Minimum Hedging. The Borrower shall enter into Hedge Transactions in amounts and at rates and prices at least sufficient to ensure that, as determined by the Technical Bank (acting reasonably in consultation with the Borrower) on a projected basis by reference to the then current Financial Model, the Borrower will not breach the provisions of Clause 21 (Financial Covenants) at any time on or before the Scheduled Maturity Date.
Appears in 2 contracts
Sources: Borrowing Base Facility Agreement (MIE Holdings Corp), Shares Purchase Agreement (MIE Holdings Corp)