New Hedging Support Facility definition

New Hedging Support Facility means the up to US$100,000,000 hedging risk participation facility to be made available by DB as Fronting Bank on the terms set out in the TFF Term Sheet.
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New Hedging Support Facility means the up to US$100,000,000 hedging risk participation facility to be made available to Trading Co on the terms set out in Section 2 (New Trade Finance Facility and New Hedging Support Facility Term Sheet) of Part 1 (Primary Restructuring Terms) of Schedule 2 (Restructuring Terms).
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New Hedging Support Facility means the up to US$100 million hedging support facility to be provided by DB as Fronting Bank to (among others) Trading Co, substantially on the same terms as set out the Restructuring Support Agreement, pursuant to a facility agreement the form of which shall be appended to the Explanatory Statement.
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Examples of New Hedging Support Facility in a sentence

  • The obligations owing by Trading Co under the New Trade Finance Facility and the New Hedging Support Facility will also be secured by the first- ranking security created pursuant to the Security.

  • The intercreditor relationships among, among others, the fronting banks and participants under the New Trade Finance Facility, the New Hedging Support Facility and the Increase Trade Finance Facility and the holders of the New Trading Co Bonds will be set out in an intercreditor agreement which reflects, among other things, the intercreditor principles set out in the Intercreditor Principles Term Sheet.

  • The intercreditor relationships among, among others, the fronting banks and participants under the New Trade Finance Facility and the New Hedging Support Facility and the holders of the New Trading Co Bonds will be set out in an intercreditor agreement which reflects, among other things, the Intercreditor Principles (see Section 6 (Intercreditor Principles Term Sheet) of Schedule 2 (Restructuring Terms)).

  • Agreement The obligations owing by Trading Co under the New Trade Finance Facility, the New Hedging Support Facility and the Increase Trade Finance Facility will also be secured by the first-ranking security created pursuant to the Security.

  • In consideration for ING’s continued support for Noble Group throughout the proposed Restructuring process, including its work on structuring the New Trade Finance Facility and the New Hedging Support Facility and agreeing to act as a Fronting Bank, a restructuring support fee of US$13 million will be payable to ING in accordance with clause 6 (Existing Trade Finance Facilities) of the RSA.

  • It was noted that on 14 March 2018, the Company and an ad hoc group of certain existing senior creditors of the Group entered into the conditional risk sub-participation agreement (the “CRPA”) pursuant to which the creditors agreed to risk participate in the New Trade Finance Facility and New Hedging Support Facility for their respective commitments.

  • In consideration for the Initial Backstop Lenders and the Secondary Backstop Lenders underwriting the New Trade Finance Facility and the New Hedging Support Facility, an aggregate backstop commitment fee of 5% of the Total Senior Creditor Risk Participation Amount will be payable to the Initial Backstop Lenders and the Secondary Backstop Lenders.


More Definitions of New Hedging Support Facility

New Hedging Support Facility means the US$100 million hedging support facility to be provided by DB as Fronting Bank to (among others) Trading Co pursuant to the New Trade Finance and Hedging Support Facilities Agreement.
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Related to New Hedging Support Facility

  • Support Facility means any liquidity or credit support agreement with a CP Conduit which relates to this Agreement (including any agreement to purchase an assignment of or participation in Class B Notes).

  • Hedging Provider any Person that has entered into a Hedging Agreement with a Grantor with the obligations of such Grantor thereunder being secured by one or more Loan Documents, as designated by the Borrower in accordance with Section 8.4 hereof (provided that no Person shall, with respect to any Hedging Agreement, be at any time a Hedging Provider with respect to more than one Credit Facility).

  • Hedging Arrangement means a hedge, call, swap, collar, floor, cap, option, forward sale or purchase or other contract or similar arrangement (including any obligations to purchase or sell any commodity or security at a future date for a specific price) which is entered into to reduce or eliminate or otherwise protect against the risk of fluctuations in prices or rates, including interest rates, foreign exchange rates, commodity prices and securities prices.

  • Replacement Facility means 1 of the following:

  • port facility means any publicly or privately owned facility located within this State through which cargo is transported by way of a waterborne ship or vehicle to or from destinations outside this State and which handles cargo owned by third parties in addition to cargo owned by the port facility’s owner.

  • LNG facility means a terminal which is used for the liquefaction of natural gas or the importation, offloading, and re-gasification of LNG, and includes ancillary services and temporary storage necessary for the re-gasification process and subsequent delivery to the transmission system, but does not include any part of LNG terminals used for storage;

  • 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.

  • Wireline backhaul facility means a facility used to transport services by wire or fiber-optic cable from a wireless facility to a network.

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

  • 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.

  • Specified Hedging Agreement means any Interest Rate/Currency Hedging Agreement entered into by the Borrower or any Subsidiary Guarantor and any Qualified Counterparty.

  • Refinancing Facility has the meaning specified in Section 2.16(a).

  • Replacement Revolving Facility has the meaning assigned to such term in Section 9.02(c)(ii).

  • Hedging Party means at any relevant time, the Issuer, or any of its affiliates or any other party providing the Issuer directly or indirectly with hedging arrangements in relation to the Notes as the Issuer may select at such time.

  • Credit Facility Provider means the issuer of or obligor under a Credit Facility.

  • Hedge Transaction means each interest rate swap, index rate swap or interest rate cap transaction or comparable derivative arrangement between the Borrower and a Hedge Counterparty that is entered into pursuant to Section 10.6 and is governed by a Hedging Agreement.

  • Hedging Arrangements means, with respect to any Person, any agreements or other arrangements (including interest rate swap agreements, interest rate cap agreements and forward sale agreements) entered into to protect that Person against changes in interest rates or the market value of assets.

  • 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.

  • 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.

  • Net Hedging Obligations means, as of any date, the Termination Value of any such Hedging Agreement on such date.

  • Overdraft Facility or ‘Facility’ means an authorised debit balance that may be offered to you at our discretion from time to time allowing your Account to go overdrawn up to an agreed Overdraft Limit.

  • Wireless facility means equipment at a fixed location that enables wireless communications

  • 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.

  • Currency Hedge Obligations means, at any time as to any Person, the obligations of such Person at such time that were incurred in the ordinary course of business pursuant to any foreign currency exchange agreement, option or futures contract or other similar agreement or arrangement designed to protect against or manage such Person’s or any of its Subsidiaries’ exposure to fluctuations in foreign currency exchange rates.

  • Liquidity Facility Provider means a Person that is a party to a Liquidity Facility with the Authority with respect to specified Bonds and whose credit rating by each nationally recognized Rating Agency then rating the Class I Bonds is sufficiently high to maintain the then current rating on such Bonds by such Rating Agency or the equivalent of such rating by virtue of guarantees or insurance arrangements.

  • Permitted Bond Hedge Transaction means any call or capped call option (or substantively equivalent derivative transaction) on the Parent’s common Equity Interests purchased by the Parent in connection with the issuance of any Convertible Indebtedness; provided that the purchase price for such Permitted Bond Hedge Transaction does not exceed the net proceeds received by the Parent from the sale of such Convertible Indebtedness issued in connection with the Permitted Bond Hedge Transaction.