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.
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.
Hedging Account means account with which issuer maintains to buy or sell commodity futures as a protection against loss due to price fluctuation.

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.

  • 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").

  • Any Collections with respect to the Flume No. 8 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.

  • The Borrower agrees to provide the Lender, on a monthly basis, the monthly Hedging Account statements and detail of trade receivables and inventory, in a form acceptable to the Lender.

  • As of the date of this Agreement, to the Knowledge of the President or Chief Financial Officer of Sellers, no officer (other than the Chief Financial Officer of Sellers), location manager, Hedging Account manager, grain facility manager or employee performing research and development functions for any Seller has given any Seller notice that he or she intends to terminate his employment with such Sellers.

  • The Lessee shall have no right, title or interest in the Interest Hedging Account or amounts on deposit therein.

  • Affiliate Customer Customer Data Malicious Code Party Parties Services Sitemap XML Third-Party Applications URL or URLs CUSTODIAN AGREEMENT W I T N E S S E T H: Security Agreement Assignment of Hedging Account (the Agreement ) Version VISUAL ARTS EXHIBITION PROGRAM Right of First Refusal Agreement B.

  • On each Basic Rent Payment Date, the Security Agent shall pay all cash available in the Interest Hedging Account to the Owner Trustee for application in accordance with the Trust Agreement, provided that all amounts payable pursuant to clause second of Section 4.3 hereof shall have been paid on such Basic Rent Payment Date from amounts on deposit in the Revenue Account (or, in the event of a shortfall, from the Interest Hedging Account).

  • The Obligor granted a security interest in and assigned to Seller (and its successors and assigns) all hedging funds that may exist in any hedging account maintained at the Broker pursuant to the terms of each Security Agreement and Assignment of Hedging Account and each Obligor has granted to Seller (and its successors and assigns) an irrevocable power of attorney to effectuate transactions in connection with the Security Agreement and Assignment of Hedging Account.


More Definitions of Hedging Account

Hedging Account has the meaning specified in the Security Agreement ---------------
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. "