SPECULATIVE TRANSACTIONS definition

SPECULATIVE TRANSACTIONS engage in or enter into any Derivative Transaction or any similar transaction, including in respect of energy trading, other than under the Hedge Agreements or an interest rate swap agreement relating to Permitted Indebtedness incurred by the Core Borrowers, Holdco or TUA, unless that transaction would be a transaction which would ordinarily be carried out by a prudent, responsible company carrying on a major utilities business and be in accordance with Good Gas Industry Practice; and
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SPECULATIVE TRANSACTIONS engage in or enter into any Derivative Transaction or any similar transaction, including in respect of energy trading, other than under Hedge Agreements, unless that transaction would be a transaction which would ordinarily be carried out by a prudent, responsible company carrying on a major utilities business and be in accordance with Good Operating Practice; and
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Examples of SPECULATIVE TRANSACTIONS in a sentence

  • LIMITATIONS ON SPECULATIVE TRANSACTIONS....................................

Related to SPECULATIVE TRANSACTIONS

  • Derivative Transactions means any swap transaction, option, warrant, forward purchase or sale transaction, futures transaction, cap transaction, floor transaction or collar transaction relating to one or more currencies, commodities, bonds, equity securities, loans, interest rates, prices, values, or other financial or nonfinancial assets, credit-related events or conditions or any indexes, or any other similar transaction or combination of any of these transactions, including collateralized mortgage obligations or other similar instruments or any debt or equity instruments evidencing or embedding any such types of transactions, and any related credit support, collateral or other similar arrangements related to such transactions.

  • Derivative Transaction means any agreement, arrangement, interest or understanding entered into by, or on behalf or for the benefit of, any Proposing Shareholder or any of its affiliates or associates, whether of record or beneficial: (1) the value of which is derived in whole or in part from the value of any class or series of shares or other securities of the Company, (2) which otherwise provides any direct or indirect opportunity to gain or share in any gain derived from a change in the value of securities of the Company, (3) the effect or intent of which is to mitigate loss, manage risk or benefit of security value or price changes, or (4) which provides the right to vote or increase or decrease the voting power of, such Proposing Shareholder, or any of its affiliates or associates, with respect to any shares or other securities of the Company, which agreement, arrangement, interest or understanding may include, without limitation, any option, warrant, debt position, note, bond, convertible security, swap, stock appreciation right, short position, profit interest, hedge, right to dividends, voting agreement, performance-related fee or arrangement to borrow or lend shares (whether or not subject to payment, settlement, exercise or conversion in any such class or series), and any proportionate interest of such Proposing Shareholder in the securities of the Company held by any general or limited partnership, or any limited liability company, of which such Proposing Shareholder is, directly or indirectly, a general partner or managing member.

  • Pawn transaction means the same as that term is defined in Section 13-32a-102.

  • Acquisition Transactions means the transactions contemplated by the Acquisition Agreement.

  • Alternative Transaction means the sale, transfer, lease or other disposition, directly or indirectly, including through an asset sale, stock sale, merger or other similar transaction, of all or substantially all of the Purchased Assets in a transaction or a series of transactions with one or more Persons other than Purchaser (or its Affiliates).