Examples of Off-Peak in a sentence
On-Peak and Off-Peak are defined in the definitions section of this schedule.
On each Business Day during the term of this Agreement, the Company will calculate the change in Off-Peak Forward Market Price to be the change in On-Peak Forward Market Price for that month multiplied by the historical off-peak to on-peak price ratio for that month.
On each Business Day during the term of this Agreement, each of the Companies will calculate the change in Off-Peak Forward Market Price to be the change in On-Peak Forward Market Price for that month multiplied by the historical off-peak to on-peak price ratio for that month.
The Initial Mark for the Off-Peak Forward Market Price will be the Initial Mark for the On- Peak Forward Market Price multiplied by the off-peak to on-peak price ratio for the month from Table 2.
Updating the Mark for the Off-Peak Forward Market Price As noted above, on each Business Day during the term of this Agreement, the Mark for the Off-Peak Forward Market Price for a given month will be equal to the Mark for the On-Peak Forward Market Price for that month multiplied by the historical off-peak to on- peak price ratio for that month from Table 2.