Initial Hedge Agreement definition
Examples of Initial Hedge Agreement in a sentence
Subject to a mutual agreement with respect to a custodial arrangement, LaSalle Bank National Association will act as the custodian of the Issuer under the Initial Hedge Agreement and will comply with the Issuer’s instructions with respect to any collateral posted pursuant to such Initial Hedge Agreement.
Borrower shall have entered into the ISDA Master Agreement, substantially in the form of Exhibit K hereto, and one or more swap, hedge, floor, collar or other similar agreements on an International Security Dealers Association form (each a "Initial Hedge Agreement") which are with Lender or an Affiliate of Lender and satisfactory to Lender.
Under the Initial Hedge Agreement, on each Payment Date, the Issuer will pay an amount equal to the Issuer Initial Hedge Payment Amount and, on the Business Day preceding each of the Payment Dates, the Initial Hedge Counterparty will pay an amount equal to the Initial Hedge Counterparty Payment Amount.
Under the Initial Hedge Agreement, on each Payment Date, the Issuer will pay an amount equal to the Issuer Initial Hedge Payment Amount and the Initial Hedge Counterparty will pay an amount equal to the Initial Hedge Counterparty Payment Amount.
The Issuer may, from time to time (including but not limited to after the expiration of the Initial Hedge Agreement), enter into additional or replacement Hedge Agreements on terms and conditions substantially similar to the Initial Hedge Agreement and that pertain to the same type of risk as contemplated under the Initial Hedge Agreement; provided, however, that the Rating Agency Condition and the remaining terms of this Section 12.5 are satisfied.