Common use of Limitation on Hedge Agreements Clause in Contracts

Limitation on Hedge Agreements. Enter into any Hedge Agreement other than Hedge Agreements entered into in the ordinary course of business (i) to protect against changes in interest rates or to reduce overall interest costs with respect to Funded Debt of the Parent and its Subsidiaries to the extent that such Hedge Agreements have an aggregate notional amount equal to or less than an amount reasonably related to the amount of such Funded Debt, all such determinations to be made at the time of incurrence of such Hedge Agreement and (ii) to protect against changes in currency exchange rates or commodity prices and to reduce overall costs with respect to such currency exchange rates or commodity prices to the extent that such Hedge Agreements are in an aggregate notional amount equal to or less than an amount reasonably related to the exposure of the Borrower and its Subsidiaries with respect to such currencies or commodities, as applicable.

Limitation on Hedge Agreements. Enter into any Hedge Agreement other than Hedge Agreements entered into in the ordinary course of business (i) to protect against changes in interest rates or to reduce overall interest costs with respect to Funded Debt of the Parent and its Subsidiaries to the extent that such Hedge Agreements have an aggregate notional amount equal to or less than an amount reasonably related to the amount of such Funded Debt, all such determinations to be made at the time of incurrence of such Hedge Agreement and (ii) to protect against changes in currency exchange rates or commodity prices and to reduce overall costs with respect to such currency exchange rates or commodity prices to the extent that such Hedge Agreements are in an aggregate notional amount equal to or less than an amount reasonably related to the exposure of the Borrower and its Restricted Subsidiaries with respect to such currencies or commodities, as applicable.