Bank Hedge Agreement definition

Bank Hedge Agreement means any interest rate Hedge Agreement required or permitted under Article V that is entered into by and between the Borrower and any Hedge Bank.

Bank Hedge Agreement means any interest rate Hedge Agreement permitted under Article V that is entered into by and between the U.S. Borrower and any Hedge Bank.

Bank Hedge Agreement means any Hedge Agreement entered into by Borrower with Agent or any of the Banks (or any of their respective Affiliates) in connection with the Debt.

Examples of Bank Hedge Agreement in a sentence

• The rights, powers and remedies given to Beneficiaries by this Guaranty are cumulative and shall be in addition to and independent of all rights, powers and remedies given to Beneficiaries by virtue of any statute or rule of law or in any of the Loan Documents or Hedge Bank Hedge Agreement or any agreement between one or more Guarantors and one or more Beneficiaries or between the Borrower or FinServ and one or more Beneficiaries.

• Each Guarantor covenants and agrees that, so long as any part of the Guaranteed Obligations shall remain unpaid, any Letter of Credit shall be outstanding, any Lender Party shall have any Commitment or any Bank Hedge Agreement shall be in effect, such Guarantor will perform or observe, and cause each of its Subsidiaries to perform or observe, all of the terms, covenants and agreements that the Loan Documents state that the Borrower is to cause such Guarantor or such Subsidiaries to perform or observe.

• Xxxxxx Xxxxxx & Associates, Inc., 000 Xxxx Xxxxxx, 00xx Xxxxx, Xxx Xxxx, XX 00000, Attention: Treasurer, telecopier number (000) 000-0000, if to the Agent or any Lender Party, at its address specified in the Credit Agreement, if to any Hedge Bank, at its address specified in the Bank Hedge Agreement to which it is a party, or as to any party at such other address as shall be designated by such party in a written notice to each other party.

• The Corporation agrees that it will maintain a Cash Collateral Account in accordance with this Security Agreement for so long as any of the Advances under the Term A Facility shall remain unpaid, any Letter of Credit issued at the request of the Corporation shall be outstanding, any Bank Hedge Agreement to which the Corporation is a party shall be in effect or the Corporation shall have any Commitment under the Credit Agreement.

More Definitions of Bank Hedge Agreement

Bank Hedge Agreement means any Hedge Agreement required or permitted under this Agreement that is entered into by and between the Borrower and any Hedge Bank.

Bank Hedge Agreement means an Interest Rate Contract or -------------------- Currency Hedging Agreement entered into between the Borrower and a Lender.

Bank Hedge Agreement means a Hedge Agreement between the Borrower and a Hedge Bank (or Hedge Banks) or a Secured Hedge Bank (or Secured Hedge Banks).

Bank Hedge Agreement means a Hedge Agreement entered into between any Loan Party and the Lender (or any Affiliate of the Lender). “Bank Hedge Transaction” shall mean a Hedge Transaction between any Loan Party and the Lender (or any Affiliate of the Lender).

Bank Hedge Agreement means a Hedge Agreement between the Borrower -------------------- and any Lender.

Bank Hedge Agreement means any Hedge Agreement entered into by Borrower with Agent or any of the Banks (or any of their respective Affiliates) in connection with the Debt. “Banking Services Agreement” shall mean any agreement to provide cash management services, including treasury management services (including controlled disbursement automated clearinghouse transactions, return items, overdrafts, foreign exchange netting and interstate depository network services), depository, overdraft, credit or debit card, stored value cards, electronic funds transfer and other cash management arrangements. “Banking Services Bank” shall mean any Person that, on the date of this Agreement or at the time it enters into a Banking Services Agreement, is a Bank or an Affiliate of a Bank, in its capacity as a party to such Banking Services Agreement. “Banking Services Obligations” shall mean all obligations of the Companies, whether absolute or contingent, and howsoever and whensoever created, arising, evidenced or acquired in connection with the provision of services pursuant to any Banking Services Agreement by any Banking Services Bank to any Company. “Bankruptcy Code” shall mean Title 11 of the United States Code entitled “Bankruptcy,” as now or hereafter in effect, or any successor thereto, as hereafter amended. “Base Rate” shall mean, for any day, a rate per annum equal to the highest of (a) the Prime Rate, (b) one-half of one percent (1/2%) in excess of the Federal Funds Effective Rate and (c) the applicable LIBOR Rate for a LIBOR Loan made that day with a one month Interest Period,Adjusted Term SOFR for a one month tenor in effect on such day (or if such day is not a Business Day, the immediately preceding Business Day) plus 1.50% per annum. Any change in the Base Rate due to a change in the Prime Rate, the Federal Funds Effective Rate or Adjusted Term SOFR shall be effective immediately from and afterincluding the effective date of such change in the BasePrime Rate, the Federal Funds Effective Rate or Adjusted Term SOFR, respectively. “Base Rate Loan” shall mean a Loan described in Section 2.1 hereof on which Borrower shall pay interest at a rate based on the Base Rate. “Borrower” shall have the meaning provided in the introductory paragraph to this Agreement. “Business Day” shall mean (i) a day of the year on which banks are not required or authorized to close in Cleveland, Ohio, and, if the applicable (ii) with respect to any matters relating to Term SOFR Loans, a SOFR Business Day re...

Bank Hedge Agreement means any interest rate Hedge Agreement that (i) is entered into by and between a Loan Party and any Hedge Bank in the ordinary course of business for the purpose of directly mitigating risks associated with liabilities, commitments, investments, assets, or property held or reasonably anticipated by such Loan Party, or changes in the value of securities issued by such Loan Party, and not for purposes of speculation or taking a “market view;” and (ii) does not contain any provision exonerating the non-defaulting party from its obligation to make payments on outstanding transactions to the defaulting party.