Swaps. The Company will not, nor will it permit any Subsidiary to, enter into any Swap Contracts, except that the Company and its Project Finance Subsidiaries may enter into Swap Contracts solely to hedge interest rate risk and not for speculative purposes.
Appears in 5 contracts
Samples: Note Purchase Agreement (InfraREIT, Inc.), Lease Agreement (InfraREIT, Inc.), Note Purchase Agreement (InfraREIT, Inc.)
Swaps. The Company Borrower will not, nor will it permit any Subsidiary (other than Project Finance Subsidiaries of the Borrower) to, enter into any Swap Contracts, except that the Company and its Project Finance Subsidiaries Borrower may enter into Swap Contracts solely to hedge interest rate risk and not for speculative purposes.
Appears in 5 contracts
Samples: Credit Agreement, Direction and Waiver (InfraREIT, Inc.), Collateral Agency Agreement (InfraREIT, Inc.), Term Loan Credit Agreement (InfraREIT, Inc.)
Swaps. The Company Borrower will not, nor will it permit any Subsidiary to, enter into any Swap Contracts, except that the Company Borrower and its Project Finance Subsidiaries may enter into Swap Contracts solely to hedge interest rate risk and not for speculative purposes.
Appears in 2 contracts
Samples: Credit Agreement (InfraREIT, Inc.), Credit Agreement (InfraREIT, Inc.)
Swaps. The Company Borrower will not, nor will it permit any Subsidiary (other than Project Finance Subsidiaries of a TDC Subsidiary) to, enter into any Swap Contracts, except that the Company Borrower and its Project Finance Subsidiaries may enter into Swap Contracts solely to hedge interest rate risk and not for speculative purposes.
Appears in 1 contract
Samples: Credit Agreement (InfraREIT, Inc.)
