Unhedged Cattle definition

Unhedged Cattle has the meaning set forth in Section 10.19 hereof.
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Unhedged Cattle has the meaning set forth in Section 10.19 hereof. National Beef Packing Company Credit Agreement 23
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Examples of Unhedged Cattle in a sentence

  • In determining the number of hedged or Unhedged Cattle for purposes of this Section 10.19, any partial ownership interests of the Borrower or any of its Subsidiaries in cattle shall be counted at the percentage of interest owned.

  • The Borrower and its Subsidiaries together shall not at any time own more than 10,000 head of Unhedged Cattle to be finished in any single month.

  • In determining the number of hedged or Unhedged Cattle for purposes of this Section 10.19, any partial ownership interests of the Borrower in cattle shall be counted at the percentage of interest owned.

  • In determining the number of hedged or Unhedged Cattle for purposes of this Section 10.19, any partial ownership interests of either the Borrower or NBC in cattle shall be counted at the percentage of interest owned.

  • The Borrower shall not at any time own more than 10,000 head of Unhedged Cattle to be finished in any single month.

  • The Borrower and NBC together shall not at any time own more than 10,000 head of Unhedged Cattle to be finished in any single month.

  • As used herein, the phrase "Unhedged Cattle" shall refer to cattle which are not hedged with either futures contracts or option contracts at prices that limit either the Borrower's or NBC's combined potential losses to no more than $50 per head.

  • As used herein, the phrase "Unhedged Cattle" shall refer to cattle which are not hedged with either futures contracts or option contracts at prices that limit the Borrower's potential losses to no more than $50 per head.

Related to Unhedged Cattle

  • Hedged Margin for CFD trading shall mean the necessary margin required by the Company so as to open and maintain Matched Positions.

  • Total hydrocarbons (THC) means the sum of all volatile compounds measurable by a flame ionization detector (FID).

  • Liquefied natural gas or “LNG” means natural gas that has been liquefied.

  • Proved Developed Producing Reserves means Proved Reserves which are categorized as both “Developed” and “Producing” in the Definitions, “Proved Developed Nonproducing Reserves” means Proved Reserves which are categorized as both “Developed” and “Nonproducing” in the Definitions, and “Proved Undeveloped Reserves” means Proved Reserves which are categorized as “Undeveloped” in the Definitions.

  • Blendstock means and includes any petroleum product component of motor fuel, such as naphtha, reformate, or toluene; or any oxygenate that can be blended for use in a motor fuel.