Price Step definition

Price Step means a Large Price Step or a Small Price Step as the case may be;
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Examples of Price Step in a sentence

  • The Large Price Step and the Small Price Step or SPS Fraction for an Auction will be notified to Users in the Auction Information.

  • The Small Price Step shall be set such that an increase by an integer number of Small Price Steps is equal to an increase by a Large Price Step.

  • The Transporter shall notify to the JBP Operator the applicable Transporter Reserve Price for each Standard Capacity Product which may be applied in each Capacity Auction and the Transporter Large Price Step and Transporter Small Price Step for each Standard Capacity Product which may be applied for in each Ascending Clock Auction.

  • Shippers may elect to enter Bids on the JBP automatically against any Price Step in an Ascending Clock Auction.

  • If the sum of all Shippers’ bids in the first Bidding Round is higher than the IP Capacity offered in the auction, a further Bidding Round will be opened with the price equal to the Reserve Price plus one Large Price Step (an Auction Premium equal to one Large Price Step).

  • To create an Order curve, CROPEX will upon reception of an Hourly Order interpolate the values between each Price Step in the Hourly Order by means of linear interpolation, and the Hourly Order will be deemed to apply to each interpolated value on the resulting Order curve.

  • A Large Price Step and a Small Price Step shall be defined in respect of each Interconnection Point and in respect of each standard capacity product.

  • For this purpose two (2) cycles with each a different Price Step might apply.

  • A further Bidding Round is opened in this case, however the price shall reduce by one Large Price Step and increase by one Small Price Step.

  • For each subsequent Bidding Round where the sum of all Shippers’ bids remains higher than the IP Capacity offered in the auction, then a further Bidding Round will be opened, and the Auction Premium will increment by one Large Price Step (i.e. the price will be equal to the previous Bidding Round’s price plus one Large Price Step).

Related to Price Step

  • Price Schedule means the schedules or any part or individual schedule thereof, submitted by the Bidder with his Bid and forming a part of the Contract;

  • Receivables Purchase Price The amount described in Section 2.02 of the Pooling Agreement.

  • Purchased Receivables means all those accounts, receivables, chattel paper, instruments, contract rights, documents, general intangibles, letters of credit, drafts, bankers acceptances, and rights to payment, and all proceeds thereof (all of the foregoing being referred to as "receivables"), arising out of the invoices and other agreements identified on or delivered with any Invoice Transmittal delivered by Seller to Buyer which Buyer elects to purchase and for which Buyer makes an Advance.

  • Contract Purchase Price means the amount actually paid or allocated in respect of the purchase, development, construction or improvement of a Property or the amount of funds advanced with respect to a Mortgage, or the amount actually paid or allocated in respect of the purchase of other Assets, in each case exclusive of Acquisition Fees and Acquisition Expenses, but in each case including any indebtedness assumed or incurred in respect of such Property.

  • Closing Purchase Price shall have the meaning ascribed to such term in Section 2.1(b), which aggregate purchase price shall be net of the underwriting discounts and commissions.

  • Subsequent Receivables means the Receivables transferred to the Issuer pursuant to Section 2.2, which shall be listed on Schedule A to the related Subsequent Transfer Agreement.

  • Conveyed Assets shall have the meaning set forth in Section 2.01.

  • Purchase Price Date means the date the Purchase Price is delivered by Lender to Borrower.

  • Receivables Assets means accounts receivable (including any bills of exchange) and related assets and property from time to time originated, acquired or otherwise owned by the Borrower or any Subsidiary.

  • Net Purchase Price has the meaning set forth in Section 2.1.

  • Purchased Assets has the meaning set forth in Section 2.1.

  • Mortgage Loan Purchase Price The price, calculated as set forth in Section 10.01, to be paid in connection with the repurchase of the Mortgage Loans pursuant to Section 10.01.

  • Purchased Contracts has the meaning set forth in Section 2.1.1(a).

  • Settlement Receivable means any general intangible, payment intangible, or instrument representing or reflecting an obligation to make payments to or for the benefit of a Person in consideration for a Settlement made or arranged, or to be made or arranged, by such Person.

  • Price Gap means the following:

  • Purchased Receivable means a Receivable purchased as of the close of business on the last day of a Collection Period by the Servicer pursuant to Sections 4.2, 4.4(c) or 4.7 or repurchased by the Seller or the Servicer pursuant to Section 3.2 or Section 10.1(a).

  • Final Purchase Price has the meaning set forth in Section 2.02.

  • Option Purchase Price has the meaning set forth in Section 9.36(b) hereof.

  • Additional Purchased Assets shall have the meaning set forth in Subsection 3(a).

  • Subject Receivables means, for any Asset Representations Review, all Receivables outstanding and held by the Issuer that are more than 60 days delinquent as of the first day on which the Review Conditions are satisfied.

  • the Purchase Price means the price to be paid by the Buyer to the Seller for the purchase of the Property;

  • Loan Purchase Price With respect to any Home Equity Loan purchased from the Trust on or prior to a Monthly Remittance Date pursuant to Section 3.04, 3.06(b) or 8.10(b) hereof, an amount equal to the outstanding principal balance of such Home Equity Loan as of the date of purchase (assuming that the Monthly Remittance Amount remitted by the Servicer on such Monthly Remittance Date has already been remitted), plus all accrued and unpaid interest on such Home Equity Loan at the Coupon Rate to but not including the date of such purchase together with (without duplication) the aggregate amounts of (i) all unreimbursed Delinquency Advances and Servicing Advances theretofore made with respect to such Home Equity Loan, (ii) all Delinquency Advances which the Servicer has theretofore failed to remit with respect to such Home Equity Loan, (iii) all reimbursed Delinquency Advances and Servicing Advances to the extent that reimbursement is not made from the Mortgagor and (iv) any costs and damages incurred by the Trust in connection with any violation by the Home Equity Loan of any predatory or abusive lending law.

  • Option Closing Purchase Price shall have the meaning ascribed to such term in Section 2.2(b), which aggregate purchase price shall be net of the underwriting discounts and commissions.

  • Purchaser/ User means ultimate recipient of goods and services

  • Closing Date Purchase Price shall have the meaning set forth in Section 2.1 hereof.

  • Repurchase Price means, with respect to any Loan the Book Value, adjusted to reflect changes to Book Value after Bank Closing, plus (i) any advances and interest on such Loan after Bank Closing, minus (ii) the total of amounts received by the Assuming Bank for such Loan, regardless of how applied, after Bank Closing, plus (iii) advances made by Assuming Bank, plus (iv) total disbursements of principal made by Receiver that are not included in the Book Value.