Common use of Unhedged Transportation Exposure Clause in Contracts

Unhedged Transportation Exposure. At no time will the Borrower allow its Unhedged Transportation Exposure for the next succeeding two-year period to exceed the amounts specified below, provided, however, that Borrower’s Unhedged Transportation Exposure may exceed such amounts by one-third (1/3) of the amount by which its Net Working Capital and Tangible Net Worth exceeds the minimum amount required under Section 7.15. Borrowing Base Sub-Cap in Effect Unhedged Transportation Exposure May Not Exceed $ 100,000,000.00 $ 3,000,000.00 $ 150,000,000.00 $ 3,000,000.00 $ 175,000,000.00 $ 4,000,000.00 $ 200,000,000.00 $ 4,000,000.00 $ 250,000,000.00 $ 5,500,000.00 $300,000,000.00 or more $ 6,500,000.00

Unhedged Transportation Exposure. At no time will the Borrower allow its Unhedged Transportation Exposure for the next succeeding two-year period to exceed the amounts specified below, provided, however, that Borrower’s Unhedged Transportation Exposure may exceed such amounts by one-third (1/3) of the amount by which its Net Working Capital and Tangible Net Worth exceeds the minimum amount required under Section 7.15. Borrowing Base Sub-Cap in Effect Unhedged Transportation Exposure May Not Exceed $ $100,000,000.00 $ $3,000,000.00 $ $150,000,000.00 $ $3,000,000.00 $ $175,000,000.00 $ $4,000,000.00 $ $200,000,000.00 $ $4,000,000.00 $ $250,000,000.00 $ $5,500,000.00 $300,000,000.00 or more $ $6,500,000.00

Unhedged Transportation Exposure. At no time will the Borrower allow its Unhedged Transportation Exposure for the next succeeding two-year period to exceed the amounts specified below, provided, however, that Borrower’s Unhedged Transportation Exposure may exceed such amounts by one-third (1/3) of the amount by which its Net Working Capital and Tangible Net Worth exceeds the minimum amount required under Section 7.15. Borrowing Base Sub-Cap in Effect Unhedged Transportation Exposure May Not Exceed $ 100,000,000.00 $ 3,000,000.00 $ 150,000,000.00 $ 3,000,000.00 $ 175,000,000.00 $ 4,000,000.00 $ 200,000,000.00 $ 4,000,000.00 $ 250,000,000.00 $ 5,500,000.00 $300,000,000.00 or more $ 6,500,000.00100,000,000 $3,000,000 $150,000,000 $3,000,000 $175,000,000 $3,500,000 $200,000,000 $3,500,000 $250,000,000 $4,250,000 $260,000,000 $4,250,000