Limitation on Interest Rate Swap Contracts. The Borrower shall not, and shall not permit any Material Subsidiary to, enter into any contract for a rate swap, rate cap, rate floor, rate collar, forward rate agreement, futures or other rate protection agreement or option with respect to any such transaction:
Appears in 3 contracts
Samples: Credit Agreement (Bellatrix Exploration Ltd.), Credit Agreement (Bellatrix Exploration Ltd.), Credit Agreement (Bellatrix Exploration Ltd.)
Limitation on Interest Rate Swap Contracts. The Borrower shall not, and shall will not permit any Material Subsidiary to, enter into any contract for a rate swap, rate cap, rate floor, rate collar, forward rate agreement, futures or other rate protection agreement or option with respect to any such transaction:, designed to hedge against fluctuations in interest rates (collectively, the “Interest Rate Swap Contracts”).
Appears in 2 contracts
Samples: Credit Agreement (Protective Products of America, Inc.), Credit Agreement (Protective Products of America, Inc.)
