Hedging Program means a program for hedging interest rate risks by CFC and its subsidiaries, which program shall include, without limitation, Hedge and Repo Transactions.
Hedging Program means a program for hedging interest rate risks of the Borrower, which program shall provide, without limitation, that all Servicing Hedge Agreements will be entered into or placed with one or more financial institutions, futures commission merchants or clearing houses acceptable to the Lenders in their reasonable discretion and with whom the Borrower has written, assignable agreements.
Hedging Program means the Hedging Program attached as Exhibit F to the Common Terms Agreement.
Examples of Hedging Program in a sentence
TCAP shall provide procurement services, which services shall consist of securing wholesale power for MEMBER through an alternative procurement strategy, such as TCAP’s Strategic Hedging Program (“SHP”), as may be authorized and defined by TCAP’s Board of Directors.
The purpose of the Fair Value Hedging Program is to protect the fair value of the monetary assets from foreign exchange rate fluctuations.
Contact for More InformationFor more information on the Fuel Hedging Program, please contact the Director of Finance and Administration of the Ferries Division at 206-515-3403.
The objective of the Hedging Program is to mitigate the risk associated with adverse fluctuations and volatility in the price of gold during the critical early years of operation and debt repayment.
Gains and losses from derivatives related to the Fair Value Hedging Program are not designated as hedging instruments.
More Definitions of Hedging Program
Hedging Program means a program for hedging interest rate risks of a Seller.
Hedging Program is defined in Section 8.25 hereof.
Hedging Program means a program for hedging interest rate risks by the Company, which program shall provide, without limitation, that all Hedge Contracts will be placed with registered broker-dealers, futures commission merchants or clearing houses, if applicable, with whom the Company has written, assignable agreements. "Indebtedness" of any Person shall mean all items of indebtedness which, in accordance with GAAP, would be included in determining liabilities as shown on the liability side of a statement of condition of such Person as of the date as of which indebtedness is to be determined, including, without limitation, all obligations for money borrowed and capitalized lease obligations, and shall also include all indebtedness and liabilities of others assumed or guaranteed by such Person or in respect of which such Person is secondarily or contingently liable (other than by endorsement of instruments in the course of collection) whether by reason of any agreement to acquire such indebtedness or to supply or advance sums or otherwise. "Interest Period" shall mean, as the context requires, a Discount Loan Interest Period, a Eurodollar Interest Period and/or a Negotiated Loan Interest Period.
Hedging Program means a program for hedging interest rate risks of the Company, which program shall provide, without limitation, that all Hedge Contracts will be placed with futures commission merchants or clearing houses, if applicable, with whom the Company has written, assignable agreements."
Hedging Program has the meaning given by Recital B.
Hedging Program shall have the meaning set forth in Section 5.18.
Hedging Program. The Subordinated Borrower shall submit a proposed commodity hedging program to the Administrative Agent for approval six months prior to the Project being operational, such approval not to be unreasonably withheld. The Subordinated Borrower acknowledges that the purpose of the Hedging Program is to reduce (i) the Project’s exposure to adverse swings in commodity spot prices and (ii) margin volatility. Additional details on hedging requirements or restrictions will be set forth in the Subordinated Financing Documents. Interest rate hedging for at least 50% of the projected principal amount of the Subordinated Financing, or a suitable alternative dynamic hedge, will be required through maturity. During the documentation stage, the parties will discuss the need of hedging arrangements to mitigate exchange rate fluctuation risk. Optional Optional prepayments of the Subordinated Financing, in whole or in Prepayment: part, shall be permitted at the Subordinated Borrower ‘s option; provided that the Subordinated Borrower reimburses all customary breakage costs to the Subordinated Lenders, if any. Optional prepayments shall be made in inverse order of maturity. [Prepayments of less than US$500,000 shall not be permitted.] Optional prepayments shall be made as follows: Year 1: 103% =100% prepayment + 3% prepayment fee. Year 2: 102% =100% prepayment + 2% prepayment fee. Year 3: 101% =100% prepayment + 1% prepayment fee. Thereafter: Par =100% prepayment in accordance with terms of the Subordinated Financing. Optional prepayments of the Subordinated Financing shall only be permitted to the extent there is cash available in item (iv) of the WestLB Subordinated Waterfall (see below). Mandatory To the extent there is cash available in item (iii) of the Subordinated Prepayment: Waterfall (see below), the Subordinated Financing shall be prepaid to reduce the aggregate principal amount outstanding at the end of each quarterly period to the applicable Target Balance Amount (see below). Mandatory prepayments shall be made in inverse order of maturity. Target Balance The initial amount of the Subordinated Financing reduced by [__] of Amount: such amount on each quarterly date subsequent to the Conversion Date. Debt Service A debt service reserve account (“DSRA”) shall be funded either with Reserve Account: cash or through a letter of credit from an acceptable bank in an amount equal to the projected payment of fees and interest accruing at a rate of [8]% per annum on the Subor...