Commodity Hedging Arrangements Sample Clauses
A Commodity Hedging Arrangements clause defines the terms under which a party may enter into financial contracts to manage the risk of price fluctuations in commodities relevant to the agreement. Typically, this clause outlines the types of hedging instruments permitted, such as futures, options, or swaps, and may specify reporting requirements or limitations on the volume of commodities hedged. Its core function is to provide a structured approach for mitigating exposure to volatile commodity prices, thereby offering financial stability and predictability for the parties involved.
Commodity Hedging Arrangements. The Borrower shall not enter into any Commodity Hedging Arrangements that:
(i) are not in accordance with the Commodity Risk Management Plan; or
(ii) are for speculative purposes.
Commodity Hedging Arrangements. The Borrowers shall not enter into any Commodity Hedging Arrangements (other than any Permitted Commodity Hedge) without the prior written consent of the Required Lenders of the Revolving Loan Class and the Required Lenders of the Tranche A-1 Term Loan Class.
Commodity Hedging Arrangements. The Borrowers shall not enter into any Commodity Hedging Arrangements.
Commodity Hedging Arrangements. Within fifteen (15) Business Days after the end of each calendar month, (i) a position report describing all of the Commodity Hedging Arrangements in effect as of the date of such report and (ii) a duly authorized certificate of an Authorized Officer of the Borrower stating that the Commodity Hedging Arrangements set forth in the report delivered pursuant to clause (i) have been entered into in accordance with the Commodity Risk Management Plan.
Commodity Hedging Arrangements. Lessee shall not enter into any Commodity Hedging Arrangements that:
(a) are not in accordance with the Commodity Risk Management Plan; or
(b) are for speculative purposes.
Commodity Hedging Arrangements. (i) The Borrowers shall not enter into any Commodity Hedging Arrangements that:
(A) are not in accordance with the Commodity Risk Management Plans;
(B) are for speculative purposes; or
(C) would reasonably (when taken together with all Permitted Commodity Hedging Arrangements then outstanding, and all other Commodity Hedging Arrangements proposed to be entered into on the same date) be expected to result in a Swap Termination Value as of such date in excess of the amount equal to eighty percent (80%) of the Net Cargill Receivables as of such date.
Commodity Hedging Arrangements. Until the Discharge Date (as defined in the Senior Credit Agreement) the Company shall not, and shall cause the Loan Parties to not, enter into any Commodity Hedging Arrangements, except in accordance with the Senior Credit Agreement.
Commodity Hedging Arrangements. The Loan Parties shall not enter into any Commodity Hedging Arrangements.
Commodity Hedging Arrangements. Within ten (10) Business Days after the end of each calendar month, Lessee shall deliver to Landlord (i) a position report describing all of the Commodity Hedging Arrangements in effect as of the date of such report and (ii) a duly authorized certificate of an Authorized Officer of Lessee stating that the Commodity Hedging Arrangements set forth in the report delivered pursuant to clause (i) have been entered into in accordance with the Commodity Risk Management Plan.