Hedging Strategy. Borrower shall be in compliance with the Hedging Strategy with respect to each Advance. Borrower shall have directed the Hedge Counterparty to deposit into the Collection Account all Swap Payments payable to the Borrower in respect of any Interest Rate Hedging Agreement and any Interest Rate Hedging Transaction thereunder.
Hedging Strategy. 4.01 The Borrower acknowledges the significance of addressing the interest rate risk inherent in this Agreement in cooperation with the Lender. Along these lines:
Hedging Strategy. Borrower shall implement and maintain a Hedging Strategy that is reasonably acceptable to Lender.
Hedging Strategy. From the date of this Agreement until the Final Maturity Date, the Borrower shall maintain and implement the Hedging Policy.
Hedging Strategy. Borrower shall have implemented and maintained a Hedging Strategy that is reasonably acceptable to Lender. For the avoidance of doubt, the obligation of Borrower to implement and maintain a reasonably acceptable Hedging Strategy under this Section 4.02(k) shall not derogate from the right of Lender to make a determination resulting in an Advance Rate Reduction.
Hedging Strategy. The Borrower has implemented an interest rate hedging strategy for the purpose of providing protection against fluctuations in interest rates and will maintain such hedging strategy during the term of this Agreement.
Hedging Strategy. (a) On or before the Closing Date, AmeriCredit, as the Servicer, on behalf of the Borrower for the benefit of the Noteholders, has established and shall maintain an account (the "Derivative Supplement Account") with a banking institution approved by the Noteholders (having account number 6800061702 (ABA:000-000-000; DDA# 0000 00000) into which the Required Derivative Supplement Amount (defined below) shall be deposited by the Servicer on behalf of the Borrower on each Borrowing Base Determination Date and each other date of determination required by the Noteholders in their sole discretion. Amounts on deposit in the Derivative Supplement Account shall be invested in category (a)(4) of the definition of Eligible Investments. On each Borrowing Base Determination Date and each other date of determination required by the Noteholders, the Borrower shall deposit into the Derivative Supplement Account an amount sufficient to purchase a Hedge Agreement to cover any increase in LIBOR above the Strike Price for the Borrowing Base (with respect to any Drawdown Date, including any Receivables for which an Advance has been made on such Drawdown Date) (the "Required Derivative Supplement Amount"). If, at any times the Net Spread is an amount equal to or less than 8.75%, the Noteholders shall have the right to purchase or require the Borrower to, and the Borrower shall, purchase, using amounts on deposit in the Derivative Supplement Account, a Hedge Agreement provided that, at any other time, the Borrower shall be permitted to purchase a Hedge Agreement and amounts on deposit in the Derivative Supplement Account may be used for such purpose so long as the 11- balance remaining after giving effect to such purchase is then sufficient to purchase a Hedge Agreement for any unhedged portion of the Receivables. If on any Business Day the amount on deposit in the Derivative Supplement Account exceeds the Required Derivative Supplement Amount, the Paying Agent, subject to the consent of the Noteholders, shall withdraw such excess amount and deliver it to an account designated by the Servicer.
Hedging Strategy. The Issuer shall implement and maintain a hedging strategy that is reasonably acceptable to the Note Purchaser; PROVIDED, THAT, for purposes of this subparagraph (h), a hedging strategy consisting of the Seller sponsoring one or more securitizations of pools of Receivables at least every 120 days during the term of the Notes shall be deemed acceptable to the Note Purchaser.
Hedging Strategy. The Borrower shall implement a commercially reasonable Hedging Strategy satisfactory to the Administrative Agent and the Borrower shall at all times thereafter maintain a commercially reasonable Hedging Strategy acceptable to the Administrative Agent if
Hedging Strategy. The Parent shall procure that each Borrower shall comply with a hedging strategy to be agreed between the Parent and the Arranger within 60 days following the Closing Date.
