Hedging Account definition

Hedging Account means a commodity account, deposit account or securities account (as such terms are defined in the UCC) maintained by the Borrower or a Seller with an intermediary.
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Hedging Account means a commodity account, deposit account or securities account (as such terms are defined in the UCC) maintained by the Borrower, a Certified Merchant or a Seller with an intermediary.
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Hedging Account means account with which issuer maintains to buy or sell commodity futures as a protection against loss due to price fluctuation.
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Examples of Hedging Account in a sentence

  • Borrower agrees to execute a Security Agreement and Assignment of Hedging Account on a form provided or approved by Lender to be acknowledged by all brokers involved in Borrower’s hedging program.

  • Any Collections with respect to a European Note shall be deposited by the Obligors in a Collection Account no later than the Applicable Deposit Date; it being understood that the Obligors may deposit such Collections in the applicable European Hedging Account prior to deposit in a Collection Account on or prior to the Applicable Deposit Date.

  • Secured Party acknowledges and agrees that the amount of the Commodity Intermediary Indebtedness may be increased or decreased and the terms thereof may be extended, amended or otherwise modified from time to time without notice to or consent of Secured Party and without 1 This Security Agreement Assignment of Hedging Account was prepared in consultation with the Futures Industry Association (“FIA”).

  • As further security for Borrowers’ obligations to UMB under the Notes and Loan Agreement, EGT granted UMB security interests in certain hedging accounts (the “ ADMAccounts”) held at ADM Investor Services, Inc., pursuant to that certain Security Agreement and Assignment of Hedging Account (the “Pledge Agreement”).

  • Pursuant to the Loan Agreement, Debtor is obligated to execute and deliver to the Secured Party this First Amended and Restated Security Agreement and Assignment of Hedging Account ("Agreement").

  • Questions and comments should be voiced later in an adult atmosphere.• I will not coach my child during practice or games.

  • Borrower shall not (a) violate the Hedging Policy, (b) terminate, amend or otherwise modify, or grant any waiver or consent with respect to, the Hedging Policy or (c) fail to make any margin call on a Hedging Account when due.

  • As further security for Borrowers’ obligations to Plaintiff under the Notes and Loan Agreement, EGT granted Plaintiff security interests in certain hedging accounts (the “ ADMAccounts”) held at ADM Investor Services, Inc., pursuant to that certain Security Agreement and Assignment of Hedging Account (the “Pledge Agreement”).

  • Funds received on account of the Debtors’ hedging arrangements are deposited into the Debt & Hedging Account.

  • Control Agreement and Assignment of Hedging Account among Wells Fargo Bank, National Association, MGPI Processing, Inc.


More Definitions of Hedging Account

Hedging Account has the meaning specified in the Security Agreement ---------------
Sample 1
Hedging Account. The OPSA shall be amended by adding a Paragraph 10.A.2. and which shall provide as follows: "The parties acknowledge that the Green Coffee Business requires a hedging account as part of the day to day services of the green coffee business. The American Partner has contributed $3.1 million dollar s toward the hedging account and additional funds will be required up to a total of $5 million dollars. The Parties agree that this hedging account will be owned by the American Partner, but managed by the Nicaraguan Partners with oversight coming from the American Partner. At the time of transfer or assignment of the hedging account to the American Partner , there shall be a full reconciliation and accounting made by the Nicaraguan Partner to the American Partner and there shall be the amount of $5,000,000.00 in either cash, positions or a combination of the two. If the amount is less than $5,000,000.00 then and in that event the American Partner shall have a right to offset said shortfall form monies owed to the Nicaraguan Partner from any of its other business ventures. Should for any reason the transfer or assignment of the hedging account not be able to be completed, then and in that event the Parties shall execute an agreement embodying the intention of the Parties as set forth herein and shall be bound by same until said time when the transfer assignment can be fully accomplished. "
Sample 1

Related to Hedging Account

  • Hedging Agreement means any interest rate protection agreement, foreign currency exchange agreement, commodity price protection agreement or other interest or currency exchange rate or commodity price hedging arrangement.

  • Hedging Agreements means, collectively, interest rate protection agreements, equity index agreements, foreign currency exchange agreements, option agreements or other interest or exchange rate or commodity price hedging agreements (other than forward contracts for the delivery of power or gas written by the Borrower to its jurisdictional and wholesale customers in the ordinary course of business).

  • Cash Management Account has the meaning set forth in Section 2.7(a).

  • Swap Account The account or accounts created and maintained pursuant to Section 4.09. The Swap Account must be an Eligible Account.

  • Secured Cash Management Obligations means Obligations under Secured Cash Management Agreements.

  • Cash Management Accounts means the bank accounts of each Loan Party maintained at one or more Cash Management Banks listed on Schedule 8.01.

  • Hedging Obligation of any Person means any obligation of such Person pursuant to any Interest Rate Agreement, Currency Exchange Protection Agreement, Commodity Price Protection Agreement or any other similar agreement or arrangement.

  • Swap Collateral Account means a single, segregated trust account in the name of the Indenture Trustee, which shall be designated as the “Swap Collateral Account” which shall be held in trust for the benefit of the Noteholders established pursuant to Section 4.10(e) of the Sale and Servicing Agreement.]

  • Hedging Liabilities means the Liabilities owed by any Debtor to the Hedge Counterparties under or in connection with the Hedging Agreements.

  • Cash Management Obligations means (a) obligations in respect of any treasury management services, overdraft and related liabilities arising from treasury, depository, cash pooling arrangements and cash management services or any automated clearing house transfers of funds and (b) other obligations in respect of netting services, employee credit, commercial credit card, debit card, stored value card or purchase card programs and similar arrangements.

  • Hedging Counterparty means HSBC Bank plc or any Affiliate of HSBC Bank plc or any other party

  • Secured Rate Contract means any Rate Contract between Borrower and the counterparty thereto, which (i) has been provided or arranged by GE Capital or an Affiliate of GE Capital, or (ii) Agent has acknowledged in writing constitutes a “Secured Rate Contract” hereunder.

  • Hedge Agreement means any interest or foreign currency rate swap, cap, collar, option, hedge, forward rate or other similar agreement or arrangement designed to protect against fluctuations in interest rates or currency exchange rates.

  • Secured Hedging Agreement means any Hedging Agreement that is entered into by and between the Borrower or any Restricted Subsidiary and any Hedge Bank.