Nearby Month definition

Nearby Month when preceded by a numerical adjective, means, in respect of a Delivery Date and a Pricing Date, the month of expiration of the Futures Contract identified by that numerical adjective, so that, for example, (i) “First Nearby Month” means the month of expiration of the first Futures Contract to expire following the Pricing Date; (ii) “Second Nearby Month” means the month of expiration of the second Futures Contract to expire following the Pricing Date; and (iii) “Sixth Nearby Month” means the month of expiration of the sixth Futures Contract to expire following the Pricing Date.
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Nearby Month when preceded by a numerical adjective, means in respect of a Delivery Date and a Pricing Date, the month of expiration of the Futures Contract identified by the numerical adjective, so that, for example, (a) "First Nearby Month" means the month of expiration of the first Futures Contract to expire following that Pricing Date and (b) "Second Nearby Month" means the month of expiration of the second Futures Contract to expire following that Pricing Date, etc.
Sample 1
Nearby Month means when preceded by a numerical adjective and in relation to a Delivery Date, the month of expiration of the Futures Contract identified by that numerical adjective, so that First Nearby Month means the month of expiration of the first Futures Contract to expire after the relevant Valuation Date;
Sample 1

Examples of Nearby Month in a sentence

  • In respect of Brent Crude Oil: Brent blend light crude oil on the Intercontinental Exchange (the "ICE", "Exchange" and "Price Source") for the settlement price (the "Specified Price") for the First Nearby Month (the "Delivery Date") futures contract, stated in U.S. Dollars per barrel, as made public by the Price Source on Pricing Date.

  • Front Month: In respect of the Futures Contract, the First Nearby Month, providedthat if the day on which the Commodity Reference Price is observed is the same as or subsequent to the First Notice Date or Last Trade Date in respect of that Futures Contract, then the Delivery Date applicable to such day shall be the Second Nearby Month.

  • In respect of WTI Crude Oil: West Texas Intermediate light sweet crude oil on the New York Mercantile Exchange (the "NYMEX", "Exchange" and "Price Source") for the settlement price (the "Specified Price") for the First Nearby Month (the "Delivery Date") futures contract, stated in U.S. Dollars per barrel, as made public by the Price Source on Pricing Date.

  • In respect of Brent Crude Oil:Brent blend light crude oil on the Intercontinental Exchange (the "ICE", "Exchange" and "Price Source") for the settlement price (the "Specified Price") for the First Nearby Month (the "Delivery Date") futures contract, stated in USD per barrel, published by the Price Source on Pricing Date.

  • Empowering women in mining households can therefore have a powerful effect on fostering the economic independence of male mining household members.PRADD II intends to go beyond the initial analysis provided by the Gender Specialist and develop a simple checklist for all its programming activities on the ways in which gender dynamics must be taken into consideration.

  • Trading in the First Nearby Month shall cease on the Trading Day immediately preceding the last day of trading in the First Nearby Month of the DME Oman Crude Oil Futures Contract for the corresponding delivery month.

  • Front Month: In respect of the Futures Contract, the First Nearby Month, providedthat if the day on which the Commodity Reference Price is observed is the same as or subsequent to the First Notice Date or Last Trade Date in respect of that Futures Contract, then the Delivery Date applicable to such day shall be the Second Nearby Month.First Notice Date: In respect of the Futures Contract, the first date on which a party to suchFutures Contract may demand delivery of the Commodity.

  • The Floating Price for each Contract Month is equal to the First Nearby Month daily settlement price determined by ICE for the ICE Brent Crude Futures Contract on the penultimate NYMEX Trading Day for the ICE Brent Crude Futures Contract for the corresponding delivery month.

  • First Nearby Month, unless the Pricing Date falls on the Last Trading Day of the relevant Futures Contract in which case the Delivery Date will be rolled to the Second Nearby Month.

  • The Floating Price for each Contract Month is equal to the First Nearby Month daily settlement price determined by NYMEX, Inc.

Related to Nearby Month

  • Month means calendar month.

  • Operating Month for a Shipper or Transferor means any calendar month in which Carrier either transports Crude Petroleum or recognizes and records a change in ownership of Crude Petroleum for the account of such Party. For purposes hereof the calendar month shall be deemed to begin at 7:00 a.m. (Central Time) on the first day of such month.

  • Billing Month is defined in Section 9.1(b).

  • Delivery Month means each month specified as such by the Exchange pursuant to

  • Calendar Month means any of the twelve (12) months of the Calendar Year.

  • Contract Year means each period of twelve (12) consecutive months during the Initial Term of this Agreement, with the first Contract Year commencing on the Effective Date, and with each subsequent Contract Year commencing on the anniversary of the Effective Date.

  • A month means a month according to Gregorian calendar.

  • Prior Month Receipt Period With respect to each Distribution Date, the calendar month preceding the month in which such Distribution Date occurs.

  • Lease Year means each consecutive twelve-month period beginning with the Commencement Date, except that if the Commencement Date is not the first day of a calendar month, then the first Lease Year shall be the period from the Commencement Date through the final day of the twelve months after the first day of the following month, and each subsequent Lease Year shall be the twelve months following the prior Lease Year.

  • Contract Month means the expiry month January, February, March, April, May, June, July, August, September, October, November, .

  • Average monthly discharge limitation means the highest allowable average of "daily discharges" over a calendar month, calculated as the sum of all "daily discharges" measured during a calendar month divided by the number of "daily discharges" measured during that month. Compliance with fecal coliform bacteria or E coli bacteria limitations shall be determined using the geometric mean.

  • Twelve-Month Period means a period of twelve consecutive months determined on a rolling basis where a new twelve month period begins on the first day of each calendar month.

  • Production Period is the period that for winter cereal advances commences October 1, 2021 and terminates September 30, 2023; for advances on all other field crops, honey, hogs, goats, sheep and lambs commences April 1, 2022 and terminates September 30, 2023; and for advances on cattle, continuous flow cattle, and bison commences on April 1, 2022 and terminates on March 31, 2024.

  • Project Year means the twelve-month period beginning from the Effective Date and ending twelve months thereafter (the First Project Year), and any twelve-month period beginning at the end of the First Project Year, or the end of subsequent Project Years;

  • Yearly (1/Year) sampling frequency means the sampling shall be done in the month of September, unless specifically identified otherwise in the effluent limitations and monitoring requirements table.

  • Model Year means the CI engine manufacturer’s annual production period, which includes January 1st of a calendar year, or if the manufacturer has no annual production period, the calendar year.

  • Base Monthly Rent means the fixed monthly rent payable by Tenant pursuant to Section 3.1 which is specified in Section K of the Summary.

  • Peak Period means the time between 6 a.m. and 10 p.m. (April through September) or between 7a.m. and 11 p.m. (October through March) on all days except Saturdays and Sundays, which daily time period will be subject to change from time to time at the Company's option. This change would occur after no less than ten (10) days notice has been given to all Customers who would be affected, and to the Commission.

  • Yearly (1/Year) sampling frequency means the sampling shall be done in the month of September, unless specifically identified otherwise in the effluent limitations and monitoring requirements table.

  • Contract Quarter means a three-month period that commences on January 1, April 1, July 1 or October 1 and ends on March 31, June 30, September 30, or December 31, respectively.

  • Semi-annual (2/Year) sampling frequency means the sampling shall be done during the months of June and December, unless specifically identified otherwise.

  • Semi-annual (2/Year) sampling frequency means the sampling shall be done during the months of June and December, unless specifically identified otherwise.

  • Monthly Base Rent The monthly rent specified in Section 1.01(8).

  • Lease Period means each of the consecutive periods throughout the Basic Term and any Renewal Term ending on a Lease Period Date, the first such period commencing on and including the Delivery Date.

  • Quarterly (1/Quarter) sampling frequency means the sampling shall be done in the months of March, June, August, and December, unless specifically identified otherwise in the Effluent Limitations and Monitoring Requirements table.

  • Rolling Three Month Delinquency Rate With respect to any Distribution Date, the fraction, expressed as a percentage, equal to the average of the Delinquency Rates for each of the three (or one and two, in the case of the first and second Distribution Dates, respectively) immediately preceding calendar months.