Forward Sales definition

Forward Sales means transactions where CMH has contracted to sell electricity to any third party outside of the Electric System. For greater certainty this definition includes financial derivatives or contracts for differences that settle against AIES electricity price or such other applicable markets or exchanges.
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Forward Sales means sales of Crude Oil by Triton in which payment for such Crude Oil is required to be received 30 days or more prior to the BL Date for such Crude Oil.
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Examples of Forward Sales in a sentence

  • Forward Sales are transactions where energy is sold in a forward market to balance supply with demand.

  • For the purposes hereof, “Trading Day” means (i) with respect to Direct Sales, any day on which the Common Stock is traded on the Exchange, and (ii) with respect to Forward Sales, a Scheduled Trading Day as defined in the related Confirmation.

  • As of the Closing Date, except as set forth on Schedule 6.20, no Loan Party is a party or subject to any Swap Contract or Forward Sales Contract.

  • If the Borrower or any Subsidiary shall settle, unwind or otherwise terminate any Swap Contract (not including the ordinary course settlement of Forward Sales Contracts, but including any early monetization or termination of such Forward Sales Contracts), then on the date of receipt by the Borrower or any such Subsidiary of the Net Cash Proceeds related thereto, the Loans shall be immediately prepaid by an amount equal to the amount of such Net Cash Proceeds in accordance with Section 2.05(b)(viii).

  • Sellers shall update Schedule 1.8(a) at the Closing to include only the Forward Sales and Forward Purchases applicable to the period on and after the Closing Date.

  • In addition, Seller previously issued a Forward Sales Suspension for 12 days in May 2012 (May 1-12).

  • Party B and Party A further agree and acknowledge that the Forward Sales Documents, as supplemented by the Supplemental Confirmation, constitute a contract “for the sale or purchase of a security”, as set forth in Section 8-113 of the Uniform Commercial Code of New York.

  • Sellers shall update Schedule 1.8(b) at the Closing to include only the Forward Sales approved by Buyer under this Section 1.8(b) and applicable to the period on and after the Closing Date.

  • Buyer would also have a credit that could be applied to another Buyer Shortfall Payment that occurred from May 13th to November 9th (180 days after the Forward Sales Suspension is lifted).

  • Buyer would be entitled to a Forward Sales Suspension Credit of 10,284 Tons (857 Tons for 12 days) that could be applied to Buyer Shortfall Payment due for October 2012.

Related to Forward Sales

  • Forward Hedge Selling Period means, subject to Section 3(c) hereof, the period of such number of consecutive Trading Days (as determined by the Company in the Company’s sole discretion and specified in the applicable Placement Notice (as amended by the corresponding Acceptance, if applicable) specifying that it relates to a “Forward”), beginning on the date specified in the applicable Placement Notice (as amended by the corresponding Acceptance, if applicable) or, if such date is not a Trading Day, the next Trading Day following such date and ending on the last such Trading Day or such earlier date on which the Forward Seller shall have completed the sale of Forward Hedge Shares in connection with the applicable Forward; provided that if, prior to the scheduled end of any Forward Hedge Selling Period (x) any event occurs that would permit the Forward Purchaser to designate a “Scheduled Trading Day” as an “Early Valuation Date” (as each such term is defined in the Master Forward Confirmation) under, and pursuant to the provisions opposite the caption “Early Valuation” in Section 2 of the Master Forward Confirmation or (y) a “Bankruptcy Termination Event” (as such term is defined in the Master Forward Confirmation) occurs, then the Forward Hedge Selling Period shall, upon the Forward Seller becoming aware of such occurrence, immediately terminate as of the first such occurrence. Any Forward Hedge Selling Period then in effect shall immediately terminate upon the termination of this Agreement pursuant to Section 6 or Section 8 hereof and as set forth in Sections 3(b) and 3(v) hereof.

  • Forward Hedge Shares means all Common Stock borrowed by the Forward Purchaser and offered and sold by the Forward Seller in connection with any Forward that has occurred or may occur in accordance with the terms and conditions of this Agreement. Where the context requires, the term “Forward Hedge Shares” as used herein shall include the definition of the same under the Alternative Distribution Agreements.

  • Forward Price On the Effective Date, the Initial Forward Price, and on any other day thereafter, the Forward Price as of the immediately preceding calendar day multiplied by the sum of (i) 1 and (ii) the Daily Rate for such day; provided that on each Forward Price Reduction Date, the Forward Price in effect on such date shall be the Forward Price otherwise in effect on such date, minus the Forward Price Reduction Amount for such Forward Price Reduction Date. Initial Forward Price: $81.87175 per Share.

  • FX means the fixing of the FX Exchange Rate as published 2 p.m. Frankfurt am Main local time by the Fixing Sponsor on the FX Screen Page (or any successor).

  • Forward Contract means, for each Forward, the contract evidencing such Forward between the Company and the Forward Purchaser, which shall be comprised of the Master Forward Confirmation and the related “Supplemental Confirmation” (as defined in the Master Forward Confirmation) for such Forward.