Examples of Secured Hedging Counterparty in a sentence
If any such Secured Hedging Counterparty defaults or becomes unable to perform due to insolvency or otherwise, the Issuer may not receive payments it would otherwise be entitled to from such Secured Hedging Counterparty to cover its foreign exchange exposure.
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In the event of the insolvency of a Secured Hedging Counterparty, the Issuer will be treated as a general creditor of the applicable Secured Hedging Counterparty.
None of the Issuer, the Trustee, the Custodian, the Investment Manager, the Collateral Administrator, any Secured Hedging Counterparty, the Initial Purchaser or any of their Affiliates has any liability to the VF Noteholders or Noteholders as to the amount or value of, or any decrease in the value of, the Issuer Investments from time to time.
The Issuer will depend upon each Secured Hedging Counterparty to perform its obligations under any applicable Secured Hedging Transactions.