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.
This can be explained by some factors: one is the lack of trust between the UNO and the officer concerned.
Delivery Dates: (i) in respect of Component1 and Component2, First Nearby Month and (ii) in respect of Component3, not applicable .
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.
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.
On page 582:- West Texas Intermediate light sweet crude oil Intraday Price means, for a date, any price per barrel at which the West Texas Intermediate light sweet crude oil has been traded at any time during that date on the NYMEX of the First Nearby Month Futures Contract (unless otherwise provided for in the applicable Final Terms), stated in USD, available on page "CL1 Comdty" of the Bloomberg terminal and on page “CLc1” of the Reuters Monitor Money Rates Service (or any relevant succeeding page).
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.
The Delivery/Load Schedule shall be agreed to by the parties on a monthly basis prior to the commencement of any Nearby Month during the Term and it shall be effective for the Nearby Month, adjusted as mutually agreed to by the parties.
The price limit for any Nearby Month shall be ten cents (10¢) per pound above and below the settlement price for such month of the preceding trading session.