Permitted Hedging Transaction definition

Permitted Hedging Transaction means any Treasury Transaction:

Permitted Hedging Transaction means hedging arrangements entered into by a Borrower pursuant to any ISDA Master Agreements and/or exchange-traded instruments with one or more counterparties, provided (i) the aggregate notional amount of such hedging arrangements shall not exceed the net assets of such Borrower at the time such Borrower enters into any such hedging arrangement, and (ii) such Borrower’s purpose for entering into such arrangements relates to (x) hedging its foreign currency denominated share capital or other equity interest or (y) other non-speculative purposes mutually agreed upon between such Borrower and the Lender (the Lender’s consent not to be unreasonably withheld, conditioned or delayed).

Permitted Hedging Transaction means any Derivative Transaction that is a currency option agreement or forward foreign exchange agreement entered into by the Issuer or any of its Subsidiaries with any Person (other than the Issuer or any of its Subsidiaries) (1) designed to protect against fluctuations in currency values solely with respect to (a) trade receivables, (b) trade payables, (c) the obligations of the Issuer to make payments of principal, premium, if any, interest or Additional Amounts, if any, on the Senior Notes or the Junior Notes or (d) consideration receivable in the form of cash or Cash Equivalents pursuant to Asset Sales, and (2) other than in the case of clause (1)(c), in the ordinary course of business and with a non-extendable term of not more than 12 months.

Examples of Permitted Hedging Transaction in a sentence

• The Issuer shall not, and shall not permit any of its Subsidiaries to, enter into any Derivative Transaction other than a Permitted Hedging Transaction or a Permitted Intra-Group Hedging Transaction.

• No Obligor shall (and the Borrower will procure that no other Group Member will) enter into any Treasury Transaction, other than any Permitted Hedging Transaction.

• No Obligor shall (and the Borrower shall procure that no other Group Member will) enter into any Treasury Transaction, other than any Permitted Hedging Transaction.

• For the avoidance of doubt, following a foreclosure on such pledged Restricted Securities by the Permitted Counterparty in accordance with the terms of the instruments governing a Permitted Hedging Transaction and related pledge of Restricted Securities permitted hereby, a purchaser of the foreclosed-upon Restricted Securities shall not be subject to Article III of this Agreement or the Stockholders Agreement.

• Borrower proposes to enter into a Permitted Hedging Transaction with Southern Company Energy Marketing L.P. ("SCEM"), which Permitted Hedging Transaction is to be supported by the SCEM Letter of Credit (as defined, pursuant to the amendment to the credit Agreement effected by this Amendment No. 1, in Section 1(A) of the Credit Agreement as so amended) to be issued, or arranged for issuance, by Lender.

More Definitions of Permitted Hedging Transaction

Permitted Hedging Transaction means any derivative transaction entered into solely for the purpose of interest rate hedging in relation to the Facility and which is entered into after the rate of interest on the Loan for an Interest Period commencing after the date falling three (3) years from the date of this Agreement exceeds seven (7) per cent. per annum.

Permitted Hedging Transaction means any Hedging Transaction that;

Permitted Hedging Transaction means Other Hedging Agreements and Interest Rate Protection Agreements, to the extent permitted pursuant to Section 9.04(ii).

Permitted Hedging Transaction shall have its meaning as set forth in the Investment Management Agreement."

Permitted Hedging Transaction means: (i)any interest rate or currency swap entered into in respect of Permitted Financial Indebtedness or in connection with a Permitted Acquisition.(ii)with the prior consent of the Holder Majority, arising under a foreign exchange transaction for spot or forward delivery entered into in connection with protection against fluctuation in currency rates where that foreign exchange exposure arises in the ordinary course of trade, but not a foreign exchange transaction for investment or speculative purposes; or(iii)with the prior consent of the Holder Majority, any Treasury Transaction entered into for the hedging of actual or projected real exposures arising in the ordinary course of trading activities of the Issuer or a member of the Group and not for speculative purposes.

Permitted Hedging Transaction means, with respect to an Investor, a Hedge with respect to securities of the same class as the Shares in connection with which the registered Shares delivered to the applicable Investor under this Agreement are not delivered to the counterparty, securities lender or other transferee under the Hedge.

Permitted Hedging Transaction means any Hedging Transaction entered into in connection with protection against or benefit from fluctuation in any rate or price, by the Borrower with a Hedging Counterparty, for the purpose of hedging the Borrower's interest rate or currency risk exposure in respect of a specific Asset, provided that: