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.