Spot Price definition

Spot Price means the rate of exchange at the time at which such price is to be determined for foreign exchange transactions in the relevant Currency Pair for value on the Spot Date, as determined in good faith: (i) by the Seller, for purposes of Section 5, and (ii) by the Non-Defaulting Party, for purposes of Section 8.

Spot Price as referred to in Section 3.2 shall mean the price listed in the publication indicated on the Base Contract, under the listing applicable to the geographic location closest in proximity to the Delivery Point(s) for the relevant Day; provided, if there is no single price published for such location for such Day, but there is published a range of prices, then the Spot Price shall be the average of such high and low prices. If no price or range of prices is published for such Day, then the Spot Price shall be the average of the following: (i) the price (determined as stated above) for the first Day for which a price or range of prices is published that next precedes the relevant Day; and (ii) the price (determined as stated above) for the first Day for which a price or range of prices is published that next follows the relevant Day.

Spot Price means, as applicable: (i) the Closing Sale Price of the Common Stock on the Trading Day immediately preceding the date of the applicable Exercise Notice if such Exercise Notice is (1) both executed and delivered pursuant to Section 1(a) hereof on a day that is not a Trading Day or (2) both executed and delivered pursuant to Section 1(a) hereof on a Trading Day prior to the opening of “regular trading hours” (as defined in Rule 600(b)(64) of Regulation NMS promulgated under the federal securities laws) on such Trading Day, (ii) the Bid Price of the Common Stock as of the time of the Holder’s execution of the applicable Exercise Notice if such Exercise Notice is executed during “regular trading hours” on a Trading Day and is delivered within two (2) hours thereafter pursuant to Section 1(a) hereof, or (iii) the Closing Sale Price of the Common Stock on the date of the applicable Exercise Notice if the date of such Exercise Notice is a Trading Day and such Exercise Notice is both executed and delivered pursuant to Section 1(a) hereof after the close of “regular trading hours” on such Trading Day.

Examples of Spot Price in a sentence

• Call OptionSuppose an investor buys a Call option on 1 lot of Nifty 50 (Lot Size: 50 units)• Nifty index (European option).• Nifty 1 Lot Size: 50 units• Spot Price (S): 3500• Strike Price (x): 3550 (Out-of-Money Call Option)• Premium: 100Total Amount paid by the investor as premium [50*100] =5000There are two possibilities i.e. either the index moves up over the strike price or remains below the strike price.

• In such case, the In-the-Money Amount shall be determined based upon the Spot Price at the time of exercise or as soon thereafter as practicable.

• Call OptionSuppose an investor buys a Call option on 1 lot of CNX Nifty (Lot Size: 50 units)• Nifty index (European option).• Nifty 1 Lot Size: 50 units• Spot Price (S): 3500• Strike Price (x): 3550 (Out-of-Money Call Option)• Premium: 100Total Amount paid by the investor as premium [50*100] =5000There are two possibilities i.e. either the index moves up over the strike price or remains below the strike price.

• Example on how it could be used Suppose an investor buys a Put option on 1 lot of Nifty 50- Nifty (Lot Size: 75 units)• Nifty index (European option).• Nifty 1 Lot Size: 75 units• Spot Price (S): 7500• Strike Price (x): 7450 (Out-of-Money Call Option)• Premium: 80 Total Amount paid by the investor as premium [75*80] =6000 There are two possibilities i.e. either the index moves down from the strike price or goes above the strike price.

• Upon determination of a new Alternate Price, the Spot Price or Contract Price, as applicable, will be adjusted retroactively to the Renegotiation Date.

More Definitions of Spot Price

Spot Price means the rate of exchange at the time at which such price is to be determined for foreign exchange transactions in the relevant Currency Pair for value on the Spot Date, as determined in good faith by the Bank;

Spot Price means, as applicable: (i) the Closing Sale Price of the Common Shares on the Trading Day immediately preceding the date of the applicable Exercise Notice if such Exercise Notice is (1) both executed and delivered pursuant to Section 1(a) hereof on a day that is not a Trading Day or (2) both executed and delivered pursuant to Section 1(a) hereof on a Trading Day prior to the opening of “regular trading hours” (as defined in Rule 600(b)(64) of Regulation NMS promulgated under the federal securities laws) on such Trading Day, (ii) the Bid Price of the Common Shares as of the time of the Holder’s execution of the applicable Exercise Notice if such Exercise Notice is executed during “regular trading hours” on a Trading Day and is delivered within two (2) hours thereafter pursuant to Section 1(a) hereof, or (iii) the Closing Sale Price of the Common Shares on the date of the applicable Exercise Notice if the date of such Exercise Notice is a Trading Day and such Exercise Notice is both executed and delivered pursuant to Section 1(a) hereof after the close of “regular trading hours” on such Trading Day.

Spot Price means the “Daily Midpoint” price set forth in Gas Daily® (Financial Times Energy), or successor publication, in the column "Daily Price Survey" under the listing applicable to the geographic location closest in proximity to the Delivery Point(s) for the relevant gas day. If there is no single “Daily Midpoint” price published for that particular Gas Day, but there is published a "Common" range of prices under the above column and listing, then the Spot Price shall be the average of such “Common” high and low prices. In the event that no ‘Daily Midpoint” price or “Common” range of prices is published for that particular Gas Day, then the Spot Price shall be the average of the following: the price (determined as stated above) for each of the first Gas Day immediately preceding and following the Gas Day in which the default occurred for which a Spot Price can be determined.

Spot Price denotes the settlement price on EEX in accordance with Article 10 (2).

Spot Price denotes the final settlement price in accordance with Article 8 (2).

Spot Price as referred to in Section 3.2 shall mean the price listed in the publication indicated on the Base Contract, under the listing applicable to the geographic location closest in proximity to the Delivery Point(s) for the relevant Day; provided, if there is no single price published for such location for such Day, but there is published a range of prices, then the Spot Price shall be the average of such high and low prices. If no price or range of prices is published for such Day, then the Spot Price shall be the average of the following: (i) the price (determined as stated above) for the first Day for which a price or range of prices is published that next precedes the relevant Day; and

Spot Price means the price established for physical delivery of a mineral by an organized commodity exchange on the date of the taxable event.