Financial Hedge Instruments Sample Clauses

Financial Hedge Instruments. Engage in or enter into any derivatives or hedging transactions of any kind other than transactions regarding the hedging of interest rate or exposure, provided that such transactions are not entered into for speculative purposes.
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Financial Hedge Instruments. If DWR has entered into any financial hedge transactions that will remain operable after the Effective Date of this Agreement, DWR shall retain full administrative and operational control over such transactions and Utility shall have no associated responsibility whatsoever. [Statement as to Utility’s ability to enter into xxxxxx on behalf, if any, - to be provided by DWR.] DWR draft of 11/6/02 EXHIBIT C SETTLEMENT PRINCIPLES FOR REMITTANCES AND SURPLUS REVENUES This Exhibit C delineates the method by which Utility will calculate revenues associated with surplus sales and retail customer deliveries, the payment of Contract and Interim Contract invoices, and the manner in which DWR will settle with fuel supplier and transporter. This Exhibit C works in conjunction with the applicable Servicing Arrangement with Utility for purposes of determining the remittance amount. This Exhibit C provides the basis for the calculations of hourly retail revenues and hourly surplus sales due to DWR from Utility’s customers and Utility respectively. In each case Utility will serve as DWR’s billing and collection agent. In accordance with the Contract Allocation Order, this Exhibit C provides that: • Revenues will be allocated for both surplus sales and retail customer deliveries pro rata, based on dispatched quantities of energy. • The principle of least cost economic dispatch is reinforced through these revenue allocation protocols, by allocating least cost resources to retail loads in priority to serving non-retail obligations or market sales. • Surplus sales quantities will be calculated as total dispatched energy quantities from the aggregate Utility resource portfolio, less loads. Loads include retail load and existing Utility non-retail load. The method and calculations herein, together with the applicable Servicing Arrangement, form a substantive component of the accounting protocols required to implement the Contract Allocation Order. This Exhibit should also be read in conjunction with Exhibit F (“Data Requirements”). The data requirements (in Exhibit F) are essential to the establishment of accountability and responsibility of Utility to DWR in carrying out its obligations under this Agreement. As noted above, the Contract Allocation Order requires least cost economic dispatch. If in any hour dispatchable resources were to be dispatched to serve retail load prior to all zero cost resources being utilized, within a reasonable margin for estimation error1, the princi...
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Financial Hedge Instruments. Engage in financial hedge transactions of any kind other than financial hedge transactions such as mandatory commitments with FNMA, FHLMC or others or interest rate caps provided such transactions are in the Obligors' ordinary course of business consistent with past practices and are not for speculative purposes.
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Financial Hedge Instruments. 64 Section 8.10. Guaranties, Etc...................................64 Section 8.11. Transactions With Affiliates......................64 Section 8.12. Margin Regulations................................64 Section 8.13. Subwarehousing....................................65 Section 8.14. Bulk Purchases of Mortgage Loans..................65
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Financial Hedge Instruments. 47 Section 7.10.
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Related to Financial Hedge Instruments

  • Secured Cash Management Agreements and Secured Hedge Agreements Except as otherwise expressly set forth herein, no Cash Management Bank or Hedge Bank that obtains the benefit of the provisions of Section 8.03, the Guaranty or any Collateral by virtue of the provisions hereof or any Collateral Document shall have any right to notice of any action or to consent to, direct or object to any action hereunder or under any other Loan Document or otherwise in respect of the Collateral (including the release or impairment of any Collateral) (or to notice of or to consent to any amendment, waiver or modification of the provisions hereof or of the Guaranty or any Collateral Document) other than in its capacity as a Lender and, in such case, only to the extent expressly provided in the Loan Documents. Notwithstanding any other provision of this Article IX to the contrary, the Administrative Agent shall not be required to verify the payment of, or that other satisfactory arrangements have been made with respect to, Secured Obligations arising under Secured Cash Management Agreements and Secured Hedge Agreements except to the extent expressly provided herein and unless the Administrative Agent has received a Secured Party Designation Notice of such Secured Obligations, together with such supporting documentation as the Administrative Agent may request, from the applicable Cash Management Bank or Hedge Bank, as the case may be. The Administrative Agent shall not be required to verify the payment of, or that other satisfactory arrangements have been made with respect to, Secured Obligations arising under Secured Cash Management Agreements and Secured Hedge Agreements in the case of a Facility Termination Date.

  • Hedging Agreements The Borrower will not, and will not permit any of its Subsidiaries to, enter into any Hedging Agreement, other than Hedging Agreements entered into in the ordinary course of business to hedge or mitigate risks to which the Borrower or any Subsidiary is exposed in the conduct of its business or the management of its liabilities.

  • Hedging Arrangements To the extent any Affiliate of a Lender is a party to a Secured Hedging Agreement with the Borrower, such Affiliate of a Lender shall be deemed to appoint the Administrative Agent its nominee and agent, and to act for and on behalf of such Affiliate in connection with the Security Documents and to be bound by this Article IX.

  • Hedging Obligations 13 Holder............................................................. 13 Indebtedness....................................................... 13 Indenture ......................................................... 14

  • Financial Instruments Not applicable

  • Hedging Contracts No Restricted Person will be a party to or in any manner be liable on any Hedging Contract, except:

  • Hedge Agreements On each date that any Hedge Agreement is executed by any Hedge Provider, Borrower and each other Loan Party satisfy all eligibility, suitability and other requirements under the Commodity Exchange Act (7 U.S.C. § 1, et seq., as in effect from time to time) and the Commodity Futures Trading Commission regulations.

  • Deposit Account Transactions (a) The Bank or its Subcustodians will make payments from the Deposit Account upon receipt of Instructions which include all information required by the Bank.

  • Hedging Agreement Any termination payment shall be due by the Borrower under any Hedging Agreement and such amount is not paid within ten (10) Business Days of the due date thereof.

  • Swap Agreement The Depositor hereby directs the Securities Administrator to execute and deliver on behalf of the Trust the Swap Agreement and authorizes the Securities Administrator to perform its obligations thereunder on behalf of the Supplemental Interest Trust in accordance with the terms of the Swap Agreement. The Depositor hereby authorizes and directs the Securities Administrator to ratify on behalf of the Supplemental Interest Trust, as the Supplemental Interest Trust’s own actions, the terms agreed to by the Depositor in relation to the Swap Agreement, as reflected in the Swap Agreement, and the Securities Administrator hereby so ratifies the Swap Agreement. If based upon a notice from the valuation agent pursuant to section 4(c) of the credit support annex, the Securities Administrator determines that a delivery amount exists, then the Securities Administrator shall demand such amount pursuant to section 3(a) of the credit support annex. The Securities Administrator shall amend the Swap Agreement in accordance with its terms and as requested in writing by a party to the Swap Agreement to cure any ambiguity in or correct or supplement any provision of, the Swap Agreement; provided, however, that any such amendment will not have a material adverse effect to a Certificateholder as evidenced by a written confirmation from each Rating Agency that such amendment would not result in the reduction or withdrawal of the then current ratings of any outstanding Class of Certificates. The Swap Agreement shall not part of any REMIC. The Swap Provider is the calculation agent under the Swap Agreement and shall calculate all amounts pursuant to the Swap Agreement and notify the Securities Administrator of all such amounts. The Depositor hereby directs the Securities Administrator to execute, deliver and perform its obligations under the Swap Agreement on the Closing Date and thereafter on behalf of the Holders of the Offered Certificates and the Class M-10 and Class M-11 Certificates. The Seller, the Depositor, the Servicer and the Holders of the Offered Certificates and the Class M-10 and Class M-11 Certificates by their acceptance of such Certificates acknowledge and agree that the Securities Administrator shall execute, deliver and perform its obligations under the Swap Agreement and shall do so solely in its capacity as Securities Administrator of the Supplemental Interest Trust and not in its individual capacity. The Depositor hereby instructs the Securities Administrator to make any and all demands for Eligible Collateral (as defined in the ISDA Master Agreement) under the Swap Agreement from the Swap Provider in satisfaction of the Delivery Amount (as defined in the ISDA Master Agreement) requirement. The Depositor hereby instructs the Securities Administrator to deliver notice to the Swap Provider upon any failure of the Swap Provider to transfer the Delivery Amount (as defined in the ISDA Master Agreement) pursuant to an Approved Credit Support Document (as defined in the Swap Agreement).

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