Common use of Limitation on Hedging Agreements Clause in Contracts

Limitation on Hedging Agreements. The Borrower will not enter into or maintain any Exchange Rate Swap Contract, Interest Rate Swap Contract, Commodity Swap Contract and any other derivative agreement or other similar agreement or arrangements (collectively, the “Hedging Agreements”). The Borrower will not permit the Material Subsidiaries to enter into any Hedging Agreements for any purpose unless the Borrower obtains the prior written consent of the Lenders to any such Hedging Agreements.

Limitation on Hedging Agreements. The Borrower will not enter into or maintain any Exchange Rate Swap Contract, Interest Rate Swap Contract, Commodity Swap Contract and any other derivative agreement or other similar agreement or arrangements (collectively, the “Hedging Agreements”), unless such Hedging Agreement is entered into for hedging purposes only in the ordinary course of business and not for speculative purposes. The Borrower will not permit the Material Subsidiaries to enter into any Hedging Agreements for any purpose unless the Borrower obtains the prior written consent of the Lenders to any such Hedging Agreements.

Limitation on Hedging Agreements. The Borrower will not, and will not permit any Subsidiary to, enter into or maintain any Exchange Rate Swap Contract, Interest Rate Swap Contract, Commodity Swap Contract and any other derivative agreement or other similar agreement or arrangements (collectively, the “Hedging Agreements”). The Borrower will not permit the Material Subsidiaries to enter into any Hedging Agreements for any purpose , unless the Borrower obtains the prior written consent of the Lenders to any such Hedging AgreementsAgreement is entered into in accordance with prudent industry practice, for risk management purposes only and not for speculative purposes; provided that, the Mandatory Xxxxxx shall be deemed to be permitted under this Section 12.3(f).