COMMODITY PRICE Sample Clauses
The COMMODITY PRICE clause defines how the price of a specified commodity will be determined under the contract. Typically, it outlines the pricing mechanism, such as referencing a published market index, setting a fixed price, or using a formula based on market conditions. This clause ensures both parties have a clear and agreed-upon method for calculating the cost of the commodity, thereby reducing the risk of disputes and providing predictability in commercial transactions.
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COMMODITY PRICE for All Other Quantities Within MDQ ---------------------------------------------------
COMMODITY PRICE. 4.1. The Commodity Price shall be calculated in accordance with this paragraph 4.
4.2. A Contracting Body shall require the Supplier to provide the following pricing options for the Commodity Price per Fuel Type:
4.2.1. Daily lagged pricing based on the close price on the Working Day immediately preceding the day of delivery of that Fuel Type (“Daily
4.2.2. Weekly lagged pricing calculated on the first Working Day of each week in which the delivery is to take place according to the mean average of each of the Daily Lagged Prices for that Fuel Type from the previous week (“Weekly Lagged Price”).
4.3. The method of pricing shall be chosen by the Contracting Body during the Further Competition Procedure.
COMMODITY PRICE. The price per MMBtu payable hereunder for interruptible volumes delivered each month shall be the daily index price identified under the heading “Southern Natural Gas” as published in P▇▇▇▇’▇ “Gas Daily”. In the event such index price is unavailable, or such index price is no longer representative of the market, the interruptible commodity price shall be derived from a mutually agreed upon replacement or substitute publication, or in the event that a substitute or replacement publication is not available, by some other mutually agreed methodology.
COMMODITY PRICE. 1. Except as otherwise specified herein, the general wholesale price at which the seller supplies goods to the buyer is 40% of the selling prices of the seller’s products (except for corporate literature, product literature, audiovisual products and publicity materials).
2. As the tier-1 distributor of the seller, the buyer may develop tier-2 and tier-3 distributors within its area of responsibility, provided that the buyer shall sell commodities to the customers at the retail price specified by the seller and may not increase or decrease the prices.
COMMODITY PRICE. Swap Agreements (the form of which is on file with the Securities and Exchange Commission) between the Partnership and Anadarkoor one of its subsidiaries, on the one hand, and Occidental Petroleum Corporation or one of its affiliates, on the other hand. 7. 35. Form of Indemnification Agreement by and between Western GasMidstream Holdings, LLC, its Officers and Directors.
COMMODITY PRICE. The price per MMBtu payable hereunder for firm volumes delivered each month shall be the price identified under the heading “H▇▇▇▇ Hub” as published in the first of the month edition of P▇▇▇▇’▇ “Inside FERC’s Gas Market Report”. In the event such index price is unavailable, or such index price is no longer representative of the market, the firm commodity price shall be derived from a mutually agreed upon replacement or substitute publication, or in the event that a substitute or replacement publication is not available, by some other mutually agreed methodology.
COMMODITY PRICE. The Commodity Price shall be calculated in accordance with this paragraph 3. A Contracting Authority shall require the Supplier to provide the following pricing options for the Commodity Price per Fuel Type: Daily lagged pricing based on the close price on the Working Day immediately preceding the day of delivery of that fuel type (“Daily Lagged Price”) or Weekly lagged pricing calculated on the first Working Day of each week in which the delivery is to take place according to the mean average of each of the Daily Lagged Prices for that Fuel Type from the previous week (“Weekly Lagged Price”). The method of pricing shall be chosen by the Contracting Authority during the Further Competition Procedure. The method for calculating the Daily Lagged Price of Commodity Prices for Unleaded Petrol (ULSP) is as follows: P = (((A/B) / C) x95.2499%) + ((D x E)/F)) x 4.7501% +G Where P = is Commodity Price being the net price of the Fuel Type for the day it was delivered to the Contracting Authority in ▇▇▇▇▇ per litre (excluding VAT).
COMMODITY PRICE. The commodity price for the Line Fill Oil shall equal (i) the market value of the actual volume of Line Fill Oil sold to MSCG by ▇▇▇▇ on the Purchase Date (the "Purchase Date Volume"), which shall be based on the average of the front line NYMEX settlement price per barrel for WTI posted on September 16, 2003 through September 18, 2003, inclusive, plus and (ii) a per Barrel spread differential as mutually agreed by the Parties by 5:00 pm EST September 19, 2002, multiplied by the Purchase Date Volume.
COMMODITY PRICE. 4.1 First of the Month Commodity Price. The commodity price paid by NGC to CUSA for each MMBtu of Committed Gas delivered to NGC shall be based on prevailing index prices reported in commercial publications, will change each Month, and will vary by Source of Supply and Delivery Point. The "First of the Month Commodity Price" of Committed Gas produced from a given Source of Supply shall be the index price reported in the first issue of the designated commercial publication published in the Month of delivery in the designated table, heading and entry in that table ("Published Index Price"), plus or minus adjustments applicable to that Source of Supply, including, without limitation, deduction of gathering and transportation charges (collectively "Index Price Adjustments"), and the premium, if any (the "Premium"). Prior to delivery of Committed Gas under this Agreement, CUSA and NGC shall agree on (i) the Published Index Price that will form the basis of the First of the Month Commodity Price of the Committed Gas delivered to the applicable Delivery Point; (ii) the Index Price Adjustments, if any, to the published index price necessary to arrive at the First of the Month Commodity Price; and (iii) the Premium, if any. The substitution of a new Published Index Price (or a change in the table, heading and entry) or a modification of the Index Price Adjustment also requires the agreement of CUSA and NGC. Although the Parties will strive to reduce agreements substituting a new Published Index Price or modifying an Index Price Adjustment to writing, the Parties recognize that market conditions may require prompt action. Consequently, oral agreements substituting a new Published Index Price or modifying an Index Price Adjustment will be effective until reduced to writing. The Parties agree to exercise best efforts to reduce such oral agreements to writing within thirty Days of reaching agreement. The First of the Month Commodity Price shall be calculated each Month during the term of this Agreement and shall remain in effect during the entire Month unless the Parties agree to change the First of the Month Commodity Price during the course of the Month.
COMMODITY PRICE. 17 16 --------------- --------------- Subtotal................................... 77 84 Less diversification benefit(1).........
