### Question
How is the "rollover contract" defined?


### Answer
The term **rollover contract** is defined in *15 U.S.C. § 3301* as follows -

> any contract, entered into on or after November 9, 1978, for the first sale of natural gas that was previously subject to an existing contract which expired at the end of a fixed term (not including any extension thereof taking effect on or after November 9, 1978) specified by the provisions of such existing contract, as such contract was in effect on November 9, 1978, whether or not there is an identity of parties or terms with those of such existing contract

#### Citation:
  - *15 U.S.C. § 3301*
  - Heading: **CHAPTER 60-NATURAL GAS POLICY**

