Index Premium definition

Index Premium means the applicable index premium(s) specified in [Exhibit A]
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Index Premium means the applicable index premium(s) specified in [Exhibit A] (nn) “Index Price” means the Monthly market index price described in Section 4.2, and‌
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Examples of Index Premium in a sentence

  • MMGA shall notify Gas Purchaser at least 15 Days before the end of each Index Premium period to enable Gas Purchaser to participate in the process of establishing the new Index Premium, if any, prior to the beginning of the next Index Premium period.

  • In addition to the Contract Price payable by Gas Purchaser to MMGA as set forth in Section 4.1, Gas Purchaser shall pay the applicable Index Premium for the Delivery Points in effect for the Month of delivery.

  • Upon adjustment of the Index Premium as to any Delivery Point, MMGA and Gas Purchaser shall execute a revised Exhibit A reflecting the new Index Premium, if any.

  • Thereafter, as to each Delivery Point, the Index Premium shall be subject to adjustment no more often than quarterly upon mutual agreement of MMGA and the Gas Supplier under the Prepaid Gas Agreement, and such Index Premium shall be for a minimum period of at least three months.

  • The Index Premium for each Delivery Point, which shall be established under the Prepaid Gas Agreement and flowed through from the Gas Supplier to MMGA and from MMGA to Gas Purchaser, is set forth in Exhibit A and shall remain in effect through the date shown in Exhibit A corresponding to each such Delivery Point.

Related to Index Premium

  • Five-year U.S. Treasury Rate means, as of any Reset Dividend Determination Date, as applicable, (i) an interest rate (expressed as a decimal) determined to be the per annum rate equal to the arithmetic mean of the five most recent daily yields to maturity for U.S. Treasury securities with a maturity of five years from the next Reset Date and trading in the public securities markets or (ii) if there is no such published U.S. Treasury security with a maturity of five years from the next Reset Date and trading in the public securities markets, then the rate will be determined by interpolation between the arithmetic mean of the five most recent daily yields to maturity for each of the two series of U.S. Treasury securities trading in the public securities market, (A) one maturing as close as possible to, but earlier than, the Reset Date following the next succeeding Reset Dividend Determination Date, and (B) the other maturity as close as possible to, but later than, the Reset Date following the next succeeding Reset Dividend Determination Date, in each case as published in the most recent H.15. If the Five-year U.S. Treasury Rate cannot be determined pursuant to the methods described in clauses (i) or (ii) above, then the Five-year U.S. Treasury Rate will be the same interest rate determined for the prior Reset Dividend Determination Date.

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

  • Five-Year Treasury Rate means, as of any Reset Interest Determination Date, the average of the yields on actively traded United States Treasury securities adjusted to constant maturity, for five-year maturities, for the most recent five Business Days appearing under the caption “Treasury Constant Maturities” in the most recent H.15.

  • 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.

  • Annualised Premium means the premium amount payable in a year chosen by the policyholder, excluding the taxes, rider premiums, underwriting extra premiums and loadings for modal premiums, if any as specified in the Schedule.