Approved Financial Instruments Sample Clauses

Approved Financial Instruments. Permitted FRM transactions are limited to options. Naked options, futures contracts and swaps are not permitted.
Sample 1Sample 2Sample 3See All (4)
AutoNDA by SimpleDocs
Approved Financial Instruments. Approved financial instruments and exchanges are listed on Exhibit I. A listing of approved brokerage houses/financial counterparties with whom NJNG had ISDA contracts is available for all traders. Approved brokerage houses/financial counterparties will be required to send confirmations of all financial trades to the Manager, Mid-Office Control or Accounting Manager, NJRES. Also, if specifically requested, a copy of the confirmation must be sent to the Vice President, Internal Audit.
Sample 1Sample 2
Approved Financial Instruments. NJRES Approved Financial Instruments for NJRES include all natural gas financial derivative contracts that can be transacted. These types of derivatives include, but are not limited to: • Futures Contract - Price for a commodity contract to buy or sell in the future. As it relates to natural gas, one Chicago Mercantile Exchange (CME) futures contract is 10,000 dt/day at Xxxxx Hub. InterContinental Exchange (ICE) also has futures contracts for various products at various volume levels. NJRES and NJNG buy/sell (or “clear”) futures contracts through a Futures Commission Merchant (FCM). Futures contracts close out on the last three business days prior to the end of the previous month. When closing out, you may either close out financially or take physical possession of the gas. • Options - a transaction in which one party grants to the other party (for a premium payment) the right, but not the obligation, to purchase (call) or sell (put) at a specified strike price • Commodity Option - to put or call a specified quantity of a commodity futures contract at a specified strike price • Weather Option - to put or call a specified quantity of a commodity for a specified price based on agreed upon factors (such as temperature).
Sample 1

Related to Approved Financial Instruments

  • Financial Instruments concurrently with furnishing the financial statements pursuant to Sections 10.1(e)(ii) and (iii), a report on the status of all outstanding Financial Instruments, such report to be in a form and containing such information as may be required by the Lenders, acting reasonably;

  • Affected Financial Institutions No Loan Party is an Affected Financial Institution.

  • Affected Financial Institution No Loan Party is an Affected Financial Institution.

  • Additional Instruments The Member will execute and deliver any document or statement necessary to give effect to the terms of this Agreement or to comply with any law, rule or regulation governing the Company’s formation and activities.

  • Acknowledgement and Consent to Bail-In of EEAAffected Financial Institutions Notwithstanding anything to the contrary in any Loan Document or in any other agreement, arrangement or understanding among any such parties, each party hereto acknowledges that any liability of any EEAAffected Financial Institution arising under any Loan Document, to the extent such liability is unsecured, may be subject to the write-down and conversion powers of an EEAthe applicable Resolution Authority and agrees and consents to, and acknowledges and agrees to be bound by:

  • Acknowledgment and Consent to Bail-In of Affected Financial Institutions Notwithstanding anything to the contrary in any Loan Document or in any other agreement, arrangement or understanding among any such parties, each party hereto acknowledges that any liability of any Affected Financial Institution arising under any Loan Document, to the extent such liability is unsecured, may be subject to the write-down and conversion powers of the applicable Resolution Authority and agrees and consents to, and acknowledges and agrees to be bound by:

  • Acknowledgement and Consent to Bail-In of Affected Financial Institutions Notwithstanding anything to the contrary in any Loan Document or in any other agreement, arrangement or understanding among any such parties, each party hereto acknowledges that any liability of any Affected Financial Institution arising under any Loan Document, to the extent such liability is unsecured, may be subject to the Write-Down and Conversion Powers of the applicable Resolution Authority and agrees and consents to, and acknowledges and agrees to be bound by:

  • EEA Financial Institutions No Loan Party is an EEA Financial Institution.

  • Acknowledgment and Consent to Bail-In of EEA Financial Institutions Notwithstanding anything to the contrary in any Loan Document or in any other agreement, arrangement or understanding among any such parties, each party hereto acknowledges that any liability of any EEA Financial Institution arising under any Loan Document, to the extent such liability is unsecured, may be subject to the write-down and conversion powers of an EEA Resolution Authority and agrees and consents to, and acknowledges and agrees to be bound by:

  • EEA Financial Institution No Loan Party is an EEA Financial Institution.

Time is Money Join Law Insider Premium to draft better contracts faster.