Sentences with phrase «b on a future date»

For example: Company A enters into a forward contract to buy 1 million barrels of oil at $ 70 / barrel from company B on a future date.

Not exact matches

Generally applicable provisions» (A) DEFINITIONS. - In this chapter, the following definitions apply:» (1) CONTINGENT COMMITMENT. - The term «contingent commitment» means a commitment to obligate an amount from future available budget authority that is -» (A) contingent on those funds being made available in law at a future date; and» (B) not an obligation of the Federal Government.

(A) The term and principal amount of the loan; (B) An explanation of the type of mortgage loan being offered; (C) The rate of interest that will apply to the loan and, if the rate is subject to change, or is a variable rate, or is subject to final determination at a future date based on some objective standard, a specific statement of those facts; (D) The points and all fees, if any, to be paid by the borrower or the seller, or both; and (E) The term during which the financing agreement remains in effect.

On that future date, Company A would have to pay $ 70 million to company B and in exchange receive 1 million barrels of oil.

For example, in a contract, A promises to buy some trucks from B in some future date, but the number of trucks depends on some events in the future.