Commodity Price definition

Commodity Price shall have the meaning given to it in paragraph 4 of Framework Schedule 3 (Charging Structure);

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Commodity Price shall have the meaning set forth in Section 4.2.

Commodity Price means the price of gas for each month which shall be mutually agreed upon by the parties and subsequently confirmed in writing prior to the date Buyer's nomination notice to Seller is due for the month of delivery. In the event that the parties fail to reach agreement as to the Commodity Price, the Alternate Commodity Price determined in accordance with Section 4.3 shall apply.

Examples of Commodity Price in a sentence

• If the Unit can burn only Jet, the Commodity Price shall be the midpoint of the range for Jet.

• The Commodity Price for Distillate Fuel Oil shall be the simple average of the midpoint of the ranges for CARB No. 2 Diesel and for Jet as published in ▇▇▇▇▇’▇ Oilgram United States West Coast Product Assessments (page 22).

• This is in terms of physically fixing the Commodity Price for the future delivery of the Goods but not paying the Charges until the Goods have been Delivered.

• In the event that the actual quantity delivered, the Alternate Commodity Price or the Reservation Charge is not known at the time the invoice is rendered, an estimated quantity, Alternate Commodity Price and Reservation Charge, based on the best available information, shall be used.

• If an applicable index for a day, which is used to compute the index’s average for a Trading Day, is not published, then that index will not be used to compute the Commodity Price for that trading day.

More Definitions of Commodity Price

Commodity Price means the current price of the Commodity. For the avoidance of any doubt, this shall not be the futures contract value but the futures contract value divided by the applicable contract factor (the value of 1.0 future’s point) specified on the applicable Bloomberg page referred to in the definition of the relevant Series, and if no such page reference exists, such other page reference as the Calculation Agent determines;

Commodity Price means, for any Business Day, the spot price per barrel of West Texas Intermediate light sweet crude oil for delivery in Cushing, Oklahoma, stated in U.S. Dollars, as published under the heading “Spot Crude Price Assessments: U.S.:WTI” in the issue of ▇▇▇▇▇’▇ Oilgram that reports prices effective on such date; provided that if no such price is published on a particular Business Day, then the price for such date shall be the price most recently published prior to such date, and if the above publication ceases to be published during the term hereof, its successor publication shall be used or, if there is no successor, then a comparable published index shall be substituted in replacement thereof.

Commodity Price means the Confidential Information listed in the Call Off Order Form (if any) comprising of commercially sensitive information relating to: - (a) the pricing of the Services; (b) details of the Supplier’s IPR; (c) the Supplier’s business and investment plans; and/or (d) the Supplier’s trade secrets; which the Supplier has indicated to the Customer that, if disclosed by the Customer, would cause the Supplier significant commercial disadvantage or material financial loss; Shall have the meaning given to it in Schedule 3 of the Framework Agreement

Commodity Price as used here means the price that utilities pay for the natural gas for their utility customers. Utilities pass these costs, with no markup on the gas price, to customers.

Commodity Price means the base price per MMBtu as determined pursuant to Sections 5.2, 5.3, 5.4, and 5.5 hereof.

Commodity Price has the meaning given to it in Clause 6.1(b);

Commodity Price means the gas price. Contract means this deemed natural gas supply contract issued under the Deemed Contract Scheme of DONG Energy Sales (UK) Limited, made under paragraph 8 of schedule 2B to the Gas Act 1986. Customer portal means the website that allows you to view your data, and to carry out a number of calculations and assumptions. Data-logger means a device we have approved for gathering information from a meter, a converter, a phone line or radio transmitter, or any other equipment used to send information to the meter reading agency. Data-logger reading means a reading taken from the meter using a data-logger. Day means the period from 6am on one day until 6am on the following day and the term daily is to be interpreted based on this. Delivery charge means the charge (in p/kWh) that we will charge you as well as the commodity price.