Floating Price Payer definition

Floating Price Payer means, in respect of a Financially Settled Futures Transaction in financial power, the party which is obligated to make payments from time to time of amounts calculated by reference to a Floating Price, Notional Quantity and Calculation Period (all as defined in Schedule “E”), as more particularly set forth in Schedule “E”;

Floating Price Payer means the party which is obligated to make payments from time to time in respect of the Futures Transaction of amounts calculated by reference to the Floating Price, Notional Quantity and Calculation Period, as the case may be;

Floating Price Payer means, in respect of a Transaction (other than a Weather Index Derivative Transaction, NBP Transaction, ZBT Transaction, Gas Transaction, Power Transaction, GTMA Transaction, EU Emissions Allowance Transaction, Freight Transaction or other Transaction similarly subject to different payment calculation mechanism), a party obligated to make payments from time to time in respect of the Transaction of amounts calculated by reference to a Commodity Reference Price or to make one or more payments of a Floating Amount.

Examples of Floating Price Payer in a sentence

• If the Daily Financially Settled Futures Settlement Amount (expressed in CAD$C or USD$U.S.) is greater than 0, Fixed Price Payer agrees to pay to Floating Price Payer such amount Daily Financially Settled Futures Settlement Amount to Floating Price Payer on the Daily Financially Settled Futures Settlement Date.

• If the Daily Financially Settled Futures Settlement Amount (expressed in CAD$C or USD$U.S.) is less than 0, Floating Price Payer agrees to pay to Fixed Price Payer the absolute value of such amount Daily Financially Settled Futures Settlement Amount to Fixed Price Payer on the Financially Settled Futures Settlement Date.

• If the Financially Settled Futures Settlement Amount Futures Clearing Amount (expressed in CAD$C or USD$U.S.) is less than 0, Floating Price Payer agrees to pay such amount to Fixed Price Payer on the Futures Financial Settlement Date the absolute value of such Futures Clearing Amount.

• The Floating Amount payable under a Futures Transaction by the Floating Price Payer under a Financially Settled Gas Futures Transaction is will be calculated as follows: The Floating Amount equals the Notional Quantity times the Calculation Period times the Floating Price.

• If the MTM Settlement Amount (expressed in CAD$C or USD$U.S.) is greater than 0, Fixed Price Payer agrees to pay such MTM Settlement Amount to Floating Price Payer such MTM Settlement Amount on the MTM Settlement Date.

More Definitions of Floating Price Payer

Floating Price Payer. Eskom Holdings Limited ("Eskom") Commodity: Gold (minimum 0.995 fine, London good delivery form) Calculation Periods: 6 consecutive monthly periods from and including the Effective Date to and including the Termination Date as specified in Table 1 below. Effective Date: 1 July 2004

Floating Price Payer. Invested Bank Limited ("Investec") Commodity: Gold (minimum 0.995 fine, London good delivery form) Calculation Periods: 6 consecutive monthly periods from and including the Effective Date to and including the Termination Date as specified in Table 1 below Effective Date: 1 July 2004

Floating Price Payer means, in respect of a SwapFinancially Settled Futures Transaction in electricity, the party which is obligated to make payments from time to time of amounts calculated by reference to a Floating Price, Notional Quantity and Calculation Period (all as defined in Schedule "E"), as more particularly set forth in Schedule "E";