Common use of No Speculative Transactions Clause in Contracts

No Speculative Transactions. The Borrower shall not, nor shall it permit any Subsidiary of the Borrower to, engage in any speculative transaction or in any transaction involving Hedging Contracts except as required by Section 7.15 (Interest Rate Contract) or for the sole purpose of hedging in the normal course of business and not for speculative purposes.

Appears in 4 contracts

Samples: Credit Agreement (Knology Inc), Credit Agreement (Knology Inc), Credit Agreement (Knology Inc)

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No Speculative Transactions. The Borrower shall not, nor shall it permit any Subsidiary of the Borrower to, engage in any speculative transaction or in any transaction involving Hedging Contracts except as required by Section 7.15 (Interest Rate Contract) or for the sole purpose of hedging in the normal course of business and not for speculative purposesconsistent with industry practices.

Appears in 3 contracts

Samples: Credit Agreement (Knology Inc), Credit Agreement (Knology Inc), Credit Agreement (Knology Inc)

No Speculative Transactions. The Borrower shall not, nor and shall it not permit any Subsidiary of the Borrower its Subsidiaries to, engage in any speculative transaction or in any transaction involving Hedging Contracts except as required by Section 7.15 7.14 (Interest Rate ContractContracts) or for the sole purpose of hedging in the normal course of business and not for speculative purposesconsistent with industry practices.

Appears in 2 contracts

Samples: Credit Agreement (Technical Olympic Usa Inc), Credit Agreement (Technical Olympic Usa Inc)

No Speculative Transactions. The Borrower shall not, nor and shall it not permit any Subsidiary of the Borrower its Subsidiaries to, engage in any speculative transaction or in any transaction involving Hedging Contracts except as required by Section 7.15 (Interest Rate Contract) or for the sole purpose of hedging interest rate risk in the normal course of business and not for speculative purposesbusiness.

Appears in 1 contract

Samples: Bridge Loan Agreement (Concentra Operating Corp)

No Speculative Transactions. The Borrower shall not, nor shall it permit any Subsidiary of the Borrower to, engage in any speculative transaction or in any transaction involving Hedging Contracts except as required by Section 7.15 (Interest Rate Contract) or for the sole purpose of hedging in the normal course of business and not for speculative purposesconsistent with industry practices. AMENDED AND RESTATED CREDIT AGREEMENT KNOLOGY, INC.

Appears in 1 contract

Samples: Credit Agreement (Knology Inc)

No Speculative Transactions. The Neither Holdings nor the Borrower shall, or shall not, nor shall it permit any Subsidiary of the Borrower their Subsidiaries to, engage in any speculative transaction or in any transaction involving Hedging Contracts except as required by Section 7.15 7.14 (Interest Rate ContractContracts) of the Existing Credit Agreement or for the sole purpose of hedging (a) in the normal course of business or (b) in connection with the Acquisition and not for speculative purposesin any event consistent with industry practices.

Appears in 1 contract

Samples: Credit Agreement (Johnsondiversey Holdings Inc)

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No Speculative Transactions. The Borrower shall not, nor and shall it not permit any Subsidiary of the Borrower to, engage in any speculative transaction or in any transaction involving Hedging Contracts except as required by Section 7.15 7.14 (Interest Rate ContractContracts) or for the sole purpose of hedging in the normal course of business and not for speculative purposesconsistent with the practices of companies similarly situated to the Borrower.

Appears in 1 contract

Samples: Credit Agreement (Alaris Medical Systems Inc)

No Speculative Transactions. The Borrower shall not, nor shall it permit any Subsidiary of the Borrower to, engage in any speculative transaction or in any transaction involving Hedging Contracts except as required by Section 7.15 (Interest Rate Contract) Agreements or Currency Agreements except for the sole purpose of hedging in the normal course of business and not for speculative purposesconsistent with industry practices.

Appears in 1 contract

Samples: Credit Agreement (Lehman Brothers Holdings Inc)

No Speculative Transactions. The Borrower shall not, nor shall it permit any Subsidiary of the Borrower its Subsidiaries to, engage in any speculative transaction or in any transaction involving Hedging Contracts except as required by Section 7.15 (Interest Rate Contract) or for the sole purpose of hedging in the normal course of business reasonably estimated interest rate, foreign currency or commodity exposure and not for speculative purposes.. Section 8.17

Appears in 1 contract

Samples: Credit Agreement (Datapath Inc)

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