Forward Contracts. The Parties acknowledge and agree that all Transactions constitute “forward contracts” within the meaning of the United States Bankruptcy Code and the Parties further acknowledge and agree that BUYER and SELLER are each “forward contract merchants” within the meaning of the United States Bankruptcy Code.
Appears in 2 contracts
Samples: Fuel Oil Purchase Contract, Fuel Oil Purchase Contract
Forward Contracts. The Parties acknowledge and agree that all Transactions the transactions contemplated in this Agreement constitute a “forward contractscontract” within the meaning of the United States Bankruptcy Code Code, and the Parties further acknowledge and agree that BUYER and SELLER are each Party is a “forward contract merchantsmerchant” within the meaning of the United States Bankruptcy Code.
Appears in 2 contracts
Samples: Gas Gathering Agreement, Gas Gathering Agreement (GMX Resources Inc)