Hedging SPEs definition

Hedging SPEs has the meaning assigned to such term in the applicable Collateral Valuation Schedule.
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Hedging SPEs means entities which have bankruptcy-remote special purpose provisions in their organizational documents and which are Subsidiaries of the Borrower organized for the purpose of (i) holding and acquiring investments similar to Fund Investments, (ii) incurring indebtedness on a secured or unsecured basis, (iii) entering into Hedging and Short Sale Transactions and (iv) engaging in any other activity incidental, necessary, ancillary or appropriate to the foregoing.
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Examples of Hedging SPEs in a sentence

  • Except for any Hedging SPEs or Investment Holding Subsidiaries, the Borrower has no Subsidiaries.

  • Notwithstanding anything to the contrary contained in this Section 6.2.1 or elsewhere in this Agreement, the Borrower shall have no Subsidiaries other than any Hedging SPEs or Investment Holding Subsidiaries.

  • The Borrower shall, and/or shall cause the Hedging SPEs to, maintain at all times any interest rate or currency rate protection arrangements which, in the Borrower's good faith judgment, are advisable to reduce the Borrower's exposure to material interest rate or currency rate risk.

  • The Borrower shall, and/or shall cause the Hedging SPEs to, maintain at all times any interest rate or currency rate protection arrangements which, in the Borrower’s good faith judgment, are advisable to reduce the Borrower’s exposure to material interest rate or currency rate risk.

  • In addition to the limitations specified in Section 6.2.18, the Borrower shall not permit any of the Hedging SPEs to incur any Debt unless the documentation for such Debt (a) contains a Non-Petition Covenant by the applicable creditor and (b) provides that such creditor does not have recourse to the Borrower or the Collateral for amounts owing to such creditor thereunder.

  • The Borrower shall, and/or shall cause the Hedging SPEs to, maintain at all times any interest rate or currency rate protection arrangements which, in the Borrower's good faith judgment, are advisable and permitted hereunder to reduce the Borrower's exposure to material interest rate or currency rate risk.