Hedging Debt Sample Clauses
Hedging Debt. Until the Discharge Date, no Hedging Bank or Long Term Hedging Bank shall, except with the prior consent of the Majority Lenders:
Hedging Debt. Until the Senior Discharge Date, no Hedging Bank shall, except with the prior consent of the Majority Senior Lenders:
(a) demand or receive payment, repayment or prepayment of any principal, interest or other amount on or in respect of, or make any distribution in respect of, any Hedging Debt in cash or in kind or apply any money or property in or towards discharge of any Hedging Debt, except as permitted by paragraph (d) below, Clause 12.1 (Permitted Hedging Payments) or Clause 15.3 (Filing of claims);
(b) exercise any set-off against any Hedging Debt, except as permitted by Clause 12.1 (Permitted Hedging Payments) or Clause 15.3 (Filing of claims);
(c) permit to subsist or receive any Security over any assets of any member of the Group, or any guarantee from any member of the Group, for, or in respect of, any Hedging Debt, other than under any Senior Security Document and the guarantees in any applicable Senior Finance Document; or
(d) terminate (or close out any transaction under) any Hedging Document prior to its stated maturity, except as permitted by Clause 21.1 (Permitted hedging enforcement).
Hedging Debt. Until the Senior Facility Discharge Date, no Obligor shall (and the Company shall ensure that no member of the Group will), except with the prior consent of the Senior Agent under the Senior Facility Agreement:
10.1.1 create or permit to subsist any Security over any of its assets, or give any guarantee, for, or in respect of, any Hedging Debt, other than under any Senior Security Document and the guarantees in any applicable Senior Finance Document.
Hedging Debt. Prior to the Enforcement Trigger Date:
47.2.1 each Obligor may make, and each Hedging Bank may receive and retain, any scheduled payments arising under the terms of the relevant Secured Hedging Agreement in accordance with the terms of the relevant Secured Hedging Agreement;
47.2.2 each Hedging Bank may only discharge any Hedging Debt under any netting arrangements in accordance with the terms of the relevant Secured Hedging Agreement to the extent that such Hedging Debt is permitted to be paid under Clause 47.2.1; and
47.2.3 each Hedging Bank may only discharge any Hedging Debt by set-off in accordance with the First Lien Credit Agreement and only to the extent that such Hedging Debt is permitted to be paid under Clause 47.2.1.
Hedging Debt. Until the Senior Facility Discharge Date, no Hedging Bank shall, except with the prior consent of the Senior Agent under the Senior Facility Agreement:
4.1.1 exercise or enforce any right against any Obligor under any of the Security Documents;
4.1.2 permit to subsist or receive any Security, or any guarantee, for, or in respect of, any Hedging Debt, other than under any Senior Security Document and the guarantees in any applicable Senior Finance Document;
4.1.3 take or omit to take any action whereby the ranking in respect of the Security contemplated by this Agreement may be impaired; or
4.1.4 assign any of its rights or transfer any of its rights or obligations under any Hedging Document to any person unless and until the Security Agent executes an Accession Agreement duly completed and signed on behalf of that person.
Hedging Debt