Common use of Limitation on Derivatives Clause in Contracts

Limitation on Derivatives. Enter into or assume any obligations with respect to any Derivatives except for Derivatives used by Holdings or any of its Subsidiaries in reducing the interest rate risk exposure or foreign currency risk exposure of Holdings and its Subsidiaries which have been provided by a lender under the Corporate Credit Agreement or the Equipment Lease Transactions; provided, that the aggregate notional amounts of such Derivatives shall not exceed the aggregate amount of loans outstanding under the Corporate Credit Agreement and the Equipment Lease Transactions.

Appears in 2 contracts

Samples: Hanover Compression Inc, Hanover Compressor Co /

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Limitation on Derivatives. Enter into or assume any ------------------------- obligations with respect to any Derivatives except for Derivatives used by Holdings or any of its Subsidiaries in reducing the interest rate risk exposure or foreign currency risk exposure of Holdings and its Subsidiaries which have been provided by a lender under the Corporate Credit this Agreement or the Equipment Lease Transactions; provided, that the aggregate notional amounts of such Derivatives -------- shall not exceed the aggregate amount of loans outstanding under the Corporate Credit this Agreement and the Equipment Lease Transactions.

Appears in 1 contract

Samples: Credit Agreement (Hanover Compressor Co /)

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Limitation on Derivatives. Enter into or assume any obligations -------------------------------- with respect to any Derivatives except for Derivatives used by Holdings or any of its Subsidiaries in reducing the interest rate risk exposure or foreign currency risk exposure of Holdings and its Subsidiaries which have been provided by a lender under the Corporate Credit Agreement or the Equipment Lease Transactions; provided, that the aggregate notional amounts of such Derivatives -------- shall not exceed the aggregate amount of loans outstanding under the Corporate Credit Agreement and the Equipment Lease Transactions.

Appears in 1 contract

Samples: Participation Agreement (Hanover Compressor Co /)

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