Common use of Hedge Transactions Clause in Contracts

Hedge Transactions. Borrower will not, nor will Borrower permit any of its Subsidiaries to, enter into Oil and Gas Hedge Transactions which would cause the volume of Hydrocarbons with respect to which a settlement payment is calculated under such Oil and Gas Hedge Transactions to exceed seventy-five percent (75%) of Borrower's anticipated production from Proved Producing Mineral Interests during the period from the immediately preceding settlement date (or the commencement of such Hedge Transaction if there is no prior settlement date) to such settlement date.

Hedge Transactions. Borrower will not, nor will Borrower permit any of its Subsidiaries other Credit Party to, enter into any Oil and Gas Hedge Transactions which would cause the volume of Hydrocarbons with respect to which a settlement payment is calculated under such Oil and Gas Hedge Transactions to exceed seventyeight-five percent (7585%) of Borrower's ’s and its Subsidiaries’ anticipated production from Proved Producing Mineral Interests during the period from the immediately preceding settlement date (or the commencement of such Hedge Transaction Transactions if there is no prior settlement date) to such settlement date.

Hedge Transactions. Borrower will not, nor will Borrower permit any of its Subsidiaries other Credit Party to, enter into any Oil and Gas Hedge Transactions which would (after netting all offsetting transactions) cause the volume of Hydrocarbons with respect to which a settlement payment is calculated under such Oil and Gas Hedge Transactions to exceed seventyeight-five percent (7585%) of Borrower's ’s and its Subsidiaries’ anticipated production from Proved Producing Mineral Interests during the period from the immediately preceding settlement date (or the commencement of such Hedge Transaction Transactions if there is no prior settlement date) to such settlement date.

Hedge Transactions. Unless otherwise expressly consented to in writing by Lender, Borrower and Guarantors will not, nor will Borrower permit any of its Subsidiaries to, enter into any Oil and Gas Hedge Transactions which would cause the volume of Hydrocarbons with respect to which a settlement payment is calculated under such Oil and Gas Hedge Transactions to exceed seventy-seventy five percent (75%) of Borrower's ’s or such Subsidiary’s anticipated production from Proved Producing Mineral Interests during the period from the immediately preceding settlement date (or the commencement of such Hedge Transaction if there is no prior settlement date) to such settlement date.

Hedge Transactions. Parent and Borrower will not, nor will Parent and/or Borrower permit any of its Subsidiaries other Credit Party to, enter into Oil and Gas Hedge Transactions which would cause the volume of Hydrocarbons with respect to which a settlement payment is calculated under such Oil and Gas Hedge Transactions to exceed seventy-five percent (75%) of Borrower's anticipated production from Proved Producing Mineral Interests during the period from the immediately preceding settlement date (or the commencement of such Hedge Transaction if there is no prior settlement date) to such settlement date.

Hedge Transactions. Parent and each Borrower will not, nor will Parent and/or any Borrower permit any of its Subsidiaries other Credit Party to, enter into any Oil and Gas Hedge Transactions which would cause the volume of Hydrocarbons with respect to which a settlement payment is calculated under such Oil and Gas Hedge Transactions to exceed seventy-five seventy percent (7570%) of Borrower's Borrowers' anticipated production from Proved Producing Mineral Interests during the period from the immediately preceding settlement date (or the commencement of such Hedge Transaction Transactions if there is no prior settlement date) to such settlement date.