Swaps. The Borrower will not, nor will it permit any Subsidiary (other than Project Finance Subsidiaries of the Borrower) to, enter into any Swap Contracts, except that the Borrower may enter into Swap Contracts solely to hedge interest rate risk and not for speculative purposes.
Appears in 5 contracts
Samples: Collateral Agency Agreement (InfraREIT, Inc.), Credit Agreement, Direction and Waiver (InfraREIT, Inc.), Term Loan Credit Agreement (InfraREIT, Inc.)
Swaps. The Borrower Company will not, nor will it permit any Subsidiary (other than Project Finance Subsidiaries of the Borrower) to, enter into any Swap Contracts, except that the Borrower Company and its Project Finance Subsidiaries may enter into Swap Contracts solely to hedge interest rate risk and not for speculative purposes.
Appears in 5 contracts
Samples: Note Purchase Agreement (InfraREIT, Inc.), Lease Agreement (InfraREIT, Inc.), Note Purchase Agreement (InfraREIT, Inc.)
Swaps. The Borrower will not, nor will it permit any Subsidiary (other than Project Finance Subsidiaries of the Borrower) to, enter into any Swap Contracts, except that the Borrower and its Project Finance Subsidiaries may enter into Swap Contracts solely to hedge interest rate risk and not for speculative purposes.
Appears in 2 contracts
Samples: Credit Agreement (InfraREIT, Inc.), Credit Agreement (InfraREIT, Inc.)
Swaps. The Borrower will not, nor will it permit any Subsidiary (other than Project Finance Subsidiaries of the Borrowera TDC Subsidiary) to, enter into any Swap Contracts, except that the Borrower and its Subsidiaries may enter into Swap Contracts solely to hedge interest rate risk and not for speculative purposes.
Appears in 1 contract
Samples: Credit Agreement (InfraREIT, Inc.)
