Pool Price definition
Examples of Pool Price in a sentence
For ease of illustration, we have used the following values (excluding GST): IPS Sugar price: $500 Deductions: $100 QSL Pool Price: $600 In the example below, the cane payment of $400 (excluding GST) (i.e. the sugar price less deductions) is redirected to QSL when a Grower nominates QSL to be its GEI marketer.
If the Parties are unable to agree on the AESO's proposal or that of the Generator or any of the Other Generators, as the case may be, within thirty (30) days after the Pool Price Event occurs, then the Replacement Price shall be determined by mandatory and binding arbitration, from which there shall be no appeal, with such arbitration to be conducted in accordance with the procedures set out in Schedule 6.
On the basis the QSL Pool Price for the GEI sugar achieved is $600 (excluding GST), QSL will make a net payment of $540 to the Grower which is calculated as follows: $600 Pool Price for GEI Sugar; less $100 (excluding GST) for permitted deductions for Wilmar; plus $40 for the Grower’s net GST liability.
Once the substitute for the Pool Price has been determined, the Parties shall promptly make whatever final adjustments to payments which had been made between them on an interim basis as are required to give effect to such substitute for the Pool Price as of the effective date thereof.
An illustrative example of the calculation of Alliance Net Pool Price is attached as Exhibit A hereto.