Qualified Hedge Payments definition

Qualified Hedge Payments means, collectively, all Scheduled Hedge Payments and all Termination Hedge Payments payable by the Authority or a Hedge Provider, as the case may be, under a Qualified Hedge Agreement.

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Qualified Hedge Payments means, collectively, all Scheduled Hedge Payments and all Termination Hedge Payments payable by the Trust or a Hedge Provider, as the case may be, under a Qualified Hedge Agreement;

Qualified Hedge Payments means the net payment obligations of the Authority arising under a Qualified Hedge Agreement under which the Authority has expressly granted a lien on Revenues securing such obligations on a parity with the lien thereon granted to Bondholders hereunder, which net payments are calculated on the basis of interest on a notional amount which may correspond with the principal amount of certain Bonds issued hereunder or a particular Series or maturity thereof, based upon a fixed or a variable rate index or formula. Qualified Hedge Payments include only regularly scheduled payments under a Qualified Hedge Agreement determined by reference to interest on a notional amount and shall not include any other payments under such agreement (for example, any Termination Payment, fee for extension, indemnification obligations or other Derivative Non-Scheduled Payments payable to the counterparty).

Examples of Qualified Hedge Payments in a sentence

Qualified Hedge Payments under any Qualified Hedge Agreement shall only be paid in the manner and to the extent specified in Section 5.02(B).
In such event, the Master Trustee shall, upon request of the Trust, execute and deliver to the Trust all such instruments as may be desirable to evidence such release and discharge and shall pay over or deliver to the Trust all moneys or securities held by it pursuant to this Trust Agreement which are not required for the payment or redemption of Bonds not theretofore surrendered for such payment or redemption or for the payment of Reimbursement Obligations or Qualified Hedge Payments.
Neither Qualified Hedge Payments nor other payments due under any Qualified Hedge Agreement shall be secured by funds on deposit in the Operation and Maintenance Fund or funds on deposit in the Construction Fund.
The moneys in said Qualified Hedge Payment Account shall be used only for the payment of Qualified Hedge Payments, and the Trustee shall transfer to the counterparty under the respective Qualified Hedge Agreement the necessary moneys to pay such Qualified Hedge Payment on the next respective payment date.
The obligations of the Trust to make all or any portion of any Termination Hedge Payments under any Parity Hedge Agreement, and the obligation of the Trust to make any Qualified Hedge Payments under any other Qualified Hedge Agreement, may be secured by a pledge of the Trust Estate, provided that such pledge shall in all respects be subordinate to the pledge created hereby for the benefit of the related Senior Bonds or Subordinate Bonds Outstanding hereunder.
The principal, interest and premiums on said Bonds are payable solely from the Revenues derived by the Authority from said Airport System and other moneys pledged therefor under this Trust Agreement, all of which are hereby pledged to the payment thereof and to the payment of Reimbursement Obligations and Qualified Hedge Payments in the manner and in the order of priority and to the extent hereinabove particularly specified and all as provided in this Trust Agreement and the Act hereinbefore referred to.
The obligations of the Authority to make all or any portion of any Termination Hedge Payments under any Parity Hedge Agreement, and the obligation of the Authority to make any Qualified Hedge Payments under any other Qualified Hedge Agreement, may be secured by a pledge of the Trust Estate, provided that such pledge shall in all respects be subordinate to the pledge created hereby for the benefit of the related Senior Bonds or Subordinated Bonds Outstanding hereunder.
Except as otherwise provided in the Applicable Supplemental Trust Agreement, all Termination Hedge Payments to be made by the Authority on any Parity Hedge Agreement and all Qualified Hedge Payments to be made by the Authority on any other Qualified Hedge Agreement shall be payable solely from amounts deposited in the Bond Related Costs Fund as provided in Section 511 hereof on a parity with all other payments therefrom pertaining to the related Series of Bonds.

More Definitions of Qualified Hedge Payments

Qualified Hedge Payments means the net payment obligations of the Port arising under a Qualified Hedge Agreement under which the Port has expressly granted a lien on the Trust Estate securing such obligations on a parity with the lien thereon granted to Bondholders of the Series of Bonds related to such Qualified Hedge Agreement, which net payments are calculated on the basis of interest on a notional amount which may correspond with the principal amount of the Series of Bonds related to such Qualified Hedge Agreement or a particular maturity thereof, based upon a fixed or a variable rate index or formula. Qualified Hedge Payments include only regularly scheduled payments under a Qualified Hedge Agreement determined by reference to interest on a notional amount and shall not include any other payments under such agreement (for example, any termination payment, fee for extension, indemnification obligations or other Derivative Non- Scheduled Payments payable to the counterparty).

Qualified Hedge Payments means the net payment obligation of the Issuer arising 660 under a Qualified Hedge Agreement, which are calculated on the basis of interest on a notional 661 amount which may correspond with the principal amount of certain Bonds issued hereunder or 662 a particular series or maturity thereof, based upon a fixed or a variable rate index or formula. 663 Qualified Hedge Payments include only regularly scheduled payments under a Qualified 664 Hedge Agreement determined by reference to interest on a notional amount and shall not 665 include any other payments under such agreement (for example, any termination fee, fee for 666 extension, indemnification obligations or other fees payable to the counterparty.)