Common use of Net Position Clause in Contracts

Net Position. At no time will the Borrower allow the Net Position with respect to natural gas and crude oil/distillates to exceed the amounts specified below: Borrowing Base Sub-Cap in Effect Net Position for Natural Gas May Not Exceed Net Position for Crude Oil and Distillates for Crude Blending May Not Exceed (q) Section 8.15 (Unhedged Transportation Exposure). Section 8.15 is amended to read as follows:

Net Position. At no time will the Borrower allow the Net Position with respect to natural gas and crude oil/distillates to exceed the amounts specified below: Borrowing Base Sub-Cap in Effect Net Position for Natural Gas May Not Exceed Net Position for Crude Oil and Distillates for Crude Blending May Not Exceed (q) Section 8.15 (Unhedged Transportation Exposure). Section 8.15 is amended to read as follows:Exceed