Trading Contracts. (i) Power and Hedging Contracts, including Credit Support Agreements, and ML Guarantees each executed and delivered by the parties thereto with respect to all Core Counterparties, with the obligations of the parties thereunder being subject only to the delivery of the Effectiveness Notices, and (ii) evidence satisfactory to REPS of the delivery of the Effectiveness Notices.
Trading Contracts. Subject to Section 2.8, the Seller agrees to sell to the Purchaser, free and clear of all Encumbrances (except Permitted Encumbrances), and the Purchaser agrees to purchase from the Seller, by way of novation, all of the rights, title and interests of the Seller in, and assume all of the Liabilities of the Seller under, each of the Trading Contracts, in each case, with effect from 11:59 p.m. New York City time on the Novation Date with respect to each of such Trading Contract;
Trading Contracts. (a) On the terms and subject to the conditions set forth herein and subject to Section 2.8(f) with respect to Interbook Trades, on the Novation Date with respect to any Trading Contract, the Seller shall convey, assign and transfer to, and the Purchaser or one of its Affiliates shall receive from, undertake and assume, such Trading Contract, in each case, pursuant to a Novation Agreement by and among the Seller, the Purchaser and the Counterparty to each of such Trading Contracts. To the extent that the transfer of any of the Trading Contracts to the Purchaser requires the Consent of a Third Party or Governmental Authorization, the Seller and the Purchaser shall use commercially reasonable efforts, and cooperate with each other, to obtain promptly the relevant Consent or Governmental Authorization prior to the Closing Date.
Trading Contracts. 94 Section 6.19 Matters Relating to Keystone and Conemaugh................. 95
Trading Contracts. On or prior to the Closing Date, the Sellers shall cause Sithe Power Marketing, and Guarantor shall cause Reliant Energy Services, Inc. ("RES") to enter into "back-to-back" Contracts pursuant to which Sithe Power Marketing shall purchase from (or sell to) RES any fuel, electricity, capacity or related products required to be sold by (or purchased by) Sithe Power Marketing, as the case may be, pursuant to each Trading Contract on substantially the same terms and conditions as are applicable to Sithe Power Marketing under such Trading Contract. The Sellers shall use reasonable efforts to cause Sithe Power Marketing to enter into the Trading Contracts described in Section 6.5.2(f)(v)(B) using the form of enabling agreement provided to the Sellers by Buyer with such changes thereto as shall be mutually acceptable to RES and Sithe Power Marketing.
Trading Contracts. Save as disclosed prior to this Agreement, the NZR Group Companies have duly observed and performed the terms and conditions on their parts to be observed and performed under all trading contracts. THE REDACTED PORTION OF THIS DOCUMENT HAS BEEN OMITTED PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT AND SUCH REDACTED INFORMATION HAS BEEN FILED SEPARATELY WITH THE COMMISSION
Trading Contracts. Save as disclosed prior to this Agreement, the Group Companies have duly observed and performed the terms and conditions on its part to be observed and performed under its trading contracts.
Trading Contracts. Section 3.19 of the Disclosure Schedule sets forth a list of all Trading Contracts to which any Acquired Company was a party as of the date hereof. All such Trading Contracts set forth on Section 3.19 of the Disclosure Schedule that have been entered into by any of the Acquired Companies have been: (a) in the ordinary course of business, (b) for the purpose of meeting the Acquired Companies’ retail load obligations or hedging exposure or managing price risk arising out of such obligations, and (c) in compliance with the trading policies of the Business. Parent has delivered or made available to the Purchaser true and correct copies of each of the Trading Contracts.
Trading Contracts. (a) On Closing or as soon as practicable thereafter, the Investors shall replace all existing security for Trading Contracts and Replacement Contracts, including security provided by DTI, with security provided by one or more of the Investors. If the Investors are not able to replace any security provided by DTI for Trading Contracts at Closing and such security is called upon subsequent to Closing, any indebtedness of BPLP resulting from such DTI security being called upon shall be the responsibility of the Investors and not BE or XXXXX.
