Physical Contract definition

Physical Contract means a Transaction the terms of which are comparable with the terms of Futures Contract, which is not entered into on or back-to-back with a transaction entered into by us on a Market;
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Physical Contract means a Transaction the terms of which are comparable with the terms of Futures Contract, which is not entered into on or back-to-back with a transaction entered into by us on a Market.
Sample 1Sample 2Sample 3
Physical Contract means a transaction the terms of which are comparable with the terms of a Futures Contract, which is not entered into (i) on an exchange or (ii) back-to-back with a transaction entered into by us on an exchange;
Sample 1Sample 2Sample 3

Examples of Physical Contract in a sentence

  • Subject to the terms of any particular EFP Transaction, in relation to each EFP Transaction, upon our becoming bound to Futures Contracts entered into in replication of the Physical Contract, the Physical Contract shall be automatically discharged.

  • Subject to the terms of any particular Reverse EFP Transaction, in relation to each Reverse EFP Transaction, the Physical Contract with you shall arise automatically upon the closing out (including by creation of opposite positions, on the relevant Market) of the Futures Contracts which the Physical Contract is intended to replace.

  • The Selling Customer shall however use reasonable endeavours to recover from the Selling Customer’s Suppliers any demurrage for which the Buying Customer has presented a claim in accordance with the terms of the Physical Contract.

  • Late receipt by the Buyer of the Seller's Layday Notice shall not constitute or be treated as a breach of the Seller's obligations entitling the Buyer to treat any Physical Contract as having been repudiated by the Seller, and the Buyer expressly waives, relinquishes and foregoes any such entitlement.

  • The terms of each Physical Contract will be the obligations specified to apply to the Selling Customer and the Buying Customer in this Chapter 10.

  • For the avoidance of doubt, the Contract shall remain in full force and effect following the creation of the Physical Contract and all rights and obligations between the Parties to the Contract shall remain intact.

  • Subject to the terms of any particular Reverse EFP Transaction, in relation to each Reverse EFP Transaction, the Physical Contract with you shall arise automatically upon the closing out of the relevant Futures Contracts which the Physical Contract is intended to replace.

  • If the Seller is not a Primary Supplier and the Physical Contract is not a First Primary Sale, then the Seller must give the Buyer the Layday Notice within one (1) business hour after the time the Seller received notice of the Laydays from the Seller’s Suppliers and by no later than 18:00 (Singapore time) on the fifteenth (15th) day of Prior Month (or, if that day is not a Singapore Business Day then by 18:00 (Singapore time), on the preceding Singapore Business Day).

  • The client has permitted the member brokers to provide Electronic Contract Notes - ECN (Here & after referred to as Electronic Document) authenticated by the means of digital signature in substitute of Physical Contract Notes.

  • If the Vessel concerned loads Oil under a Contract as well as other Oil at the Loading Point, the Selling Customer’s liability to the Buying Customer under the Physical Contract in respect of that Contract shall be limited to that proportion of the total demurrage due that is equal to the ratio of the Oil loaded under the Contract in relation to the total quantity of Oil loaded on the Vessel concerned at the Loading Point.


More Definitions of Physical Contract

Physical Contract means any contract for the physical delivery of energy (including, without limitation, energy in the form of natural gas, natural gas liquids or electricity) that the Partnership reasonably expects to perform by actual delivery of product to the counter-party.
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Related to Physical Contract

  • Original contractor means a person, including an owner-builder, that contracts with an owner to provide preconstruction service or construction work.

  • Original Contract means the initial contract or price agreement solicited and awarded during a cooperative procurement by an administering contracting agency.

  • Company Material Contract has the meaning set forth in Section 3.15(a).

  • Company Material Contracts has the meaning set forth in Section 3.18(a).

  • Residential contractor means a licensed contractor that holds an endorsement as a:

  • Governmental contract means a contract awarded by a govern- mental entity for general construction, an improvement, a service, or a public works project or for a purchase of supplies, materials, or equipment. The term includes a contract to obtain professional ser- vices subject to Government Code 2254. Gov’t Code 2252.151(3)

  • Individual contract means a contract for health care services issued to and covering an individual. The individual contract may include dependents of the subscriber.

  • Service Contracts means contracts or agreements, such as maintenance, supply, service or utility contracts.

  • Major Subcontract means any Subcontract with a Subcontractor for those portions of the Work listed in Section 1.3 of Attachment G.

  • Architect/Engineer (A/E means a person registered as an architect pursuant to Tex. Occ. Code Ann., Ch. 1051, as a landscape architect pursuant to Tex. Occ. Code Ann., Ch. 1052, a person licensed as a professional engineer pursuant Tex. Occ. Code Ann., Ch. 1001, and/or a firm employed by Owner or Design-Build Contractor to provide professional architectural or engineering services and to exercise overall responsibility for the design of a Project or a significant portion thereof, and to perform the contract administration responsibilities set forth in the Contract.

  • Construction Contracts means the contracts between Lessee and Contractors for the furnishing of labor, services or materials to the Leased Premises in connection with the construction of the Improvements.

  • Central Contracts and Legal Services means the DSHS central headquarters contracting office, or successor section or office.

  • Home improvement contract means an oral or written

  • Major Contract means (i) any management agreement relating to the Properties or the Loan Parties, (ii) any agreement between any Loan Party and any Affiliate of any Relevant Party and (iii) any brokerage, leasing, cleaning, maintenance, service or other contract or agreement of any kind (other than Leases) relating to the Properties, in each case involving payment or expense of more than One Million and No/100 Dollars ($1,000,000) during any twelve (12) month period, unless cancelable on thirty (30) days or less notice without requiring payment of termination fees or payments of any kind.

  • Project Contract means a Project Contract as such term is defined in the RfP; “Proposal” means a Proposal as such term is defined in the RfP;

  • works contract means a contract for building, construction, fabrication, completion, erection, installation, fitting out, improvement, modification, repair, maintenance, renovation, alteration or commissioning of any immovable property wherein transfer of property in goods (whether as goods or in some other form) is involved in the execution of such contract;

  • Initial Contracts means those Contracts conveyed to the Trust on the Closing Date.

  • Contracts Finder means the Government’s publishing portal for public sector procurement opportunities;

  • Contract Documents means the documents listed in the Contract Agreement, including any amendments thereto.

  • Special Contract Attachments means any attachment to this Contract.

  • Equipment Lease means a Contract for the lease of Equipment or for the purchase of Equipment under a conditional sales or title retention agreement.

  • Construction Contract or “contract” means a written agreement between a contractor and a public agency for the construction, alteration, demolition, or repair of a facility, other than a contract having a dollar value of less than $30,000.00 or a contract that provides for 3 or fewer payments.

  • Environmental Agreement means the Environmental Indemnification and Release Agreement of even date herewith by and between Borrower and Lender pertaining to the Property, as the same may from time to time be extended, amended, restated or otherwise modified.

  • Registered contract means a variable annuity contract or variable life insurance policy subject to the prospectus delivery requirements of the Securities Act of 1933.

  • Building Contract means a contract entered under Transportation Code, Chapter 223, Subchapter A for the construction or maintenance of a Department building or appurtenant facilities and considered to be a Highway Improvement Contract as defined in Texas Administrative Code, § 9.11.

  • public works contract means any agreement between any individual, firm or corporation and the State or any political subdivision of the State other than a municipality for construction, rehabilitation, conversion, extension, demolition or repair of a public building, highway or other changes or improvements in real property, or which is financed in whole or in part by the State, including, but not limited to, matching expenditures, grants, loans, insurance or guarantees.