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Price of Gas Sample Clauses

Price of Gas. 1. The price of Gas sold and purchased with respect to any month (the “Contract Price”) shall be ninety-six percent (96%) of the price in dollars per MMBtu for the NYMEX Xxxxx Hub Natural Gas futures contract for Gas to be delivered during such month, such price to be based upon the final settlement price on the last trading day for the futures contracts for such month, plus ten cents ($0.10) per MMBtu. 2. If the NYMEX Xxxxx Hub Natural Gas futures contract settlement prices cease to be published for any reason, or the data is so changed in the basis of calculation or quantity or type of commodity included therein or otherwise as to affect materially the validity of the index over time, the Parties shall select a comparable index to be used in its place that maintains the intent and economic effect of the original index.
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Price of Gas. 5.1. The price of Gas or the basis for the formation of the price and the price package shall be agreed in Special Terms (before and hereinafter “Price of Gas”). 5.2. If the parties have agreed on floating Price of Gas based on the formula, the following indices will be used in the following sense:
Price of Gas. 5.1 In consideration of the supply of Gas to the Customer the Customer shall pay to Opal the Contract Price. 5.2 The price for Gas supplied under this Agreement shall be the Contract Price set out in Part A, provided that: a) For each Renewal Period Opal may amend the Contract Price by giving the Customer not less than 60 days’ notice of such amendment prior to the beginning of such Renewal Period. The renewal price offered not less than 60 days prior to the Renewal Date shall be valid for one working week, and shall be detailed on a ‘Statement of Renewal Terms’ document. The Customer may decline to accept the renewal price and request subsequent renewal offer(s) up to 30 days prior to the Renewal Date. Due to wholesale gas price uncertainty, if no offer has been accepted, then Opal will issue a further renewal price to the customer between 32 and 35 days prior to the renewal date. If the customer does not write to Opal to decline this offer no less than 30 days prior to the Renewal Date, then these renewal rates will be applied for a period of 12 months following the Renewal Date. Should the Customer have given written notice to Opal under clause 2.1.2 (and Opal having confirmed as such), but not moved to another supplier at the renewal date, then Opal shall continue to supply gas to the customer at the Out‐ of‐Contract Rate, details of which may be found at xxx.xxxxxxx.xxx. b) If Opal reasonably believes that the Contract Price is no longer reflective of the cost associated with the supply of gas to the Customer, Opal may amend the Contract Price by giving no less than 6 months’ notice in writing to the customer prior to the Supply Start Date. Should such notice be issued by Opal to the Customer, the Customer may terminate this Agreement within a 14 day Cooling Off Period. 5.3 The Contract Price is exclusive of any applicable value added tax or other taxes or duties or levies relating to the supply of Gas to the Customer. Such taxes and duties and levies shall be paid by the Customer in addition to the Contract Price. 5.4 During the term of the Agreement, whether or not Gas is consumed at the site in addition to the Contract Price the Customer shall pay to Opal all costs incurred by Opal in connection with the supply transportation and metering of Gas to the Meter Point (including any standing charges relating to the Agreement). 5.5 Opal shall calculate the Contract Price and the renewal offer price on the basis of payment by Direct Debit. Opal reserves ...
Price of Gas. 4.1. The price of Gas or the basis for the formation of the price and the price plan shall be determined in Special Terms (before and hereinafter “Price of Gas”). 4.2. The Price of Gas determined in the Special Terms is the final price to be paid by the Buyer for the Gas, which includes VAT and other taxes valid at the time of concluding the Agreement in accordance with the applicable legislation in the Republic of Latvia. The Seller’s invoice also includes charges for system services, excise duties and other possible charges payable to the system operators. 4.3. If the price package includes a monthly fee and the validity of the Agreement in the given Accounting Period is shorter, the Buyer shall pay the monthly fee according to the number of days in the Accounting Period, where the daily fee is calculated by dividing the monthly fee by the number of calendar days. The monthly fee is added to the invoice for each month, regardless of whether the Buyer consumed the Gas. 4.4. If a price package is applied to the Buyer, according to which the Seller periodically notifies the Buyer of the valid Price of Gas in accordance with the conditions and procedure provided in the price package, such periodic change of the Gas price shall not be considered an amendment to the Agreement, incl. clause 4.6 of the General Terms does not apply. 4.5. In case of an indefinite term Agreement, the Buyer has the right to request a change in the price package at any time by notifying the Seller at least 15 calendar days before the change of the calendar month. The new price package agreed by the parties will take effect from the beginning of the next Accounting Period. 4.6. In case of an indefinite term Agreement, the Seller has the right to unilaterally and without the Buyer's consent change the price plan, pricing conditions (incl. Set monthly fee) and Price of Gas if it is necessary to take into account changed circumstances (e.g., changes in legislation or competitive conditions, changes due to the development of the gas market, significant change in the Gas consumption of the Buyer) or is necessary due to the change of the gas sales principles by the Seller, notifying the Buyer thereof at least 1 month in advance. If the Seller changes the price packages, the Seller shall, if necessary, exchange the valid price package for the price package with the most similar conditions, taking into account the Buyer's Gas consumption. If the Buyer does not agree with the change, the Buyer...
Price of Gas. 10.01 The price of NATURAL GAS having a Gross Heating Value (GCV) of 9500 Kilo calories shall be GAS PRICE in MMBTU as defined in Article 10.02 below. 10.02 The GAS PRICE in MMBTU is P = A + B Bidders are requested to quote their best price “P” in USD / MMBTU on GCV Basis as per following formula for lifting gas from SunPetro’s Hazira Field in Gujarat as per Scope, tender Terms and Conditions including Responsibility Matrix: i. Domestic Gas Price as published by PPAC, Govt. of India on six monthly basis in USD / MMBTU (on GCV Basis) ii. Premium ( P) to be quoted in USD by bidder over and above Domestic Gas Price (Exchange Rate, USD to INR, shall be based on reference rates published by RBI on first working day of the applicable month (xxxxx://xxxx.xxx.xx)
Price of Gas. 10.01 The price of NATURAL GAS having a Gross Heating Value (GCV) of 17500 Kilo calories shall be GAS PRICE in MMBTU as defined in Article 10.02 below. 10.02 The GAS PRICE in USD/MMBTU is to be determined based on following formula: P = A + B i) “P” = Gas Price in USD/MMBTU (on GCV Basis),

Related to Price of Gas

  • Price Decreases The following price decrease terms will apply to the Contract:

  • Delivery Point The delivery point is the point of delivery of the Power Product to the CAISO Controlled Grid (the “Delivery Point”). Seller shall provide and convey to Buyer the Power Product from the Generating Facility at the Delivery Point. Title to and risk of loss related to the Power Product transfer from Seller to Buyer at the Delivery Point.

  • Contract Quantity The Contract Quantity during each Contract Year is the amount set forth in the applicable Contract Year in Section D of the Cover Sheet (“Delivery Term Contract Quantity Schedule”), which amount is inclusive of outages.

  • Supply of Goods 6.1 In consideration of UKRI’s agreement to pay the Charges, the Supplier shall supply all Goods in accordance with the Agreement and any Contract. In particular, the Supplier warrants that the Goods shall: (a) conform with their description in the specifications (including the Specification), drawings, descriptions given in quotations, estimates, brochures, sales, marketing and technical literature or material (in whatever format made available by the Supplier) supplied by, or on behalf of, the Supplier; (b) be of satisfactory quality (within the meaning of the Sale of Goods Act 1979) and fit for any purpose held out by the Supplier or made known to the Supplier by UKRI, expressly or by implication, and in this respect UKRI relies on the Supplier's skill and judgement. The Supplier acknowledges and agrees that the approval by UKRI shall not relieve the Supplier of any of its obligations under this sub-clause; (c) where applicable, be free from defects (manifest or latent), in materials and workmanship and remain so for 12 months after Delivery; (d) be free from design defects; (e) comply with all applicable statutory and regulatory requirements relating to the manufacture, labelling, packaging, storage, handling and delivery of the Goods; (f) be supplied in accordance with all applicable legislation in force from time to time; and (g) be destined for supply into, and fully compliant for use in, the United Kingdom (unless specifically stated otherwise in the Specification). 6.2 In supplying the Goods, the Supplier shall co-operate with UKRI in all matters relating to the supply of the Goods and comply with all of UKRI’s instructions. 6.3 The Supplier shall ensure that at all times it has and maintains all the licences, permissions, authorisations, consents and permits that it needs to carry out its obligations under the Agreement. 6.4 UKRI and its representatives shall have the right to inspect and test the Goods at any time before Delivery. 6.5 If following such inspection or testing UKRI considers that the Goods do not conform or are unlikely to comply with the Supplier's undertakings at clause 6.1, UKRI shall inform the Supplier and the Supplier shall immediately take such remedial action as is necessary to ensure compliance. 6.6 Notwithstanding any such inspection or testing, the Supplier shall remain fully responsible for the Goods and any such inspection or testing shall not reduce or otherwise affect the Supplier's obligations under this Agreement, and UKRI shall have the right to conduct further inspections and tests after the Supplier has carried out its remedial actions. 6.7 UKRI’s rights under the Agreement are without prejudice to and in addition to the statutory terms implied in favour of UKRI under the Sale of Goods Act 1979, the Supply of Goods and Services Act 1982 and any other applicable legislation as amended.

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