Common use of No Speculative Transactions Clause in Contracts

No Speculative Transactions. The Borrower shall not, and shall not permit any of its Subsidiaries to, engage in any material speculative transaction or in any material transaction involving the entry into of Swap Contracts by such Person except for the sole purpose of hedging in the normal course of business.

Appears in 17 contracts

Samples: Credit Agreement (B. Riley Financial, Inc.), Credit Agreement (Babcock & Wilcox Enterprises, Inc.), Credit Agreement (B. Riley Financial, Inc.)

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No Speculative Transactions. The Borrower shall not, and shall not permit any of its Subsidiaries to, engage in any material speculative transaction or in any material transaction involving the entry into of Swap Hedging Contracts by such Person except for the sole purpose of hedging in the normal course of businessbusiness and consistent with industry practices.

Appears in 7 contracts

Samples: Credit Agreement (Amkor Technology Inc), Credit Agreement (Washington Group International Inc), Amendment Agreement (Washington Group International Inc)

No Speculative Transactions. The Borrower shall not, not and shall not permit any of its Subsidiaries to, to engage in any material speculative transaction or in any material transaction involving the entry into of Swap Contracts by such Person commodity options or futures contracts except for the sole purpose of hedging in the normal course of businessbusiness and consistent with industry practices.

Appears in 3 contracts

Samples: Credit Agreement (Elder Beerman Stores Corp), Credit Agreement (Elder Beerman Stores Corp), Credit Agreement (Elder Beerman Stores Corp)

No Speculative Transactions. The Borrower shall will not, and shall will not permit any of its Subsidiaries to, engage in any material speculative transaction or in any material transaction involving the entry into of Swap Hedging Contracts by such Person except for the sole purpose of hedging in the normal course of businessbusiness and consistent with industry practices.

Appears in 3 contracts

Samples: Credit Agreement (Paragon Trade Brands Inc), Credit Agreement (National Steel Corp), Subordinated Credit Agreement (National Steel Corp)

No Speculative Transactions. The Borrower shall not, and nor shall not it permit any of its Subsidiaries to, engage in any material speculative transaction or in any material transaction involving the entry into of Swap Hedging Contracts by such Person except for the sole purpose of hedging in the normal course of businessbusiness and consistent with industry practices.

Appears in 2 contracts

Samples: Credit Agreement (Us Concrete Inc), Credit Agreement (Us Concrete Inc)

No Speculative Transactions. The Borrower shall not, and shall not permit any of its Subsidiaries to, engage in enter into any material Hedging Contract solely for speculative transaction purposes or in any material transaction involving the entry into of Swap Contracts by such Person except other than for the sole purpose of hedging risks associated with the businesses of the Borrower and its Subsidiaries, as done in the normal ordinary course of businesssuch businesses.

Appears in 2 contracts

Samples: Letter of Credit Agreement (FMC Corp), Credit Agreement (FMC Corp)

No Speculative Transactions. The Borrower shall not, and shall not permit any of its Subsidiaries to, engage in any material speculative transaction or in any material transaction involving the entry into of Swap Hedging Contracts by such Person except for the sole purpose of hedging in the normal course of business.

Appears in 2 contracts

Samples: Credit Agreement (McDermott International Inc), Credit Agreement (McDermott International Inc)

No Speculative Transactions. The Borrower shall not, and shall not permit any of its Subsidiaries to, engage in enter into any material Hedging Contract solely for speculative transaction purposes or in any material transaction involving the entry into of Swap Contracts by such Person except other than for the sole purpose of hedging risks associated with the businesses of the Borrower and its Material Subsidiaries, as done in the normal ordinary course of businesssuch businesses.

Appears in 1 contract

Samples: Term Loan Agreement (FMC Corp)

No Speculative Transactions. The Borrower shall not, and shall not permit any of its Subsidiaries to, engage in any material speculative transaction or in any material transaction involving the entry into of Swap Hedging Contracts by such Person except for the sole purpose of hedging interest rate risk in the normal course of business.

Appears in 1 contract

Samples: Bridge Loan Agreement (Concentra Operating Corp)

No Speculative Transactions. The Borrower shall not, and shall not permit any of its Subsidiaries to, engage in any material speculative transaction or in any material transaction involving the entry into of Swap Contracts by such Person derivatives or commodity options, futures or forward contracts, except for the sole purpose of hedging in the normal course of businessbusiness and consistent with past practices.

Appears in 1 contract

Samples: Credit Agreement (Intergraph Corp)

No Speculative Transactions. The Each Borrower shall not, and shall not permit any of its respective Subsidiaries to, engage in any material speculative transaction or in any material transaction involving the entry into of Swap Derivatives Contracts by such Person except for the sole purpose of hedging in the normal course of businessbusiness and consistent with industry practices.

Appears in 1 contract

Samples: Credit Agreement (Silver Cinemas International Inc)

No Speculative Transactions. The Borrower shall will not, and shall will not permit any of its Subsidiaries to, engage in any material speculative transaction or in any material transaction involving the entry into of Swap Contracts by such Person commodity options or futures contracts except for the sole purpose of hedging in the normal course of businessbusiness and consistent with industry and past practices.

Appears in 1 contract

Samples: Loan and Security Agreement (Reunion Industries Inc)

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No Speculative Transactions. The Borrower shall not, and shall not permit any of its Subsidiaries to, engage in any material speculative transaction or in any material transaction involving the entry into of Swap Hedging Contracts by such Person except for the sole purpose of hedging in the normal course of businessbusiness and consistent with industry practices. CREDIT AGREEMENT CONSTAR INTERNATIONAL INC.

Appears in 1 contract

Samples: Credit Agreement (Constar International Inc)

No Speculative Transactions. The Borrower shall not, and shall not permit any of its Subsidiaries to, engage in any material speculative transaction or in any material transaction involving the entry into of Swap Contracts by such Person commodity options or futures contracts except for the sole purpose of hedging in the normal course of businessbusiness and consistent with industry practices.

Appears in 1 contract

Samples: Credit Agreement (Elder Beerman Stores Corp)

No Speculative Transactions. The Borrower shall not, and shall not permit any of its Restricted Subsidiaries to, engage in any material speculative transaction or in any material transaction involving the entry into of Swap Hedging Contracts by such Person except for the sole purpose of hedging in the normal ordinary course of business.

Appears in 1 contract

Samples: Credit Agreement (McDermott International Inc)

No Speculative Transactions. The Borrower shall not, and nor shall not it permit any of its Subsidiaries to, engage in any material speculative transaction or in any material transaction involving the entry into of Swap Hedging Contracts by such Person except for the sole purpose of hedging in the normal course of businessreasonably estimated interest rate, foreign currency or commodity exposure and not for speculative purposes.

Appears in 1 contract

Samples: Credit Agreement (Datapath Inc)

No Speculative Transactions. The Borrower shall not, and shall not permit any of its Subsidiaries to, engage in any material speculative transaction transactions involving commodity options or in any material transaction involving the entry into of Swap Contracts by such Person futures contracts, except for the sole purpose of hedging in the normal course of businessbusiness and consistent with industry practices, or engage in any speculative transaction, except as required by Section 6.15.

Appears in 1 contract

Samples: Credit Agreement (Heritage Media Corp)

No Speculative Transactions. The Borrower shall not, and shall not permit any of its Subsidiaries to, engage in any material speculative transaction or in any material transaction involving the entry into of Swap Hedging Contracts except as required by such Person except or for the sole purpose of hedging in the normal course of businessbusiness and consistent with industry practices.

Appears in 1 contract

Samples: Credit Agreement (WCI Steel, Inc.)

No Speculative Transactions. The Such Borrower shall not, and shall not permit any of its Subsidiaries to, engage in any material speculative transaction or in any material transaction involving the entry into of Swap Hedging Contracts by such Person except for the sole purpose of hedging in the normal course of businessbusiness and consistent with industry practices.

Appears in 1 contract

Samples: Secured Super Priority Debtor in Possession Credit Agreement (Exide Corp)

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