PGP Price definition

PGP Price shall have the meaning set forth in Section 4.1. 1.44 “PGP Specifications” shall mean the specifications for polymer grade propylene set forth in Exhibit B; provided, however, Enterprise reserves the right to modify, add to, or revise such specifications at any time and from time-to-time during the Term upon giving not less than 30 days prior written notice to Purchaser of the applicable modification, addition or revision; provided, however, for so long as the PGP Storage Lease is in effect, (i) no modification, addition or revision DocuSign Envelope ID: 2B7A1C8A-A220-4A4E-9E1E-347CAF708643
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Examples of PGP Price in a sentence

  • Enterprise shall provide Purchaser with information reasonably required to verify Enterprise’s increased PGP Price.

  • With respect to each Contract Month, for each Pound of PGP delivered to the Delivery Point hereunder during such Contract Month, Purchaser shall pay to Enterprise, subject to adjustment pursuant to Section 9.2, a price determined as follows (as may be adjusted, the “PGP Price”): PGP Price (in cents per Pound rounded to 4 decimals) equals the Index.

  • For example: For the Month of October 2008, (i) the “PG Propylene Contract, Benchmark” price was $***** per pound and the PGP Price (applying a discount of $***** per pound) would have been $***** per pound: (ii) the “CG Propylene Contract.

  • Each invoice shall contain information sufficient to explain the amounts billed and itemized to show the following: (a) The quantity of PGP sold and delivered to Purchaser in such Contract Month, expressed in Pounds; (b) The PGP Price (including the pricing formula and related indices used in such pricing formula) for such Billing Month; (c) Adjustments to invoices previously rendered in respect of prior periods; and (d) The total amount payable pursuant to the invoice.

  • Promptly after such determination by Enterprise, Enterprise shall notify Purchaser in writing of Purchaser’s pro-rata share of such Emissions Capital Costs and Emission Compliance Expenses attributable to PGP purchased and sold hereunder through a per Pound increase to the PGP Price (“Purchaser’s Emission Cost Allocation”).

  • If Purchaser delivers such notice to Enterprise electing to accept Purchaser’s Emission Cost Allocation (or fails to deliver such notice within such 30 day period, in which case, Purchaser shall be deemed to have accepted Purchaser’s Emission Cost Allocation), then the PGP Price shall be increased by Purchaser’s Emission Cost Allocation.