Interest Rate Hedge Agreement definition

Interest Rate Hedge Agreement any interest rate swap agreement, interest rate cap, collar or other arrangement between the Borrower and a Hedge Provider, consisting of a “Master Agreement” in a form published by the International Swaps and Derivatives Association, Inc., together with a “Schedule” thereto in substantially such form as the Program Agent shall have approved, each “Confirmation” thereunder confirming the terms of each transaction thereunder and any credit support annex and schedule thereto.

Interest Rate Hedge Agreement means an interest rate swap, cap or collar agreement or any other hedging arrangements providing for protection against fluctuations in interest rates or the exchange of nominal interest obligations, either generally or under specific contingencies.

Interest Rate Hedge Agreement means each 1992 or 2002 ISDA Master Agreement (Multicurrency-Cross Border) (or such other ISDA pro forma master agreement as may be published by ISDA from time to time), together with the Schedule (as defined therein and which shall be substantially in the form of the Schedule executed on or about the Issue Date in respect of the Interest Rate Hedge Agreement) and the transaction confirmation relating thereto, entered into by the Issuer with the Interest Rate Hedge Counterparty, including any Replacement Interest Rate Hedge Agreement.

Examples of Interest Rate Hedge Agreement in a sentence

• Furthermore, the terms of the Interest Rate Hedge Agreements may provide for the ability of the Interest Rate Hedge Counterparty to terminate such Interest Rate Hedge Agreement upon the occurrence of certain events, including related to certain regulatory matters.

• All Obligations of the Borrower to the Administrative Agent or any of the Lenders or any of their Affiliates pursuant to any Interest Rate Hedge Agreement permitted hereunder and all Liens granted to secure such Obligations shall rank pari passu with all other Obligations and Liens securing such other Obligations; and any Interest Rate Hedge Agreement between the Borrower and any other Person shall be unsecured.

• Credit Enhancement InstrumentAgreement between Fannie Mae and a Bond Trustee where Fannie Mae provides credit enhancement of a Credit Enhancement Mortgage Loan, Bonds issued to finance a Credit Enhancement Mortgage Loan, or an Interest Rate Hedge Agreement; and if applicable, a Bond liquidity facility.

• No repayment or prepayment pursuant to this Section 2.6 shall affect any of the Borrower’s obligations under any Interest Rate Hedge Agreement.

• If the Borrower fails to purchase an Interest Rate Hedge Agreement that adequately protects the Lenders, the Program Agent may reduce the Advance Rate to compensate for the potential reduction in the Excess Spread Ratio and continued exposure to additional interest rate risk.

More Definitions of Interest Rate Hedge Agreement

Interest Rate Hedge Agreement means any contract, agreement, instrument or document governing the terms of any Interest Rate Hedge.

Interest Rate Hedge Agreement means each 1992 ISDA Master Agreement (Multi Currency – Cross Border) or 2002 ISDA Master Agreement (or such other ISDA pro forma master agreement as may be published from time to time), together with the Schedule and, where the context admits, the Confirmations relating thereto (as each term is defined therein), entered into between the Issuer and one or more Interest Rate Hedge Counterparties from time to time in connection with the Issuer’s payment obligations under the Notes evidencing the Interest Rate Hedge Transactions entered into by the Issuer from time to time, as amended, supplemented or replaced from time to time and including any guarantee thereof and any credit support annex entered into pursuant to the terms thereof and including any Replacement Interest Rate Hedge Agreement entered into in replacement thereof. Each Interest Rate Hedge Agreement entered into shall be in substantially the same form as that entered into by the Issuer on or about the Closing Date, subject to such amendments as may be agreed by the Trustee and in respect of which Rating Agency Confirmation has been received;

Interest Rate Hedge Agreement means any swap, cap, collar, forward purchase or similar agreements or arrangements entered into by a Borrower or one of its Affiliates in connection with the Loan Facility for the sole purpose of reducing a Borrower’s exposure to interest rate risk and not for speculative purposes.

Interest Rate Hedge Agreement means any Hedge Agreement entered into by a Loan Party in the ordinary course of business and not for speculative purposes in order to effectively cap, collar or exchange interest rates (from floating to fixed rates) with respect to any interest-bearing liability or investment of a Loan Party.

Interest Rate Hedge Agreement means each 1992 ISDA Master Agreement (Multicurrency-Cross Border) or 2002 ISDA Master Agreement (or such other ISDA pro forma Master Agreement as may be published by ISDA from time to time) and the schedule relating thereto which is entered into between the Issuer and an Interest Rate Hedge Counterparty, including any guarantee thereof and any credit support annex entered into pursuant to the terms thereof and together with each confirmation entered into thereunder from time to time in respect of a Interest Rate Hedge Transaction, as amended or supplemented from time to time and including any Replacement Interest Rate Hedge Agreement entered into in replacement thereof.

Interest Rate Hedge Agreement means all ISDA Master Agreements and all interest rate cap agreements, confirmations and other interest rate agreements entered into by the Issuer in connection with an Eligible Interest Rate Cap (or other interest rate cap or swap).

Interest Rate Hedge Agreement. Any interest rate swap agreement, cap agreement or other similar agreement entered into by the Issuer.