Fallback Price definition

Fallback Price means the Fallback Price as referenced in Article VI, Section G when a Temporary Price cannot be agreed upon.
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Fallback Price. The Calculation Agent shall, where applicable, determine the Relevant Price on the basis of the first additional Com- modity Reference Price agreed in the Terms of the Transaction which is not affected by a Market Disruption Event. c) „Verhandlung“: Die Parteien werden unverzüglich Verhandlungen über den Referenzpreis aufnehmen. Haben sich die Parteien, aus welchen Gründen auch immer, nicht innerhalb der Höchstdauer der Marktstörung - berechnet ausschließlich des ersten Feststellungsta- ges, für den die Berechnungsstelle das Bestehen einer Marktstörung (c) “Negotiation”: The parties shall promptly negotiate to agree on a Relevant Price. If the parties, for whatever reason, fail to agree on the Relevant Price within the Maximum Market Disruption Time – such period to be calculated excluding the first Pricing Date for which the Calculation Agent identified the existence of a Market Disruption festgestellt hat- auf den Referenzpreis geeinigt, so findet die nächste vereinbarte oder als vereinbart geltende Ersatzregelung Anwendung. Event, the next applicable Disruption Fallback agreed or deemed agreed shall apply.
Sample 1
Fallback Price means the Fallback Price as referenced in Article VI, Section G when a Temporary Price cannot be agreed upon. 2 ***INDICATES INFORMATION IN THIS DOCUMENT WHICH HAS BEEN OMITTED FROM THIS PUBLIC FILING PURSUANT TO A REQUEST BY THE COMPANY FOR CONFIDENTIAL TREATMENT BY THE SECURITIES AND EXCHANGE COMMISSION. THE OMITTED INFORMATION HAS BEEN FILED SEPARATELY WITH THE SECRETARY OF THE SECURITIES AND EXCHANGE COMMISSION FOR PURPOSES OF SUCH REQUEST. "Kxxx Facility" shall mean Kxxx'x anhydrous ammonia production facility at Sterlington, Louisiana. The Kxxx Facility has two (2) ammonia production units, each capable of producing ammonia independently of the other. "Kxxx Terminal" shall mean Kxxx'x anhydrous ammonia terminal at Taft, Louisiana capable of receiving ammonia by vessels, loading and shipping ammonia in a barge, and reinjecting ammonia into the ammonia pipeline. "Market Activity" shall mean actual purchase transactions published in Fertilizer Markets and reflected in the published pricing index for the respective Market Price currently being used to determine the Price. Market Activity shall not mean lack of price movement of the pricing index even though purchase transactions may have occurred at the same published price.
Sample 1

Examples of Fallback Price in a sentence

  • If no such Fallback Price is specified, the parties shall promptly endeavor to agree on an alternative source for determination of such Commodity Reference Price for that day.

  • The spirit of this Agreement will be to default to the Fallback Price only in the event the parties can not agree to a Temporary Price.

  • The Temporary Price or the Fallback Price will remain in effect until Market Activity occurs in the pricing index that originally caused the party to tender notice of concern at which time the Price will be determined based on Article VI, Sections A, B, C, and D.

  • The parties will make commercially reasonable efforts to reach a Temporary Price rather than defaulting to the Fallback Price unless both parties mutually agree the Temporary Price should be the Fallback Price.

  • If the parties can not agree to a Temporary Price within one (1) week of the date of tendering of notice, the Temporary Price will then be the Fallback Price.

  • Fallback Price Determination” is invoked, the Calculation Agent will determine Crude OilREF applicable to the relevant Exchange Business Day, or the Final Crude Oil Price on the Valuation Date, as the case may be, by requesting four leading dealers in Crude Oil (selected in the sole discretion of the Calculation Agent) (the “Reference Dealers”) to provide price quotations for the relevant Crude OilREF or the Final Crude Oil Price.

  • If the parties can not agree to a Temporary Price within one (1) week from the date of tendering of notice, the Temporary Price will then be based on the Fallback Price.

  • Fallback Price, when in effect as provided herein, shall mean that the Price as determined based on Article VI, SectionA, B, C, and D shall be determined with the Market Price per metric ton under Section C deemed to be equal to ***.

  • The spirit of negotiating the Temporary Price will be to determinea price that is between the current Market Price and the Fallback Price.

  • In the event a Temporary Price or Fallback Price is in effect, this will become the Market Price for the week.


More Definitions of Fallback Price

Fallback Price means the price determined by the Calculation Agent in good faith in accordance with the market valuation provisions, expressed as a percentage of the:
Sample 1

Related to Fallback Price

  • Fallback Reference Price (if the relevant parties have specified an alternate Commodity Reference Price in the Confirmation);

  • Fallback Rate means, where a Permanent Discontinuation Trigger for an Applicable Benchmark Rate has occurred, the rate that applies to replace that Applicable Benchmark Rate in accordance with Condition 5.3(b)(i)(B);

  • Ask Price means the price at which the Company is willing to sell a CFD.

  • VWAP Price means, on any Exchange Business Day, the per Share volume-weighted average price as displayed under the heading “Bloomberg VWAP” on Bloomberg page “ECPG <equity> AQR” (or any successor thereto) in respect of the period from 9:30 a.m. to 4:00 p.m. (New York City time) on such Exchange Business Day (or if such volume-weighted average price is unavailable, the market value of one Share on such Exchange Business Day, as determined by the Calculation Agent using a volume-weighted method).

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

  • Reference Price means the Reference Price of the Underlying as specified in § 1 of the Product and Underlying Data.

  • ISDA Fallback Adjustment means the spread adjustment (which may be a positive or negative value or zero) that would apply for derivatives transactions referencing the ISDA Definitions to be determined upon the occurrence of an index cessation event with respect to the Benchmark for the applicable tenor.

  • Volume Weighted Average Price means, for any security as of any date, the daily dollar volume-weighted average price for such security on the Primary Market as reported by Bloomberg through its “Historical Prices – Px Table with Average Daily Volume” functions, or, if no dollar volume-weighted average price is reported for such security by Bloomberg, the average of the highest closing bid price and the lowest closing ask price of any of the market makers for such security as reported in the "pink sheets" by Pink Sheets LLC.

  • Average VWAP means the average of the VWAP for each Trading Day in the relevant period.

  • Relevant Reference Price means the Reference Price on the Final Valuation Date. "Security Holder" means the holder of a Security.

  • Stock Price shall have the meaning specified in Section 14.03(c).

  • Average Price means the average closing price of a share of the Substitute Common Stock for the one year immediately preceding the consolidation, merger or sale in question, but in no event higher than the closing price of the shares of Substitute Common Stock on the day preceding such consolidation, merger or sale; provided that if Issuer is the issuer of the Substitute Option, the Average Price shall be computed with respect to a share of common stock issued by the person merging into Issuer or by any company which controls or is controlled by such person, as the Holder may elect.

  • Final Index Price means the average of the Index Prices for the 20 consecutive full trading days ending on the trading day prior to the Determination Date.

  • Weighted Average Price means, for any security as of any date, the dollar volume-weighted average price for such security on the Principal Market during the period beginning at 9:30:01 a.m., New York time (or such other time as the Principal Market publicly announces is the official open of trading), and ending at 4:00:00 p.m., New York time (or such other time as the Principal Market publicly announces is the official close of trading), as reported by Bloomberg through its “Volume at Price” function or, if the foregoing does not apply, the dollar volume-weighted average price of such security in the over-the-counter market on the electronic bulletin board for such security during the period beginning at 9:30:01 a.m., New York time (or such other time as such market publicly announces is the official open of trading), and ending at 4:00:00 p.m., New York time (or such other time as such market publicly announces is the official close of trading), as reported by Bloomberg, or, if no dollar volume-weighted average price is reported for such security by Bloomberg for such hours, the average of the highest closing bid price and the lowest closing ask price of any of the market makers for such security as reported on the Pink Open Market. If the Weighted Average Price cannot be calculated for a security on a particular date on any of the foregoing bases, the Weighted Average Price of such security on such date shall be the fair market value as mutually determined by the Company and the Holder. If the Company and the Holder are unable to agree upon the fair market value of such security, then such dispute shall be resolved pursuant to Section 12 with the term “Weighted Average Price” being substituted for the term “Exercise Price.” All such determinations shall be appropriately adjusted for any stock dividend, stock split, stock combination, reclassification or other similar transaction during the applicable calculation period.

  • ISDA Fallback Rate means the rate that would apply for derivatives transactions referencing the ISDA Definitions to be effective upon the occurrence of an index cessation date with respect to the Benchmark for the applicable tenor excluding the applicable ISDA Fallback Adjustment.

  • Reference Pricei means the Reference Pricei of the relevant Basket Componenti as specified in

  • Final Index Level : means the Closing Level of the FTSE 100 Index on the Investment End Date.

  • Day-ahead Loss Price means the Loss Price resulting from the Day-ahead Energy Market.

  • Initial Index Price means the sum of each per share closing price of the common stock of each company comprising the Index Group multiplied by the applicable weighting, as such prices are reported on the consolidated transactions reporting system for the market or exchange on which such common stock is principally traded, on the trading day immediately preceding the public announcement of the Agreement.

  • LIBOR Market Index Rate means, for any day, LIBOR as of that day that would be applicable for a LIBOR Loan having a one-month Interest Period determined at approximately 10:00 a.m. Central time for such day (rather than 11:00 a.m. (London time) two Business Days prior to the first day of such Interest Period as otherwise provided in the definition of “LIBOR”), or if such day is not a Business Day, the immediately preceding Business Day. The LIBOR Market Index Rate shall be determined on a daily basis.

  • Benchmark Price shall have the meaning ascribed to the term in Section 1.1 of the relevant Trust Agreement.

  • Applicable Pricing Level means, (a) for the Initial Pricing Period, Pricing Level II, and (b) thereafter, the pricing level set forth below opposite the Debt Rating achieved by Borrower as of the first day of that Pricing Period: I Greater than or equal to Aa3 / AA- II Less than Aa3 / AA- but greater than or equal to A1/A+ III Less than A1/A+ but greater than or equal to A2/A IV Less than A2/A but greater than or equal to A3/A- V Less than A3/A- provided that in the event that the then prevailing Debt Ratings are “split ratings”, Borrower will receive the benefit of the higher Debt Rating, unless the split is a “double split rating” (in which case the pricing level applicable to the middle Debt Rating will apply) or a “triple split rating” (in which case the pricing level applicable to the Debt Rating above the Debt Rating applicable to the lowest pricing level will apply). For purposes hereof, a Debt Rating is only a “split rating” if the Debt Rating applies to a different pricing level.

  • Index Value means, in relation to any Reference Rate Business Day:

  • Retail Prices Index means the general index (for all items) published by the Office for National Statistics or, if that index is not published for a relevant month, any substituted index or index figures published by that Office;

  • Initial Index Level means the closing level of the FTSE 100 on the Start Date.

  • Index Price on a given date means the weighted average (weighted in accordance with the factors listed above) of the closing prices of the companies comprising the Index Group.