Mid-Month Increases Sample Clauses

Mid-Month Increases. In the event (i) CUSA increases the quantity of Committed Gas delivered to NGC on any Day at a given Delivery Point to a level in excess of one hundred five percent (105%) of the quantity of Committed Gas designated for delivery by CUSA in the Availability Report in effect at 8:00 a.m. on the second Business Day before the date on which nominations for delivery on the first Day of the Month of delivery are due ("First of the Month Committed Gas"); (ii) notifies NGC of such increase no later than one hour prior to the pipeline nomination deadline applicable to the Day on which the increase will be implemented; and (iii) does not in its notice specifically state that such increase is for the purpose of offsetting underdeliveries incurred by CUSA at the applicable Delivery Point earlier that month, the commodity price per MMBtu for the quantity in excess of one hundred five percent (105%) of the First of the Month Committed Gas ("Incremental Committed Gas") shall be determined as follows. The "Incremental Gas Commodity Price" of Incremental Committed Gas shall be determined on a Delivery Point by Delivery Point basis, and therefore any increases in the quantity of Committed Gas delivered to a given Delivery Point will not be netted against a decrease at a different Delivery Point unless the Committed Gas delivered at different Delivery Points is delivered into a single pool such that an increase at one Delivery Point and a corresponding decrease at the second Delivery Point can be netted to arrive at the quantity of Committed Gas delivered into the pool on the applicable Day, in which case deliveries at all such Delivery Points will be netted for purposes of this Section 4.7. CUSA will give notice to NGC of any increase in the delivery of Committed Gas in a revised Availability Report as soon as commercially possible, but in no event later than one hour prior to the nomination deadline of the pipeline immediately downstream of the Delivery Point. The Incremental Gas Commodity Price shall be based on the Gas Daily Index Price. The "Gas Daily Index Price" shall be the "Daily Midpoint" price published in the issue of Gas Daily reporting prices of Gas flowing on the Day on --------- which Incremental Committed Gas is delivered to NGC under this Agreement in the table titled "Daily Price Survey" under the heading and entry applicable to the downstream pipeline and the Delivery Point where CUSA delivers the Incremental Committed Gas. The Gas Daily Index Price corre...
Sample 1
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Mid-Month Increases. In the event Producer submits one or more revised Availability Reports which have the effect of increasing the quantity of Committed Gas estimated to be delivered to Dynegy on any day at a given Source of Supply to a level above the quantity of Committed Gas designated for delivery by Producer on that day in Producer's FOM Availability Report, the net increase above the quantity stated in Producer's FOM Availability Report will be considered Incremental Swing Gas.
Sample 1

Related to Mid-Month Increases

  • Benefit Increases Benefit payments may be increased as provided in Section 2.1.3.

  • Fee Increases S&P reserves the right to increase its fees under this Order Schedule effective on the anniversary of the Commencement Date by providing at least sixty (60) days advance written notice to Licensee prior to the expiration of the Term then in effect.

  • Salary Increases During the period of employment as provided in Paragraph 1(b) hereof, the base salary of the Executive shall be reviewed no less frequently than annually by the Board or the Compensation Committee of the Board to determine whether or not the same should be increased in light of the duties and responsibilities of the Executive and the performance thereof, and if it is determined that an increase is merited, such increase shall be promptly put into effect and the base salary of the Executive as so increased shall constitute the base salary of the Executive for purposes of Paragraph 3(a).

  • Cost of Living Increase The minimum fee set forth in this Schedule may increase annually upon each March 1 anniversary of this Agreement over the minimum fee during the prior 12 months, as calculated under this Schedule, in an amount equal to the increase in Pennsylvania Consumer Price Index (not to exceed 6% annually) as last reported by the U.S. Bureau of Labor Statistics for the twelve months immediately preceding such anniversary.

  • Price Increases GlobalCenter shall not increase the prices for services during the initial term of any Service Order, but may thereafter change prices upon sixty (60) days written notice.

  • Commitment Increases (a) At any time after the Closing Date, provided that no Event of Default shall have occurred and be continuing, the Borrowers may request an increase of the aggregate Commitments by notice to the Administrative Agent in writing of the amount (the “Offered Increase Amount”) of such proposed increase (such notice, a “Commitment Increase Notice”). Any such Commitment Increase Notice must offer each Bank the opportunity to subscribe for its pro rata share of the increased Commitments; provided, however, the Borrowers may, with the consent of the Administrative Agent (which consent shall not be unreasonably withheld or delayed), without offering to each Bank the opportunity to subscribe for its pro rata share of the increased Commitments, offer to any existing Bank or any bank or other financial institution that is not an existing Bank the opportunity to provide a new Commitment pursuant to paragraph (b) below if the aggregate amount of all Commitments made hereunder pursuant to this proviso which will be in effect when such new Commitment becomes effective does not exceed $500,000,000 subject to subsection 2.20(f). If any portion of the increased Commitments offered to the Banks as contemplated in the immediately preceding sentence is not subscribed for by the Banks, the Borrowers may, with the consent of the Administrative Agent as to any bank or financial institution that is not at such time a Bank (which consent shall not be unreasonably withheld or delayed), offer to any existing Bank or to one or more additional banks or financial institutions the opportunity to provide all or a portion of such unsubscribed portion of the increased Commitments pursuant to paragraph (b) below. No Bank has an obligation to increase its Commitment pursuant to this Section 2.20 except in its sole discretion.

  • Payment of Premium Increases (a) As used herein, the term "

  • Incremental Term Loans The Borrower shall repay the aggregate outstanding principal amount of each Incremental Term Loan (if any) as determined pursuant to, and in accordance with, Section 5.13.

  • Incremental Term Loan The Parent Borrower shall repay the outstanding principal amount of the Incremental Term Loan in the installments on the dates and in the amounts set forth in the Incremental Term Loan Lender Joinder Agreement (as such installments may hereafter be adjusted as a result of prepayments made pursuant to Section 2.05), unless accelerated sooner pursuant to Section 9.02.

  • Termination, Reduction and Increase of Commitments (a) Unless previously terminated, the Commitments shall terminate on the Maturity Date.

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