Common use of Swap Contracts Clause in Contracts

Swap Contracts. Enter into any Swap Contract, other than Swap Contracts entered into in the ordinary course of business to hedge or mitigate risks to which the Loan Parties or any of their respective Subsidiaries are exposed in the conduct of their respective businesses or the management of their respective liabilities.

Appears in 3 contracts

Samples: Credit Agreement (Dennys Corp), Credit Agreement (Dennys Corp), Credit Agreement (Dennys Corp)

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Swap Contracts. Enter into any Swap Contract, Contract other than Swap Contracts entered into in the ordinary course of business business, and not for speculative purposes, to hedge protect against changes in interest rates or mitigate risks to which the Loan Parties or any of their respective Subsidiaries are exposed in the conduct of their respective businesses or the management of their respective liabilitiesforeign exchange rates.

Appears in 3 contracts

Samples: Credit Agreement (Parker Drilling Co /De/), Term Loan Agreement (Parker Drilling Co /De/), Credit Agreement (Parker Drilling Co /De/)

Swap Contracts. Enter into any Swap Contract, Contract other than Swap Contracts entered into in the ordinary course Ordinary Course of business Business, and not for speculative purposes, to hedge protect against changes in interest rates or mitigate risks to which the Loan Parties or any of their respective Subsidiaries are exposed in the conduct of their respective businesses or the management of their respective liabilitiesforeign exchange rates.

Appears in 3 contracts

Samples: Credit Agreement (Parker Drilling Co /De/), Credit Agreement (Parker Drilling Co /De/), Term Loan Credit Agreement (Parker Drilling Co /De/)

Swap Contracts. Enter into any Swap Contract, Contracts other than Swap Contracts entered into in the ordinary course of business for the purpose of protecting against fluctuations in interest rates or foreign exchange rates and not for purposes of speculation; provided that the Swap Contract shall not contain any provision exonerating the non-defaulting party from its obligation to hedge or mitigate risks make payments on outstanding transactions to which the Loan Parties or any of their respective Subsidiaries are exposed in the conduct of their respective businesses or the management of their respective liabilitiesdefaulting party.

Appears in 2 contracts

Samples: Credit Agreement (Allis Chalmers Energy Inc.), Credit Agreement (Allis Chalmers Energy Inc.)

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Swap Contracts. Enter into any Swap Contract, other than Swap Contracts entered into in the ordinary course of business to hedge or mitigate risks to and not for speculative purposes on terms which are consistent with the past practices of the Loan Parties or any of their respective Subsidiaries are exposed in the conduct of their respective businesses or the management of their respective liabilitiesParties.

Appears in 2 contracts

Samples: Credit Agreement (Heritage-Crystal Clean, Inc.), Credit Agreement (Heritage-Crystal Clean, Inc.)

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