Common use of Hedging Activities Clause in Contracts

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).

Appears in 8 contracts

Samples: Inventory Intermediation Agreement (PBF Energy Co LLC), Inventory Intermediation Agreement (PBF Energy Co LLC), Inventory Intermediation Agreement (PBF Finance Corp)

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Hedging Activities. Any xxxxxx, swaps, options, positions or any other instruments or strategies executed by either any 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 Xxxx’x 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 Sections 3.8 or 18).

Appears in 1 contract

Samples: Inventory Intermediation Agreement and Step Out Agreement (PBF Holding Co LLC)

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Hedging Activities. Any xxxxxx, swaps, options, positions or any other instruments or strategies executed by either any 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 Sections 3.8 or 18).

Appears in 1 contract

Samples: Inventory Intermediation Agreement (PBF Holding Co LLC)

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