Examples of Guaranteed Hedge Agreement in a sentence
No Guarantor shall have any right to possession of any such asset or to foreclose upon any such asset, whether by judicial action or otherwise, unless and until all of the Obligations shall have been fully paid and satisfied (in cash) and all financing arrangements pursuant to any Loan Document, any Guaranteed Hedge Agreement or any Banking Services Agreement have been terminated.
The agreements in this Section shall survive the resignation of the Administrative Agent, the replacement of any Lender, the expiration or cancellation of any Letter of Credit, the closing out and termination of any Guaranteed Hedge Agreement and the repayment, satisfaction or discharge of all the Guaranteed Obligations.
With respect to any Guaranteed Obligations under Guaranteed Hedge Agreements that are excluded pursuant to the first sentence of this paragraph, such Guaranteed Hedge Agreements will be payable pursuant to the provisions set forth in such applicable Guaranteed Hedge Agreement.
Upon failure by the US Borrower to pay punctually any such amount, the Parent Guarantor agrees that it shall forthwith on demand pay to the Administrative Agent for the benefit of the Lenders and, if applicable, their Affiliates, the amount not so paid at the place and in the manner specified in the Credit Agreement, any Note, or the relevant Loan Document, Guaranteed Cash Management Agreement or Guaranteed Hedge Agreement, as the case may be.
During the Waiver Period, at no time and under no circumstance shall the Eurodollar Rate be less than 0.250% per annum with respect to any Eurodollar Rate Advance that has not been identified by the Borrower in accordance with the terms of the 2019 Term Loan Agreement as being subject to a Guaranteed Hedge Agreement.