Examples of Reference Month in a sentence
A cost shall be deducted, and price adjustment made for each amendment and roll of the Futures Reference Month.
The Contract shall be fully priced, with both the Futures Reference Price and the Basis components established, not less than two business days prior to the first calendar day of the Futures Reference Month (the “Pricing Deadline”).
If Seller does not set basis at time of original contract, Seller shall set the basis using Buyer's basis quotes at the Delivery Point for the Commodity and Shipment Period, on or before the EARLIEST of (a) the first date of delivery during the Shipment Period, (b) the last business day of the Shipment Period, or (c) two business days prior to the first day of Futures Reference Month.
Seller may amend and roll the Futures Reference Month only for the entire quantity under the Contract, and only up to a maximum of three times.
For a lease with a Base Rent of $500, Base Period Reference Month of January 2015 and an Escalation Month of February.