unwinds definition

unwinds or "back-outs") shall be considered used cars and sold pursuant to the terms of section 2.1.2, below. Seller will furnish proper documentation (including an "R.D.R. card", "sale card," or comparable documentation) to Purchaser so that Purchaser may subsequently sell, transfer and register such vehicles as new vehicles. Seller shall disclose all damage as well as any repairs made to any vehicle. Any vehicle previously damaged, even if repaired, if the cost of repairing such damage exceeds or has exceeded Five Hundred Dollars ($500), shall be considered used cars and sold pursuant to the terms of section 2.1.2, below. Installed accessories shall be purchased at actual dealer cost, except Purchaser shall not pay for rust-proofing, undercoating, scotch-guarding, non-Manufacturer alarm systems, interrupt systems, theft prevention devices and similar dealer additions. A list of new vehicles together with the information to calculate the Purchase Price, will be provided to Purchaser at least Five (5) days prior to the Closing Date.
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unwinds has the meaning assigned such term in Section 2.07(f)(i).
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unwinds means the novation, sale, assignment, unwinding, termination, restructuring, modification, or amendment of a Hedging Agreement; provided that a Hedging Agreement shall be deemed not to have been subject to an Unwind if upon its termination or unwinding, it is replaced, in a substantially contemporaneous transaction, with one or more Hedging Agreements that would have approximately the same Borrowing Base value (as determined by the Administrative Agent in its reasonable judgment) and without cash payments to the Borrower or any Subsidiary in connection therewith.
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Related to unwinds

  • Unwind Period For any Cash Settlement or Net Share Settlement with respect to any Settlement of any Transaction, the period starting on the First Unwind Date for such Settlement and ending on the Valuation Date for such Settlement.

  • Unwind Costs means an amount determined by the Calculation Agent equal to the Issuer’s expenses, losses or costs (expressed as a negative number) or gain (expressed as a positive number) incurred (or expected to be incurred) by or on behalf of the Issuer as a result of its terminating, liquidating, modifying, obtaining or re-establishing any hedges or related trading positions or funding arrangements entered into by it (including with its internal functions) and including, without limitation, interest rate swaps specifically in connection with the Notes.

  • Hedge or “hedging” means a strategy used to offset or reduce the risk associated with an investment or a group of investments.

  • Hedging means acting to protect against economic loss due to price fluctuation of a commodity or related investment by entering

  • Hedging Agreements means, collectively, interest rate protection agreements, equity index agreements, foreign currency exchange agreements, option agreements or other interest or exchange rate or commodity price hedging agreements (other than forward contracts for the delivery of power or gas written by the Borrower to its jurisdictional and wholesale customers in the ordinary course of business).