Bilateral Contract definition

Bilateral Contract means any Currency Protection Agreement or Interest Rate Protection Agreement.

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Bilateral Contract means a Non Green Bilateral Contract Nomination” Nomination submitted by the VIPP Supplier to the Settlement System Administrator pursuant to the Trading and Settlement Code;

Bilateral Contract means a unit contingent contract (i.e. a contract tied specifically to the Power of the Facility) to be entered into between Marketer and a third party to sell a specifically determined or determinable portion of the Power.

Examples of Bilateral Contract in a sentence

• When the VIPP Bilateral Contract Report becomes available, revised energy charges shall be calculated by ESB and an appropriate adjustment shall be made to the next Energy Charge invoice.

• When the Bilateral Contract Report becomes available, revised energy charges shall be calculated by ESB and an appropriate adjustment shall be made to the next Energy Charge invoice.

• In the event of a Bilateral Contract Report from the Settlement System Administrator not being available or delayed, a substitute report as determined in Clause 5.3.1 shall be used for invoicing purposes.

• In the event of a VIPP Bilateral Contract Report from the Settlement System Administrator not being available or delayed, a substitute report as determined in Clause 4.3.3 shall be used for invoicing purposes.

• For instances where VIPP Bilateral Contract Nomination data is unavailable for a Trading Period, the VIPP Demand Notification will be calculated as detailed in Clause 4.3.3.

More Definitions of Bilateral Contract

Bilateral Contract means a contract of financial settlement between two parties for a transaction in the wholesale electricity market;

Bilateral Contract means an agreement between two parties for the sale

Bilateral Contract a contract under which both parties undertake to perform part of an obligation (in formation of the contract today we focus on judge made law.) • Law made by parliaments of the states, territory and Commonwealth • Referred to as Acts of parliaments/ legislation. • Law developed by the courts in Australia • Referred to as common law/case law For a contract to be legally binding, there must be:

Bilateral Contract has the meaning given to that term in the Market Rules.

Bilateral Contract means any contract or other arrangement (other than this agreement) that entitles Project Operator to receive amounts payable in respect of, or other economic value associated with: the Project; any Green Products or Peak Capacity Credits created by reference to the Project; electricity imported or exported by the Project; the supply of Essential System Services by the Project [or the Hybrid Project]; and/or [Note: include a reference to Hybrid Project if an Associated Project is included.] the availability or use of the energy storage capacity of the Project. [Note: see agreement cover note regarding Non-Storage Projects.]

Bilateral Contract. A bilateral contract arises when the offeror gives her promise in exchange for the offeree’s return promise (e.g., X promises to deliver a car to Y, and Y promises to pay X an agreed price). ◼ Unilateral Contract: A unilateral contract arises when the offeree can only accept the offer by performance (e.g., X delivers a car to Y, who promises to pay X an agreed price). ◼ Once the offeree of a unilateral contract begins to perform, the offeror loses the ability to revoke her offer (e.g., if Y offered to pay X an agreed price in exchange for X delivering a car to Y, once X delivered the car, Y could not revoke her offer to pay X).

Bilateral Contract. As both (offeree and offeror’s) promises are executory, a bilateral contract was formed. TICKET CASES In cases involving tickets for transport, the ticket containing terms and conditions is generally considered to be an offer, which is accepted when the offeree boards the transport (MacRobertson per ▇▇▇▇▇▇▇ ▇). ➔ General Rule: Ticket = Offer ➔ Ticket cases often arise in context of incorporation of terms ◆ Baltic Shipping - Contract formed when ticket issued to passenger ◆ Oceanic Sun Line - Contract formed when exchange order issued in NSW by travel agent to passenger (to be exchanged for ticket when boarding ship in Greece) It is not contentious that (Party’s) act/conduct of (act or conduct constituting an offer) would constitute a clear offer to enter into a (bilateral/unilateral) contract with (Other Party).