No Modification of Hedging Contract Policies. The Borrower and each Subsidiary of the Borrower shall not amend, modify, supplement, restate or rescind the Hedging Contract Policies in a manner which, compared with past practice of the Borrower and its Subsidiaries, would render Hedging Transactions entered into pursuant to the Hedging Contract Policies (as so modified) materially more speculative, without the prior written consent of the Required Lenders.
Appears in 5 contracts
Samples: Credit Agreement (New Jersey Resources Corp), Credit Agreement (New Jersey Resources Corp), Credit Agreement (New Jersey Resources Corp)
No Modification of Hedging Contract Policies. The Borrower and each Subsidiary of the Borrower shall not amend, modify, supplement, restate or rescind the Hedging Contract Policies in a manner which, compared with past practice of the Borrower and its Subsidiaries, would render Hedging Transactions entered into pursuant to the Hedging Contract Policies (as so modified) materially more speculative, speculative (it being understood that without limiting the prior written consent generality of the Required Lendersforegoing, any Hedging Transaction which requires notice to or approval of the Borrower's Risk Management Committee in accordance with the Hedging Contract Policies.
Appears in 1 contract
Samples: Revolving Credit Facility Agreement (New Jersey Resources Corp)
