Hedges Sample Clauses
The Hedges clause defines the rights and obligations of parties regarding the use of hedging transactions to manage financial risks associated with a contract. Typically, it allows one or both parties to enter into derivative contracts, such as futures or options, to offset potential losses from price fluctuations in underlying assets or obligations. This clause ensures that parties can protect themselves against market volatility, thereby reducing uncertainty and stabilizing financial outcomes related to the agreement.
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Hedges. Except as set forth on Schedule 4.14, there are no Hedges, futures, options, swaps, or other derivatives with respect to the sale of Hydrocarbons from the Assets that will be binding on the Assets after Closing.
Hedges. ▇▇▇▇▇▇ at the front of your home must not exceed 1.6m in height, and the ▇▇▇▇▇▇ to the rear must not exceed 2.0m in height, other than with our written permission. ▇▇▇▇▇▇ and trees must not be removed without our written consent, and trees not pruned or pollarded without our written consent.
Hedges. Each of the Sellers shall obtain, and maintain ▇▇ ▇▇▇l force and effect, Hedges, as of each determination, with an aggregate purchase pric▇ ▇▇ ▇east equal to the total of the original principal balances of the Sellers' entire portfolio of Mortgage Loans plus the Buyer's entire portfolio of Mortgage Loans. Each of such Take-Out Commitments shall reflect only those terms and conditions as are permitted hereunder or are acceptable to the Administrative Agent. Each of the Sellers shall obtain, and maintain in full force and effect, forward purchase commitments (which may include options to sell Mortgage Loans to Approved Take-Out Investors, so long as the Approved Take-Out Investor is bound thereby) issued by Approved Take-Out Investors and obligating such Approved Take-Out Investors to purchase a portion of such Seller's subsequently acquired Mortgage Loans.
Hedges. (a) The Company has entered into an Interest Rate Exchange A▇▇▇▇▇▇nt with CoBank, ACB (the "Swap") with respect to the Bonds. Attached as Exhibit I is the confirmation for the Swap, which describes the terms of the Swap. The Issuer hereby identifies the Swap on its books and records for the Bonds, and the date hereof is no more than three days after the date the terms of the Swap were agreed to. The Issuer has directed that the Swap be included in the closing transcript for the Bonds and will retain this identification and copies of the Swap with its books and records maintained with respect to the Bonds, and the existence of the Swap will be noted on the first form relating to the Bonds that is filed with the Internal Revenue Service. The interest rate to be paid by the Corporation under the Swap is a fixed rate. The notional principal amount for each period of time under the Swap will be no more than the principal amount of the Bonds scheduled to be outstanding under the Indenture at such times. No portion of one party's payments under the Swap relates to a conditional or unconditional obligation by the other party to make a payment on a different date, and they do not require any up-front payment or other non-periodic payments. The counterparty on the Swap is not paying any broker's or bidding agent fees. The Swap has been entered into between the Corporation, which is the conduit borrower of the proceeds of the Bonds, and a party that is not related to the Issuer or the Corporation. The Swap covers all or part of the Bonds. Without regard to the Swap, the Bonds would be variable rate bonds. The payments received by the Corporation under the Swap correspond closely in time to the dates interest payments must be made on the Bonds. Payments to be made to the counterparty by the Corporation under the Swap are reasonably expected to be paid from the same source of funds that, absent the Swap, would be reasonably expected to be used to pay principal and interest on the Bonds. Based on the foregoing, the Swap will constitute a qualified hedge under Section 1.148-4(h) of the Regulations. Therefore, in determining Bond Yield, the Corporation's payments and receipts under the Swap are taken into account, together with the actual payments on the Bonds.
(b) Neither the Company, the Issuer nor any Related Person to either of them has entered into or expects to enter into any hedge (e.g., an interest rate swap, interest rate cap, futures contract, forward contract o...
Hedges. The Borrower shall cause the Originators to obtain, ▇▇▇ maintain in full force and effect, Hedges as of each date of determination, with an aggregate purcha▇▇ ▇▇▇ce at least equal to the total of the original principal balances of the Borrower's entire portfolio of Mortgage Loans plus the Originators' entire portfolio of Mortgage Loans.
