FIRST OF THE MONTH COMMODITY PRICE BASELOAD GAS Sample Clauses

FIRST OF THE MONTH COMMODITY PRICE BASELOAD GAS. The commodity price paid by Dynegy to Producer for each MMBtu of Baseload Gas delivered to Dynegy (including any Baseload Shortfall, as described in Section 2.4.6) shall be * based on [REDACTED] and will vary by Source of Supply and Delivery Point. The "FOM Commodity Price" of Baseload Gas produced from a given Source of Supply * shall be [REDACTED] plus or minus adjustments applicable to that Source of Supply, including, without limitation, deduction of gathering and * transportation charges (collectively "Index Price Adjustments"), [REDACTED]. Prior to delivery of Baseload Gas under this Agreement, Producer and Dynegy * shall agree on (i) the [REDACTED] of the FOM Commodity Price of the Baseload Gas delivered to the applicable Delivery Point; (ii) the Index Price * Adjustments, if any, [REDACTED] necessary to arrive at the FOM Commodity * Price; and (iii) [REDACTED]. The substitution of a new [REDACTED] also requires the agreement of Producer and Dynegy. Although the Parties will * strive to reduce agreements substituting a new [REDACTED] to writing, the Parties recognize that market conditions may require prompt action. * Consequently, oral agreements substituting a new [REDACTED] will be effective until reduced to writing. The Parties agree to exercise best efforts to reduce such oral agreements to writing within thirty days of reaching * agreement. The FOM Commodity Price shall be calculated [REDACTED] during the * term of this Agreement and shall remain in effect during the entire [REDACTED] * unless the Parties agree to change the FOM Commodity Price [REDACTED].
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Related to FIRST OF THE MONTH COMMODITY PRICE BASELOAD GAS

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