Common use of Derivatives Contracts Clause in Contracts

Derivatives Contracts. The Borrower shall not, and shall not permit Parent or any other Loan Party to enter into or become obligated in respect of, Derivatives Contracts, other than (a) Specified Derivatives Contracts or (b) Derivatives Contracts entered into by the Parent, the Borrower or a Loan Party in the ordinary course of business and which establish an effective hedge in respect of liabilities, commitments or assets held or reasonably anticipated by the Parent, the Borrower or a Loan Party (including, without limitation, liabilities under this Agreement).

Appears in 3 contracts

Sources: Term Loan Agreement (CBL & Associates Properties Inc), Credit Agreement (CBL & Associates Properties Inc), Credit Agreement (CBL & Associates Properties Inc)

Derivatives Contracts. The Parent and the Borrower shall not, and shall not permit Parent or any other Loan Party to or any other Subsidiary of the Parent to, enter into or become obligated in respect of, of Derivatives Contracts, Contracts other than (a) Specified Derivatives Contracts or (b) Derivatives Contracts entered into by the Parent, the Borrower or a Borrower, any such Loan Party or any such Subsidiary of the Parent in the ordinary course of business and which establish an effective hedge in respect of liabilities, commitments or assets held or reasonably anticipated by the Parent, the Borrower or a Borrower, such other Loan Party (including, without limitation, liabilities under this Agreement)or such other Subsidiary of the Parent.

Appears in 3 contracts

Sources: Credit Agreement (Tier Reit Inc), Credit Agreement (Tier Reit Inc), Credit Agreement (Tier Reit Inc)

Derivatives Contracts. The Parent and the Borrower shall not, and shall not permit Parent or any other Loan Party to or any other Subsidiary to, enter into or become obligated in respect of, of Derivatives Contracts, Contracts other than (a) Specified Derivatives Contracts or (b) Derivatives Contracts entered into by the Parent, the Borrower or a Borrower, any such Loan Party or any such Subsidiary in the ordinary course of business and which establish an effective hedge in respect of liabilities, commitments or assets held or reasonably anticipated by the Parent, the Borrower or a Borrower, such other Loan Party (including, without limitation, liabilities under this Agreement)or such other Subsidiary.

Appears in 3 contracts

Sources: Credit Agreement (Sunstone Hotel Investors, Inc.), Credit Agreement (Sunstone Hotel Investors, Inc.), Credit Agreement (Sunstone Hotel Investors, Inc.)

Derivatives Contracts. The Parent and the Borrower shall not, and shall not permit Parent or any other Loan Party or other Subsidiary to enter into or become obligated in respect of, Derivatives Contracts, other than (a) Specified Derivatives Contracts or (b) Derivatives Contracts entered into by the Parent, the Borrower or a Borrower, such Loan Party or such Subsidiary in the ordinary course of business and which establish an effective hedge in respect of liabilities, commitments or assets held or reasonably anticipated by the Parent, the Borrower or a Borrower, another Loan Party (including, without limitation, liabilities under this Agreement)or other Subsidiary.

Appears in 2 contracts

Sources: Credit Agreement (Excel Trust, Inc.), Credit Agreement (Excel Trust, Inc.)

Derivatives Contracts. The Parent and the Borrower shall not, and shall not permit Parent or any other Loan Party to or any other Subsidiary to, enter into or become obligated in respect of, of Derivatives Contracts, Contracts other than (a) Specified Derivatives Contracts or (b) Derivatives Contracts entered into by the ParentBorrower, the Borrower or a any such Loan Party or any such Subsidiary in the ordinary course of business and which establish an effective hedge in respect of liabilities, commitments or assets held or reasonably anticipated by the ParentBorrower, the Borrower or a such other Loan Party (including, without limitation, liabilities under this Agreement)or such other Subsidiary.

Appears in 2 contracts

Sources: Term Loan Agreement (First Potomac Realty Trust), Revolving Credit Agreement (First Potomac Realty Trust)

Derivatives Contracts. The Borrower shall not, and shall not permit Parent or any other Loan Party to enter into or become obligated in respect of, Derivatives Contracts, other than (a) Specified Derivatives Contracts or and (b) Derivatives Contracts entered into by the Parent, the Borrower or a Loan Party in the ordinary course of business and which establish an effective hedge in respect of liabilities, commitments or assets held or reasonably anticipated by the Parent, the Borrower or a Loan Party (including, without limitation, liabilities under this Agreement)Party.

Appears in 2 contracts

Sources: Credit Agreement (CBL & Associates Properties Inc), Credit Agreement (CBL & Associates Properties Inc)

Derivatives Contracts. The Parent and the Borrower shall not, and shall not permit Parent or any other Loan Party to or other Subsidiary to, enter into or become obligated in respect of, Derivatives Contracts, Contracts other than (a) Specified Derivatives Contracts or and (b) other Derivatives Contracts entered into by the Parent, the Borrower or a Borrower, any other Loan Party or other Subsidiary in the ordinary course of business and which establish an effective hedge in respect of liabilities, commitments or assets held or reasonably anticipated by the Parent, the Borrower or a Loan Party (including, without limitation, liabilities under this Agreement)such Person.

Appears in 1 contract

Sources: Credit Agreement (U-Store-It Trust)

Derivatives Contracts. The Parent and the Borrower shall not, and shall not permit Parent or any other Loan Party to or other Subsidiary to, enter into or become obligated in respect of, Derivatives Contracts, Contracts other than (a) Specified Derivatives Contracts or (b) Derivatives Contracts entered into by the Parent, the Borrower or a Borrower, any other Loan Party or other Subsidiary in the ordinary course of business and which establish an effective hedge in respect of liabilities, commitments or assets held or reasonably anticipated by the Parent, the Borrower or a Loan Party (including, without limitation, liabilities under this Agreement).such Person. ​

Appears in 1 contract

Sources: Credit Agreement (CubeSmart, L.P.)

Derivatives Contracts. The Parent Guarantor and the Borrower shall not, and shall not permit Parent or any other Loan Party or other Subsidiary to enter into or become obligated in respect of, Derivatives Contracts, other than (a) Specified Derivatives Contracts or (b) Derivatives Contracts entered into by the ParentParent Guarantor, the Borrower or a Borrower, any other Loan Party or other Subsidiary in the ordinary course of business and which establish an effective hedge in respect of liabilities, commitments or assets held or reasonably anticipated by the ParentParent Guarantor, the Borrower or a Borrower, any other Loan Party (including, without limitation, liabilities under this Agreement).or other Subsidiary. · DEFAULT

Appears in 1 contract

Sources: Term Loan Agreement (RLJ Lodging Trust)

Derivatives Contracts. The Parent and the Borrower shall not, and shall not permit Parent or any other Loan Party to or any other Subsidiary to, enter into or become obligated in respect of, Derivatives Contracts, other than (a) Specified Derivatives Contracts or (b) Derivatives Contracts entered into by the Parent, the Borrower or a Borrower, such Loan Party or such Subsidiary in the ordinary course of business and which establish an effective hedge in respect of liabilities, commitments or assets held or reasonably anticipated by the Parent, the Borrower or a Loan Party (including, without limitation, liabilities under this Agreement).ordinary

Appears in 1 contract

Sources: Credit Agreement (Equity Lifestyle Properties Inc)

Derivatives Contracts. The Parent and the Borrower shall not, and shall not permit Parent or any other Loan Party or other Subsidiary to enter into or become obligated in respect of, Derivatives Contracts, other than (a) Specified Derivatives Contracts or (b) Derivatives Contracts entered into by the Parent, the Borrower or a Borrower, such Loan Party or such Subsidiary in the ordinary course of business and which establish an effective hedge in respect of liabilities, commitments or assets held or reasonably anticipated by the Parent, the Borrower or a Loan Party (including, without limitation, liabilities under this Agreement)not for speculative purposes.

Appears in 1 contract

Sources: Credit Agreement (Pacific Office Properties Trust, Inc.)

Derivatives Contracts. The Parent and the Borrower shall not, and shall not permit Parent or any other Loan Party to or any other Subsidiary to, enter into or become obligated in respect of, Derivatives Contracts, other than (a) Specified Derivatives Contracts or (b) Derivatives Contracts entered into by the Parent, the Borrower or a Borrower, any such Loan Party or any such Subsidiary in the ordinary course of business and which establish an effective hedge in respect of liabilities, commitments or assets held or reasonably anticipated by the Parent, the Borrower or a Loan Party (including, without limitation, liabilities under this Agreement).or

Appears in 1 contract

Sources: First Amendment to Sixth Amended and Restated Credit Agreement (DiamondRock Hospitality Co)

Derivatives Contracts. The Parent and the Borrower shall not, and shall not permit Parent or any other Loan Party to or any other Subsidiary to, enter into or become obligated in respect of, of Derivatives Contracts, Contracts other than (a) Specified Derivatives Contracts or (b) Derivatives Contracts entered into by the Parent, the Borrower or a Borrower, any such Loan Party or any such Subsidiary in the ordinary course of business and which establish an effective hedge in respect of liabilities, commitments or assets held or reasonably anticipated by the Parent, the Borrower or a Borrower, such other Loan Party (including, without limitation, liabilities under this Agreement).or such other Subsidiary. ​

Appears in 1 contract

Sources: Credit Agreement (Sunstone Hotel Investors, Inc.)