Financial Contracts. The Borrower will not, nor will it permit any Subsidiary to, enter into or remain liable upon any Financial Contract, except Rate Management Obligations permitted under Section 6.11(iii).
Appears in 2 contracts
Sources: Credit Agreement (Centex Construction Products Inc), Credit Agreement (Centex Construction Products Inc)
Financial Contracts. The Borrower will not, nor will it permit any Subsidiary to, enter into or remain liable upon any Financial Contract, except except: (i) Rate Management Obligations permitted Hedging Agreements required under Section 6.11(iii)6.20 and (ii) other Financial Contracts to hedge fluctuations in interest rates, exchange rates and commodity prices and which are not for purposes of financial speculation.
Appears in 2 contracts
Sources: Credit Agreement (Aetna Industries Inc), Credit Agreement (Aetna Industries Inc)
Financial Contracts. The Borrower will not, nor will it permit any Subsidiary to, enter into or remain liable upon any Financial Contract, except Rate Management Obligations permitted under Section 6.11(iii)6.11.
Appears in 2 contracts
Sources: Credit Agreement (Viad Corp), Credit Agreement (Viad Corp)
Financial Contracts. The Borrower will not, nor will it permit any Subsidiary to, enter into or remain liable upon any Financial Contract, except Rate Management Obligations Hedging Agreements permitted under Section 6.11(iii)6.11 and any other Financial Contract not entered into for purpose of market speculation.
Appears in 1 contract
Financial Contracts. The Borrower will not, nor will it permit any Subsidiary to, enter into or remain liable upon any Financial Contract, except (i) Rate Management Obligations permitted Transactions required under Section 6.11(iii)6.22 and (ii) other Financial Contracts pursuant to which the Borrower or any Subsidiary has hedged its reasonably estimated interest rate, foreign currency or commodity exposure.
Appears in 1 contract