Required Hedge Amount definition

Required Hedge Amount means for any Funding Date, an amount equal to the product of (x) the Funding Date Advance Rate and (y) the aggregate Loan Balance of Timeshare Loans related to the Borrowing on such Funding Date.

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Required Hedge Amount as defined in Section 5.13.

Required Hedge Amount means 85% of the Eligible Receivable Balance or such lesser amounts specified by the Agent in writing.

Examples of Required Hedge Amount in a sentence

Each Hedge Agreement shall be in form and substance satisfactory to the Agent, including, without limitation, having a notional amount based on the Required Hedge Amount.
If one of the current incumbents leaves the shared regular appointment, the remaining incumbent shall assume the full-time position, unless a further shared regular appointment is requested and approved.
The Borrower shall maintain Interest Rate Hedging Agreements with respect to a notional principal amount that is at least the Minimum Required Hedge Amount and not more than the Maximum Required Hedge Amount.
Each Hedge Agreement must satisfy the Required Hedge Amount and shall otherwise be in form and substance satisfactory to the Agent.
Each Hedge Agreement shall be in form and substance satisfactory to the Funding Agents, including, without limitation, having a notional amount based on the Required Hedge Amount.
Each Hedge Agreement must be in form and substance satisfactory to the Agent, the notional amounts shall be based on the Required Hedge Amount for such Funding Date and the expected future Loan Balances of the Timeshare Loans being acquired by the Issuer on such Funding Date.
BVAC, as Servicer, represents and verifies that all Receivables included in the Aggregate Receivables Balance are Eligible Receivables, as so defined in the Indenture (signature below signifies acceptance of this statement) BVAC, as Servicer, represents and verifies that no Event of Default or Termination Event has occurred (signature below signifies acceptance of this statement) BVAC, as Servicer, represents and verifies that a hedge equal to at least the Required Hedge Amount is in effect.
Thereafter, until the Maturity Date, the Borrower shall maintain Secured Hedge Agreements in full force and effect for not less than the Required Hedge Amount.
Enter into, or be assigned, Secured Hedge Agreements for at least the Required Hedge Amount within forty-five (45) days of the Closing Date with one or more Hedge Banks on terms and conditions reasonably satisfactory to the Required Lenders.

More Definitions of Required Hedge Amount

Required Hedge Amount means fifty percent (50%) of the outstanding principal balance of the Loan.

Required Hedge Amount means an amount equal to not less than 50% of the product of (a) the sum of (i) the Initial Consideration, (ii) the Non-Competition Payment, (iii) the Transitional Services Agreement Payment and (iv) for the period following the earlier of the (x) Outside Date, (y) the date on which Escrow Proceeds are released and (z) the Subsequent Closing Date following the receipt of all Airport Consents, all Subsequent Consideration effectively paid by the Purchaser Subsidiaries as of the relevant determination date and (b) the Lender's Percentage.

Required Hedge Amount means at least seventy-five percent (75%), but no more than one hundred percent (100%) subject to Section 2.03(d), of the aggregate notional principal amount of the Term Loans projected to be outstanding through the expected Maturity Date, as adjusted at each update of the Financial Model, to be provided under the Secured Hedge Agreements in accordance with Section 6.22, on a pro rata basis to each Lender’s Term Loan Commitment as of the Closing Date.

Required Hedge Amount means seventy-five percent (75%) of the outstanding principal balance of the Loan.