Common use of Pre-Existing Contracts Clause in Contracts

Pre-Existing Contracts. If § 1.2 (Pre-Existing Contracts) is specified as applying in the Election Sheet, each transaction between the Parties regarding the purchase, sale, delivery and acceptance of Natural Gas, including Options on such transactions, entered into before the Effective Date but which remain either not yet fully or partially performed by one or both Parties, is deemed to be an Individual Contract under the Agreement.

Appears in 6 contracts

Samples: General Agreement, General Agreement, General Agreement

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Pre-Existing Contracts. If § 1.2 (Pre-Existing Contracts) is specified as applying in the Election Sheet, each transaction between the Parties regarding the purchase, sale, delivery and acceptance of Natural Gaselectricity, including Options on such transactions, entered into before the Effective Date but which remain either not yet fully or partially performed by one or both Parties, is deemed to be an Individual Contract under the Agreement.

Appears in 2 contracts

Samples: General Agreement, General Agreement

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Pre-Existing Contracts. If § 1.2 (Pre-Existing Contracts) is specified as applying in the Election Sheet, each transaction between the Parties regarding the purchase, sale, delivery Delivery and acceptance of Natural Gas, including Options on such transactions, Certificates entered into before the Effective Date but which remain remains either not yet fully or partially performed by one or both Parties, is deemed to be an Individual Contract under the Agreement.

Appears in 1 contract

Samples: Certificate Master Agreement

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