Permitted Hedging Arrangement definition

Permitted Hedging Arrangement as defined in subsection 8.17.

Permitted Hedging Arrangement any Hedging Agreements or other agreements or arrangements that are entered into for, or any currency or commodity is purchased or otherwise acquired for, purposes other than speculation.

Permitted Hedging Arrangement as defined in subsection 8.17 of the Credit Agreement.

Examples of Permitted Hedging Arrangement in a sentence

• Avis will not, and will not permit any Subsidiary to, enter into, purchase or otherwise acquire agreements or arrangements relating to currency, commodity or other hedging except, to the extent and only to the extent that, such agreements or arrangements are entered into, purchased or otherwise acquired in the ordinary course of business with reputable financial institutions and not for purposes of speculation (any such agreement or arrangement permitted by this Section, a "Permitted Hedging Arrangement").

• Enter into, purchase or otherwise acquire agreements or arrangements relating to currency, commodity or other hedging except, to the extent and only to the extent that, such agreements or arrangements are entered into, purchased or otherwise acquired in the ordinary course of business of the Borrower or any of its Subsidiaries with reputable financial institutions and not for purposes of speculation (any such agreement or arrangement permitted by this subsection, a "Permitted Hedging Arrangement").

• Concurrently with entering into a Permitted Hedging Arrangement, the Partnership shall give or cause to be given written notice to the counterparties thereto of the security interest hereby granted and shall obtain from each such counterparty an acknowledgment thereof and furnish it to the Collateral Trustee.

• As used in this Section 8.5, “Rollover Hedge Providers” shall mean collectively each Non-Lender Secured Party hereunder who was also, immediately prior to the effectiveness of this Agreement, a “Non-Lender Secured Party” pursuant to a Permitted Hedging Arrangement under and as defined in the Existing Loan Agreement and the related security documents.

• Enter into, purchase or otherwise acquire agreements or arrangements relating to currency, commodity or other hedging except, to the extent and only to the extent that, such agreements or arrangements are entered into, purchased or otherwise acquired in the ordinary course of business of the Parent or any of its Subsidiaries with reputable financial institutions and not for purposes of speculation (any such agreement or arrangement permitted by this subsection, a "Permitted Hedging Arrangement").

More Definitions of Permitted Hedging Arrangement

Permitted Hedging Arrangement as defined in Section 7.14.

Permitted Hedging Arrangement has the meaning assigned in Section 8.14.

Permitted Hedging Arrangement means an interest rate swap, cap, collar, option, floor, forward or other hedging agreement, arrangement or security, however denominated, identified by the Concessionaire in a certificate signed by an officer of the Concessionaire as having been entered into by the Concessionaire with a Qualified Provider not for investment purposes but with respect to Permitted Indebtedness (which Permitted Indebtedness shall be specifically identified in the certificate) for the purpose of (a) reducing or otherwise managing the Concessionaire’s risk of interest rate changes or (b) effectively converting the Concessionaire’s interest rate exposure, in whole or in part, from a fixed rate exposure to a variable rate exposure, or from a variable rate exposure to a fixed rate exposure.

Permitted Hedging Arrangement has the meaning specified in Section 8.16 hereof.

Permitted Hedging Arrangement any agreement or arrangement relating to currency, commodity or other hedging, to the extent and only to the extent that such agreement or arrangement is entered into, purchased or otherwise acquired in the ordinary course of business of the Parent Borrower or any of its Subsidiaries, and not for purposes of speculation, with (i) any Lender or any affiliate of any Lender or (ii) any other reputable financial institution that is rated at least A by S&P or A2 by Xxxxx'x.

Permitted Hedging Arrangement as defined in subsection 8.17. “Permitted Liens”: Liens permitted by subsection 8.3.

Permitted Hedging Arrangement means any Hedging Agreement to the extent and only to the extent that, such agreement or arrangement is entered into in the ordinary course of business of Administrative Borrower or any of its Subsidiaries with reputable financial institutions or vendors and not for purposes of speculation.