Common use of Hedging Obligations Clause in Contracts

Hedging Obligations. The Borrower shall not and shall not permit any of its Subsidiaries to enter into any Hedging Arrangements evidencing Hedging Obligations, other than Hedging Arrangements entered into by the Borrower or its Subsidiaries pursuant to which the Borrower or its Subsidiaries has hedged its actual or anticipated interest rate, foreign currency or commodity exposure, and which are non-speculative in nature. The agreements in respect of such permitted Hedging Arrangements entered into by the Borrower or its Subsidiaries and any Lender or any affiliate of any Lender including, without limitation, to hedge floating interest rate risk in an aggregate notional amount not to exceed at any time an amount equal to the outstanding balance of the Term Loans at such time are sometimes referred to herein as “Hedging Agreements.” In the 95 event a Lender or any of its Affiliates elects to enter into any Hedging Agreement with the Borrower or any of its Subsidiaries, the obligations of the Borrower and such Subsidiary with respect to such Hedging Agreement shall be Secured Obligations secured by the Collateral.

Hedging Obligations. The Borrower shall not and shall not permit any of its Subsidiaries to enter into any Hedging Arrangements interest rate, commodity or foreign currency exchange, swap, collar, cap or similar agreements evidencing Hedging Obligations, other than Hedging Arrangements interest rate, foreign currency or commodity exchange, swap, collar, cap or similar agreements entered into by the Borrower or any of its Subsidiaries pursuant to which the Borrower or its Subsidiaries has have hedged its their actual or anticipated interest rate, foreign currency or commodity exposure, and which are non-speculative in nature. The Such permitted hedging agreements in respect of such permitted Hedging Arrangements entered into by the Borrower or any of its Subsidiaries and any Lender or any affiliate of any Lender including, without limitation, to hedge floating interest rate risk in an aggregate notional amount not to exceed at any time an amount equal to the outstanding balance of the Term Loans at such time are sometimes referred to herein as “"Hedging Agreements.” " In the 95 event a Lender or any of its Affiliates elects to enter into any Hedging Agreement with any of the Borrower or any of its Subsidiaries, the obligations of the Borrower and any such Subsidiary with respect to such Hedging Agreement shall be Secured Obligations Obligations, secured by the Collateralcollateral pledged pursuant to the Collateral Documents.

Hedging Obligations. The Borrower shall not and shall not permit any of its Subsidiaries to enter into any Hedging Arrangements evidencing Hedging Obligations, other than Hedging Arrangements entered into by the Borrower or its Subsidiaries pursuant to which the Borrower or its Subsidiaries has hedged its actual or anticipated interest rate, foreign currency or commodity exposure, and which are non-speculative in nature. The agreements in respect of such permitted Hedging Arrangements entered into by the Borrower or its Subsidiaries and any Lender or any affiliate of any Lender including, without limitation, to hedge floating interest rate risk in an aggregate notional amount not to exceed at any time an amount equal to the outstanding balance of the Term Loans at such time are sometimes referred to herein as “"Hedging Agreements.” " In the 95 event a Lender or any of its Affiliates elects to enter into any Hedging Agreement with the Borrower or any of its Subsidiaries, the obligations of the Borrower and such Subsidiary with respect to such Hedging Agreement shall be Secured Obligations secured by the Collateral.

Hedging Obligations. The Borrower Parent shall not and shall not permit any of its Subsidiaries to enter into any Hedging Arrangements interest rate, commodity or foreign currency exchange, swap, collar, cap or similar agreements evidencing Hedging Obligations, other than Hedging Arrangements interest rate, foreign currency or commodity exchange, swap, collar, cap or similar agreements entered into by the Borrower or its Subsidiaries pursuant to which the Borrower or its Subsidiaries has have hedged its their actual or anticipated interest rate, foreign currency or commodity exposure, and which are non-speculative in nature. The Such permitted hedging agreements in respect of such permitted Hedging Arrangements entered into by the Borrower or its Parent's Subsidiaries and any Lender or any affiliate of any Lender including, without limitation, to hedge floating interest rate risk in an aggregate notional amount not to exceed at any time an amount equal to the outstanding balance of the Term Loans at such time are sometimes referred to herein as “Hedging Agreements"HEDGING AGREEMENTS.” " In the 95 event a Lender or any of its Affiliates elects to enter into any Hedging Agreement with the Borrower or any of its the Parent's Subsidiaries, the obligations of the Borrower and such Subsidiary with respect to such Hedging Agreement shall be Secured Obligations Obligations, secured by the Collateralcollateral pledged pursuant to the Collateral Documents.