Secured Hedge Counterparty definition

Secured Hedge Counterparty means any Approved Counterparty that enters into a Secured Hedge Agreement and is a party hereto (including by a Collateral Trust Joinder in accordance with Section 3.8).

Secured Hedge Counterparty shall have the meaning provided in the Term Credit Agreement as originally in effect.

Secured Hedge Counterparty means any Person that, at the time of its entry into a Hedge Arrangement with a Credit Party, is a Lender or a Lender Affiliate. For the avoidance of doubt, a Person shall remain a Secured Hedge Counterparty if it ceases to be a Lender or a Lender Affiliate.

Examples of Secured Hedge Counterparty in a sentence

• Each of the Lender, the Administrative Agent, the Collateral Agent and each Permitted Secured Hedge Counterparty by acceptance of the benefits of this Agreement and the other Security Documents agree that their respective security interests in the Collateral shall rank pari passu and that the Secured Obligations shall be equally and ratably secured by the Security Documents subject to the terms hereof and subject to the Priority of Payments.

• The Borrower will at such times and from time to time as shall be reasonably requested by the Administrative Agent, the Collateral Agent or the Lender, supply a list in form and detail reasonably satisfactory to the Administrative Agent, the Collateral Agent and the Lender setting forth the amount (on both a notional and xxxx to market exposure basis) of the Hedge Agreement Obligations held by each Permitted Secured Hedge Counterparty as at a date specified in such request.

• The Collateral Agent agrees that, upon receipt of such Notice of Designation and acknowledgment, it will be deemed to have accepted such appointment by such Permitted Secured Hedge Counterparty.

• The Collateral Agent shall be entitled to rely upon the information provided to it by the Borrower or any Permitted Secured Hedge Counterparty pursuant to Section 6.02, and such information shall be conclusive and binding for all purposes of this Agreement, except to the extent the Collateral Agent shall have been notified by a Permitted Secured Hedge Counterparty that such information as set forth on any such list is inaccurate or in dispute between such Secured Party and the Borrower.

• The Lender and, by acceptance of the benefits of this Agreement and other Security Documents, each Permitted Secured Hedge Counterparty, hereby appoints and authorizes The Bank of New York Mellon to act as its agent hereunder with such powers as are specifically delegated to the Collateral Agent by the terms of this Agreement, together with such other powers as are reasonably incidental thereto.

More Definitions of Secured Hedge Counterparty

Secured Hedge Counterparty means any Person party to a Secured Hedging Arrangement other than an Obligor, in such Person’s capacity as a party thereto. For the avoidance of doubt, a Person shall remain a Secured Hedge Counterparty with respect to a Secured Hedging Arrangement if it ceases to be a Lender or Lender Affiliate.

Secured Hedge Counterparty means any Hedge Counterparty which is a Lender or an Affiliate thereof.

Secured Hedge Counterparty means each Senior Priority Secured Party in its capacity as a party to a Secured Hedge Agreement under which it is owed Secured Hedge Obligations and which is a party to this Agreement as at the date hereof or becomes a party to this Agreement as a Secured Hedge Counterparty pursuant to a Secured Hedge Counterparty Joinder Agreement.

Secured Hedge Counterparty shall have the meaning assigned to such term in Section 8.13.

Secured Hedge Counterparty means (a) any Hedge Bank, and (b) subject to executing and delivering an Intercreditor Agreement, any other Person approved from time to time by the Administrative Agent.

Secured Hedge Counterparty in the Intercreditor Agreement shall be deemed to include the New Secured Hedge Counterparty. The Intercreditor Agreement is hereby incorporated herein by reference.

Secured Hedge Counterparty each Secured Party that is a party to a Secured Hedge Agreement.