Hedging. The Borrower shall not, and shall procure that no other Group Company shall, enter into any derivative transaction other than Permitted Hedging, where "Permitted Hedging" means: (a) any derivative transaction by a Group Company to hedge actual or projected exposure arising in the ordinary course of trading and not for speculative purposes; and (b) any derivative instrument of a Group Company which is accounted for on a hedge accounting basis but is not entered into for speculative purposes.
Appears in 3 contracts
Sources: Finance Contract (Edap TMS Sa), Finance Contract (Inventiva S.A.), Amendment Agreement (Nanobiotix S.A.)
Hedging. The Borrower shall not, and shall procure that no other Group Company shall, enter into any derivative transaction other than Permitted Hedging, where "Permitted Hedging" means:
: (a) any derivative transaction by a Group Company to hedge actual or projected exposure arising in the ordinary course of trading and not for speculative purposes; and
and (b) any derivative instrument of a Group Company which is accounted for on a hedge accounting basis but is not entered into for speculative purposes.
Appears in 2 contracts
Sources: Finance Contract (Nanobiotix S.A.), Finance Contract (Nanobiotix S.A.)
Hedging. The Borrower shall not, and shall procure that no other Group Company shall, enter into any derivative transaction other than Permitted Hedging, where "“Permitted Hedging" ” means:
(a) any derivative transaction by a Group Company to hedge actual or projected exposure arising in the ordinary course of trading and not for speculative purposes; and
(b) any derivative instrument of a Group Company which is accounted for on a hedge accounting basis but is not entered into for speculative purposes.
Appears in 2 contracts
Sources: Finance Contract (Brenmiller Energy Ltd.), Finance Contract (Cellectis S.A.)
Hedging. The Borrower shall not, and shall procure that no other Group Company none of its Subsidiaries shall, enter into any derivative transaction other than Permitted Hedging, where "“Permitted Hedging" ” means:
(a) any derivative transaction by a Group Company one of its Subsidiaries to hedge actual or projected exposure arising in the ordinary course of trading and not for speculative purposes; and
(b) any derivative instrument of a Group Company one of its Subsidiaries which is accounted for on a hedge accounting basis but is not entered into for speculative purposes.
Appears in 1 contract
Sources: Finance Contract (CureVac B.V.)
Hedging. The Borrower shall notNo Obligor shall, and each Obligor shall procure that no other Group Company shall, enter into any derivative transaction other than Permitted Hedging, where "Permitted Hedging" means:
(a) any derivative transaction by a Group Company to hedge actual or projected exposure arising in the ordinary course of trading and not for speculative purposes; and
(b) any derivative instrument of a Group Company which is accounted for on a hedge accounting basis but is not entered into for speculative purposes.
Appears in 1 contract
Sources: Finance Contract (Immunic, Inc.)
Hedging. The Borrower shall not, and shall procure that no other Group Company shall, enter into any derivative transaction other than Permitted Hedging, where "Permitted Hedging" means:
(a) any derivative transaction entered into by a Group Company with the prior written consent of the Bank;
(b) any derivative transaction by a Group Company to hedge actual or projected exposure arising in the ordinary course of trading and not for speculative purposes; and
(bc) any derivative instrument of a Group Company which is accounted for on a hedge accounting basis but is not entered into for speculative purposes.
Appears in 1 contract
Hedging. The Borrower Guarantor shall not, and shall procure that no other Group Company shall, enter into any derivative transaction other than Permitted Hedging, where "“Permitted Hedging" ” means:
(a) any derivative transaction by a Group Company to hedge actual or projected exposure arising in the ordinary course of trading and not for speculative purposes; and
(b) any derivative instrument of a Group Company which is accounted for on a hedge accounting basis but is not entered into for speculative purposes.
Appears in 1 contract