Permitted Counterparty means a client who, in AFEX’s sole discretion, has met the requirements for entering into an Option Contract with AFEX, which requirements may be changed, from time to time, by AFEX in its sole discretion.
Permitted Counterparty means a nationally recognized financial institution that enters into one or more swap, hedging or other derivative arrangements with one or more Purchasers in connection with a bona fide financing of the purchase of the Notes.
Examples of Permitted Counterparty in a sentence
Client may authorize AFEX to enter into an Option Contract so long as AFEX has determined Client to be a Permitted Counterparty.
AFEX may require Client to provide certain documentation, including without limitation, audited financial statements and certifications, in order to reach a determination on Client’s status as a Permitted Counterparty.
AFEX may require Client to provide certain documentation, including without limitation, financial account statements and certifications, in order to reach a determination on Client’s status as a Permitted Counterparty.
Client may authorise AFEX to enter into an Option Contract so long as AFEX has determined Client to be a Permitted Counterparty.
More Definitions of Permitted Counterparty
Permitted Counterparty means any counterparty to a Secured Hedging Contract that (a) (i) at the time such Person entered into such Secured Hedging Contract, was the Administrative Agent, a Lender, or an Affiliate of the Administrative Agent or a Lender and (ii) is designated by the Borrower to the Administrative Agent as a "Permitted Counterparty", or (b) (i) is reasonably acceptable to the Administrative Agent, (ii) is designated by the Borrower to the Administrative Agent as a "Permitted Counterparty" and (iii) has executed and delivered to the Administrative Agent an acknowledgement in form and substance reasonably satisfactory to the Administrative Agent to the extent requested by the Administrative Agent pursuant to Section 8.11.
Permitted Counterparty means (i) any Person (or a majority-owned Subsidiary of a Person, provided, that such Subsidiary’s obligations with respect to any relevant co-financed Qualifying Picture shall have been guaranteed by such Person in a manner satisfactory to the Administrative Agent) listed on Schedule 5, as such Schedule 5 may be amended from time to time by written notice from the Administrative Agent or the Required Lenders to the Borrower; and (ii) any other Person acceptable (with respect to such Person’s identity and creditworthiness) to the Required Lenders; provided that, in either case, from and after the execution by such Person and a Credit Party of final co-financing documentation with respect to such Qualifying Picture, the status of such Person as a Permitted Counterparty may not be revoked with respect to such Qualifying Picture.
Permitted Counterparty means, in connection with an Interest Rate Protection Agreement, a financial institution, the long-term unsecured senior debt of which is rated at least "A" or its equivalent by the Rating Agencies at the time of the execution of this Indenture with respect to Interest Rate Protection Agreements (if any) or at the time of execution of any other Interest Rate Protection Agreement.
Permitted Counterparty means the counterparties to any Hedging Obligations entered into by the Company or its Subsidiaries which are permitted by the Bank Credit Agreement; provided, however, such counterparties become parties to this Agreement and agree to be bound by and comply with all of the terms and provisions of this Agreement.
Permitted Counterparty means, in connection with an Interest Rate Protection Agreement, a financial institution whose long term unsecured and unguaranteed senior debt is rated "A" or higher by S&P and "A2" or higher by Moody's or which can be collateralized to such a level.