Approved Hedge Counterparty definition

Approved Hedge Counterparty means any Lender or an Affiliate of any Lender.

Approved Hedge Counterparty means (a) Cargill, (b) BP or an Affiliate thereof, (c) any Lender or (d) a counterparty to a Commodity Hedge Agreement with the Borrowers approved by the Agent.

Approved Hedge Counterparty means each Arranger and each Original Lender and each of their Affiliates.

Examples of Approved Hedge Counterparty in a sentence

• Enter into any Commodity Hedge Agreement, whether with an Approved Hedge Counterparty or another Person, other than the Minimum Required Commodity Hedge Agreements or liquidate or terminate any of Minimum Required Commodity Hedge Agreements.

• Enter into or maintain in effect any Commodity Hedge Agreement containing any provision obligating the relevant Borrower to provide to the relevant Approved Hedge Counterparty any collateral, margin, letter of credit or any other form of security or credit support for the obligations, contingent or otherwise, of the relevant Borrower thereunder.

• Our results of operations may also be affected significantly by general and local economic and competitive conditions, changes in market interest rates, governmental policies and actions of regulatory authorities.

• Each of the Approved Hedge Counterparty, Second Lien Agent and the First Lien Agent hereby assume responsibility for keeping itself informed of the financial condition of the Borrower and each of the other Obligors and all other circumstances bearing upon the risk of nonpayment of the First Lien Obligations or the Second Lien Obligations.

• The new Approved Hedge Counterparty acknowledges and agrees that the terms of the Agreement shall control over the terms of the Security Documents to the extent of any conflict between the provisions thereof.

More Definitions of Approved Hedge Counterparty

Approved Hedge Counterparty means BP Corporation North America, Inc. or any of its Affiliates.

Approved Hedge Counterparty has the meaning given to such term in the Intercreditor Agreement.

Approved Hedge Counterparty means (a) Cargill, (b) any Lender or(c) a counterparty to a Commodity Hedge Agreement with the Borrowers approved by the Agent.

Approved Hedge Counterparty means each ‘Arranger’ and each ‘Original Lender’ (under and as defined in the Senior Facility Agreement) and each of their Affiliates;

Approved Hedge Counterparty means, at any time, (a) any Person engaged in the business of buying, selling and dealing in Hedge Agreements that is acceptable to the Administrative Agent and (i) has and maintains, or (ii) has a guarantor or other credit support provider that is acceptable to the Administrative Agent and has and maintains, a Credit Rating of A- or better from S&P or A3 or better from Xxxxx’x and (b) any Hedge Bank.

Approved Hedge Counterparty means any other Person that, at the time such Hedging Agreement is entered into is (a) the Administrative Agent, (b) the Collateral Agent, (c) the Arranger, (d) a Lender, (e) any Affiliate of any of the foregoing Persons or (f) any other Person whose corporate rating at the time of entering into the Hedging Agreement is A- or higher by S&P or whose senior unsecured long-term debt obligations at the time of entering into the Hedging Agreement are rated A- or higher by S&P (or whose obligations under the Hedging Agreement are guaranteed by another Person satisfying the foregoing ratings criteria).

Approved Hedge Counterparty means (a) any Lender or Agent or any Affiliate of a Lender or Agent, (b) any Person whose long-term senior unsecured debt rating is A-/A3 by S&P or Mxxxx’x (or their equivalent) or higher, (c) each Person listed on Schedule 1.1(c) and each of such Person’s Affiliates and (d) any other Person approved by the Administrative Agent in its reasonable discretion.