Hedging Policy Clause Samples
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Hedging Policy. Pursuant to the Entergy Corporation Policy Relating to Hedging, as adopted by the Company’s Board of Directors at its meeting held on December 3, 2010, officers, directors and employees are prohibited from entering into hedging or monetization transactions involving Common Stock so they continue to own Common Stock with the full risks and rewards of ownership, thereby ensuring continued alignment of their objectives with the Company’s other shareholders. Participation in any hedging transaction with respect to Common Stock (including Performance Units) is prohibited.
Hedging Policy. The Borrower has implemented an interest rate hedging policy for the purpose of evaluating when it may be appropriate to implement a hedging strategy which would seek to provide providing protection against fluctuations in interest rates and the Borrower will maintain such hedging policy during the term of this Agreement.
Hedging Policy. The Hedging Policy has been approved by the Board of Directors of the Company (or by a committee duly delegated by such Board of Directors that is comprised of two or more members thereof) and is currently in effect.
Hedging Policy. The Bank shall have received Financial's policy and procedures with respect to hedging transactions, a copy of which shall be attached hereto as Exhibit D (the "Hedging Policy"), certified by a Responsible Officer.
Hedging Policy. (a) The Borrower shall establish and maintain, as of and after the Closing Date, a hedging policy (“Hedging Policy”) consistent with the criteria and provisions set forth on Exhibit D hereto, and with any changes in such Hedging Policy to be made subject to the provisions set forth on Exhibit D.
(b) The Borrower shall implement and comply with its Hedging Policy as in effect from time to time by entering into Eligible Hedge Agreements with Eligible Counterparties as necessary to so comply.
Hedging Policy. With respect to the first Transaction occurring on or after August 6, 2021, Buyer shall have approved Seller’s hedging policy with respect to the Purchased Assets that are Prime Jumbo Mortgage Loans and Agency Mortgage Loans.
Hedging Policy. (a) No Obligor shall enter into any interest and currency hedging, or other derivative transactions, for speculative purposes.
(b) The Borrowers shall hedge their interest and currency rate exposure in accordance with the Hedging Letter, and no amendments shall be made to the hedging policy set out therein without the prior written consent of the Agent.
Hedging Policy. Fail to comply in all material respects with the Hedging Policy or change the Hedging Policy in any material way, or terminate the Hedging Policy without prior notice to the Agent.
Hedging Policy. The Borrower shall have implemented Eligible Hedge Agreements with Eligible Counterparties in compliance with the Hedging Policy.
Hedging Policy. It will use its best efforts to hedge its interest rate exposure in accordance with the Hedging Policy and the following requirements:
(i) Each Hedging Contract will comply with the requirements of Schedule 11.
(ii) Security may be granted to a Hedging Bank only on an equal basis with the Lenders. This may only be achieved by the counterparty to the Hedging Contract executing and delivering a Hedging Bank Agreement with the Agent substantially in the form of Schedule 10.
(iii) It will use its best efforts to ensure that all Hedging Contracts required by the Hedging Policy are effective by the date 90 days after the Amendment Date.
(iv) The counterparties in all Hedging Contracts must at all times be Lenders or their affiliates.
(v) The aggregate notional principal amount under all the Hedging Contracts will not exceed the Facility A Commitments (provided that, to the extent that the notional principal amount exceeds the Facility A Loan, the Borrower will supply the Agent with details of proposed Facility A Advances to be made by it in respect of this amount).
(vi) The Borrower will notify the Agent before executing any Hedging Contract and before agreeing any transaction under a Hedging Contract. This notification will include details of the commercial terms of the Hedging Contract. In the notification the Borrower will confirm that the proposed Hedging Contract or transaction will not infringe the requirements of this paragraph.