Common use of Bankruptcy Acknowledgements Clause in Contracts

Bankruptcy Acknowledgements. The Parties intend that each Transaction shall constitute a “forward contract” under § 101(25) and a swap agreement under § 101(53b) of Title 11 of the United States Code, 11 U.S.C. § 101 et seq., as amended from time to time (the “Bankruptcy Code”), and that this Agreement constitutes a “master netting agreement” under § 101(38a) of the Bankruptcy Code, and that the rights of the Performing Party in Section 9 include the rights referred to in § 561(a) of the Bankruptcy Code. Further, the Parties intend that each Party shall be a “forward contract merchant” under § 101(26) and a “master netting agreement participant” under § 101(38B), for purposes of the Bankruptcy Code.

Appears in 4 contracts

Samples: Leap Master Agreement for Purchasing and Selling Low Carbon Fuel Standard Credits, Leap Master Agreement for Purchasing and Selling Oregon Clean Fuels Program Credits, Leap Master Agreement for Purchasing and Selling Low Carbon Fuel Standard Credits

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Bankruptcy Acknowledgements. The Parties intend that each Transaction shall constitute a “forward contract” under § 101(25) and a swap agreement under § 101(53b) of Title 11 of the United States Code, 11 U.S.C. §§ 101 et seq., as amended from time to time (the “Bankruptcy Code”), and that this Agreement constitutes a “master netting agreement” under § 101(38a) of the Bankruptcy Code, and that the rights of the Performing Party in Section 9 include the rights referred to in § 561(a) of the Bankruptcy Code. Further, the Parties intend that each Party shall be a “forward contract merchant” under § 101(26) and a “master netting agreement participant” under § 101(38B), for purposes of the Bankruptcy Code.

Appears in 3 contracts

Samples: Leap Master Agreement for Purchasing and Selling Renewable Identification Numbers, Leap Master Agreement for Purchasing and Selling Renewable Identification Numbers, Leap Master Agreement for Purchasing and Selling Renewable Identification Numbers

Bankruptcy Acknowledgements. The Parties intend that each Transaction shall constitute a “forward contract” under § 101(25) and a swap agreement under § 101(53b1 01(53b) of Title 11 of the United States Code, 11 U.S.C. § 101 et seq., as amended from time to time (the “Bankruptcy Code”), and that this Agreement constitutes a “master netting agreement” under § 101(38a) of the Bankruptcy Code, and that the rights of the Performing Party in Section 9 include the rights referred to in § 561(a) of the Bankruptcy Code. Further, the Parties intend that each Party shall be a “forward contract merchant” under § 101(26) and a “master netting agreement participant” under § 101(38B), for purposes of the Bankruptcy Code.

Appears in 2 contracts

Samples: Master Agreement for Purchasing and Selling Low Carbon Fuel Standard Credits, Master Agreement for Purchasing and Selling Low Carbon Fuel Standard Credits

Bankruptcy Acknowledgements. The Parties intend that each Transaction shall constitute a “forward contract” under § 101(25) and a swap agreement under § 101(53b) of Title 11 of the United States Code, 11 U.S.C. §§ 101 et seq., as amended from time to time (the “Bankruptcy Code”), and that this Agreement constitutes a “master netting agreement” under § 101(38a) of the Bankruptcy Code, and that the rights of the Performing Party in Section 9 8 include the rights referred to in § 561(a) of the Bankruptcy Code. Further, the Parties intend that each Party shall be a “forward contract merchant” under § 101(26) and a “master netting agreement participant” under § 101(38B), for purposes of the Bankruptcy Code.

Appears in 1 contract

Samples: Master Agreement for Purchasing and Selling Refined Petroleum Products and Crude Oil

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Bankruptcy Acknowledgements. The Parties intend that each Transaction this Agreement shall constitute a “forward contract” under § 101(25) and a swap agreement under § 101(53b) of Title 11 of the United States Code, 11 U.S.C. §§ 101 et seq., as amended from time to time (the “Bankruptcy Code”), and that this Agreement constitutes a “master netting agreement” under § 101(38a) of the Bankruptcy Code, and that the rights of the Performing Party in Section 9 8 include the rights referred to in § 561(a) of the Bankruptcy Code. Further, the Parties intend that each Party shall be a “forward contract merchant” under § 101(26) and a “master netting agreement participant” under § 101(38B), for purposes of the Bankruptcy Code.

Appears in 1 contract

Samples: Leap Rins Single Trade Agreement

Bankruptcy Acknowledgements. The Parties intend that each Transaction shall constitute a “forward contract” under § §101(25) and a swap agreement under § §101(53b) of Title 11 of the United States Code, 11 U.S.C. § 101 et seq., as amended from time to time (the “Bankruptcy Code”), and that this Agreement constitutes a “master netting agreement” under § §101(38a) of the Bankruptcy Code, and that the rights of the Performing Party in Section 9 include the rights referred to in § §561(a) of the Bankruptcy Code. Further, the Parties intend that each Party shall be a “forward contract merchant” under § §101(26) and a “master netting agreement participant” under § §101(38B), for purposes of the Bankruptcy Code.

Appears in 1 contract

Samples: Leap Master Agreement for Purchasing and Selling Low Carbon Fuel Standard Credits

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