Notional Quantity definition

Notional Quantity means, with respect to a Commodity Conversion, the number of units of the underlying commodity.

Notional Quantity. – means the size of the OTCI transaction expressed either outright, or in accordance with the number of contracts underlying the OTCI transaction.

Notional Quantity means, in respect of a Precious Metal Transaction or Option, the quantity designated as such in the relevant Confirmation as the quantity of the relevant Precious Metal by reference to which the amount due to be paid under such Precious Metal Transaction or Option is calculated;

Examples of Notional Quantity in a sentence

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

• On each Business Day following the Transaction Date of, for the applicable Term of a Daily Financially Settled Power Futures Transaction, the MTM Settlement Amount is the result obtained by subtracting the Settlement Price (SP) from the Prior Settlement Price (SPP) times the Calculation Period (CP) times the Notional Quantity (NQ): (PSS - SP x CP x NQ).

• The Option Premium Amount payable by the Option Buyer under an Option Transaction in which the relevant Underlying Transaction is a Futures Transaction equals the Option Premium Price times the Notional Quantity for such Futures Transaction times the Calculation Period for such Futures Transaction.

• On the Transaction Date, the mark-to-market settlement amount (“MTM Settlement Amount”) for a Daily Financially Settled Power Futures Transaction is the result obtained by subtracting the Settlement Price (SP) from the Fixed Price (FP) times the Calculation Period (CP) times the Notional Quantity (NQ):; (FP- SP x CP x NQ).

• 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.

More Definitions of Notional Quantity

Notional Quantity. ” means the notional quantity of the underlying commodity gas or financial power agreed to by Exchange and the Contracting Party, upon entering into a Financially Settled Futures Transaction, which forms the basis of settlement for the Financially Settled Futures Transaction and is referred to in the respective Financially Settled Futures Confirmation as the Notional Quantity;

Notional Quantity means, in respect of a Commodities Transaction or a Precious Metal Transaction, the quantity designated as such in the relevant Confirmation as the quantity of the relevant Commodities or Precious Metal by reference to which the amount due to be paid under such Commodities Transaction or Precious Metal Transaction is calculated;

Notional Quantity means the quantity of gas or financial power agreed to by Exchange and the Contracting Party upon entering into a Futures Transaction, which forms the basis of settlement for the Futures Transaction and is referred to in the respective Futures Confirmation as the Notional Quantity;

Notional Quantity means, in respect of a Pricing Date or Calcu- lation Period, the quantity expressed in Units of the relevant Commodity as specified in the Terms of the Transaction;

Notional Quantity means, for each Interval, the sum of the contract quantity of electricity (in MWh) for each hour or fraction thereof in such Interval, for which PROJECT ORANGE and NIAGARA are contractually committed. The contract quantities for Contract Years during the Proxy-Market Price Period are set forth in Schedule 2A attached hereto. The contract quantities for Contract Years after the Proxy-Market Price Period are set forth in Schedule 2B attached hereto. NYPSL: Shall mean the New York Public Service Law, as amended.

Notional Quantity means, in respect of a Trans- action (including option transactions) relating to Commodities, the quantity designated as such or as the "Number of Ounces" (in respect of option transactions relating to Precious Metal) in the relevant Confirmation as the quantity of the relevant Commodities by reference to which the amount due to be paid under such Transaction relating to Commodities is calculated;

Notional Quantity means the amount of capacity (expressed in MW) as set forth in ATTACHMENT I-A under the heading Notional Quantity for the applicable Contract Year.