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’.
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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.
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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.
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Examples of Fixed Price Payor in a sentence

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

  • 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.

  • 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 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).

  • 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 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.


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
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