Permitted Treasury Transaction definition

Permitted Treasury Transaction has the meaning given to that term in Clause 22.13 (Treasury Transactions);

Permitted Treasury Transaction means any Treasury Transaction entered into in the ordinary course of business (and not for investment or speculative purposes) to hedge currency, commodity price or interest rate exposure of a member of the Group.

Permitted Treasury Transaction shall have the meaning ascribed thereto in Schedule 15 (Hedging Parameters).

Examples of Permitted Treasury Transaction in a sentence

• 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.

• No Obligor may enter into any derivative transactions in connection with protection against or benefit from any fluctuation in any rate or price, other than a Permitted Treasury Transaction.

• The Borrower shall not enter into any Treasury Transaction which is not a Permitted Treasury Transaction.

• No Obligor shall (and the Company will procure that no Group Member will) enter into or permit to subsist any Treasury Transaction, other than any Permitted Treasury Transaction.

• No Obligor shall (and the Parent will procure that no members of the Group will) enter into any Treasury Transaction, other than any Permitted Treasury Transaction.

More Definitions of Permitted Treasury Transaction

Permitted Treasury Transaction means any derivative transaction entered into in connection with protection against or the benefit from fluctuation in any rate or price but not for investment or speculative purposes.

Permitted Treasury Transaction means:• in relation to the borrower or the Offshore Promoter, any hedging transaction entered into by the Offshore Promoter or the borrower in accordance with the hedging strategy (including such hedging transactions documented by the hedging agreements); or• in relation to any member of the target group (other than the Offshore Promoter):• spot and forward delivery foreign exchange contracts entered into by that member of the Target Group in the ordinary course of business and not for speculative purposes; and• any Treasury Transaction entered into by that member of the Target Group for the hedging of actual or projected real exposures arising in the ordinary course of trading activities of that member of the Target Group and not for speculative purposes.

Permitted Treasury Transaction means any Treasury Transaction entered into for the hedging of actual or projected interest rate and foreign exchange exposures arising in the ordinary course of trading activities of an Obligor (including hedging interest rate exposures in relation to the Facilities and foreign exchange exposure in respect of cashflows) and not for speculative purposes.

Permitted Treasury Transaction means: 1.1.92.1. a Treasury Transaction entered into with the prior written approval of the Lender; 1.1.92.2. a Treasury Transaction documented by a Hedging Agreement; and 1.1.92.3. 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;

Permitted Treasury Transaction means any Treasury Transaction that is not prohibited under this Agreement.

Permitted Treasury Transaction has the meaning given to that term in Schedule 17 (Hedging Parameters).

Permitted Treasury Transaction means any Treasury Transaction: