Maximum Position Limits definition

Maximum Position Limits the Risk Limits set forth in the Trading Guidelines of the Risk Management Practices as in effect on the Amended and Restated Effective Date or as in effect on such other date if approved in accordance with Section 7.10.
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Maximum Position Limits means the limits set forth below as the ----------------------- maximum position (defined as the maximum quantities, in U.S. barrels, which, at a fixed price, Borrower either owns or has committed to own (a "long" position) or has sold or committed to sell (a "short" position)) which Borrower may hold at anytime:
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Maximum Position Limits in this Section 1.1, Eligible Commodities shall include any other commodities permitted under the Risk Management Policy.
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Examples of Maximum Position Limits in a sentence

  • Any change (whether material or immaterial) to the Risk Management Practices that relates to the Maximum Position Limits (unless corresponding to a decrease) must be approved in advance by the Administrative Agent and the Required Lenders.

  • The Maximum Position Limits and the Risk Management Practices have been duly adopted by the Borrower and are in full force and effect and the Borrower conducts its business in compliance with the Maximum Position Limits and the Risk Management Practices.

  • Comply with the Maximum Position Limits and the Risk Management Practices, in each case, as in effect on the Amended and Restated Effective Date.

  • Borrower shall conduct its business so as to -------------- comply, at all times, with the Maximum Position Limits.


More Definitions of Maximum Position Limits

Maximum Position Limits the limits set forth below opposite the then-current Maximum Sub-Limit as the maximum position (defined as the maximum quantities, in Barrels, which, at a fixed price, the Loan Parties hold either as a Net Long Position, Net Short Position or Net Basis Position, all such positions including, without limitation, options on a Delta Equivalent Basis), which the Loan Parties may hold at any time on an aggregate basis, irrespective of whether financed hereunder or otherwise: $ 150,000,000 350,000 25,000 4,000,000 zero zero zero $ 200,000,000 420,000 50,000 5,000,000 zero zero zero $ 250,000,000 500,000 75,000 6,000,000 zero zero zero
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Maximum Position Limits the limits set forth below opposite the then-current Maximum Sub-Limit as the maximum position (defined as the maximum quantities, in Barrels, which, at a fixed price, the Loan Parties hold either as a Net Long Position, Net Short Position or Net Basis Position, all such positions including, without limitation, options on a Delta Equivalent Basis), which the Loan Parties may hold at any time on an aggregate basis, irrespective of whether financed hereunder or otherwise: $150,000,000 350,000 25,000 4,000,000 > $150,000,000 and < $200,000,000 420,000 50,000 5,000,000 > $200,000,000 and < $250,000,000 500,000 75,000 6,000,000 > $250,000,000 and < $300,000,000 500,000 75,000 6,000,000 > $300,000,000 and < $350,000,000 500,000 75,000 6,000,000 > $350,000,000 and < $400,000,000 500,000 75,000 6,000,000 > $400,000,000 and < $450,000,000 500,000 75,000 6,000,000 > $450,000,000 and < $500,000,000 500,000 75,000 6,000,000
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