Required Hedging Arrangements definition

Required Hedging Arrangements has the meaning given such term in the Hedging Order.
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Required Hedging Arrangements means Currency Hedging Agreements pursuant to customary ISDA documentation and hedging arrangements in place thereunder that comprise (i) a coupon swap on the interest payments due under the Notes on each Interest Payment Date to fully protect the Company against any depreciation in the Indian Rupee to U.S. Dollar occurring after the date of each Incurrence of Original Rupee Debt; and (ii) a call spread option on the principal amount of the Notes that (a) will fully protect the Company against any depreciation in the Indian Rupee occurring after the date of each Incurrence of Original Rupee Debt if the Indian Rupee to U.S. Dollar spot rate is between the current spot rate in effect on the date of such Incurrence and 90, and (b) partially protect the Company (by receiving the same fixed payment) against any depreciation in the Indian Rupee occurring after the date of each Incurrence of Original Rupee Debt if the Indian Rupee to U.S. Dollar spot rate is above 90, in each case on the payment of principal due under the Notes at maturity.
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Required Hedging Arrangements means Currency Hedging Agreements pursuant to customary ISDA documentation and hedging arrangements thereunder that comprise:
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Examples of Required Hedging Arrangements in a sentence

  • Any Required Hedging Arrangements will be entered into with counterparties that have a long term debt rating of no lower than at least two of the following: (i) BBB- by Fitch, (ii) Baa3 by ▇▇▇▇▇’▇ or (iii) BBB- by S&P, at the time such Required Hedging Arrangements are entered into.

  • The Lenders hereby agree that the Hedging Liens shall rank pari passu with the Obligations up to the first C$15,000,000 of obligations owing by the Loan Parties under the Required Hedging Arrangements.

  • The Company will enter into the Required Hedging Arrangements with hedge counterparties that have a long term debt rating no lower than at least two of the following: (i) BBB- by Fitch, (ii) Baa3 by ▇▇▇▇▇’▇ and (iii) BBB- by S&P, at the time such Required Hedging Arrangements are entered into.