Daily Index Price definition

Daily Index Price or "DIP" shall mean for any Day the average of the two prices for such Day, using flow date and quantity data as shown for the following indices:
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Daily Index Price or "DIP" shall mean for any Day the volume weighted average of the prices published for such Day, using flow Day and volume data as reported under the “AVG” and “VOL” columns, respectively, in Intelligence Press’ “NGI’s Daily Gas Price Index” in the table entitled “NGI Cash Market Prices” for the following indices under the East Texas and South Louisiana price categories:
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Daily Index Price or "DIP" shall mean for any Day the volume weighted average of the prices published for such Day, using flow Day and volume data as reported under the “AVG” and “VOL” columns, respectively, in Intelligence Press’ “NGI’s Daily Gas Price Index” in the table entitled “NGI Cash Market Prices” for the following indices under the East Texas and South Louisiana price categories: Transco Zone 2 (less intrazone IT and fuel rates for Zone 2 set out in Transco's FERC Gas Tariff) Columbia Gulf Mainline Columbia Gulf Onshore Transco Zone 3 (less intrazone IT and fuel rates for Zone 3 set out in Transco's FERC Gas Tariff) Texas Eastern W. La ANR SE
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Examples of Daily Index Price in a sentence

  • Any references to MMBtu’s in any Daily Index Price or Monthly Index Price, shall be converted to GJ on the basis that one MMBtu equals 1.055056 GJ’s.

  • Otherwise, Powerex shall use commercially reasonable efforts to purchase Gas for delivery to B.C. Hydro under this Agreement at the most favourable Daily Index Price, taking into account transportation costs and availability and in view of the obligations of the parties under Section 7.1.

  • If B.C. Hydro does not hold such firm Transportation Capacity, B.C. Hydro may request that a Daily Index Price determined at a specified Gas Transfer Point be used for the purposes of determining the Gas Transfer Price applicable for any such deliveries on that day, but Powerex will not be obligated to deliver such amounts of Gas at the specified Daily Index Price.


More Definitions of Daily Index Price

Daily Index Price means anyone of the following daily index prices applicable to the sale of Gas from Powercx to B.C. Hydro pursuant to this Agreement, as determined by Powerex in accordance with Section 10A of the Agreement:
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Daily Index Price. AECO "C" Daily Index Price” means, the average price in Canadian dollars per GJ published on the "Canadian domestic gas price report" page, in the table “Daily Spot Gas Price at AECO "C" & NOVA Inventory Transfer” reported for the applicable day (excluding those prices on lines for which the date is a Saturday, a Sunday or a statutory holiday that falls on a Monday or a Friday and substituting in place of each such day the price on the line identified as “Weekend#” for the weekend occurring closest to such day) in the first edition of the Canadian Gas Price Reporter (“CGPR”) published in the month immediately following the month in which such day falls. If a statutory holiday falls on a Tuesday, Wednesday or Thursday, the AECO “C” Daily Index Price for such day shall be the AECO “C” Daily Index Price for the previous business day. It may be necessary to use the CGPR for the preceding month to locate the AECO “C” Daily Index Price for the closest business day or weekend.
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Daily Index Price shall have the meaning set forth in Section 7.1.
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Daily Index Price means any one of the following daily index prices applicable to the sale of Gas from Powerex to B.C. Hydro pursuant to this Agreement, as determined by Powerex in accordance with Section 10.4 of the Agreement:
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Daily Index Price or "DIP" shall mean for any Day the volume weighted average of the average prices published for such Day, using flow Day and volume data as shown for the following indices:
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Daily Index Price or "DIP" shall mean for any Day the
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Related to Daily Index Price

  • CPI Daily Inflation Reference Index means (A) in relation to the first day of any given month, the CPI Monthly Reference Index of the third month preceding such month, and (B) in relation to a day (D) (other than the first day) in any given month (M), the linear interpolation of the CPI Monthly Reference Index pertaining respectively to the third month preceding such month (M - 3) and the second month preceding such month (M - 2) calculated in accordance with the following formula:

  • HICP Daily Inflation Reference Index means (A) in relation to the first calendar day of any given month, the HICP Monthly Reference Index of the third month preceding such month, and (B) in relation to a calendar day (D) (other than the first calendar day) in any given month (M), the linear interpolation of the HICP Monthly Reference Index pertaining respectively to the third month preceding such month (M - 3) and the second month preceding such month (M - 2) calculated in accordance with the following formula:

  • Weighted Average Price means, for any security as of any date, the dollar volume-weighted average price for such security on the Principal Market during the period beginning at 9:30:01 a.m., New York time (or such other time as the Principal Market publicly announces is the official open of trading), and ending at 4:00:00 p.m., New York time (or such other time as the Principal Market publicly announces is the official close of trading), as reported by Bloomberg through its “Volume at Price” function or, if the foregoing does not apply, the dollar volume-weighted average price of such security in the over-the-counter market on the electronic bulletin board for such security during the period beginning at 9:30:01 a.m., New York time (or such other time as such market publicly announces is the official open of trading), and ending at 4:00:00 p.m., New York time (or such other time as such market publicly announces is the official close of trading), as reported by Bloomberg, or, if no dollar volume-weighted average price is reported for such security by Bloomberg for such hours, the average of the highest Closing Bid Price and the lowest closing ask price of any of the market makers for such security as reported in the OTC Link or “pink sheets” by OTC Markets Group Inc. (formerly Pink OTC Markets Inc.). If the Weighted Average Price cannot be calculated for a security on a particular date on any of the foregoing bases, the Weighted Average Price of such security on such date shall be the fair market value as mutually determined by the Company and the Holder. If the Company and the Holder are unable to agree upon the fair market value of such security, then such dispute shall be resolved pursuant to Section 11 with the term “Weighted Average Price” being substituted for the term “Exercise Price.” All such determinations shall be appropriately adjusted for any stock dividend, stock split, stock combination, reclassification or other similar transaction during the applicable calculation period.

  • Index Fee means 1.0% per annum. The Index Fee is charged each calendar day, beginning as of the Index Start Date. It is calculated on the basis of a 360-day year and the most recently calculated Index Closing Value.