Common use of Swap Obligations Clause in Contracts

Swap Obligations. No Loan Party has incurred any outstanding obligations under any Swap Contracts, other than Permitted Swap Obligations. Borrowers have undertaken their own independent assessment of their consolidated assets, liabilities and commitments and have considered appropriate means of mitigating and managing risks associated with such matters and have not relied on any swap counterparty or any Affiliate of any swap counterparty in determining whether to enter into any Swap Contract.

Appears in 4 contracts

Samples: Loan and Security Agreement (Bucyrus International Inc), Loan and Security Agreement (Bucyrus International Inc), Loan and Security Agreement (Bucyrus International Inc)

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Swap Obligations. No Loan Party has incurred any outstanding obligations under any Swap Contracts, other than Permitted Swap Obligations. Borrowers Loan Parties have undertaken their own independent assessment of their consolidated assets, liabilities and commitments and have considered appropriate means of mitigating and managing risks associated with such matters and have not relied on any swap counterparty or any Affiliate of any swap counterparty in determining whether to enter into any Swap Contract.

Appears in 2 contracts

Samples: Security Agreement (Stream Global Services, Inc.), Security Agreement (Stream Global Services, Inc.)

Swap Obligations. No None of the Loan Party Parties has incurred any outstanding obligations under any Swap Contracts, other than Permitted Swap Obligations. Borrowers have Each Loan Party has undertaken their its own independent assessment of their consolidated its assets, liabilities and commitments and have has considered appropriate means of mitigating and managing risks associated with such matters and have has not relied on any swap counterparty or any Affiliate of any swap counterparty in determining whether to enter into any Swap Contract.

Appears in 2 contracts

Samples: Credit Agreement (North American Galvanizing & Coatings Inc), Credit Agreement (North American Galvanizing & Coatings Inc)

Swap Obligations. No Loan Party has incurred any outstanding obligations under any Swap Contracts, Contracts other than Permitted Swap Obligations. Borrowers have The Company has undertaken their its own independent assessment of their its consolidated assets, liabilities and commitments and have has considered appropriate means of mitigating and managing risks associated with such matters and have not relied on any swap counterparty or any Affiliate of any swap counterparty in determining whether to enter into any Swap Contractmatters.

Appears in 1 contract

Samples: Loan and Security Agreement (Material Sciences Corp)

Swap Obligations. No Loan Credit Party nor any of its Subsidiaries has incurred any outstanding obligations under any Swap Contracts, other than Permitted Swap Obligations. Borrowers have Each Credit Party has undertaken their its own independent assessment of their its consolidated assets, liabilities and commitments and have has considered appropriate means of mitigating and managing risks associated with such matters and have has not relied on any swap counterparty or any Affiliate of any swap counterparty in determining whether to enter into any Swap Contract.

Appears in 1 contract

Samples: Multicurrency Credit Agreement (Kf-Delaware Inc)

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Swap Obligations. No Neither such Loan Party nor any of its Subsidiaries has incurred any outstanding obligations under any Swap Contracts, other than Permitted Swap Obligations. Borrowers have Such Loan Party has undertaken their its own independent assessment of their its consolidated assets, liabilities and commitments and have has considered appropriate means of mitigating and managing risks associated with such matters and have has not relied on any swap counterparty Swap Provider or any Affiliate of any swap counterparty Swap Provider in determining whether to enter into any Swap Contract.

Appears in 1 contract

Samples: Credit Agreement (Eps Solutions Corp)

Swap Obligations. No Loan Party nor any of their respective Subsidiaries has incurred any outstanding obligations under any Swap Contracts, other than Permitted Swap Obligations. Borrowers have The Company has undertaken their its own independent assessment of their its consolidated assets, liabilities and commitments and have has considered appropriate means of mitigating and managing risks associated with such matters and have has not relied on any swap counterparty or any Affiliate of any swap counterparty in determining whether to enter into any Swap Contract.

Appears in 1 contract

Samples: Credit Agreement (Del Monte Foods Co)

Swap Obligations. No Loan Credit Party nor any of its Subsidiaries has ---------------- incurred any outstanding obligations under any Swap Contracts, other than Permitted Swap Obligations. Borrowers have Each Credit Party has undertaken their its own independent assessment of their its consolidated assets, liabilities and commitments and have has considered appropriate means of mitigating and managing risks associated with such matters and have has not relied on any swap counterparty or any Affiliate of any swap counterparty in determining whether to enter into any Swap Contract.

Appears in 1 contract

Samples: Credit Agreement (Impac Group Inc /De/)

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