MTM. The MtM will be calculated for each month of deliveries under this Agreement. The MtM is calculated as the sum of i) changes in On-Peak Forward Market Prices (relative to On-Peak Forward Market Prices on the closing day of the Illinois Auction) multiplied by the on-peak MWh volume assumptions for BGS-FP Load; and ii) changes in estimated Off-Peak Forward Market Prices (relative to estimated Off-Peak Forward Market Prices on the closing day of the Illinois Auction) multiplied by the off-peak MWh volume assumptions for BGS-FP Load. The total MtM that will be used to calculate the MtM Exposure Amount will be equal to the sum of the MtM for each remaining month in the Delivery Period times 1.1. When On-Peak Forward Market Prices are not available for a given month, an estimate of that month’s On-Peak Forward Market Price will be used to establish the MtM.
MTM. A violation by Producer (or its directors or officers) of the MTM Clause.
MTM. Xxx Xx Xxxxx, 1 12062 Cherasco, (Xxxxx), Italy Attention: Xxxxxxxx Xxxxxxx Telephone No.: 00 0000 000 0000 Fax No.: 00 0000 00 00 00 with a copy to: Fuel Systems Solutions Inc. 0000 Xxxxx Xxxxx Xxxxxx Santa Ana, CA 92704-6435 Attention: Xxxxxxx Xxxxx, President Telephone No.: (000) 000-0000 Fax No.: (000) 000-0000 and with a copy to Davies Xxxx Xxxxxxxx & Xxxxxxxx LLP 44th Floor
