Physical Commodity Contract definition
Physical Commodity Contract a contract for the purchase, sale, transfer or exchange of any physical Eligible Commodity.
Physical Commodity Contract means a derivative to which all of the following apply:
Physical Commodity Contract a contract for the purchase, sale, transfer or exchange of any physical Eligible Commodity. “Plan”: at a particular time, any employee benefit plan which is covered by ERISA and in respect of which any of the Loan Parties or a Commonly Controlled Entity is (or, if such plan were terminated at such time, would under Section 4069 of ERISA be deemed to be) an “employer” as defined in Section 3(5) of ERISA or to which any Loan Party or Commonly Controlled Entity has any actual or contingent liability. “Platform”: as defined in Section 11.2. “Pledge Agreements”: collectively, the Canadian Pledge Agreement and the U.S. Pledge Agreement. “Pledged Accounts”: all Commodity Accounts, Deposit Accounts (other than Excluded Accounts) and Securities Accounts of any Grantor. “Pledged Collateral”: the “Pledged Collateral” as defined in the U.S. Pledge Agreement or the Canadian Pledge Agreement, as applicable. “Position Report”: a position report in form and substance substantially similar to Exhibit M of either the U.S. Borrower or the Canadian Borrower, as applicable, which shows in detail the calculations supporting, as applicable (i) the U.S. Borrower’s certification of the compliance by the Loan Parties (other than the Canadian Borrower and its Subsidiaries) with the position limits in the Risk Management Policy that are applicable to such Loan Parties and (ii) the Canadian Borrower’s certification of the compliance by the Canadian Borrower and its Subsidiaries with the position limits in the Risk Management Policy that are applicable to the Canadian Borrower and its Subsidiaries. “Post-Termination LOC”: as defined in Section 3.6(c). “PPSA”: the Personal Property Security Act (Ontario), including the regulations thereto, provided that, if perfection or the effect of perfection or non-perfection or the priority of any Lien created hereunder on the Collateral is governed by the personal property security legislation or other applicable legislation with respect to personal property security in effect in a jurisdiction other than Ontario, “PPSA” means the Personal Property Security Act, including the regulations thereto, or such other applicable legislation in effect from time to time in such other jurisdiction for purposes of the provisions hereof relating to such perfection, effect of perfection or non-perfection or priority. “Previous Credit Agreement”: that certain Credit Agreement, dated as of May 28, 2010, as amended pursuant to (i) the First Amendment to Credit Agr...
More Definitions of Physical Commodity Contract
Physical Commodity Contract means any contract for the supply of a commodity traded on a spot market which is promptly delivered when the transaction is settled, including any forward and derivatives contracts that must settled physically and that are not financial instruments.
Physical Commodity Contract a contract for the purchase, sale, transfer or exchange of any physical Eligible Commodity. “Plan”: at a particular time, any employee benefit plan which is covered by ERISA and in respect of which any of the Loan Parties or a Commonly Controlled Entity is (or, if such plan were terminated at such time, would under Section 4069 of ERISA be deemed to be) an “employer” as defined in Section 3(5) of ERISA or to which any Loan Party or Commonly Controlled Entity has any actual or contingent liability. “Platform”: as defined in Section 11.2. “Pledge Agreements”: collectively, the Canadian Pledge Agreement, the U.S. Pledge Agreement and the Dutch Membership Pledge Agreement. “Pledged Accounts”: all Commodity Accounts, Deposit Accounts (other than Excluded
Physical Commodity Contract means a futures contract that
Physical Commodity Contract a contract for the purchase, sale, transfer or exchange of any physical Eligible Commodity. “Plan”: at a particular time, any employee benefit plan which is covered by ERISA and in respect of which any of the Loan Parties or a Commonly Controlled Entity is (or, USActive 56005294.956005294.16- 91-
Physical Commodity Contract means a derivative or derivative-like security that is not listed for trading on an exchange, that both