Forward Sale Contract definition
Examples of Forward Sale Contract in a sentence
Capitalized terms in this Agreement, unless otherwise defined in this Section 1 or in other provisions of this Agreement, shall have meanings given to such terms in the Forward Sale Contract.
Without the consent of Purchaser, Seller may (A) assign this Agreement to any direct or indirect wholly owned subsidiary of Enron or (B) merge with any direct or indirect wholly owned subsidiary of Enron; provided, however, that (1) such subsidiary agrees to assume all obligations under this Agreement and the Forward Sale Contract, (2) such subsidiary is a corporation incorporated under the laws of a state in the United States and (3) the Guaranty Agreement remains in effect.
Other capitalized terms used in this Agreement, unless otherwise defined in Section 1.01 or in other provisions of this Agreement, shall have the meaning given such terms in the Forward Sale Contract.
Seller has agreed to provide security for its obligations under the Forward Sale Contract under the conditions and in accordance with the terms provided herein.
Beneficiary has entered into the Forward Sale Contract (hereinafter defined) with Enron North America Corp., a Delaware corporation ("ENAC").
The Call shall terminate five years after the date of termination of the Forward Sale Contract.
Notwithstanding any failure of A▇▇▇ to provide such confirmation, the Parties shall be bound by the terms of such Forward Sale Contract, which shall be a legally binding contact between the Parties from the moment it is deemed entered into pursuant to Section 4.1 above.
Where the Dairy Forward Sale Contract states that the Agreement is conditional on Finance, this Agreement is conditional on the Purchaser obtaining finance by the date specified for satisfaction of that condition in the Dairy Forward Sale Contract.
Seller and Purchaser have agreed to provide security for their obligations under the Forward Sale Contract under the conditions and in accordance with the terms provided herein.
By: _________________________________________ Name: ______________________________________ Title: MAHONIA NATURAL GAS LIMITED By: _________________________________________ Name: ______________________________________ Title: _______________________________________ [Signature Page - Natural Gas Inventory Forward Sale Contract between Enron North America Corp.