Daily Market Indices Sample Clauses

Daily Market Indices. To the extent that B.C. Hydro holds firm Transportation Capacity from one or more Gas Transfer Points to a Gas Delivery Point specified in a Daily Gas Notice, B.C. Hydro may in the Daily Gas Notice also specify that the Daily Index Price(s) determined at the applicable Gas Transfer Point(s) will be used during the period of time in which B.C. Hydro holds such firm Transportation Capacity for the purposes of determining the Gas Transfer Price applicable for any Additional Contract Quantity to be delivered to such Gas Delivery Point on that day. If B.C. Hydro does not hold such firm Transportation Capacity, B.C. Hydro may request that a Daily Index Price determined at a specified Gas Transfer Point be used for the purposes of determining the Gas Transfer Price applicable
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Daily Market Indices. To the extent that B.C. Hydro holds firm Transportation Capacity from one or more Gas Transfer Points to a Gas Delivery Point specified in a Daily Gas Notice, B.C. Hydro may in the Daily Gas Notice also specify that the Daily Index Price(s) determined at the applicable Gas Transfer Point(s) will be used during the period of time in which B.C. Hydro holds such firm Transportation Capacity for the purposes of determining the Gas Transfer Price applicable for any Additional Contract Quantity to be delivered to such Gas Delivery Point on that day. If B.C. Hydro does not hold such firm Transportation Capacity, B.C. Hydro may request that a Daily Index Price determined at a specified Gas Transfer Point be used for the purposes of determining the Gas Transfer Price applicable for any such deliveries on that day, but Powerex will not be obligated to deliver such amounts of Gas at the specified Daily Index Price. Such request by B.C. Hydro for pricing at a specified Gas Transfer Point shall be for pricing purposes only and shall in no way determine the source from which Powerex is to purchase the Gas to be sold by Powerex to B.C. Hydro hereunder. Otherwise, Powerex shall use commercially reasonable efforts to purchase Gas for delivery to B.C. Hydro under this Agreement at the most favourable Daily Index Price, taking into account transportation costs and availability and in view of the obligations of the parties under Section 7.1.
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