Alternate Commodity Price definition

Alternate Commodity Price shall have the meaning set forth in Section 4.3.
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Alternate Commodity Price means the arithmetic average of the prices reported in the referenced issue of the month of delivery for the price references included in the "Market Price Index," set forth in Exhibit B. The price references in the Market Price Index are intended to reflect the price paid for gas delivered at the Point(s) of Delivery under spot contracts (the "Market Price"). The price references in the "Backup Price Index" set forth in Exhibit B are intended to serve as a substitute for the price references in the Market Price Index in the event the latter price references are not available or are "erroneous," as that term is defined in Section 4.5.
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Alternate Commodity Price means with respect to each Point of Delivery the arithmetic average of the prices reported in the referenced issue of the month of delivery for the price references included in the "Market Price Index," for the Point of Delivery set forth in Exhibit B. The price references in the Market Price Index are intended to reflect the price paid for gas delivered at the Point(s) of Delivery under spot contracts (the "Market Price"). The price references in the "Backup Price Index" for each Point of Delivery set forth in Exhibit B are intended to serve as a substitute for the price references in the Market Price Index for the Point of Delivery in the event the latter price references are not available or are "erroneous," as that term is defined in Section 4.5.
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Examples of Alternate Commodity Price in a sentence

  • In the event that the actual quantity delivered, the Alternate Commodity Price or the Reservation Charge is not known at the time the invoice is rendered, an estimated quantity, Alternate Commodity Price and Reservation Charge, based on the best available information, shall be used.

  • When the actual quantity, Alternate Commodity Price or Reservation Charge becomes known and if an adjustment is necessary, an invoice containing the adjustment for the difference between the actual value and the estimated value will be rendered.

  • Either party shall have the right to demand renegotiation of Section 5.4 with 15 days' written notice should *** file and implement published firm or interruptible transportation rates which materially alter the Alternate Commodity Price.

  • In the event that the actual quantity delivered, the Alternate Commodity Price is not known at the time the invoice is rendered, an estimated quantity, and Alternate Commodity Price, based on the best available information, shall be used.

  • Buyer and Seller also agree to use an alternate price for the Call Quantity ("Call Quantity Alternate Commodity Price") to be determined daily based on the average of the high and low common prices of the*** as published by *** in the issue on the day of delivery***.

  • In the event that the parties fail to reach agreement as to the Commodity Price, the Alternate Commodity Price determined in accordance with Section 4.3 shall apply.

  • If at any time and from time to time *** ceases publication or materially changes the index of prices on which the Alternate Commodity Price or Call Quantity Alternate Commodity Price is based, then the Parties agree to select a different publication or index from which to derive a pricing index, as similar as possible to the indices selected under this Contract.

  • If at any time and from time to time *** ceases publication or materially changes the index of prices on which the Alternate Commodity Price is based, then either Buyer or Seller may propose, in written notice to the other party, a new mechanism for determining the Alternate Commodity Price.

  • For billing purposes, the Commodity Price and the Alternate Commodity Price shall be determined at the tailgate of ***, and the Alternate Commodity Price shall be adjusted for deliveries by *** to move gas on the facilities of *** from ***.

  • If the parties fail to agree on a Commodity Price pursuant to Section 5.2, Buyer and Seller agree to use an alternate price ("Alternate Commodity Price") to be determined monthly for the Nominated Quantity which shall be based on the index of *** as published by *** in the first issue of each month of deliveries.

Related to Alternate Commodity Price

  • Commodity Price Protection Agreement means, in respect of a Person, any forward contract, commodity swap agreement, commodity option agreement or other similar agreement or arrangement designed to protect such Person against fluctuations in commodity prices.

  • Liquidity Price means the price per share equal to the Valuation Cap divided by the Liquidity Capitalization.

  • Alternate Consideration shall have the meaning set forth in Section 5(e).

  • Alternate Conversion Price means, with respect to any Alternate Conversion that price which shall be the lowest of (i) the applicable Conversion Price as in effect on the applicable Conversion Date of the applicable Alternate Conversion, and (ii) the greater of (x) the Floor Price and (y) 80% of the lowest VWAP of the Common Stock during the five (5) consecutive Trading Day period ending and including the Trading Day immediately preceding the delivery or deemed delivery of the applicable Conversion Notice (such period, the “Alternate Conversion Measuring Period”). All such determinations to be appropriately adjusted for any stock dividend, stock split, stock combination, reclassification or similar transaction that proportionately decreases or increases the Common Stock during such Alternate Conversion Measuring Period.

  • Fallback Reference Price (if the relevant parties have specified an alternate Commodity Reference Price in the Confirmation);

  • Reference Price means the Reference Price of the Underlying as specified in § 1 of the Product and Underlying Data.

  • Canada Yield Price means an amount, calculated as at the date that is three Toronto Business Days prior to the Optional Redemption Date, equal to the net present value of all scheduled payments of interest (other than accrued and unpaid interest) and outstanding principal on the Notes to be redeemed from the Optional Redemption Date to the Par Call Period Commencement Date, using as a discount rate the Canada Yield, plus the Redemption Margin (if any);

  • Commodity option means an account, agreement, or contract giving a party to the account, agreement, or contract the right but not the obligation to purchase or sell one or more commodities or one or more commodity contracts, whether characterized as an option, privilege, indemnity, bid, offer, put, call, advance guaranty, decline guaranty or otherwise, but shall not include an option traded on a national securities exchange registered with the United States securities and exchange commission.

  • Issuance Price means the Sales Price less the Selling Commission.

  • Daily Price means, for any relevant day, the closing price on that day (or if there is no closing price the last bid price) as reported by the principal exchange or quotation system on which prices for the Common Stock are reported. On the redemption date the holders of record of redeemed Warrants shall be entitled to payment of the Redemption Price upon surrender of such redeemed Warrants to the Company at its principal office.

  • Spot Price means the rate of exchange at the time at which such price is to be determined for foreign exchange transactions in the relevant Currency Pair for value on the Spot Date, as determined in good faith: (i) by the Seller, for purposes of Section 5, and (ii) by the Non-Defaulting Party, for purposes of Section 8.

  • Applicable Pricing Level means, (a) for the Initial Pricing Period, Pricing Level II, and (b) thereafter, the pricing level set forth below opposite the Debt Rating achieved by Borrower as of the first day of that Pricing Period: I Greater than or equal to Aa3 / AA- II Less than Aa3 / AA- but greater than or equal to A1/A+ III Less than A1/A+ but greater than or equal to A2/A IV Less than A2/A but greater than or equal to A3/A- V Less than A3/A- provided that in the event that the then prevailing Debt Ratings are “split ratings”, Borrower will receive the benefit of the higher Debt Rating, unless the split is a “double split rating” (in which case the pricing level applicable to the middle Debt Rating will apply) or a “triple split rating” (in which case the pricing level applicable to the Debt Rating above the Debt Rating applicable to the lowest pricing level will apply). For purposes hereof, a Debt Rating is only a “split rating” if the Debt Rating applies to a different pricing level.

  • VWAP Price means, on any Exchange Business Day, the per Share volume-weighted average price as displayed under the heading “Bloomberg VWAP” on Bloomberg page “ECPG <equity> AQR” (or any successor thereto) in respect of the period from 9:30 a.m. to 4:00 p.m. (New York City time) on such Exchange Business Day (or if such volume-weighted average price is unavailable, the market value of one Share on such Exchange Business Day, as determined by the Calculation Agent using a volume-weighted method).

  • Average Wholesale Price or “AWP” means the wholesale price charged on a specific commodity that is assigned by the drug manufacturer and is listed in a nationally-recognized drug pricing file.

  • Average VWAP means the average of the VWAP for each Trading Day in the relevant period.

  • Threshold Price is the lowest price (except to the extent otherwise provided in Section 2.6) at which the Company may sell Shares during the applicable Pricing Period as set forth in a Fixed Request Notice (not taking into account the applicable percentage discount during such Pricing Period determined in accordance with Section 2.2); provided, however, that at no time shall the Threshold Price be lower than $3.00 per share unless the Company and the Investor mutually shall agree.

  • Third Priority Principal Distributable Amount With respect to any Distribution Date, an amount, not less than zero, equal to the difference between (i) the excess, if any, of (a) the aggregate outstanding principal balance of the Class A Notes, the Class B Notes and the Class C Notes as of the preceding Distribution Date (after giving effect to any principal payments made on the Class A Notes, the Class B Notes and the Class C Notes on such preceding Distribution Date) over (b) the Aggregate Receivables Principal Balance as of the close of business on the last day of the immediately preceding Monthly Period, and (ii) the sum of (a) the First Priority Principal Distributable Amount, if any, with respect to such Distribution Date and (b) the Second Priority Principal Distributable Amount, if any, with respect to such Distribution Date.

  • Relevant Reference Price means the Reference Price on the Final Valuation Date. "Security Holder" means the holder of a Security.

  • Energy Price has the meaning set forth in Section 4.[1/2](a).

  • Underlying Reference Closing Price Value means, in respect of a SPS Valuation Date, the Closing Price in respect of such day.

  • Forward Hedge Price means, for any Forward Contract, the product of (x) an amount equal to one (1) minus the Forward Hedge Selling Commission Rate for such Forward Contract; and (y) the Volume-Weighted Hedge Price.

  • Applicable Pricing Grid means the table set forth on Schedule 1.1C.

  • Reference Pricei means the Reference Pricei of the relevant Basket Componenti as specified in

  • Forward Price On the Effective Date, the Initial Forward Price, and on any other day, the Forward Price as of the immediately preceding calendar day multiplied by the sum of (i) 1 and (ii) the Daily Rate for such day; provided that on each Forward Price Reduction Date, the Forward Price in effect on such date shall be the Forward Price otherwise in effect on such date, minus the Forward Price Reduction Amount for such Forward Price Reduction Date.

  • VWAP Purchase Price means the lesser of (i) the Closing Sale Price on the VWAP Purchase Date; or (ii) ninety-seven percent (97%) of volume weighted average price for the Common Stock traded on the Principal Market during normal trading hours on (A) the VWAP Purchase Date if the aggregate shares traded on the Principal Market on the VWAP Purchase Date have not exceeded the VWAP Purchase Share Volume Maximum and the Sale Price of Common Stock has not fallen below the VWAP Minimum Price Threshold (to be appropriately adjusted for any reorganization, recapitalization, non-cash dividend, stock split, reverse stock split or other similar transaction), or (B) the portion of the VWAP Purchase Date until such time as the sooner to occur of (1) the time at which the aggregate shares traded on the Principal Market has exceeded the VWAP Purchase Share Volume Maximum, or (2) the time at which the Sale Price of Common Stock falls below the VWAP Minimum Price Threshold (to be appropriately adjusted for any reorganization, recapitalization, non-cash dividend, stock split, reverse stock split or other similar transaction).

  • Specified Price has the meaning given in clause 3.3(b)(ii);