Examples of Hedging Arrangement in a sentence
Promptly following the date hereof, the Buyer may, in its discretion and (subject to the next sentence) at its sole expense, enter into a Hedging Arrangement to protect against the risk of fluctuations in the prices of publicly traded securities held by the Evergreen Fund during the period between the Execution Date and the Closing Date (the “Evergreen Hedging Arrangement”).
In the event that the Evergreen Hedging Expenses are reimbursed pursuant to Section 7.3(a)(i) (Termination Fee; Expense Reimbursement), to the extent permitted by applicable Law and the terms of the Evergreen Hedging Arrangement, Buyer will use commercially reasonable efforts to cause the Evergreen Hedging Arrangement to be assigned to Seller or its designee for no additional consideration.
Reasonable and documented expenses incurred by the Buyer in connection with entering into the Evergreen Hedging Arrangement (the “Evergreen Hedging Expenses”) shall be subject to payment or reimbursement pursuant to Section 7.3(a)(i) (Termination Fee; Expense Reimbursement) in the event that this Agreement is terminated in the circumstances described in Section 7.3(a)(i) (Termination Fee; Expense Reimbursement).