Exchange Differential definition

Exchange Differential means, in Exchange Transactions, the net difference in price per unit of Contract Quantity between the Products exchanged by the parties, as agreed to in a Transaction. The Transaction shall indicate the party responsible for payment of the Exchange Differential.
Sample 1Sample 2Sample 3
Exchange Differential means, in exchange Transactions, the net difference in price per Gallon between the Products exchanged by the Parties, as set forth in the applicable Confirmation. The Confirmation shall set forth the Party responsible for payment of the Exchange Differential.
Sample 1Sample 2
Exchange Differential means, in exchange Transactions, the net difference in price per Gallon, Barrel or Cubic Meter, as applicable, between the Products exchanged by the Parties, as set forth in the Confirmation. The Confirmation shall specify the Party responsible for payment of the Exchange Differential.
Sample 1

Examples of Exchange Differential in a sentence

  • The Base Exchange Differential shall be adjusted at the beginning of each Month commencing with the Month of initial deliveries hereunder by an amount attributable to the change in Processor’s actual electrical power costs, for the Fractionator and Processor’s gathering system connected to the Fractionator, incurred during the Month prior to the Month in question, and compared to the Base Rate, all as more fully described in Appendix 1 hereto.

  • In addition to the Adjusted Base Exchange Differential specified above, Customer shall pay Processor the quality adjustment fees specified below.

  • In addition to the Base Exchange Differential, as adjusted, Customer shall pay Processor a CO2 quality adjustment fee (“Non-S&P CO2 Quality Adjustment Fee”) for each Dedicated Plant as specified below in this Section 3.7.A (i).

  • The Base Exchange Differential shall be adjusted at the beginning of each Month commencing with the Month of initial deliveries hereunder by an amount attributable to the change in Processor’s Fuel Gas Cost incurred during the Month prior to the Month in question, and compared to the Base Rate, all as more fully described in Appendix 1 hereto, and using the Efficiency Levels set forth therein.

  • The Base Exchange Differential, as adjusted in accordance with this Section, shall be referred to herein as the “Adjusted Base Exchange Differential.” Notwithstanding anything herein to the contrary, in no event shall such adjustments reduce the Adjusted Base Exchange Differential below the Base Exchange Differential.

  • The Base Exchange Differential shall be adjusted at the beginning of each Contract Year by multiplying the Base Exchange Differential by a fraction, the numerator of which is the Consumer Price Index for All Urban Consumers (U.S. city average, all items, not seasonally adjusted, the “CPI”) for the last Month of the just concluded Contract Year, and the denominator of which is CPI for the last Month of the prior Contract Year.

  • All E/P $ (**) Location “C”, Kxxxxx Xxxxxx/Kxxx Junction, Reno County, Kansas All E/P, C3+ $ (**) * Location “D”, Texaco Delivery Point, Conway, Kansas All IC4 & C5 $ (**) * * Each applicable Base Exchange Differential shall be increased by $0.007 per Gallon after the Primary Term, such increase to be applicable during and after the Option Term, if applicable.

  • To manage this risk, the banker should enter into Exchange Differential agreement with the customer, which ensures that the borrower is liable to such difference in exchange rate.

  • For each Gallon of Additional Volume delivered to Processor, Customer shall pay Processor a Base Exchange Differential of (i) [***] per Gallon for ethane, and (ii) [***] per Gallon for Propane Plus, each as adjusted pursuant to Subsection 3.6.B of the Agreement.

  • Electrical Cost: (**) X $ (**) - $ (**) = $ (**) Total Escalation Adjustment $ (**) Base Exchange Differential $ (**) Adjusted Base Exchange Differential $ (**) 1 “Current” is inserted for illustrative purposes only, and is the hypothetical actual cost for the prior Month.

Related to Exchange Differential

  • Yield Differential has the meaning set forth in Section 2.14(e)(iii).

  • Price Differential with respect to any Transaction as of any date, the aggregate amount obtained by daily application of the Pricing Rate for such Transaction to the Purchase Price for such Transaction on a 360 day per year basis for the actual number of days during the period commencing on (and including) the Purchase Date for such Transaction and ending on (but excluding) the date of determination (reduced by any amount of such Price Differential previously paid by Seller to Buyer with respect to such Transaction);

  • Interest Differential is defined in Section 3.4.

  • Price Differential Payment Date means, with respect to a Purchased Mortgage Loan, the 5th day of the month following the related Purchase Date and each succeeding 5th day of the month thereafter; provided, that, with respect to such Purchased Mortgage Loan, the final Price Differential Payment Date shall be the related Repurchase Date; and provided, further, that if any such day is not a Business Day, the Price Differential Payment Date shall be the next succeeding Business Day.

  • Transaction Notional Amount means (A) in respect of any Transaction that is a cross currency hedge, the Base Currency Equivalent of the Currency Amount applicable to Party A’s payment obligations and (B) in respect of any other Transaction, the Base Currency Equivalent of the Notional Amount.

  • Differential is a salary allowance in addition to the basic rate or schedule based upon hours of employment.

  • Interest Share Amount shall have the meaning set forth in Section 2(a).

  • VWAP Purchase Price means the lesser of (i) the Closing Sale Price on the VWAP Purchase Date; or (ii) ninety-seven percent (97%) of volume weighted average price for the Common Stock traded on the Principal Market during normal trading hours on (A) the VWAP Purchase Date if the aggregate shares traded on the Principal Market on the VWAP Purchase Date have not exceeded the VWAP Purchase Share Volume Maximum and the Sale Price of Common Stock has not fallen below the VWAP Minimum Price Threshold (to be appropriately adjusted for any reorganization, recapitalization, non-cash dividend, stock split, reverse stock split or other similar transaction), or (B) the portion of the VWAP Purchase Date until such time as the sooner to occur of (1) the time at which the aggregate shares traded on the Principal Market has exceeded the VWAP Purchase Share Volume Maximum, or (2) the time at which the Sale Price of Common Stock falls below the VWAP Minimum Price Threshold (to be appropriately adjusted for any reorganization, recapitalization, non-cash dividend, stock split, reverse stock split or other similar transaction).

  • Exchange Value is the adjusted appraised value of the Property which takes into consideration various factors to balance the business value of the Property within its present ownership structure.

  • Open Market Adjustment Amount shall have the meaning specified in Section 2(I).

  • Differential Amount means the Differential Amount as calculated or, respectively, specified by the Calculation Agent pursuant to § 4 of the Special Conditions.

  • SOFR Adjustment Date means the second U.S. Government Securities Business Day before the first day of such Interest Period.

  • Step-Down Amount means, with respect to any Distribution Date, the excess, if any, of (x) the Required Pro Forma Note Balance over (y) the Pro Forma Note Balance on such Distribution Date, calculated for this purpose only without deduction for any Step-Down Amount (i.e., assuming that the entire amount described in clause (x) of the definition of “Principal Distributable Amount” is distributed as principal on the Notes); provided, however, that the Step-Down Amount in no event may exceed the amount that would reduce the positive difference, if any, of (i) the Pool Balance minus (ii) the Pro Forma Note Balance, to an amount less than 0.50% of the initial aggregate principal balance of the Receivables.

  • Exchange Factor means 1.0; provided, however, that if the General Partner: (a) declares or pays a dividend on its outstanding Common Stock in Common Stock or makes a distribution to all holders of its outstanding Common Stock in Common Stock; (b) subdivides its outstanding Common Stock; or (c) combines its outstanding Common Stock into a smaller number of shares of Common Stock, the Exchange Factor shall be adjusted by multiplying the Exchange Factor by a fraction, the numerator of which shall be the number of shares of Common Stock issued and outstanding on the record date for such dividend, contribution, subdivision or combination (assuming for such purpose that such dividend, distribution, subdivision or combination has occurred as of such time), and the denominator of which shall be the actual number of shares of Common Stock (determined without the above assumption) issued and outstanding on the record date for such dividend, distribution, subdivision or combination. Any adjustment to the Exchange Factor shall become effective immediately after the effective date of such event retroactive to the record date, if any, for such event.

  • Transaction Value means the actual contract value (the bid sum or price) in South African currency, inclusive of all applicable taxes in respect of the goods, services or construction works that are contracted for.

  • Unadjusted Principal Distribution Amount As defined in the definition of “Principal Distribution Amount.”

  • Cash Settlement Amount means the “Cash Settlement Amount” as determined by the Calculation Agent in accordance with Paragraph 6.

  • Transaction Amount means the aggregate value of all of the issued and outstanding REIT Shares using a per share value equal to the per share value paid to the Stockholders in an Extraordinary Transaction. Transfer has the meaning set forth in Section 9.2(a) hereof. Value means, with respect to REIT Shares, the average of the daily market price of such REIT Share for the ten (10) consecutive trading days immediately preceding the date of such valuation. The market price for each such trading day shall be: (i) if the REIT Shares are Listed, the sale price, regular way, on such day, or if no such sale takes place on such day, the average of the closing bid and asked prices, regular way, on such day; (ii) if the REIT Shares are not Listed, the last reported sale price on such day or, if no sale takes place on such day, the average of the closing bid and asked prices on such day, as reported by a reliable quotation source designated by the General Partner; or (iii) if the REIT Shares are not Listed and no such last reported sale price or closing bid and asked prices are available, the average of the reported high bid and low asked prices on such day, as reported by a reliable quotation source designated by the General Partner, or if there shall be no bid and asked prices on such day, the average of the high bid and low asked prices, as so reported, on the most recent day (not more than ten (10) days prior to the date in question) for which prices have been so reported; provided that if there are no bid and asked prices reported during the ten (10) days prior to the date in question, the value of the REIT Shares shall be determined by the General Partner acting in good faith on the basis of such quotations and other information as it considers, in its reasonable judgment, appropriate. In the event the REIT Shares Amount includes rights that a holder of REIT Shares would be entitled to receive, then the value of such rights shall be determined by the General Partner acting in good faith on the basis of such quotations and other information as it considers, in its reasonable judgment, appropriate.

  • Interest Adjustment Date With respect to a Mortgage Loan, the date, if any, specified in the related Mortgage Note on which the Mortgage Interest Rate is subject to adjustment.

  • Component Notional Amount Not applicable.

  • Net Adjustment Amount means an amount, which may be positive or negative, equal to the Closing Net Working Capital as finally determined pursuant to this Section 2.9 minus the Preliminary Net Working Capital as set forth on the Preliminary Closing Statement;

  • Maximum Settlement Amount means the maximum amount the Company may be required to pay pursuant to this Settlement, which is the sum of Three Hundred Thousand Dollars ($300,000), excluding any of the Company’s employer-side share of FICA, FUTA, and other similar, mandatory employer-side payroll taxes. In no event shall the Maximum Settlement Amount exceed the foregoing sum.

  • Roll-Up Transaction means a transaction involving the acquisition, merger, conversion or consolidation either directly or indirectly of the Company and the issuance of securities of a Roll-Up Entity to the holders of Common Shares. Such term does not include:

  • Calculated Principal Distribution As defined in Section 5.03(d).

  • Underlying Reference Closing Price Value means, in respect of a SPS Valuation Date, the Closing Price in respect of such day.

  • Settlement Amount has the meaning specified in Section 14.02(a)(iv).