Permitted Counterparty definition

Permitted Counterparty means a client who, in AFEX’s sole discretion, has met the requirements for entering into an Option Contract with AFEX, which requirements may be changed, from time to time, by AFEX in its sole discretion.

Permitted Counterparty means a nationally recognized financial institution that enters into one or more swap, hedging or other derivative arrangements with one or more Purchasers in connection with a bona fide financing of the purchase of the Notes.

Permitted Counterparty means any counterparty to a Secured Hedging Contract that (a) (i) at the time such Person entered into such Secured Hedging Contract, was the Administrative Agent, a Lender, or an Affiliate of the Administrative Agent or a Lender and (ii) is designated by the Borrower to the Administrative Agent as a "Permitted Counterparty", or (b) (i) is reasonably acceptable to the Administrative Agent, (ii) is designated by the Borrower to the Administrative Agent as a "Permitted Counterparty" and (iii) has executed and delivered to the Administrative Agent an acknowledgement in form and substance reasonably satisfactory to the Administrative Agent to the extent requested by the Administrative Agent pursuant to Section 8.11.

Examples of Permitted Counterparty in a sentence

• Client may authorize AFEX to enter into an Option Contract so long as AFEX has determined Client to be a Permitted Counterparty.

• AFEX may require Client to provide certain documentation, including without limitation, audited financial statements and certifications, in order to reach a determination on Client’s status as a Permitted Counterparty.

• AFEX may require Client to provide certain documentation, including without limitation, financial account statements and certifications, in order to reach a determination on Client’s status as a Permitted Counterparty.

• Substitution of Original Charged Assets:Not Permitted Counterparty: JPMSCI Reference Portfolio: means the portfolio specified as Reference Portfolio No.2 in the Swap Confirmation Appendix.

• If Lender receives or is credited with any payment, benefit or value from or on behalf of Permitted Counterparty in respect of rights to which X.X. Xxxxxx is subrogated as provided herein, Lender shall promptly remit or pay to X.X. Xxxxxx the same (or its Dollar equivalent).

More Definitions of Permitted Counterparty

Permitted Counterparty means a repo seller approved by X.X. Xxxxxx and Lender from time to time.

Permitted Counterparty means a nationally recognized financial institution that enters into one or more swap, hedging or other derivative arrangements with the Purchaser in connection with a bona fide financing of the purchase of the Notes.

Permitted Counterparty is defined in the Intercreditor Agreement as in effect on the date hereof.

Permitted Counterparty means a repo seller approved by J.P. Morgan and Lender from time to time.

Permitted Counterparty means the counterparties to any Hedging Obligations entered into by the Company or its Subsidiaries which are permitted by the Bank Credit Agreement; PROVIDED, HOWEVER, such counterparties become parties to this Agreement and agree to be bound by and comply with all of the terms and provisions of this Agreement.

Permitted Counterparty means, in connection with an Interest Rate Protection Agreement, a financial institution whose long term unsecured and unguaranteed senior debt is rated "A" or higher by S&P and "A2" or higher by Moody's or which can be collateralized to such a level.

Permitted Counterparty means Xxxxxx Commercial Paper Inc. and its Affiliates.