Natural Gas Transactions definition

Natural Gas Transactions means those certain transactions entered into by a Loan Party in the ordinary course of business with one or more natural gas utilities (each, a "Subject Utility" and collectively, the "Subject Utilities") pursuant to which (a) the applicable Loan Party will sell to a Subject Utility, (b) the applicable Subject Utility will purchase from such Loan Party, certain accounts receivable owing to such Loan Party from natural gas customers (such receivables are hereinafter referred to as the "Subject Natural Gas Receivables") and, in connection therewith, the applicable Subject Utility will be responsible for all billing and collection duties and credit and other risks associated with such Subject Receivables; (c) in connection with the sale, the applicable Loan Party may grant a security interest to the applicable Subject Utility in the Subject Natural Gas Receivables (but no other asset of such Loan Party) and the Subject Utility is expected to perfect its security interest in such Subject Natural Gas Receivables, and the Administrative Agent may be required to subordinate any Lien the Administrative Agent has (including the security interest granted pursuant to the Security Agreement) in such Subject Natural Gas Receivables.
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Natural Gas Transactions means those certain transactions entered into by a Loan Party in the ordinary course of business with one or more natural gas utilities (each, a “Subject Utility” and collectively, the “Subject Utilities”) pursuant to which (a) the applicable Loan Party will sell to a Subject Utility, (b) the applicable Subject Utility will purchase from such Loan Party, certain accounts receivable owing to such Loan Party from natural gas customers (such receivables are hereinafter referred to as the “Subject Natural Gas Receivables”) and, in connection therewith, the applicable Subject Utility will be responsible for all billing and collection duties and credit and other risks associated with such Subject Receivables; (c) in connection with the sale, the applicable Loan Party may grant a security interest to the applicable Subject Utility in the Subject Natural Gas Receivables (but no other asset of such Loan Party) and the Subject Utility is expected to perfect its security interest in such Subject Natural Gas Receivables, and the Administrative Agent may be required to subordinate any Lien the Administrative Agent has (including the security interest granted pursuant to the Security Agreement) in such Subject Natural Gas Receivables.
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Natural Gas Transactions those certain transactions entered into by a Loan Party in the ordinary course of business with one or more natural gas utilities (each, a “Subject Utility” and, collectively, the “Subject Utilities”) pursuant to which the applicable Loan Party will sell to a Subject Utility, and the applicable Subject Utility will purchase from such Loan Party, certain accounts receivable owing to such Loan Party from its natural gas customers (such receivables are hereinafter referred to as the “Subject Natural Gas Receivables”) and, in connection therewith, the applicable Subject Utility will be responsible for all billing and collection duties and credit and other risks associated with such Subject Natural Gas Receivables. “net after-Tax basis”: with respect to any payment to be received by a Person from the Borrowers pursuant to Section 4.10 (a “Section 4.10 Payment”) or pursuant to Section 11.6 in respect of an Indemnified Liability (a “Section 11.6 Payment”), the amount of such Section 4.10
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Examples of Natural Gas Transactions in a sentence

  • Furthermore, the top 10 counterparties transacted with by volume are also listed in Confidential Attachment B, Counterparty Information.Confidential Attachment C, Electric Transactions Summary and Confidential Attachment D, Natural Gas Transactions Summary are summaries of the electric and gas transactions executed during the Quarter.

  • Also excluded are transactions in the California Independent System Operator’s (CAISO) integrated forward, real-time and ancillary services markets, since these transactions are, for the most part, made by the CAISO on behalf of PG&E and are made without regard to the Plan.1Confidential Attachment D, Natural Gas Transactions Summary is a summary of the gas transactions executed during the Quarter.

  • Reportable Physical Natural Gas Transactions are only those transactions that refer to an index, or that contribute to, or could contribute to the formation of a gas index during the calendar year.

  • Furthermore, the top 10 counterparties transacted with by dollar value or volume are also listed in Confidential Attachment B, Counterparty Information.Confidential Attachments C, Electric Transactions Summary and D, Natural Gas Transactions Summary are summaries of the electric and gas transactions executed during the Quarter.

  • ANNUAL AND QUARTERLY TRANSACTIONAL AND OPERATIONAL REPORTS On December 26, 2007, as discussed above, the Commission issued a Final Rule in Order No. 704,60 which amended Part 260 of its regulations to require that certain natural gas market participants file annually FERC Form No. 552, Annual Report of Natural Gas Transactions.

  • The cash account and any subaccount thereof for which provision is made, held through a Cash Settlement Agent for EnExClear and Clearing Members for conducting the Cash Settlement of Natural Gas Transactions in accordance with this Rulebook.

  • A new economic sector emerged and affirmed its ability to contribute to rural economic development.

  • Annual and Quarterly Transactional and Operational Reports On December 26, 2007, as discussed above, the Commission issued a Final Rule in Order No. 704,60 which amended Part 260 of its regulations to require that certain natural gas market participants file annually FERC Form No. 552, Annual Report of Natural Gas Transactions.

  • Instead, it 30 Occidental Energy Marketing, Statoil Natural urges the Commission to clarify that the exclusion applies to Unprocessed Natural Gas Transactions, a phrase that it defines as ‘‘transactions in which title transfers prior to the physical act of process and [prior to when] the gas is physically delivered to a processing [facility].’’ Devon states that its definition would exclude some upstream transactions regardless of whether they reference an index or could be reported to an index.

  • Borrowers agree that any Lender so purchasing a participation from another Lender pursuant to this Section 10.13 may, to the fullest extent permitted by law, exercise all its rights of payment with respect to such participation as fully as if such Lender were the direct creditor of Borrowers in the amount of such participation.


More Definitions of Natural Gas Transactions

Natural Gas Transactions in this Section 1.1. “Subject Utility” or “Subject Utilities”: as defined in the definition of “Natural Gas Transactions” in this Section 1.1. USActive 56005294.156005294.9 -98-
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Natural Gas Transactions in this Section 1.1. USActive 56005294.956005294.16-101-
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Natural Gas Transactions in this Section 1.1. “Subsidiary”: as to any Person, a corporation, partnership or other entity of which shares of stock or other ownership interests having ordinary voting power (other than stock or such other ownership interests having such power only by reason of the happening of a contingency) to elect a majority of the board of directors or other managers of such corporation, partnership or other entity are at the time owned, or the management of which is otherwise controlled, directly or indirectly through one or more intermediaries, or both, by such Person. Unless otherwise qualified, all references to a “Subsidiary” or to “Subsidiaries” in this Agreement shall refer to a Subsidiary or Subsidiaries of the MLP. As of the SecondThird Amendment Effective Date, the Subsidiaries of the MLP are listed on Schedule 5.15. “Subsidiary Guarantors”: Subject to Section 11.5, Xxxxxxx Energy Solutions Inc., Xxxxxxx Connecticut Properties LLC, Xxxxxxx Terminal Services LLC, Xxxxxxx Resources Finance Corp, Wintergreen, Xxxxxxx Resources Canada, Sprague Co-op Member LLC, Xxxxxxx Natural Gas LLC, Xxxxxxx Energy LLC, the U.S. Borrower, the Canadian Borrower and Xxxxxxx Transport LLC and, after the RestatementThird Amendment Effective Date, each other Person executing and delivering the Guarantee, or becoming a party to the Guarantee as a guarantor (by supplement or otherwise), pursuant to this Agreement. “Successor Agent Agreement”: that certain Successor Agents Agreement and Master Assignment, dated as of the date hereof, by and among JPMorgan Chase Bank, N.A., as existing administrative agent, JPMorgan Chase Bank, N.A., Toronto Branch, as existing Canadian agent, JPMorgan Chase Bank, N.A. and BNP Paribas, as existing co-collateral agents, each existing lender or issuing lender party thereto and the Administrative Agent, as successor Administrative Agent, successor Canadian agent and successor collateral agent. “Successor Agent Documents”: (i) the Successor Agent Agreement, (ii) each mortgage assignment and amendment agreement with respect to each Existing Mortgaged Property, in form and substance reasonably satisfactory to the Administrative Agent, (iii) each Account Control Agreement Amendment and Assignment, in form and substance reasonably satisfactory to the Administrative Agent, (iv) an assignment agreement with respect to each Quebec Security Document that is currently in effect immediately prior to giving effect to the Restatement Effective Date, in form and s...
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Natural Gas Transactions those certain transactions entered into by a Loan Party in the ordinary course of business with one or more natural gas utilities (each, a “Subject Utility” and, collectively, the “Subject Utilities”) pursuant to which the applicable Loan Party will sell to a Subject Utility, and the applicable Subject Utility will purchase from such Loan Party, certain accounts receivable owing to such Loan Party from its natural gas customers (such receivables are hereinafter referred to as the “Subject Natural Gas Receivables”) and, in connection therewith, the applicable Subject Utility will be responsible for all billing and collection duties and credit and other risks associated with such Subject Natural Gas Receivables. “net after-Tax basis”: with respect to any payment to be received by a Person from the Borrowers pursuant to Section 4.10 (a “Section 4.10 Payment”) or pursuant to Section 11.6 in respect of an Indemnified Liability (a “Section 11.6 Payment”), the amount of such Section 4.10 Payment or Section 11.6 Payment plus a further payment or payments so that the net amount received by such Person, after all Taxes imposed on such Person with respect to such amounts (net of any actual current reduction in Taxes payable by such Person as a result of the costs or expenses for which such Person receives a Section 4.10 Payment or Section 11.6 Payment) is equal to the original payment required to be received pursuant to Section 4.10 or Section 11.6, respectively. For avoidance of doubt, if a Lender incurs a cost of $100 for which the Borrowers pay the Lender $100 pursuant to Section 11.6, and the cost gives rise to a tax deduction that reduces such Person’s Taxes by $35, and the payment increases such Person’s Taxes by $35, then the net after-Tax basis payment shall be $100 because the increase in Tax of $35 with respect to the Indemnified Liability is offset by the reduction in Taxes of $35 that arises from the cost. However, if the cost was not deductible and the payment increased such Person’s Taxes by $35, then the net-after Tax basis payment would be at least $135. USActive 56005294.156005294.9 -83-
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Natural Gas Transactions means those certain transactions entered into by a Loan Party in the ordinary course of business with one or more natural gas utilities (each, a “Subject Utility” and, collectively, the “Subject Utilities”) pursuant to which the applicable Loan Party will sell to a Subject Utility, and the applicable Subject Utility will purchase from such Loan Party, certain accounts receivable
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Natural Gas Transactions those certain transactions entered into by a Loan Party in the ordinary course of business with one or more natural gas utilities (each, a “Subject Utility” and, collectively, the “Subject Utilities”) pursuant to which the applicable Loan Party will sell to a Subject Utility, and the applicable Subject Utility will purchase from such Loan Party, certain accounts receivable owing to such Loan Party from its natural gas customers (such receivables are hereinafter referred to as the “Subject Natural Gas Receivables”) and, in connection therewith, the applicable Subject Utility will be responsible for all billing and collection duties and credit and other risks associated with such Subject Natural Gas Receivables.
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Related to Natural Gas Transactions

  • Natural Gas Liquids means those hydrocarbon components that can be recovered from natural gas as a liquid including, but not limited to, ethane, propane, butanes, pentanes plus, and condensates;

  • Natural Gas or “Gas” means wet gas, dry gas, all other gaseous hydrocarbons, and all substances contained therein, including sulphur and helium, which are produced from oil or gas xxxxx, excluding those condensed or extracted liquid hydrocarbons that are liquid at normal temperature and pressure conditions, and including the residue Gas remaining after the condensation or extraction of liquid hydrocarbons from Gas such that any Gas sold under this Agreement shall be of the quality as indicated in Clause 7.

  • Natural gas company ’ means a person engaged in the transportation of natural gas in interstate commerce, or the sale in inter- state commerce of such gas for resale.

  • Gas Transporter means the licensed operator of the transportation network through which gas is transported to you;

  • 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.

  • Natural gas utility means an investor-owned business engaged in the sale and distribution of natural gas within this state whose rates are regulated by the commission.

  • Retail transaction means the purchase of prepaid wireless telecommunications service from a seller for any purpose other than resale.

  • Formation Transactions means the transactions contemplated by this Agreement and the other Formation Transaction Documentation.

  • FICASH III Transaction means a repurchase transaction in which the Repurchase Date is the Banking Day next following the Sale Date and for which securities issued by the government of the United States of America that are direct obligations of the government of the United States of America shall constitute Eligible Securities.

  • Roll-Up Transaction means a transaction involving the acquisition, merger, conversion or consolidation either directly or indirectly of the Company and the issuance of securities of a Roll-Up Entity to the holders of Common Shares. Such term does not include:

  • Liquefied natural gas or “LNG” means natural gas that has been liquefied.

  • Acquisition Transactions means the transactions contemplated by the Acquisition Agreement.

  • Company Acquisition Transaction means any transaction or series of transactions involving:

  • Company Acquisition Agreement has the meaning set forth in Section 5.04(a).

  • FICASH II Transaction means a repurchase transaction in which the Repurchase Date is the Banking Day next following the Sale Date and for which one or more of the following two categories of securities, as specified by the Funds, shall constitute Eligible Securities: (x) securities issued by the government of the United States of America that are direct obligations of the government of the United States of America, or (y) securities issued by or guaranteed as to principal and interest by the government of the United States of America, or by its agencies and/or instrumentalities, including, but not limited to, the Federal Home Loan Bank, Federal Home Loan Mortgage Corp., Government National Mortgage Association, Federal National Mortgage Association, Federal Farm Credit Bank, Federal Intermediate Credit Bank, Banks for Cooperatives, and Federal Land Banks.

  • Natural uranium means uranium with the naturally occurring distribution of uranium isotopes, which is approximately 0.711 weight percent uranium-235, and the remainder by weight essentially uranium-238.

  • Securities Financing Transactions Regulation means Regulation (EU) 2015/2365 of the European Parliament and of the Council of 25 November 2015 on transparency of securities financing transactions and of reuse and amending Regulation (EU) No 648/2012;

  • Substitute natural gas or "SNG" means a gas manufactured

  • Consumer-goods transaction means a consumer transaction in which:

  • De Minimis Transaction means a transaction in an equity security (or an equivalent security) which is equal to or less than 300 shares, or is a fixed-income security (or an equivalent security) which is equal to or less than $15,000 principal amount. Purchases and sales, as the case may be, in the same security or an equivalent security within 30 days will be aggregated for purposes of determining if the transaction meets the definition of a De Minimis Transaction.

  • Compressed natural gas means a mixture of hydrocarbon gases and vapors that consists primarily of methane in gaseous form that has been compressed for use as a fuel to propel a motor vehicle.

  • Interim Capital Transactions means the following transactions if they occur prior to the Liquidation Date: (a) borrowings, refinancings or refundings of indebtedness and sales of debt securities (other than Working Capital Borrowings and other than for items purchased on open account in the ordinary course of business) by any Group Member; (b) sales of equity interests by any Group Member (including the Common Units sold to the Underwriters pursuant to the exercise of their over-allotment option); and (c) sales or other voluntary or involuntary dispositions of any assets of any Group Member other than (i) sales or other dispositions of inventory, accounts receivable and other assets in the ordinary course of business, and (ii) sales or other dispositions of assets as part of normal retirements or replacements.

  • Day-ahead Energy Market means the schedule of commitments for the purchase or sale of energy and payment of Transmission Congestion Charges developed by the Office of the Interconnection as a result of the offers and specifications submitted in accordance with Operating Agreement, Schedule 1, section 1.10 and the parallel provisions of Tariff, Attachment K-Appendix.

  • commercial air transport means an aircraft operation involving the transport of passengers, cargo, or mail for remuneration or hire.

  • Consumer transaction means a transaction in which (i) an individual incurs an obligation primarily for personal, family, or household purposes, (ii) a security interest secures the obligation, and (iii) the collateral is held or acquired primarily for personal, family, or household purposes. The term includes consumer-goods transactions.

  • Factoring Transaction means any transaction or series of transactions that may be entered into by the Issuer or any Restricted Subsidiary pursuant to which the Issuer or such Restricted Subsidiary may sell, convey, assign or otherwise transfer Receivables Assets (which may include a backup or precautionary grant of security interest in such Receivables Assets so sold, conveyed, assigned or otherwise transferred or purported to be so sold, conveyed, assigned or otherwise transferred) to any Person that is not a Restricted Subsidiary; provided that any such Person that is a Subsidiary meets the qualifications in clauses (1) through (3) of the definition of “Receivables Subsidiary.”