ICE NGX Trading System definition

ICE NGX Trading System means the databases, computer systems, hardware and software that facilitate the entering into of Transactions and Forward Transactions of ICE NGX Products by the Contracting Parties including, without limitation, that portion of the ICE Trading Platform used to facilitate trading of ICE NGX Products but, for greater clarity, excludes ICEBlock;
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ICE NGX Trading System means the databases, computer systems, hardware and software that facilitate the entering into of Transactions in ICE NGX Products by Contracting Parties including, without limitation, the ICE NGX Financial Power Auction System but, for greater clarity, excluding ICEBlock;
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ICE NGX Trading System means the databases, computer systems, hardware and software that facilitate the entering into of Transactions and Forward Transactions of ICE NGX Products by the
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Examples of ICE NGX Trading System in a sentence

  • It further being the intention that the Contracting Party Agreement shall constitute the rules of ICE NGX Trading System and ICE NGX Clearing System and that eEach Contracting Party, by entering into the Contracting Party Agreement, shall be bound by the Contracting Party Agreement, acknowledges that the provisions of the Agreement form part of the Rules of the Exchange, and acknowledges the jurisdiction of Exchange.

  • This Agreement will be the standard form of agreement between Exchange and each of the Contracting Parties in respect of the ICE NGX Trading System and ICE NGX Clearing System (the “Contracting Party Agreement”); the intention being that each of the Contracting Parties will be equal in respect of their respective rights and Obligations, except as specifically otherwise provided in the Contracting Party Agreement.

  • Once the Contracting Party receives a Confirmation from the ICE NGX Trading System that a Forward Transaction has occurred, the clearing and settlement of the Forward Transaction is governed solely by the terms and conditions of the bilateral agreement directly between the Contracting Parties who are parties to such Forward Transaction.

  • A Contracting Party will be activated on the ICE NGX Trading System and/or ICE NGX Clearing System by Exchange after the Application has been accepted and all pre-requisite requirements have been satisfied under this Section 5 or otherwise under this Agreement and once Exchange has received Eligible Collateral Support which will be used to establish a Margin Limit for that Contracting Party.

  • A Contracting Party will be activated on the ICE NGX Trading System by Exchange after all pre-requisite requirements have been satisfied under Section 5 of Schedule C.

  • Provider assumes standard weather patterns and site conditions for planning the project schedule.

  • If such consent cannot be reached by both Contracting Parties to the Forward Transaction by the earlier of: (i) 120 minutes following the entering of the Forward Transaction; or (ii) 60 minutes following the close of trading on the ICE NGX Trading System on the Trading Day on which the Forward Transaction was entered, the Forward Transaction will continue in full force and effect.

  • Exchange will activate designated persons for trading in specific Products on the ICE NGX Trading System and/or ICE NGX Clearing System based on instructions from the Administrator, and access by the Contracting Party to the applicable Transportation System pursuant to Section 2.6 of the Terms and Conditions.