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.