Qualified Currency Hedge definition

Qualified Currency Hedge. A currency hedge agreement between ICF or a Lessor and a Currency Hedge Counterparty named therein, including any schedules and confirmations prepared and delivered in connection therewith (x) pursuant to which (i) ICF or a Lessor will receive payments denominated in Dollars and ICF or such Lessor, as the case may be, will make payments in Canadian dollars, (ii) recourse to ICF or such Lessor is limited to ICF Available Funds for such purpose and (iii) is a currency hedge that may cash settle and (y) which satisfies the criteria set forth in Section 634 of the ICF Indenture.
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Qualified Currency Hedge. A currency hedge agreement between the Issuer and a Currency Hedge Counterparty named therein, including any schedules and confirmations prepared and delivered in connection therewith (i) pursuant to which (a) the Issuer will receive payments denominated in Dollars and the Issuer, will make payments in Canadian dollars, (b) recourse to the Issuer is limited to Available Funds for such purpose and (c) is a currency hedge that may cash settle and (ii) which satisfies the criteria set forth in Section 6.34 of the Indenture.
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Qualified Currency Hedge means, with respect to the 2007-B Contracts, a currency hedge agreement between ICF and a Currency Hedge Counterparty named therein, including any schedules and confirmations prepared and delivered in connection therewith (x) pursuant to which (i) ICF will receive payments denominated in Dollars, (ii) recourse to ICF is limited to Available Funds for such purpose and (iii) is a currency hedge that may cash settle and (y) which satisfies the criteria set forth in Section 6.34 of the Indenture.
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Examples of Qualified Currency Hedge in a sentence

  • As additional security hereunder, the Issuer hereby assigns to the Indenture Trustee all right, title and interest of the Issuer under each Qualified Currency Hedge, including, but not limited to, all present and future amounts payable by an Currency Hedge Counterparty to the Issuer under or in connection with such Qualified Currency Hedge.

  • In addition, the Issuer shall not amend, modify or waive any provision of this Indenture, any Supplement, any Qualified Currency Hedge, any Interest Rate Hedge Agreement, the Servicing Agreement or any other Relevant Document to which it is a party or give any approval or consent or permission provided for therein without the prior written consent of the requisite Persons set forth in the applicable agreement.

  • In the singular, any one of, and in the plural, all of the Eligible Currency Hedge Counterparties, their successors and assigns which have entered into a Qualified Currency Hedge.

  • If there is a mismatch between the amount paid under a Contract and the amount to be paid under a Qualified Currency Hedge, then the Issuer may cure any such mismatch by entering into a Qualified Currency Hedge for the amount of such mismatch.

  • As additional security hereunder, ICF hereby assigns to the ICF Indenture Trustee all right, title and interest of ICF under each Qualified Currency Hedge, including, but not limited to, all present and future amounts payable by an Currency Hedge Counterparty to ICF under or in connection with such Qualified Currency Hedge.

  • In addition, ICF shall not amend, modify or waive any provision of this Indenture, any Supplement, any Qualified Currency Hedge, any Interest Rate Hedge Agreement, the ICI Swap, the Servicing Agreement or any other ICF Relevant Document to which it is a party or give any approval or consent or permission provided for therein without the prior written consent of the requisite Persons set forth in the applicable agreement.

  • No Qualified Currency Hedge may be entered into unless it is supported by Contract Payments made in Canadian dollars by a User under the related Contract.

  • ICF shall not, after the date of the issuance of the ICF Notes, enter into or become a party to any agreements or instruments other than this Indenture, a Qualified Currency Hedge, an Interest Rate Hedge Agreement, the ICI Swap, each Lease, the Servicing Agreement or any other agreement(s) contemplated or permitted by this Indenture or any other ICF Relevant Document, including, without limitation, any agreement(s) for disposition of the ICF Collateral as permitted by Sections 612, 804 or 817 hereof.

  • Payments made by the User are in Canadian dollars may be subject to a Qualified Currency Hedge.

Related to Qualified Currency Hedge

  • Specified Currency means the currency specified as such hereon or, if none is specified, the currency in which the Notes are denominated.

  • Foreign Currency Hedge means any foreign exchange transaction, including spot and forward foreign currency purchases and sales, listed or over-the-counter options on foreign currencies, non-deliverable forwards and options, foreign currency swap agreements, currency exchange rate price hedging arrangements, and any other similar transaction providing for the purchase of one currency in exchange for the sale of another currency.

  • Approved Currency means each of Dollars and each Alternative Currency.

  • Permitted Currency means (1) the legal tender of any Group of 7 country (or any country that becomes a member of the Group of 7 if such Group of 7 expands its membership) or (2) the legal tender of any country which, as of the date of such change, is a member of the Organization for Economic Cooperation and Development and has a local currency long-term debt rating of either AAA or higher assigned to it by Standard & Poor's, a division of The McGraw-Hill Companies, Inc. or any successor to the rating business thereof, Aaa or higher assigned to it by Moody's Investors Service, Inc. or any successor to the rating business thereof or AAA or higher assigned to it by Fitch Ratings or any successor to the rating business thereof;

  • Designated Currency shall have the same meaning assigned to it in Section 3.12.

  • Domestic Currency means the currency specified as such and any successor currency. If no currency is so specified, the Domestic Currency shall be the lawful currency and any successor currency of (i) the relevant Reference Entity, if the Reference Entity is a Sovereign, or (ii) the jurisdiction in which the relevant Reference Entity is organised, if the Reference Entity is not a Sovereign. In no event shall Domestic Currency include any successor currency if such successor currency is the lawful currency of any of Canada, Japan, Switzerland, the United Kingdom or the United States of America or the euro (or any successor currency to any such currency).

  • Primary Currency has the meaning specified in Section 9.11(c).

  • Fiat Currency means currency issued by the relevant body in a country or by a government that is designated as legal tender in its country of issuance through amongst other things, government decree, regulation, or law;

  • Agreed Currency means Dollars or any Alternative Currency, as applicable.

  • Issue Currency or "SEK" means Swedish Krona. "Launch Date" means 04 March 2022.

  • Denomination Currency has the meaning specified in Section 14(b).

  • Foreign Currency Loan means each Revolving Loan denominated in a Designated Foreign Currency and bearing interest at a rate based upon the Adjusted Foreign Currency Rate.

  • First Currency has the meaning specified in Section 1.15.

  • Eligible Currency means any currency other than Dollars (i) that is readily available, (ii) that is freely traded, (iii) in which deposits are customarily offered to banks in the London interbank market, (iv) that is convertible into Dollars in the international interbank market and (v) as to which a Dollar Equivalent Amount may be readily calculated. If, after the designation by the Revolving Credit Lenders of any currency as an Agreed Currency, (x) currency control or other exchange regulations are imposed in the country in which such currency is issued with the result that different types of such currency are introduced, (y) such currency is, in the reasonable determination of the Administrative Agent, no longer readily available or freely traded or (z) in the reasonable determination of the Administrative Agent, a Dollar Equivalent Amount of such currency is not readily calculable, the Administrative Agent shall promptly notify the Lenders and the Company, and such currency shall no longer be an Agreed Currency until such time as all of the Revolving Credit Lenders agree to reinstate such currency as an Agreed Currency and promptly, but in any event within five Business Days of receipt of such notice from the Administrative Agent, the Borrower shall repay all Loans in such affected currency or convert such Loans into Loans in Dollars or another Agreed Currency, subject to the other terms set forth in Article II.

  • Party A Currency Amount In respect of each Party A Calculation Period, an amount in Dollars equal to the principal amount outstanding of the Relevant Notes on the first day of such Calculation Period (after taking into account any redemption on such day).

  • Payment Currency has the meaning given in Clause 21.4;

  • Optional Currency means a currency (other than the Base Currency) which complies with the conditions set out in Clause 4.3 (Conditions relating to Optional Currencies).

  • Overnight Foreign Currency Rate means, for any amount payable in a Foreign Currency, the rate of interest per annum as determined by the Administrative Agent at which overnight or weekend deposits in the relevant currency (or if such amount due remains unpaid for more than three (3) Business Days, then for such other period of time as the Administrative Agent may elect) for delivery in immediately available and freely transferable funds would be offered by the Administrative Agent to major banks in the interbank market upon request of such major banks for the relevant currency as determined above and in an amount comparable to the unpaid principal amount of the related Credit Event, plus any taxes, levies, imposts, duties, deductions, charges or withholdings imposed upon, or charged to, the Administrative Agent by any relevant correspondent bank in respect of such amount in such relevant currency.

  • Committed Currencies means lawful currency of the United Kingdom of Great Britain and Northern Ireland and Euros.

  • Foreign Currency means any currency or currency unit issued by a government other than the government of The United States of America.

  • Settlement Currency means Pounds sterling ("GBP").

  • Termination Currency means United States Dollars.

  • Alternative Currency means each of Euro, Sterling and each other currency (other than Dollars) that is approved in accordance with Section 1.06.