Hedging Letter definition

Hedging Letter means the letter dated on or about the date of this Agreement from the Agent to the Parent setting out the agreed hedging policy in respect of the Term Facilities (other than the Incremental Term Facility).

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Hedging Letter means a letter dated on or about the date of the Credit Agreement between KDG, the Mandated Lead Arranger and the Facility Agent relating to the interest and currency hedging to be effected by the Group and any other letter designated as such by KDG and the Facility Agent which amends or supplements the terms of that letter.

Hedging Letter means a letter entered into within three months after the first Utilisation (as amended from time to time with the approval of all the Lenders), between the Arranger and the Company, setting out the interest rate and/or currency hedging strategy agreed in relation to the Facilities in connection with Clause 23.19 (Hedging).

Examples of Hedging Letter in a sentence

• The Company shall ensure that all interest rate and currency hedging arrangements required by the Hedging Letter are implemented in accordance with the terms of the Hedging Letter and that (subject to the application of any grace period set out in paragraph (c)(ii)(B) of Clause 26.1 (Restrictions on enforcement by Hedge Counterparties)) such arrangements are not terminated, varied or cancelled without the consent of the Agent (acting on the instructions of the Majority Lenders).

• The Company shall ensure that all exchange rate and interest rate hedging arrangements required by the Hedging Letter are implemented in accordance with the terms of the Hedging Letter and that such arrangements are not terminated, varied or cancelled without the prior written consent of the Agent save as permitted by the terms of the Intercreditor Deed.

• The Company has provided the Facility Agent with the Hedging Letter, setting out the Group’s policy on hedging.

• Each Energy Hedging Issuing Bank in respect of an Energy Hedging Letter of Credit shall, promptly following its receipt thereof, examine all documents purporting to represent a demand for payment under such Energy Hedging Letter of Credit.

• The Borrower shall ensure that all interest rate hedging arrangements required by the Hedging Letter are implemented in accordance with the terms of the Hedging Letter and that such arrangements are not terminated, varied or cancelled without the consent of the Agent (acting on the instructions of the Majority Lenders), save as permitted by the Intercreditor Agreement.

More Definitions of Hedging Letter

Hedging Letter means the letter dated on or before the date of this Agreement and made between the Company, the MLABs and the Agent describing the hedging arrangements to be entered into in respect of the interest rate and currency liabilities of the Company in relation to the Term Facility. Holdco means CSP Alpha Holdings Parent Pte. Ltd., a company incorporated in Singapore with registration number 201725081Z and registered office at ▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇, #10-01 Singapore Business ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇.

Hedging Letter means the letter dated on or about the date of this Agreement and made between the Facility Agent and the Borrower describing the hedging arrangements which may (at the option of the Borrower) be entered into in respect of the interest rate liabilities of the Borrower of, and in relation to, the Facility.

Hedging Letter is defined in Section 4.20.

Hedging Letter means any letter (if any) agreed (or to be agreed) between the Agent on behalf the Lenders and the Borrower setting out the conditions on which the Borrower may enter into any Hedging Agreement from time to time.

Hedging Letter means the letter dated on or about the date of this Deed and made between the Parent and the Senior Agent relating to the Hedging Agreement to be entered into to hedge the Target Group’s exposure to interest rate and currency exchange rate fluctuations.

Hedging Letter means a letter dated on or about the date of this Agreement between the Arranger and the Company setting out the hedging strategy agreed in relation to the Facilities.

Hedging Letter means the letter dated on or before the date of the Senior Facilities Agreement and made between the arranger named therein and the Issuer describing the hedging arrangements to be entered into in respect of the interest rate liabilities of the Issuer of, and in relation to, the Senior Facilities Agreement;