Commodities definition
Examples of Commodities in a sentence
Upon Wholesaler’s acceptance of a Commodity Transaction, Wholesaler shall be immediately and automatically obligated to provide all necessary and commercially reasonable Credit Support to Third Party sellers and buyers of Commodities, in an amount not to exceed to the aggregate Credit Limit from time to time.
In no event shall any First Leg Buy Transaction or Second Leg Sell Transaction or related under the related First Leg Sell Transaction or under the related Second Leg Buy Transaction require or contemplate that Wholesaler shall hold title to any Commodities except solely for purposes of effecting a simultaneous “flash title” transfer as provided herein.
Marketer covenants and agrees that it will not (and it will not purport to) create, incur, assume, permit or suffer to exist any Lien upon any Commodity that is subject to any Commodity Transaction and will not permit any such Commodities to be included under any “borrowing base” or other comparable asset-based lending structure for any purposes.