Hedge Contracts. Schedule 4.20 sets forth, as of the date hereof, a true and complete list of all Interest Hedge Agreements, Hydrocarbon Hedge Agreements, and any other Hedge Contract of each Obligor, the material terms thereof (including the type, term, effective date, termination date and notional amounts or volumes) on an aggregate basis, the net mxxx to market value thereof on an aggregate basis as of December 31, 2005, all credit support agreements relating thereto (including any margin required or supplied), and the counterparty to each such agreement.
Hedge Contracts. Enter into any Hedge Contracts of a speculative nature or outside the scope of the Borrowers’ business or Hedge Contracts with a Lender or any other Person, other than (a) the Credit Facilities Hedge (which may be entered into by the Lenders and the Borrowers in their sole discretion), and (b) other non-speculative Hedge Contracts entered into with a Lender for the purpose of mitigating the risk to the Borrowers from interest rate and US Dollar exchange rate fluctuations. (17) Transactions with Affiliates. Enter into any transactions with any Affiliate or other Person with whom the Obligor does not deal with at “arm’s length” for the purposes of the ITA, except (a) transactions on commercially reasonable terms that are no less favourable to the Obligors than would be obtained in a comparable arm’s length transaction with unrelated third parties, and (b) transactions between or among the Obligors not involving any other Affiliate. (18)
Hedge Contracts. The Borrower shall not, an shall not permit any Restricted Subsidiary to, enter into any Commodity Hedge Agreement other than a Permitted Commodity Hedge Agreement or enter into any Interest Rate Hedge Agreement other than a Permitted Interest Rate Hedge Agreement.
Hedge Contracts. As of the Signing Date, no Borrower is party to any Hedge Contract, except a Permitted Hedge Contract.
Hedge Contracts. As of the last day of each fiscal quarter (each such date, a “Specified Swap Test Date”), the Borrower and the Guarantors shall determine whether there are Hedge Contracts with an Approved Counterparty covering at least the Minimum Required Hedge Volume of the reasonably anticipated projected production from Proved Developed Producing Reserves of the Borrower and the applicable Subsidiaries based on the most recently delivered Reserve Report (the “Ongoing Minimum Hedge Requirement”). If the Borrower determines that the Ongoing Minimum Hedge Requirement has not been satisfied as of such Specified Swap Test Date, then the Borrower, the Guarantors shall within five (5) Business Days of the end of such fiscal quarter enter into Hedge Contracts with an Approved Counterparty such that the Ongoing Minimum Hedge Requirement shall be satisfied. The Borrower shall not unwind, terminate or enter into any off-setting positions to the xxxxxx required under this Section 5.15 except (i) to the extent necessary to comply with Section 6.14, (ii) in connection with a transaction permitted by Section 6.04(b) or (iii) at the time of such unwinding, termination or off-setting trade, it was not required to comply with this Section 5.15.
Hedge Contracts. On the Closing Date, no Borrower is party to any Hedge Contract, except a Permitted Hedge Contract.
Hedge Contracts. 29 5.24. REAL PROPERTY.................................................. 29 5.25.
Hedge Contracts. As soon as available and in any event within 45 days after the end of each calendar quarter, a report, in form and substance satisfactory to the Administrative Agent, setting forth as of the last Business Day of such calendar quarter a true and complete list of all Hedge Contracts (including commodity price swap agreements, forward agreements with terms in excess of thirty days or contracts of sale which provide for prepayment for deferred shipment or delivery of oil, gas or other commodities) of the Borrower and its Subsidiaries, the material terms thereof (including the type, term, effective date, termination date and notional amounts or volumes), the net xxxx to market value therefor, any new credit support agreements relating thereto not listed on Schedule 4.20, any margin required or supplied under any credit support document, and the counter party to each such agreement; and
Hedge Contracts. All of Sellers’ Liabilities under the Assumed Hedge Contracts, arising after the Effective Time;
