Commodity Forward definition

Commodity Forward means a Transaction in which one party as a Fixed Amount Payer agrees to purchase a specified Notional Quantity of a Commodity on an agreed Settlement Date or Payment Date at an agreed Fixed Price per Unit and the other party as a Floating Amount Payer agrees to pay a Floating Price per Unit for the same Notional Quantity of such Commodity to be set during (or in respect of) an agreed Calculation Period or in respect of an agreed Settlement Date or Payment Date.
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Examples of Commodity Forward in a sentence

  • A Commodity Forward may be settled by the physical delivery of the commodity in exchange for the specified price or may be cash settled based on the difference between the agreed forward price and the prevailing market price at the time of settlement.

  • The Commodity Forward is settled by the difference between the price agreed upon execution of the agreement and the price thereof on the date of the regular or early maturity of the Transaction, as specified in the respective Confirmation (as such term is defined in item 2.1).

  • A Commodity Forward may be settled by the physical deliveryThe payment calculation is based on the quantity of the commodity in exchange for the specified price or may be cashand is settled based, among other things, on the difference between the agreed forward price and the prevailing market price at the time of settlement.

  • If the Settlement Amount is a positive number it shall be due to the Performing Party and if it is a negative number, the absolute value thereof shall be due to the Non-Performing Party and the Commodity Forward Settlement Amount, if not included in the Settlement Amount, if a positive number shall be due to the Performing Party and if a negative number, the absolute value thereof shall be due to the Non-Performing Party.

  • The occurrence of any Event of Default or ▇▇▇▇ EoD set forth in Section 16.1 of the Monetization Master Agreement, the terms of which are incorporated herein by reference, shall constitute an Event of Default or ▇▇▇▇ EoD, as applicable, under this Agreement and the Commodity Forward Agreement.

  • All references to this Agreement include the Commodity Forward Agreement.

  • Notwithstanding any other provision of this Agreement, the occurrence of any of the events or circumstances specified in this Section 18.2 shall constitute an “Additional Termination Event” hereunder and under the Commodity Forward Agreement and, in each instance, DCR shall be deemed to be the “Affected Party” and ▇▇▇▇ shall be deemed to be the Performing Party for purposes of determining the rights and remedies available to the Performing Party under Section 18.3.

  • Notwithstanding any other provision of this Agreement, the occurrence of any of the events or circumstances specified in this Section 18.2 shall constitute an “Additional Termination Event” hereunder and under the Commodity Forward Agreement and, in each instance, PRC shall be deemed to be the “Affected Party” and ▇▇▇▇ shall be deemed to be the Performing Party for purposes of determining the rights and remedies available to the Performing Party under Section 18.3.

Related to Commodity Forward

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

  • Commodity means any material, article, supplies, goods, or equipment; “Foreign government” includes any foreign government entity;

  • Commodity customer means a person for which a commodity intermediary carries a commodity contract on its books.

  • Commodity Agreement means any commodity futures contract, commodity swap, commodity option or other similar agreement or arrangement designed to protect against fluctuations in the price of commodities or to otherwise manage commodity prices or the risk of fluctuations in commodity prices.