Hedging Party - Equity Derivatives Provision
Commentary
Relevant in the context of hedging disruption as the entity which is actually carrying out the hedging activity, if it isn't the party itself. (even if 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: