Eligible Hedging Agreements definition
Eligible Hedging Agreements means one or more agreements between the Loan Parties and certain of the Lenders or an Affiliate of a Lender (collectively, the “Hedge Lenders”) evidenced by a form of agreement approved by the International Swaps and Derivatives Dealers Association, Inc. (or other form approved by the Administrative Agent) using the full two-way payment method to calculate amounts payable thereunder and evidencing (i) any interest rate hedge (including any interest rate swap, cap or collar); or (ii) any foreign exchange hedge, provided that any such hedging agreements entered into by any Loan Party and any Person at the time that such Person was a Lender hereunder shall continue to be an Eligible Hedging Agreement notwithstanding that such Person ceases, at any time, to be a Lender hereunder.
Eligible Hedging Agreements means any Hedging Agreement between a Loan Party and any Lender or its Affiliates (the “Hedge Lender”), provided that (i) such Hedging Agreement is not entered into for speculative purposes; (ii) the term of such Hedging Agreement shall not exceed the Maturity Date; (iii) the terms and conditions of such Hedging Agreement, including pricing, shall be determined by the Lead Swap Arranger and the applicable Hedge Lender and communicated to the applicable Loan Party for acceptance; and (iv) the applicable Loan Party shall have executed and delivered an ISDA Master Agreement, in form and substance satisfactory to the Lead Swap Arranger and the applicable Hedge Lender, and provided further that any Hedge Termination Value owing by a Hedge Lender upon designation of an Early Termination Date (as such term is defined in the ISDA Master Agreement), has been assigned to the Agent as security for the Secured Obligations. The Lead Swap Arranger has been appointed lead arranger on all Eligible Hedging Agreements with the Loan Parties and shall promptly offer all eligible Hedge Lenders the opportunity to participate in all Hedging Agreements at the discretion of the Borrowers.
Eligible Hedging Agreements means one or more interest rate or currency rate hedging agreements between a Loan Party and any Lender or an Affiliate of such Lender (collectively, the “Hedge Lenders”); provided that (a) any Swap Termination Value owing by such Hedge Lender upon designation of an Early Termination Date (as such term is defined in the ISDA Agreement), has been assigned to the Agent as security for the Secured Obligations, and (b) any such interest rate or currency rate hedging agreements entered into by a Loan Party and any Person at the time that such Person or Affiliate of such Person was a “Lender” hereunder shall continue to be an Eligible Hedging Agreement notwithstanding that such Person or Affiliate of such Person ceases, at any time, to be a “Lender” hereunder.
Examples of Eligible Hedging Agreements in a sentence
In addition and for greater certainty, as between the Agent and the Lenders only, the Lead Swap Arranger shall not be responsible for monitoring or verifying the outstanding obligations under Eligible Hedging Agreements from time to time, and for monitoring or verifying the priority and effectiveness of the Liens securing the Eligible Hedging Agreement obligations.
Not enter into any Hedging Agreements or other agreements related to Hedging Obligations , other than Eligible Hedging Agreements ..
At all times during a Hedging Period in which any Capital is outstanding under this Agreement, the Borrower shall cause one or more Eligible Hedging Agreements to be in place under which the aggregate notional amount of all Eligible Hedging Transactions will at all times at least equal 75% of the Facility Limit, with the notional amount of such Eligible Hedging Transactions amortizing according to a schedule approved in writing by the Deal Agent.
More Definitions of Eligible Hedging Agreements
Eligible Hedging Agreements means one or more agreements between any Borrower and one or more of the Lenders or one or more Persons who, at the time of entering into such agreement or agreements, are Lenders evidenced by a form of agreement approved by the International Swaps and Derivatives Dealers Association Inc. (or other form approved by the Agent) using the full two-way payment method to calculate amounts payable thereunder and evidencing any interest rate hedge (including any interest rate swap, cap or collar) or any foreign exchange hedge, in each case, in respect of which payments or settlement shall be made in cash only, as the same may at any time and from time to time be amended, restated, supplemented, otherwise modified or replaced, including any such agreements existing on the Closing Date.
Eligible Hedging Agreements means one or more agreements between the Loan Parties and a Lender or an Affiliate of a Lender (collectively, the “Hedge Lenders”), evidenced by
Eligible Hedging Agreements means one or more agreements between the Loan Parties and a Lender or an Affiliate of a Lender (collectively, the “Hedge Lenders”), evidenced by a form of agreement published by the International Swaps and Derivatives Association, Inc. (or other form approved by the Administrative Agent) using the full two-way payment method to calculate amounts payable thereunder and evidencing (i) any interest rate hedge (including any interest rate swap, cap or collar); or (ii) any foreign exchange hedge, provided that any such hedging agreement entered into by any Loan Party and any Person that (i) was entered into prior to the date of this Agreement with a Person that as of the date of this Agreement becomes a Lender or (ii) was a Lender at the time such agreement was entered into, shall continue to be an Eligible Hedging Agreement notwithstanding that such Person ceases, at any time, to be a Lender hereunder.
Eligible Hedging Agreements means one or more agreements between the Loan Parties and a Lender or an Affiliate of a Lender (collectively, the “Hedge Lenders”), evidenced by a form of agreement published by the International Swaps and Derivatives Association, Inc. (or other form approved by the Administrative Agent) using the full two-way payment method to calculate amounts payable thereunder and evidencing (i) any interest rate hedge (including any interest rate swap, cap or collar); or (ii) any foreign exchange hedge, provided that, until the Second Lien Repayment Date, the aggregate amount of all Hedging Obligations of the Loan Parties owing to the Hedge Lenders under Eligible Hedging Agreements at any time shall not exceed $5,000,000, and provided further that any such hedging agreements entered into by any Loan Party and any Person that (i) was entered into prior to the date of this Agreement with a Person that as of the date of this Agreement becomes a Lender or (ii) was a Lender at the time such agreement was entered into, shall continue to be an Eligible Hedging Agreement notwithstanding that such Person ceases, at any time, to be a Lender hereunder.