Commodity Component definition

Commodity Component means, collectively, the 10 commodities and the two indices identified under the heading “Component Commodity” in the definition of “Component Commodities.”
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Commodity Component means an amount equal to (1) the Estimated Commodity Component plus (2) the product of -US$2,000,000 times the NYMEX Price Differential. The "TCPL Transportation Component" means an amount equal to (1) the Estimated TCPL Transportation Component plus (2) the product of -US$300,000 times the TCPL Rate Percent Differential. An example of this calculation is shown on Appendix C. Notwithstanding the foregoing, the Termination Payment shall be at least twenty-two million U.S. dollars (US$22,000,000) but shall in no event exceed twenty-eight million U.S. dollars (US$28,000,000). 3.3
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Commodity Component means any individual ICT component used by the Contractor in the provision of the Services that is generally and commercially available for purchase and for which the cost to the Contractor of deploying and integrating that component into the Services is less than [**] percent ([**]%) of the purchase cost of that component;
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Examples of Commodity Component in a sentence

  • The Purchased Gas Adjustment shall be computed to the nearest one- hundredth cent per Ccf in the following manner: The Firm Gas Sales Adjustment shall be the sum of the Demand Component (Adjustment "A") and the Commodity Component (Adjustment "B"), and Storage Component (Adjustment "C").

  • Commodity Component -- the quotient obtained by dividing the Current Commodity Cost by the Total Sales in the Computation Period.

  • Those who have given notice under Article 349, paragraph 1 of the Act that he/she intends to engage commercially in Over-the-Counter Commodity Derivative Transactions with regard to the Listed Commodity Component Products, etc.

  • By July 1 of each year, the Company will file with the Commission the Gas Supply Plan, the fixed value of the Demand Component, and the Commodity Component for the following Recovery Year.

  • If no selection is made, the Commodity Component option will default to Annual Sales WACOG (November 1 through October 31).

  • The Commodity Component applicable to out-of-cycle transfers to Sales Service will be the Monthly Incremental Cost of Gas, as determined in accordance with Schedule 150 of this Tariff.

  • The Commodity Component will automatically change to Annual Sales WACOG effective October 1 for a Customer who has submitted their service change request prior to July 31 for an effective date prior to October 1.

  • The Commodity Component will automatically change to Annual Sales WACOG effective October 1 of the following year for a Customer who has submitted their service change request after July 31.

  • A Customer is eligible to select the Company’s Winter Sales WACOG for the Commodity Component provided Customer submits a Service Election Form to the Company on or before August 31.

  • Good Delivery Materials shall be designated by the Exchange for each Listed Commodity Component Product.


More Definitions of Commodity Component

Commodity Component means the component comprised of the following commodities: crude oil (1/3); aluminium (1/3); and copper (1/3).
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Related to Commodity Component

  • Commodity contract means a commodity futures contract, an option on a commodity futures contract, a commodity option, or another contract if the contract or option is:

  • Commodity Account is any “commodity account” as defined in the Code with such additions to such term as may hereafter be made.

  • commodity derivatives means commodity derivatives as defined in Article 2(1)(30) of Regulation (EU) No 600/2014;

  • Commodity Interests means commodity futures contracts, options on commodity futures contracts, and options on physical commodities traded on or subject to the rules of:

  • Commodity customer means a person for which a commodity intermediary carries a commodity contract on its books.

  • 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.

  • Commodity Agreement means any commodity futures contract, commodity swap, commodity option or other similar agreement or arrangement designed to protect against fluctuations in the price of commodities or to otherwise manage commodity prices or the risk of fluctuations in commodity prices.

  • Commodity Agreements means, in respect of any Person, any forward contract, commodity swap agreement, commodity option agreement or other similar agreement or arrangement in respect of Hydrocarbons used, produced, processed or sold by such Person that are customary in the Oil and Gas Business and designed to protect such Person against fluctuation in Hydrocarbon prices.

  • Commodities means positions in Commodity Contracts, forward contracts, foreign exchange positions and traded physical commodities, as well as cash commodities resulting from any of the foregoing positions.

  • Pledged Uncertificated Stock means any Stock or Stock Equivalent of any Person that is not Pledged Certificated Stock, including all right, title and interest of any Grantor as a limited or general partner in any partnership not constituting Pledged Certificated Stock or as a member of any limited liability company, all right, title and interest of any Grantor in, to and under any Organization Document of any partnership or limited liability company to which it is a party, and any distribution of property made on, in respect of or in exchange for the foregoing from time to time, including in each case those interests set forth on Schedule 5, to the extent such interests are not certificated. Pledged Uncertificated Stock excludes any Excluded Property and any Cash Equivalents that are not held in Controlled Securities Accounts to the extent permitted by Section 5.10.

  • Securities Account is any “securities account” as defined in the Code with such additions to such term as may hereafter be made.

  • Commodities Accounts (i) shall mean all “commodity accounts” as defined in Article 9 of the UCC and (ii) shall include, without limitation, all of the accounts listed on Schedule 4.4 under the heading “Commodities Accounts” (as such schedule may be amended or supplemented from time to time).

  • Foreign market vehicle means any motor vehicle originally manufactured outside the United States,

  • Commodity intermediary means a person that:

  • Certificated Air Carrier means a Citizen of the United States holding an air carrier operating certificate issued by the Secretary of Transportation pursuant to Chapter 447 of Title 49 of the United States Code for aircraft capable of carrying ten or more individuals or 6,000 pounds or more of cargo or that otherwise is certified or registered to the extent required to fall within the purview of Section 1110.

  • Commodity Hedging Agreements means, in respect of a Person, any commodity purchase contract, commodity futures or forward contract, commodities option contract or other similar contract (including commodities derivative agreements or arrangements), to which such Person is a party or a beneficiary.

  • 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.

  • Commodity Hedging Agreement means any agreement for the making or taking of delivery of any commodity, any commodity swap agreement, floor, cap or collar agreement or commodity future or option or other similar agreement or arrangement, or any combination thereof, entered into by the applicable Person, primarily for the purpose of mitigating or eliminating exposure to fluctuations in commodity prices.

  • Derivative Product means a written contract or agreement between the Authority and a Reciprocal Payor, which provides that the Authority’s obligations thereunder will be conditioned on the absence of (a) a failure by the Reciprocal Payor to make any payment required thereunder when due and payable, or (b) a default thereunder with respect to the financial status of the Reciprocal Payor; and:

  • Component Security means with respect to an Index, each component security of that Index.

  • All-In Yield means the yield of the applicable Indebtedness, whether in the form of interest rate, margin, commitment or ticking fees, original issue discount, upfront fees, index floors or otherwise, in each case payable generally to lenders, provided that original issue discount and upfront fees shall be equated to interest rate assuming a four-year life to maturity, and shall not include arrangement fees, structuring fees or other fees not paid to the applicable lenders generally.

  • Commodity means any material, article, supply, goods, or equipment.

  • Uncertificated Lower-Tier Interest A regular interest in the Lower-Tier REMIC which is held as an asset of the Upper-Tier REMIC and is entitled to monthly distributions as provided in Section 5.02(a) hereof. Any of the Class 1-L Interest, Class 1-LS Interest, Class 2-L Interest, Class 2-LS Interest, Class 3-L Interest, Class 3-LS Interest, Class 4-L Interest and Class 4-LS Interest are Uncertificated Lower-Tier Interests.

  • Interest Component Each future interest payment, or portion thereof, due on or prior to the Maturity Date, or if the Debt Security is subject to redemption or repayment prior to the Maturity Date, the first date on which such Debt Security is subject to redemption or repayment.

  • Uncertificated Security shall have the meaning given such term in Section 8-102(a)(18) of the UCC.