Hedging Cost definition
Hedging Cost or "hc" means the percentage specified as such in the table below. If at any time after the Listing Date the cost of hedging the Securities materially exceeds such specified percentage, the Calculation Agent, acting in good faith and in a commercially reasonable manner, may adjust the Hedging Cost to reflect this change, save that the Hedging Cost will not be less than the Minimum Hedging Cost and will not exceed the Maximum Hedging Cost;
Hedging Cost means, in relation to the Issuer as Hedging Party and (i) all outstanding Notes falling due to be redeemed under Conditions 4 (b) (Redemption for Tax Reasons) or (c) (Redemption at the Option of the Issuer) or (ii) any Note which has become due and payable under Condition 8 (Events of Default and Enforcement), in either case before the Maturity Date, an amount in euro per Note as determined by the Calculation Agent equal to portion attributable to one Note of the aggregate actual cost to the Issuer as Hedging Party of unwinding or disposing of any transaction it has entered into, or any asset it holds, in either case, in whole or (in the case of (ii) above) in part, for the purpose of hedging its exposure to price variations of the Basket inherent in its obligations under the Notes.
Hedging Cost means any amount payable to or by the Borrower under a Hedging Agreement other than Hedging Termination Payments.
Examples of Hedging Cost in a sentence
Hedging Cost Recovery Decision Pursuant to its authority mentioned in "--CPUC Litigation Settlement Agreement," SCE purchased $209 million in hedging instruments (gas call options) in late 2001 to hedge a majority of its natural gas price exposure associated with QF contracts for 2002 and 2003.
More Definitions of Hedging Cost
Hedging Cost means the actual out-of-pocket cost of Hedging Options purchased by the Buyer with respect to sales of precious metals by the Seller prior to the Effective Time for which Buyer receives payment on or after the Effective Time
Hedging Cost means 1.20%.