Replacement Resale Arrangement definition

Replacement Resale Arrangement means the resale arrangement or arrangements entered into or to be entered into by ProGas to resell gas volumes that would otherwise have been sold or made available to NEA under the Contract. "Required Ballots" has the meaning set forth in Section 2.3(b). "Swap Spread-Derived Price" has the meaning set forth in Section 3.4(a)(ii). "Swap Spread-Derived Price Calculation" has the meaning set forth in Section 3.4(a)(ii). "TCPL" means TransCanada PipeLines Limited, a Canada corporation and its successors and assigns. "TCPL Consent" means the final and irrevocable consent of TCPL to the termination of the Contract required under the Assignment Agreement and obtained by ProGas pursuant to the terms hereof on terms and conditions reasonably acceptable to each of ProGas and NEA. "Visible Market" means for any NYMEX Xxxxx Hub Gas Price during any month, the Published Values or the Broker Quotes meeting the criteria set forth in Section 3.4(a)(ii). 1.2
Sample 1
Replacement Resale Arrangement means the resale arrangement or arrangements entered into or to be entered into by ProGas to resell gas volumes that would otherwise have been sold or made available to NJEA under the Contract absent the termination of the Contract pursuant to this Agreement. "Required Ballots" has the meaning set forth in Section 2.3(b). "Spot Exchange Rate" means the official rate of exchange for spot currency conversion of U.S. Dollars to Canadian Dollars, as promulgated by the Bank of Canada. "TCPL" means TransCanada PipeLines Limited, a Canada corporation and its successors and assigns. "TCPL Consent" means the final and irrevocable consent of TCPL to the termination of the Contract required under the Assignment Agreement and obtained by ProGas pursuant to the terms hereof on terms and conditions reasonably acceptable to each of ProGas and NJEA. "TCPL Rate Percent Differential" means one hundred percent times (1) the Actual TCPL Rate minus the Current TCPL Rate divided by (2) the Current TCPL Rate. An example of this calculation is shown on Appendix B. "TCPL Tariff" means TCPL's Transportation Tariff in respect of the TCPL Mainline as currently is in force and in effect and as filed with the National Energy Board and includes the Firm Service Agreement. "TCPL Transportation Component" has the meaning set forth in Section 3.2. "Termination Election Date" has the meaning set forth in Section 3.1. "Termination Payment" means the amount to be paid by NJEA to ProGas in consideration for the termination of the Contract on the Contract Termination Date, as determined as set forth in Section 3.2, consisting of the sum of the Commodity Component and the TCPL Transportation Component, the spreadsheet showing the final calculations of which shall be attached hereto as Appendix D. "Termination Payment Calculation Date" has the meaning set forth in Section 3.1. "Valuation Option Period" means the thirty (30) calendar-day period beginning fifteen (15) calendar days prior to and including the Termination Election Date and ending fifteen calendar days from the Termination Election Date. For example, if the Termination Election Date is December 16, 2002, the Valuation Option Period would begin December 1, 2002 and end December 30, 2002. "Visible Market" means for any NYMEX Xxxxx Hub Gas Price during any year, the Published Values or the Broker Quotes meeting the criteria set forth in Section 3.4(a)(ii). 1.2
Sample 1
Replacement Resale Arrangement means the resale arrangement or arrangements entered into or to be entered into by ProGas to resell gas volumes that would otherwise have been sold or made available to NJEA under the Contract absent the termination of the Contract pursuant to this Agreement.
Sample 1

Examples of Replacement Resale Arrangement in a sentence

  • Affected Producers" means the producers who have entered into long-term gas purchase agreements with ProGas and who are entitled to cast ballots approving or disapproving the pricing under the Replacement Resale Arrangement.


More Definitions of Replacement Resale Arrangement

Replacement Resale Arrangement means the resale arrangement or arrangements entered into or to be entered into by ProGas to resell gas volumes that would otherwise have been sold or made available to NEA under the Contract absent the termination of the Contract pursuant to this Agreement. "Required Ballots" has the meaning set forth in Section 2.3(b). "Sale Month" has the meaning given to such term in the Contract. "TCPL" means TransCanada PipeLines Limited, a Canada corporation and its successors and assigns. "TCPL Consent" means the final and irrevocable consent of TCPL to the termination of the Contract required under the Assignment Agreement and obtained by ProGas pursuant to the terms hereof on terms and conditions reasonably acceptable to each of ProGas and NEA. "Termination Note(s)" has the meaning set forth in Section 2.1(b). "Termination Payment" means the amount of $US 24,000,000 which shall be payable to ProGas in accordance with Section 2.1(b) and Section 3.2(a) in consideration for the termination of the Contract on the Contract Termination Date. 2.
Sample 1
Replacement Resale Arrangement means the resale arrangement or arrangements entered into or to be entered into by ProGas to resell gas volumes that would otherwise have been sold or made available to NEA under the Contract absent the Reduction Amendment. "Required Ballots" has the meaning set forth in Section 2.3(b). "Swap Spread-Derived Price" has the meaning set forth in Section 3.4(a)(ii). "Swap Spread-Derived Price Calculation" has the meaning set forth in Section 3.4(a)(ii). "TCPL" means TransCanada PipeLines Limited, a Canada corporation and its successors and assigns. "TCPL Consent" means the final and irrevocable consent of TCPL to the termination of the Contract required under the Assignment Agreement and obtained by ProGas pursuant to the terms hereof on terms and conditions reasonably acceptable to each of ProGas and NEA. "Visible Market" means for any NYMEX Xxxxx Hub Gas Price during any month, the Published Values or the Broker Quotes meeting the criteria set forth in Section 3.4(a)(ii). 1.2
Sample 1

Related to Replacement Resale Arrangement

  • Replacement Agreement shall have the meaning set forth in Paragraph 2(b) hereof.

  • Replacement Facility means 1 of the following:

  • Replacement Card means a renewal or replacement Card issued to you by us;

  • Replacement Reserve Agreement means a Replacement Reserve and Security Agreement, reasonably required by the Lender, and completed in accordance with the requirements of the DUS Guide.

  • Replacement Revolving Facility Effective Date shall have the meaning assigned to such term in Section 2.21(l).

  • Replacement Revolving Facility has the meaning assigned to such term in Section 9.02(c)(ii).

  • Replacement Management Agreement means, collectively, (a) either (i) a management agreement with a Qualified Manager substantially in the same form and substance as the Management Agreement, or (ii) a management agreement with a Qualified Manager, which management agreement shall be reasonably acceptable to Lender in form and substance, provided, with respect to this subclause (ii), Lender, at its option, may require that Borrower shall have obtained prior written confirmation from the applicable Rating Agencies that such management agreement will not cause a downgrade, withdrawal or qualification of the then current rating of the Securities or any class thereof and (b) an assignment of management agreement and subordination of management fees substantially in the form then used by Lender (or of such other form and substance reasonably acceptable to Lender), executed and delivered to Lender by Borrower and such Qualified Manager at Borrower’s expense.

  • Replacement Mortgage Loan A Mortgage Loan or Mortgage Loans in the aggregate substituted by the Seller for a Deleted Mortgage Loan, which must, on the date of such substitution, as confirmed in a Request for Release, (i) have a Stated Principal Balance, after deduction of the principal portion of the Scheduled Payment due in the month of substitution, not in excess of, and not less than 90% of, the Stated Principal Balance of the Deleted Mortgage Loan; (ii) if the Replacement Mortgage Loan is a fixed rate Mortgage Loan, have a fixed Mortgage Rate not less than or more than 1% per annum higher than the Mortgage Rate of the Deleted Mortgage Loan; (iii) have the same or higher credit quality characteristics than that of the Deleted Mortgage Loan; (iv) have a Loan-to-Value Ratio no higher than that of the Deleted Mortgage Loan; (v) have a remaining term to maturity no greater than (and not more than one year less than) that of the Deleted Mortgage Loan; (vi) not permit conversion of the Mortgage Rate from a fixed rate to a variable rate; (vii) have the same lien priority as the Deleted Mortgage Loan; (viii) constitute the same occupancy type as the Deleted Mortgage Loan or be owner occupied; (ix) if the Replacement Mortgage Loan is an Adjustable Rate Mortgage Loan, have a Maximum Mortgage Rate not less than the Maximum Mortgage Rate on the Deleted Mortgage Loan, (x) if the Replacement Mortgage Loan is an Adjustable Rate Mortgage Loan, have a Minimum Mortgage Rate not less than the Minimum Mortgage Rate of the Deleted Mortgage Loan, (xi) if the Replacement Mortgage Loan is an Adjustable Rate Mortgage Loan, have a Gross Margin equal to or greater than the Gross Margin of the Deleted Mortgage Loan, (xii) if the Replacement Mortgage Loan is an Adjustable Rate Mortgage Loan, have a next Adjustment Date not more than two months later than the next Adjustment Date on the Deleted Mortgage Loan, (xiii) comply with each representation and warranty set forth in Section 7 of the Mortgage Loan Purchase Agreement and (xiv) the Custodian has delivered a Final Certification noting no defects or exceptions.

  • Replacement Reserve As defined in Section 9.5.1.

  • Replacement Aircraft means the Aircraft of which a Replacement Airframe is part.

  • Replacement Date has the meaning set forth in Section 2.08(b).

  • Replacement Liquidity Facility Responsible Officer", "Scheduled Payment", "Special Payment", "S&P", "Stated Interest Rate", "Subordination Agent", "Taxes", "Threshold Rating", "Trust Agreement", "Trustee", "Underwriters", "Underwriting Agreement", "United States" and "Written Notice".

  • Replacement Engine means a [Engine Manufacturer and Model] engine (or an engine of the same or another manufacturer of a comparable or an improved model and suitable for installation and use on the Airframe with the other Engine (or any other Replacement Engine being substituted simultaneously therewith)) that shall have been made subject to the Lien of the Indenture pursuant to Section 7.04 or Section 7.05 thereof, together with all Parts relating to such engine, but excluding items installed or incorporated in or attached to any such engine from time to time that are excluded from the definition of Parts.

  • Arrangement Agreement has the meaning ascribed thereto in the recitals hereof;

  • Enhancement Agreement means any agreement, instrument or document governing the terms of any Series Enhancement or pursuant to which any Series Enhancement is issued or outstanding.

  • Replacement Airframe means an Airbus A321 aircraft or a comparable or improved model of Manufacturer (except (a) Engines or engines from time to time installed thereon and any and all Parts related to such Engine or engines and (b) Excluded Equipment), that shall have been made subject to the Lien of the Indenture pursuant to Section 7.05 thereof, together with all Parts relating to such aircraft.

  • NIMS Agreement Any agreement pursuant to which the NIM Securities are issued. NIMS Insurer: One or more insurers issuing financial guaranty insurance policies in connection with the issuance of NIM Securities.

  • Placement Agency Agreement means the Placement Agency Agreement by and between the Company and the Placement Agent dated the date hereof.

  • Replacement Cut-Off Date With respect to any Qualified Replacement Mortgage, the first day of the calendar month in which such Qualified Replacement Mortgage is conveyed to the Trust.

  • Term SOFR Replacement Date has the meaning specified in Section 3.03(b).

  • 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;

  • Voluntary placement agreement means, for the purposes of

  • Sponsor Support Agreement has the meaning set forth in the recitals to this Agreement.

  • Placement Agreement means the Placement Agreement relating to the offering and sale of Capital Securities in the form of Exhibit C.

  • Supplemental contract means a written agreement entered into for the distribution of proceeds under a life, health, or annuity policy or contract.

  • Issuer-ICSDs Agreement means the agreement entered into between the Issuer and each of the ICSDs;