Indexed Products Sample Clauses
The 'Indexed Products' clause defines how financial products whose returns are linked to the performance of a specific index are governed within the agreement. It typically outlines the method for calculating returns, the relevant index or indices, and any adjustments or events that may affect the index, such as market disruptions or changes in index composition. This clause ensures both parties understand how payouts or obligations are determined, providing clarity and reducing the risk of disputes related to the calculation of returns on indexed products.
Indexed Products. Indexed products come in two forms: term and month-to-month. Term Indexed Products
Indexed Products. As a buyer of a variable or indexed price product, including the Free Power Day(s) products, you may terminate this agreement with First Choice Power without penalty at any time for any reason. If you would like to terminate your agreement with First Choice Power to switch to another REP, you must initiate electricity service with another REP. Moving out of your residence is considered a termination of your agreement with First Choice Power. If you wish to terminate your service on a specific date, you must provide a minimum of three (3) business days’ notice from that date. Allowing your electricity service to remain interrupted for a period of more than ten (10) calendar days is considered a termination of your agreement. However if you are subject to a switch-hold you will not be able to buy electricity from another provider until you have fulfilled the terms of your Deferred Payment Plan.
Indexed Products. Indexed products may have a contract term of three (3) months or more, or may be month-to-month. Indexed Products have a price that changes according to a pre-defined pricing formula that is based on publicly available indices or information. The price for term indexed products may also change without advance notice to reflect actual changes in TDSP charges; changes to the ERCOT or Texas Regional Entity administrative fees charged to loads; or changes resulting from federal, state or local laws or regulatory actions that Variable Price Products: Variable price products have a term of thirty-one (31) days or less and a price that varies according to the method disclosed on your EFL. There is no Early Termination Fee for this product type.
Indexed Products. Free Power Day(s): The EFL includes details about First Choice Power’s Free Power Day(s) Products, which are indexed price products that include an Energy Charge per kWh (specific to the day of the week or the time of day) and daily Base Charge (also specific to the day of the week or time of day). The average price for electric service reflects the applicable Energy Charge, the applicable daily Base Charge (for thirty (30) calendar days) and all existing recurring charges excluding state and local sales taxes, and the State Miscellaneous Gross Receipts Tax reimbursement. The Energy Charge may change if there are: changes to TDU delivery charges or regulatory charges; or changes in law that impose new or modified fees that are out of our control. In addition, the Energy Charge and/or daily Base Charge may change at any time and from time-to-time at First Choice Power’s sole discretion. A change in Energy Charge and/or daily Base Charge does not constitute a material change of the delivery of electric service by First Choice Power. Your actual price for electric service and your actual electricity usage will be shown on your Account Update. This will be used to calculate your daily usage amount.
Indexed Products. Indexed products may have a contract term of three (3) months or more, or may be month-to-month. Indexed Products have a price that changes according to a pre-defined pricing formula that is based on publicly available indices or information. The price for term indexed products may also change without advance notice to reflect actual changes in TDSP charges; changes to the ERCOT or Variable Price Products: Variable price products have a term of thirty-one (31) days or less and a price that varies according to the method disclosed on your EFL. There is no Early Termination Fee for this product type.