Restricted Forward Sale Transaction means an agreement by a Person to sell forward a quantity of metal or other commodity where payment is made, in whole or in part, prior to the date on which such metal or commodity was mined or extracted by such Person.
Restricted Forward Sale Transaction means a forward sale of a quantity of metal or other commodity (allocated or unallocated) at a fixed price where the purchase price (or any substantial part thereof) is paid more than 3 months prior to the date on which such metal or commodity (allocated or unallocated) is to be delivered. For the avoidance of doubt, a derivative transaction entered into in order to hedge commodity pricing that does not require delivery of the commodity in question shall not constitute a Restricted Forward Sale Transaction.
Restricted Forward Sale Transaction means an agreement by a Person to sell forward a quantity of metal or other commodity, foreign exchange rate or interest rates, where payment therefor is made, in whole or in part, prior to the date on which such metal or commodity was mined or extracted by such Person or such foreign exchange rate or interest rate exposure was realized by such Person (absent an "event of default" under the respective transaction).
Examples of Restricted Forward Sale Transaction in a sentence
Forthe avoidance of doubt, a Restricted Forward Sale Transaction shall not constitute a commodity sale transaction in the ordinary course of business for the purposes hereof.