EFP Transaction definition

EFP Transaction means a transaction between us which comprises a Physical Contract which is intended to be replaced by Futures Contracts;
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EFP Transaction means a transaction between us which comprises a Physical Contract which is intended to be replaced by Futures Contracts.
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EFP Transaction means a transaction between us and you comprising a Physical Contract which is intended to be replaced by a Futures Contract;
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Examples of EFP Transaction in a sentence

  • However, in circumstances where the EFP Transaction is between a bank/foreign exchange dealer and a CTA, account controller, or other Person acting on behalf of a third party (such as a commodity pool or fund), the cash side confirmation statement must identify, at minimum, the name of the third party’s Carrying Clearing Member and the third party’s account number (or other account specific designation), but need not identify the third party by name.

  • The existence of an EFP Transaction or Reverse EFP Transaction is conditional on registration of the Futures Contracts (or, as the case may be, contracts effecting close-out) occurring on the date specified in the confirmation relating to the Transaction.

  • Subject to the terms of any particular EFP Transaction, in relation to each EFP Transaction, upon our becoming bound to Futures Contracts entered into in replication of the Physical Contract, the Physical Contract shall be automatically discharged.

  • We will notify you of the amount of any payment due between us as a result of entering into an EFP Transaction or Reverse EFP Transaction, to whom it is payable and when.

  • Subject to the terms of any particular Reverse EFP Transaction, in relation to each Reverse EFP Transaction, the Physical Contract with you shall arise automatically upon the closing out (including by creation of opposite positions, on the relevant Market) of the Futures Contracts which the Physical Contract is intended to replace.

  • We will notify you of the amount of any payment due between you and us as a result of entering into an EFP Trans­ action or Reverse EFP Transaction, to whom it is payable and when.

  • Subject to the terms of any particular Reverse EFP Transac­ tion, in relation to each Reverse EFP Transaction, the Physical Contract with you shall arise automatically upon the closing out (including by creation of opposite positions, on the relevant Market) of the Futures Contracts which the Physical Contract is intended to replace.

  • The existence of an EFP Transaction or Reverse EFP Trans­ action is conditional on registration of the Futures Contracts (or, as the case may be, contracts effecting close­out) occurring on the date specified in the confirmation relating to the Transaction.

  • Subject to the terms of any particular Reverse EFP Trans­ action, in relation to each Reverse EFP Transaction, the Physical Contract with you shall arise automatically upon the closing out (including by creation of opposite positions, on the relevant Market) of the Futures Contracts which the Physical Contract is intended to replace.

  • The existence of an EFP Transaction or Reverse EFP Transac­ tion is conditional on registration of the Futures Contracts (or, as the case may be, contracts effecting close­out) occur­ ring on the date specified in the confirmation relating to the Transaction.


More Definitions of EFP Transaction

EFP Transaction means an exchange for physical transaction as defined in the Operating Rules, or if not so defined, a transaction recognised as an exchange for physical transaction as understood under the customs and practices of the Exchange on which or in accordance with whose Operating Rules, customs or practices on which that EFP Transaction takes place; Exchange means:
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EFP Transaction means a transaction between us which comprises a PhysicalContract which is intended to be replaced by Futures Contracts.
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EFP Transaction means a Firm Transaction to purchase, sell or exchange Gas and the concurrent obligation to buy or sell natural gas futures contracts pursuant to the Exchange of Futures for Physical (EFP) procedures of an Exchange in accordance with an applicable Confirmation. Failure to buy or sell such quantity(ies) of Gas or futures contracts shall subject the failing party to the damages set forth in Article VII.
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EFP Transaction means a transaction between Société Générale and the Client which comprises a Physical Contract which is intended to be replaced by Futures Contracts.
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EFP Transaction means a transaction between us and you which is intended to replace a Physical Transaction with a Futures Transaction;
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EFP Transaction means a Firm Transaction to purchase, sell or exchange Gas and the concurrent obligation to buy or sell natural gas futures contracts pursuant to the Exchange of Futures for Physical (EFP) procedures of an Exchange in accordance with an applicable Confirmation. Failure to buy or sell such quantity(ies) of Gas or futures contracts shall subject the failing party to the damages set forth in Article VII. 2.11 "Exchange" means any United States commodity exchange that trades natural gas futures contracts. 2.12 "Firm Transaction" means Buyer shall have an absolute obligation to purchase and receive, and Seller shall have an absolute obligation to sell and deliver one hundred per cent (100%) of the Contract Quantity in the applicable Confirmation. Failure to buy or sell the Contract Quantity shall subject the failing party to the damages prescribed in Article VII. 2.13 "Forward Contract" means any agreement constituting a "forward contract" within the meaning of the United States Bankruptcy Code, including, without limitation, a Transaction or any other agreement for the sale, purchase or transfer (including a swap) of Gas which has a maturity date or delivery period more than two days after the date the Forward Contract is entered into. 2.14 "Gas" means any mixture of hydrocarbons and non-combustible gases in a gaseous state consisting primarily of methane. 2.15 "Imbalance Charge" means any scheduling, imbalance or similar penalties, fees, forfeitures, cashouts, or charges (in cash or in kind) assessed by a Transporter for failure to satisfy the Transporter's balance and/or nomination requirements. 2.16 "Market Value" means the amount of Gas remaining to be delivered or purchased under a Transaction multiplied by the market price per MMBtu determined by the Performing Party in a commercially reasonable manner. 2.17 "MMBtu" means one million BTU's, equal to one dekatherm. 2 <PAGE> 2.18 "Payment Date" means the twenty-fifty (25th) day of the calendar month in which the invoice was rendered, or ten (10) days after the date of receipt of the invoice, whichever is later; provided that if the twenty-fifth (25th) day is not a Business Day, payment is due on the next Business Day following that date. 2.19 "Replacement Price" is the price at which Buyer is able, acting in good faith, to obtain comparable Gas supplies at the lowest reasonable price. 2.20 "Sales Price" is the price at which Seller is able, acting in good faith, to make comparable Gas sales at the highest ...
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Related to EFP Transaction

  • Roll-Up Transaction means a transaction involving the acquisition, merger, conversion or consolidation either directly or indirectly of the Company and the issuance of securities of a Roll-Up Entity to the holders of Common Shares. Such term does not include:

  • Pawn transaction means the same as that term is defined in Section 13-32a-102.

  • M&A Transaction means (a) a transaction in which all or substantially all of the assets to which the subject matter of this Agreement relates are acquired by or assigned to party that is not an Affiliate, or (b) a sale of all or substantially all of the share capital of BioLine (or its Affiliates), (c) the merger of BioLine (or its Affiliates) with any other entity, or any other similar corporate action, except an internal reorganization of BioLine (or its Affiliates) for tax-related reasons otherwise.

  • Acquisition Transaction means any transaction or series of transactions involving:

  • SPAC Transaction means a transaction or series of related transactions by merger, consolidation, share exchange or otherwise of the Company with a publicly traded “special purpose acquisition company” or its subsidiary (collectively, a “SPAC”), immediately following the consummation of which the common stock or share capital of the SPAC or its successor entity is listed on the Nasdaq Stock Market, the New York Stock Exchange or another exchange or marketplace approved by the Board of Directors, including a majority of the Preferred Directors.

  • Acquisition Transactions means the transactions contemplated by the Acquisition Agreement.

  • Acquisition Transaction Announcement means (i) the announcement of an Acquisition Transaction, (ii) an announcement that Counterparty or any of its subsidiaries has entered into an agreement, a letter of intent or an understanding designed to result in an Acquisition Transaction, (iii) the announcement of the intention to solicit or enter into, or to explore strategic alternatives or other similar undertaking that may include, an Acquisition Transaction, (iv) any other announcement that in the reasonable judgment of the Calculation Agent may result in an Acquisition Transaction or (v) any announcement of any change or amendment to any previous Acquisition Transaction Announcement (including any announcement of the abandonment of any such previously announced Acquisition Transaction, agreement, letter of intent, understanding or intention). For the avoidance of doubt, announcements as used in the definition of Acquisition Transaction Announcement refer to any public announcement whether made by the Issuer or a third party.

  • Void Transaction means any transaction wherein the transaction has taken place but has been cancelled /rejected /unsuccessful by the Alliance Partner.

  • Factoring Transaction means any transaction or series of transactions that may be entered into by the Issuer or any Restricted Subsidiary pursuant to which the Issuer or such Restricted Subsidiary may sell, convey, assign or otherwise transfer Receivables Assets (which may include a backup or precautionary grant of security interest in such Receivables Assets so sold, conveyed, assigned or otherwise transferred or purported to be so sold, conveyed, assigned or otherwise transferred) to any Person that is not a Restricted Subsidiary; provided that any such Person that is a Subsidiary meets the qualifications in clauses (1) through (3) of the definition of “Receivables Subsidiary.”

  • Company Acquisition Transaction means any transaction or series of transactions involving:

  • Restructuring Transaction means a tax free distribution under section 355 of the internal revenue code and includes tax free transactions under section 355 of the internal revenue code that are commonly referred to as spin offs, split ups, split offs, or type D reorganizations.

  • Proposed Acquisition Transaction means, with respect to a SpinCo, a transaction or series of transactions (or any agreement, understanding or arrangement, within the meaning of Section 355(e) of the Code and Treasury Regulations Section 1.355-7, or any other Treasury Regulations promulgated thereunder, to enter into a transaction or series of transactions), whether such transaction is supported by the management or shareholders of such SpinCo, is a hostile acquisition, or otherwise, as a result of which such SpinCo would merge or consolidate with any other Person or as a result of which any Person or Persons would (directly or indirectly) acquire, or have the right to acquire, from such SpinCo and/or one or more holders of outstanding shares of Capital Stock of such SpinCo, a number of shares of Capital Stock of such SpinCo that would, when combined with any other changes in ownership of Capital Stock of such SpinCo pertinent for purposes of Section 355(e) of the Code, comprise 45% or more of (a) the value of all outstanding shares of stock of such SpinCo as of the date of such transaction, or in the case of a series of transactions, the date of the last transaction of such series, or (b) the total combined voting power of all outstanding shares of voting stock of such SpinCo as of the date of such transaction, or in the case of a series of transactions, the date of the last transaction of such series. Notwithstanding the foregoing, a Proposed Acquisition Transaction shall not include (i) the adoption by such SpinCo of a shareholder rights plan or (ii) issuances by such SpinCo that satisfy Safe Harbor VIII (relating to acquisitions in connection with a person’s performance of services) or Safe Harbor IX (relating to acquisitions by a retirement plan of an employer) of Treasury Regulations Section 1.355-7(d). For purposes of determining whether a transaction constitutes an indirect acquisition, any recapitalization resulting in a shift of voting power or any redemption of shares of stock shall be treated as an indirect acquisition of shares of stock by the non-exchanging shareholders. This definition and the application thereof is intended to monitor compliance with Section 355(e) of the Code and shall be interpreted accordingly. Any clarification of, or change in, the statute or Treasury Regulations promulgated under Section 355(e) of the Code shall be incorporated into this definition and its interpretation.

  • Merger Transaction means any merger, acquisition or similar transaction involving a recapitalization as contemplated by Rule 10b-18(a)(13)(iv) under the Exchange Act.

  • Business Combination Transaction means:

  • Excluded Transaction means any transaction in which assets are transferred to: (A) a shareholder of the Company (determined immediately before the asset transfer) in exchange for or with respect to its stock; (B) an entity, fifty percent (50%) or more of the total value or voting power of which is owned, directly or indirectly, by the Company (determined after the asset transfer); (C) a Person, or more than one Person Acting as a Group, that owns, directly or indirectly, fifty percent (50%) or more of the total value or voting power of all the outstanding stock of the Company (determined after the asset transfer); or (D) an entity at least fifty percent (50%) of the total value or voting power of which is owned, directly or indirectly, by a Person described in clause (C) (determined after the asset transfer).

  • Termination Transaction has the meaning set forth in Section 11.2.B hereof.

  • Reorganization Transaction see clause (d) of the definition of “Change of Control.”

  • Formation Transactions means the transactions contemplated by this Agreement and the other Formation Transaction Documentation.

  • Restructuring Transactions means the transactions described in Article IV.B of the Plan.

  • Merger Transactions means the Merger and the other transactions relating thereto or contemplated by the Merger Agreement.

  • Exchange Transaction means an exchange of Units for Common Units pursuant to, and in accordance with, the Exchange Agreement or, if the Issuer and the exchanging Limited Partner shall mutually agree, a Transfer of Units to the Issuer, the Partnership or any of their subsidiaries for other consideration.

  • FICASH III Transaction means a repurchase transaction in which the Repurchase Date is the Banking Day next following the Sale Date and for which securities issued by the government of the United States of America that are direct obligations of the government of the United States of America shall constitute Eligible Securities.

  • Company Transaction means the consummation of

  • Permitted Securitization Transaction Any financing transaction undertaken by the Seller or an Affiliate of the Seller that is secured, directly or indirectly, by the Collateral or any portion thereof or any interest therein, including any sale, lease, whole loan sale, asset securitization, secured loan or other transfer.

  • Equity Transaction means, with respect to any member of the Consolidated Parties, any issuance or sale of shares of its Capital Stock, other than an issuance (a) to a Consolidated Party, (b) in connection with a conversion of debt securities to equity, (c) in connection with the exercise by a present or former employee, officer or director under a stock incentive plan, stock option plan or other equity-based compensation plan or arrangement, or (d) in connection with any acquisition permitted hereunder.

  • Bundled transaction means the purchase of 2 or more distinct and identifiable products, except real property and services to real property, where the products are sold for a single nonitemized price. A bundled transaction does not include the sale of any products in which the sales price varies, or is negotiable, based on the selection by the purchaser of the products included in the transaction. As used in this subdivision: