Closing Calculation definition

Closing Calculation has the meaning ascribed thereto in Section 2.6.1;

Closing Calculation means, in respect of a Business Day, the calculation which takes place at least 15 minutes after the settlement price of the corresponding underlying commodity asset of such Business Day is available.

Closing Calculation has the meaning set forth in Section 3.2(a).

Examples of Closing Calculation in a sentence

• Schedule 2.6.1, which has been delivered by the Parties concurrently with the execution of this Agreement, contains a sample calculation of the Closing Calculation.

• The Vendors’ Delegate shall be permitted reasonable access to the relevant books and records of the Purchaser and any personnel or representative responsible for preparing the Closing Calculation in respect of the Closing Date Balance Sheet during normal business hours.

• The scope of the disputes to be resolved by the Independent Firm shall be limited to whether the calculation in the Closing Calculation was done in accordance with the terms hereof, the accounting methods, standards, policies, practices, classifications, estimation methodologies, assumptions or procedures used to prepare the Closing Calculation and required by the terms of this Agreement, and whether there were mathematical errors in the calculation of the Closing Calculation.

• In resolving any such disagreements, the Independent Firm may not assign a value to such item greater than the greatest value for such item claimed in the Closing Calculation or the Objection Notice or less than the lowest value for such item in the Closing Calculation or Objection Notice.

• The Parties will bear their respective fees and expenses (including those of their respective advisors) in preparing, auditing or reviewing, as the case may be, the Closing Calculation.

More Definitions of Closing Calculation

Closing Calculation means, in respect of a Business Day, the calculation of the Indices at the Fixing time.

Closing Calculation means, in respect of a Business Day, the calculation of the Indices at the Fixing time. “Fixing Time” means, in respect of each Business Day and each Index, 10:00 PM CET.

Closing Calculation has the meaning set forth in Section 4.1(d)(i).

Closing Calculation has the meaning specified in Section 2.1(b).

Closing Calculation means, in respect of a Business Day, the calculation which takes place when the settlement price of the corresponding underlying future of such Business Day is published.

Closing Calculation has the meaning set forth in Section 3.2(a). “Closing Date” has the meaning set forth in Section 8.1.

Closing Calculation has the meaning set forth in Section 3.3(d) of ------------------- this Agreement.