Additional Provisions For Commodity Derivatives Transactions. (a) The 1993 ISDA Commodity Derivatives Definitions, as amended, supplemented, replaced or modified from time to time, (the “Commodity Definitions”) are incorporated by reference in this Agreement and the relevant Confirmations with respect to “Transactions,” as defined by the Commodity Definitions, in commodities, except as otherwise specifically provided in the relevant Confirmation. All terms used in this Part 6 that are not otherwise defined shall have the meanings given to them in the Commodity Definitions. (b) In lieu of Section 7.4(d) of the Commodity Definitions, the “Market Disruption Events” specified in Section 7.4(c)(i), (c)(ii), (c)(iii), (c)(iv), (c)(v) and (c)(viii) of the Commodity Definitions shall apply, except as otherwise specified in the relevant Confirmation. (c) Section 7.4(c)(viii) of the Commodity Definitions is hereby amended by the addition of the following at the end thereof: “For these purposes, a limitation of trading on any Commodity Business Day shall be deemed to be material only if the relevant Exchange establishes limits on the range within which the price of the Futures Contract may fluctuate in the first nearby month and the closing or settlement price of such Futures Contract on such day is at the upper or lower limit of that range.” (d) Section 7.5(e) of the Commodity Definitions is hereby deleted.
Appears in 25 contracts
Sources: Master Agreement, Master Agreement, Master Agreement
Additional Provisions For Commodity Derivatives Transactions. (a) The 1993 ISDA Commodity Derivatives Definitions, as supplemented by the 2000 Supplement thereto and otherwise as amended, supplemented, replaced or modified from time to time, (the “Commodity Definitions”) are incorporated by reference in this Agreement and the relevant Confirmations with respect to “Transactions,” as defined by the Commodity Definitions, in commodities, except as otherwise specifically provided in the relevant Confirmation. All terms used in this Part 6 that are not otherwise defined shall have the meanings given to them in the Commodity Definitions.
(b) In lieu of Section 7.4(d) of the Commodity Definitions, the “Market Disruption Events” specified in Section 7.4(c)(i), (c)(ii), (c)(iii), (c)(iv), (c)(v) and (c)(viii) of the Commodity Definitions shall apply, except as otherwise specified in the relevant Confirmation.
(c) Section 7.4(c)(viii) of the Commodity Definitions is hereby amended by the addition of the following at the end thereof: “For these purposes, a limitation of trading on any Commodity Business Day shall be deemed to be material only if the relevant Exchange establishes limits on the range within which the price of the Futures Contract may fluctuate in the first nearby month and the closing or settlement price of such Futures Contract on such day is at the upper or lower limit of that range.”
(d) Section 7.5(e) of the Commodity Definitions is hereby deleted.
Appears in 11 contracts
Sources: Master Agreement, Master Agreement, Master Agreement
Additional Provisions For Commodity Derivatives Transactions. (a) The 1993 ISDA Commodity Derivatives DefinitionsDefinitions as supplemented by the 2000 Supplement thereto and otherwise, as amended, supplemented, replaced or modified from time to time, (the “Commodity Definitions”) are incorporated by reference in this Agreement and the relevant Confirmations with respect to “Transactions,” as defined by the Commodity Definitions, in commodities, except as otherwise specifically provided in the relevant Confirmation. All terms used in this Part 6 that are not otherwise defined shall have the meanings given to them in the Commodity Definitions.
(b) In lieu of Section 7.4(d) of the Commodity Definitions, the “Market Disruption Events” specified in Section 7.4(c)(i), (c)(ii), (c)(iii), (c)(iv), (c)(v) and (c)(viii) of the Commodity Definitions shall apply, except as otherwise specified in the relevant Confirmation.
(c) Section 7.4(c)(viii) of the Commodity Definitions is hereby amended by the addition of the following at the end thereof: “For these purposes, a limitation of trading on any Commodity Business Day shall be deemed to be material only if the relevant Exchange establishes limits on the range within which the price of the Futures Contract may fluctuate in the first nearby month and the closing or settlement price of such Futures Contract on such day is at the upper or lower limit of that range.”
(d) Section 7.5(e) of the Commodity Definitions is hereby deleted.
Appears in 2 contracts
Sources: Master Agreement, Isda Multicurrency Agreement
Additional Provisions For Commodity Derivatives Transactions. (a) The 1993 ISDA Commodity Derivatives Definitions and the 2000 Supplement to the 1993 ISDA Commodity Derivatives Definitions, as amended, supplemented, replaced or modified from time to time, (the “Commodity Definitions”) are incorporated by reference in this Agreement and the relevant Confirmations with respect to “Transactions,” as defined by the Commodity Definitions, in commodities, except as otherwise specifically provided in the relevant Confirmation. All terms used in this Part 6 that are not otherwise defined shall have the meanings given to them in the Commodity Definitions.
(b) In lieu of Section 7.4(d) of the Commodity Definitions, the “Market Disruption Events” specified in Section 7.4(c)(i), (c)(ii), (c)(iii), (c)(iv), (c)(v) and (c)(viii) of the Commodity Definitions shall apply, except as otherwise specified in the relevant Confirmation.
(c) Section 7.4(c)(viii) of the Commodity Definitions is hereby amended by the addition of the following at the end thereof: “For these purposes, a limitation of trading on any Commodity Business Day shall be deemed to be material only if the relevant Exchange establishes limits on the range within which the price of the Futures Contract may fluctuate in the first nearby month and the closing or settlement price of such Futures Contract on such day is at the upper or lower limit of that range.”
(d) Section 7.5(e) of the Commodity Definitions is hereby deleted.
Appears in 2 contracts
Sources: Master Agreement, Master Agreement
Additional Provisions For Commodity Derivatives Transactions. (a) The 1993 ISDA Commodity Derivatives Definitions, as amended, supplemented, replaced or modified from time to time, (the “Commodity Definitions”) are incorporated by reference in this Agreement and the relevant Confirmations with respect to “Transactions,” as defined by the Commodity Definitions, in commodities, except as otherwise specifically provided in the relevant Confirmation. All terms used in this Part 6 that are not otherwise defined shall have the meanings given to them in the Commodity Definitions. Where a conflict exists between the ISDA 1991 Definitions and the ISDA 1993 Commodity Definitions, the ISDA 1993 Commodity Definitions will prevail.
(b) In lieu of Section 7.4(d) of the Commodity Definitions, the “Market Disruption Events” specified in Section 7.4(c)(i), (c)(ii), (c)(iii), (c)(iv), (c)(v) and (c)(viii) of the Commodity Definitions shall apply, except as otherwise specified in the relevant Confirmation.
(c) Section 7.4(c)(viii) of the Commodity Definitions is hereby amended by the addition of the following at the end thereof: “For these purposes, a limitation of trading on any Commodity Business Day shall be deemed to be material only material, without limitation, if the relevant Exchange establishes limits on the range within which the price of the Futures Contract may fluctuate in the first nearby month and the closing or settlement price of such Futures Contract on such day is at the upper or lower limit of that range.”
(d) Section 7.5(e) of the Commodity Definitions is hereby deleted.
Appears in 1 contract
Sources: Master Agreement
Additional Provisions For Commodity Derivatives Transactions. (a) The 1993 ISDA Commodity Derivatives Definitions, as amended, supplemented, replaced or modified from time to time, (the “"Commodity Definitions”") are incorporated by reference in this Agreement and the relevant Confirmations with respect to “"Transactions,” " as defined by the Commodity Definitions, in commodities, except as otherwise specifically provided in the relevant Confirmation. All terms used in this Part 6 that are not otherwise defined shall have the meanings given to them in the Commodity Definitions.
(b) In lieu of Section 7.4(d) of the Commodity Definitions, the “"Market Disruption Events” " specified in Section 7.4(c)(i), (c)(ii), (c)(iii), (c)(iv), (c)(v) and (c)(viii) of the Commodity Definitions shall apply, except as otherwise specified in the relevant Confirmation.
(c) Section 7.4(c)(viii) of the Commodity Definitions is hereby amended by the addition of the following at the end thereof: “"For these purposes, a limitation of trading on any Commodity Business Day shall be deemed to be material only if the relevant Exchange establishes limits on the range within which the price of the Futures Contract may fluctuate in the first nearby month and the closing or settlement price of such Futures Contract on such day is at the upper or lower limit of that range.”"
(d) Section 7.5(e) of the Commodity Definitions is hereby deleted.
Appears in 1 contract
Additional Provisions For Commodity Derivatives Transactions. (a) The 1993 ISDA Commodity Derivatives Definitions, as amended, supplemented, replaced or modified from time to time, (the “Commodity Definitions”) are incorporated by reference in this Agreement and the relevant Confirmations with respect to “Transactions,” as defined by the Commodity Definitions, in commodities, except as otherwise specifically provided in the relevant Confirmation. All terms used in this Part 6 that are not otherwise defined shall have the meanings given to them in the Commodity Definitions.
(b) In lieu of Section 7.4(d) of the Commodity Definitions, the “Market Disruption Events” specified in Section 7.4(c)(i), (c)(ii), (c)(iii), (c)(iv), (c)(v) and (c)(viii) of the Commodity Definitions shall apply, except as otherwise specified in the relevant Confirmation.
(c) Section 7.4(c)(viii) of the Commodity Definitions is hereby amended by the addition of the following at the end thereof: [PLEASE EXPLAIN THE REASON FOR THIS MODIFICATION] “For these purposes, a limitation of trading on any Commodity Business Day shall be deemed to be material only if the relevant Exchange establishes limits on the range within which the price of the Futures Contract may fluctuate in the first nearby month and the closing or settlement price of such Futures Contract on such day is at the upper or lower limit of that range.”
(d) Section 7.5(e) of the Commodity Definitions is hereby deleted.
Appears in 1 contract
Sources: Master Agreement