Commodity Hedging Obligations definition

Commodity Hedging Obligations means, with respect to any specified Person, the obligations of such Person under a Commodity Hedging Agreement.
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Commodity Hedging Obligations means, with respect to any Person, the net payment Obligations of such Person under Commodity Hedging Agreements.
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Commodity Hedging Obligations means, with respect to any Person, the obligations of such Person under commodity swaps, commodity futures contracts, options on commodity futures contracts, commodity options, and other agreements or arrangements designed to protect such Person against fluctuations in commodity values.
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Examples of Commodity Hedging Obligations in a sentence

  • Not, nor permit any of its Restricted Subsidiaries to, directly or indirectly, enter into or assume any Commodity Hedging Obligations except in the ordinary course of business and not for speculative purposes.

  • Giving effect to the Loans and ABL DIP Credit Loans to be made on the Closing Date and the use of the proceeds thereof, no Obligor has any Commodity Hedging Obligations.

  • Notwithstanding the foregoing, Commodity Hedging Obligations shall not in any event be Permitted Debt.

  • The Account Party will request the issuance of Letters of Credit solely for the working capital requirements and general corporate purposes of (i) the Limited Recourse Guarantor and/or (ii) any direct or indirect Subsidiary or Minority Investment of the Limited Recourse Guarantor (other than the Account Party, except in respect of any Additional L/C Facility Agreements), including to support Commodity Hedging Obligations (as defined under the Parent Credit Agreement).

  • Borrower has requested the LC Facility Issuing Bank to issue the LC Facility Letter of Credit, in an aggregate face amount equal to $15.0 million on the Closing Date, to provide credit support for certain Commodity Hedging Obligations.

  • The Borrower will request the issuance of Letters of Credit solely for the working capital requirements and general corporate purposes of (i) the Borrower and the Subsidiary Guarantors or (ii) any other Subsidiary, including to support Commodity Hedging Obligations; provided that the L/C Exposure pursuant to this Agreement with respect to such other Subsidiaries shall not exceed the L/C Exposure Cap.

  • The Borrower will request the issuance of Letters of Credit solely for the working capital requirements and general corporate purposes of (i) the Borrower and the Subsidiary Guarantors or (ii) any 91 other Subsidiary, including to support Commodity Hedging Obligations; provided that the L/C Exposure pursuant to this Agreement with respect to such other Subsidiaries shall not exceed the L/C Exposure Cap.

  • The Borrower will request the issuance of Letters of Credit solely for the working capital requirements and general corporate purposes of (i) the Borrower and the Subsidiary Guarantors or (ii) any other Subsidiary, including to support Commodity Hedging Obligations; provided that the L/C Exposure with respect to such other Subsidiaries shall not exceed the L/C Exposure Cap.

  • The Borrower will request the issuance of Letters of Credit solely for the working capital requirements and general corporate purposes of (i) the Borrower and the Subsidiary Guarantors or (ii) any other Subsidiary (other than the Funded L/C SPV), including to support Commodity Hedging Obligations.

  • Giving effect to the Term Loans and Revolving Credit Loans to be made on the Closing Date and the use of the proceeds thereof, no Obligor has any Commodity Hedging Obligations.


More Definitions of Commodity Hedging Obligations

Commodity Hedging Obligations means any and all obligations of the Group Members under (a) any and all agreements, devices or arrangements designed to protect any Group Member from the fluctuations of commodity prices, commodity price cap or collar protection agreements, and commodity forward and future contracts, swaps, options, puts and warrants, and (b) any and all cancellations, buy backs, reversals, terminations or assignments of any of the foregoing.
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Commodity Hedging Obligations means any and all obligations of the Borrowers and their Subsidiaries under (a) any and all agreements, devices or arrangements designed to protect any Borrowers or any of their Subsidiaries from the fluctuations of commodity prices, commodity price cap or collar protection agreements, and commodity forward and future contracts, swaps, options, puts and warrants, and (b) any and all cancellations, buy backs, reversals, terminations or assignments of any of the foregoing.
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Commodity Hedging Obligations means Hedging Obligations permitted hereunder in respect of commodity hedging agreements.
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Commodity Hedging Obligations means with respect to an Obligor, all present and future debts, liabilities and obligations of such Obligor to the Lenders under or in connection with any put, call, forward, future, swap, option, cap or collar or similar arrangement (or any combination of the foregoing, or any derivative thereof) relating to bullion, base metals or any other commodity executed by such Obligor.
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Commodity Hedging Obligations means, with respect to any Person, the net payment Obligations of such Person under agreements or arrangements designed to protect such Person against fluctuations in the price of (i) natural gas, heating fuels, electricity and other sources of energy or power used in the Company's sugar refining or processing operations or (ii) or refined or raw sugar, in either case in connection with the conduct of its business and not for speculative purposes and consistent with past practices.
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Related to Commodity Hedging Obligations

  • Commodity Hedging 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.

  • Hedging Obligations means, with respect to any specified Person, the obligations of such Person under:

  • Commodity contract means a commodity futures contract, an option on a commodity futures contract, a commodity option, or another contract if the contract or option is:

  • Hedge Agreement means any interest or foreign currency rate swap, cap, collar, option, hedge, forward rate or other similar agreement or arrangement designed to protect against fluctuations in interest rates or currency exchange rates.

  • Hedging Agreements means, collectively, interest rate protection agreements, equity index agreements, foreign currency exchange agreements, option agreements or other interest or exchange rate or commodity price hedging agreements (other than forward contracts for the delivery of power or gas written by the Borrower to its jurisdictional and wholesale customers in the ordinary course of business).

  • Commodity Agreement means any forward contract, commodity swap, commodity option or other financial agreement or arrangement relating to, or the value of which is dependent upon, fluctuations in commodity prices.

  • Hedging Agreement means any interest rate protection agreement, foreign currency exchange agreement, commodity price protection agreement or other interest or currency exchange rate or commodity price hedging arrangement.

  • Hedge Agreements means interest rate swap, cap or collar agreements, interest rate future or option contracts, currency swap agreements, currency future or option contracts and other similar agreements.