Physical Call Option definition

Physical Call Option means a contract that offers a buyer the right, but not the obligation, to buy a quantity of Energy to be delivered at a predetermined price.
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Examples of Physical Call Option in a sentence

  • If the Gas Supply Physical Call Option is executed, DTE Gas will pay the MichCon gas price on the delivery day and a premium between $0.80 - $2.00 per Dth, depending on the quantity of gas delivered.62 Mr. Bratu testified this Call Option is a short-term solution while other solutions are being identified and analyzed.63 DTE Gas calculated the deliverability exposure attributable to a failure of the Belle River dehydration equipment to be 309 MMcf/d for January 2022 and 274 MMcf/d for February 2022.

  • Aglet’s main proposal is the institution of a Commission–established Physical Call Option Market (PCOM) that would be overseen by the Commission’s Energy Division using a third-party vendor.16 Aglet sees the PCOM as a complement to the existing RA program, and LSE participation would be voluntary.

  • The approved procurement processes used during the Quarter for Natural Gas transactions were as follows: May – September 2013 Physical Call Option RFO – On April 9, 2013 PG&E conducted a solicitation for physical call options (gas peaking products) to meet May-September demand.

Related to Physical Call Option

  • Call Option means an exchange traded option with respect to Securities other than Stock Index Options, Futures Contracts, and Futures Contract Options entitling the holder, upon timely exercise and payment of the exercise price, as specified therein, to purchase from the writer thereof the specified underlying Securities.

  • Covered Call Option means an exchange traded option entitling the holder, upon timely exercise and payment of the exercise price, as specified therein, to purchase from the writer thereof the specified underlying Securities (excluding Futures Contracts) which are owned by the writer thereof and subject to appropriate restrictions.

  • Call Option Notice means a written notice from the holder of the Call Option or the Administrator, as applicable, stating its desire to exercise the Call Option on the related Reset Date, delivered to each Clearing Agency, the Indenture Trustee, the Remarketing Agents, the Rating Agencies and, if the related class of Reset Rate Notes is then listed on the Luxembourg Stock Exchange, the Administrator will forward a copy to the Luxembourg Listing Agent (the contents of which are to be published in a leading newspaper having general circulation in Luxembourg).

  • Call Option Date As defined in Section 10.01(a) hereof.

  • Termination Option Event means an event of a kind defined as such in Section 4.1, 4.2 or 4.8.

  • Call Option Period has the meaning given to it in Condition 6.04 (Call Option);

  • Notice of Stock Option Grant means the document so entitled to which this Agreement is attached.

  • Director Option means an Option granted pursuant to Section 6.

  • Put Option means an exchange traded option with respect to Securities other than Stock Index Options, Futures Contracts, and Futures Contract Options entitling the holder, upon timely exercise and tender of the specified underlying Securities, to sell such Securities to the writer thereof for the exercise price.

  • Put Option Event means a Change of Control Event.

  • Termination Delivery Unit means (a) in the case of a Termination Event, an Event of Default or an Extraordinary Event (other than an Insolvency, Nationalization, Merger Event or Tender Offer), one Share or (b) in the case of an Insolvency, Nationalization, Merger Event or Tender Offer, a unit consisting of the number or amount of each type of property received by a holder of one Share (without consideration of any requirement to pay cash or other consideration in lieu of fractional amounts of any securities) in such Insolvency, Nationalization, Merger Event or Tender Offer. If a Termination Delivery Unit consists of property other than cash or New Shares and Counterparty provides irrevocable written notice to the Calculation Agent on or prior to the Closing Date that it elects to deliver cash, New Shares or a combination thereof (in such proportion as Counterparty designates) in lieu of such other property, the Calculation Agent shall replace such property with cash, New Shares or a combination thereof as components of a Termination Delivery Unit in such amounts, as determined by the Calculation Agent in its discretion by commercially reasonable means, as shall have a value equal to the value of the property so replaced. If such Insolvency, Nationalization, Merger Event or Tender Offer involves a choice of consideration to be received by holders, such holder shall be deemed to have elected to receive the maximum possible amount of cash.

  • Call Option Repayment Date means the settlement date for the Call Option determined by the Issuer pursuant to Clause 10.2 (Voluntary early redemption – Call Option), Clause 10.3(d) or a date agreed upon between the Bond Trustee and the Issuer in connection with such redemption of Bonds.

  • Repurchase Right means the right granted to the Corporation in accordance with Article D.

  • Put Option Receipt means a receipt issued by a Paying Agent to a depositing Noteholder upon deposit of a Note with such Paying Agent by any Noteholder wanting to exercise a right to redeem a Note at the option of the Noteholder;

  • Termination Option means the option of either party to terminate a transaction in the event that the other party fails to perform a Firm obligation to deliver Gas in the case of Seller or to receive Gas in the case of Buyer for a designated number of days during a period as specified on the applicable Transaction Confirmation.

  • Stock Purchase Right means a right to purchase Common Stock pursuant to Section 11 below.

  • Purchase Right means an option to purchase shares of Common Stock granted pursuant to the Plan.

  • Termination Right have the respective meanings given in the PRA Contractual Stay Rules.

  • Incentive Share Option means an Option that is intended to meet the requirements of Section 422 of the Code or any successor provision thereto.

  • Put Option Notice means a notice which must be delivered to a Paying Agent by any Noteholder wanting to exercise a right to redeem a Note at the option of the Noteholder;

  • Physical disability means a severe, chronic condition that is attributable to a physical impairment that results in substantial limitations of physical functioning in three or more of the following areas of major life activities: self-care, receptive and expressive language, learning, mobility, self-direction, capacity for independent living, and economic self-sufficiency.

  • 3(i) Option means an Option granted pursuant to Section 3(i) of the Ordinance to any person who is Non- Employee.

  • Initial Warrant Exercise Date means __________, 1997.

  • Restricted Stock Purchase Right means a right to purchase Stock granted to a Participant pursuant to Section 8.

  • Contract Award Notice means the official notification substantiated by the Notice to Proceed issued by the City Purchasing Agent to the Contractor.