Commodity Hedging Arrangements. Neither Borrower shall enter into any Commodity Hedging Arrangements that: (i) are not in accordance with the Commodity Risk Management Plan; or (ii) are for speculative purposes.
Appears in 2 contracts
Samples: Revolving Credit Agreement (Renewable Energy Group, Inc.), Revolving Credit Agreement (Renewable Energy Group, Inc.)
Commodity Hedging Arrangements. Neither The Borrower shall not enter into any Commodity Hedging Arrangements that:
(i) are not in accordance with the Commodity Risk Management PlanPlans; or
(ii) are for speculative purposes.
Appears in 2 contracts
Samples: Credit Agreement (Nova Biosource Fuels, Inc.), Loan Agreement (Advanced BioEnergy, LLC)
Commodity Hedging Arrangements. Neither 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.
Appears in 2 contracts
Samples: Senior Credit Agreement (Advanced BioEnergy, LLC), Senior Credit Agreement (First United Ethanol LLC)
Commodity Hedging Arrangements. Neither Borrower The Borrowers shall not enter into any Commodity Hedging Arrangements that:
(i) are not in accordance with the Commodity Risk Management PlanPlans; or
(ii) are for speculative purposes.
Appears in 2 contracts
Samples: Credit Agreement (Pacific Ethanol, Inc.), Credit Agreement (Pacific Ethanol, Inc.)
