Common use of Commodity Contracts Clause in Contracts

Commodity Contracts. The Commodity Intermediary agrees with the Secured Party and the Grantor that, to the fullest extent permitted by applicable law, all property carried from time to time in the Account will be treated as commodity contracts under Article 8 of the N.Y. Uniform Commercial Code.

Appears in 9 contracts

Sources: Security Agreement, Security Agreement (Dynegy Inc /Il/), Loan Agreement (Consol Energy Inc)