Commodity Hedge definition

Commodity Hedge means a price protection agreement related to commodity products and entered into by the Company or its Subsidiaries for hedging purposes (and not for speculation).

Commodity Hedge means a price protection agreement: (i) related to crude oil, diesel fuel, heating oil, coal, SO2 allowances or other commodities used in the ordinary course of business of ACI and its Affiliates and (ii) entered into by ACI and its Affiliates for hedging purposes in the ordinary course of the operations of their business.

Commodity Hedge means a price protection agreement related to commodity products and entered into by any Loan Party or any Subsidiary of any Loan Party for hedging purposes (and not for speculation).

Examples of Commodity Hedge in a sentence

• The Company will not, and will not permit any of the Guarantors to, directly or indirectly enter into any Commodity Hedge Agreement that will constitute First Lien Debt, other than Eligible Commodity Hedge Agreements.

• Enter into any Commodity Hedge Agreement if, after giving effect thereto the total volume of Hydrocarbons to be hedged under Commodity Hedging Agreements would exceed, at the time of entering into any Commodity Hedge Agreement, 80% of the projected PDP production from the Oil and Gas Properties of the Borrower and the Subsidiaries for the period during which such Commodity Hedging Agreement is in effect.

• The Agent may resign as Agent upon ten days’ notice to the Lenders, all Approved Hedge Counterparties under then existing Commodity Hedge Agreements or Interest Rate Hedge Agreements and the Borrower.

• Maintain in effect and comply, in all material respects, with the provisions of the Minimum Required Commodity Hedge Agreements.

• Enter into any Commodity Hedge Agreement, whether with an Approved Hedge Counterparty or another Person, other than the Minimum Required Commodity Hedge Agreements or liquidate or terminate any of Minimum Required Commodity Hedge Agreements.

More Definitions of Commodity Hedge

Commodity Hedge means commodity swaps, commodity options, forward commodity contracts and any other similar transactions entered into by the Borrower in the ordinary course of its business (only for hedging (rather than speculative) purposes) in order to provide protection to, or minimize the impact upon, the Borrower of increasing prices of commodities.

Commodity Hedge means any agreement with respect to any swap, forward, future, cap, collar, hedge or derivative transaction or option (including heat rate call options) or similar agreement involving, or settled by reference to, one or more commodities (including natural gas or power).

Commodity Hedge means any commodity swap, commodity option, or forward commodity contract transaction, commodity price hedging arrangement, and any other similar transaction.

Commodity Hedge means a commodity swap, commodity option, forward commodity contract or similar agreements entered into by any Borrower, Guarantor and/or their respective Subsidiaries in order to provide protection to, or minimize the impact upon, such Borrower, any Guarantor and/or their respective Subsidiaries.

Commodity Hedge means a price protection agreement related to crude oil, diesel fuel, heating oil, coal, SO2 allowances, natural gas, natural gas liquids, or other commodities and entered into by the Parent Company or any of its Subsidiaries for hedging purposes in the ordinary course of the operations of their business (and not for speculation). Penn Virginia Fourth Amendment

Commodity Hedge means commodity swaps, commodity options, forward commodity contracts and any other similar transactions entered into by the Borrower in the

Commodity Hedge means a commodity swap, commodity option, or forward commodity contract transaction, commodity price hedging arrangement, or similar agreements entered into by the Debtor, Guarantor and/or their respective Subsidiaries in the ordinary course of business, and not for speculative purposes.