Risk Management Policy Certification and Report Sample Clauses

Risk Management Policy Certification and Report. (i) Within seven Business Days after the fifteenth and last Business Day of each calendar month, a certificate in substantially the form of the attached Exhibit K from a Responsible Officer of a Borrower certifying that the Borrowers are in compliance with the Borrower’s Risk Management Policy; (ii) simultaneously with any modification of the Risk Management Policy, a written notice with a description of such modification, a copy of such modification, and, if the Majority Lenders have not consented to such modification, a certification that the modification does not materially change the Risk Management Policy; and (iii) within seven Business Days after the last Business Day of each calendar month, a monthly comprehensive risk management report in a format reasonably acceptable to the Administrative Agent, setting forth the Borrowers’ overall hedging positions, forward book, inventory positions, and transportation and storage capacities;

Risk Management Policy Certification and Report. (i) Within seven Business Days after the fifteenth and last Business Day of each calendar month, a certificate in substantially the form of the attached Exhibit K from a Responsible Officer of a Borrower certifying that the Borrowers are in compliance with the Borrower’s Risk Management Policy; and (ii) within seven Business Days after the last Business Day of each calendar month, a monthly comprehensive risk management report in a format reasonably acceptable to the Administrative Agent, setting forth the Borrowers’ overall hedging positions, forward book, inventory positions, and transportation and storage capacities;

Risk Management Policy Certification and Report. (i) Within seven (7) Business Days after the fifteenth (15th) and last Business Day of each calendar month, a certificate in form satisfactory to the Hedge Provider from a Financial Officer of the Counterparty certifying that the Counterparty is in compliance with the Risk Management Policy; and (ii) within seven (7) days after the last Business Day of each calendar month, a monthly comprehensive risk management report, in form and substance reasonably acceptable to the Hedge Provider, setting forth (A) a description of all of the Counterparty’s hedging positions, forward book, Inventory Positions, and transportation and storage capacities and (B) a separate description of each of the foregoing items with respect to the Properties acquired in the XXXXx Acquisition Transaction;