Forward Commitments. All outstanding forward commitments by or on behalf of the Vendor for the purchase or sale of the Inventories have been made in accordance with established price lists of the Vendor or its suppliers, or if otherwise, then in accordance with the Vendor's normal business custom in varying those established price lists.
Forward Commitments. All forward commitments which have been entered into by the Corporation and which remain unfulfilled have been entered into in the ordinary course of the Business.
Forward Commitments. EMPLOYEE agrees not to enter into any forward loan commitments or other agreements with any individual, partnership, limited liability company, joint venture, association, trust or unincorporated organization, investor, company, vendor or supplier
Forward Commitments. The Carrier shall, upon receipt of notice of termination of the Charter Agreement under paragraph 8 above, bring the Charter Agreement to a close in a prompt and orderly manner and reduce all expenses to a minimum and shall not undertake any forward or further commitments in connection with the Charter Agreement.
Forward Commitments. All forward commitments which have been entered into by the Buyer and which remain unfulfilled have been entered into in the ordinary course of the business of the Buyer.
Forward Commitments. All forward commitments by or to Opco for inventories, supplies or services for use in connection with the Business (whether or not there are any contracts in writing with respect thereto) which are in existence as of the date of this Agreement have been entered into by it in the ordinary course of business and upon terms and conditions consistent with the Opco's usual past practices.
Forward Commitments. Forward commitments for the purchase or sale of securities may include purchases on a "when- issued" basis or purchases or sales on a "delayed delivery" basis. In some cases, a forward commitment may be conditioned upon the occurrence of a subsequent event, such as approval and consummation of a merger, corporate reorganization or debt restructuring (i.e., a "when, as and if issued" trade). When forward commitment transactions are negotiated, the price is fixed at the time the commitment is made, but delivery and payment for the securities take place at a later date. Normally, the settlement date occurs within two months after the transaction, but settlements beyond two months may be negotiated. Securities purchased or sold under a forward commitment are subject to market fluctuation, and no interest or dividends accrue to the purchaser prior to the settlement date. At the time the Portfolio intends to enter into a forward commitment, it records the transaction and thereafter reflects the value of the security purchased or, if a sale, the proceeds to be received, in determining its net asset value. Any unrealized appreciation or depreciation reflected in such valuation of a "when, as and if issued" security would be canceled in the event that the required conditions did not occur and the trade was canceled. The use of forward commitments enables the Portfolio to protect against anticipated changes in interest rates and prices. For instance, in periods of rising interest rates and falling bond prices, the Portfolio might sell securities in its portfolio on a forward commitment basis to limit its exposure to falling prices. In periods of falling interest rates and rising bond prices, the Portfolio might sell a security in its portfolio and purchase the same or a similar security on a when-issued or forward commitment basis, thereby obtaining the benefit of currently higher cash yields. However, if the Adviser were to forecast incorrectly the direction of interest rate movements, the Portfolio might be required to complete such when-issued or forward transactions at prices inferior to the then current market values. When-issued securities and forward commitments may be sold prior to the settlement date, but the Portfolio enters into when-issued and forward commitments only with the intention of actually receiving securities or delivering them, as the case may be. If the Portfolio chooses to dispose of the right to acquire a when-issued security prior to its a...
Forward Commitments. Neither PBI nor the Bank has any legally binding forward commitments to make any loan or to extend any credit including letters of credit extended in the ordinary course of business and commitment letters other than as set forth in its most recent Call Report or Financial Report.
Forward Commitments. All forward commitments by or to the Corporation for supplies or services for use in connection with the Business (whether or not there are any contracts in writing with respect thereto) which are in existence as of the date of this Agreement have been entered into by it in the ordinary course of business and upon terms and conditions consistent with the Corporations' usual past practices.
Forward Commitments. All outstanding forward commitments by or on behalf of Northland Packaging for the purchase or sale of its inventories have been made in; accordance with its normal business custom; Equipment
