Common use of Limitation on Secured Commodity Hedging Clause in Contracts

Limitation on Secured Commodity Hedging. The Company will not, and will not permit any of the Guarantors to, directly or indirectly enter into any Commodity Hedge Agreement that will constitute First Lien Debt, other than Eligible Commodity Hedge Agreements.

Appears in 9 contracts

Samples: Indenture (Calpine Corp), Supplemental Indenture (Calpine Corp), Indenture (Calpine Corp)

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Limitation on Secured Commodity Hedging. The Company will Borrower shall not, and will shall not permit any of the Guarantors to, directly or indirectly indirectly, enter into any Commodity Hedge Agreement that will constitute First Lien Debt, other than Eligible Commodity Hedge Agreements.

Appears in 4 contracts

Samples: Credit Agreement (Calpine Corp), Credit Agreement (Calpine Corp), Credit Agreement (Calpine Corp)

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