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.

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.

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.

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.