Forward Sales Contract definition

Forward Sales Contract means an agreement to sell hydrocarbons, and be paid for such sale, at a point in time in the future; provided, that any such agreement that constitutes a “swap” within the meaning of Section 1a(47) of the Commodity Exchange Act shall constitute a Swap Contract and a Swap Obligation and not a Forward Sales Contract.
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Forward Sales Contract means a contract or other financial arrangement between a Market Support Services Licensee and an Electricity Licensee in a form approved by, and designated as a forward sales contract by, the Authority;
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Forward Sales Contract means a contract to sell production from a permit producing petroleum at a specified price on a fixed future date.
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Examples of Forward Sales Contract in a sentence

  • VHPFSCQ) is the proportion of contestable consumer load that is hedged by the Forward Sales Contract for each half hour period within the hedge quarter.

  • 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.

  • It is to keep the top cover compact to ensure the cover stay in position.

  • Each Cash Management Party, Forward Sales Contract Party or Swap Lender not a party to this Agreement that has given the notice contemplated by the preceding sentence shall, by such notice, be deemed to have acknowledged and accepted the appointment of the Agent pursuant to the terms of Article X hereof for itself and its Affiliates as if a “Lender” party hereto.

  • Sun Electric Power Pte Ltd (“Sun Electric”) was a licensee and participant in a Forward Sales Contract Scheme (“FSC Scheme”).

  • No Swap Lender or Forward Sales Contract Party shall have any voting rights under any Loan Document as a result of the existence of obligations owed to it under any such Lender Swap Contract or Lender Forward Sales Contract.

  • Notwithstanding the foregoing, Obligations arising under Secured Cash Management Agreements, Lender Forward Sales Contracts and Lender Swap Contracts shall be excluded from the application described above if Agent has not received written notice thereof, together with such supporting documentation as Agent may request, from the applicable Cash Management Party, Forward Sales Contract Party or Swap Lender, as the case may be.

  • The Parties stipulate and acknowledge that each Contract providing for multiple deliveries will be a Forward Sales Contract under Section 556 of the U.S. Bankruptcy Code and that each Party shall be a Forward Trading Merchant for such Contract.

  • The marketing linkage under the Forward Sales Contract Agreement has become popular and beneficial for both the farmer-borrowers and buyers, mainly paddy millers.

  • Hence, to match generation with demand in the model, TLG has modelled the net energy produced from the power plants without adjustment for transmission loss.(d)SembcorpEMA has announced that 6% of the system demand will be given out as Forward Sales Contract to potential Market Makers of the ElectricityFutures Market.


More Definitions of Forward Sales Contract

Forward Sales Contract means an agreement to sell hydrocarbons, and be paid for such sale, at a point in time in the future.
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Related to Forward Sales Contract

  • sales contract means a contract under which a trader transfers or agrees to transfer the ownership of goods to a consumer and the consumer pays or agrees to pay the price, including any contract that has both goods and services as its object. Conformity

  • Forward Contract means, for each Forward, the Confirmation evidencing such Forward between the Company and the Forward Purchaser or an Alternative Forward Purchaser.

  • FX Forward Contract is defined in Section 2.1.3.

  • Master Forward Confirmation means the Master Confirmation for Issuer Share Forward Sale Transactions, dated as of the date hereof, by and among the Company, the Operating Partnership and the Forward Purchaser, including all provisions incorporated by reference therein.

  • Futures Contract Option means an option with respect to a Futures Contract.

  • Forward Hedge Selling Period means, subject to Section 2(c) hereof, the period of one to 20 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 Securities 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 9 or Section 13 hereof and as set forth in Sections 2(b) and 4 hereof.

  • Daily Contract Quantity or “DCQ” means the quantity of Gas as set out in Clause 4.1 herein.

  • Futures Contract means a Financial Futures Contract and/or Stock Index Futures Contracts.

  • Forward Hedge Selling Commission means, for any Forward Contract, the product of (x) the Forward Hedge Selling Commission Rate for such Forward Contract and (y) the Volume-Weighted Hedge Price.

  • Structured settlement agreement means the agreement, judgment, stipulation, or release embodying the terms of a structured settlement.

  • Financial Futures Contract means the firm commitment to buy or sell fixed income securities including, without limitation, U.S. Treasury Bills, U.S. Treasury Notes, U.S. Treasury Bonds, domestic bank certificates of deposit, and Eurodollar certificates of deposit, during a specified month at an agreed upon price.

  • Contract Quantity means the quantity of Delivered Energy expected to be delivered by Seller during each Contract Year as set forth in the Cover Sheet.

  • Forward Hedge Price means, for any Forward Contract, the product of (x) an amount equal to one (1) minus the Forward Hedge Selling Commission Rate for such Forward Contract; and (y) the Volume-Weighted Hedge Price.

  • 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.

  • Supply contract means a contract under which a lessor buys or leases goods to be leased.

  • 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).

  • Day-ahead Settlement Interval means the interval used by settlements, which shall be every one clock hour.

  • Credit-sale contract means a written contract for the sale of grain pursuant to which the sale price is to be paid or may be paid more than thirty days after the delivery or release of the grain for sale and which contains the notice provided in subsection 7 of section 60-02.1-14. If a part of the sale price of a contract for the sale of grain is to be paid or may be paid more than thirty days after the delivery or release of the grain for sale, only such part of the contract is a credit-sale contract.

  • Sale Contract means a contract providing for the sale of one or more projects to one or more contracting parties and includes a contract providing for payment of the purchase price in one or more installments. If the sale contract permits title to the project to pass to the other contracting party or parties prior to payment in full of the entire purchase price, it shall also provide for the other contracting party or parties to deliver to the municipality or to the trustee under the indenture pursuant to which the bonds were issued one or more notes, debentures, bonds or other secured or unsecured debt obligations of such contracting party or parties providing for timely payments, including without limitation, interest thereon for the balance of the purchase price at or prior to the passage of such title.

  • Contract Sales Price means the total consideration received by the Company for the sale of an Investment.

  • Volumetric Production Payments means production payment obligations recorded as deferred revenue in accordance with GAAP, together with all undertakings and obligations in connection therewith.

  • Forward Hedge Amount means, for any Forward, the amount specified as such in the Placement Notice for such Forward (as amended by the corresponding Acceptance, if applicable), which amount shall be the target Aggregate Sales Price of the Forward Hedge Securities to be sold by the Forward Seller or an Alternative Forward Seller in respect of such Forward, subject to the terms and conditions of this Agreement or the Alternative Distribution Agreement, as applicable.

  • Storage Contract means the contract described in paragraph 8.3.3 of the Conditions of Business or paragraph

  • Forward Hedge Selling Commission Rate means, for any Forward Contract, a rate mutually agreed to between the Company, the Forward Seller and the Forward Purchaser and recorded in the applicable Placement Notice (as amended by the corresponding Acceptance, if applicable), up to 2.0%.

  • Standard Contract means a contract concerning a wholesale energy product admitted to trading at an organised market place, irrespective of whether or not the transaction actually takes place on that market place;

  • Purchase Contract Settlement Date means [ ].