Forward Contracts. The Parties agree that the transactions contemplated in this Agreement constitute a “forward contract” within the meaning of the United States Bankruptcy Code, and that each Party is a “forward contract merchant” within the meaning of the United States Bankruptcy Code.
Appears in 2 contracts
Sources: Gas Gathering Agreement, Gas Gathering Agreement (GMX Resources Inc)
Forward Contracts. The Parties acknowledge and agree that the transactions contemplated in this Agreement all Transactions constitute a “forward contractcontracts” within the meaning of the United States Bankruptcy Code, Code and the Parties further acknowledge and agree that BUYER and SELLER are each Party is a “forward contract merchantmerchants” within the meaning of the United States Bankruptcy Code.
Appears in 2 contracts
Sources: Fuel Oil Purchase Contract, Fuel Oil Purchase Contract