Offsetting Transaction definition

Offsetting Transaction has the meaning set forth in Section 5(a).

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Offsetting Transaction means a FX Transaction to purchase a Foreign Currency and a FX Transaction to sell the same Foreign Currency , each with the same Settlement Date and designated as an Offsetting Transaction at the time of entering into the FX Transaction.

Offsetting Transaction has the meaning assigned to such term in the Collateral and Intercreditor Agreement.

Examples of Offsetting Transaction in a sentence

The Bank will promptly confirm the terms of each Offsetting Transaction which shall be subject to the terms of the Master Agreement provided, however, that notwithstanding anything to the contrary in the Master Agreement, the Agent hereby unconditionally consents and agrees to its obligations under each Offsetting Transaction.
Clearing-Brokering Contracts and all the Clearing-undertaken Positions; except in cases where X is authorized to effect the exercise of any option, any Offsetting Transaction made at X's bid or offer or any Final Settlement pursuant to the preceding paragraph.
Immediately after entering into a Specified Counterparty Transaction with a Counterparty, the Agent and the Bank shall be deemed to have automatically entered into an offsetting transaction being either an FX Transaction or Option Transaction corresponding to the Accepted Transaction (each, an “Offsetting Transaction”) whereby the Bank’s currency exposure under each Accepted Transaction is completely eliminated by the Offsetting Transaction.
In the event that the Agent fails to exercise such Option on behalf of the Bank, the Agent shall not deliver a Notice of Exercise to the Bank in respect of the corresponding Offsetting Transaction and notwithstanding the terms of such Offsetting Transaction, including any such terms relating to automatic exercise, such rights under the Offsetting Transaction shall be deemed to have expired unexercised.
Clearing-Brokering Contracts or Clearing-undertaken Position set out in sub-paragraph (1) of paragraph 2 of the preceding Article, X may, at X's discretion and for Y's own account, effect the exercise of any option, any Offsetting Transaction made at X's bid or offer or any Final Settlement in order to settle any outstanding Securities, etc.

More Definitions of Offsetting Transaction

Offsetting Transaction means an FX Transaction to purchase a Foreign Currency and an FX Transaction to sell the same Foreign Currency, each with the same Settlement Date and designated as an Offsetting Transaction at the time of entering into the FX Transaction.

Offsetting Transaction has the meaning set out in clause 5.1 (a).

Offsetting Transaction means a FX Transaction to purchase a Foreign Currency and a FX Transaction to sell the same Foreign Currency, each with the same Settlement Date and designated as an Offsetting Transaction at the time of entering into such FX Transaction.

Offsetting Transaction means an interest rate swap transaction under a Senior Secured IR Hedge Agreement that offsets another interest rate swap transaction entered into under the same Senior Secured IR Hedge Agreement.

Offsetting Transaction means, in respect of the Second Hedging Transaction, a Hedging Transaction which (a) has been entered into with a Hedge Counterparty which has acceded to the STID and the Common Terms Agreement; (b) is governed by a Hedging Agreement; and (c) where Elenia receives amounts under the First Hedging Transaction on a particular basis, it pays such amounts on such basis under the Second Hedging Transaction and vice versa (whether the notional amount or corresponding currency amount is equal to, or less than, the notional amount or corresponding currency amount of the other Hedging Transaction). For the avoidance of doubt in the event that Elenia enters into an Offsetting Transaction with a Hedge Counterparty, the parties to the Hedging Agreement may document the arrangement as either two separate Hedging Transactions or a single Combined Swap Transaction the effect of which is as if there had been two separate Hedging Transactions.

Offsetting Transaction has the meaning given to it in paragraph 10 of schedule 7 (Borrower Hedging Policy) to the Common Terms Agreement;

Offsetting Transaction means any two or more Transactions in respect of the same Product having the same or overlapping Delivery Period (as specified in the Transaction), Delivery Location and payment date, where under one or more of such Transactions, one Party is Seller and under one or more of such other Transactions the same Party is Buyer.