Gas Transaction definition
Examples of Gas Transaction in a sentence
Trading Participants must maintain deliveries and receipts of gas at Delivery Points as nearly as practical at a uniform hourly rate of flow during a Gas Day or, in the case of a Balance-of-Day Gas Transaction, during the Delivery Period for that Transaction.
Each party shall give the other party timely prior notice, sufficient to meet the requirements of all Transporter(s) involved in the Gas Transaction, of the quantities of Gas to be delivered and purchased each Day.
Sales and purchases will be on a Firm or Interruptible basis, as agreed to by the parties in a Gas Transaction.
In the event of any inconsistency between the Confirmation for a Gas Transaction and this Gas Annex, the Confirmation will govern with respect to such Gas Transaction, except as provided in clause (a)(ii) with respect to Outstanding Gas Transactions.
Each of the parties hereto agrees that it shall not enter into any Special Derivative other than a Floating Rate Transaction, an Oil and Gas Transaction, a Pulp and Paper Transaction or a Special Derivative of a type previously dealt with under this Section 6(b) without giving at least ten (10) Local Business Days' notice to the Group Valuation Agent and without receiving the subsequent notice from the Group Valuation Agent that is referred to below.
A subsequent agreement between the parties to settle a Gas Transaction without involving a physical delivery of Gas shall not affect such Gas Transaction’s status as a Gas Transaction under this Gas Annex.
For the purposes of this clause, each Forward Gas Transaction described in paragraph (b) is a ‘Relevant Transaction’.
If the location for a requested Gas Transaction is not specified in Inside FERC’s Gas Market Report or Natural Gas Intelligence as applicable, EDF will make DB1/ 102884396.4 good faith efforts to provide a comparable quote in response to ESCO’s request.
If the fixed price for any Gas Swap includes a Gas Adder, Party B shall not be obligated to pay a Gas Adder with respect to that portion of any Gas Transaction which at the time of determination is hedged by such Gas Swap.
For the purpose of Section 3.2, the applicable form of Confirmation for a Gas Transaction is attached to Schedule G as Exhibit G1.