Speculative Trading definition

Speculative Trading means the holding by Company or any Subsidiary of a position in, or forward sale respecting, any derivative or commodity transaction, excluding any transaction respecting the physical sale, storage, transportation or marketing of oil, gas or other hydrocarbons produced from the Mineral Properties, the hedging of Company's position in oil, gas or other hydrocarbons produced from the Mineral Properties or any portion thereof pursuant to a Hedge Agreement, but only to the extent that such Hedge Agreement is permitted under Section 9.18 hereof, or any gas storage transaction entered into by any Gas Marketing Subsidiary in the ordinary course of its business. Speculative Trading shall also include any Interest Swap Agreement that is entered into for speculative purposes and not for the purpose of protecting against fluctuations in interest rates or the exchange of notional obligations, either generally or under specific circumstances.
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Speculative Trading means (i) any and all Trading, whether exchange based or over-the-counter, engaged in for the purpose of financial gain only or (ii) any and all Trading (a) not directly related to hedging, mitigating or locking in risks or (b) that creates a risk position with regard to market price or volume.
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Speculative Trading means (i) any and all Trading, whether exchange based or over-the-counter, engaged in for the purpose of financial gain only or (ii) any and all Trading (a) not directly related to hedging, mitigating or locking in risks or (b) that creates a risk position with regard to market price or volume. Notwithstanding the foregoing, Speculative Trading shall not include transactions by Client, whereby Client locks in a price spread between physical locations or points in time using its transportation or storage assets as the basis for such transaction with the intent of such transactions being the optimization its transportation or storage assets.
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Examples of Speculative Trading in a sentence

  • Company shall not, and will not permit any ------------------- Subsidiary to, enter into or become bound by any transaction respecting Speculative Trading or make any payment on account of any Speculative Trading.

  • Company shall not, and will not permit any Subsidiary to, enter into or become bound by any transaction respecting Speculative Trading or make any payment on account of any Speculative Trading.

  • Client shall not transact any Speculative Trading and any such transaction shall be an Event of Default.

  • Client shall not engage in any Speculative Trading and any such transaction shall be an Event of Default.

  • Speculative Trading..............................................

  • Speculative Trading.................................................................