Fixed Price Payor definition

Fixed Price Payor means (a) Enron if the terms set forth on the Website relevant to the Transaction provide that Counterparty is ‘Selling’ and (b) Counterparty if the terms set forth on the Website relevant to the Transaction provide that Counterparty is ‘Buying’.
Fixed Price Payor. Enron Oil & Gas Company Payment Dates: 25th calendar day succeeding each Period End Date. Period End Date: The last calendar day for the appropriate delivery month. The first Period End Date being March 31, 1995. Fixed Amount: $1.85/MMBtu x 6,000,000 MMBtu per Month for each delivery month for the Period March 1, 1995 through December 31, 1995 $1.92/MMBtu x 6,000,000 MMBtu per Month for each delivery month for the Period January 1, 1996 through December 31, 1996 $2.03/MMBtu x 6,000,000 MMBtu per Month for each delivery month for the Period January 1, 1997 through December 31, 1997 $2.14/MMBtu x 6,000,000 MMBtu per Month for each delivery month for the Period January 1, 1998 through December 31, 1998 $2.24/MMBtu x 6,000,000 MMBtu per Month for each delivery month for the Period January 1, 1999 through December 31, 1999.
Fixed Price Payor. (sometimes also referred to as the Buyer) means the Party who, in respect of any Transaction, agrees to pay to the other Party the amount by which the Fixed Price exceeds the Pool Price in any Settlement Hour.

Examples of Fixed Price Payor in a sentence

  • If Fixed Price Payor disagrees with the Cash Settlement Amount calculation made by Floating Price Payor, Fixed Price Payor must give written notice to Floating Price Payor, Fixed Price Payor must give written notice to Floating Price Payor within two (2) Business Days of receipt of the Cash Settlement Amount calculation provided by Floating Price Payor will be deemed correct in all respects.

  • If the Floating Amount is greater than the Fixed Amount, the Floating Price payor shall pay to the Fixed Price Payor on the Payment Date the amount by which the Floating Amount exceeds the Fixed Amount.

  • Notional Amounts and Terms The notional amounts and terms of the outstanding financial instruments at December 31, 1997 are set forth below (volumes in thousands of mmBTUs and MWhs): Fixed Price Payor Fixed Price Receiver Maximum Terms in Years Energy commodities Natural gas 250,293 269,658 13Electric17,848 14,925 9 Avista Energy also has sales and purchase commitments associated with contracts based on market prices totaling 108,464,859 mmBTUs, with terms extending up to 3 years.

  • If the Fixed Price equals the Floating Price, no Cash Settlement Amount is owed by either Fixed Price Payor or Floating Price Payor.

  • Who Calculates the Cash Settlement Amount: Floating Price Payor will calculate in monthly intervals the Cash Settlement Amount within one (1) Business Day of the publication of the Floating Price and will provide written notice of such calculation to Fixed Price Payor.

  • If the Fixed Amount is greater than the Floating Amount, the Fixed Price Payor shall pay to the Floating Price Payor on the Payment Date the amount by which the Fixed Amount exceeds the Floating Amount.

  • If Floating Price Payor and Fixed Price Payor are unable to agree on the calculation of the Cash Settlement Amount on or before the Payment Date, the undisputed amount will be paid by the responsible party and the disputed amount may be determined according to the arbitration provisions of Section 13 of the Master Swap Agreement.

  • If Fixed Price Payor serves written notice of its disagreement with the calculation of the Cash Settlement Amount, such written notice must contain an explanation of why Fixed Price Payor disagrees with the calculation made by Floating Price Payor and an alternative calculation made by Fixed Price Payor.

  • If the Floating Price is greater than the Fixed Price, Floating Price Payor shall pay Fixed Price Payor for the relevant Determination Period: (Notional Quantity of relevant Determination Period) x (Floating Price – Fixed Price).


More Definitions of Fixed Price Payor

Fixed Price Payor. ENA Fixed Price: US Dollars $17.37000 per Barrel FLOATING AMOUNT DETAILS: Floating Price Payor: Counterparty

Related to Fixed Price Payor

  • Fixed Price means the fixed prices for ancillary Services as may be agreed by the Parties and set out in the SOW; FOIA means the Freedom of Information Xxx 0000 and any subordinate legislation made under that Act from time to time together with any guidance and/or codes of practice issued by the Information Commissioner or relevant government department in relation to such legislation;

  • Fixed price contract means a contract that provides a price, for each

  • Minimum Purchase Price has the meaning set forth in Section 2.04.

  • Contract Adjustment Payments means amounts payable by the Company on each Contract Adjustment Payment Date in respect of each Purchase Contract, at a rate per year of 2.725% on the Stated Amount per Purchase Contract.

  • Fixed Fee means an agreed upon amount that is fixed at the inception of the Contract. In a cost reimbursable contract, the fixed fee includes the contractor’s direct and indirect administrative costs and profit allocable to the Contract.

  • Unit Price means an amount stated in the Bid for which Bidder offers to perform the Unit Price Work for a fixed price per unit of measurement.

  • Base Purchase Price has the meaning set forth in Section 2.2.

  • Capitation rate means the fee the department pays monthly to an HMO for each enrolled recipient for the provision of covered medical and health services whether or not the enrolled recipient received services during the month for which the fee is intended.

  • Benchmarked Price means the higher of:

  • Maximum Purchase Price has the meaning assigned to the term in the Pricing Side Letter.

  • Contract Sales Price means the total consideration received by the Company for the sale of an Investment.

  • Approved Price means the "fair value" as determined by the Trust in accordance with the valuation procedures adopted from time to time by the Board of Trustees of the Trust and for which the Trust receives a marked-to-market price (which, for the purpose of clarity, shall not mean Market Value) from an independent source at least semi-annually.

  • Contract Price means the price payable to the supplier under the contract for the full and proper performance of his contractual obligations.

  • Purchase Price Adjustment shall have the meaning specified in Section 3.02.

  • Transfer Price has the meaning set forth in Section 2.01.

  • Canada Yield Price means an amount, calculated as at the date that is three Toronto Business Days prior to the Optional Redemption Date, equal to the net present value of all scheduled payments of interest (other than accrued and unpaid interest) and outstanding principal on the Notes to be redeemed from the Optional Redemption Date to the Par Call Period Commencement Date, using as a discount rate the Canada Yield, plus the Redemption Margin (if any);

  • Contract Price(s) means the price(s) tendered by the contractor and accepted by the Council for the execution of the contract.

  • Limited Resource Price Decrement means, for the 2017/2018 Delivery Year, a difference between the clearing price for Limited Demand Resources and the clearing price for Extended Summer Demand Resources and Annual Resources, representing the cost to procure additional Extended Summer Demand Resources or Annual Resources out of merit order when the Limited Resource Constraint is binding.

  • Unrecovered Initial Unit Price means at any time, with respect to a Unit, the Initial Unit Price less the sum of all distributions constituting Capital Surplus theretofore made in respect of an Initial Common Unit and any distributions of cash (or the Net Agreed Value of any distributions in kind) in connection with the dissolution and liquidation of the Partnership theretofore made in respect of an Initial Common Unit, adjusted as the General Partner determines to be appropriate to give effect to any distribution, subdivision or combination of such Units.

  • Final Price means, with respect to a Security and an Auto-Call Valuation Date or the Valuation Date, subject to the Adjustment Provisions, the price of such Security as determined by the Calculation Agent as of the Valuation Time on the relevant Exchange on such Auto-Call Valuation Date or the Valuation Date, as the case may be.

  • Total Contract Price/Project Cost/TCO means the price payable to Service Provider over the entire period of Contract for the full and proper performance of its contractual obligations.

  • Auction Final Price means the price, if any, determined to be the Auction Final Price pursuant to Section 12 of these Credit Derivatives Auction Settlement Terms (expressed as a percentage, in increments equal to the Relevant Pricing Increment, of the outstanding principal balance, rather than the face amount, of Deliverable Obligations).

  • Fixed Amount has the meaning assigned to such term in Section 1.10(c).

  • Cost price means the actual cost of an item or article of tangible personal property computed in the

  • Adjustment Payment means, in respect of any Security, the payment (if any) determined by the Determination Agent as is required in order to reduce or eliminate, to the extent reasonably practicable, any transfer of economic value to or from the Issuer as a result of the replacement of the Index by the Alternative Pre-nominated Index. The Determination Agent may determine that the Adjustment Payment is zero.

  • List Price means the list of prices of the Goods maintained by the Seller as amended from time to time;