Treasury Transactions. No Obligor shall (and Parent shall ensure that no other member of the Group will) 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 business of a member of the Group and not for speculative purposes.
Appears in 4 contracts
Sources: Term Loan Credit Agreement (CGG), Credit Agreement (CGG), Amendment and Restatement Agreement (CGG)
Treasury Transactions. No Obligor shall (and Parent shall ensure that no other member of the Group will) 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 purposes; and (b) any Treasury Transaction entered into for the hedging of actual or projected real exposures arising in the ordinary course business of a member of the Group and not for speculative purposes.
Appears in 2 contracts
Sources: Credit Agreement (CGG Veritas), Credit Agreement (CGG Veritas)
Treasury Transactions. No Obligor shall (and Parent shall ensure the Company will procure that no other member of the Group will) enter into any Treasury Transaction, other than than:
(a) spot and forward delivery foreign exchange contracts entered into in the ordinary course of business of a member of the Group and not for speculative purposes and purposes;
(b) any Treasury Transaction entered into for the hedging of actual or projected real exposures arising in the ordinary course business of trading activities of a member of the Group (and not for speculative purposes).
Appears in 2 contracts
Sources: Senior Facilities Agreement (Sirona Dental Systems, Inc.), Senior Facilities Agreement (Sirona Dental Systems, Inc.)
Treasury Transactions. No Obligor shall (and Parent shall ensure the Borrower will procure that no other member members of the Group will) enter into any Treasury Transaction, other than than:
(ai) spot and forward delivery foreign exchange contracts entered into in the ordinary course of business and not for speculative purposes and purposes; and
(bii) any Treasury Transaction entered into for the hedging of actual or projected real exposures arising in the ordinary course business of trading activities of a member of the Group for a period of not more than 12 months and not for speculative purposes.
Appears in 1 contract
Sources: Single Currency Term Facility Agreement (General Geophysics Co)
Treasury Transactions. No Obligor shall (and Parent shall ensure the Company will procure that no other member members of the Group willshall) enter into any Treasury Transaction, Transaction other than than:
(a) spot and forward delivery foreign exchange contracts entered into in the ordinary course of business and not for speculative purposes and purposes; and
(b) any Treasury Transaction entered into for the hedging of actual or projected real exposures arising in the ordinary course of business of a member of the Group and not for speculative purposes.
Appears in 1 contract
Sources: Multicurrency Revolving Facility Agreement (Markit Ltd.)
Treasury Transactions. No Obligor shall (and Parent the Borrower shall ensure that no other member of the Group will) enter into any Treasury Transaction, other than than:
(ai) spot and forward delivery foreign exchange contracts entered into in the ordinary course of business and not for speculative purposes and purposes; and
(bii) any Treasury Transaction entered into for the hedging of actual or projected real exposures arising in the ordinary course business of a member of the Group and not for speculative purposes.
Appears in 1 contract