Swap Contracts. The Company shall not and shall not permit any of its Subsidiaries to enter into any Swap Contracts, other than Swap Contracts entered into by the Company or its Subsidiaries pursuant to which the Company or such Subsidiary has hedged its reasonably estimated interest rate, foreign currency or commodity exposure, and which are non-speculative in nature.
Appears in 9 contracts
Samples: Credit Agreement (Chicago Bridge & Iron Co N V), Credit Agreement (Chicago Bridge & Iron Co N V), Term Loan Agreement (Chicago Bridge & Iron Co N V)
Swap Contracts. The Company shall not not, and shall not permit any of its Subsidiaries Subsidiary to, create, incur, assume or suffer to enter into exist any Swap Contracts, other than obligations under Swap Contracts entered into by the Company or its Subsidiaries pursuant to which the Company or such Subsidiary has hedged its reasonably estimated interest rate, foreign currency or commodity exposure, and which are non-speculative in natureexcept for Permitted Swap Obligations.
Appears in 5 contracts
Samples: Credit Agreement (Snyder's-Lance, Inc.), Credit Agreement (Lance Inc), Credit Agreement (Lance Inc)
Swap Contracts. The Company shall not and shall not will not, nor will it permit any of its Subsidiaries to Subsidiary to, enter into or remain liable under any Swap Contracts, other than except for Swap Contracts that are entered into by in the Company or its Subsidiaries pursuant to which ordinary course of business of the Company or such Subsidiary has hedged its reasonably estimated interest rate, foreign currency for the purpose of hedging a risk exposure of the Company or commodity exposure, a Subsidiary and which are non-not for speculative in naturepurposes.
Appears in 3 contracts
Samples: Second Amended and Restated Note Purchase and Private Shelf Agreement (Modine Manufacturing Co), Amended and Restated Note Purchase and Private Shelf Agreement (Modine Manufacturing Co), Note Purchase and Private Shelf Agreement (Modine Manufacturing Co)
Swap Contracts. The Company shall not not, and shall not permit any of its Subsidiaries to Subsidiary to, enter into any Swap ContractsContract, other than Swap Contracts entered into by the Company or its Subsidiaries pursuant incurred to which the Company or such Subsidiary has hedged its reasonably estimated interest rate, foreign currency or commodity exposure, hedge bona fide business risks and which are non-not for speculative in naturepurposes.
Appears in 2 contracts
Samples: Credit Agreement (Oshkosh Corp), Credit Agreement (Oshkosh Corp)
Swap Contracts. The Company shall not will not, and shall will not permit any of its Subsidiaries to Consolidated Subsidiary to, enter into any Swap Contracts, other than Swap Contracts Contract except in the ordinary course of business pursuant to transactions that are entered into by for bona fide purposes of managing the Company or its Subsidiaries pursuant to which the Company or such Subsidiary has hedged its reasonably estimated Company’s interest rate, foreign rate and currency or commodity exposure, risk and which are non-speculative in naturenot for speculation.
Appears in 1 contract
Samples: Note Agreement (Allied Capital Corp)
Swap Contracts. The Company shall not not, and shall not suffer or permit any of its Subsidiaries to Subsidiary to, enter into any Swap ContractsContract, other than Swap Contracts entered into by in the Company ordinary course of business to hedge or its Subsidiaries pursuant mitigate risks to which the Company or such any Subsidiary has hedged is exposed in the conduct of its reasonably estimated interest ratebusiness or the management of its liabilities. Solely for the avoidance of doubt, foreign currency the Company acknowledges that a Swap Contract entered into for speculative purposes or commodity exposure, and which are non-of a speculative nature is not a Swap Contract entered into in naturethe ordinary course of business to hedge or mitigate risks.
Appears in 1 contract
Samples: Credit Agreement (Marcus Corp)
