Broker Quotes definition

Broker Quotes means the price determined using the volume weighted average of the end of day Allowance prices for each Terminated Transaction from three (3) bona fide unaffiliated brokers selected in good faith by the Non-Defaulting Party (or SDG&E if calculating Agreement Exposure pursuant to the Credit Support Addendum), which brokers regularly publish and widely distribute price assessments for Allowances and who actively participate in the market for Allowances. For sake of certainty, Broker Quotes shall be for Allowances regardless of whether the Product under the Terminated Transaction was an Allowance or an Offset Credit.
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Broker Quotes means the price determined using the volume weighted average of the end of day Allowance prices for each Terminated Transaction from three (3) bona fide unaffiliated brokers selected in good faith by (a) the Non-Defaulting Party in the case of an Early Termination under Section 9.3, (b) the Party replacing Product under Section 3.6, or (c) the Calculating Party if calculating Agreement Exposure pursuant to the Credit Support Addendum. The brokers must regularly publish and widely distribute price assessments for Allowances and actively participate in the market for Allowances. For sake of certainty, Broker Quotes shall be for Allowances regardless of whether the Product under the Terminated Transaction was an Allowance or an Offset Credit.
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Broker Quotes means the written Mid-Market price quotations for calendar year NYMEX Henry Hub Gas Prices obtained from OTC Brokers.
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Examples of Broker Quotes in a sentence

  • For a given month, the Available Broker Quotes used may be quoted specific to that month or for a multi-month block period containing the given month.

  • If the Companies obtain multiple Available Broker Quotes that contain a given month, the Available Broker Quote for the shortest available period will be used to calculate the Available Broker Quote used to set the Mark for the given month.

  • Thus, if the Companies or their agent are unable to obtain an Available Quote specific to that month, but can "back out" a monthly quote proxy using multi-month block Available Broker Quotes, the "backed out" price method will be utilized.

  • Thus, if [the Company / the Companies] or [its/their] agent [is / are] unable to obtain an Available Quote specific to that month, but can "back out" a monthly quote proxy using multi-month block Available Broker Quotes, the "backed out" price method will be utilized.

  • If the [Company / the Companies] [obtains / obtain] multiple Available Broker Quotes that contain a given month, the Available Broker Quote for the shortest available period will be used to calculate the Available Broker Quote used to set the Mark for the given month.

  • For months for which Available Broker Quotes cannot be obtained and pricing information is unavailable from alternative sources, each of the Companies will set the on-peak Initial Mark using a methodology that utilizes the best information available to each of the Companies at that time.

  • If the Companies or their agent cannot obtain Available Broker Quotes for certain months, alternative sources of price data will be relied on for setting the Initial Mark for the On-Peak Forward Market Price, to the extent such pricing data is available from the alternative sources.

  • For months for which Available Broker Quotes cannot be obtained and pricing information is unavailable from alternative sources, [the Company / the Companies] will set the on-peak Initial Mark using a methodology that utilizes the best information available to [the Company / the Companies] at that time.

  • If [the Company / the Companies] or [its / their] agent cannot obtain Available Broker Quotes for certain months, alternative sources of price data will be relied on for setting the Initial Mark for the On-Peak Forward Market Price, to the extent such pricing data is available from the alternative sources.

  • For the months for which the Companies or their agent can obtain Available Broker Quotes, the on-peak Initial Mark will equal the simple average of the bid and ask prices for those months where quotes are available.

Related to Broker Quotes

  • Reference Government Bond Dealer Quotations means, with respect to each Reference Government Bond Dealer and any date of redemption, the arithmetic average, as determined by the Determination Agent, of the bid and offered prices for the Reference Bond (expressed in each case as a percentage of its nominal amount) at the Quotation Time on the Reference Date quoted in writing to the Determination Agent by such Reference Government Bond Dealer;

  • Reference Treasury Dealer Quotations means, with respect to each Reference Treasury Dealer and any Redemption Date, the average, as determined by the Independent Investment Banker, of the bid and asked prices for the Comparable Treasury Issue (expressed in each case as a percentage of its principal amount) quoted in writing to the Independent Investment Banker by such Reference Treasury Dealer at 5:00 p.m., New York City time, on the third Business Day preceding such Redemption Date.

  • Error Quote (Spike) means an Error Quote with the following characteristics:

  • Reference Treasury Dealer Quotation means, with respect to a particular Reference Treasury Dealer and a particular redemption date, the average, as calculated by the Quotation Agent, of the bid and asked price for the Comparable Treasury Issue (expressed in each case as a percentage of its principal amount) quoted in writing to the Quotation Agent by such Reference Treasury Dealer as of 3:30 p.m., New York City time, on the third Business Day preceding that redemption date.

  • Reference German Bund Dealer Quotations means, with respect to each Reference German Bund Dealer and any relevant date, the average as determined by the Issuer of the bid and offered prices for the Comparable German Bund Issue (expressed in each case as a percentage of its principal amount) quoted in writing to the Issuer by such Reference German Bund Dealer at 3:30 p.m. Frankfurt, Germany time on the third Business Day preceding the relevant date.