Hedging Obligations. The Borrower shall not, and shall not permit any of its Subsidiaries to, enter into any Hedging Arrangement, except that the Borrower or any Subsidiary may enter into any Hedging Arrangement that (a) is of a non-speculative nature, (b) is for the purpose of hedging the Borrower's or such Subsidiary's reasonably estimated interest rate, foreign currency or commodity exposure and (c) in the case of the Borrower or any Domestic Subsidiary, is with a Lender.
Appears in 3 contracts
Sources: Revolving Credit and Term Loan Agreement (Quiksilver Inc), Revolving Credit and Term Loan Agreement (Quiksilver Inc), Revolving Credit Agreement (Quiksilver Inc)
Hedging Obligations. The Borrower shall not, and shall not permit any of its Subsidiaries to, enter into incur any Hedging ArrangementObligation, except that the Borrower or any Subsidiary may enter into any Hedging Arrangement Obligation that (ai) is of a non-speculative nature, nature and (bii) is for the purpose of hedging the Borrower's ’s or such Subsidiary's ’s reasonably estimated interest rate, foreign currency or commodity exposure and (c) in the case of the Borrower or any Domestic Subsidiary, is with a Lenderrate exposure.
Appears in 2 contracts
Sources: Credit Agreement (Physicians Formula Holdings, Inc.), Credit Agreement (Physicians Formula Holdings, Inc.)
Hedging Obligations. The Borrower shall not, and shall not permit any of its Subsidiaries to, enter into incur any Hedging ArrangementObligation, except that the Borrower or any Subsidiary may enter into any Hedging Arrangement Obligation that (ai) is of a non-speculative nature, nature or (bii) is for the purpose of hedging the Borrower's ’s or such Subsidiary's ’s reasonably estimated interest rate, foreign currency or commodity exposure and (c) in the case of the Borrower or any Domestic Subsidiary, is with a Lenderprices exposure.
Appears in 2 contracts
Sources: Loan and Security Agreement (Freshpet, Inc.), Loan and Security Agreement (Freshpet, Inc.)
Hedging Obligations. The Borrower shall not, and shall not permit any of its Subsidiaries to, enter into any Hedging ArrangementAgreement, except that the Borrower or any Subsidiary may enter into any Hedging Arrangement Agreement that (a) is of a non-speculative nature, nature and (b) is for the purpose of hedging the Borrower's or such Subsidiary's reasonably estimated interest rate, foreign currency or commodity exposure and (c) in the case of the Borrower or any Domestic Subsidiary, is with a Lenderexposure.
Appears in 1 contract
Sources: Term Loan Agreement (Quiksilver Inc)
Hedging Obligations. The Borrower shall not, and shall not permit any of its Restricted Subsidiaries to, enter into incur any Hedging ArrangementObligation, except that the Borrower or any Restricted Subsidiary may enter into any Hedging Arrangement Obligation that (ai) is of a non-speculative Table of Contents nature, or (bii) is for the purpose of hedging the Borrower's ’s or such Restricted Subsidiary's ’s reasonably estimated interest rate, foreign currency or commodity exposure and (c) in the case of the Borrower or any Domestic Subsidiary, is with a Lenderprices exposure.
Appears in 1 contract
Sources: Credit Agreement (J2 Global, Inc.)