Commodity Transaction definition

Commodity Transaction means Commodity Option, Commodity Swap and Transaction with Unallocated Gold (as defined under points 4.1, 5.1 and 6.1 of Article IV in these Terms and Conditions).

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Commodity Transaction means (i) spot, forward, futures, option, deposit, consignment, loan, lease, swap, exchange, sale, purchase and repurchase (including reverse repurchase and prepaid forward transactions) transactions, hedge transactions, allocated transactions, unallocated transactions, forward rate agreements, cap agreements, floor agreements, collar agreements, or any combination thereof or option or derivative thereon or similar transaction, in any case involving any Commodity or indices on, or comprised of, any Commodity; (ii) dealing, market-making, clearing, brokering, trading, marketing, buying, selling or distributing Commodities or transactions of the type described in clause (i) of this definition; and (iii) refining, processing, blending, tolling, otherwise altering, producing, marketing, distributing (at wholesale and retail), storing, shipping, transporting and generating Commodities through agreements with third parties;

Commodity Transaction means (i) spot, forward, futures, option, deposit, consignment, loan, lease, swap, exchange, sale, purchase and repurchase (including reverse repurchase and prepaid forward transactions) transactions, hedge transactions, allocated transactions, unallocated transactions, forward rate agreements, cap agreements, floor agreements, collar agreements, or any combination thereof or option or derivative thereon or similar transaction, in any case involving any Commodity or indices on, or comprised of, any Commodity; (ii) dealing, market-making, clearing, brokering, trading, marketing, buying, selling or distributing Commodities or transactions of the type described in clause (i) of this definition; and (iii) refining, processing, blending, tolling, otherwise altering, producing, marketing, distributing (at wholesale and retail), stor ing, shipping, transporting and generating Commodities through agreements with third parties;

Examples of Commodity Transaction in a sentence

If the Market Price is less than the Contract Price in a Commodity Transaction, the buying party shall pay the Settlement Amount to the selling party.
If the Market Price exceeds the Contract Price in a Commodity Transaction, the selling party shall pay the Settlement Amount to the buying party.
If the Market Price is equal to the Contract Price in a Commodity Transaction, no Settlement Amount shall be due.
However, if this Agreement provides for more than one Commodity Transaction, or if Settlement Amounts are due under other agreements terminated by the Liquidating Party, the Settlement Amounts due to each party for such Commodity Transactions and/or agreements shall be aggregated.
With respect to each terminated Commodity Transaction, the Settlement Amount shall be equal to the contract quantity of crude oil, multiplied by the difference between the contract price per barrel specified in this Agreement (the “Contract Price”) and the market price per barrel of crude oil on the date the Liquidating Party terminates this Agreement (the “Market Price”).
For each relevant Gas Day, the delivery or receipt obligations of each party to a relevant Commodity Transaction (other than the Defaulting Participant), as adjusted under clause 20.6.3 or 20.6.4, are to be included in the calculations under clause 14A.3.
If this Agreement provides for multiple deliveries of one or more types of crude oil in the same or different delivery months, or for the purchase or exchange of crude oil by the parties, all deliveries under this Agreement to the same party at the same delivery location during a particular delivery month shall be considered a single commodity transaction ("Commodity Transaction") for the purpose of determining the Settlement Amount(s).
We or Our Commodity Transaction Agents shall not be deemed to give to the Cardmember and/or the Company any warranty or representation whatsoever relating to the Commodities whether arising by implication, by law or otherwise and without prejudice to the generality of the foregoing, any such warranty or representation is hereby expressly excluded to the extent permitted by law.
With respect to each terminated Commodity Transaction, the Settlement Amount shall be equal to the contract quantity of crude oil, multiplied by the difference between the contract price per barrel specified in this Agreement (the "Contract Price") and the market price per barrel of crude oil on the date the Liquidating Party terminates this Agreement (the "Market Price").
The value date of a FX or Commodity Transaction shall be the date payment or delivery is due from the Client to UOBKH or vice versa and as stated in the Confirmation.

More Definitions of Commodity Transaction

Commodity Transaction means any Transaction the object of which is the payment of amounts of money calculated by refer- ence to commodity prices or Commodity Indices;

Commodity Transaction means any transaction (including any agreement with respect to any such transaction) now existing or hereafter entered into between MSCG or any of its affiliates and the Borrower or any of its affiliates (or any other person if guaranteed by the Borrower) which is a forward, swap, future, option or other similar transaction relating to one or more commodities.