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

  • 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.

  • No Lender or any Affiliate of a Lender 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.

  • 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.

  • 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.

  • 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.

  • 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.