Commodity Contract Counterparty definition

Commodity Contract Counterparty means the counterparty to each Facility Agreement with the Issuer and includes MLI and CGML
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Commodity Contract Counterparty means ______________________.
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Commodity Contract Counterparty means the counterparty to each agreement entitled “Facility Agreement between such counterparty and the Trust providing for the creation and termination of commodity contracts thereunder;
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Examples of Commodity Contract Counterparty in a sentence

  • The ability of the Issuer to pay on redemption of Short and Leveraged Commodity Securities is wholly dependent on it receiving payment from the relevant Commodity Contract Counterparty.

  • Pursuant to the Security Agreement and the Control Agreement, the Commodity Contract Counterparty deposits Collateral with a value of $100,000 to the Collateral Account.

  • Payment on redemption to persons who are not Authorised Participants may in these circumstances be subject to their giving to the Issuer and the Commodity Contract Counterparty such beneficialowner certifications.Following the expiry of the 30 days’ notice, the Commodity Contract Counterparty will not be obliged to “gross-up” any amounts payable by it and if the Issuer makes payment on Redemption only of the net amount so paid, that shall not be a regarded as a default by the Issuer.


More Definitions of Commodity Contract Counterparty

Commodity Contract Counterparty means the counterparty to each Facility Agreement with the Issuer and includes MLI and with effect from the Effective Date, includes CGML and up to but excluding the UBS Termination Date includes UBS
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Related to Commodity Contract Counterparty

  • Commodity contract means a commodity futures contract, an option on a commodity futures contract, a commodity option, or another contract if the contract or option is:

  • Commodity Agreement means any forward contract, commodity swap, commodity option or other financial agreement or arrangement relating to, or the value of which is dependent upon, fluctuations in commodity prices.

  • Commodity Account is any “commodity account” as defined in the Code with such additions to such term as may hereafter be made.

  • Swap means any agreement, contract, or transaction that constitutes a “swap” within the meaning of section 1a(47) of the Commodity Exchange Act.

  • Hedge Agreement means any interest or foreign currency rate swap, cap, collar, option, hedge, forward rate or other similar agreement or arrangement designed to protect against fluctuations in interest rates or currency exchange rates.