OPIS Index definition

OPIS Index means the monthly average of the daily average (AVG) prices per Gallon, for the Month of delivery, as quoted by Oil Price Information Service (“OPIS”) in the OPIS-LP-Gas Report for “Any Current Month” under “Mont Belvieu Spot Gas Liquids Prices” using (i) the Non-TET prices for the propane, isobutane, normal butane, and natural gasoline Components; and (ii) the Purity Ethane price for the ethane Component. The OPIS Index is not to include any TET, Oth, or other categories of Component prices that might be published by OPIS during the Term. No value will be given to CO2 or other impurities or for methane in excess of the Carrier's Product Specifications.
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OPIS Index means the Oil Price Information Service Index.
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OPIS Index means the Monthly average of the daily high and low prices per Gallon, for the applicable Month, as quoted by the Oil Price Information Service (“OPIS”) for “Any Current Month” under “Mont Belvieu Spot Gas Liquids Prices” using (i) the Non-TET prices for the Propane, Isobutane, Normal Butane and Natural Gasoline Specification Products (as defined in this Section 2 below under “Specification Products”); and (ii) the purity ethane price for the Ethane Specification Product. Should any of the indices referenced above be discontinued, the parties shall mutually agree upon a comparable successor index and/or publication.
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Examples of OPIS Index in a sentence

  • The Shipper Cash Out Position equals the sum of (i) each Component Imbalance multiplied by (ii) the corresponding OPIS Index less $0.11 per gallon.

  • The use of the OPIS Index prices becomes non-representative of the market.

  • The Proposer provides clear and convincing proof that market conditions unrelated to the OPIS Index have been materially altered from those that existed at the time of award or renewal of contract.

  • Auditors will make every effort to ensure production is not disrupted during the employment site tour, whilst ensuring that they are able to view the production area during busy production periods.

  • Base Fuel Price: The base fuel price will be set from the Oil Price Information Services (OPIS) Daily Rack average of the motor fuel prices published in the OPIS Index Newsletter at the close of business each day for the Port of Tampa, Florida, Pad 1 Terminal.

  • The international case studies presented in this Report are considered acceptable practices in their country of origin.

  • On average, the County purchases approximately 145,000 gallons of mid-grade gasoline and 70,000 gallons of Ultra-Low diesel.6.2.6 Awarded vendor must provide a copy of the Daily OPIS Index Newsletter during the full term of the contract resulting from this ITB, showing the daily OPIS Rack Average price for the terminal where vendor purchased the fuel, for the dates of fuel delivery.6.2.7 The Vendor shall keep an adequate supply of gasoline and diesel fuel available to fill requirements at all times.

  • The Mayor made the following announcement: As this is the last ordinary Council meeting of this municipal year, I would like to thank all Councillors for electing me as Mayor, it has been a privilege to serve the Borough in this capacity and I have been grateful for the opportunity to serve.

  • The total District price for each gallon delivered will be equal to the OPIS Index Price for the fuel product on the date of delivery, plus the applicable Fixed Mark-Up as bid.Please provide a copy of the OPIS pricing with your bid.

  • The Plaintiffs came to possess those documents only through the Access to Information process.


More Definitions of OPIS Index

OPIS Index shall have the meaning set forth in Section 5.2(a).
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OPIS Index means the monthly average of the daily high and low prices per Gallon, for the month of delivery, as quoted by Oil Price Information Service, or its successor-in-interest, in the OPIS LPG Report for “Any Current Month” under “Mont Belvieu Spot Gas Liquids Prices” using (i) the Purity Ethane prices for Ethane (“Ethane Price”), and (ii) the “Non-TET” prices for Propane (“Propane Price”).
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OPIS Index means the Monthly average of the Daily average (AVG) prices per gallon, for the Month of delivery, as quoted by Oil Price Information Service ("OPIS") in the OPIS-LP-Gas Report for "Any Current Month" under "Mont Belvieu Spot Gas Liquids Prices" using (i) the Non-TET prices for the propane, isobutane, normal butane, and natural gasoline Components and (ii) the Purity Ethane price
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OPIS Index means the daily products rack price published by the Oil Price Information Service (“OPIS”).
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Related to OPIS Index

  • SIFMA Index means the Securities Industry and Financial Markets Association Municipal Swap Index, produced by Municipal Market Data, or if such index is not published, then such other index selected by the Treasurer which reflects the yield of tax-exempt seven-day variable rate demand bonds.

  • SOFR Index means, with respect to any U.S. Government Securities Business Day:

  • Retail Prices Index means the general index (for all items) published by the Office for National Statistics or, if that index is not published for a relevant month, any substituted index or index figures published by that Office;

  • Case-mix index means an arithmetical index measuring the relative average costliness of outpatient cases treated in a hospital, compared to the statewide average.

  • Underlying Index means each of the MSCI EAFE Index, the Russell 2000 Index, the S&P 500 Index and the S&P MidCap 400 Index. The “Pricing Date” shall mean September 27, 2010. The “Starting Price” is 100. The “Ending Price” will be calculated based on the weighted returns of the Basket Components and will be equal to the product of (i) 100 and (ii) an amount equal to 1 plus the sum of: (A) 25% of the Component Return of the iShares MSCI EAFE Index Fund; (B) 25% of the Component Return of the iShares Russell 2000 Index Fund; (C) 25% of the Component Return of the SPDR S&P 500 ETF Trust; and (D) 25% of the Component Return of the SPDR S&P MidCap 400 ETF Trust. The “Component Return” of a Basket Component will be equal to: Final Component Price – Initial Component Price Initial Component Price where, • the “Initial Component Price” is the Fund Closing Price of such Basket Component on the Pricing Date; and • the “Final Component Price” will be the Fund Closing Price of such Basket Component on the Calculation Day. The Initial Component Prices of the Basket Components are as follows: iShares MSCI EAFE Index Fund (55.10); iShares Russell 2000 Index Fund (66.82); SPDR S&P 500 ETF Trust (114.32); and SPDR S&P MidCap 400 ETF Trust (144.35). The “Fund Closing Price,” with respect to a Basket Component on any Trading Day, means the product of (i) the Closing Price of one share of such Basket Component (or one unit of any other security for which a Fund Closing Price must be determined) on such Trading Day and (ii) the Adjustment Factor applicable to such Basket Component on such Trading Day. The “Closing Price” with respect to a share of a Basket Component (or one unit of any other security for which a Closing Price must be determined) on any Trading Day means the price, at the scheduled weekday closing time, without regard to after hours or any other trading outside the regular trading session hours, of the share on the principal United States securities exchange registered under the Securities Exchange Act of 1934, as amended, on which the share (or any such other security) is listed or admitted to trading. The “Adjustment Factor” means, with respect to a share of a Basket Component (or one unit of any other security for which a Fund Closing Price must be determined), 1.0, subject to adjustment in the event of certain events affecting the shares of such Basket Component. See “Anti-dilution Adjustments Relating To A Basket Component; Alternate Calculation—Anti-dilution Adjustments.” The “Capped Value” is 115% of the Face Amount of this Security. The “Threshold Price” will be equal to 85% of the Starting Price. The “Participation Rate” is 100%. The “Multiplier” is 1.17647.

  • SOFR IndexStart means the SOFR Index value on the day which is two U.S. Government Securities Business Days preceding the first date of the relevant Interest Period (an "Index Determination Date"); and

  • SOFR IndexEnd means the SOFR Index value on the date that is the number of U.S. Government Securities Business Days specified in the relevant Final Terms preceding the Interest Payment Date relating to such Interest Accrual Period (or in the final Interest Accrual Period, the Maturity Date).

  • Initial Index Level means the closing level of the FTSE 100 on the Start Date.

  • Hazard Index means the sum of two or more hazard quotients for multiple hazardous substances and/or multiple exposure pathways.

  • Final Index Level : means the Closing Level of the FTSE 100 Index on the Investment End Date.

  • Inflation Index means each inflation index specified in the applicable Final Terms and related expressions shall be construed accordingly.

  • SOFR Compounded Index means the Compounded SOFR rate as published at 15:00 (New York time) by Federal Reserve Bank of New York (or a successor administrator of SOFR) on the website of the Federal Reserve Bank of New York, or any successor source; and

  • Index Level means, in respect of any day and subject to Adjustment Provisions: (a) in respect of an Index(other than a Multiple Exchange Index), the closing level of such Indexat the Valuation Time on such day; and (b) in respect of an Index that is a Multiple Exchange Index, the official closing level of the Index on such day at the Valuation Time as calculated and published by the Index Sponsor each as rounded up to four decimal places (with 0.00005 being rounded up), allas determined by the Calculation Agent.

  • Worst Performing Index means the Index for which the performance is the lowest in accordance with the definition of WOfinal