Permitted Risk Management Agreement means (a) an Existing Risk Management Agreement or (b) a Risk Management Agreement entered into by an Obligor with any Person that has not been entered into for speculative purposes nor on a margined basis and would not result, at the time of the transaction effected pursuant thereto, to more than 65% of the consolidated projected future gold, silver or copper production of the Borrower for any Fiscal Year being hedged (such 65% excluding, however, the hedging of quotational period pricing choices by customers of the Companies).

Permitted Risk Management Agreement means (a) a Secured Risk Management Agreement or (b) an unsecured Risk Management Agreement entered into by an Obligor with any Person, in each case (i) that has not been entered into for speculative purposes nor on a margined basis, (ii) that would not result, at the time of the transaction effected pursuant thereto, in more than 50% of the most recent Mine Plan’s consolidated projected gold production being hedged during the term of the relevant Risk Management Agreement (such 50% excluding, however, the hedging of quotational period pricing choices by customers of the Obligors), (iii) which does not constitute a Restricted Forward Sale Transaction and (iv) which requires settlement at the original maturity date thereof.

Permitted Risk Management Agreement means (a) a Secured Risk Management Agreement or (b) an unsecured Risk Management Agreement entered into by an Obligor with any Person, in each case (i) that has not been entered into for speculative purposes nor on a cash margined basis, (ii) that would not result, at the time of the transaction effected pursuant thereto, in more than 70% of the most recent Mine Plan’s consolidated projected gold production being hedged during any future twelve-month period and (iii) which does not constitute a Restricted Forward Sale Transaction.

Examples of Permitted Risk Management Agreement in a sentence

The Borrower shall not, and shall not suffer or permit any other Obligor or Specified Entity to, enter into any Risk Management Agreement other than a Permitted Risk Management Agreement.
The Borrowers shall not, and shall not suffer or permit any other Obligor to, enter into any Risk Management Agreement other than a Permitted Risk Management Agreement.
The Borrower shall not, and shall not suffer or permit any other Obligor to, enter into any Risk Management Agreement other than a Permitted Risk Management Agreement.
We invite the EAP Task Force to lead efforts to facilitate and support, in cooperation with other relevant international bodies and RECs, the achievement of the objectives of the Environmental Partnerships Strategy by East European, Caucasian and Central Asian countries.
The Borrower shall not, and shall not suffer or permit any other Company to create, incur, assume or suffer to exist or otherwise become or be liable in respect of any Risk Management Obligations other than pursuant to any Permitted Risk Management Agreement.

More Definitions of Permitted Risk Management Agreement

Permitted Risk Management Agreement means (a) an Existing Risk Management Agreement or (b) a Risk Management Agreement entered into by a Yamana Group Company with a Finance Party, Standard Bank PLC, Mitsui & Co. Precious Metals Inc. or a Person other than a Finance Party which is rated BBB- or better by S&P (or the equivalent or better rating by Xxxxx’x or other comparable rating agency) and that is, in the case of each of clauses (a) and (b) (x) in compliance with the Approved Hedging Policy and (y), in the case of Risk Management Agreements entered into by the Obligors, the Risk Management Agreement does not contemplate the delivery of margin, security or collateral at any time by any Obligor to a counterparty and does not contain any provision giving such a counterparty the right to convert, or require the conversion of, any Risk Management Agreement into a Risk Management Agreement which contemplates the delivery of margin payments.

Permitted Risk Management Agreement means, as to any person, any present or future swap, hedging, foreign exchange or other derivative transaction entered into by such person which constitutes any silver, gold or other commodity hedging transaction, spot or forward foreign exchange transaction, interest rate swap transaction, currency swap transaction, forward rate transaction, rate cap transaction, rate floor transaction, rate collar transaction, and any other exchange or rate protection transaction, any combination of such transactions or any option with respect to any such transaction entered into by such person, in each case that has not been entered into for speculative purposes nor on a margined basis.

Permitted Risk Management Agreement means (a) a Risk Management Agreement entered into by a Company that is (x) in compliance with the hedging policy most recently approved by the board of directors of the Borrower, and (y) has not been entered into for speculative purposes or (b) a Permitted Pre-Existing Acquisition Risk Management Agreement.

Permitted Risk Management Agreement means (a) a Secured Risk Management Agreement or (b) an unsecured Risk Management Agreement entered into by an Obligor with any Person, in each case (i) that has not been entered into for speculative purposes nor on a cash margined basis, (ii) that would not result, at the time of the transaction effected pursuant thereto, in more than 70% of the most recent Mine Plan's consolidated projected gold and silver production being hedged during any future twelve-month period and (iii) which does not constitute a Restricted Forward Sale Transaction.

Permitted Risk Management Agreement means (a) an Existing Risk Management Agreement or (b) a Risk Management Agreement entered into by a Company with a Finance Party, Mitsui & Co. Precious Metals Inc. or a Person other than a Finance Party who (or whose credit support provider) is rated BBB- or better by S&P (or the equivalent or better rating by Xxxxx’x or other comparable rating agency) and that is, in the case of each of clauses (a) and (b) (x) in compliance with the Approved Hedging Policy, has not been entered into for speculative purposes and would not result, at the time of the transaction effected pursuant thereto, to more than 75% of the consolidated projected future copper production of the Borrower for any Fiscal Year being hedged and (y), in the case of Risk Management Agreements entered into by the Obligors, the Risk Management Agreement does not contemplate the delivery of margin, security or collateral at any time by any Obligor to a counterparty and does not contain any provision giving such a counterparty the right to convert, or require the conversion of, any Risk Management Agreement into a Risk Management Agreement which contemplates the delivery of margin payments.

Permitted Risk Management Agreement means (a) a Secured Risk Management Agreement or (b) a Risk Management Agreement entered into by an Obligor with any Person, in each case (i) that has not been entered into for speculative purposes nor on a margined basis, (ii) which does not constitute a Restricted Forward Sale Transaction, (iii) which requires settlement or delivery at the original maturity date thereof and (iv) which would not result, at the time of the transaction effected pursuant thereto, in more than 80% of the forecast production of the Borrower for a particular metal on a consolidated basis being hedged in any Fiscal Year.