Interest Hedge Contract definition

Interest Hedge Contract means any foreign exchange contract, currency swap agreement or other agreement or arrangement between a financial institution on one hand and the Issuer and the Company on the other, designed to protect the Issuer and the Company against fluctuations in the foreign exchange rate between U.S. dollars and pounds sterling in respect of the interest payments on the Dollar Securities; and the “value” thereof at any time shall be the amount (if any) that would be due to such financial institution if such contract were settled with reference to the then-prevailing market rate for currency exchanges between U.S. dollars and pounds sterling, which amount shall be expressed as a negative figure if an amount would be due to the Issuer or the Company from such financial institution, in each case as reasonably calculated by the Trustee.
Sample 1Sample 2
Interest Hedge Contract means each ISDA Master Agreement and related confirmation and any other currency hedging agreements or documents which may be entered into from time to time by an Obligor with an Interest Hedge Secured Party to effect a Specified Treasury Transaction.
Sample 1
Interest Hedge Contract the interest rate cap, hedge or similar agreement required to be maintained by Borrower pursuant to subsection 2.2.5, which shall be issued by a financial institution and be in form and substance acceptable to the Required Lenders.
Sample 1

Examples of Interest Hedge Contract in a sentence

  • Except pursuant to and to the extent of, any prepayment of outstanding Loans, the Borrower shall not terminate any Interest Hedge Contract without the prior written consent of the Administrative Agent.

  • Promptly upon receipt thereof by the Administrative Agent, the Administrative Agent shall deposit all Prepayment Amounts (net of all Funding Breakage Costs, costs incurred under any Interest Hedge Contract, and all other costs and expenses then due and payable to any Lender as expressly provided in any Financing Document in connection therewith) into the Prepayment Account.

  • On each Business Day that Debt Service is due and payable by the Borrower, the Administrative Agent shall withdraw funds from the Debt Service Account and shall on behalf of the Borrower pay (i) to each Lender, such Lender's respective Pro Rata Share of such Debt Service and (ii) to each Swap Bank, the amounts due and payable under the Interest Hedge Contract to which such Swap Bank is a party.

  • Promptly upon receipt thereof by the Administrative Agent, the Administrative Agent shall deposit all Prepayment Amounts (net of all Funding Breakage Costs, net costs incurred under any Interest Hedge Contract, and all other costs and expenses then due and payable to any Secured Party as expressly provided in any Financing Document in connection therewith) into the Prepayment Account.

  • Lender shall give Borrower prompt notice of the receipt by Lender of any proceeds of the Interest Hedge Contract.

  • Except pursuant to and to the extent of, any prepayment of outstanding Loans, the Borrower shall not terminate any Interest Hedge Contract without the prior written consent of the Administrative Agent (such consent not to be unreasonably withheld, conditioned or delayed).

  • Each Interest Hedge Party and the Company confirm that (a) each Interest Hedge Contract either (i) has been terminated or (ii) is hereby terminated and (b) such parties have agreed on the payment due by the Company to such Interest Hedge Party on the Effective Date pursuant to the terms of the relevant Interest Hedge Contract.

  • Each Interest Hedge Party and the Company confirm that (a) each Interest Hedge Contract has been terminated and (b) such parties have agreed on the payment due by the Company to such Interest Hedge Party on the Effective Date pursuant to the terms of the relevant Interest Hedge Contract.

  • Maintain an Interest Hedge Contract in full force and effect during the term thereof.

  • Borrower shall enter into an Interest Hedge Contract reasonably acceptable to the Required Lenders, to provide protection to Borrower against fluctuations in interest rates, and deliver to Agent the Assignment of Interest Hedge Contract, within 30 days after the earlier to occur of (i) March 31, 2000 and (ii) the delivery to Lenders of the Basic Financial Statements for 1999.


More Definitions of Interest Hedge Contract

Interest Hedge Contract an interest rate cap, hedge or similar agreement ----------------------- to be executed by and between Borrower and a financial institution acceptable to Lender, which agreement shall (a) be in effect for the first two (2) Loan Years, (b) at the option of Lender, be renewed for an additional two (2) year period, except that Lender agrees that if a renewal is available for a period of one ----------------------------------------------------------------------------- year, such renewal shall be for such one year period, (c) be in an amount of not ---------------------------------------------------- less than the product of (i) .75, multiplied by (B) the Term Loan Principal Balance which is outstanding (A) as of the Closing Date, with respect to the agreement described in clause (a) hereof or (ii) as of the date of renewal, with respect to the agreement described in clause (b) hereof, (d) provide protection for borrower if the Base Rate is in excess of eleven and one half percent (11.5%) and (e) otherwise be in form and content acceptable to Lender. Investment: with respect to any Person, the amount paid or committed to be ---------- paid or the value of Property or wages contributed or committed to be contributed by the Person making the Investment on its account for or in connection with the acquisition by such Person of any stock, partnership or other ownership interest, bonds, notes, debentures, or any other security of the Person in whom such investment is made or any evidence of Indebtness by reason of a loan advance, extension of credit, guaranty or other similar obligation of any debt, liability or Indebtedness of such Person in whom the Investment is made; provided, however, that the -------- ------- term "Investment" shall not include (a) trade and customer accounts receivable of such Person for inventory sold by it or services rendered by it in the ordinary course of business and payable in accordance with customary trade terms, or any letters of credit or other instruments securing the same, or (b) reasonable advances by such Person in the ordinary course of business to its employees for travel expenses, drawing accounts and similar expenditures.
Sample 1
Interest Hedge Contract in Section 1.1 of the Loan Agreement are hereby deleted in their entirety and the definitions of "Operating Cash Flow" and "Working Capital Loan" is hereby deleted in its entirety and the following is inserted therefor: Operating Cash Flow: for any period, the net income of ------------------- Borrower for such period:
Sample 1
Interest Hedge Contract an interest rate swap agreement between Union Bank of California, N.A. and CBC dated December 12, 1996.
Sample 1

Related to Interest Hedge Contract

  • Hedge Contract means any exchange, swap, forward, cap, floor, collar, option or other similar agreement or arrangement entered into for the purpose of reducing the exposure of a Group Member to fluctuations in interest rates, the price of hydrocarbons, basis differentials or currency exchange rates in their operations or financing activities and not for speculative purposes.

  • Interest Hedge Agreement means an interest rate protection agreement that may be entered into between the Borrower and an Interest Hedge Counterparty on or after the Closing Date, for the sole purpose of hedging interest rate risk between the portfolio of Collateral Loans and the Loans, as amended from time to time in accordance with the terms thereof, with respect to which the Rating Condition is satisfied.

  • 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.

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

  • 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.

  • 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.

  • Hedge Counterparty means a Lender, the Administrative Agent or any of the Lender’s or the Administrative Agent’s affiliates (at the time a hedging agreement is entered into) who has entered into a hedging agreement for the purpose of hedging interest rate liabilities and/or any exchange rate and/or commodity price risks provided it has become a party, or by execution of an additional bank secured party acknowledgment has agreed to be bound by the terms of, to the First Lien Intercreditor Agreement in its capacity as hedge counterparty.

  • RATE CONTRACT means the agreement for supply of goods/ materials between Owner and Vendor, for a fixed period of time (i.e till validity of Rate Contract, with no commitment of contractual quantity) on mutually agreed terms and conditions. The actual supply of goods/ materials shall take place only on issue of separate purchase orders for required quantity as and when required by Owner.

  • 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.

  • Interest Rate Hedge means an interest rate exchange, collar, cap, swap, floor, adjustable strike cap, adjustable strike corridor, cross-currency swap or similar agreements entered into by any Loan Party in order to provide protection to, or minimize the impact upon, such Loan Party of increasing floating rates of interest applicable to Indebtedness.

  • Swap Agreement means any agreement with respect to any swap, forward, future or derivative transaction or option or similar agreement involving, or settled by reference to, one or more rates, currencies, commodities, equity or debt instruments or securities, or economic, financial or pricing indices or measures of economic, financial or pricing risk or value or any similar transaction or any combination of these transactions; provided that no phantom stock or similar plan providing for payments only on account of services provided by current or former directors, officers, employees or consultants of the Borrower or the Subsidiaries shall be a Swap Agreement.

  • Commodity Hedging Agreement means any agreement with respect to a commodity swap or other agreement regarding the hedging of commodity purchase and sale exposure executed in connection with hedging the commodity purchase and sale exposure of the Borrower and its Subsidiaries, and any confirming letter executed pursuant to such commodity hedging agreement, all as amended, restated or otherwise modified.

  • Commodity Hedging Agreements means, in respect of a Person, any commodity purchase contract, commodity futures or forward contract, commodities option contract or other similar contract (including commodities derivative agreements or arrangements), to which such Person is a party or a beneficiary.

  • Interest Rate Contract means any interest rate swap agreement, interest rate cap agreement, interest rate floor agreement, interest rate collar agreement, interest rate option or any other agreement regarding the hedging of interest rate risk exposure executed in connection with hedging the interest rate exposure of any Person and any confirming letter executed pursuant to such agreement, all as amended, restated, supplemented or otherwise modified from time to time.

  • Other Hedging Agreement means any foreign exchange contracts, currency swap agreements, commodity agreements or other similar agreements or arrangements designed to protect against the fluctuations in currency values.

  • Interest Rate Agreement means with respect to any Person any interest rate protection agreement, interest rate future agreement, interest rate option agreement, interest rate swap agreement, interest rate cap agreement, interest rate collar agreement, interest rate hedge agreement or other similar agreement or arrangement as to which such Person is party or a beneficiary.

  • Interest Rate Contracts means all interest rate swap agreements, interest rate cap agreements, interest rate collar agreements and interest rate insurance.

  • 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.

  • Interest Swap and Hedging Obligation means any obligation of any Person pursuant to any interest rate swap agreement, interest rate cap agreement, interest rate collar agreement, interest rate exchange agreement, currency exchange agreement or any other agreement or arrangement designed to protect against fluctuations in interest rates or currency values, including, without limitation, any arrangement whereby, directly or indirectly, such Person is entitled to receive from time to time periodic payments calculated by applying either a fixed or floating rate of interest on a stated notional amount in exchange for periodic payments made by such Person calculated by applying a fixed or floating rate of interest on the same notional amount.

  • Interest Rate Agreements means one or more of the following agreements which shall be entered into by one or more financial institutions: interest rate protection agreements (including, without limitation, interest rate swaps, caps, floors, collars and similar agreements) and/or other types of interest rate hedging agreements from time to time.

  • 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.

  • Specified Hedge Agreement any Hedge Agreement entered into by the Borrower or any Subsidiary Guarantor and any Qualified Counterparty.

  • Designated Hedge Agreement means any Hedge Agreement (other than a Commodities Hedge Agreement) to which the Borrower or any Subsidiary is a party and as to which, at the time such Hedge Agreement is entered into, a Lender or any of its Affiliates is a counterparty.

  • Interest Rate Swap Agreement means the agreement(s) (including any further replacement agreements) entered into between the Guarantor LP and the Interest Rate Swap Provider(s) in the form of an ISDA Master Agreement, as the same may be amended, varied, supplemented, restated or extended from time to time, including a schedule and confirmations in relation to each Tranche or Series of Covered Bonds;

  • Approved Counterparty means (a) any Lender or any Affiliate of a Lender and (b) any other Person whose long term senior unsecured debt rating is A-/A3 by S&P or Xxxxx’x (or their equivalent) or higher.

  • Rate Contracts means swap agreements (as such term is defined in Section 101 of the Bankruptcy Code) and any other agreements or arrangements designed to provide protection against fluctuations in interest or currency exchange rates.