Common use of Speculative Purposes Clause in Contracts

Speculative Purposes. The Borrower shall not, nor shall it permit any of its Restricted Subsidiaries to purchase, assume, or hold a speculative position in any commodities market or futures market or enter into any Hedge Contract for speculative purposes.

Appears in 6 contracts

Samples: Credit Agreement (Silver Run Acquisition Corp II), Credit Agreement (Alta Mesa Holdings, LP), Credit Agreement (Alta Mesa Energy LLC)

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Speculative Purposes. The Borrower shall not, nor shall it permit any of its Restricted Subsidiaries to purchase, assume, or hold a speculative position in any commodities market or futures market or enter into any Hedge Contract for speculative purposes.. (b)

Appears in 1 contract

Samples: Credit Agreement (ReoStar Energy CORP)

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Speculative Purposes. The Borrower shall not, nor shall it permit any of its Restricted Subsidiaries to purchase, assume, or hold a speculative position in any commodities market or futures market or enter into any Hedge Contract for speculative purposes.

Appears in 1 contract

Samples: Credit Agreement (Three Forks, Inc.)

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