Common use of Treasury Transactions Clause in Contracts

Treasury Transactions. No Obligor shall (and the Company will procure that no members of the Group will) enter into any Treasury Transaction, other than: (a) any Treasury Transaction documented by a Hedging Agreement provided that such Hedging Agreement is entered into in the ordinary course of business and not for speculative purposes; (b) spot and forward delivery foreign exchange contracts entered into in the ordinary course of business and not for speculative purposes; and (c) any Treasury Transaction entered into for the hedging of actual or projected real exposures arising in the ordinary course of business and not for speculative purposes.

Treasury Transactions. No Obligor shall (and the Company will procure that no members other member of the Group will) enter into any Treasury Transaction, other than: (a) any Treasury Transaction the hedging transactions documented by a the Hedging Agreement provided that such Documents in accordance with the Hedging Agreement is entered into in the ordinary course of business and not for speculative purposesLetter; (b) spot and forward delivery foreign exchange contracts entered into in the ordinary course of business and not for speculative purposes; and (c) any Treasury Transaction entered into for the hedging of actual or projected real exposures arising in the ordinary course of business trading activities of a member of the Group and not for speculative purposes.

Treasury Transactions. No Obligor shall (and the Company Parent will procure that no members of the Group will) enter into any Treasury Transaction, other than: (a) any Treasury Transaction hedging transactions documented by a the Hedging Agreement provided that such Hedging Agreement is entered into in the ordinary course of business and not for speculative purposesAgreements; (b) spot and forward delivery foreign exchange contracts entered into in the ordinary course of business and not for speculative purposes; and (c) any Treasury Transaction entered into for the hedging of actual or projected real exposures arising in the ordinary course of business trading activities of a member of the Group and not for speculative purposes.

Treasury Transactions. No Obligor shall (and the Company Parent Guarantor will procure ensure that no members member of the Group will) enter into any Treasury Transaction, other than: (a) any Treasury Transaction the hedging transactions contemplated by the Hedging Letter (as defined in the Bank Facilities Agreement as in effect on the date hereof) and documented by a the Hedging Agreement provided that such Hedging Agreement is entered into (as defined in the ordinary course of business and not for speculative purposesBank Facilities Agreement as in effect on the date hereof); (b) spot and forward delivery foreign exchange contracts entered into in the ordinary course of business and not for speculative purposes; and (c) any Treasury Transaction entered into for the hedging of actual or projected real exposures arising in the ordinary course of business trading activities of a member of the Group and not for speculative purposes.

Treasury Transactions. No Obligor shall (and the Company will procure ensure that no members member of the Group will) enter into any Treasury Transaction, other than: (a) any Treasury Transaction the hedging transactions contemplated by the Hedging Letter and documented by a the Hedging Agreement provided that such Hedging Agreement is entered into in the ordinary course of business and not for speculative purposesAgreements; (b) spot and forward delivery foreign exchange contracts entered into in the ordinary course of business and not for speculative purposes; and (c) any Treasury Transaction entered into for the hedging of actual or projected real exposures arising in the ordinary course of business trading activities of a member of the Group and not for speculative purposes.

Treasury Transactions. No Obligor shall (and the Company will procure ensure that no members member of the Group will) enter into any Treasury Transaction, other than: (a) any Treasury Transaction documented by a Hedging Agreement provided that such Hedging Agreement is entered into hedging of the interest rate liabilities of the Borrowers in respect of the ordinary course of business and not for speculative purposesFacilities; (b) spot and forward delivery foreign exchange contracts entered into in the ordinary course of business and not for speculative purposes; and (c) any Treasury Transaction entered into for the hedging of actual or projected real exposures arising in the ordinary course of business trading activities of a member of the Group and not for speculative purposes.

Treasury Transactions. No Obligor shall (and the Company Parent Guarantor will procure ensure that no members member of the Group will) enter into any Treasury Transaction, other than: (a) any Treasury Transaction documented by a Hedging Agreement provided that such Hedging Agreement is entered into in hedging of the ordinary course interest rate liabilities of business and not for speculative purposesthe borrowers under the Bank Facilities Agreement; (b) spot and forward delivery foreign exchange contracts entered into in the ordinary course of business and not for speculative purposes; and (c) any Treasury Transaction entered into for the hedging of actual or projected real exposures arising in the ordinary course of business trading activities of a member of the Group and not for speculative purposes.

Treasury Transactions. No Unless agreed or notified otherwise by the Lender, no Obligor shall (and the Company Parent will procure that no members other member of the Group will) enter into any Treasury Transaction, other than:than (unless the Lender has notified or specified otherwise): (a) any Treasury Transaction documented by a Hedging Agreement provided that such Hedging Agreement is entered into in the ordinary course of business and not for speculative purposes; (b) spot and forward delivery foreign exchange contracts entered into in the ordinary course of business and not for speculative purposes; and (cb) any Treasury Transaction entered into for the hedging of actual or projected real exposures arising in the ordinary course of business trading activities of a member of the Group and not for speculative purposes.

Treasury Transactions. (a) No Obligor shall (and the Company Parent will procure that no members member of the Group will) enter into any Treasury Transaction, other than: (ai) any Treasury Transaction documented by a Hedging Agreement provided that such Hedging Agreement is hedging transactions entered into to hedge the risk of movement in interest rates and/or exchange rates in the ordinary course of business (and not for speculative purposes;) including the hedging transactions documented by the Hedging Agreements; and (bii) spot and forward delivery foreign exchange contracts entered into in the ordinary course of business and not for speculative purposes; and. (cb) any Treasury Transaction entered into for the hedging of actual or projected real exposures arising in the ordinary course of business and not for speculative purposes.[Intentionally blank]