Term Purchase TUA definition
Term Purchase TUA means a terminal use agreement entered into between LNGCo and Sabine consistent with the terms of Section 3.2 and in form and substance reasonably acceptable to LNGCo and Sabine.
Term Purchase TUA has the meaning set forth in the Tri-Party Agreement.
Term Purchase TUA has the meaning given such term in the Tri-Party Agreement. “Termination Date” has the meaning set forth in Section 9.1(a). “Termination (Default) Notice” means a written notice of termination delivered by the non-defaulting Party pursuant to Section 9.4. “Termination Settlement Statement” means a statement setting forth, in reasonable detail, the summary information for each transaction entered into pursuant to this Agreement during the Term and the related calculations made pursuant to the terms of this Agreement. “Transfer” means payment or delivery by wire transfer to Party’s bank account as specified in Section 14.9 in immediately available funds not later than (i) if a demand for the Transfer is made by the Notification Time, then the relevant Transfer will be made not later than the close of business on the next Business Day; and (ii) if a demand is made after the Notification Time, then the relevant Transfer will be made not later that the close of business on the second (2nd) Business Day following demand by such Party. 7 “Tri-Party Agreement” has the meaning set forth in the fourth Whereas clause of this Agreement. “TUA Agreement” has the meaning set forth in the first Whereas clause of this Agreement. “Valuation Date” means each Business Day during the Term. “Valuation Time” means the close of business (5:00 p.m.) in New York, New York on the Business Day immediately preceding the Valuation Date or date of calculation, as applicable. “Volume Statement Report” has the meaning set forth in Section 3.1. 1.2
Examples of Term Purchase TUA in a sentence
During the Term pursuant to the terms of the Tri-Party Agreement, LNGCo may elect to enter into a Term Purchase TUA, and designate in writing to CMI that one or more LNG Purchase Agreements be received at the Sabine Pass Terminal by LNGCo under such Term Purchase TUA, and such LNG Purchase Agreements shall be “Term Purchase Agreements”.
More Definitions of Term Purchase TUA
Term Purchase TUA means a terminal use agreement entered into between LNGCo and Sabine consistent with the terms ofSection 3.2 and in form and substance reasonably acceptable to LNGCo and Sabine.