Floating Basis Price definition

Floating Basis Price means a price equal to the sum of a fixed dollar amount agreed to by the Parties plus the difference between the selected reference price for the Delivery Point(s) and the Average Settlement Price for the applicable Month. The price for all Gas for which a Flexible Price has not been agreed by the Parties shall be the original Contract Price applicable to the Transaction. X.X. Xxx 0000 Xxxxxxx, Xxxxx 00000-0000 Attn: Documentation and Deal Clearing Desk Facsimile No. (000) 000-0000 Termination Notice Facsimile No. (000) 000-0000 X.X. Xxx 0000 Xxxxxxx, Xxxxx 00000-0000 Attn: Client Services Facsimile No. (000) 000-0000 Enron North America Corp. ABA Routing 000000000 Bank of America Dallas, Texas Account 3750494099 Nominations: 0(000) 000-0000/0(000) XXXXXXX Confirmations: Enron North America Gas Trading 0(000) 000-0000 Co-Steel Inc. 000 Xxx Xxxxxx Xxxxx Xxxxx, XX 00000 EXAMPLE OF CONFIRMATION ON COMPANY LETTERHEAD (INCLUDING NAME AND ADDRESS) TO CONFIRM TELEPHONIC TRANSACTIONS UNDER SECTION 2.4 This Confirmation shall confirm the Transaction agreed to on ___________, _______ and binding between Co-Steel Inc. ("Customer") and Enron North America Corp. ("Company") regarding the firm purchase and sale of Gas under the following terms and conditions. _______________________ to purchase and receive (Buyer) and __________________ to sell and deliver (Seller). Transaction number ___________________________. DAILY CONTRACT QUANTITY (DCQ): ____________________________ MAXDQ (if applicable): ____________________________ MINMQ (if applicable): ____________________________ MINDQ (if applicable): ____________________________ DELIVERY POINT(S): ____________________________ CONTRACT PRICE (per MMBtu): ____________________________ PERIOD OF DELIVERY: ____________________________ SPOT PRICE LOCATION: ____________________________
Sample 1
Floating Basis Price means a price equal to the sum of a fixed dollar amount agreed to by the Parties plus the difference between the selected reference price for the Delivery Point(s) and the Average Settlement Price for the applicable Month. The price for all Gas for which a Flexible Price has not been agreed by the Parties shall be the original Contract Price applicable to the Transaction.
Sample 1Sample 2Sample 3
Floating Basis Price means a price equal to the sum of a fixed dollar amount agreed to by the Parties PLUS the difference between the selected reference price for the Delivery Point(s) and the Average Settlement Price for the applicable Month. The price for all Gas for which a Flexible Price has not been agreed by the Parties shall be the original Contract Price applicable to the Transaction. "1"-4 EXHIBIT "A" ENFOLIO MASTER FIRM PURCHASE/SALE AGREEMENT NOTICE/COMMUNICATION/PAYMENT COMPANY: NOTICES/CORRESPONDENCE: P.O. Box 4428 Houston, Texas 77210-4428 Attn: Documentation and Deal Xxxxxxxx Xxxx Xxxxxxxxx Xx. (000) 000-4816 Termination Notice Facsimile No. (713) 646-4818 INVOXXXX: X.X. Xxx 4428 Houston, Texas 77210-4428 Atxx: Xxxxxx Xxxvices Facsimxxx Xx. (000) 000-0000 XXXXXXXX: Xxxx payment to the following account: Exxxx Xxxxx Xxxrica Corp. ABA Routing 111000012 Bank of America Dallas, Texas Account 3750494099 NOMINATIXXX: 0(000) 356-9427/1(800) FLOWGAS CONFIRMATIONS: ENRON NORTH AMERICA GAX XXXXXXX 0(000) 000-0000 XX CUSTOMER: NOTICES/CORRESPONDENCE: COLUMBIA ENERXX XXXXXXXX XXXPORATION 13880 Dulles Corner Lane Herndon, VA 20171 Attn: Melissa Flewellyn Pxxxx: (000) 000-0000 Xxxxxxxxx: (000) 000-7317 Paxxx: (000) 000-0016 INVOXXXX: Xxxxxxxxer, Columbia Xxxxxx Xxxxxx Corporaxxxx 00000 Xxxles Corner Lane Herndon, VA 20171 Attn: Rich Contos Phone: (000) 000-0000 Xxxxxxxxx: (000) 000-0000 PAYMENTX: Xxxxxxxx Energy Xxxxxx Xxxxxxxtion ABA #040000000 XXX Xxnk, N.A. Pittsburgh, PA Acct.# 1006117239 NOMINATIOXX: Xxxx DeStephanis or Heidi Boyd or Donna Jones at (703) 561-6000, Fax (000) 000-0000 CONXXXXXXXXXX: Kaxx XxXxxxxxnis xx Xxxxx Xxxx or Donxx Xxxxx xx (003) 561-6000, Fax (000) 000-0000 XXXXXXX "X" ENFOLIO MASTER FIRM PURCHASE/SALE AGREEMENT EXAMPLE OF CONFIRMATION ON COMPANY LETTERHEAD (INCLUDING NAME AND ADDRESS) TO CONFIRM TELEPHONIC TRANSACTIONS UNDER SECTION 2.4 This Confirmation shall confirm the Transaction agreed to on _________, ______ and binding between __________________ ("CUSTOMER") and ________________ ("COMPANY") regarding the firm purchase and sale of Gas under the following terms and conditions. ___________________ to purchase and receive (Buyer) and _______________ to sell and deliver (Seller). Transaction number ___________________. DAILY CONTRACT QUANTITY (DCQ): _____________________ MAXDQ (if applicable): _____________________ MINMQ (if applicable): _____________________ MINDQ (if applicable): _____________________ DELIVERY POINT(S): _____________________ C...
Sample 1

Examples of Floating Basis Price in a sentence

  • Customer may request a price other than the original Contract Price, being a Fixed Price, Fixed Basis Price or Floating Basis Price (each below defined) by contacting Company during Pricing Hours requesting any such price for a specified quantity of Gas to be Scheduled during selected Months within the Period of Delivery; provided, such request must be made prior to 1:30 p.m. C.T. of the third trading Day prior to the last trading Day of the NYMEX Gas futures contract for the selected Month.


More Definitions of Floating Basis Price

Floating Basis Price means a price equal to the sum of a fixed dollar amount agreed to by the Parties plus the difference between the selected reference price for the Delivery Point(s) and the Average Settlement Price for the applicable Month. The price for all Gas for which a Flexible Price has not been agreed by the Parties shall be the original Contract Price applicable to the Transaction. This Confirmation shall confirm the Transaction agreed to on ___________, _____ and binding between _____________________ ("Customer") and ______________________ ("Company") regarding the firm purchase and sale of Gas under the following terms and conditions. _______________________ to purchase and receive (Buyer) and __________________ to sell and deliver (Seller). Transaction number ___________________________. DAILY CONTRACT QUANTITY (DCQ):_______________ MAXDQ (if applicable):____________________________ MINMQ (if applicable):____________________________ MINDQ (if applicable):____________________________ DELIVERY POINT(S):_____________________________ CONTRACT PRICE (per MMBtu):___________________ PERIOD OF DELIVERY: __________________________ SPOT PRICE LOCATION:_________________________
Sample 1

Related to Floating Basis Price

  • Weighted Average Adjusted Net Mortgage Rate For any Distribution Date and Loan Group, the average of the Adjusted Net Mortgage Rate of each Mortgage Loan in that Loan Group, weighted on the basis of its Stated Principal Balance as of the Due Date in the prior month (after giving effect to Principal Prepayments in the Prepayment Period related to such prior Due Date).

  • Floating Interest Rate means: (a) initially Three-Month Term SOFR (as defined below). (b) Notwithstanding the foregoing clause (i) of this Section 2(b): (i) If the Calculation Agent, determines prior to the relevant Floating Interest Determination Date that a Benchmark Transition Event and its related Benchmark Replacement Date (each of such terms as defined below) have occurred with respect to Three-Month Term SOFR, then the Company shall promptly provide notice of such determination to the Holders and Section 2(c) (Effect of Benchmark Transition Event) will thereafter apply to all determinations, calculations and quotations made or obtained for the purposes of calculating the Floating Interest Rate payable on the Subordinated Notes during a relevant Floating Interest Period. (ii) However, if the Calculation Agent, determines that a Benchmark Transition Event and its related Benchmark Replacement Date have occurred with respect to Three-Month Term SOFR, but for any reason the Benchmark Replacement has not been determined as of the relevant Floating Interest Determination Date, the Floating Interest Rate for the applicable Floating Interest Period will be equal to the Floating Interest Rate on the last Floating Interest Determination Date for the Subordinated Notes, as determined by the Calculation Agent (as defined below). (iii) If the then-current Benchmark is Three-Month Term SOFR and any of the foregoing provisions concerning the calculation of the interest rate and the payment of interest during the Floating Interest Period are inconsistent with any of the Three-Month Term SOFR Conventions determined by the Company, then the relevant Three-Month Term SOFR Conventions will apply.

  • Floating Day Count Fraction means, in respect of the calculation of an amount of interest for any Interest Period:

  • Weighted Average Floating Spread means, as of any date of determination, the number, expressed as a percentage, obtained by summing the products obtained by multiplying, in the case of each Floating Rate Portfolio Investment included in the Borrowing Base, on an annualized basis, the Spread of such Floating Rate Portfolio Investments, by the outstanding principal balance of such Floating Rate Portfolio Investments as of such date and dividing such sum by the aggregate outstanding principal balance of all such Floating Rate Portfolio Investments and rounding the result up to the nearest 0.01%.

  • CB Floating Rate means the Prime Rate; provided that the CB Floating Rate shall never be less than the Adjusted One Month LIBOR Rate on such day (or if such day is not a Business Day, the immediately preceding Business Day). Any change in the CB Floating Rate due to a change in the Prime Rate or the Adjusted One Month LIBOR Rate shall be effective from and including the effective date of such change in the Prime Rate or the Adjusted One Month LIBOR Rate, respectively.

  • Adjusted CD Rate has the meaning set forth in Section 2.07(b).

  • Mid-Swap Floating Leg Benchmark Rate means EURIBOR (if the Specified Currency is euro), LIBOR for the Specified Currency (if the Specified Currency is U.S. dollars, Pounds Sterling or Swiss Francs), CIBOR (if the Specified Currency is Danish Kroner), NIBOR (if the Specified Currency is Norwegian Kroner), STIBOR (if the Specified Currency is Swedish Kronor) or (in the case of any other Specified Currency) the benchmark rate most closely connected with such Specified Currency and selected by the Calculation Agent in its discretion after consultation with the Issuer;

  • Reset Price means the price of the relevant Underlying Reference determined by the Calculation Agent by reference to the price obtained by unwinding any underlying related hedging arrangements in respect of the relevant Security during the Unwinding Time Period immediately following the relevant Reset Event Determination Time ;

  • LIBOR Daily Floating Rate means, for any day, a fluctuating rate of interest per annum equal to LIBOR, as published on the applicable Bloomberg screen page (or such other commercially available source providing such quotations as may be designated by Administrative Agent from time to time), at or about 11:00 a.m., London time, two (2) London Banking Days prior to such day, for U.S. Dollar deposits with a term of one (1) month commencing that day; provided that if the LIBOR Daily Floating Rate shall be less than zero, such rate will be deemed zero for purposes of this Agreement.

  • Weighted Average Net Mortgage Rate With respect to any Distribution Date, the weighted average of the applicable Net Mortgage Rates of the Mortgage Loans as of the first day of the related Due Period, weighted on the basis of their respective Stated Principal Balances as of the first day of such Due Period (after giving effect to any payments received during any applicable grace period).

  • Calculation Rate For each Distribution Date, in the case of the Class A and Class B Interests, the product of (i) 10 and (ii) the weighted average rate of the outstanding Class A and Class B Interests, treating each Class A Interest as capped at zero or reduced by a fixed percentage of 100% of the interest accruing on such Class.

  • Adjusted Interest Rate means, with respect to any Reset Transaction, the rate per annum that is the arithmetic average of the rates quoted by two Reference Dealers selected by the Company or its successor as the rate at which interest on the Securities should accrue so that the fair market value, expressed in dollars, of a Security immediately after the later of:

  • Floating Quarterly Dividend Rate means, for any Quarterly Floating Rate Period, the rate of interest (expressed as a percentage rate rounded down to the nearest one hundred-thousandth of one percent (with 0.000005% being rounded up)) equal to the sum of the T-Bill Rate on the applicable Floating Rate Calculation Date plus 1.60% (calculated on the basis of the actual number of days elapsed in such Quarterly Floating Rate Period divided by 365).

  • 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.

  • Adjusted Net Mortgage Rate As to each Mortgage Loan and at any time, the per annum rate equal to the Mortgage Rate less the Expense Fee Rate.

  • Reference Bond Price means, with respect to any date of redemption, (a) the arithmetic average of the Reference Government Bond Dealer Quotations for such date of redemption, after excluding the highest and lowest such Reference Government Bond Dealer Quotations, or (b) if the Determination Agent obtains fewer than four such Reference Government Bond Dealer Quotations, the arithmetic average of all such quotations;

  • Weighted Average Net Mortgage Interest Rate As to any Distribution Date, a rate per annum equal to the average, expressed as a percentage of the Net Mortgage Interest Rates of all Mortgage Loans that were Outstanding Mortgage Loans as of the Due Date in the month preceding the month of such Distribution Date, weighted on the basis of the respective Scheduled Principal Balances of such Mortgage Loans.

  • Floating Amount The product of (a) the Notional Amount (b) the Floating Rate Day Count Fraction and (c) the Settlement Spread which shall be calculated in accordance with the following formula: If USD-LIBOR-BBA is greater than the Cap Rate I for the applicable Calculation Period, then Settlement Spread = (USD-LIBOR-BBA - applicable Cap Rate I) provided, however, that if USD-LIBOR-BBA for any Calculation Period is greater than the Cap Rate II then the USD-LIBOR-BBA for such Calculation Period shall be deemed to be the Cap Rate II. If 1 Month USD-LIBOR-BBA is less than or equal to the Cap Rate I for the applicable Calculation Period, then Settlement Spread = Zero. Floating Rate for initial Calculation Period: To be determined Floating Rate Option: USD-LIBOR-BBA Designated Maturity: 1 month Spread: None Floating Rate Day Count Fraction: 30/360 Reset Dates: First day of each Calculation Period. Business Days: New York Calculation Agent: Party A

  • Floating Rate means, for any day, a rate per annum equal to (i) the Alternate Base Rate for such day plus (ii) the Applicable Margin, in each case changing when and as the Alternate Base Rate changes.

  • Weighted Average Interest Rates means, with respect to any Outstanding Notes of a class or tranche of the MBNAseries, or of all of the Outstanding Notes of the MBNAseries, on any date, the weighted average (weighted based on the Outstanding Dollar Principal Amount of the related Notes on such date) of the following rates of interest:

  • Adjusted Prime Rate A rate per annum equal to the sum of (a) the Prime Rate Margin and (b) the greater of (i) the Prime Rate or (ii) one percent (1%) in excess of the Federal Funds Effective Rate. Any change in the Adjusted Prime Rate shall be effective immediately from and after such change in the Adjusted Prime Rate.

  • Reference Interest Rate means the following rate (expressed as a percentage rate per annum) for deposits in the currency of the Strike Price: the Reference Interest Rate specified in the Table which has been published on the screen page specified in the Table (the "Screen Page") (or on a screen page replacing such screen page) on the immediately preceding Reset Date, provided that if such day is a Monday, the relevant day will be the immediately preceding Friday; all as determined by the Determination Agent.

  • 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.

  • Unadjusted Reference Interest Rate Replacement means the Reference Interest Rate Replacement excluding the Reference Interest Rate Replacement Adjustment.

  • Floating Rate Period shall have the meaning set forth in Section 2.05(b) hereof.

  • Fee Basis Amount As of any date of determination, the sum of (a) the Collateral Principal Amount, (b) the Aggregate Principal Balance of all Defaulted Obligations and (c) the aggregate amount of all Principal Financed Accrued Interest.

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