Limitation on Certain Agreements. Enter into Petroleum Price Hedge Agreements or Interest Rate Protection Agreements, except where such agreements are entered into in the ordinary course of business and not for speculative purposes; provided that in the event that the Borrower enters into a Petroleum Price Hedge Agreement or Interest Rate Protection Agreement with a Lender, or an Affiliate thereof, the net liabilities of the Borrower under such Petroleum Price Hedge
Appears in 1 contract
Sources: Credit Agreement (Brown Tom Inc /De)
Limitation on Certain Agreements. Enter into Petroleum Price Hedge Agreements or Interest Rate Protection Agreements, except where such agreements are entered into in the ordinary course of business and not for speculative purposes; provided that in the event that the Borrower enters into a Petroleum Price Hedge Agreement or Interest Rate Protection Agreement with a Lender, or an Affiliate thereof, the net liabilities of the Borrower Boffower under such Petroleum Price HedgeHedge Agreement or Interest Rate Protection Agreement will rank pari passu with the Borrower's indebtedness under this Agreement.
Appears in 1 contract
Sources: Credit Agreement (Brown Tom Inc /De)