Prepayment Contract definition

Prepayment Contract means the pre-payment gas sales contract between OGDC and Hungarian Gas Trading Ltd., a 100 per cent. owned Subsidiary of MVM Group, in an outstanding amount of EUR 8,000,000, entered into in November 2017, for processed gas to be delivered between December 2017 and June 2019.
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Prepayment Contract means any contract under which at the time of entering into the contract, or any connected contract, there are to be performed by one party for the benefit of the other party, or for the benefit of a party to a connected contract, obligations, expressed or implied, with regard to—
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Prepayment Contract means a Contract pursuant to which the Buyer and Seller have agreed payment in advance of Physical Delivery will be made for the Product, as opposed to payment on Trading Account Terms; Price means the price for purchase of the Product as stipulated in the Contract Confirmation or the Invoice (whichever is issued later); Product(s) means the products or services that the Seller may agree to supply to the Buyer pursuant to the Contract from time to time, and as described in the “Description” field of the Contract Confirmation, and shall include Blended Product;
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Examples of Prepayment Contract in a sentence

  • The proceeds of the Loans shall be used (a) to refinance the Existing Credit Facilities, (b) to finance the development of the Borrowing Base Properties including those acquired in the Acquisition, (c) to extinguish the amounts of all Prepayments (as defined in the Vitol Prepayment Contract) (the “Vitol Prepayments”) and (d) for the working capital needs and general corporate purposes of the Loan Parties.

  • The proceeds of the Loans shall be used (a) to refinance the Existing Credit Facilities, (b) to finance the development of the Oil and Gas Properties including those acquired in the Acquisition, (c) to extinguish the amounts of all Prepayments (as defined in the Vitol Prepayment Contract) (the “Vitol Prepayments”), (d) for the payment of fees and expenses in connection with this Agreement, and (e) for the working capital needs and general corporate purposes of the Loan Parties.

  • QUALIFYING WAFER PREPAYMENT CONTRACT" - means a Wafer Prepayment Contract which includes all of the following conditions, which conditions the Borrower shall procure shall not be varied, save with the prior written consent of the Banks or as set forth in clause 16.

  • Disabled; Fund; Independent Institution of Higher Learning; Member of the Family; Payment; Payment Schedule; Program; Projected Enrollment Date; Tuition; and Tuition Prepayment Contract.