Common use of No Speculative Transactions Clause in Contracts

No Speculative Transactions. No Credit Party shall engage in any transaction involving commodity options, futures contracts or similar transactions.

Appears in 5 contracts

Sources: Debtor in Possession Credit Agreement (American Apparel, Inc), Restructuring Support Agreement (American Apparel, Inc), Credit Agreement (Otelco Inc.)

No Speculative Transactions. No Credit Party shall engage in any transaction involving commodity options, futures contracts or similar transactions, except solely to hedge in the ordinary course of business.

Appears in 4 contracts

Sources: Secured Super Priority Debtor in Possession Credit Agreement (Delta Air Lines Inc /De/), Secured Super Priority Debtor in Possession Credit Agreement (Delta Air Lines Inc /De/), Secured Debtor in Possession Credit Agreement (Delta Air Lines Inc /De/)

No Speculative Transactions. No Credit Party shall engage in any transaction involving commodity options, futures contracts or similar transactions, except for non-speculative ▇▇▇▇▇▇ of risks in the ordinary course of business.

Appears in 2 contracts

Sources: Credit Agreement (PetIQ, Inc.), Credit Agreement (PetIQ, Inc.)

No Speculative Transactions. No Credit Party shall, nor shall it permit any of its Subsidiaries to, engage in any transaction involving commodity options, futures contracts or similar transactionstransactions for speculative purposes.

Appears in 2 contracts

Sources: Credit Agreement (Kmart Holding Corp), Credit Agreement (Kmart Holding Corp)

No Speculative Transactions. No Credit Party shall engage in any ---------------------------- transaction involving commodity options, futures contracts or similar transactions.

Appears in 1 contract

Sources: Credit Agreement (American Eco Corp)

No Speculative Transactions. No Credit Party shall engage in any transaction involving commodity options, futures contracts or similar transactions, except interest swaps.

Appears in 1 contract

Sources: Credit Agreement (Tefron LTD)

No Speculative Transactions. No Credit Party shall engage in any transaction involving commodity options, futures contracts contracts, interest swaps, caps, collars or similar transactions.

Appears in 1 contract

Sources: Credit Agreement (Lynch Corp)