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.
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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.
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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.
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Examples of Commodity Costs in a sentence

  • As part of NCPA’s regular, monthly, advance billing (the “All Resources ▇▇▇▇”) or by separate special invoice, as required in the circumstances, NCPA will issue an invoice to each Participant for its proportionate share of the Commodity Costs, GPP Costs and Transactions Specific Costs due (or any adjustments thereto) based on Sections 5.1 and 5.2 above.

  • Prior to subscribing to an Eligible Gas Purchase, a Participant shall deposit into the Security Account held by NCPA on account equal to the highest three (3) months of estimated Commodity Costs for all Eligible Gas Purchases Participant has or will subscribe to as estimated by NCPA; provided, however, that such deposit may be satisfied in whole or in part either in cash or through a clean, irrevocable letter of credit satisfactory to NCPA’s General Manager.

  • If the Seller recovers any amount from a defaulting Purchaser, the Seller shall (1) if the recovery is attributable to Debt Service, credit each Purchaser proportionately according to its Entitlement Share, or (2) if the recovery is attributable to any other amount, adjust the Commodity Costs to account for the recovered amount.

  • Credits or additions shall not be made to Participants who satisfy these Security Account requirements in whole through the use of a letter of credit, provided that the amount of the letter of credit shall be adjusted by the Participant as necessary in a like manner to assure an amount equal to the highest three (3) months of estimated Commodity Costs is available to NCPA.

  • A Participant that fails to deliver Approved Products to NCPA in accordance with its Subscription Percentage shall be responsible for all costs incurred by NCPA in connection with Approved Products replacement, or Contract Transaction termination, including any associated Replacement Commodity Costs.

  • Credits or additions shall not be made to Participants who satisfy these Security Deposit requirements in whole through the use of a letter of credit, provided that the amount of the letter of credit shall be adjusted, as required from time to time, in a like manner to assure an amount equal to the highest three (3) months of estimated Commodity Costs is available to NCPA.

  • As part of NCPA’s regular, monthly, advance billing (the “All Resources Bill”) or by separate special invoice, as required in the circumstances, NCPA will issue an invoice to each Participant that will include its Subscription Percentage share of the Commodity Costs, Commodity Revenues, MPP Costs and Transactions Specific Costs due or payable (or any adjustments thereto) in accordance with Section 9.

  • In addition to a Security Deposit amount equal to the highest three (3) months of estimated Commodity Costs for all Contract Transactions in which Participant has or will subscribe, incremental funds may be required from a Participant to commence a transaction, satisfy a margin call or terminate and liquidate a Contract Transaction.

  • In the event that the Commodity Costs and/or Debt Service may be reduced by the refunding at any time of all or from time to time of any Bonds then outstanding or in the event it shall otherwise be advantageous in the opinion of the Seller to refund any Bonds, the Seller may issue and sell, or cause to be issued and sold, refunding bonds.

  • At the end of each Month of each Contract Year, the Seller shall review its budget of Commodity Costs for the Contract Year, including credits thereto.

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 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 price risk management or purchase agreement or similar arrangement (including commodity price swap agreements, forward agreements or contracts of sale which provide for prepayment for deferred shipment or delivery of oil, gas or other commodities).