Daily Amounts definition

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Daily Amounts shall be determined by multiplying i) the quantities of Gas actually delivered to Buyer under this Agreement at the Receipt Point(s) for the particular Day of the Contract Month, up to Buyer's Nominated Daily Quantity, ii) by a price per MMBtu determined using the arithmetic average of the high and low prices in the price range reported in Gas Daily, in the table "DAILY PRICE SURVEY", for "PEPL Oklahoma", for the applicable Day, which price shall be deemed to be a delivered price to the Receipt Point(s), inclusive of actual transportation charges (including ACA, GRI, fuel, all applicable surcharges, gathering costs, transition costs, and take or pay, or other costs, if any) from the wellhead to the Receipt Point(s), and shall include all royalties and all present and future production, delivery, severance, and excise taxes, and all other costs of delivery to the Receipt Point(s). As to any Day for which Gas Daily for any reason (e.g. holidays and weekends) does not publish the above referenced prices, the applicable prices shall be that utilized for the last prior Day such was published. If a Receipt Point(s) other than mainline Receipt Point(s) is used, any gathering, transportation or other costs imposed on Buyer to transport the gas to Transporter's mainline shall be deducted from the Commodity Charge.

Daily Amounts shall be determined by multiplying (a) the confirmed swing quantities of gas scheduled for the particular day of the Contract Month, by (b) a price per MMBtu determined using the Daily Midpoint Price reported in Gas Daily, in the table "DAILY PRICE SURVEY", for the applicable zone, specified below, for purchases for the applicable day. As to any day for which Gas Daily for any reason (e.g. holidays and weekends) does not publish the above referenced prices, the applicable prices shall be that utilized for the last prior day such is published. In addition all other applicable variable costs as identified below shall apply. For Other Purchases: For any purchases not covered by a specified pricing method, or for fixed price quantities, pricing shall be as negotiated and mutually agreed to in writing by the Parties. For Summer Storage Refill: For summer refill of leased storage, Buyer shall pay to Seller an amount based on averaging the seven summer monthly indices for the applicable supply area, and based upon presuming storage refill quantities to be equally split between the summer months. For summer refill of company storage, the parties will agree on the extent to which an index average method will be used, after consideration of the operational scheduling needs of company storage. In addition, all other applicable variable costs as identified below shall apply. Appendix E-

Examples of Daily Amounts in a sentence

Customer irrevocably authorizes Purchaser (which includes for the purposes of this Authorization, Purchaser’s agents, service providers, successors and assigns) to initiate electronic debit entries via the ACH network or similar network to the Approved Account or any substitute bank accounts Customer later identifies (individually and collectively, “Bank Account”) for any amounts due to Purchaser, including Daily Amounts and Adjusted Daily Amounts, on or after the dates such amounts come due.
Provided that Customer has not violated any of the representations, warranties and covenants in this Agreement, upon written Notice to Purchaser by Customer, and provision of such proof as requested by Purchaser, that the Customer has involuntarily closed its business and is no longer generating Future Receipts, Purchaser agrees that it shall have no further right to collect Daily Amounts or Adjusted Daily Amounts.
The "Settlement Rate" with respect to each Stock Purchase Contract, shall be an amount equal to the sum of the "Daily Amounts" (as defined below) calculated for each Determination Date during the Trading Day Period.
For purposes of calculating the Settlement Rate in effect as a result of such Cash Merger, the Daily Amounts will be calculated on each of the 20 consecutive trading days ending on the fifth trading day immediately preceding date of the cash merger.
Such reduction of the Share Redemption Share amount shall be made by reducing the Share Redemption Daily Amounts used to calculate the Share Redemption Share Amount for such Share Redemption in the inverse of their chronological order to the extent necessary to reduce the principal amount reflected in such Share Redemption Share Amount by the principal amount so converted.
The “Settlement Rate” is an amount equal to the sum of the Daily Amounts (as defined below) calculated for each of the 20 Trading Days beginning on April 15, 2008.
Borrower irrevocably authorizes and instructs Processor to hold Daily Amounts on behalf of Lender and to remit directly to Lender the cash or, as applicable, a percentage of the cash equal thereto at the same time it remits to Borrower the cash equal to the receivables less the Daily Amount or, as applicable, a percentage of the Daily Amount.
The Cash Settlement Daily Amounts owed in respect of all Exchange Business Days within a Settlement Period shall be paid (as a single net payment in accordance with Section 2(c) of the Agreement) by Counterparty or GSFM, as the case may be, on the third Clearance System Business Day following the last Scheduled Trading Day of such Settlement Period.
The Average Amount shall equal the average of the Daily Amounts for the days during the relevant calendar year during which Shares are traded on the principal United States market for the Shares.
Buyer shall pay to Seller each Contract Month an amount determined by summing all applicable "Daily Amounts" for the Contract Month.