Common use of Treasury Transactions Clause in Contracts

Treasury Transactions. No Obligor shall enter into any Treasury Transaction, other than: (a) spot and forward delivery foreign exchange contracts entered into in the ordinary course of business and not for speculative purposes; and (b) any Treasury Transaction entered into for the hedging of actual or projected real exposures arising in the ordinary course of trading activities of a member of the Group for a period of not more than twelve months and not for speculative purposes.

Treasury Transactions. No Obligor shall (and the Borrower will procure that no members of the Group will) enter into any Treasury Transaction, other than: (ai) spot and forward delivery foreign exchange contracts entered into in the ordinary course of business and not for speculative purposes; and (bii) any Treasury Transaction entered into for the hedging of actual or projected real exposures arising in the ordinary course of trading activities of a member of the Group for a period of not more than twelve 12 months and not for speculative purposes.

Treasury Transactions. No Obligor other than the Parent shall enter into any Treasury Transaction, other than: (a) spot and forward delivery foreign exchange contracts entered into in the ordinary course of business and not for speculative purposes; and (b) any Treasury Transaction entered into for the hedging of actual or projected real exposures arising in the ordinary course of trading activities of a member of the Group for a period of not more than twelve months and not for speculative purposes.

Treasury Transactions. No Obligor shall enter into any Treasury Transaction, other than: (a) spot and forward delivery foreign exchange contracts entered into in the ordinary course of business and not for speculative purposes; and (b) any Treasury Transaction entered into for the hedging of actual or projected real exposures arising in the ordinary course of trading activities of a member of the Group an Obligor for a period of not more than twelve 6 months and not for speculative purposes.

Treasury Transactions. No Obligor shall enter into any Treasury Transaction, other than: (a) spot and forward delivery foreign exchange contracts entered into in the ordinary course of business and not for speculative purposes; and (b) any Treasury Transaction entered into for the hedging of actual or projected real exposures arising in the ordinary course of its trading activities of a member of the Group for a period of not more than twelve (12) months and not for speculative purposes.