Examples of Commodity Hedge Agreements in a sentence
Enter into any Commodity Hedge Agreement, whether with an Approved Hedge Counterparty or another Person, other than the Minimum Required Commodity Hedge Agreements or liquidate or terminate any of Minimum Required Commodity Hedge Agreements.
Deliver to the Agent, no later than the 45th day following the end of each fiscal month, a report, in form reasonably satisfactory to the Agent, setting forth information as to quantities of production from the Mortgaged Properties, volumes of production sold, volumes of production committed to Commodity Hedge Agreements, pricing, purchasers of production, gross revenues, lease operating expenses and such other information as the Agent or any Lender may request with respect to the relevant monthly period.
The powers conferred on the Agent by this appointment are solely to protect the interests of the Agent and the Lenders under the Loan Documents and Commodity Hedge Agreements with respect to the assignment of production proceeds under certain of the Security Documents and shall not impose any duty upon the Agent to exercise any such powers.
Maintain in effect and comply, in all material respects, with the provisions of the Minimum Required Commodity Hedge Agreements from and after such date that is forty-five (45) days following the Effective Date.
At December 31, 2002, $62.3 million letters of credit were pledged as credit support for obligations of WCP under the Commodity Hedge Agreements.