Underlying Hedge Transaction definition

Underlying Hedge Transaction means any holding (whether direct or synthetic) by the Issuer or its designated Affiliates of Securities and/or financial instruments (of any kind) which the Issuer considers necessary for the purposes of hedging, funding or otherwise performing the Issuer’s obligations in respect of one Warrant. For the avoidance of doubt, the Issuer is not obliged to hold any Underlying Hedge Transaction. In the event that the Issuer and/or its designatedAffiliates have not entered into any Underlying Hedge Transaction(s) or have entered into one or more Underlying Hedge Transaction(s) in respect of some only of the Warrants, the Realisable Sale Price shall be the aggregate price at which the Notional Holder, being the holder of Securities underlying one Warrant would have been able to dispose of such Securities through the Exchange(s) on the Averaging Dates, less any Costs, as determined by the Calculation Agent in its sole and absolute discretion.
Sample 1Sample 2Sample 3
Underlying Hedge Transaction means any holding of such hedging arrangements and/or financial instruments (of any kind) by the Issuer, or its designated Affiliates, for the purposes of hedging an exposure in a basket of securities equal to the constituent stocks comprising the Number of Index Units per Warrant determined by reference to the formula for and method of calculating the Index at the relevant time. For the avoidance of doubt, the Issuer is not obliged to hold any Underlying Hedge Transaction. In the event that the Issuer and/or its designated Affiliates have not entered into any Underlying Hedge Transaction(s) or entered in one or more Underlying Hedge Transaction(s) in respect of some only of the Warrants, the "Underlying Hedge Transaction" shall also include such Underlying Hedge Transaction that would have been entered into by the Notional Holder for the purpose of hedging an exposure in a basket of securities equal to the constituent stocks then comprising the Number of Index Units per Warrant determined by reference to the formula for and method of calculating the Index at the relevant time.
Sample 1
Underlying Hedge Transaction means any holding (whether direct or synthetic) by the Issuer or its designated Affiliates of Securities and/or financial instruments (of any kind) which the Issuer considers necessary for the purposes of hedging, funding or otherwise performing the Issuer’s obligations in respect of one Warrant. For the avoidance of doubt, the Issuer is not obliged to hold any Underlying Hedge Transaction.
Sample 1

Examples of Underlying Hedge Transaction in a sentence

  • Cash Settlement: (i)Settlement Currency:USD (ii) Cash Settlement Payment Date: the fifth Business Day following the last date on which an unwind of any applicable Underlying Hedge Transaction (as defined in the applicable part of Condition 5) relating to the Warrants has been achieved or which the Calculation Agent determines would have been achievable by the Issuer and/or its designated Affiliates (iii) Payment of U.S. Dollar Equivalent: Not Applicable15.

  • Cash Settlement: (i) Settlement Currency:USD(ii) Cash Settlement Payment Date:The fifth Business Day following the last date on which an unwind of any applicable Underlying Hedge Transaction (as defined in the applicable part of Condition 5) relating to the Warrants has been achieved or which the Calculation Agent determines would have been achievable by the Issuer and/or its designated Affiliates(iii) Payment of U.S. Dollar Equivalent:Not Applicable15.

  • For the avoidance of doubt, the Issuer is not obliged to hold any Underlying Hedge Transaction.

  • Cash Settlement: (i) Settlement Currency:USD (ii) Cash Settlement Payment Date: the fifth Business Day following the last date on which an unwind of any applicable Underlying Hedge Transaction (as defined in the applicable part of Condition 5) relating to the Warrants has been achieved or which the Calculation Agent determines would have been achievable by the Issuer and/or its designated Affiliates (iii) Payment of U.S. Dollar Equivalent: Not Applicable15.

  • Cash Settlement: (i)Settlement Currency:USD(ii)Cash Settlement Payment Date:The fifth Business Day following the last date on which an unwind of any applicable Underlying Hedge Transaction (as defined in the applicable part of Condition 5) relating to the Warrants has been achieved or which the Calculation Agent determines would have been achievable by the Issuer and/or its designated Affiliates(iii)Payment of U.S. Dollar Equivalent:Not Applicable15.

  • Cash Settlement: (i) Settlement Currency:USD (ii) Cash Settlement Payment Date: the fifth Business Day following the last date on which an unwind of any applicable Underlying Hedge Transaction (as defined in the applicable part of Condition 5) relating to the Warrants hasbeen achieved or which the Calculation Agent determines would have been achievable by the Issuer and/or its designated Affiliates (iii) Payment of U.S. Dollar Equivalent: Not Applicable15.

  • Cash Settlement: (i)Settlement Currency:USD(ii)Cash Settlement Payment Date:The fifth Business Day following the last date on which an unwind of any applicable Underlying Hedge Transaction (as defined in the applicable part of Condition 5) relating to the Warrants has been achieved or which the Calculation Agent determines would have been achievable by the Issuer and/or its designated Affiliates(iii)Payment of U.S. Dollar Equivalent:Not Applicable 15.

  • Subject to the remainder of this Clause 16 – Part A (Indemnities), You will: (a) defend Dell against any Third-Party Claim; and (b) indemnify Dell by paying (i) the resulting costs and damages finally awarded against Dell by a court of competent jurisdiction to the extent such are the result of the Third-Party Claim; or (ii) the amounts stated in a written settlement negotiated and approved by You.

  • Cash Settlement: (i)Settlement Currency:USD (ii) Cash Settlement Payment Date: The fifth Business Day following the last date on which an unwind of any applicable Underlying Hedge Transaction (as defined in the applicable part of Condition 5) relating to the Warrants has been achieved or which the Calculation Agent determines would have been achievable by the Issuer and/or its designated Affiliates (iii) Payment of U.S. Dollar Equivalent: Not Applicable15.

  • Cash Settlement: (i) Settlement Currency:USD (ii) Cash Settlement Payment Date: The fifth Business Day following the last date on which an unwind of any applicable Underlying Hedge Transaction (as defined in the applicable part of Condition 5) relating to the Warrants has been achieved or which the Calculation Agent determines would have been achievable by the Issuer and/or its designated Affiliates (iii) Payment of U.S. Dollar Equivalent: Not Applicable15.

Related to Underlying Hedge Transaction

  • Permitted Bond Hedge Transaction means any call or capped call option (or substantively equivalent derivative transaction) on the Parent’s common Equity Interests purchased by the Parent in connection with the issuance of any Convertible Indebtedness; provided that the purchase price for such Permitted Bond Hedge Transaction does not exceed the net proceeds received by the Parent from the sale of such Convertible Indebtedness issued in connection with the Permitted Bond Hedge Transaction.

  • 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.

  • 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.

  • Swap Agreement means any agreement with respect to any swap, forward, future or derivative transaction or option or similar agreement involving, or settled by reference to, one or more rates, currencies, commodities, equity or debt instruments or securities, or economic, financial or pricing indices or measures of economic, financial or pricing risk or value or any similar transaction or any combination of these transactions; provided that no phantom stock or similar plan providing for payments only on account of services provided by current or former directors, officers, employees or consultants of the Borrower or the Subsidiaries shall be a Swap Agreement.

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

  • Rate Management Transaction means any transaction (including an agreement with respect thereto) now existing or hereafter entered into between the Borrower and any Lender or Affiliate thereof which is a rate swap, basis swap, forward rate transaction, commodity swap, commodity option, equity or equity index swap, equity or equity index option, bond option, interest rate option, foreign exchange transaction, cap transaction, floor transaction, collar transaction, forward transaction, currency swap transaction, cross-currency rate swap transaction, currency option or any other similar transaction (including any option with respect to any of these transactions) or any combination thereof, whether linked to one or more interest rates, foreign currencies, commodity prices, equity prices or other financial measures.

  • Hedging Transaction of any Person shall mean (a) any transaction (including an agreement with respect to any such transaction) now existing or hereafter entered into by such Person that is a rate swap transaction, swap option, basis swap, forward rate transaction, commodity swap, commodity option, equity or equity index swap or option, bond option, interest rate option, foreign exchange transaction, cap transaction, floor transaction, collar transaction, currency swap transaction, cross-currency rate swap transaction, currency option, spot transaction, credit protection transaction, credit swap, credit default swap, credit default option, total return swap, credit spread transaction, repurchase transaction, reverse repurchase transaction, buy/sell-back transaction, securities lending transaction, or any other similar transaction (including any option with respect to any of these transactions) or any combination thereof, whether or not any such transaction is governed by or subject to any master agreement and (b) any and all transactions of any kind, and the related confirmations, which are subject to the terms and conditions of, or governed by, any form of master agreement published by the International Swaps and Derivatives Association, Inc., any International Foreign Exchange Master Agreement, or any other master agreement (any such master agreement, together with any related schedules, a “Master Agreement”), including any such obligations or liabilities under any Master Agreement.