Common use of Net Position Clause in Contracts

Net Position. At no time will the Borrower allow its Net Position to exceed 2,000,000 MMBTUS of natural gas. At no time will the Borrower allow the sum of the following: (a) 25% of the Borrower’s Net Position Value, plus (b) Borrower’s Storage and Unhedged Transportation Exposure, plus (c) Borrower’s Below Index Sales Exposure, to exceed 33% of Borrower’s Net Working Capital at such time, where:

Net Position. At no time will the Borrower allow its Net Position to exceed 2,000,000 5,000,000 MMBTUS of natural gas. At no time will the Borrower allow the sum of the following: (a) 25% of the Borrower’s 's Net Position Value, plus (b) Borrower’s 's Transportation and Storage and Unhedged Transportation Exposure, plus (c) Borrower’s 's Below Index Sales Exposure, to exceed 33% of Borrower’s 's Net Working Capital at such time, where:,

Net Position. At no time will the Borrower allow its Net Position to exceed 2,000,000 5,000,000 MMBTUS of natural gas. At no time will the Borrower allow the sum of the following: (a) 25% of the Borrower’s 's Net Position Value, plus (b) Borrower’s 's Transportation and Storage and Unhedged Transportation Exposure, plus (c) Borrower’s 's Below Index Sales Exposure, to exceed 33% of Borrower’s 's Net Working Capital at such time, where:,..........................................................................................

Net Position. At no time will the Borrower allow its Net Position to exceed 2,000,000 5,000,000 MMBTUS of natural gas. At no time will the Borrower allow the sum of the following: (a) 25% of the Borrower’s Net Position Value, plus (b) Borrower’s Transportation and Storage and Unhedged Transportation Exposure, plus (c) Borrower’s Below Index Sales Exposure, to exceed 33% of Borrower’s Net Working Capital at such time, where:,