Common use of Additional Provisions For Commodity Derivatives Transactions Clause in Contracts

Additional Provisions For Commodity Derivatives Transactions. All terms used in this Part 6 that are not otherwise defined shall have the meaning given to them in the Commodity Definitions. (a) 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. (b) 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.” (c) Section 7.5(e) of the Commodity Definitions is hereby deleted.