Minimum Required Hedge Amount definition
Minimum Required Hedge Amount. As of any date of determination, an amount equal to the product of (a) ninety five percent (95%) and (b) the Aggregate Loan Principal Balance as of such date of determination; provided that, for purposes of calculating the Minimum Required Hedge Amount, the Aggregate Loan Principal Balance shall be calculated without regard to Loans made to finance the origination or acquisition of Floating Rate Leases.
Minimum Required Hedge Amount means, as of any date of determination, an amount equal to the product of (A) ninety percent (90%) and (y) the Outstanding Principal Balance of the Notes as of such date and (z) a fraction, the numerator of which is the sum of the Adjusted Borrowing Values of all Engines subject to a Hedged Lease as of such date and the denominator of which is the Aggregate Adjusted Borrowing Value as of such date.
Minimum Required Hedge Amount. As of any Payment Date, an amount equal to the product of (a) seventy percent (70%) and (b) the sum of the net book values of term Leases and the Net Investment Values of Finance Leases as of the last day of the second month immediately preceding such Payment Date.
Examples of Minimum Required Hedge Amount in a sentence
The Borrower shall maintain Interest Rate Hedging Agreements with respect to a notional principal amount that is at least the Minimum Required Hedge Amount and not more than the Maximum Required Hedge Amount.
More Definitions of Minimum Required Hedge Amount
Minimum Required Hedge Amount means, as of any date of determination, an amount equal to the product of forty-five percent (45%) and the Outstanding Principal Balance of the Notes as of such date.