Hedge Requirements. The Borrower shall be in compliance with all applicable Hedge Requirements.
Hedge Requirements. Borrower has amended its existing Hedge Agreements to be in compliance with all Hedge Requirements in effect as of the Second Amendment and Restatement Date and has provided a schedule identifying all Hedge Agreements then in effect and their strike rate (as amended) and an updated Borrowing Base Certificate incorporating any corresponding changes to the applicable Advance Rates.
Hedge Requirements. At the request of the Deal Agent, the Debtor shall enter into one or more Hedge Transactions for the Note for the purpose of hedging its obligations under this Agreement, provided that each such Hedge Transaction shall be entered into with a Hedge Counterparty and governed by a Hedging Agreement and all payments made by the Hedge Counterparty with respect to each such Hedge Transaction shall be made to the Collection Account. As additional security hereunder, Debtor hereby assigns to the Collateral Agent on behalf of the Holders of the Note all right, title and interest of Debtor in each related Hedging Agreement, each related Hedge Transaction, and all present and future amounts payable by a related Hedge Counterparty to the Debtor under or in connection with the respective Hedging Agreement and Hedge Transaction(s) with that Hedge Counterparty ("HEDGE COLLATERAL"), and grants a security interest to the Collateral Agent, for the benefit of the Secured Parties, in the Collateral. Debtor acknowledges that, as a result of that assignment, Debtor may not, without the prior written consent of the Note Investor, exercise any rights under any related Hedging Agreement or Hedge Transaction, except for Debtor's right under any Hedging Agreement to enter into Hedge Transactions in order to meet the Debtor's obligations under this SECTION 3.8. Nothing herein shall have the effect of releasing the Debtor from any of its obligations under any Hedging Agreement or any Hedge Transaction, nor be construed as requiring the consent of any Secured Party to the performance by the Debtor of any such obligations. The Debtor shall enter into one or more ISDA Master Agreements, together with related schedules thereto, each in form and substance satisfactory to the Deal Agent. The Debtor may not terminate any Hedge Transaction except with the prior written consent of all Noteholders.
Hedge Requirements. (a) The Borrower will, at its expense, arrange to enter into one or more Hedge Transactions for each Series satisfying the requirements of this Section 2.12 by no later than the initial Funding Date for such Series. With respect to each Series, the Borrower’s Hedge Transactions with respect to the Loans of such Series shall: (i) satisfy the Notional Hedge Amount Requirements for such Series and (ii) incorporate such other terms as the Arranger or the Facility Agent may reasonably direct in consultation with the Borrower.
Hedge Requirements. The Hedge Level and each of the requirements of Section ------------------ 5.2.
Hedge Requirements. SECTION 6.3 of the Agreement is hereby amended by deleting PARAGRAPH (a) thereof in its entirety and substituting therefor the following PARAGRAPH (a):
Hedge Requirements. The Issuer shall, at all times, so long as the Notes remain unpaid, provide Hedge Agreements and/or Hedge Reserve Amounts in accordance with the terms described in this Section 3.03 (the “Hedge Requirements”).
Hedge Requirements. The Borrower shall enter into one or more Hedge Transactions for the purpose of hedging its obligations under this Agreement, provided that each such Hedge Transaction shall be entered into with a Hedge Counterparty and governed by a Hedging Agreement and all payments made by the Hedge Counterparty with respect to each such Hedge Transaction shall be made to the Collection Account. As additional security hereunder, Borrower hereby assigns to the Secured Parties all right, title and interest of Borrower in each Hedging Agreement, each Hedge Transaction, and all present and future amounts payable by a Hedge Counterparty to Borrower under or in connection with the respective Hedging Agreement and Hedge Transaction(s) with that Hedge Counterparty ("HEDGE COLLATERAL"), and grants a security interest to the Secured Parties in the Hedge Collateral. Borrower acknowledges that, as a result of that assignment, Borrower may not, without the prior written consent of the Lender, exercise any rights under any Hedging Agreement or Hedge Transaction, except for Borrower's right under any Hedging Agreement to enter into Hedge Transactions in order to meet the Borrower's obligations under this Section 7.1(x). Nothing herein shall have the effect of releasing the Borrower from any of its obligations under any Hedging Agreement or any Hedge Transaction, nor be construed as requiring the consent of any Secured Party to the performance by the Borrower of any such obligations.
