Hedging Facilities definition

Hedging Facilities means one or several (secured or unsecured) hedging facilities with the Hedging Providers for currency, interest and/or any other derivative products with reasonable connection to any of the business of the Issuer financed under the Revolving Credit Facility and/or the 1L Bonds, excluding speculative hedging.
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Hedging Facilities means interest rate, foreign exchange and commodities hedging facilities permitted by the terms of this Agreement provided by one or more of the Credit Facility Lenders on a senior secured pari passu basis with the Credit Facilities.
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Hedging Facilities means any agreement (including any master agreement and any agreement, whether or not in writing, relating to any single transaction) that is an interest rate swap agreement, basis swap, forward rate agreement, commodity swap, commodity option, equity or equity index swap or option, bond option, interest rate option, forward foreign exchange agreement, rate cap, collar or floor agreement, currency swap agreement, cross-currency rate swap agreement, swaption, currency option or any other similar agreement (including any option to enter into any of the foregoing).
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Examples of Hedging Facilities in a sentence

  • Any Borrower may enter into Hedge Contracts under the Hedging Facilities from time to time over the telephone with representatives of a Lender’s trading unit, the terms of which shall be confirmed in writing in accordance with the procedures established by the trading unit of the relevant Lender.

  • The TIFIA Lender and the Borrower agree that for so long as any Senior Obligations or Hedging Facilities remain outstanding, the provisions contained in Section 8(a) hereof and in the Indenture with respect to the TIFIA Lender’s right to a first priority security interest in the Trust Estate upon the occurrence of a Bankruptcy Related Event with respect to the Borrower shall be of no force or effect following the complete sale of the TIFIA Bond to a commercial entity.

  • Any Borrower may enter into Hedge Contracts under the Hedging Facilities from time to time over the telephone with representatives of a Lender's trading unit, the terms of which shall be confirmed in writing in accordance with the procedures established by the trading unit of the relevant Lender.

Related to Hedging Facilities

  • Hedging Provider any Person that has entered into a Hedging Agreement with a Grantor with the obligations of such Grantor thereunder being secured by one or more Loan Documents, as designated by the Borrower in accordance with Section 8.4 hereof (provided that no Person shall, with respect to any Hedging Agreement, be at any time a Hedging Provider with respect to more than one Credit Facility).

  • Hedging Arrangements means, with respect to any Person, any agreements or other arrangements (including interest rate swap agreements, interest rate cap agreements and forward sale agreements) entered into to protect that Person against changes in interest rates or the market value of assets.

  • Hedging Arrangement means a hedge, call, swap, collar, floor, cap, option, forward sale or purchase or other contract or similar arrangement (including any obligations to purchase or sell any commodity or security at a future date for a specific price) which is entered into to reduce or eliminate or otherwise protect against the risk of fluctuations in prices or rates, including interest rates, foreign exchange rates, commodity prices and securities prices.

  • 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).

  • Hedging Contracts means all Interest Rate Contracts, foreign exchange contracts, currency swap or option agreements, forward contracts, commodity swap, purchase or option agreements, other commodity price hedging arrangements, and all other similar agreements or arrangements designed to alter the risks of any Person arising from fluctuations in interest rates, currency values or commodity prices.