Common use of Gas Transfer Pricing Principle Clause in Contracts

Gas Transfer Pricing Principle. The parties acknowledge and agree that all Gas sold to B.C. Hydro by Powerex pursuant to Section 7 of this Agreement is deemed for transfer pricing purposes to occur at the Gas Transfer Point corresponding to the applicable index price specified by B.C. Hydro or determined by Powerex in accordance with Sections 7.3 or 7.5. B.C. Hydro and Powerex declare that the Gas Transfer Price is intended to be established as a sale price that reflects the fair market value of Gas delivered at such applicable Gas Transfer Point on a monthly or daily basis, as applicable, at which parties acting on an arms-length basis would be willing to transact.

Gas Transfer Pricing Principle. The parties acknowledge and agree that all Gas sold to B.C. Hydro by Powerex pursuant to Section 7 10 of this Agreement is deemed for transfer pricing purposes to occur at the Gas Transfer Source Point corresponding to the applicable index price specified specitled by B.C. Hydro or determined by Powerex in accordance with Sections 7.3 or 7.5Section lOA. B.C. Hydro and Powerex declare that the Gas Transfer Price is intended to be established as a sale price that reflects the fair market value of Gas delivered at such applicable Gas Transfer Source Point on a monthly or daily basis, as applicable, at which parties acting on an arms-length basis would be willing to transact.