Processing Margin definition

Processing Margin shall have the meaning set forth in Section 5.1.
Sample 1Sample 2Sample 3
Processing Margin has the meaning set forth in Article 4.
Sample 1Sample 2

Examples of Processing Margin in a sentence

  • For iso-butane (cell L15) and normal-butane (cell L16), the parties shall use [REDACTED] and [REDACTED], respectively, for the [REDACTED] as published by OPIS for Mont Belvieu [REDACTED] Business Day before the calculation of the Processing Margin.

  • COPANO shall use the Forward Month Gas Price (cell H7) for the Business Day prior to the day the calculation of the Processing Margin is required herein.

  • For iso-pentane (cell L17), normal-pentane (cell L18) and Hexanes+ (cell L19), the parties shall use [REDACTED] for [REDACTED], for the [REDACTED] as published by OPIS for Mont Belvieu [REDACTED] Business Day before the calculation of the Processing Margin.

  • For the ethane price (cell L13) and the propane price (cell L14), the parties shall use [REDACTED] and [REDACTED], respectively, [REDACTED] as published by Oil Price Information Service (OPIS) for Mont Belvieu [REDACTED] Business Day before the calculation of the Processing Margin.

  • For each Month for which the Processing Margin determined pursuant to Section 5.1 is less than [REDACTED] cents ($[REDACTED]) per gallon (each a "Conditioning Month"), KMTP shall pay COPANO the sum of: (i) [REDACTED] Dollars ($[REDACTED]), plus (ii) an amount equal to the product of: (A) [REDACTED] MMBtu, times (B) the number of days in said Conditioning Month, times (C) the [REDACTED] Index for the first day of said Conditioning Month [REDACTED] per MMBtu.

  • For the purpose of calculating the Processing Margin for the following Month, the Parties shall use: (i) the most recent available full month GPM values for each Product attributable to the KMTP Gas as reported by KMTP to COPANO pursuant to Section 3.2 hereof; and (ii) the most recent available full month KMTP Gas Btu factor as reported by KMTP to COPANO pursuant to Section 3.2 hereof.

  • Part 2 of Exhibit D hereto is an example of the Processing Margin calculation for a Production Month in which: (i) GPM values are assumed to be those set forth in cells C13 through C19, (ii) the Ship Channel Index is assumed to be $** per MMBtu (cell H7), (iii) Product prices less deductions referred to in the last sentence of this Article 4 are assumed to be those set forth in cells L13 through L19; and (iv) the Heating Value of KMTP Gas is assumed to be ** MMBtu/Mcf (cell D23).

  • The Base Year Processing Margin for the adjustment which takes effect on [Confidential Treatment Requested by New World Pasta].

  • For any Production Month for which the Processing Margin is greater than the product of ** per gallon times the Adjustment Factor, COPANO shall pay KMTP an amount calculated as follows: KMTP Gas Mcf X (Processing Margin — ($** per Gallon X Adjustment Factor) X Recovered GPM of KMTP Gas X **% The “Recovered GPM of KMTP Gas” as used in this Section 5.1 and in Section 5.2 shall be determined as set forth in cell E21 of Exhibit D part 2.

  • For any Production Month for which the Processing Margin is greater than ** per gallon, Copano shall pay KMTP an amount calculated as follows: The “Recovered GPM of KMTP Gas” as used in this Section 5.1 and in Section 5.2 shall be determined as set forth in cell E21 of Exhibit D part 2.

Related to Processing Margin

  • Operating Margin means the incremental adjustments, measured in megawatts, required in PJM Region operations in order to accommodate, on a first contingency basis, an operating contingency in the PJM Region resulting from operations in an interconnected Control Area. Such adjustments may result in constraints causing Transmission Congestion Charges, or may result in Ancillary Services charges pursuant to the PJM Tariff.

  • Operating Margin Customer means a Control Area purchasing Operating Margin pursuant to an agreement between such other Control Area and the LLC.

  • Retail margin means an amount, reflecting differences in

  • Gross Margin With respect to each Adjustable Rate Mortgage Loan, the fixed percentage set forth in the related Mortgage Note that is added to the Index on each Adjustment Date in accordance with the terms of the related Mortgage Note used to determine the Mortgage Rate for such Mortgage Loan.

  • Applicable L/C Margin means the per annum fee, from time to time in effect, payable with respect to outstanding Letter of Credit Obligations as determined by reference to Section 1.5(a).

  • Step Up Margin means the rate per annum specified in the applicable Final Terms; and

  • CD Margin means a rate per annum determined in accordance with the Pricing Schedule.

  • Maintenance Margin means the minimum amount of money required in your Trading Account as specified on the Trading Platform in order to keep a Transaction open on the Trading Platform.

  • Distribution Margin means the DPO’s share of revenue for the Distribution of Subscribed Channels to Subscribers and it does not include Carriage Fee. It will be calculated as twenty percent (20%) of the MRP of the Subscribed Channel(s), multiplied by the Monthly Average Subscriber Level.

  • Applicable ABR Margin means, at any date:

  • Necessary Margin for CFD trading shall mean the necessary margin required by the Company so as to maintain Open Positions.

  • Hedged Margin for CFD trading shall mean the necessary margin required by the Company so as to open and maintain Matched Positions.

  • Supplier Profit Margin means, in relation to a period, the Supplier Profit for the relevant period divided by the total Charges over the same period in respect of any Call Off Agreements and expressed as a percentage;

  • EBITDA Margin means the ratio between (a) EBITDA and (b) total toll and other concession revenues.

  • Affordability average means the average percentage of median income at which restricted units in an affordable housing development are affordable to low- and moderate-income households.

  • Program Fee Rate is defined in the Fee Letter.

  • credit meter means a meter where an account is issued subsequent to the consumption of electricity;

  • Interest Margin or "rm" means the percentage specified as such in the table below. The Calculation Agent may adjust the Interest Margin, acting in good faith and in a commercially reasonable manner, to reflect any disparity between the Reference Interest Rate and the Issuer's funding rate, save that the Interest Margin will not be less than the Minimum Interest Margin and will not exceed the Maximum Interest Margin;

  • 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.

  • Concentration Reserve Percentage means, at any time of determination, the largest of: (a) the sum of the five (5) largest Obligor Percentages of the Group D Obligors, (b) the sum of the three (3) largest Obligor Percentages of the Group C Obligors, (c) the sum of the two (2) largest Obligor Percentages of the Group B Obligors and (d) the largest Obligor Percentage of the Group A Obligors.

  • Utilization Fee Rate means the percentage set forth in Schedule 1 hereto beside the then applicable Level.

  • Dilution Reserve Percentage means, on any day, the product of (a) the Dilution Horizon Ratio, multiplied by (b) the sum of (i) 2.25 times the average of the Dilution Ratios for the twelve most recent Fiscal Months, plus (ii) the Dilution Volatility Component.

  • First Margin means the margin specified as such in the applicable Final Terms; "First Reset Date" means the date specified in the applicable Final Terms;

  • Loss Reserve Percentage means, at any time of determination, the product (expressed as a percentage and rounded to the nearest 1/100th of 1%, with 5/1000th of 1% rounded upward) of (a) 2.25, multiplied by (b) the highest average of the Default Ratios for any three (3) consecutive Fiscal Months during the twelve (12) most recent Fiscal Months, multiplied by (c) the Loss Horizon Ratio.

  • Pass-Through Margin Except as set forth in the following sentence, with respect to each Class of LIBOR Certificates, the following percentages: Class A-1 Certificates, 0.150%; Class A-2A Certificates, 0.050%; Class A-2B Certificates, 0.100%; Class A-2C Certificates, 0.160%; Class A-2D Certificates, 0.250%; Class M-1 Certificates, 0.280%; Class M-2 Certificates, 0.300%; Class M-3 Certificates, 0.340%; Class M-4 Certificates, 0.350%; Class M-5 Certificates, 0.380%; Class M-6 Certificates, 0.470%; Class M-7 Certificates, 0.880%; Class M-8 Certificates, 1.100%; Class M-9 Certificates, 1.870%; Class B-1 Certificates, 2.500%; and Class B-2 Certificates, 2.500%. On the first possible Optional Termination Date, the Pass-Through Margins shall increase to: Class A-1 Certificates, 0.300%; Class A-2A Certificates, 0.100%; Class A-2B Certificates, 0.200%; Class A-2C Certificates, 0.320%; Class A-2D Certificates, 0.500%; Class M-1 Certificates, 0.420%; Class M-2 Certificates, 0.450%; Class M-3 Certificates, 0.510%; Class M-4 Certificates, 0.525%; Class M-5 Certificates, 0.570%; Class M-6 Certificates, 0.705%; Class M-7 Certificates, 1.320%; Class M-8 Certificates, 1.650%; Class M-9 Certificates, 2.805%; Class B-1 Certificates, 3.750%; and Class B-2 Certificates, 3.750%.

  • Weighted Average Advance Rate means, as of any date of determination with respect to all Eligible Collateral Obligations included in the Adjusted Aggregate Eligible Collateral Obligation Balance, the number obtained by (i) summing the products obtained by multiplying (a) the Advance Rate of each such Eligible Collateral Obligation by (b) such Eligible Collateral Obligation’s contribution to the Adjusted Aggregate Eligible Collateral Obligation Balance and (ii) dividing such sum by the Adjusted Aggregate Eligible Collateral Obligation Balance.