Hedge Guarantor definition

Hedge Guarantor means any Person that absolutely and unconditionally guarantees the obligations of a Hedge Counterparty under the related Hedge Agreement in a form satisfactory to Moody's as evidenced by the Rating Agency Confirmation obtained in connection therewith. Any Hedge Guarantor will be subject to obtaining Rating Agency Confirmation.

Hedge Guarantor means such bank or financial institution as may from time to time hereafter provide a Hedge Guarantee, provided that at the date on which the relevant Hedge Guarantee is executed the rating of the long-term unsecured and unsubordinated indebtedness of such Hedge Guarantor is at least equal to that then applicable to the Class A Notes or, if lower, is such that the then ratings of the Class A Notes, the Class B Notes, the Class C Notes and the Class D Notes are not adversely affected as a result;

Hedge Guarantor means such bank or financial institution as may from time to time hereafter provide a Hedge Guarantee, provided that the rating of the long term unsecured and unsubordinated indebtedness of such Hedge Guarantor is at least equal to that then applicable to the Class A Notes or, if lower, is such that the then ratings of the Class A Notes, the Class B Notes and the Class C Notes are not adversely affected as a result;

Examples of Hedge Guarantor in a sentence

• This guarantee and any other Security given by a Hedge Guarantor is in addition to and is not in any way prejudiced by, and shall not prejudice, any other guarantee or Security or any other right of recourse now or subsequently held by any Secured Party or any right of set-off or netting or right to combine accounts in connection with the Finance Documents.

• Each Hedge Guarantor waives any right it may have of first requiring any Secured Party (or any trustee or agent on its behalf) to proceed against or enforce any other rights or security or claim payment from any person (including without limitation to commence any proceedings under any Finance Document or to enforce any Transaction Security) before claiming or commencing proceedings under this Clause 20 (Guarantee and Indemnity – Hedge Guarantors).

• Any collateral or interest thereon provided by such Hedge Counterparty or Hedge Guarantor shall not form part of the Available Revenue Funds other than collateral amounts applied in satisfaction of termination payments due to the Issuer following the designation of an early termination date under such Hedging Agreement.

• Each Hedge Guarantor waives any right it may have of first requiring any Secured Party (or any trustee or agent on its behalf) to proceed against or enforce any other rights or security or claim payment from any person (including without limitation to commence any proceedings under any Finance Document or to enforce any Transaction Security) before claiming or commencing proceedings under this Clause 19 (Guarantee and Indemnity – Hedge Guarantors).

• The obligations of the Lloyds Building Loan Hedge Provider will be guaranteed by Morgan Stanley (the "Lloyds Building Loan Hedge Guarantor").

More Definitions of Hedge Guarantor

Hedge Guarantor means Merrill Lynch & Co., Inc. in its capacity as the hedge guarantor in accordance with the terms of the Hedge Guarantee;

Hedge Guarantor means any Person that absolutely and unconditionally guarantees the obligations of a Hedge Counterparty under the related Hedge Agreement in a form satisfactory to Moody's as evidenced by thethat complies with all then-current applicable Rating Agency Confirmation obtained in connection therewithcriteria for guarantees. Any Hedge Guarantor will be subject to obtaining Rating Agency Confirmation.

Hedge Guarantor means Morgan Stanley or other financial institution if in relation to the Replacement Hedge Agreement and any permitted assignee thereof or successor thereto under the terms of the Hedge Agreement or Replacement Hedge Agreement, as the case may be, in each case, which satisfies the applicable Rating Requirement (taking into account any guarantor or credit support provider thereof).

Hedge Guarantor means such bank or financial institution as may from time to time hereafter provide a Hedge Guarantee, provided that at the date on which the relevant Hedge Guarantee is executed the rating of the long-term unsecured and unsubordinated indebtedness of such Hedge Guarantor is at least equal to that then applicable to the Class A1 Notes and to the Class A2 Notes or, if lower, is such that the then ratings of the Class A1 Notes, the Class A2 Notes, the Class B Notes, the Class C Notes, the Class D Notes and the Class Z Notes are not adversely affected as a result;

Hedge Guarantor. Any Person that absolutely, unconditionally and irrevocably guarantees the obligations of any Hedge Counterparty under a Series Hedge Agreement.

Hedge Guarantor. CSE Mortgage.

Hedge Guarantor means any Person that absolutely and unconditionally guarantees the obligations of a Hedge Counterparty under the related Hedge Agreement in a form that complies with all then-current applicablesatisfactory to Moody's as evidenced by the Rating Agency criteria for guaranteesConfirmation obtained in connection therewith. Any Hedge Guarantor will be subject to obtaining Rating Agency Confirmation.