Special Derivative definition

Special Derivative means a Hedging Transaction described in Sections 1.1.79(c), 1.1.79(d) and 1.1.79(e) of the Credit Agreement and entered into by NSCFL, and "Special Derivatives" means all such Hedging Transactions.
View Source

Examples of Special Derivative in a sentence

  • The parties agree that, upon any such notice being given to the Group Valuation Agent, the Group Valuation Agent and the Administration Agent, after consulting NSCFL, shall establish a volatility factor for the additional type of Special Derivative.

  • Unless otherwise specified, all calculations of Hedging Transaction Exposure, Special Derivative Exposure, Excess Hedging Transaction Exposure and Excess Special Derivative Exposure will be made by the Group Valuation Agent in accordance with current market and banking practices.

  • However, the Hedging Transaction Exposure or the Special Derivative Exposure, as applicable, with respect to any particular Hedging Party may be reduced by up to CAD 1,000,000 less than the amount required by the preceding sentence if the Excess Credit Agreement Exposure Amount, the Excess Hedging Transaction Exposure or the Excess Special Derivative Exposure, as applicable, is entirely eliminated as a result of reductions with other Hedging Parties being greater than the required minimums.

  • The Payers, NSCFL and the Administration Agent shall consult the Group Valuation Agent to determine if the Aggregate Hedging Transaction Exposure will exceed CAD 150,000,000 or if the Aggregate Special Derivative Exposure will exceed the Permitted Special Derivative Exposure or if there will be any Excess Credit Agreement Exposure Amount.

  • Each of the parties hereto agrees that it shall not enter into any Special Derivative other than a Floating Rate Transaction, an Oil and Gas Transaction, a Pulp and Paper Transaction or a Special Derivative of a type previously dealt with under this Section 6(b) without giving at least ten (10) Local Business Days' notice to the Group Valuation Agent and without receiving the subsequent notice from the Group Valuation Agent that is referred to below.

  • The Group Valuation Agent shall immediately notify each Hedging Party as soon as the Aggregate Special Derivative Exposure is equal to or exceeds CAD 135,000,000 (or any lower amount established in accordance with Section 5(e) below).

  • Any acquisition of a Special Derivative Contract shall be accompanied by (i) an appropriate amendment to this Indenture, (ii) any Opinion of Counsel required by Section 10.01 and (iii) the consent of each Holder of an Owner Trust Certificate to the acquisition of such Special Derivative Contract.

  • Any acquisition of a Special Derivative Contract shall be accompanied by an appropriate amendment to this Agreement, including any Opinion of Counsel required by Section 10.01.

  • The Payers,NSCFL and the Administration Agent shall consult the Group Valuation Agent to determine if the Aggregate Hedging Transaction Exposure will exceed CAD 150,000,000 or if the Aggregate Special Derivative Exposure will exceed the Permitted Special Derivative Exposure or if there will be any Excess Credit Agreement Exposure Amount.

  • Any acquisition of a Special Derivative Contract shall be accompanied by (i) an appropriate amendment to this Agreement, (ii) an Opinion of Counsel that such Special Derivative Contract will not affect the status of any Trust REMICs and (iii) the consent of each Holder of a Class C Certificate to the acquisition of such Special Derivative Contract.