Hedge Event definition

Hedge Event means any novation, assignment, unwind, early termination or amendment to any Hedging Arrangement, or the entering into of any transaction that has the net effect of offsetting or unwinding any Hedging Arrangement.

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Hedge Event means any novation, assignment, unwinding, termination, expiration or amendment of a BB Hedge.

Hedge Event means any novation, assignment, unwinding, termination, expiration or amendment of a Hedge Contract.

Examples of Hedge Event in a sentence

• Hedge Completion Date: For each Transaction, if a Hedge Event occurs, the Hedging Date on which Bank finishes establishing its initial Hedge Positions in respect of such Transaction, as determined by Bank in its good faith and commercially reasonable discretion, but in no event later than the Hedge Period End Date.

• If a Hedge Event occurs, the third Hedging Date after the Trade Date.

• Hedge Period Disruption: Notwithstanding anything to the contrary in the Equity Definitions, if a Hedge Event occurs, to the extent that a Disrupted Day occurs during the Hedge Period, the Calculation Agent may, in its good faith and commercially reasonable discretion, postpone the Hedge Period End Date to every fourth Scheduled Trading Day following the original Hedge Period End Date before such postponement.

• If a Hedge Event occurs, the Premium will be determined by reference to the table attached as Exhibit A and shall equal the amount indicated for the corresponding Hedge Period Reference Price as of the Hedge Completion Date and 7-year LIBOR swap rate (the "Interest Rate") on the Hedge Completion Date.

• If a Hedge Event occurs, the period from and including the first Hedging Date to and including the Hedge Completion Date.

• The Borrower shall promptly, and in any event three Business Days after such event, notify the Administrative Agent of (a) each Disposition of Oil and Gas Properties that had a positive value in the most recently delivered Engineering Report and (b) each Hedge Event.

• Hedging Date: If a Hedge Event occurs, the third, seventh and eleventh Scheduled Trading Days after the Trade Date and every fourth Scheduled Trading Day thereafter.

• Hedging Date: If a Hedge Event occurs, the second, sixth and tenth Scheduled Trading Days after the Trade Date and every fourth Scheduled Trading Day thereafter.

• If such excess exists, the Borrower shall cause a Hedge Event or series of Hedge Events in accordance with Section 6.8(e) such that, at such time and after giving effect to all such Hedge Events, future Hedging Arrangements comply with the requirements of Section 6.15(a).

• Hedging Date: If a Hedge Event occurs, the fifth, ninth and thirteenth Scheduled Trading Days after the Trade Date and every fourth Scheduled Trading Day thereafter.

More Definitions of Hedge Event

Hedge Event means any novation, assignment, unwinding (including the addition of an offsetting Hedge Contract), termination, expiration or amendment of a BB Hedge.

Hedge Event means any novation, assignment, unwinding, termination, expiration or any amendment to effect any of the foregoing with respect to a BB

Hedge Event shall have the meaning set forth in Section 9.1 of this Agreement.

Hedge Event means any novation, assignment, unwind, early termination or amendment to any Hedging Arrangement, or the entering into of any

Hedge Event means (1) for any reason beyond its reasonable control, Party A is unable after using commercially reasonable efforts to execute or maintain any hedge of Party A’s obligations under the Transaction evidenced hereby, (including, without limitation, due to the adoption of, or any change in, any applicable law, or due to the promulgation, or any change in, the interpretation by any court, tribunal or regulatory authority with competent jurisdiction of any law, it becomes unlawful for Party A to execute or maintain any hedge of Party A’s obligations hereunder), or (2) there occurs a change in any applicable law or regulation (or the generally accepted interpretation thereof) including, without limitation, tax legislation, the Bank Act (Canada), securities legislation, or the issuance of any order, judgment, ruling, administrative guideline or policy of or by any court, governmental authority, administrative or regulatory body or tribunal of competent jurisdiction, in each case that renders all or part of this Transaction unlawful or materially and adversely affects the capital treatment of this Transaction or Party A's hedge of any part of this Transaction or the tax treatment of any hedge of Party A's obligations under this Transaction.

Hedge Event has the meaning set forth in Exhibit C.