Alternative Delivery Procedure definition

Alternative Delivery Procedure means the procedure prescribed under Section 7;

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Alternative Delivery Procedure means an agreement between the Seller and the Buyer in or “ADP” accordance with Rule IIII.13, which has been duly notified by the Seller and the Buyer to the Clearing

Alternative Delivery Procedure or "ADP" means that the Parties have agreed to make and accept deliveries of Gas under a NYMEX Gas Futures Contract under terms that are different from the delivery terms specified in the Futures Contract and have notified NYMEX that the transaction will be completed under the Alternative Delivery Procedure as provided in the NYMEX Rules. ADP shall incorporate the meaning and remedies of Priority Firm as described herein.

Examples of Alternative Delivery Procedure in a sentence

The Alternative Delivery Procedure Transaction will be subject to the additional terms under the Special Provisions for EFP and ADP Transactions.
Notwithstanding this Specifications, a Seller and ▇▇▇▇▇ who have been Matched may agree to make and take delivery of their Matched positions pursuant to an Alternative Delivery Procedure.
Notwithstanding the TSR20 CS, a Buyer and Seller who have been Matched may agree to make and take delivery of any Delivery Unit pursuant to an Alternative Delivery Procedure (“ADP”) in accordance with the ADP Notice in Clause 7 of TSR20 CS.
For the avoidance of doubt, delivery via Alternative Delivery Procedure does not constitute a Delivery Default.
To effect delivery via an Alternative Delivery Procedure, the Seller and Buyer shall jointly execute a notice of Alternative Delivery Procedure in such form as prescribed by the Clearing House (“ADP Notice”).
In addition, the Parties have notified NYMEX, in compliance with the NYMEX rules, that the transaction will be completed under the Alternative Delivery Procedure.
By 4.00 p.m. on the fourth (4th) Business Day following the Last Trading Day of the matured CPO Contract, a Buyer and Seller who have been Matched may elect an Alternative Delivery Procedure, by serving notice thereof to the Clearing House in accordance with Clause 6.
District 43 (Coquitlam) As mandated by the Ministry of Education, the Board of School Trustees will be reviewing the Alternative Delivery Procedure during this year and will forward your letters to the committee developing the new procedure.
In the event of an error, omission, or out trade discovered on or after the last day of trading, tastytrade will abide by the appropriate Exchange rules for an Alternative Delivery Procedure (ADP).
In the event of an error, omission, or out trade discovered on or after the last day of trading, dough will abide by the appropriate Exchange rules for an Alternative Delivery Procedure (ADP).

More Definitions of Alternative Delivery Procedure

Alternative Delivery Procedure. : shall mean, in respect to the Euronext Commodity Derivatives Section, the delivery procedure offered to Clearing Members, to exit from the Guaranteed Delivery Procedure, to perform the physical delivery of the underlying commodity on the physical market under an amicable agreement, in accordance with the enforceable Trading Terms and Conditions (the latter terms having the meaning given in the Instructions).

Alternative Delivery Procedure means that the Parties have agreed to utilize an alternate delivery procedure in accordance with the rules of a regulated exchange to consummate delivery in connection with a futures position and to follow all exchange rules, regulations and guidelines applicable to ADP Transactions. “EFP” or “Exchange for Physical” means that the Parties have agreed to utilize the EFP procedures of a regulated exchange to exchange a futures position for a physical position of equal quantity. The performance obligation of ADP and EFP transactions are the same as the performance obligation of Firm (LD) transactions stated above; provided that, performance of ADP and EFP Transactions are also excused if the related regulated exchange excuses performance.

Alternative Delivery Procedure. Means delivery of CPO under terms and conditions that are different from this Specifications and the Rules, as contemplated in Clause 6; 1 Trading Rules refers to the SGX Futures Trading Rules available at ▇▇▇.▇▇▇.▇▇▇.