Hedging Party - Equity Derivatives Provision

Commentary

Relevant in the context of Additional Disruption Events and hedging disruption as the entity which is actually carrying out the hedging activity, if it isn't the party itself (where not specified, it defaults to the parties themselves.

Now, even if hedging against the street is carried out out of another group entity, there would be an inter-company risk transfer so arguable a bit otiose). Note also that "Non-Hedging Party" definition somewhat assumes that the Hedging Party will indeed be the actual counterparty to the Transaction.

See also

See, for example, definitions:

• Non-Hedging Party,
• Hedging Disruption,
• Increased Cost of Hedging,
• Loss of Stock Borrow,
• Increased Cost of Stock Borrow,
• Hedging Shares,
• Lending Party.

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