Initial Mark definition

Initial Mark means the On-Peak Forward Market Price or the Off-Peak Forward Market Price, as applicable, for a particular month as of the closing day of the Illinois Auction, as described in Appendix D.
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Examples of Initial Mark in a sentence

  • These “mid-market” prices will further be averaged across Brokers in order to set the Initial Mark.

  • The Initial Mark for the Off-Peak Forward Market Price will be the Initial Mark for the On-Peak Forward Market Price multiplied by the off-peak to on-peak price ratio for the month from Table 2.

  • For months for which Available Broker Quotes cannot be obtained and pricing information is unavailable from alternative sources, each of the Companies will set the on-peak Initial Mark using a methodology that utilizes the best information available to each of the Companies at that time.

  • If the Companies or their agent cannot obtain Available Broker Quotes for certain months, alternative sources of price data will be relied on for setting the Initial Mark for the On-Peak Forward Market Price, to the extent such pricing data is available from the alternative sources.

  • METHODOLOGY FOR SETTING INITIAL MARKS AND MARKS For the months for which [the Company / the Companies] or [its / their] agent can obtain Available Broker Quotes, the on-peak Initial Mark will equal the simple average of the bid and ask prices for those months where quotes are available.

  • For months for which Available Broker Quotes cannot be obtained and pricing information is unavailable from alternative sources, [the Company / the Companies] will set the on-peak Initial Mark using a methodology that utilizes the best information available to [the Company / the Companies] at that time.

  • If [the Company / the Companies] or [its / their] agent cannot obtain Available Broker Quotes for certain months, alternative sources of price data will be relied on for setting the Initial Mark for the On-Peak Forward Market Price, to the extent such pricing data is available from the alternative sources.

  • For the months for which the Companies or their agent can obtain Available Broker Quotes, the on-peak Initial Mark will equal the simple average of the bid and ask prices for those months where quotes are available.

  • The Trust Agreement is a valid and binding agreement of the Company, the Institutional Trustee and the Administrators, and is enforceable against each of the parties, in accordance with its terms.

  • Subsequently, the differences between the Initial Mark and the available On-Peak Forward Market Prices on the valuation date (“Mark”) for the corresponding Billing Periods will be used to calculate the daily exposures for the BGS-FP Supplier.

Related to Initial Mark

  • Individual market means the market for health insurance coverage offered to individuals other than

  • Initial Market Value means, in relation to a Ship, the Market Value of that Ship calculated in accordance with the valuations relative thereto referred to in paragraph 5 of Schedule 4, Part B;

  • Initial Margin means the amount of cash or securities deposited with a broker as a margin payment at the time of purchase or sale of a futures contract.

  • Financial Markets means international financial markets in which currency and other financial assets exchange rates are determined in multi-party trade.

  • External Market Buyer means a Market Buyer making purchases of energy from the PJM Interchange Energy Market for consumption by end-users outside the PJM Region, or for load in the PJM Region that is not served by Network Transmission Service.