuer and (b) the ISDA Master Agreement dated as of the Initial Closing Date between Calyon and the Issuer.

Initial Hedge Agreement means a Hedge Agreement documenting an Initial Hedge Transaction entered into between the Issuer and an Initial Hedge Counterparty on or about the Issue Date, together with the agreement entered into between the same parties on or about the Issue Date pursuant to which the Issuer delegates to the Initial Hedge Counterparty certain reporting obligations under EMIR.

Initial Hedge Agreement means the hedging agreement described in Section 13(2) hereof.

Initial Hedge Agreement has the meaning set forth in Section 5.1.9.

Initial Hedge Agreement means a Hedge Agreement documenting an Initial Hedge Transaction entered into between the Issuer and an Initial Hedge Counterparty on or about the Issue Date.

Initial Hedge Agreement. The hedge agreement entered into between the Issuer and the Initial Hedge Counterparty, as amended from time to time, including any confirmations evidencing the transactions thereunder.