Commodity Options. With respect to Transactions involving commodity options, it is a producer, processor or commercial user of, or merchant handling, the commodity which is the subject of the commodity option Transaction, or the products or byproducts thereof, and that such producer, processor, commercial user or merchant enters into the commodity option Transaction solely for purposes related to its business as such.
Appears in 2 contracts
Sources: Isda Master Agreement (Resaca Exploitation, Inc.), Isda Master Agreement (Resaca Exploitation, Inc.)