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Amwelladmin (talk | contribs) (Created page with "“'''{{eqderivprov|Hedging Disruption}}'''” means that due to any change in any Rule, or any Regulator promulgating or changing its interpretation of any Rule, after the Tr...") |
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“'''{{ | “'''{{commoddefprov|Hedging Disruption}}'''” means that due to any change in any Rule, or any Regulator promulgating or changing its interpretation of any Rule, after the Trade Date, the {{commoddefprov|Hedging Party}} determines [[in good faith]] that it is not permitted by such Rule to hold, acquire or dispose of its {{commoddefprov|Hedge Positions}}, including where such change the {{commoddefprov|Hedging Party}}’s {{commoddefprov|Hedge Positions}} would exceed of any permitted position limits on any exchange or trading facility (it being within the {{commoddefprov|Hedging Party}}’s sole discretion to determine which of its positions count towards any such limit). | ||
“'''Rule'''” means any applicable law, regulation or rule binding on the hedging Party, including the rules of any Exchange. | “'''Rule'''” means any applicable law, regulation or rule binding on the hedging Party, including the rules of any Exchange. | ||
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“'''Regulator'''” means any court, tribunal or regulatory authority with competent jurisdiction. | “'''Regulator'''” means any court, tribunal or regulatory authority with competent jurisdiction. | ||
“''' | “'''Hedge Positions'''” means any positions in commodities, exchange-traded commodity derivatives or over-the-counter commodity derivatives entered into in order to hedge the {{commoddefprov|Hedging Party}}’s obligations under this {{commoddefprov|Transaction}}. |