Hedge Termination Payment definition

Hedge Termination Payment means payments due to the applicable Hedge Provider by the Issuer, including interest that may accrue thereon, under the applicable Hedge Agreement due to a termination of the applicable Hedge Agreement due to the occurrence of an “event of default” or a “termination event” under the applicable Hedge Agreement.]

Hedge Termination Payment means any Interest Rate Hedge Termination Payment, Asset Swap Termination Payment or Portfolio Currency Hedge Termination Payment, as applicable.

Hedge Termination Payment. Upon the designation of an “Early Termination Date” as defined in the Hedge Agreements, the payment to be made by the Supplemental Interest Trust to the respective Hedge Counterparty, or by the respective Hedge Counterparty to the Supplemental Interest Trust, as applicable, pursuant to the terms of the respective Hedge Agreement.

Examples of Hedge Termination Payment in a sentence

• The amount of any Hedge Termination Payments shall be deposited in the Hedge Termination Payment Account, and the Administrative Agent shall direct the Trustee in writing to disburse funds out of the Hedge Termination Payment Account in accordance with this Indenture.

• If an Event of Default shall have occurred and be continuing and a Default Notice shall have been delivered by the Trustee (other than a Default Notice that has been rescinded and annulled in accordance with Section 4.02) or an Acceleration Default shall have occurred and be continuing, then the Controlling Party may direct the Trustee to transfer to the Collections Account all or any portion of the Balance in the Hedge Termination Payment Account.

• Any payment under a Hedging Agreement other than a Hedge Termination Payment.

• In the event that the Issuer receives any Hedge Replacement Receipt upon entry into a Replacement Hedge Agreement, such amount shall be paid into the Hedge Account and applied directly by the Issuer in payment of any Hedge Termination Payment payable upon termination of the Hedge Agreement being so replaced.

• No Director shall be entitled to or shall receive any compensation for serving as a Director or as any Officer (as defined in Section 5.1) or for any other services rendered to MdL as a Director or Officer.

More Definitions of Hedge Termination Payment

Hedge Termination Payment. The termination payment pursuant to a Swap Agreement or Cap Agreement, which would be payable out of the Supplemental Interest Trust if the Supplemental Interest Trust fails to pay the related Swap Amount or Cap Amount on a prior Distribution Date.

Hedge Termination Payment. The termination payment due to the Hedge ------------------------- Counterparty pursuant to the Hedge Agreement upon the early termination of the Hedge Agreement.

Hedge Termination Payment the amount payable to or by a Project Company in connection with an early termination (whether as a result of the occurrence of an event of default or other termination event) of any Secured Hedge Agreement in accordance with the terms thereof, which amount shall be the Hedge Termination Value.

Hedge Termination Payment means any payment due under a Currency Hedge Agreement as a result of the termination of such Currency Hedge Agreement for whatever reason.

Hedge Termination Payment means any termination payment due to a Qualified Hedge Counterparty as a result of a termination of a Hedge Agreement.

Hedge Termination Payment means, with respect to a particular Hedge Agreement, the payment due by the Borrower to the Hedge Counterparty, including any interest that may accrue thereon, calculated in accordance with the provisions in the Hedge Agreement for determining an “early termination amount” upon the occurrence of an “early termination date” under such Hedge Agreement.

Hedge Termination Payment. Any payment due under an Interest Rate Hedging Agreement as a result of the termination (in whole or in part) of such Interest Rate Hedging Agreement for whatever reason.