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 HCC or any of its Subsidiaries in reducing the interest rate risk exposure of HCC and its Subsidiaries which have been provided by a Lender under this Agreement; provided, that the aggregate notional amounts of such Derivatives shall not exceed the aggregate amount of loans outstanding hereunder.

Appears in 1 contract

Samples: Credit Agreement (Hanover Compressor Co)

AutoNDA by SimpleDocs

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

Appears in 1 contract

Samples: Guarantee (Hanover Compressor Co)

Limitation on Derivatives. Enter into or assume any obligations with respect to any Derivatives except for Derivatives used by HCC or any of its Subsidiaries in reducing the interest rate risk exposure of HCC and its Subsidiaries which have been provided by a Lender holder of Secured Obligations under this Agreement or under the JEDI Loan Agreement; provided, that the aggregate notional amounts of such Derivatives shall not exceed the aggregate amount of loans outstanding hereunderhereunder and under the JEDI Loan Agreement.

Appears in 1 contract

Samples: Credit Agreement (Hanover Compressor Co)

AutoNDA by SimpleDocs

Limitation on Derivatives. Enter into or assume any obligations with respect to any Derivatives except for Derivatives used by HCC or any of its Subsidiaries in reducing the interest rate risk exposure of HCC and its Subsidiaries which have been provided by a Lender under this Agreementthe Corporate Credit Agreement or the Operative Agreements; provided, that the aggregate notional amounts of such Derivatives shall not exceed the aggregate amount of loans outstanding hereunder.

Appears in 1 contract

Samples: Guarantee (Hanover Compressor Co)

Time is Money Join Law Insider Premium to draft better contracts faster.