No-Hoarding Sample Clauses
The No-Hoarding clause prohibits parties from accumulating or stockpiling goods, resources, or information beyond what is reasonably necessary for their operations. In practice, this clause may apply to supply agreements where one party is restricted from purchasing or storing excessive quantities of a product to prevent market manipulation or shortages. Its core function is to ensure fair access and distribution, preventing one party from gaining an unfair advantage or disrupting normal market conditions by withholding resources.
No-Hoarding. The Canadian Borrower shall not, nor shall it permit any Subsidiary to, use the proceeds of any Loan to accumulate or maintain cash or cash equivalents in one or more accounts (including, for certainty, any depository, investment or securities account) maintained by the Canadian Borrower or any of its Subsidiaries in an amount, in the aggregate, greater than U.S.$75,000,000 (or the Equivalent Amount thereof in Canadian Dollars or the equivalent thereof in any other currency), but excluding therefrom amounts accumulated or maintained therein in the ordinary course of business, and (for certainty) the Lenders may refuse to make any requested Drawdown which the Lenders, acting reasonably, determine would result in a contravention of this Section 10.2(l).
No-Hoarding. The success of Hylife is to retail to end consumers. Thus, any forms of hoarding are not promoted. Hylife is well aware that the Distributor may wish to buy some products appropriately for his/ her own consumption, inventories and the preparation of newly-sponsored distributors. However, Hylife does not allow the Distributor to buy the products in order to be qualified for the promotion to the position of the dividend plan only.
8.4 Pre-order
8.5 The 70% Rule
No-Hoarding. No Borrower shall, nor shall it permit any Subsidiary to, use the proceeds of any Loan to accumulate or maintain cash or cash equivalents in one or more accounts (including, for certainty, any depository, investment or securities account) maintained by the Borrower or any of its Subsidiaries in an amount, in the aggregate, greater than Cdn. [redacted] (or the Equivalent Amount thereof in United States Dollars or the equivalent thereof in any other currency), but excluding therefrom amounts accumulated or maintained therein in the ordinary course of business, and (for certainty) the Lenders may refuse to make any requested Drawdown which the Lenders, acting reasonably, determine would result in a contravention of this Section 9.2(k).
No-Hoarding at any time while there are Borrowings, accumulate or maintain cash or cash equivalents (including without limitation using the proceeds of any Accommodation) in one or more accounts (including, for certainty, any depository, investment or securities account) maintained by the Borrower or any of its Subsidiaries in an amount, in the aggregate, greater than the Threshold Amount, but excluding therefrom the proceeds of any equity issuance or other amounts accumulated or maintained therein for a specified business purpose (other than simply accumulating a cash reserve), and the Borrower hereby authorizes the Lenders to refuse to make any requested Accommodation which the Lenders, in their discretion, determine would contravene the foregoing; and
No-Hoarding. The Borrower will not, and will not permit any other Loan Party to, use the proceeds of any Advance to accumulate or maintain cash or Cash Equivalents in one or more accounts (including, for certainty, any depository, investment or securities account, but excluding Excluded Deposits/Amounts) maintained by the Borrower or any of its Subsidiaries in an amount, in the aggregate, greater than the greater of Cdn.$3,000,000 (or the equivalent amount thereof in any other currency) and the Threshold Amount, excluding cash and Cash Equivalents accumulated and maintained for a specified and legitimate business purpose, and (for certainty) the Lenders may refuse to make any requested Drawdown which the Lenders, acting reasonably, determine would result in a contravention of this Section 14.3(m).
No-Hoarding. Except for Excluded Deposits/Amounts, Companies wil not, and will not permit any other Loan Party to, use the proceeds of any Advance to accumulate or maintain cash or Cash Equivalents in one or more accounts (including, for certainty, any depository, investment or securities account) maintained by Companies or any of their Subsidiaries in an amount, in the aggregate, greater than Cdn.$5,000,000 (or the Equivalent Amount thereof in US Dollars or any other currency), and (for certainty) Lenders may refuse to make any requested Advance which Lenders, acting reasonably, determine would result in a contravention of this Section 7.1(p).