Hedging Loan definition

Hedging Loan has the meaning given such term in Section 2.2 below.
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Hedging Loan means a loan in one currency incurred by the Borrower or a Subsidiary to purchase another currency when such purchased currency (or temporarily the borrowed currency) is then pledged to the lender to secure such loan.
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Hedging Loan means a Loan the principal amount of which is to be posted as cash collateral to support the hedging and trading of safe-harbored energy contracts.
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Examples of Hedging Loan in a sentence

  • Borrower’s obligation to repay the Hedging Loan, with interest, if any, thereon, shall be evidenced by the ISDA Agreement.

  • Any Energy Hedging LC Disbursement not reimbursed by the Borrower on the date of such Energy Hedging LC Disbursement shall constitute an Energy Hedging Loan until paid in accordance with the preceding sentence, which Energy Hedging Loan shall accrue interest at an Interest Rate referred to in clause (h) below.

  • Each such notice shall specify (i) the principal amount of the Loan requested, (ii) the proposed Funding Date of such Loan and (iii) whether the Loan requested is a Hedging Loan.

  • Interest accrued on the Hedging Loan shall be due and payable on demand from BOK to Borrower, with any remaining balance of such interest being due and payable not later than the Maturity Date (Hedging).

  • Borrower shall have the right to prepay any or all Advances and any or all extensions of credit under the Hedging Loan at any time, in whole or in part, without penalty or premium (except as otherwise described in Section 3.5 below).

  • If any Default or Event of Default shall occur and be continuing, the obligation of BOK to make Advances, to issue Letters of Credit and to extend credit under the Hedging Loan shall terminate immediately.

  • Any payment made by an Energy Hedging Lender pursuant to this paragraph to reimburse the applicable Energy Hedging Issuing Bank for any Energy Hedging LC Disbursement (other than the funding of ABR Revolving Loans as contemplated above) shall not constitute an Energy Hedging Loan and shall not relieve the Borrower of its obligation to reimburse such Energy Hedging LC Disbursement.

  • The failure of any Energy Hedging Lender to make any Energy Hedging Loan required to be made by it shall not relieve any other Energy Hedging Lender of its obligations hereunder; provided that the Energy Hedging Commitments of the Energy Hedging Lenders are several and no Energy Hedging Lender shall be responsible for any other Energy Hedging Lender’s failure to make Energy Hedging Loans as required.

  • B▇▇▇▇▇▇▇’s obligation to repay the Hedging Loan, with interest, if any, thereon, shall be evidenced by the ISDA Agreement.

  • Any then-outstanding interest on the Hedging Loan shall be due and payable not later than the Maturity Date (Hedging).