Hedging Activities. Any xxxxxx, swaps, options, positions or any other instruments or strategies executed by either Party related in any way to the Products, shall be for the relevant Party’s own account (including with regard to the Xxxx Xxxxxx, which shall be for Aron’s own account), and any Taxes and/or Liabilities incurred, directly or indirectly resulting from such activities, shall be borne exclusively by such relevant Party (provided that the foregoing shall not affect the treatment of Specified Unwind Costs pursuant to the express terms and conditions of Section 3.8 or 18).
Hedging Activities. If a Sub-Fund makes investments that are denominated in a currency different from its base currency (as set out in Annex A), the Management Company may enter into currency hedging transactions to hedge against exchange rate fluctuations between such investments and the Sub-Fund. These hedging activities may cause both profit and loss, as the case may be. There can be no assurance that the currency hedging program will be entirely successful. The Management Company is not required to enter into hedging transactions and may terminate any existing arrangements. The profits and losses of such currency hedging will be allocated to the Sub-Fund. If a Class is issued in a currency different from the base currency of that Sub-Fund (as set out in Annex A), the Management Company may enter into currency hedging transactions to hedge against exchange rate fluctuations between such Class and the Sub-Fund. These hedging activities may cause both profit and loss, as the case may be. There can be no assurance that the currency hedging program will be entirely successful. The Management Company may terminate the currency hedging program. The profits and losses of such currency hedging will be allocated to the relevant Class.
Hedging Activities. The Borrower will not, and will not permit any Subsidiary to, buy, sell, trade or otherwise deal in futures contracts or options thereon or other derivatives thereof except pursuant to transactions that represent substitutes for transactions to be made by the Borrower or such Subsidiary at a later time in the physical pork or pork products market and the purpose of which is solely to reduce the risk to the Borrower or such Subsidiary of future fluctuations in the market prices of pork or pork products.
Hedging Activities. Except as set forth in the Disclosure Schedule-Frontier, Frontier does not participate in any hedging activities.
Hedging Activities. Except as set forth in the Disclosure Schedule-Esenjay, Esenjay does not participate in any hedging activities.
Hedging Activities. With respect to each Advance, the Agent shall be satisfied that Borrower is in compliance with Borrower’s covenants and agreements contained in Section 5.15 in all material respects.
Hedging Activities. (a) The Company has established risk parameters, limits and guidelines in compliance with the risk management policy approved by the Company Board of Directors (or committee thereof) (the "Company Hedging Guidelines") to (i) restrict the level of risk that the Company and its Subsidiaries are authorized to take with respect to, among other things, the net position resulting from all physical and financial electricity contacts, natural gas hedge contracts, gas adjustment clauses, exchange-traded futures and options transactions, over-the-counter transactions and derivatives thereof, interest rate swap agreements, and similar transactions (the "Company Net Position") and (ii) monitor compliance with the Company Hedging Guidelines by the Company and its Subsidiaries with such risk parameters. The Company has provided the Company Hedging Guidelines to the Parent prior to the date hereof.
(i) The Company Net Position is within the risk parameters that are set forth in the Company Hedging Guidelines and (ii) the exposure of the Company and its Subsidiaries with respect to the Company Net Position resulting from all transactions described in Section 4.20(a) would not reasonably be expected to result in a material loss to the Company and its Subsidiaries, taken as a whole, based on market prices in existence as of the date hereof. Since December 31, 2006, neither the Company nor any of its Subsidiaries has, in accordance with its xxxx-to-market accounting policies, experienced an aggregate net loss in its hedging and related operations that would be material to the Company and its Subsidiaries taken as a whole taking into account the recognition of any underlying commodity sales and the regulatory treatment and allowances for hedge transactions.
Hedging Activities. The Investor shall not engage in any hedging transactions (including short sales, put and call options, cashless collar transactions or other forms of derivative security transactions) with respect to the Common Stock that may have an impact on the market price of the Common Stock.
Hedging Activities. If the Return Entities engage in any commodity futures trading, option trading, metals trading, gold loans, metals streaming, metals offtake, forward sales or any other hedging transactions or any combination thereof (collectively “Hedging Activities”), then all profits and losses resulting from such Hedging Activities are specifically excluded from calculations of the Return payments pursuant to this Agreement. All Hedging Activities entered into by the Return Entities and all profits or losses associated therewith, if any, shall be solely for the account of the Return Entities.
Hedging Activities. The Company shall not, nor shall it permit any of its Subsidiaries to, enter into (i) any Derivative Transaction or (ii) any fixed price commodity sales agreement with a term of more than 60 days.
