Commodity Unit definition

Commodity Unit. MMBtu (One Million British Thermal Units) Trade Date: March 23, 2001 Effective Date: April 01, 2001 Termination Date: December 31, 2004 Determination Period(s): Each calendar month beginning with April 01, 2001 and ending on December 31, 2004. Payment Date(s): The fifth (5th) Business Day following the date on which the Floating Price is determinable FIXED AMOUNT DETAILS: Fixed Price Payor: ENA
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Commodity Unit. MMBtu (One Million British Thermal Units) Trade Date: September 01, 2000 Effective Date: October 01, 2000 Termination Date: October 31, 2000 Determination Period(s): Each calendar month beginning with October 01, 2000 and ending on October 31, 2000. Payment Date(s): The fifth (5th) Business Day following the date on which the Floating Price is determinable Fixed Price Payor: Counterparty Fixed Price: US Dollars $4.83500 per MMBtu Floating Price Payor: ENA Floating Price: The settlement price for the last scheduled Trading Day of the NYMEX ▇▇▇▇▇ Hub Natural Gas Futures Contract for the applicable Determination Period Contractual Currency: US Dollars Governing Law: New York General Terms and Conditions of Confirmations: The general terms and conditions contained in Annex A attached hereto and made a part hereof apply and are incorporated herein by reference
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Examples of Commodity Unit in a sentence

  • Within 60 days after the Commencement Date, the Parties shall enter into good faith negotiations concerning a mechanism tracking postings for natural gas futures on the New York Mercantile Exchange ("NYMEX") that would establish an alternative Commodity Unit Price for Reserved Gas to be sold hereunder.

  • Any mutual agreement concerning such alternative Commodity Unit Price shall be set forth in a written amendment to this Agreement and shall have prospective effect only.

  • It is also contemplated that such mechanism would (a) permit such alternative Commodity Unit Price to track over time the differences in the market price for natural gas delivered into ▇▇▇▇▇ Hub and/or other NYMEX bench mark locations and that for natural gas delivered into Texas Eastern and (b) provide Seller with reasonable compensation for the transaction costs Seller may incur in purchasing futures, options or other contracts necessary to hedge Buyer's selected NYMEX-based price.

  • It is contemplated that Buyer could irrevocably select with reasonable advance notice to Seller such alternative Commodity Unit Price for a period corresponding with the delivery months for which futures prices are then posted by NYMEX.

  • Notional Quantity per Determination Period: 190 Barrels multiplied by the number of days in the relevant Determination Period Commodity: Crude Oil Commodity Unit: Barrels (BBL) (42 U.S. Gallons) Trade Date: June 13, 2001 Effective Date: June 01, 2001 Termination Date: December 31, 2001 Determination Period(s): Each calendar month beginning with June 01, 2001 and ending on December 31, 2001.

Related to Commodity Unit

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

  • 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 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 option ’ means agreement or transaction subject to regulation under sec- tion 4c(b) of the Act;

  • Commodity intermediary means a person that: