Secured Hedge Agreement Reserve definition

Secured Hedge Agreement Reserve means the aggregate amount of reserves established by the Administrative Agent from time to time in its Permitted Discretion in respect of, the outstanding the Secured Hedge Obligations under Qualified Secured Hedge Agreements; provided that such reserve shall at all times equal to the maximum amount of all Qualified Secured Hedge Agreements outstanding at such time, as may be updated from time to time by written notice to the Administrative Agent from the Company and the applicable Hedge Bank (so long as the taking of a Secured Hedge Agreement Reserve at such time in such updated amount would not cause an Overadvance); provided, further, that no such reserve shall be taken with respect to any Secured Hedge Obligations other than Secured Hedge Obligations owed under Qualified Secured Hedge Agreements.
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Secured Hedge Agreement Reserve means the aggregate amount of reserves established by the Administrative Agent from time to time in its Permitted Discretion in respect of, the outstanding the Secured Hedge Obligations under Qualified Secured Hedge Agreements; provided that such reserve shall at all times equal to the maximum amount of all Qualified Secured Hedge Agreements outstanding at such time, as may be updated from time to time by written notice to the Administrative Agent from the Company and the applicable Hedge Bank (so long as the taking of a Secured Hedge Agreement Reserve at such time in such updated amount would not cause an Overadvance); provided , further , that no such reserve shall be taken with respect to any Secured Hedge Obligations other than Secured Hedge Obligations owed under Qualified Secured Hedge Agreements.
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Related to Secured Hedge Agreement Reserve

  • Secured Hedge Agreement means any Swap Contract that is entered into by and between any Loan Party and any Hedge Bank.

  • Secured Hedging Agreement means any Hedging Agreement that is entered into by and between the Borrower or any Restricted Subsidiary and any Hedge Bank.

  • Guaranteed Hedge Agreement means any Hedge Agreement required or permitted under Article V that is entered into by and between any Loan Party and any Hedge Bank.

  • Secured Hedging Obligations means all debts, liabilities and obligations of the Borrower or any Restricted Subsidiary in respect of any Secured Hedging Agreement.

  • Secured Swap Agreement means a Swap Agreement between (a) any Loan Party and (b) a Secured Swap Provider.

  • Hedge Agreements means interest rate swap, cap or collar agreements, interest rate future or option contracts, currency swap agreements, currency future or option contracts and other similar agreements.

  • Hedge Agreement means any (a) hedge agreement, interest rate swap, cap, collar or floor agreement, or other interest rate management device entered into by a Company with any Person in connection with any Indebtedness of such Company, or (b) currency swap agreement, forward currency purchase agreement or similar arrangement or agreement designed to protect against fluctuations in currency exchange rates entered into by a Company.

  • Secured Cash Management Agreement means any Cash Management Agreement that is entered into by and between any Credit Party and any Cash Management Bank.

  • Secured Hedge Obligations means Obligations under Secured Hedge Agreements.

  • Hedging Agreement means any interest rate protection agreement, foreign currency exchange agreement, commodity price protection agreement or other interest or currency exchange rate or commodity price hedging arrangement.

  • Hedging Agreements means, collectively, interest rate protection agreements, foreign currency exchange agreements, commodity purchase or option agreements or other interest or exchange rate or commodity price hedging agreements, in each case, entered into or purchased by a Credit Party.

  • Secured Swap Obligations means all Swap Obligations under any Secured Swap Agreement.

  • Interest Rate Hedging Agreement means any interest rate protection agreement or other interest rate hedging arrangement.

  • Permitted Hedging Agreement of any Person means any Hedging Agreement entered into with one or more financial institutions in the ordinary course of business that is designed to protect such Person against fluctuations in interest rates or currency exchange rates with respect to Indebtedness Incurred and not for purposes of speculation and which, in the case of an interest rate agreement, shall have a notional amount no greater than the principal amount at maturity due with respect to the Indebtedness being hedged thereby.

  • Commodity Hedging Agreement means any forward contract, swap, option, hedge or other similar financial agreement or arrangement designed to protect against fluctuations in commodity prices.

  • Guaranteed Cash Management Agreement means any Cash Management Agreement that is entered into by and between any Loan Party and any Cash Management Bank.

  • Specified Hedging Agreement means any Interest Rate/Currency Hedging Agreement entered into by the Borrower or any Subsidiary Guarantor and any Qualified Counterparty.

  • Rate Hedging Obligations of a Person means any and all obligations of such Person, whether absolute or contingent and howsoever and whensoever created, arising, evidenced or acquired (including all renewals, extensions and modifications thereof and substitutions therefor), under (a) any and all Rate Hedging Agreements, and (b) any and all cancellations, buy backs, reversals, terminations or assignments of any Rate Hedging Agreement.