Common use of Hedge Contracts Clause in Contracts

Hedge Contracts. On the Closing Date, no Borrower is party to any Hedge Contract, except a Permitted Hedge Contract.

Appears in 2 contracts

Sources: Credit and Security Agreement (Memry Corp), Credit and Security Agreement (Omni Energy Services Corp)

Hedge Contracts. On the Closing Date, the Borrower will not, and no Borrower is Subsidiary will, be party to any Hedge Contract, except a Permitted Hedge Contract.

Appears in 1 contract

Sources: Credit Agreement (Precision Aerospace Components, Inc.)