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A more careful draftsperson might have mentioned that the Hedging Party might not necessarily be one of the counterparties, but might be an [[affiliate]], and this wording might have more clearly captured that. | A more careful draftsperson might have mentioned that the Hedging Party might not necessarily be one of the counterparties, but might be an [[affiliate]], and this wording might have more clearly captured that. | ||
A lover of fair, large and liberal interpretations of [[tiresome]] legal agreements might wonder whether it would be much of a stretch to extend reference to the | A lover of fair, large and liberal interpretations of [[tiresome]] legal agreements might wonder whether it would be much of a stretch to extend reference to the “arrangements (howsoever described) by a party in order to hedge” to include affiliates and hedging agents of course. Especially where, as they will, they will pass the costs of those hedges on to the direct party (since — ahh — otherwise ''they wouldn’t be [[hedge|hedges]]''. | ||
{{triplecocktail}} | {{triplecocktail}} | ||
{{ref}} | {{ref}} |