Fallback Price definition

Fallback Price means the Fallback Price as referenced in Article VI, Section G when a Temporary Price cannot be agreed upon.
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Fallback Price means the Fallback Price as referenced in Article VI, Section G when a Temporary Price cannot be agreed upon. 2 ***INDICATES INFORMATION IN THIS DOCUMENT WHICH HAS BEEN OMITTED FROM THIS PUBLIC FILING PURSUANT TO A REQUEST BY THE COMPANY FOR CONFIDENTIAL TREATMENT BY THE SECURITIES AND EXCHANGE COMMISSION. THE OMITTED INFORMATION HAS BEEN FILED SEPARATELY WITH THE SECRETARY OF THE SECURITIES AND EXCHANGE COMMISSION FOR PURPOSES OF SUCH REQUEST. "K▇▇▇ Facility" shall mean K▇▇▇'▇ anhydrous ammonia production facility at Sterlington, Louisiana. The K▇▇▇ Facility has two (2) ammonia production units, each capable of producing ammonia independently of the other. "K▇▇▇ Terminal" shall mean K▇▇▇'▇ anhydrous ammonia terminal at Taft, Louisiana capable of receiving ammonia by vessels, loading and shipping ammonia in a barge, and reinjecting ammonia into the ammonia pipeline. "Market Activity" shall mean actual purchase transactions published in Fertilizer Markets and reflected in the published pricing index for the respective Market Price currently being used to determine the Price. Market Activity shall not mean lack of price movement of the pricing index even though purchase transactions may have occurred at the same published price.
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Fallback Price. The Calculation Agent shall, where applicable, determine the Relevant Price on the basis of the first additional Com- modity Reference Price agreed in the Terms of the Transaction which is not affected by a Market Disruption Event. c) „Verhandlung“: Die Parteien werden unverzüglich Verhandlungen über den Referenzpreis aufnehmen. Haben sich die Parteien, aus welchen Gründen auch immer, nicht innerhalb der Höchstdauer der Marktstörung - berechnet ausschließlich des ersten Feststellungsta- ges, für den die Berechnungsstelle das Bestehen einer Marktstörung (c) “Negotiation”: The parties shall promptly negotiate to agree on a Relevant Price. If the parties, for whatever reason, fail to agree on the Relevant Price within the Maximum Market Disruption Time – such period to be calculated excluding the first Pricing Date for which the Calculation Agent identified the existence of a Market Disruption festgestellt hat- auf den Referenzpreis geeinigt, so findet die nächste vereinbarte oder als vereinbart geltende Ersatzregelung Anwendung. Event, the next applicable Disruption Fallback agreed or deemed agreed shall apply.
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Examples of Fallback Price in a sentence

  • If no such Fallback Price is specified, the parties shall promptly endeavor to agree on an alternative source for determination of such Commodity Reference Price for that day.

  • Where the Gas Fallback Price Trigger occurs, the Gas Fallback Price will apply.

  • The parties will make commercially reasonable efforts to reach a Temporary Price rather than defaulting to the Fallback Price unless both parties mutually agree the Temporary Price should be the Fallback Price.

  • In the event a Temporary Price or Fallback Price is in effect, this will become the Market Price for the week.

  • The spirit of this Agreement will be to default to the Fallback Price only in the event the parties can not agree to a Temporary Price.

  • If the parties can not agree to a Temporary Price within one (1) week of the date of tendering of notice, the Temporary Price will then be the Fallback Price.

  • Fallback Price, when in effect as provided herein, shall mean that the Price as determined based on Article VI, Section A, B, C, and D shall be determined with the Market Price per metric ton under Section C deemed to be equal to ***.

  • The spirit of negotiating the Temporary Price will be to determine a price that is between the current Market Price and the Fallback Price.

  • The Temporary Price or the Fallback Price will remain in effect until Market Activity occurs in the pricing index that originally caused the party to tender notice of concern at which time the Price will be determined based on Article VI, Sections A, B, C, and D.


More Definitions of Fallback Price

Fallback Price means the price determined by the Calculation Agent in good faith in accordance with the market valuation provisions, expressed as a percentage of the:
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