Bid Week definition

Bid Week means the week during which the New York Mercantile Exchange’s Xxxxx Hub natural gas futures contract for the immediately following month terminates. “British thermal unit” or “Btu” means the International BTU, which is also called the Btu (IT).
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Bid Week means the last 5 business days of each calendar month.
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Bid Week is defined to mean for the week in the prior month during which gas prices are established for the current month.
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Examples of Bid Week in a sentence

  • The Border Price is equal to the average of the first of the month "Southern Cal Border Avg." index from Natural Gas Intelligence and the "Bid Week, California-South, Delivered to Pipeline" index from Natural Gas Week.

  • If Seller anticipates that Seller will be unable to deliver Gas to Buyer on any Gas Day for the following month due to an Interruption of LNG Supply, Seller shall notify Buyer at least two (2) Business Days prior to the Bid Week for the delivery month of the estimated amount of the Interruption of LNG Supply.

  • Buyer shall notify Seller of its intention to make payments prior to the Payment Date at least two (2) Business Days prior to Bid Week for the delivery month.

  • No later than two (2) Business Days prior to Bid Week for each delivery month, Seller shall notify Buyer of any volume of Gas that Seller will not be able to deliver to Buyer for such delivery month due to Scheduled Maintenance.

  • Bid Week is defined as the last five Canadian business days of the calendar month, or a suitable representation as published by ICE NGX to account for certain holidays in Canada and in the United States.

  • The Index Period may be a full calendar month, or a particular day or set of days, including Bid Week.

  • A key component of the Strategic Plan is the Watershed Management Initiative (WMI), which promotes a watershed management approach for water quality protection as discussed in Chapter 1.

  • For all South SoCal service area volumes not transported on the DGS BTS Capacity, DGS will pay the Supplier the difference between the monthly Bid Week prices for SoCal Border and SoCal Gas Citygate, in effect paying the Supplier for the actual market cost of the BTS Capacity for said month.

  • A Depositor (or following the death of the Depositor, the Beneficiary) may designate as Beneficiary of his or her Account a trust for the benefit of his or her surviving spouse that is intended to satisfy the conditions of Sections 2056(b)(7) or 2056A of the Code (a “Spousal Trust”).

  • Basic pricing will use Natural Gas Intelligence (NGI) monthly Bid Week indexes.


More Definitions of Bid Week

Bid Week means the last 5 trading days of each calendar month, where a trading day is defined as any day that the Intercontinental Exchange (ICE) is trading physical natural gas.
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Bid Week. Average Spot (One Month) Firm (100% LF) price" published in "The Canadian Gas Price Reporter Table: Canadian Natural Gas Supply Prices" converted from Cdn $/GJ to Cdn $/MMBtus by multiplying by 1.054615 GJ/MMBtu and converted to US $/MMBtu by multiplying by the current month "Canada/U.S. Exchange Rate" published in "The Canadian Gas Price Reporter Table: Monthly Canadian and U.S. natural gas price summary" rounded to the nearest cent;
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Related to Bid Week

  • Competitive Bid Margin means the margin above or below the applicable Eurocurrency Base Rate offered for a Eurocurrency Bid Rate Loan, expressed as a percentage (rounded to the nearest 1/100 of 1%) to be added or subtracted from such Eurocurrency Base Rate.

  • Competitive Bid Request means a request by the Borrower for Competitive Bids in accordance with Section 2.04.

  • Bid Request means a written request for one or more Bid Loans substantially in the form of Exhibit B-1.

  • Bid sample means a sample to be furnished by a bidder to show the characteristics of the item offered in the bid.

  • Competitive Bid Reduction has the meaning specified in Section 2.01.

  • Demand Bid Screening means the process by which Demand Bids are reviewed against the applicable Demand Bid Limit, and rejected if they would exceed that limit, as determined pursuant to Operating Agreement, Schedule 1, section 1.10.1B, and the parallel provisions of Tariff, Attachment K-Appendix.

  • Open Competitive Bidding means a fair and transparent specified procedure defined under these Rules, advertised in the prescribed manner, leading to the award of a contract whereby all interested persons, firms, companies or organizations may bid for the contract and includes both National and International Competitive Biddings;

  • Bid Date means the date fixed for receipt of Bids as per Notice Inviting Bids or as extended by subsequent notification(s).

  • Competitive bidding means a transparent process for procurement of equipment, services and works in which bids are invited by the project developer by open advertisement covering the scope and specifications of the equipment, services and works required for the project, and the terms and conditions of the proposed contract as well as the criteria by which bids shall be evaluated, and shall include domestic competitive bidding and international competitive bidding;

  • Bid Opening Date means the date the Bid is opened by the City.

  • Competitive Bid Rate means, with respect to any Competitive Bid, the Margin or the Fixed Rate, as applicable, offered by the Lender making such Competitive Bid.

  • Competitive Bid Advance means an advance by a Lender to the Borrower as part of a Competitive Bid Borrowing resulting from the competitive bidding procedure described in Section 2.03 and refers to a Fixed Rate Advance or a LIBO Rate Advance.

  • Competitive Bid means an offer by a Lender to make a Competitive Loan in accordance with Section 2.04.

  • Competitive Bid Borrowing means a borrowing consisting of simultaneous Competitive Bid Advances from each of the Lenders whose offer to make one or more Competitive Bid Advances as part of such borrowing has been accepted under the competitive bidding procedure described in Section 2.03.

  • Competitive Bid Quote Request means the notice, in substantially the form of Exhibit C hereto, to be delivered by the Company in accordance with Section 2.03 in requesting Competitive Bid Quotes.

  • Competitive Bid Loan means a Competitive Bid LIBOR Loan or a Competitive Bid Absolute Rate Loan.

  • Invitation for Competitive Bid Quotes means the notice substantially in the form of Exhibit C hereto to the Lenders in connection with the solicitation by the Borrower of Competitive Bid Quotes.

  • Notice of Competitive Bid Borrowing has the meaning specified in Section 2.03(a).

  • Submitted Bid has the meaning specified in Section 11.10(d)(i) below.

  • Competitive Bid Note means a promissory note of the Borrower payable to the order of any Lender, in substantially the form of Exhibit A-2 hereto, evidencing the indebtedness of the Borrower to such Lender resulting from a Competitive Bid Advance made by such Lender.

  • competitive bidding process means a competitive bidding process referred to in paragraph 12 (1) (d) of this Policy;

  • Competitive when used in reference to any Loan or Borrowing, refers to whether such Loan, or the Loans constituting such Borrowing, are made pursuant to Section 2.04.

  • Competitive Bid Accept/Reject Letter means a notification made by the Borrower pursuant to Section 2.03(d) in the form of Exhibit A-4.

  • Absolute Rate means a fixed rate of interest expressed in multiples of 1/100th of one basis point.

  • bid means a written offer in a prescribed or stipulated form in response to an invitation by an organ of state for the provision of goods or services, through price quotations, advertised competitive bidding processes or proposals;

  • Lowest Evaluated Bid means a bid for goods, works and services having the lowest evaluated cost among the substantially responsive bids