Treasury Transactions. No Obligor shall (and the Parent will procure that no members of the NEXT Group will) enter into any Treasury Transaction, other than any Permitted Treasury Transaction.
Treasury Transactions. No Obligor shall (and Parent shall ensure that no other member of the Group will) enter into any Treasury Transaction, other than (a) spot and forward delivery foreign exchange contracts entered into in the ordinary course of business and not for speculative purposes and (b) any Treasury Transaction entered into for the hedging of actual or projected real exposures arising in the ordinary course business of a member of the Group and not for speculative purposes.
Treasury Transactions. The Borrower shall not (and shall ensure that no Group Member will) enter into any Treasury Transactions, except for those entered into to hedge actual or projected interest or forward exposures arising in the ordinary course of trading and not for speculative purposes.
Treasury Transactions. No Obligor shall (and the Company will procure that no other member of the Group will) enter into any Treasury Transaction, other than:
(a) the hedging transactions documented by the Hedging Documents in accordance with the Hedging Letter;
(b) spot and forward delivery foreign exchange contracts entered into in the ordinary course of business and not for speculative purposes; and
(c) any Treasury Transaction entered into for the hedging of actual or projected real exposures arising in the ordinary course of trading activities of a member of the Group and not for speculative purposes.
Treasury Transactions amend the Credit Agreement to delete Clause 19.12 (Treasury transactions).
Treasury Transactions. No Obligor shall (and the Company will procure that no member of the Restricted Group will) enter into any Treasury Transaction, other than for the purpose of hedging interest rate and/or foreign exchange risks in the ordinary course of business and for non-speculative purposes.
Treasury Transactions. No Obligor (other than Holdco) shall (and the Obligors shall ensure that no other member of the Group will) enter into any Treasury Transaction. This restriction does not apply to spot and forward delivery foreign exchange contracts entered into in the ordinary course of business, but not for speculative purposes nor any Treasury Transaction expressly permitted in writing by the Facility Agent. (each a Permitted Treasury Transaction).
Treasury Transactions. No Obligor shall (and the Company will procure that no other member of the Group will) enter into any Treasury Transaction, other than:
(a) hedging transactions documented by the Hedging Agreements; and/or
(b) hedging transactions in accordance with the Hedging Policy.
Treasury Transactions. The Parent shall not, and shall not permit any Restricted Subsidiary to, enter into any Treasury Transaction, other than (a) spot and forward delivery foreign exchange contracts entered into in the ordinary course of business and not for speculative purposes and (b) any Treasury Transaction entered into for the hedging of actual or projected real exposures arising in the ordinary course of business of a member of the Group and not for speculative purposes.
Treasury Transactions. The Borrower shall not enter into any Treasury Transaction.
