EFP definition

EFP means the purchase, sale or exchange of natural Gas as the "physical" side of an exchange for physical transaction involving gas futures contracts. EFP shall incorporate the meaning and remedies of "Firm", provided that a party’s excuse for nonperformance of its obligations to deliver or receive Gas will be governed by the rules of the relevant futures exchange regulated under the Commodity Exchange Act.

EFP means an exchange of futures for physicals that involves contemporaneous transactions in futures contracts and the underlying cash commodity or a closely related commodity.

EFP means the purchase, sale or exchange of Electricity as the "physical" side of an exchange for physical transaction involving Electricity futures contracts. EFP shall incorporate the meaning and remedies of "Firm", provided that a party’s excuse for nonperformance of its obligations to deliver or receive Electricity will be governed by the rules of the relevant futures exchange regulated under the Commodity Exchange Act.

Examples of EFP in a sentence

• Whenever two (2) or more Engineers are assigned to an EFP assignment, one of such Engineers will be designated as the Engineer in Charge.

• In liquidating Customer’s long or short position, Xxxxxxxxxx, in its sole discretion, may sell or purchase in the same contract month or initiate new long or short positions in order to establish a spread or straddle which in Xxxxxxxxxx’x judgment may be necessary or advisable to protect existing positions in Customer’s account, including by means of an EFP, EFS, EFO, or EFR or similar transaction.

• Notwithstanding anything which may be contained in this Agreement to the contrary, any and all duties under this Agreement, including lighting as set forth below, may be performed by one (1) Engineer assigned by the Company to an EFP assignment using one (1) electronic camera and associated equipment, which camera has the capability of being hand held.

• Lighting on EFP assignments covered by this Subsection 7.0l(c) shall be limited to four (4) lights of any type, with no limitation on the use of reflectors, and shall not include the use of the existing stage lighting, if any.

• XII/300 published draft of EFP and PART to be sent to ART for approval 29 November 2023 Signing of the new PSC for the period 1 December 2023 – 30 November 2033 ACT 2022 (€mln) 9M 2023 (€mln) Avg.

More Definitions of EFP

EFP means, when used in a Confirmation of a Gas Transaction, the purchase, sale or exchange of natural Gas as the "physical" side of an exchange for physical transaction involving gas futures contracts. EFP shall incorporate the meaning and remedies of "Firm", provided that a party’s excuse for nonperformance of its obligations to deliver or receive Gas will be governed by the rules of the relevant futures exchange regulated under the U.S. Commodity Exchange Act (7 U.S. Code 1, as amended).

EFP means an exchange of Futures Contracts for physical Commodities and is further defined in Rule 416.

EFP is the Floor Price in effect on the dealing day immediately prior to the QTE Effective Date.

EFP. ’ means the Commission’s Electronic Filing Procedures.

EFP means the Commission's Electronic Filing Procedures.

EFP means the economic and financial plan relating to concessions to operate Italian toll motorways;

EFP means Electronic Field Production.