NAESB Contract definition

NAESB Contract means the Base Contract for the Sale and Purchase of Natural Gas published by the North American Energy Standards Board, Inc.
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NAESB Contract means that certain Base Contract for Sale and Purchase of Natural Gas, dated March 1, 2019, by and between Seller and SENA.
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Examples of NAESB Contract in a sentence

  • The NAESB Contract (and its predecessor, the GISB Contract) may be modified by the incorporation of “Special Provisions” to those contracts.

  • Separate payment netting agreements may be used to compensate for the lack of a netting provision in a particular deal; however, most netting is included as part of the standard NAESB Contract and ISDA and separate netting agreements are discouraged.

  • Individual customized purchase and sale agreements, i.e., contracts other than the NAESB Contract and the ISDA, are discouraged and will only be entered into under special circumstances.

  • Physical deals are typically transacted under the -21- NAESB Contract, but may be transacted under a customized purchase and sale agreement.

  • The 2002 NAESB Standard Contract is being used rather than any other NAESB Contract because it more closely describes the contractual relationship required in the DGS 2020 Full Requirements South Contract.

  • Further, Working Interest Owner shall cause the Production Payment Hydrocarbons purchased from Royalty Owner pursuant to this Agreement to be delivered to EPL for sale to Royalty Interest owner pursuant to the terms of the Endeavor NAESB Contract.