Hedging Requirements. The Borrower shall maintain "Interest Rate Hxxxxx" (as defined below) on a notional amount of Indebtedness of the Borrower and its Subsidiaries which, when added to the aggregate principal amount of Indebtedness of the Borrower and its Subsidiaries which bears interest at a fixed rate, equals or exceeds 75% of the aggregate principal amount of all Indebtedness of the Borrower and its Subsidiaries. "Interest Rate Hxxxxx" shall mean interest rate exchange, collar, cap, swap, adjustable strike cap, adjustable strike corridor or similar agreements having terms, conditions and tenors reasonably acceptable to the Payment and Disbursement Agent entered into by the Borrower and/or its Subsidiaries in order to provide protection to, or minimize the impact upon, the Borrower and/or such Subsidiaries of increasing floating rates of interest applicable to Indebtedness.
Hedging Requirements. The Company shall not permit the aggregate outstanding amount of the Loans to exceed $20,000,000 unless:
Hedging Requirements. Other than the Hedge Contracts required to be entered into and maintained pursuant to Section 5.12 hereof or the last sentence of this Section 6.14, the Borrower shall not, nor shall it permit any of its Subsidiaries to, (a) purchase, assume, or hold a speculative position in any commodities market or futures market or enter into any Hydrocarbon Hedge Agreement, Interest Hedge Agreement or similar hedge arrangement for speculative purposes, (b) be party to or otherwise enter into any Hedge Contract which (i) is entered into for reasons other than as a part of its normal business operations as a risk management strategy and/or hedge against changes resulting from market conditions related to the Borrower’s operations, (ii) covers notional volumes in excess of 80% of the anticipated production volumes attributable to “proved, developed and producing” Proven Reserves of the Borrower and its Subsidiaries during the period such hedge arrangement is in effect, or (iii) is longer than five years in duration from the date such Hedge Contract is entered into, or (c) enter into any Hedge Contract prior to January 1, 2011 which covers production of natural gas unless the notional volumes of existing Hedge Contracts cover less than 80% of the anticipated production volumes of natural gas attributable to “proved, developed and producing” Proven Reserves of the Borrower and its Subsidiaries. Furthermore, on or prior to the 10th Business Day following the Effective Date, the Borrower shall have entered into and thereafter maintain (or shall have caused the applicable Subsidiary to have entered into and thereafter maintain) Hedge Contracts covering at least 75% of the anticipated production volumes attributable to “proved, developed and producing” Proven Reserves of the Borrower and its Subsidiaries through December 31, 2014, as set forth in the initial Independent Engineering Report delivered under Section 3.01(a)(ix) and at such prices acceptable to the Administrative Agent.
Hedging Requirements. Upon prior written notice from the Agent to the Issuer and the Servicer, the Issuer shall enter into a Hedge Agreement with a Qualified Hedge Counterparty and upon execution thereof shall pledge all of the Issuer’s right, title and interest under such Hedge Agreement to the Indenture Trustee for the benefit of the Agent on behalf of the Purchasers pursuant to Section 2.3 hereof and the Indenture. Each Hedge Agreement shall be in form and substance satisfactory to the Agent, including, without limitation, having a notional amount based on the Required Hedge Amount.
Hedging Requirements. Within five (5) Domestic Business Days after the last day of each calendar quarter, commencing December 31, 1996, the Borrower shall have in effect "Interest Rate Xxxxxx" on Borrower's Indebtedness so that such Indebtedness, together with all Fixed Rate Indebtedness of Borrower, shall constitute at least fifty percent (50%) of the then aggregate Indebtedness of the Borrower. "Interest Rate Xxxxxx" shall mean interest rate exchange, collar, cap, swap, adjustable strike cap, adjustable strike corridor or similar agreements, each of which (i) shall have a minimum term of two (2) years, or, in the case of loans pursuant to which interest shall accrue at a rate other than a fixed rate, a term equal to the term of such floating rate loan (to the extent the term of such floating rate loan is less than two (2) years), (ii) shall have the effect of capping the interest rates covered thereby at a rate equal to or lower than the Cap Rate at the time of purchase or execution, and (iii) shall be with an Approved Bank as the counterparty. It is acknowledged and agreed that the Borrower shall have no obligation to replace any Interest Rate Hedge even if the counterparty thereto shall cease to be an Approved Bank. The Borrower shall submit evidence of its compliance with Interest Rate Xxxxxx to the Lead Agent together with the certificate required to be delivered by the Borrower pursuant to Section 5.1(c).
Hedging Requirements. The Borrower shall:
Hedging Requirements. Within five (5) Domestic Business Days after the last day of each calendar quarter, commencing March 31, 1998, the Borrower shall have in effect "Interest Rate Xxxxxx" on Borrower Debt so that Borrower's Floating Rate Indebtedness shall not exceed twenty percent (20%)
Hedging Requirements. (a) Subject to the provisions of clause (c) and Sections 10.11 and 11.1(j), each of CSSW Parent and the Borrower shall, and shall cause each of its Subsidiaries to, maintain in full force and effect the Initial Power Hedging Documents and/or, if applicable, any Replacement IPH Document entered in to in accordance with Section 11.1(j); provided that, in the event that any Replacement IPH Document has a term that is less than the remaining term of the Initial Power Hedging Documents or the Replacement IPH Document that such agreement has replaced as permitted by Section 11.1(j) (such shortfall in term, the “Non-hedged Term”), then on or prior to the expiration or termination of such Replacement IPH Document, each of CSSW Parent and the Borrower shall, and shall cause each of its Subsidiaries to, enter into one or more additional Replacement IPH Documents until expiration of the Non-Hedged Term that in the aggregate will cover the Non-hedged Term for, in each case, the longest term it can obtain on commercially reasonable terms using up to the amount of collateral support that was required to be provided under the Initial Power Hedging Documents that was originally replaced with such Replacement IPH Documents.
Hedging Requirements. The Borrowers and CarrAmerica LP shall maintain "Interest Rate Xxxxxx" (as defined below) on a notional amount of the Debt of the Borrowers and CarrAmerica LP and their Subsidiaries which, when added to the aggregate principal amount of the Debt of the Borrowers, CarrAmerica LP and their Subsidiaries which bears interest at a fixed rate, equals or exceeds 75% of the aggregate principal amount of all Debt of the Borrowers and CarrAmerica LP and their Subsidiaries. "Interest Rate Xxxxxx" shall mean interest rate exchange, collar, cap, swap, adjustable strike cap, adjustable strike corridor or similar agreements having terms, conditions and tenors reasonably acceptable to the Lead Agent entered into by the Borrowers and/or CarrAmerica LP and/or their Subsidiaries in order to provide protection to, or minimize the impact upon, the Borrowers and/or CarrAmerica LP and/or such Subsidiaries of increasing floating rates of interest applicable to Debt.
Hedging Requirements. 4.1 The Client, as a pre-condition of the entry into each Transaction, is required to have sufficient initial margin on the Client Account opened in relation hereto, whose amount shall be determined periodically by the eBrókerház Zrt. at its sole discretion (hereinafter the “Collateral”), with the stipulation that its minimum amount shall always be in line with the percentage of the nominal value of the position laid down by the Central Bank of Hungary in its Decision no. H-XX-III-10/2020 with regard to the underlying asset. The Client may also receive information on the amount of the Collateral through the trading platform made available by the Company. The Client, in accordance with the foregoing, is required to monitor such notifications and to comply with the requirements described hereunder; in light of this, the Client shall provide a sufficient amount of Collateral on the Trading Account to cover the provision of Client’s orders. If there is insufficient amount of Collateral on the Trading Account, then the eBrókerház Zrt. is not required accept any Client orders until adequate collateral is posted on the Client’s Trading Account. The Client acknowledges and agrees that if he has several client accounts with the Company, the balance of such accounts cannot be aggregated for the availability of the Collateral required to conclude the Transaction, the Collateral required to the order placed under this Trading Agreement shall be determined only on the basis of the margin kept on the Client Account related to this Trading Agreement.
