Gas Pricing Sample Clauses

Gas Pricing. The price for the quantities of Gas delivered by Marketer and received by Company during any day shall be the midpoint price per MMBtu set forth in Gas Daily for TETCO M-3 for such day plus $.02 per MMBtu. For the avoidance of doubt, all Taxes, royalties, transportation charges, expenses and costs applicable to the Gas prior to receipt by Company at the Delivery Point shall be for the account of Company. In the event Marketer should be required, by the laws of any governmental body having jurisdiction under this Agreement, to pay any such costs or charges for which Company is liable, then Company shall reimburse Marketer for such costs or charges within ten (10) Days of Company's receipt of Marketer's invoice therefore. If, during the term of this Agreement, the Gas pricing index specified herein ceases to be published or a specified index price is not published for a given day, then the Parties will attempt to agree upon a new index price for purposes of determining the applicable price hereunder. If the Parties are unable to reach such agreement by the expiration of the fifteenth (15th) Day immediately following the end of the month in which the specified indexes or the specified pricing information in such publications are not published, the method of setting the price for Gas for periods after such publication or information in such publications are not published, shall be determined by arbitration pursuant to Article XIII. The arbitrators so selected shall be required to select an alternate index or pricing mechanism that reflects the current market value of Gas delivered from the applicable Supply Basin on the applicable Transporter.