Commodity Agreements definition

Commodity Agreements means, in respect of any Person, any forward contract, commodity swap agreement, commodity option agreement or other similar agreement or arrangement in respect of Hydrocarbons used, produced, processed or sold by such Person that are customary in the Oil and Gas Business and designed to protect such Person against fluctuation in Hydrocarbon prices.

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Commodity Agreements means, in respect of any Person, any forward contract, commodity swap agreement, commodity option agreement or other similar agreement or arrangement in respect of Hydrocarbons used, produced, processed or sold by such Person that is customary in the Oil and Gas Business and designed to protect such Person against fluctuation in Hydrocarbon prices.

Commodity Agreements means, in respect of a Person, any commodity purchase contract, commodity futures or forward contract, commodities option contract or other similar contract (including commodities derivative agreements or arrangements), to which such Person is a party or a beneficiary.

Examples of Commodity Agreements in a sentence

• ENA is permitted to administer, utilize and economically profit from the Transportation Contracts in any lawful manner it determines, and for its own benefit and account, all without interference from or liability or duties owed to Customer and its successors and assigns; provided that the foregoing shall not limit ENA's obligations to Customer under any Commodity Agreement and shall not entitle ENA to fail to perform any obligation relating to the Commodity Agreements.

• No Obligor Party shall enter into or become a party to any Hedge Agreement without the written consent of the Administrative Agent except, in the case of any Loan Party, (a) Interest Rate Hedge Agreements not for speculative purposes, (b) Commodity Hedge and Power Sales Agreements that constitute Permitted Commodity Agreements, and (c) Permitted Energy Management Agreements.

• In addition, for the purposes hereof: (i) the Loan Documents shall be deemed to include any Hedging Agreements and Commodity Agreements which create any Secured Swap Obligations; and (ii) the Lenders shall be deemed to include the Swap Lenders.

• The powers conferred on the Agent by this appointment are solely to protect the interests of the Agent and the Lenders under the Loan Documents and Commodity Agreements with respect to the assignment of production proceeds under certain of the Security Documents and shall not impose any duty upon the Agent to exercise any such powers.

• No Loan Party shall enter into or become a party to any Hedge Agreement without the written consent of the Administrative Agent except: (a) Interest Rate Hedge Agreements not for speculative purposes, (b) Commodity Hedge and Power Sales Agreements that constitute Permitted Commodity Agreements, and (c) Permitted Energy Management Agreements.

More Definitions of Commodity Agreements

Commodity Agreements means any commodity futures contract, commodity option or other similar agreement or arrangement entered into by the Company or any of its Restricted Subsidiaries designed to protect the Company or any of its Restricted Subsidiaries against fluctuations in the price of commodities actually at that time used in the ordinary course of business of the Company or its Restricted Subsidiaries.

Commodity Agreements means commodity agreements, hedging agreements and other similar agreements or arrangements designed to protect against price fluctuations of commodities (e.g., fuel) used in the business of the U.S. Borrower and its Subsidiaries.

Commodity Agreements means, in respect of any Person, any forward contract, commodity swap agreement, commodity option agreement or other similar agreement or arrangement and designed to protect such Person against fluctuation in commodity prices.

Commodity Agreements means, in respect of any Person, any futures contract, forward contract, commodity swap agreement, commodity option agreement or other similar agreement or arrangement in respect of Hydrocarbons purchased, used, produced, processed or sold by such Person and designed to protect such Person against fluctuations in Hydrocarbon prices.

Commodity Agreements means, in respect of a Person, any futures or forward contract, commodity swap agreement, commodity option agreement or other similar agreement or arrangement designed to protect such Person against fluctuations in commodity prices.

Commodity Agreements means any commodity price/index swap, futures or option contract or similar agreement or arrangement designed to protect or manage fluctuations in commodity prices.

Commodity Agreements means without limitation any commodity futures contract, commodity option agreement, or other similar agreement or arrangement entered into by the Company designed to protect the Company against fluctuations in the prices commodities used in the ordinary course of business and not entered into for any other purpose.