Qualified Hedge means, to the extent from time-to-time permitted by law, with respect to Permitted Debt any Hedging Transaction entered into with a Qualified Hedge Provider and meeting the requirements of Section 16(o) (Hedging).
Qualified Hedge means a Hedge that is a “qualified hedge” within the meaning of Regulations §1.148-4(h)(2).
Qualified Hedge means, to the extent from time to time permitted by law, any financial arrangement (i) which is entered into by the Agency with an entity that is a Qualified Hedge Provider at the time the arrangement is entered into; (ii) which is a cap, floor or collar; forward rate; future rate; swap (such swap may be based on an amount equal either to a principal amount of Bonds or Program Assets as set forth in the authorizing Supplemental Resolution); asset, index, price or market-linked transaction or agreement; other exchange or rate protection transaction agreement; other similar transaction (however designated); or any combination thereof; or any option with respect thereto; or any similar arrangement; (iii) which is executed by the Agency for the purpose of debt management, including managing interest rate fluctuations on Bonds and/or Program Assets, but not for purposes of speculation, after the Agency has analyzed applicable risks and benefits of the Qualified Hedge; and (iv) which has been designated in writing to the Trustee by an Authorized Officer as a Qualified Hedge.
Examples of Qualified Hedge in a sentence
NOTHING HEREIN OR IN ANY OTHER LOAN DOCUMENT SHALL AFFECT ANY RIGHT THAT THE ADMINISTRATIVE AGENT, ANY REVOLVING CREDIT LENDER, ANY OTHER QUALIFIED HEDGE BANK OR THE L/C ISSUER MAY OTHERWISE HAVE TO BRING ANY ACTION OR PROCEEDING RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT AGAINST ANY LOAN PARTY OR ITS PROPERTIES IN THE COURTS OF ANY JURISDICTION.
More Definitions of Qualified Hedge
Qualified Hedge means a qualified hedge as defined in Treasury Regulations
Qualified Hedge means, to the extent from time to time permitted by law, any financial arrangement (i) which is entered into by the Corporation with an entity that is a Qualified Hedge Provider at the time the arrangement initially is entered into; (ii) which is a cap, floor or collar; forward rate; future rate; swap; asset, index, price or market-linked transaction or agreement; other exchange or rate protection transaction agreement; other similar transaction (however designated); or any combination thereof; or any option with respect thereto; or any similar arrangement; and (iii) which has been designated in writing to the Trustee by an Authorized Officer as a Qualified Hedge hereunder.
Qualified Hedge means, to the extent from time to time permitted by law, with respect to Permitted Debt any Hedging Transaction entered into with a Qualified Hedge Provider and meeting the requirements of Section 14(k) (Affirmative Covenants – Variable Interest Rate Bonds).
Qualified Hedge means, with respect to any Bonds, any financial arrangement (i) that is entered into by the Authority at the request of the University or the University with the approval of the Authority with an entity which is a Qualified Hedge Provider at the time the arrangement is entered into; (ii) which provides that the Authority or the University shall pay to such Qualified Hedge Provider for any period an amount based on the interest accruing at a fixed rate on an amount equal to the principal amount of such Bonds Outstanding, and that such entity shall pay to the Authority during such period an amount based on the interest accruing on a principal amount equal to the same principal amount of such Bonds, at a variable rate of interest computed according to a formula set forth in such arrangement, or that one shall pay to the other any net amount due under such arrangement; and (iii) which has been designated in writing to the Trustee by an Authorized Officer as a Qualified Hedge with respect to such Bonds.
Qualified Hedge means, to the extent from time to time permitted by law, any financial arrangement (i) which is entered into by the Administration with an entity that is a Qualified Hedge Provider at the time the arrangement is entered into; (ii) which is a cap, floor or collar; forward rate; future rate; swap (such swap may be based on an amount equal either to a principal amount, or a notional principal amount relating to all or a portion of the principal amount, of Bonds or Loans as set forth in the authorizing Series Resolution or Supplemental Resolution); asset, index, price or market-linked transaction or agreement; other interest rate exchange or rate protection transaction agreement; other similar transaction (however designated); or any combination thereof; or any option with respect thereto; or any similar arrangement;
Qualified Hedge means, with respect to the issue, a contract between the County and any unrelated party which is entered into primarily to reduce or modify the risk of interest rate changes with respect to the Obligation. The contract may be an interest rate swap, an interest rate cap, a futures contract, a forward contract, an option or may take another form. A contract will not be a Qualified Hedge if it contains any significant investment element (i.e., an expected return). For example, variable rate bonds held by the County do not constitute a Qualified Hedge. A contract may contain a significant investment element if payments under the contract do not correspond closely in time to the specific interest payments on the bonds being hedged. For example, an interest rate swap generally contains a significant investment element if it requires any payments, other than periodic payments, before its termination date, i.e., an up -front payment for an off -market swap. Similarly an interest rate cap contains a significant investment element if the cap rate is less than the on- market swap rate on the date the cap is entered into. For this purpose, the on- market swap rate is the single fixed rate for which the rate or index that is the subject of the cap could be swapped in an on- market interest rate swap, that requires only periodic payments, and that has a term equal to the term of the cap. A hedge will not be qualified unless it covers, in whole or part, all interest payments on all of the substantially identical bonds of an issue (i.e., all bonds having the same interest rate, maturity and terms). If the hedge does not cover all interest payments on all the substantially identical bonds being hedged, it must cover in whole or part, the same specific identifiable interest payments on each of the substantially identical bonds (i.e., a pro -rata portion of each interest payment on the variable rate bonds of an issue for the first five years). Change in the value of the contract must be based primarily on interest rate changes. The hedged amount may not exceed the issuer's risk with respect to interest rate changes on the hedged bonds. Payments under the