Speculative Contract definition
Speculative Contract means any sales agreement or Hedging Agreement (other than any Primary Off-Take Agreement) that (i) is for gas volumes projected in the Base Case Forecast from any Project pursuant to which any payment for such gas is made more than one year in advance of the delivery of any such gas or (ii) that could reasonably be expected to result in an obligation at any time of any Project Company to deliver gas or Environmental Attributes in an amount that exceeds the positive difference between (x) the amount of gas or Environmental Attributes, as applicable, that such Project is then producing and (y) the amount of the delivery requirement for gas or Environmental Attributes, as applicable, under the Primary Off-Take Agreement to which such Project Company is party.