Commodity Swap Agreement definition

Commodity Swap Agreement any agreement with respect to any swap, forward, future or derivative transaction or option or similar agreement involving, or settled by reference to, commodities.
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Commodity Swap Agreement means any contract for sale for future delivery of commodities (whether or not the subject commodities are to be delivered), hedging contract, forward contract, swap agreement, futures contract or other commodity pricing protection agreement or option with respect to any such transaction, designed to hedge against fluctuations in prices of the subject commodities.
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Commodity Swap Agreement means any Swap Agreement involving or settled by reference to one or more commodities.
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Examples of Commodity Swap Agreement in a sentence

  • In order to have its gas price exposure consistent with prevailing market rates, the Authority entered into a natural gas Commodity Swap Agreement with JPMorgan Chase Bank (Counterparty).

  • As a review, please also read the handout on constructing MCQ’s which is included in this folder.

  • The index price paidby the Authority is expected to approximate the price paid by the City under the Supply Agreement.The monthly quantity and term of the Commodity Swap Agreement are matched to those of the Supply Agreement.Detail of the commodity swap agreement is discussed in Note 12.

  • Deliver to Purchaser a true and correct copy of a fully executed Master Commodity Swap Agreement (the "Swap Agreement") between Rio Grande and Koch Oil Company, a division of Koch Industries, Inc., pexxxxning to crude oil in form anx xxbstance satisfactory to Purchaser, Rio Grande and the Senior Lenders.

  • Swap Agreements means the Asset Swap Agreement and the Commodity Swap Agreement.

  • The index price paid by the Authority is expected to approximate the price paid by the City under the Supply Agreement.The monthly quantity and term of the Commodity Swap Agreement are matched to those of the Supply Agreement.

  • On or about the 24th April, 2015 and 181’1 day of May, 2015 respectively the 1st Claimant signed a memorandum of Agreement, Storage Agreement and Commodity Swap Agreement with the Strategic Fund of South Africa.

  • Commodity Swap Guarantee: The Commodity Swap Agreement is unconditionally and irrevocably guaranteed by the Commodity Swap Guarantor.


More Definitions of Commodity Swap Agreement

Commodity Swap Agreement means, with respect to any Person, any physical or financial transaction for the forward or future purchase or sale of gas, gas transportation, coal, coal transportation, electric energy, electric capacity, electric transmission or related products to or under which such Person is a party or a beneficiary on the Closing Date or becomes a party or a beneficiary thereafter, in each case to the extent such transaction is entered into for operations or hedging purposes.
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Commodity Swap Agreement means any commodity swap agreement or other similar agreement or arrangement.
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Commodity Swap Agreement means any Hedge Agreement involving or settled by reference to one or more commodities.
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Commodity Swap Agreement means any agreement with respect to any swap, forward, future or derivative transaction or option or similar agreement involving or related to the conduct of the Borrower’s operations, or settled by reference to one or more metal commodities, energy commodities, interest rate derivatives, or foreign currency arrangements, in each case, entered in the ordinary course of business consistent with past practice and not for any speculative purposes. “Communications” has the meaning assigned to such term in Section 9.01(d). “Connection Income Taxes” means Other Connection Taxes that are imposed on or measured by net income (however denominated) or that are franchise Taxes or branch profits Taxes. “Consolidated Adjusted EBITDA” means, for any period, Net Income for such period plus, the sum, without duplication, during such period of: (i) Net Interest Expense (Income); (ii) plus income tax expense as recorded in Holdings’ statement of consolidated operations; (iii) plus all amounts attributable to depreciation and amortization expense; (iv) (a) minus any extraordinary income or (b) plus any extraordinary expense; (v) plus any other net expenses or charges that do not constitute reserves, whether or not otherwise includable as a separate item in the statement of such Net Income, including the following: (1) (a) minus any gains or (b) plus any losses, in each case, due to the depletion of a last-in-first-out layer of Inventory; (2) (a) minus any gains or (b) plus any losses, in each case, due to recording lower of cost or market adjustments to Inventory; (3) (a) minus any gains or (b) plus any losses, in each case, incurred due to restructuring and other business transformation charges, including severance, and net losses from disposed, abandoned, transferred, closed, or discontinued operations; provided that the amounts added back to Net Income pursuant to this clause (v)(3) shall not exceed $10,000,000 in the aggregate during any trailing twelve calendar month period; and (4) plus non-cash share-based compensation activity from stock compensation awards to employees and board of director members permitted under this Agreement; (vi) (a) minus any unrealized profits or (b) plus any unrealized losses, in each case, arising from Swap Agreements (including Commodity Swap Agreements) of the Borrower and its Subsidiaries; (vii) (a) minus any income or gain or (b) plus any expenses or charges incurred, in each case, as a result of the early extinguishment of Indebtedness...
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Commodity Swap Agreement means that certain commodity price hedge agreement or agreements (including any schedule(s) and confirmation(s) included as a part thereof) entered into by the Authority with the Commodity Swap Counterparty in connection with the Project and for the term thereof, or any replacement agreement entered into by the Authority pursuant to the Loan Agreement, under the terms of which the Authority agrees, for each month of the term of the Gas Purchase Contract, to pay a floating price in exchange for the receipt by the Authority of a fixed price with respect to notional quantities of Gas for such month corresponding to the Daily Contract Quantities for such month.
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Commodity Swap Agreement means any Swap Agreement involving or settled by reference to one or more commodities. “Company” means Kaiser Aluminum Corporation, a Delaware corporation.
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Related to Commodity Swap Agreement

  • Commodity Hedging Agreement means a commodity hedging or purchase agreement or similar arrangement entered into with the intent of protecting against fluctuations in commodity prices or the exchange of notional commodity obligations, either generally or under specific contingencies.

  • Commodity Hedging Agreements means, in respect of a Person, any commodity purchase contract, commodity futures or forward contract, commodities option contract or other similar contract (including commodities derivative agreements or arrangements), to which such Person is a party or a beneficiary.

  • Swap Agreement means any agreement with respect to any swap, forward, future or derivative transaction or option or similar agreement involving, or settled by reference to, one or more rates, currencies, commodities, equity or debt instruments or securities, or economic, financial or pricing indices or measures of economic, financial or pricing risk or value or any similar transaction or any combination of these transactions; provided that no phantom stock or similar plan providing for payments only on account of services provided by current or former directors, officers, employees or consultants of the Borrower or the Subsidiaries shall be a Swap Agreement.

  • Swap Agreements means any agreement with respect to any swap, forward, future or derivative transaction or option or similar agreement involving, or settled by reference to, one or more rates, currencies, commodities, equity or debt instruments or securities, or economic, financial or pricing indices or measures of economic, financial or pricing risk or value or any similar transaction or any combination of these transactions; provided that no phantom stock or similar plan providing for payments only on account of services provided by current or former directors, officers, employees or consultants of the Borrowers or the Subsidiaries shall be a Swap Agreement.

  • Currency Swap Agreement means any currency swap agreement, including all schedules and confirmations thereto, entered into by the Issuer and the Currency Swap Counterparty, as the same may be amended, supplemented, renewed, extended or replaced from time to time.

  • 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:

  • Secured Swap Agreement means a Swap Agreement between (a) any Loan Party and (b) a Secured Swap Provider.

  • Specified Swap Agreement any Swap Agreement entered into by the Borrower and any Qualified Counterparty (or any Person who was a Qualified Counterparty as of the Closing Date or as of the date such Swap Agreement was entered into) in respect of interest rates to the extent permitted under Section 7.13.

  • Interest Rate Swap Agreement means the agreement(s) (including any further replacement agreements) entered into between the Guarantor LP and the Interest Rate Swap Provider(s) in the form of an ISDA Master Agreement, as the same may be amended, varied, supplemented, restated or extended from time to time, including a schedule and confirmations in relation to each Tranche or Series of Covered Bonds;

  • 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 derivatives means commodity derivatives as defined in Article 2(1)(30) of Regulation (EU) No 600/2014;

  • Commodity Agreements means, in respect of any Person, any forward contract, commodity swap agreement, commodity option agreement or other similar agreement or arrangement in respect of Hydrocarbons used, produced, processed or sold by such Person that are customary in the Oil and Gas Business and designed to protect such Person against fluctuation in Hydrocarbon prices.

  • 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.

  • Swap Contract means (a) any and all rate swap transactions, basis swaps, credit derivative transactions, forward rate transactions, commodity swaps, commodity options, forward commodity contracts, equity or equity index swaps or options, bond or bond price or bond index swaps or options or forward bond or forward bond price or forward bond index transactions, interest rate options, forward foreign exchange transactions, cap transactions, floor transactions, collar transactions, currency swap transactions, cross-currency rate swap transactions, currency options, spot contracts, or any other similar transactions or any combination of any of the foregoing (including any options to enter into any of the foregoing), whether or not any such transaction is governed by or subject to any master agreement, and (b) any and all transactions of any kind, and the related confirmations, which are subject to the terms and conditions of, or governed by, any form of master agreement published by the International Swaps and Derivatives Association, Inc., any International Foreign Exchange Master Agreement, or any other master agreement (any such master agreement, together with any related schedules, a “Master Agreement”), including any such obligations or liabilities under any Master Agreement.

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

  • Approved Counterparty means (a) any Lender or any Affiliate of a Lender and (b) any other Person whose long term senior unsecured debt rating is A-/A3 by S&P or Xxxxx’x (or their equivalent) or higher.

  • Derivative Contract means (a) any and all rate swap transactions, basis swaps, credit derivative transactions, forward rate transactions, commodity swaps, commodity options, forward commodity contracts, equity or equity index swaps or options, bond or bond price or bond index swaps or options or forward bond or forward bond price or forward bond index transactions, repurchase transactions, interest rate options, forward foreign exchange transactions, cap transactions, floor transactions, collar transactions, currency swap transactions, cross-currency rate swap transactions, currency options, spot contracts, or any other similar transactions or any combination of any of the foregoing (including any options to enter into any of the foregoing), whether or not any such transaction is governed by or subject to any master agreement, and (b) any and all transactions of any kind, and the related confirmations, which are subject to the terms and conditions of, or governed by, any form of master agreement published by the International Swaps and Derivatives Association, Inc., any International Foreign Exchange Master Agreement, or any other master agreement, including any such obligations or liabilities under any such master agreement.

  • Interest Swap and Hedging Obligation means any obligation of any Person pursuant to any interest rate swap agreement, interest rate cap agreement, interest rate collar agreement, interest rate exchange agreement, currency exchange agreement or any other agreement or arrangement designed to protect against fluctuations in interest rates or currency values, including, without limitation, any arrangement whereby, directly or indirectly, such Person is entitled to receive from time to time periodic payments calculated by applying either a fixed or floating rate of interest on a stated notional amount in exchange for periodic payments made by such Person calculated by applying a fixed or floating rate of interest on the same notional amount.

  • Hedging Contract means (a) any agreement providing for options, swaps, floors, caps, collars, forward sales or forward purchases involving interest rates, commodities or commodity prices, equities, currencies, bonds, or indexes based on any of the foregoing, (b) any option, futures or forward contract traded on an exchange, and (c) any other derivative agreement or other similar agreement or arrangement.

  • Interest Rate Hedge Agreement means any swap, cap, collar, forward purchase or similar agreements or arrangements entered into by a Borrower or one of its Affiliates in connection with the Loan Facility for the sole purpose of reducing a Borrower’s exposure to interest rate risk and not for speculative purposes.

  • Swap Agreement Obligations means any and all obligations of the Loan Parties and their Subsidiaries, whether absolute or contingent and howsoever and whensoever created, arising, evidenced or acquired (including all renewals, extensions and modifications thereof and substitutions therefor), under (a) any Swap Agreement permitted hereunder with a Lender or an Affiliate of a Lender, and (b) any cancellations, buy backs, reversals, terminations or assignments of any Swap Agreement transaction permitted hereunder with a Lender or an Affiliate of a Lender.

  • Hedging Agreement means any interest rate protection agreement, foreign currency exchange agreement, commodity price protection agreement or other interest or currency exchange rate or commodity price hedging arrangement.

  • Hedging Arrangement means a hedge, call, swap, collar, floor, cap, option, forward sale or purchase or other contract or similar arrangement (including any obligations to purchase or sell any commodity or security at a future date for a specific price) which is entered into to reduce or eliminate or otherwise protect against the risk of fluctuations in prices or rates, including interest rates, foreign exchange rates, commodity prices and securities prices.

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

  • Rate Hedging Agreement means an agreement, device or arrangement providing for payments which are related to fluctuations of interest rates, exchange rates or forward rates, including, but not limited to, dollar-denominated or cross-currency interest rate exchange agreements, forward currency exchange agreements, interest rate cap or collar protection agreements, forward rate currency or interest rate options, puts and warrants.

  • Interest Rate Hedging Agreement means any interest rate protection agreement or other interest rate hedging arrangement.