No Speculative Transactions. No Credit Party shall engage in any transaction involving commodity options, futures contracts or similar transactions, except solely to hedge against fluctuations in the prices of commodities owned or purchased by it and the values of foreign currencies receivable or payable by it and interest swaps, caps or collars.
Appears in 93 contracts
Samples: Credit Agreement (RBC Bearings INC), Credit Agreement (Inverness Medical Innovations Inc), Credit Agreement (Butler International Inc /Md/)
No Speculative Transactions. No Credit Party shall, or shall permit any Subsidiary of any Credit Party to, engage in any transaction involving commodity options, futures contracts or similar transactions, except solely to hedge against fluctuations in the prices of commodities owned or purchased by it and the values of foreign currencies receivable or payable by it and interest swaps, caps or collars.
Appears in 5 contracts
Samples: Credit Agreement (Blount International Inc), Credit Agreement (Blount International Inc), Credit Agreement (Blount International Inc)
No Speculative Transactions. No Credit Party shall engage in any --------------------------- transaction involving commodity options, futures contracts or similar transactions, except solely to hedge against fluctuations in the prices of commodities owned or purchased by it and the values of foreign currencies receivable or payable by it and interest swaps, caps or collars.
Appears in 4 contracts
Samples: Credit Agreement (Icon Health & Fitness Inc), Credit Agreement (United Road Services Inc), Credit Agreement (Bon Ton Stores Inc)
No Speculative Transactions. No Credit Party shall engage in any transaction involving commodity options, futures contracts or similar transactions, except solely to hedge against fluctuations in the prices of commodities owned or purchased by it and the values of foreign currencies receivable or payable by it and interest swaps, caps or collars, so long as such proposed hedging transaction is upon prior notice of same to Agent and the agreements effectuating such proposed hedging transaction are satisfactory to Agent in form and substance.
Appears in 3 contracts
Samples: Credit Agreement (Standard Motor Products Inc), Credit Agreement (Standard Motor Products Inc), Credit Agreement (Standard Motor Products Inc)
No Speculative Transactions. No Credit Party shall engage in any transaction involving commodity options, futures contracts or similar transactions, except in connection with Derivative Agreements entered into solely to hedge against fluctuations in the prices of commodities owned or purchased by it and the values of foreign currencies receivable or payable by it and interest swaps, caps or collars.
Appears in 2 contracts
Samples: Revolving Credit Agreement (Jumpking Inc), Credit Agreement (Jumpking Inc)
No Speculative Transactions. No Credit Party shall engage in any transaction involving commodity options, futures contracts or similar transactions, except solely to hedge against fluctuations in the prices of commodities owned or purchased by it and the values of foreign currencies receivable or payable by it and interest swaps, caps or collars.. 6.17
Appears in 1 contract
No Speculative Transactions. No Credit Party shall engage in any transaction involving commodity options, futures contracts or similar transactions, except solely to hedge against fluctuations in the prices of commodities owned or purchased by it and the values of foreign currencies receivable or payable by it and interest swaps, caps or collars, so long as such proposed hedging transaction is upon prior notice of same to Agent and the agreements effectuating such proposed hedging transaction are satisfactory to Agent in form and substancenot speculative.
Appears in 1 contract
No Speculative Transactions. No Credit Party shall engage in any transaction involving commodity options, options or futures contracts or similar transactions, except solely to hedge against fluctuations in the prices of commodities owned or purchased by it and the values of foreign currencies receivable or payable by it and interest swaps, caps or collars.
Appears in 1 contract
Samples: Credit Agreement (Key Tronic Corp)
No Speculative Transactions. No Credit Party shall engage in any transaction that is speculative and not for hedging purposes involving commodity options, futures contracts or similar transactions, except solely to hedge against fluctuations in the prices of commodities owned or purchased by it and the values of foreign currencies receivable or payable by it and interest swaps, caps or collars.
Appears in 1 contract
No Speculative Transactions. No Credit Party shall engage in any transaction involving commodity optionsoptions or futures contracts, futures contracts swaps or similar transactions, except solely to hedge against fluctuations in the prices of commodities owned or purchased by it and the values of foreign currencies receivable or payable by it and interest swaps, caps or collars.
Appears in 1 contract
Samples: Credit Agreement (Liposome Co Inc)
No Speculative Transactions. No Such Credit Party shall not engage in any transaction involving commodity options, futures contracts or similar transactions, except solely to hedge against fluctuations in the prices of commodities owned or purchased by it and the values of foreign currencies receivable or payable by it and interest swaps, caps or collars.
Appears in 1 contract
Samples: Credit Agreement (Roller Bearing Co of America Inc)
No Speculative Transactions. No Credit Party shall engage in any transaction involving commodity options, futures contracts or similar transactions, except solely to hedge against fluctuations in the prices of commodities owned or purchased by it and the values of foreign currencies receivable or payable by it and interest swaps, caps or collars.. 6.18
Appears in 1 contract
No Speculative Transactions. No Credit Party shall or shall allow any of their Subsidiaries to engage in any transaction involving commodity options, futures contracts or similar transactions, except solely to hedge against fluctuations in the prices of commodities owned or purchased by it and the values of foreign currencies receivable or payable by it and interest swaps, caps or collars.
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No Speculative Transactions. No Credit Party shall engage in --------------------------- any transaction involving commodity options, futures contracts or similar transactions, except solely to hedge against fluctuations in the prices of commodities owned or purchased by it and the values of foreign currencies receivable or payable by it and interest swaps, caps or collars.
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No Speculative Transactions. No Credit Party shall engage in any transaction involving commodity options, futures contracts or similar transactions, except solely to hedge against fluctuations in the prices of commodities owned or purchased by it and the values of foreign currencies receivable or payable by it and interest swaps, caps or collars.collars without Agent's prior written consent. Leases;
Appears in 1 contract
Samples: Credit Agreement (Gottschalks Inc)
No Speculative Transactions. No Credit Party shall engage in any transaction involving commodity options, futures contracts or similar transactions, except solely to hedge against fluctuations in the prices of commodities owned or purchased by it it, and the values of foreign currencies receivable or payable by it it, and interest swaps, caps or collars.
Appears in 1 contract
Samples: Credit Agreement (Penn Traffic Co)
No Speculative Transactions. No Credit Party shall engage in any transaction involving commodity options, futures contracts or similar transactions, except solely to hedge against fluctuations in the prices of commodities owned or purchased by it and provided any such transaction is consistent with past practices or is approved by the values board of foreign currencies receivable or payable by it and interest swaps, caps or collarsdirectors of Parent.
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No Speculative Transactions. No Credit Loan Party shall engage in any transaction involving commodity options, futures contracts or similar transactions, except solely to hedge against fluctuations in the prices of commodities owned or purchased by it and the values of foreign currencies receivable or payable by it and interest swaps, caps or collars.
Appears in 1 contract
No Speculative Transactions. No Credit Party shall engage in any transaction involving commodity options, futures contracts or similar transactions, except solely to hedge against fluctuations in the prices of commodities owned or purchased by it and the values of foreign currencies receivable or payable by it and interest swaps, caps or collarsit.
Appears in 1 contract
No Speculative Transactions. No Credit Party shall engage in any --------------------------- transaction involving commodity optionspurchase or option agreements, futures contracts or similar transactions, except solely to hedge against fluctuations in the prices or supply of commodities owned or purchased by it and the values of foreign currencies receivable or payable by it and interest swaps, caps or collars.
Appears in 1 contract
No Speculative Transactions. No Credit Party shall engage in any transaction involving commodity options, futures contracts or similar transactions, except solely to hedge against fluctuations in the prices of commodities owned or purchased by it and the values of foreign currencies receivable or payable by it and interest swaps, caps or collars; provided, however, that Borrowers may undertake the transactions described in Section 5.10.
Appears in 1 contract
