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 or any similar speculative transactions other than in any event transactions entered into in the ordinary course of business consistent with past practice; it being understood, however, that the Borrower may engage in interest rate management transactions that are not speculative so long as the other requirements of this Agreement are complied with.

Speculative Transactions. Engage, or permit any of its Subsidiaries to engage, in any transaction involving commodity options or futures contracts or any similar speculative transactions other than in any event transactions entered into transactions, which are not made in the ordinary course of business consistent with past practicebusiness; it being understoodprovided that, howeverin any event, the Company and its Subsidiaries may enter into Swap Contracts that the Borrower may engage in move from fixed interest rate management transactions that are not speculative so long as the other requirements of this Agreement are complied withrates to floating interest rates or move from floating interest rates to fixed interest rates.

Speculative Transactions. Engage, or permit any of its Subsidiaries to engage, in any transaction involving commodity options or futures contracts or any similar speculative transactions other than in any event transactions entered into in the ordinary course of business consistent with past practice; it being understood, however, that the Borrower may engage in interest rate and commodity risk management transactions that are not speculative so long as the other requirements of this Agreement are complied with.