Derivatives · glossary
The lenders' letter that let Atlas hedge without breaching its loan. It makes hedging trades permitted debt whatever their value, counts their net payments as finance charges, and says the Master Agreement is not a Finance Document. The bank would not sign until it existed. Exhibit 1 · Chapter 5 · Chapter 13
Explained in Chapter 5, Representations, Undertakings and the Paper Trail, of Derivatives.
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