Common use of Contract Price at PSV and Fixed Amount Clause in Contracts

Contract Price at PSV and Fixed Amount. 4.4.1 During the Total Supply Period at PSV, the Customer shall pay the Logistic Swap Provider for the Delivered Quantity at PSV in respect of each PSV Time Unit of each Month at the Contract Price (“Contract Price at PSV” or “CP-PSV”) in accordance with the provisions of §13 (Invoicing and Payment) of the EFET Agreement. Each Month of the Total Supply Period at PSV the Contract Price at PSV, expressed in Euro/MWh(25°C), shall be fixed and equal to the Contract Price at DPA, as reported in the table below: CP-PSV = €/MWh(25°C) NCG VTP H-Gas 16.415 XXX Xxxx H 16.400 4.4.2 In addition to the Contract Price at PSV, during each Month of the Total Supply Period at PSV, the Customer shall pay to the Logistic Swap Provider a monthly fixed amount (“Fixed Amount”) in accordance with the provisions of §13 (Invoicing and Payment) of the EFET Agreement. The monthly Fixed Amount, expressed in Euro, shall be equal to the product of the Swap Auction Quantity times the sum of i) RP0 plus ii) B: Fixed Amount = (RP0 + B) * Swap Auction Quantity (expressed in Euro/Month) where: - RP0 = …….. [to be inserted as per applicable DPA and Auction Procedure] Euro/MWh(25°C)/h/Month, as set in the Auction Procedure as reserve price for the logistic swap product of the relevant section regarding the route between the European hub set as DPA under this Contract and the PSV. - B = Euro/MWh(25°C)/h/Month. [to be defined in accordance with the result of the Auction for the logistic swap product of the relevant section regarding the route between the European hub set as DPA under this Contract and the PSV, as set forth in the Auction Procedure] The Fixed Amount shall be due and payable by the Customer independently from the actual deliveries at DPA and at PSV.

Appears in 1 contract

Samples: Logistic Swap Agreement

AutoNDA by SimpleDocs

Contract Price at PSV and Fixed Amount. 4.4.1 During the Total Supply Period at PSV, the Customer shall pay the Logistic Swap Provider for the Delivered Quantity at PSV in respect of each PSV Time Unit of each Month at the Contract Price (“Contract Price at PSV” or “CP-PSV”) in accordance with the provisions of §13 (Invoicing and Payment) of the EFET Agreement. Each Month of the Total Supply Period at PSV the Contract Price at PSV, expressed in Euro/MWh(25GJ(15°C), shall be fixed and equal to the Contract Price at DPA, as reported DPA divided by the product of three decimal six (3.6) times the conversion factor CF and rounded to five (5) decimal places (where a figure of five (5) or more in the table below6th decimal place shall cause a rounding up of that 5th decimal place), and is equal to: CP-PSV = €/MWh(25/GJ(15°C) NCG VTP H-Gas 16.415 6,04951 XXX Xxxx H 16.4006,11888 4.4.2 In addition to the Contract Price at PSV, during each Month of the Total Supply Period at PSV, the Customer shall pay to the Logistic Swap Provider a monthly fixed amount (“Fixed Amount”) in accordance with the provisions of §13 (Invoicing and Payment) of the EFET Agreement. The monthly Fixed Amount, expressed in Euro, shall be equal to the product of the Swap Auction Quantity times the sum of i) RP0 RPo plus ii) B: Fixed Amount = (RP0 RPo + B) * Swap Auction Quantity (expressed in Euro/Month) where: - RP0 RPo = …….. [to be inserted as per applicable DPA and Auction Procedure] Euro/MWh(25°C)/h/Month, as set in the Auction Procedure as reserve price for the logistic swap product of the relevant section regarding the route between the European hub set as DPA under this Contract and the PSV. - B = Euro/MWh(25°C)/h/Month. [to be defined in accordance with the result of the Auction for the logistic swap product of the relevant section regarding the route between the European hub set as DPA under this Contract and the PSV, as set forth in the Auction Procedure] The Fixed Amount shall be due and payable by the Customer independently from the actual deliveries at DPA and at PSV.

Appears in 1 contract

Samples: Logistic Swap Agreement

Contract Price at PSV and Fixed Amount. 4.4.1 4.3.1 During the Total Supply Period at PSV, the Customer shall pay the Logistic Swap Provider for the Delivered Quantity at PSV in respect of each PSV Time Unit of each Month at the Contract Price (“Contract Price at PSV” or “CP-PSV”) in accordance with the provisions of §13 (Invoicing and Payment) of the EFET Agreement. Each Month of the Total Supply Period at PSV the Contract Price at PSV, expressed in Euro/MWh(25°C), shall be fixed and equal to the Contract Price at DPA, as reported in the table below: CP-PSV = €/MWh(25°C) NCG VTP H-Gas 16.415 XXX Xxxx H 16.400 4.4.2 4.3.2 In addition to the Contract Price at PSV, during each Month of the Total Supply Period at PSV, the Customer shall pay to the Logistic Swap Provider a monthly fixed amount (“Fixed Amount”) in accordance with the provisions of §13 (Invoicing and Payment) of the EFET Agreement. The monthly Fixed Amount, expressed in Euro, shall be equal to the product of the Swap Auction Quantity times the sum of i) RP0 plus ii) B: Fixed Amount = (RP0 + B) * Swap Auction Quantity (expressed in Euro/Month) where: - RP0 = …….. [to be inserted as per applicable DPA and Auction Procedure] Euro/MWh(25°C)/h/Month, as set in the Auction Procedure as reserve price for the logistic swap product of the relevant section regarding the route between the European hub set as DPA under this Contract and the PSV. - B = Euro/MWh(25°C)/h/Month. [to be defined in accordance with the result of the Auction for the logistic swap product of the relevant section regarding the route between the European hub set as DPA under this Contract and the PSV, as set forth in the Auction Procedure] The Fixed Amount shall be due and payable by the Customer independently from the actual deliveries at DPA and at PSV.

Appears in 1 contract

Samples: Logistic Swap Agreement

Contract Price at PSV and Fixed Amount. 4.4.1 4.3.1 During the Total Supply Period at PSV, the Customer shall pay the Logistic Swap Provider for the Delivered Quantity at PSV in respect of each PSV Time Unit of each Month at the Contract Price (“Contract Price at PSV” or “CP-PSV”) in accordance with the provisions of §13 (Invoicing and Payment) of the EFET Agreement. Each Month of the Total Supply Period at PSV the Contract Price at PSV, expressed in Euro/MWh(25GJ(15°C), shall be fixed and equal to the Contract Price at DPA, as reported DPA divided by the product of three decimal six (3.6) times the conversion factor CF and rounded to five (5) decimal places (where a figure of five (5) or more in the table below6th decimal place shall cause a rounding up of that 5th decimal place), and is equal to: CP-PSV = €/MWh(25/GJ(15°C) NCG VTP H-Gas 16.415 6,04951 XXX Xxxx H 16.4006,11888 4.4.2 4.3.2 In addition to the Contract Price at PSV, during each Month of the Total Supply Period at PSV, the Customer shall pay to the Logistic Swap Provider a monthly fixed amount (“Fixed Amount”) in accordance with the provisions of §13 (Invoicing and Payment) of the EFET Agreement. The monthly Fixed Amount, expressed in Euro, shall be equal to the product of the Swap Auction Quantity times the sum of i) RP0 RPo plus ii) B: Fixed Amount = (RP0 RPo + B) * Swap Auction Quantity (expressed in Euro/Month) where: - RP0 RPo = …….. [to be inserted as per applicable DPA and Auction Procedure] Euro/MWh(25°C)/h/Month, as set in the Auction Procedure as reserve price for the logistic swap product of the relevant section regarding the route between the European hub set as DPA under this Contract and the PSV. - B = Euro/MWh(25°C)/h/Month. [to be defined in accordance with the result of the Auction for the logistic swap product of the relevant section regarding the route between the European hub set as DPA under this Contract and the PSV, as set forth in the Auction Procedure] The Fixed Amount shall be due and payable by the Customer independently from the actual deliveries at DPA and at PSV.

Appears in 1 contract

Samples: Logistic Swap Agreement

AutoNDA by SimpleDocs

Contract Price at PSV and Fixed Amount. 4.4.1 During the Total Supply Period at PSV, the Customer shall pay the Logistic Swap Provider for the Delivered Quantity at PSV in respect of each PSV Time Unit of each Month at the Contract Price (“Contract Price at PSV” or “CP-PSV”) in accordance with the provisions of §13 (Invoicing and Payment) of the EFET Agreement. Each Month of the Total Supply Period at PSV the Contract Price at PSV, expressed in Euro/MWh(25°C), shall be fixed and equal to the Contract Price at DPA, as reported in the table below: CP-PSV = €/MWh(25°C) NCG VTP H-Gas 16.415 15.475 XXX Xxxx H 16.40015.425 4.4.2 In addition to the Contract Price at PSV, during each Month of the Total Supply Period at PSV, the Customer shall pay to the Logistic Swap Provider a monthly fixed amount (“Fixed Amount”) in accordance with the provisions of §13 (Invoicing and Payment) of the EFET Agreement. The monthly Fixed Amount, expressed in Euro, shall be equal to the product of the Swap Auction Quantity times the sum of i) RP0 RPo plus ii) B: Fixed Amount = (RP0 RPo + B) * Swap Auction Quantity (expressed in Euro/Month) where: - RP0 RPo = …….. [to be inserted as per applicable DPA and Auction Procedure] Euro/MWh(25°C)/h/Month, as set in the Auction Procedure as reserve price for the logistic swap product of the relevant section regarding the route between the European hub set as DPA under this Contract and the PSV. - B = Euro/MWh(25°C)/h/Month. [to be defined in accordance with the result of the Auction for the logistic swap product of the relevant section regarding the route between the European hub set as DPA under this Contract and the PSV, as set forth in the Auction Procedure] The Fixed Amount shall be due and payable by the Customer independently from the actual deliveries at DPA and at PSV.

Appears in 1 contract

Samples: Logistic Swap Agreement

Contract Price at PSV and Fixed Amount. 4.4.1 4.3.1 During the Total Supply Period at PSV, the Customer shall pay the Logistic Swap Provider for the Delivered Quantity at PSV in respect of each PSV Time Unit of each Month at the Contract Price (“Contract Price at PSV” or “CP-PSV”) in accordance with the provisions of §13 (Invoicing and Payment) of the EFET Agreement. Each Month of the Total Supply Period at PSV the Contract Price at PSV, expressed in Euro/MWh(25°C), shall be fixed and equal to the Contract Price at DPA, as reported in the table below: CP-PSV = €/MWh(25°C) NCG VTP H-Gas 16.415 15.475 XXX Xxxx H 16.40015.425 4.4.2 4.3.2 In addition to the Contract Price at PSV, during each Month of the Total Supply Period at PSV, the Customer shall pay to the Logistic Swap Provider a monthly fixed amount (“Fixed Amount”) in accordance with the provisions of §13 (Invoicing and Payment) of the EFET Agreement. The monthly Fixed Amount, expressed in Euro, shall be equal to the product of the Swap Auction Quantity times the sum of i) RP0 RPo plus ii) B: Fixed Amount = (RP0 RPo + B) * Swap Auction Quantity (expressed in Euro/Month) where: - RP0 RPo = …….. [to be inserted as per applicable DPA and Auction Procedure] Euro/MWh(25°C)/h/Month, as set in the Auction Procedure as reserve price for the logistic swap product of the relevant section regarding the route between the European hub set as DPA under this Contract and the PSV. - B = Euro/MWh(25°C)/h/Month. [to be defined in accordance with the result of the Auction for the logistic swap product of the relevant section regarding the route between the European hub set as DPA under this Contract and the PSV, as set forth in the Auction Procedure] The Fixed Amount shall be due and payable by the Customer independently from the actual deliveries at DPA and at PSV.

Appears in 1 contract

Samples: Logistic Swap Agreement

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!