Common use of Speculative Transactions Clause in Contracts

Speculative Transactions. Engage, or permit any of its Subsidiaries to engage, in any transaction involving commodity options or futures contracts for speculative purposes or any similar speculative transactions, which are, in any case, inconsistent with prior practice and not otherwise made in the ordinary course of business.

Appears in 7 contracts

Samples: Credit Agreement (Hemisphere Media Group, Inc.), Credit Agreement (Hemisphere Media Group, Inc.), Second Lien Senior Secured Credit Agreement (Terremark Worldwide Inc)

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Speculative Transactions. Engage, or permit any of its Subsidiaries to engage, in any transaction involving commodity options or futures contracts for speculative purposes or derivatives or any similar speculative transactions, which are, in any case, inconsistent with prior practice and not otherwise made in the ordinary course of businessexcept for Bank Hedge Agreements.

Appears in 3 contracts

Samples: Credit Agreement (Applied Graphics Technologies Inc), Credit Agreement (Applied Graphics Technologies Inc), Credit Agreement (Applied Graphics Technologies Inc)

Speculative Transactions. Engage, or permit any of its Subsidiaries to engage, in any transaction involving commodity options or futures contracts for speculative purposes or any similar speculative transactions, which are, in any case, inconsistent with prior practice and not otherwise made in the ordinary course of businesstransactions other than Hedge Agreements permitted under Section 5.02(b).

Appears in 2 contracts

Samples: Credit Agreement (Ipc Information Systems Inc), Credit Agreement (Ipc Communications Inc /De/)

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Speculative Transactions. Engage, or permit any of its Subsidiaries to engage, in any transaction involving commodity options or futures contracts for speculative purposes or any similar speculative transactions, which are, in any case, inconsistent with prior practice and not otherwise made in the ordinary course of businessother than Hedge Agreements permitted by Section 7.2(b)(iii)(E).

Appears in 1 contract

Samples: Escrow Agreement (Icg Communications Inc /De/)

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