Commodity Costs definition

Commodity Costs means the cost billed to NCPA by a third party seller of Natural Gas for an Eligible Gas Purchase under this Agreement.
Sample 1
Commodity Costs means the cost of gas purchased to meet the daily, seasonal and short-term delivery requirements of customers served through Columbia’s SCO, CHOICE and TS programs. These costs include the cost of gas; transportation commodity costs; injection and withdrawal costs and shrinkage costs. These costs will be offset by the revenue re- ceived by Columbia related to the pass-through of local gas and retained capacity commodity purchase costs; Supplier cash-outs; etc.
Sample 1Sample 2
Commodity Costs means costs directly associated with the production of groundwater or other alternative water supplies during a Period of Shortage that are not included in Operation and Maintenance Costs, to the extent these costs exceed the cost of delivery of surface water to the Member Agency under the wholesale water supply agreement.
Sample 1

Examples of Commodity Costs in a sentence

  • Commodity Costs (a) Non-Streamed Sales The cost of gas shall be the weighted average commodity cost of gas delivered to the Company through upstream pipelines as calculated in the Company's Monthly Gas Supply Charge.

  • NCCCw = Non-Core Commodity Costs incurred in the Winter Season as defined in Section 16(E).SBcw = Winter Season commodity revenues received from Firm Stand-By Gas Supply Service sales customers.

  • Additionally, supplier refunds received prior to the end of the August billing period will be included in the Factor “E.” The Factor "E" includes two components -- Commodity Costs and Demand Costs which are defined above in the Factor "C" definition.

  • Commodity Costs and Returns Estimation Handbook: A Report of the AAEA Task Force on Commodity Costs and Returns.

  • A debit or credit entry shall be made equal to (100%) of any monthly difference between actual Non- Commodity Costs of Gas and Embedded Non-Commodity Costs of Gas, net of revenue sensitive effects.

  • The areas are Estimated Commodity Costs, Estimated Costs, Actual Firm Sales, Estimated Transportation Costs, Estimated Sales and Deliveries, and Demand Costs for Hampshire.

  • Serv., Commodity Costs and Returns, http://www.ers.usda.gov/data-products/commodity-costs- and-returns.aspx and U.S. Dep’t of Agric., Nat’l Agric.

  • However, as noted in the Commodity Costs (Schedule 461) section above, natural gas commodity prices have been on an upward trajectory during the second quarter of 2021.

  • AAEA Task Force on Commodity Costs and Returns, 1998-2000 (Eidman et al.

  • The Response of Prices to Commodity Costs and Unemployment Rates The Effect of the Commodity Cost Boom of 2007-2008 Our sample period coincides with a rapid rise and fall in the price of oil and other commodities in 2007-2008.

Related to Commodity Costs

  • Commodity contract means a commodity futures contract, an option on a commodity futures contract, a commodity option, or another contract if the contract or option is:

  • Commodity Interests means commodity futures contracts, options on commodity futures contracts, and options on physical commodities traded on or subject to the rules of:

  • Commodity Account is any “commodity account” as defined in the Code with such additions to such term as may hereafter be made.

  • commodity derivatives means commodity derivatives as defined in Article 2(1)(30) of Regulation (EU) No 600/2014;

  • Commodity Hedging Agreements means, in respect of a Person, any commodity purchase contract, commodity futures or forward contract, commodities option contract or other similar contract (including commodities derivative agreements or arrangements), to which such Person is a party or a beneficiary.

  • Commodity Hedging Agreement means a commodity hedging or purchase agreement or similar arrangement entered into with the intent of protecting against fluctuations in commodity prices or the exchange of notional commodity obligations, either generally or under specific contingencies.

  • Commodity intermediary means a person that:

  • Commodities Accounts (i) shall mean all “commodity accounts” as defined in Article 9 of the UCC and (ii) shall include, without limitation, all of the accounts listed on Schedule 4.4 under the heading “Commodities Accounts” (as such schedule may be amended or supplemented from time to time).

  • Commodity Agreements means, in respect of any Person, any forward contract, commodity swap agreement, commodity option agreement or other similar agreement or arrangement in respect of Hydrocarbons used, produced, processed or sold by such Person that are customary in the Oil and Gas Business and designed to protect such Person against fluctuation in Hydrocarbon prices.

  • Commodity customer means a person for which a commodity intermediary carries a commodity contract on its books.

  • Net Hedging Obligations means, as of any date, the Termination Value of any such Hedging Agreement on such date.

  • Commodity Agreement means any forward contract, commodity swap, commodity option or other financial agreement or arrangement relating to, or the value of which is dependent upon, fluctuations in commodity prices.

  • Hedging Costs means the hedging costs between the reference currency of the Unit class and the base currency of the Sub-fund, corresponding to the difference (in percentage terms), on each Valuation Date, between (i) the price of the 3-month maturity exchange rate between the reference currency of the Unit class and the base currency of the Sub-fund, and (ii) the spot rate of the same exchange rate.

  • Rate Hedging Obligations of a Person means any and all obligations of such Person, whether absolute or contingent and howsoever and whensoever created, arising, evidenced or acquired (including all renewals, extensions and modifications thereof and substitutions therefor), under (a) any and all Rate Hedging Agreements, and (b) any and all cancellations, buy backs, reversals, terminations or assignments of any Rate Hedging Agreement.

  • Excluded Deposit Accounts means (i) any payroll account, (ii) any withholding tax, benefits, escrow, trust, customs or any other fiduciary account and (iii) any zero balance deposit account.

  • Commodity option means an account, agreement, or contract giving a party to the account, agreement, or contract the right but not the obligation to purchase or sell one or more commodities or one or more commodity contracts, whether characterized as an option, privilege, indemnity, bid, offer, put, call, advance guaranty, decline guaranty or otherwise, but shall not include an option traded on a national securities exchange registered with the United States securities and exchange commission.

  • Hedging Obligations means, with respect to any specified Person, the obligations of such Person under:

  • Excluded Deposit Account means (a) any deposit account exclusively used for payroll, payroll taxes, and other employee wage and benefit payments to or for the benefit of Borrower’s employees and identified to Bank by Borrower as such and (b) any Xxxxx Cash Accounts.

  • Deposit Accounts means any “deposit accounts,” as such term is defined in the UCC, and includes any checking account, savings account, or certificate of deposit.

  • Commodity Broker means any person who engages in the business of effecting transactions in Commodity Contracts for the account of others or for his or her own account.

  • financial assets means (i) cash, (ii) securities, or (iii) a contract of insurance, a deposit or an evidence of a deposit that is not a security for the purposes of securities legislation;

  • Hedging Obligation of any Person means any obligation of such Person pursuant to any Interest Rate Agreement, Currency Exchange Protection Agreement, Commodity Price Protection Agreement or any other similar agreement or arrangement.

  • Securities Accounts (i) shall mean all “securities accounts” as defined in Article 8 of the UCC and (ii) shall include, without limitation, all of the accounts listed on Schedule 4.4(A) under the heading “Securities Accounts” (as such schedule may be amended or supplemented from time to time).

  • Excluded Hedging Obligation means, with respect to any Guarantor, (a) as it relates to all or a portion of the Guarantee of such Guarantor of Hedging Obligations, any Hedging Obligation if, and to the extent that, such Hedging Obligation (or any Guarantee thereof) is or becomes illegal under the Commodity Exchange Act or any rule, regulation or order of the Commodity Futures Trading Commission (or the application or official interpretation of any thereof) by virtue of such Guarantor’s failure for any reason to constitute an “eligible contract participant” as defined in the Commodity Exchange Act and the regulations thereunder at the time the Guarantee of such Guarantor becomes effective with respect to such Hedging Obligation or (b) as it relates to all or a portion of the grant by such Guarantor of a security interest to secure any Hedging Obligation (or secure any Guarantee in respect thereof), any Hedging Obligation if, and to the extent that, the grant by such Guarantor of a security interest to secure such Hedging Obligation (or secure any Guarantee in respect thereof) is or becomes illegal under the Commodity Exchange Act or any rule, regulation or order of the Commodity Futures Trading Commission (or the application or official interpretation of any thereof) by virtue of such Guarantor’s failure for any reason to constitute an “eligible contract participant” as defined in the Commodity Exchange Act and the regulations thereunder at the time the grant of such security interest becomes effective with respect to such Hedging Obligation. If a Hedging Obligation arises under a master agreement governing more than one swap, such exclusion shall apply only to the portion of such Hedging Obligation that is attributable to swaps for which such Guarantee or security interest is or becomes illegal. As used in this definition, “Hedging Obligation” shall mean, with respect to any Guarantor, any obligation to pay or perform under any agreement, contract or transaction that constitutes a “swap” within the meaning of section 1a(47) of the Commodity Exchange Act.

  • Commodity means any material, article, supply, goods, or equipment.

  • Hedging Disruption means that the Issuer is unable, after using commercially reasonable efforts, to (A) acquire, establish, re-establish, substitute, maintain, unwind or dispose of any transaction(s) or asset(s) it deems necessary to hedge the risk of issuing and performing its obligations with respect to the Securities, or (B) realise, recover or remit the proceeds of any such transaction(s) or asset(s).