Location Swap definition

Location Swap means any Product for which the terms require:
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Location Swap means any Product for which the terms require: (a) the Buyer to deliver and the Seller to accept a specified quantity of gas at the Swap Receipt Point over the Delivery Period; and (b) the Seller to deliver and the Buyer to accept the same quantity of gas at the Swap Delivery Point over the same Delivery Period. A Gas Compression Location Swap is one form of Location Swap.
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Examples of Location Swap in a sentence

  • Delivery Variance Amount An amount payable by or to a Delivering Participant or a Receiving Participant in respect of its Delivery Variance Quantities (and, in the case of a Location Swap, any Net Swap Imbalance) in respect of a Gas Day, calculated in accordance with the Rules Methodology.

  • For a Location Swap Transaction, the quantity made available for delivery and accepted on each Gas Day and the Delivery Variance Quantity are determined separately for each of the Swap Receipt Point and a Swap Delivery Point.

  • In the case of a Location Swap, each of the Swap Receipt Point and the Swap Delivery Point is a Delivery Point for the purposes of this agreement.

  • If the Buyer or Seller for a Location Swap Transaction is the Affected Party and claims Force Majeure relief under this clause 25 with respect to its obligation to receive or deliver a quantity of gas in respect of that Transaction, the other party to the Location Swap Transaction is not “responsible” within the meaning of clause 15.2(c) for a Delivery Variance Quantity arising in respect of the corresponding obligation to deliver or receive up to that same quantity of gas.

  • Term Definition Term Definition Close Out Amount An amount payable by or to a Trading Participant in respect of a Close Out Quantity or a Close Out Location Swap Quantity in respect of a Gas Day, calculated in accordance with the Rules Methodology.

  • Close Out Amount An amount payable by or to a Trading Participant in respect of a Close Out Quantity or a Close Out Location Swap Quantity in respect of a Gas Day, calculated in accordance with the Rules Methodology.

Related to Location Swap

  • Cleared Swap means a Swap that is subject to the mandatory clearing requirement of Section 2(h)(1)(A) of the CEA or any Swap that is intended by a Participant to be submitted to a DCO for clearing contemporaneously with execution.

  • Rating Agencies means DBRS, Fitch, KBRA, Xxxxx’x, Morningstar and S&P and their respective successors in interest or, if any of such entities shall for any reason no longer perform the functions of a securities rating agency, any other nationally recognized statistical rating agency reasonably designated by any Note Holder to rate the securities issued in connection with the Securitization of the related Note; provided, however, that, at any time during which the Mortgage Loan is an asset of one or more Securitizations, “Rating Agencies” or “Rating Agency” shall mean only those rating agencies that are engaged from time to time to rate the securities issued in connection with the Securitizations of the Notes.

  • Interest Rate Swap means any interest rate swap transaction entered into pursuant to the Agreement between Party A and Party B as evidenced by a Confirmation;

  • Interest Rate Swap Agreement means the agreement(s) (including any further replacement agreements) entered into between the Guarantor LP and the Interest Rate Swap Provider(s) in the form of an ISDA Master Agreement, as the same may be amended, varied, supplemented, restated or extended from time to time, including a schedule and confirmations in relation to each Tranche or Series of Covered Bonds;

  • Eligible Counterparty means an “Eligible Counterparty” for the purposes of the Law.

  • Ratings Decline means the occurrence of the following on, or within 90 days after, the date of the public notice of the occurrence of a Change of Control or of the intention by the Company or any third-party to effect a Change of Control (which period shall be extended for so long as the rating of the securities is under publicly announced consideration for possible downgrade by any of the Ratings Agencies if such period exceeds 90 days): (1) in the event that the Securities have an Investment Grade Rating by all three Ratings Agencies, the Securities cease to have an Investment Grade Rating by two of the three Rating Agencies, (2) in the event that the Securities have an Investment Grade Rating by only two Ratings Agencies, the Securities cease to have an Investment Grade Rating by both such Rating Agencies, or (3) in the event that the Securities do not have an Investment Grade Rating, the rating of the Securities by two of the three Ratings Agencies (or if there are less than three Rating Agencies rating the securities, the rating of each Rating Agency) decreases by one or more gradations (including gradations within ratings categories as well as between rating categories) or is withdrawn.

  • Ratings Event means (i) a downgrade by one or more gradations (including gradations within ratings categories as well as between rating categories) or withdrawal of the rating of the Notes within the Ratings Decline Period by one or more Rating Agencies (unless the applicable Rating Agency shall have put forth a written statement to the effect that such downgrade or withdrawal is not attributable in whole or in part to the applicable Change of Control) and (ii) the Notes do not have an Investment Grade Rating from any Rating Agency.

  • central counterparty means a CCP as defined in point (1) of Article 2 of Regulation (EU) No 648/2012;

  • Rating Date means the date which is 90 days prior to the earlier of (a) a Change of Control or (b) public notice of the occurrence of a Change of Control or of the intention by the Issuers to effect a Change of Control.