Commodity Intermediary Transaction definition

Commodity Intermediary Transaction means a transaction or series of transactions (whether reflected in a single agreement or a set of related agreements) under which a Commodity Intermediary buys from the Company and/or sells to the Company or third parties Commodity Intermediary Subject Inventory, and in addition, may enter into Swap Contracts with respect to such Commodity Intermediary Subject Inventory (including for hedging and/or risk mitigation purposes) and/or provide additional financial accommodations based on Commodity Intermediary Subject Receivables, and in connection therewith (i) the Administrative Agent releases any Liens securing the Obligations on Commodity Intermediary Subject Inventory, such Swap Contracts and Commodity Intermediary Subject Receivables, and (ii) the Company grants a Lien on Commodity Intermediary Subject Inventory, corresponding Swap Contracts with respect thereto, and Commodity Intermediary Subject Receivables (if any) in favor of such Commodity Intermediary to secure the obligations of the Company to such Commodity Intermediary arising under such Commodity Intermediary Transaction.
View Source
Commodity Intermediary Transaction means a transaction or series of transactions (whether reflected in a single agreement or a set of related agreements) under which a Commodity Intermediary buys from Borrower and/or sells to Borrower or third parties Subject Inventory, and in addition, may enter into Swap Contracts with respect to such Subject Inventory (including for hedging and/or risk mitigation purposes) and/or provide additional financial accommodations based on Subject Receivables, and in connection therewith (i) the Administrative Agent releases any Liens securing the Obligations on Subject Inventory, such Swap Contracts and Subject Receivables, and (ii) Borrower grants a Lien on Subject Inventory, corresponding Swap Contracts with respect thereto, and Subject Receivables (if any) in favor of such Commodity Intermediary to secure the obligations of Borrower to such Commodity Intermediary arising under such Commodity Intermediary Transaction.
View Source

Related to Commodity Intermediary Transaction

  • Commodity intermediary means a person that:

  • Commodity Interests means commodity futures contracts, options on commodity futures contracts, and options on physical commodities traded on or subject to the rules of:

  • 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:

  • Treasury Transaction means any derivative transaction entered into in connection with protection against or benefit from fluctuation in any rate or price.

  • Treasury Transactions means any derivative transaction entered into in connection with protection against or benefit from fluctuation in any rate or price.