Funds Transfer Agency Agreement printable pdf download

Funds Transfer Agency Agreement

FUNDS TRANSFER AGENCY AGREEMENT

This Funds Transfer Agency Agreement ("FTA Agreement") is made and entered into as of

[_________ __, 199_,] by [Marketer] (“Buyer”), [Bank] ("Fund Transfer Agent" or "FTA"), and [Supplier]

("Seller").

ARTICLE I

SCOPE OF AGREEMENT

1.1

SPECIAL PROVISION TO NATURAL GAS SALE AND PURCHASE CONTRACT: This FTA

Agreement constitutes a Special Provision to that certain Base Contract for Short-Term Sale and

Purchase of Natural Gas dated _________ __, 199_, between Buyer and Seller ("Base Contract"), and is

intended to supplement the General Terms and Conditions ("GT&C") affecting all Transactions

thereunder wherein Buyer and Seller assume the respective roles indicated above. Capitalized terms

used in this FTA Agreement, which are not herein defined, will have the meanings ascribed to them in the

GT&C.

1.2

TERM:

This FTA Agreement shall commence on _________ __, 199_, and continue on a

Month-to-Month basis until terminated by any party upon 30 days written notice to the other parties;

provided, however, that this FTA Agreement may not be terminated prior to the expiration of the latest

Delivery Period of any Transaction Confirmation(s) previously agreed to by the parties subject to this FTA

Agreement. The obligation to make payment hereunder, including any related adjustments, shall survive

the termination or cancellation of this FTA Agreement.

1.3

APPOINTMENT OF FUNDS TRANSFER AGENT ("FTA"):

Seller and Buyer hereby appoint

FTA as their agent under this FTA Agreement and all related documents, instruments and agreements

("Related Agreement(s)"), and authorize the FTA, in such capacity, to exercise such powers and perform

such duties as are expressly delegated to the FTA by the terms of this FTA Agreement and the Related

Agreements, together with such other powers as are reasonably incidental thereto. The FTA shall not

have any duties or responsibilities to, or any fiduciary relationship with, Buyer or Seller, and no implied

covenants, functions, responsibilities, duties, obligations or liabilities shall be read into this FTA

Agreement or any Related Agreement or otherwise exist with respect to the FTA, except those expressly

set forth herein.

Funds Transfer Agency Agreement