MX Electric definition
Examples of MX Electric in a sentence
Facsimile No.: ▇▇▇-▇▇▇-▇▇▇▇ Telephone No.: ▇▇▇-▇▇▇-▇▇▇▇ Notices to MX Holdings, MX or MX Electric: c/o MXenergy Holdings Inc.
Concurrently herewith, the Facility Agent (defined below) is entering into a Master ISDA Agreement with MxEnergy Inc., a Delaware corporation (“MX Energy”), and the Guarantors named therein (the “Master MX Energy ISDA”, which term shall encompass the related ISDA Documents), and a Master ISDA Agreement with MxEnergy Electric Inc., a Delaware corporation (“MX Electric”), and the Guarantors named therein (the “Master MX Electric ISDA”, which term shall encompass the related ISDA Documents).
The Facility Agent may from time to time enter into other Master ISDA Agreements with Affiliates of MX Energy or MX Electric (each such Affiliate, an “Additional MX Party” and, together with MX Energy and MX Electric, the “ISDA Parties”), and the Guarantors named therein (each, an “Additional Master ISDA”, which term shall encompass the related ISDA Documents).
As used herein, the term “Master ISDAs” shall mean the Master MX Energy ISDA, the Master MX Electric ISDA and any Additional Master ISDA.
Without the prior written consent of Party A, Party B shall not directly or indirectly sell Gas to any Person if the reasonably forecasted purchases of such Person indicate purchases from Party B of more than (A) 1500 MMBtus on average per day, (B) $440,000 in actual billed amounts for any 30-day period at the time of such sale, or (C) if MX Electric is concurrently selling Energy to such Person, ▇▇▇ ▇▇▇▇▇ on average per day.
With respect to the termination and liquidation of any SET ▇▇▇▇▇▇ pursuant to clause (iv) of Section 1.06(h), SET shall negotiate the terms of such termination and liquidation in good faith (and without any consideration, stated or unstated, pertaining to any other transaction) and in the event SET incurs any out-of-pocket costs or losses on the liquidation of such SET Hedge, MX or MX Electric, as the case may be, shall pay SET 50% of such costs and losses, if any.
On the Closing Date, SET shall novate to CECG SET’s positions under all of the financially-settled MX Gas Transactions and all of the financially-settled MX Electric Transactions (excluding any portion of such transactions that hedge MX’s or MX Electric’s delivery obligations during the First Month).
The parties acknowledge and agree that the occurrence of an Event of Default with respect to MX, MX Electric or MX Holdings hereunder will be deemed an Event of Default with respect each of MX, MX Electric and MX Holdings.
The Specified Entities of Party B (other than MX Electric, MX Canada, ▇▇▇▇▇▇▇▇▇.▇▇▇ and Online Choice) are engaged solely in holding Equity Interests in the MX Holdcos, Party B, MX Electric and MX Canada and the performance of their duties and obligations under this Agreement, the other ISDA Documents, the Old Notes Indenture, the Indenture and each other document related thereto.
The parties acknowledge and agree that from the date hereof through the Closing Date, all financially settled MX Gas Transactions and MX Electric Transactions shall not include any Gas Adder or Energy Adder; provided, however, that if the Closing Date does not occur on or before the Drop-Dead Date, SET shall be permitted to include the Gas Adder and Energy Adder in any financially settled MX Gas Transactions and MX Electric Transactions executed after such date.