Energy Commodity definition
Examples of Energy Commodity in a sentence
With respect to any Customer, shall mean ESCO’s Energy Commodity revenue and associated charges determined by NATIONAL GRID under Articles 2 and 3 of the Agreement based upon the applicable Billing Price Determinants in effect (including, but not limited to, any applicable state or federal taxes and/or surcharges) that are billed under this Agreement that represent an account of such Customer.
NATIONAL GRID and ESCO desire to enter into this Agreement whereby NATIONAL GRID agrees to ▇▇▇▇ ▇▇▇▇’▇ supply of the Energy Commodity to Customers, and ESCO agrees to sell to NATIONAL GRID, and NATIONAL GRID agrees to purchase all Accounts Receivable, as such term is hereinafter defined.
The Flat Rate applied to the Energy Commodity for each Customer as of the Effective Price Change Date shall be based upon the Billing Price Determinant selections in effect as of such date.
NATIONAL GRID agrees to calculate the Accounts Receivable, based upon the Billing Price Determinants in effect, and include on NATIONAL GRID bills to Customers such calculated amount along with any and all NATIONAL GRID Tariff charges and surcharges, if applicable, for energy services provided by NATIONAL GRID in connection with ESCO's supply of the Energy Commodity to Customers.
ESCO shall not assign all or any part of the monies payable by NATIONAL GRID under this Agreement without the prior written consent of NATIONAL GRID, which consent NATIONAL GRID may grant or withhold within its sole and absolute discretion, except ESCO may, upon 20 days’ prior written notice to NATIONAL GRID, assign such monies to any lender, Energy Commodity supplier or financial institution of ESCO for financing or credit purposes excluding any assignment of the Collateral.
Stochastic Models of Energy Commodity Prices and Their Applica- tions : mean-Reversion with Jumps and Spikes.
In no event will Lexington's liability under this Agreement exceed the amount of payments due Representative hereunder for the Energy Commodity delivered to and paid for by Customer,and all consequential, punitive,indirect,specialdamages, including but not limited to increased energy costs,lost business,and lost profits are disclaimed.