Commodity Hedging Obligations definition

Commodity Hedging Obligations means, with respect to any specified Person, the obligations of such Person under a Commodity Hedging Agreement.

Commodity Hedging Obligations means, with respect to any Person, the net payment Obligations of such Person under Commodity Hedging Agreements.

Commodity Hedging Obligations means, with respect to any Person, the obligations of such Person under commodity swaps, commodity futures contracts, options on commodity futures contracts, commodity options, and other agreements or arrangements designed to protect such Person against fluctuations in commodity values.

Examples of Commodity Hedging Obligations in a sentence

• For the avoidance of doubt and notwithstanding anything to the contrary set forth above, Permitted Commodity Hedging Obligations shall not constitute Debt for purposes of this Agreement.

• The Account Party will request the issuance of Letters of Credit solely for the working capital requirements and general corporate purposes of (i) the Limited Recourse Guarantor and/or (ii) any direct or indirect Subsidiary or Minority Investment of the Limited Recourse Guarantor (other than the Account Party, except in respect of any Additional L/C Facility Agreements), including to support Commodity Hedging Obligations (as defined under the Parent Credit Agreement).

• Not, nor permit any of its Restricted Subsidiaries to, directly or indirectly, enter into or assume any Commodity Hedging Obligations except in the ordinary course of business and not for speculative purposes.

• Notwithstanding the foregoing, Commodity Hedging Obligations shall not in any event be Permitted Debt.

• The Borrower will request the issuance of Letters of Credit solely for the working capital requirements and general corporate purposes of (i) the Borrower and the Subsidiary Guarantors or (ii) any other Subsidiary, including to support Commodity Hedging Obligations; provided that the L/C Exposure pursuant to this Agreement with respect to such other Subsidiaries shall not exceed the L/C Exposure Cap.

More Definitions of Commodity Hedging Obligations

Commodity Hedging Obligations means, with respect to any specified Person, the obligations of such Person under Commodity Hedging Transactions.

Commodity Hedging Obligations means any and all obligations of the Group Members under (a) any and all agreements, devices or arrangements designed to protect any Group Member from the fluctuations of commodity prices, commodity price cap or collar protection agreements, and commodity forward and future contracts, swaps, options, puts and warrants, and (b) any and all cancellations, buy backs, reversals, terminations or assignments of any of the foregoing.

Commodity Hedging Obligations means, with respect to any Person, the net payment Obligations of such Person under Commodity Hedge Agreements.

Commodity Hedging Obligations means any and all obligations of the Borrowers and their Subsidiaries under (a) any and all agreements, devices or arrangements designed to protect any Borrowers or any of their Subsidiaries from the fluctuations of commodity prices, commodity price cap or collar protection agreements, and commodity forward and future contracts, swaps, options, puts and warrants, and (b) any and all cancellations, buy backs, reversals, terminations or assignments of any of the foregoing.

Commodity Hedging Obligations means Hedging Obligations permitted hereunder in respect of commodity hedging agreements.

Commodity Hedging Obligations means, with respect to any Person, the net payment Obligations of such Person under agreements or arrangements designed to protect such Person against fluctuations in the price of (i) natural gas, heating fuels, electricity and other sources of energy or power used in the Company's sugar refining or processing operations or (ii) or refined or raw sugar, in either case in connection with the conduct of its business and not for speculative purposes and consistent with past practices.

Commodity Hedging Obligations means with respect to an Obligor, all present and future debts, liabilities and obligations of such Obligor to the Lenders under or in connection with any put, call, forward, future, swap, option, cap or collar or similar arrangement (or any combination of the foregoing, or any derivative thereof) relating to bullion, base metals or any other commodity executed by such Obligor.