Hedging Banks. (a) A Lender (or an Affiliate of a Lender) which becomes a Hedging Bank shall accede to this Agreement and to the Intercreditor Agreement by delivery to the Security Agent of a duly completed and signed accession deed in the form required under the Intercreditor Agreement and by the Security Agent executing that accession deed.
Hedging Banks. 31.3.19 Subject to Clause 31.2 (No independent action), a Hedging Bank may exercise its rights under any Hedging Agreement to terminate, or close out of, any hedging transaction and to demand repayment of sums outstanding thereunder provided that (unless the Security Trustee or the Majority Lenders otherwise consents) it shall only exercise such rights if:
Hedging Banks. Except as otherwise expressly stated in this Agreement, the Agent shall have no liability under the Finance Documents whatsoever to any Hedging Bank.
Hedging Banks. Any decision which will affect the rights or obligation of any Hedging Bank will require its consent also subject as specifically provided otherwise in the Senior Finance Documents. The Hedging Agreements may be amended, varied, waived or modified by agreement between the parties thereto subject as provided in the Intercreditor Agreement.
Hedging Banks. Each Party acknowledges and agrees that each Bank that is party to a Hedging Agreement shall, by virtue of that fact, automatically be a Hedging Bank and accordingly have all of the rights and obligations of a Hedging Bank under and in respect of the Finance Documents.
Hedging Banks. The Security Agent shall be entitled to assume that each Hedging Bank is a Hedging Bank unless notified by the Agent to the contrary.
Hedging Banks. Each Hedging Bank agrees with the Lenders (but not with the Borrower or any other member of the Group) that it will not terminate any Hedging Agreement to which it is a party (each such Hedging Agreement being a “relevant Hedging Agreement”) except:
Hedging Banks. (a) Any person which is a Lender (or an Affiliate of a Lender) which has entered into a Hedging Document with a Borrower may as described in this clause 33.8 accede to this Agreement as Hedging Bank in respect of that Hedging Document, for the purpose of sharing in any recoveries under the Security Documents in respect of any liabilities owed to that Hedging Bank by the relevant Obligor under that Hedging Document. That person shall become a Hedging Bank by:
Hedging Banks. No person providing interest or currency swap or hedging facilities to any Obligor will be entitled to benefit from the undertakings of the Parties to this Agreement unless and until:
Hedging Banks. RIGHTS AND OBLIGATIONS
