Common use of No Speculative Transactions Clause in Contracts

No Speculative Transactions. Such Loan Party will not, and will not permit any of its Subsidiaries to, engage in any speculative transaction or in any transaction involving Hedging Contracts except for the sole purpose of hedging in the normal course of business and consistent with industry practices.

Appears in 3 contracts

Samples: Secured Super Priority Debtor in Possession Credit Agreement (Conseco Inc), Revolving Credit Agreement (Classic Cable Inc), Revolving Credit Agreement (Warnaco Group Inc /De/)

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No Speculative Transactions. Such No Loan Party will notshall, and will not or permit any of its Subsidiaries to, engage in any speculative transaction or in any transaction involving Hedging Contracts or, except for the sole purpose of hedging in the normal course of business and consistent with industry practices, engage in any transaction involving commodity options or futures contracts.

Appears in 3 contracts

Samples: Credit Agreement (Wheeling Pittsburgh Corp /De/), Credit Agreement (WHX Corp), Credit Agreement (WHX Corp)

No Speculative Transactions. Such Loan Party will shall not, and will shall not permit any of its Subsidiaries to, engage in any speculative transaction or in any transaction involving Hedging Contracts except for the sole purpose of hedging in the normal course of business and consistent with industry practices.

Appears in 2 contracts

Samples: Secured Debtor in Possession Credit Agreement (Friedmans Inc), Revolving Credit Agreement (Friedmans Inc)

No Speculative Transactions. Such Loan Party will shall not, and will shall not permit any of its Subsidiaries to, engage in any speculative transaction or in any transaction involving Hedging Contracts except solely by the Loan Parties and with the Lenders, for the sole purpose of hedging in the normal course of business and consistent with industry practicespractices and not for any speculative purpose.

Appears in 2 contracts

Samples: Secured Super Priority Debtor in Possession Multiple Draw Term Loan Agreement (Greenville Tube CO), Secured Super Priority Debtor in Possession Multiple Draw Term Loan Agreement (Pliant Corp)

No Speculative Transactions. Such The Loan Party will not, Parties shall not and will shall not permit any of its their respective Subsidiaries to, to engage in any speculative transaction or in any transaction involving Hedging Contracts commodity options or futures contracts except for the sole purpose of hedging in the normal course of business and consistent with industry practices.

Appears in 1 contract

Samples: Debtor in Possession Revolving Credit and Guaranty Agreement (BMJ Medical Management Inc)

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No Speculative Transactions. Such Loan Party will not, and will not permit any of its Subsidiaries to, engage in any speculative transaction or in any transaction involving Hedging Contracts except for the sole purpose of hedging in the normal course of business and consistent with industry practicescontracts.

Appears in 1 contract

Samples: Credit and Security Agreement (Amr Corp)

No Speculative Transactions. Such No Loan Party will notshall, and will not nor shall it permit any of its Subsidiaries to, engage in any speculative transaction or in any transaction involving Hedging Contracts except for the sole purpose of hedging in the normal course of business and consistent with industry practices.

Appears in 1 contract

Samples: Revolving Credit, Term Loan and Guarantee Agreement (Us Concrete Inc)

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