Prompt Month definition

Prompt Month means the next full calendar month beyond the current month.

Prompt Month means the month following the date of calculation.

Prompt Month means, as of any Reporting Effective Date, the month following the month such reporting occurs.

Examples of Prompt Month in a sentence

• MAU The price per barrel shall be the average of the daily settlement price for “Light Sweet Crude Oil” Prompt Month future contracts reported by the New York Mercantile Exchange (NYMEX) from the first day of the delivery month through and including the last day of the delivery month, including weekends and holidays observed by NYMEX.

• To the extent that PPC incurs transmission payment obligations during a Billing Month under Section 4.1 of this Agreement to deliver or take energy at a Prompt Month Delivery Point, PGE shall pay PPC an amount equal to the cost of PPC's payments.

• If requested, a party shall provide to the other party statements evidencing the quantity of energy delivered at the Prompt Month Delivery Point.

• Each party shall be obligated to obtain any transmission service necessary in order to satisfy its obligations under this Agreement to deliver or take energy at a Prompt Month Deliver Point.

• Delivery obligations shall be determined at each delivery point at which PPC has entered into a purchase or sale arrangement with a third party for the Prompt Month.

More Definitions of Prompt Month

Prompt Month means the calendar month commencing less than 40 days from the transaction date of a Price Management Transaction.

Prompt Month means the calendar month during which the Arrival Period ends, provided that if the Arrival Period ends on or after the twenty fifth (25th) day of such calendar month, then the Prompt Month shall be the following month.

Prompt Month means the nearest month of delivery for which NYMEX futures prices are published during the applicable trading month.

Prompt Month means the nearest month of Delivery for which NYMEX futures prices are published during the current trading month.

Prompt Month means the Month beginning immediately after the current Month;

Prompt Month means the nearest month of delivery for which NYMEX futures prices are published during the trading month. Quality differential means an amount paid or received under an exchange agreement (whether in money or in barrels of oil) that results from dif- ferences in API gravity, sulfur content, viscosity, metals content, and other quality factors between oil delivered and oil received in the exchange. A quality differential may represent all or part of the difference between the price received for oil delivered and the price paid for oil received under a buy/ sell agreement. Rocky Mountain Region means the States of Colorado, Montana, North Dakota, South Dakota, Utah, and Wyo- ming, except for those portions of the San Xxxx Basin and other oil-pro- ducing fields in the ‘‘Four Corners’’ area that lie within Colorado and Utah. Roll means an adjustment to the NYMEX price that is calculated as fol- lows: Roll = .6667 × (P0¥P1) + .3333 × (P0¥P2), where: P0 = the average of the daily NYMEX settlement prices for de- liveries during the prompt month that is the same as the month of produc- tion, as published for each day during the trading month for which the month of production is the prompt month; P1 = the average of the daily NYMEX set- tlement prices for deliveries during the month following the month of produc- tion, published for each day during the trading month for which the month of production is the prompt month; and P2 = the average of the daily NYMEX settlement prices for deliveries during the second month following the month of production, as published for each day during the trading month for which the month of production is the prompt month. Calculate the average of the daily NYMEX settlement prices using only the days on which such prices are published (excluding week- ends and holidays).

Prompt Month means upcoming month.