Common use of Hedge Transactions Clause in Contracts

Hedge Transactions. The Borrowers and the Restricted Subsidiaries will enter into or become obligated with respect to Hedge Agreements only in the ordinary course of business to hedge or protect against actual or reasonably anticipated exposures and not for speculation.

Appears in 3 contracts

Samples: Credit Agreement (Freeport McMoran Resource Partners Limited Partnership), Credit Agreement (Freeport McMoran Inc), Credit Agreement (Freeport McMoran Copper & Gold Inc)

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Hedge Transactions. The Borrowers Borrower, the Guarantor and the Restricted Subsidiaries will shall enter into or become obligated with respect to Hedge Agreements only in the ordinary course of business to hedge or protect against actual or reasonably anticipated exposures and not for speculation.

Appears in 1 contract

Samples: Credit Agreement (McMoran Exploration Co /De/)

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Hedge Transactions. The Borrowers Borrower and the Restricted Subsidiaries will shall enter into or become obligated with respect to Hedge Agreements only in the ordinary course of business to hedge or protect against actual or reasonably anticipated exposures and not for speculation.

Appears in 1 contract

Samples: Credit Agreement (Freeport McMoran Sulphur Inc)

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