Hedging Costs definition
Hedging Costs means the hedging costs between the reference currency of the Unit class and the base currency of the Sub-fund, corresponding to the difference (in percentage terms), on each Valuation Date, between (i) the price of the 3-month maturity exchange rate between the reference currency of the Unit class and the base currency of the Sub-fund, and (ii) the spot rate of the same exchange rate.
Hedging Costs means any amount falling due from the Borrower under a Hedging Agreement except for any Hedging Termination Payment.
Hedging Costs means any cost, loss or expense incurred by the Lender, following an Event of Default, as a result of establishing, terminating, liquidating, obtaining or re-establishing any hedge or related trading position in respect of its risks arising out of the Loan Documents in circumstances where the Collateral Agent is unable to liquidate, dispose of or otherwise realize Collateral in a timely manner.
Examples of Hedging Costs in a sentence
If the Initial Hedging Costs is a positive number, the amount thereof shall be owing by DKTS to Citi, and if it is a negative number, the absolute value thereof shall be owing by Citi to DKTS, in either case, promptly, and in any event, not later than three (3) Business Days from the date on which Citi delivers its statement of calculation of the Initial Hedging Costs.
Initial Hedging Costs shall be expressed in USD and the calculation thereof shall include all losses and costs that are incurred by Citi in establishing and unwinding such Hedging Transactions (expressed as a positive number) all gains that are realized by Citi in unwinding such Hedging Transactions (expressed as a negative number).
In the event of the failure to borrow or prepay any principal of the Loan on the date specified in any notice delivered pursuant hereto, then, in any such event, the Borrower shall compensate the Lender for any out-of-pocket loss, cost and expense attributable to or connected with such event, including any out-of-pocket loss, cost or expense arising from the liquidation or redeployment of funds, from any fees payable or Hedging Costs.
Any transfer of securities pursuant to this Plan of Arrangement shall be free and clear of any Liens.
The Hedging Costs and the Hedging Losses are referred to collectively as the “Breakage Fee”).
More Definitions of Hedging Costs
Hedging Costs means an amount equal to the aggregate costs to the Issuer and/or its affiliates (if any) of terminating, transferring, liquidating, obtaining or re-establishing any swap agreement, financing arrangement or other hedging transaction entered into by or on behalf of the Issuer in relation to the issuance of the Notes, as determined by the Issuer in its sole and absolute discretion.
Hedging Costs means an amount equal to the aggregate costs, fees, expenses or taxes to or incurred by the Issuer and/or its Affiliates of terminating, transferring or liquidating any underlying assets and/or related hedging, funding or other transaction related to the issuance of the Notes or their redemption, as determined by the Issuer in its sole and absolute discretion, including, without limitation, any related hedging transactions, interest rate transactions or currency transactions.
Hedging Costs means in respect of the Notes, an amount determined by the Calculation Agent in a commercially reasonable manner equal to any expense, loss or costs (in which case expressed as a negative number) or gain (in which case expressed as a positive number) incurred (or expected to be incurred) by or on behalf of the Issuer as a result of its terminating, liquidating, modifying, obtaining or re-establishing any hedge term deposit, related interest rate swap position or funding arrangements entered into by it (including with its internal treasury function) specifically in connection with the Notes.“Reference Obligation Aggregate Nominal Amount” means ZAR 56,099,215.76 on Trade Date“Reference Obligation Outstanding Nominal Amount” means with respect to the Reference Obligation and on any date, the outstanding principal amount for the Reference Obligation with an original nominal amount equal to the Reference Obligation Aggregate Nominal Amount on the Trade Date. Credit Event Redemption Date: 5 (five) Business Days CLN Valuation Date: Single CLN Valuation Date. The CLN Valuation Date will be determined by the Calculation Agent in its sole discretion provided that such CLN Valuation Date is not more than 100 (one hundred) Business Days from the Event Determination Date specified in the 2014 Credit Linked Conditions, provided that the Settlement Suspension provisions specified in the 2014 Credit Linked Conditions will apply to such time limit. CLN Valuation Time: As specified in the 2014 Credit Linked Conditions. Quotation Method: Bid Quotation Amount: As specified in the 2014 Credit Linked Conditions. Minimum Quotation Amount: As specified in the 2014 Credit Linked Conditions. Valuation Method: Highest Accrued Interest: Quotations Exclude Accrued Interest Dealers: A dealer in obligations of the type of the Reference Obligation for which Quotations are to be obtained as selected by the Calculation Agent acting in good faith and in a commercially reasonable manner Such Dealers may include SA and/or non-SA Dealers.
Hedging Costs means the losses, expenses and costs (if any) incurred by DBS of unwinding, terminating, liquidating, adjusting, obtaining, replacing or re-establishing any underlying or related hedging arrangements (including, but not limited to, any options or selling or otherwise realising any instruments of any type whatsoever which DBS may hold as part of such hedging arrangements), all as calculated by DBS acting in good faith and in a commercially reasonable manner.
Hedging Costs means any costs associated with any transaction or trading position entered into or held by the Programme Preference Shareholder to hedge, directly or indirectly, the Programme Preference Shareholder’s returns (whether in whole or in part) in respect of the Programme Preference Shares;
Hedging Costs means in respect of the Notes, an amount determined by the Calculation Agent in a commercially reasonable manner equal to any expense, loss or costs (in which case expressed as a negative number) or gain (in which case expressed as a positive number) incurred (or expected to be incurred) by or on behalf of the Issuer as a result of its terminating, liquidating, modifying, obtaining or re-establishing any hedge term deposit, related interest rate swap position or funding arrangements entered into by it (including with its internal treasury function) specifically in connection with the Notes.“Reference Obligation Aggregate Nominal Amount” meansZAR 128,470,504.89on Trade Date“Reference ObligationOutstanding Nominal Amount” means with respect to the Reference Obligation and on any date, the outstanding principal amount for the Reference Obligation with an original nominal amount equal to the Reference Obligation Aggregate Nominal Amount on the Trade Date Credit Event Redemption Date: 5 (five) Business Days CLN Valuation Date: Single CLN Valuation Date. The CLN Valuation Date will be determined by the Calculation Agent in its sole discretion provided that such CLN Valuation Date is not more than 100 (one hundred) Business Days from the Event Determination Date specified in the2014 Credit Linked Conditions,
Hedging Costs means, notwithstanding any provisions in the Note Conditions, in respect of the Early Redemption Amount, Optional Redemption Amount, Final Redemption Amount, Auction Cash Settlement Amount, Cash Settlement Amount, Credit Event Redemption Amount, Unscheduled Periodic Redemption Amount or such other amount specified in the relevant Final Terms to be subject to adjustment for Hedging Costs (each a “Relevant Redemption Amount”) or the Asset Amount, as the case may be (a) the losses, expenses and costs (if any), including any loss of bargain or cost of funding (in which case the Relevant Redemption Amount will be adjusted downward to the extent of such losses, expenses and costs or,as the case may be, a payment will be made by the Securityholder to the Issuer to the extent of such losses, expenses and costs in respect of the Asset Amount) or (b) the gain (in which case the Relevant Redemption Amount will be adjusted upward to the extent of such gain or, as the case may be, a payment will be made by the Issuer to the Securityholder to the extent of such gain in respect of the Asset Amount), as the case may be, to the Issuer and/or any Affiliate of unwinding, terminating, liquidating, adjusting, obtaining, replacing, settling, re- establishing or restructuring any underlying and/or related hedging and funding arrangements (including but not limited to the any options, currency and derivative trades or selling or otherwise realising any instruments of any type whatsoever which the Issuer and/or any of its Affiliates may hold as part of such hedging or funding arrangements), all as calculated by the Calculation Agent in its sole and absolute discretion.