Commodity Component definition

Commodity Component means, collectively, the 10 commodities and the two indices identified under the heading “Component Commodity” in the definition of “Component Commodities.”

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Commodity Component means an amount equal to (1) the Estimated Commodity Component plus (2) the product of -US$2,000,000 times the NYMEX Price Differential. The "TCPL Transportation Component" means an amount equal to (1) the Estimated TCPL Transportation Component plus (2) the product of -US$300,000 times the TCPL Rate Percent Differential. An example of this calculation is shown on Appendix C. Notwithstanding the foregoing, the Termination Payment shall be at least twenty-two million U.S. dollars (US$22,000,000) but shall in no event exceed twenty-eight million U.S. dollars (US$28,000,000).

Commodity Component means the component comprised of the following commodities: crude oil (1/3); aluminium (1/3); and copper (1/3).

Examples of Commodity Component in a sentence

• The "Commodity Component" means an amount equal to (1) the Estimated Commodity Component plus (2) the product of -US$2,000,000 times the NYMEX Price Differential.

• The Termination Payment shall equal the sum of the Commodity Component and the TCPL Transportation Component.

• If' the actual Heating Value (Al-IV) of the Coal (or Non- Conforming Coal) tendered for delivery by the Seller differs from the Guaranteed Heating Value (GHV) then the Commodity Component (CC) of the Price per ton shall be adjusted (prior to the application of other adjustments or indexation) if the AHV for a Consignment (of Non-Conforming Coal) is greater or less than the GHV but within the Acceptable Range of heating Value as follows: Notwithstanding any provisions to the contrary in this Agreement.

More Definitions of Commodity Component

Commodity Component means any individual ICT component used by the Contractor in the provision of the Services that is generally and commercially available for purchase and for which the cost to the Contractor of deploying and integrating that component into the Services is less than [**] percent ([**]%) of the purchase cost of that component;