Hedging Exposure means the aggregate amount that would be payable to all Persons by the Relevant Group on the date of determination pursuant to (a) Section 6(e)(i)(3) of each ISDA Master Agreement entered into using the 1992 ISDA Master Agreement and (b) Section 6(e)(i) of each ISDA Master Agreement entered into using the 2002 ISDA Master Agreement, between the Borrower and such Persons as if all Derivative Instruments under such ISDA Master Agreements were being terminated on that day; provided that, for the purpose of such determination, with respect to the Derivative Instruments between each Lender and the Borrower entered into using (w) the 1992 ISDA Master Agreement, each Lender will be deemed to be the Non-defaulting Party (as such term is defined in the ISDA Master Agreement) and will determine Market Quotation (as such term is defined in the ISDA Master Agreement) using its estimates at mid-market of the amounts that would be paid for Replacement Transactions (as such term is defined in the 1992 ISDA Master Agreement), and (x) the 2002 ISDA Master Agreement, each Lender will be deemed to be the Non-defaulting Party (as such term is defined in the ISDA Master Agreement) and will determine the Close-Out Amount (as such term is defined in the ISDA Master Agreement).
Hedging Exposure means at any time the aggregate amount of any liabilities or obligations owing to a Hedging Bank in respect of any Hedging Agreements.
Hedging Exposure means at any time (a) for a Rate Protection Arrangement, the related Rate Protection Exposure, and (b) for any other Hedging Agreement, the amount, if any, that would be payable to the counterparty to that Hedging Agreement if it were terminated at that time.
Examples of Hedging Exposure in a sentence
ASSIGNING RESPONSIBILITY FOR HEDGING EXPOSURE It is important for management to decide at what level hedging strategies will be determined and implemented.
More Definitions of Hedging Exposure
Hedging Exposure means, on any date of determination for any Hedging Transaction, the amount, as calculated in good faith and in a commercially reasonable manner by the Bank or other Person that is Company's counterpart for such Hedging Transaction, which such Bank or Person would pay to a third party (such amount being expressed as a negative number) or receive from a third party (such amount being expressed as a positive number) in an arm's-length transaction as consideration for the third party's entering into a new transaction with such Bank or Person in which: (a) such Bank or Person holds the same position in the Hedging Transaction as it currently holds; (b) the third party holds the same position as Company currently holds; and (c) the new transaction has economic and other terms and conditions identical in all respects to such Hedging Transaction except that (i) the date of calculation shall be deemed to be the date of commencement of the new transaction and (ii) all period end dates shall correspond to all period end dates, if any, for such Hedging Transaction.
Hedging Exposure means, in respect of any one or more Hedging Transactions and Agent or any Lender, after taking into account the effect of any legally enforceable netting agreement relating to such Hedging Transactions, (a) for any date on or after the date such Hedging Transactions have been closed out and termination value(s) determined in accordance therewith, such termination value(s), and (b) for any date prior to the date referenced in clause (a), the amount(s) determined by Agent or any Lender or any Affiliate of Agent or such Lender (as of such date of determination) as the xxxx-to-market value(s) for such Hedging Transactions, based upon one or more mid-market or other readily available quotations provided by any recognized dealer in such Hedging Transactions, which may include Agent or any Lender or any Affiliate of Agent or such Lender.
Hedging Exposure means, at any time and subject to the Hedging Sublimit, the sum of the amount determined by the Agent (in its sole discretion with consideration given to any determinations provided to the Agent by the BP Provider and the Lenders (and their Affiliates) providing Hedge Agreements) to be the credit risk associated with all outstanding Hedge Agreements. The total of all such Hedging Exposures of all Lenders (and their Affiliates) not to exceed the Hedging Sublimit. Any Hedging Exposure denominated in U.S. Dollars shall be the CDN Dollar equivalent thereof.
Hedging Exposure means in respect of the Hedge Provider (and in respect of a Lender, where such Lender is the Hedge Provider) at the relevant time, the aggregate of:
Hedging Exposure means, in respect of any one or more Hedging Transactions and Comerica, after taking into account the effect of any legally enforceable netting agreement relating to such Hedging Transactions, (a) for any date on or after the date such Hedging Transactions have been closed out and termination value(s) determined in accordance therewith, such termination value(s), and (b) for any date prior to the date referenced in clause (a), the amount(s) determined by Comerica or any Affiliate of Comerica (as of such date of determination) as the xxxx-to-market value(s) for such Hedging Transactions, based upon one or more mid-market or other readily available quotations provided by any recognized dealer in such Hedging Transactions, which may include Comerica or any Affiliate of Comerica.
Hedging Exposure means, on any date of determination for any Hedging Transaction, the amount, as calculated in good faith and in a commercially reasonable manner by the Lender Bank that is a Grantor's counterparty for such Hedging Transaction, which such Lender Bank would pay to a third party (such amount being expressed as a negative number) or received from a third party (such amount being expressed as a positive number) in an arm's length transaction as consideration for the third party's entering into a new transaction with such Lender Bank in which: (a) such Lender Bank holds the same position in the Hedging Transaction as it currently holds; (b) the third party holds the same position as a Grantor currently holds; and (c) the new transaction has economic and other terms and conditions identical in all respects to such Hedging Transaction except that (i) the date of calculation shall be deemed to be the date of commencement of the new transaction and (ii) all period end dates shall correspond to all period end dates, if any, for such Hedging Transaction.
Hedging Exposure means the aggregate amount that would be payable to all Persons by the Borrower on any date of determination pursuant to (a) Section 6(e)(i)(3) of each ISDA Master Agreement entered into using the 1992 ISDA Master Agreement and (b) Section 6(e)(i) of each ISDA Master Agreement entered into using the 2002 ISDA Master Agreement, in each case between the Borrower and such Persons as if all hedging agreements under such ISDA Master Agreements were being terminated on that day; provided that, for the purpose of such determination, with respect to Hedging Agreements between a Lender and the Borrower entered into using (y) the 1992 ISDA Master Agreement, such Lender will be deemed to be the Non-defaulting Party (as such term is defined in the 1992 ISDA Master Agreement) and will determine Market Quotation (as such term is defined in the 1992 ISDA Master Agreement) using its estimates at mid-market of the amounts that would be paid for Replacement Transactions (as such term is defined in the 1992 ISDA Master Agreement), and (z) the 2002 ISDA Master Agreement, such Lender will be deemed to be the Non-defaulting Party (as such term is defined in the 2002 ISDA Master Agreement) and will determine the Close-Out Amount (as such term is defined in the 2002 ISDA Master Agreement).