Replacement Gas Price definition

Replacement Gas Price means, with respect to any Shortfall Quantity for Gas, the price (in $/MMBtu) at which Purchaser, acting in a Commercially Reasonable manner, purchases Replacement Gas for delivery at the Gas Delivery Point, subject to the final sentence of this definition, in respect of such Shortfall Quantity, including (i) costs reasonably incurred by Purchaser in purchasing such substitute Gas (including, but not limited to, any fees, charges, penalties or other costs payable by Purchaser as a result of purchasing such substitute Gas that must be delivered to Purchaser), and (ii) any transportation costs (including storage withdrawal and injection costs, which may include liquefaction and vaporization costs for stored liquefied natural gas). The Replacement Gas Price for any Shortfall Quantity shall not include any administrative or other internal costs incurred by Purchaser and shall be limited to a price that is Commercially Reasonable with respect to the timing and manner of purchase given (i) what constitutes a price reasonable for the delivery area, (ii) the amount of notice provided by Issuer,(iii) the immediacy of Purchaser’s Gas consumption needs, as applicable, (iv) the quantities involved, (v) the anticipated length of failure by Issuer and (vi) Purchaser’s obligation to mitigate Issuer’s damages pursuant to Section 4.1(d). In no event shall the Replacement Gas Price include any penalties or similar charges, provided that Imbalance Charges may be recovered under Section 5.2(d).
Sample 1Sample 2
Replacement Gas Price has the meaning set forth in Section 6.2.
Sample 1
Replacement Gas Price means, for any given month, the weighted average cost of gas per Mcf (as adjusted for MMbtu content) of all gas purchased by CEMCO or its successor in such month from the alternative gas purchase sources listed in Appendix E hereto, as it may be amended from time to time by mutual agreement of American and Cabot.
Sample 1

Examples of Replacement Gas Price in a sentence

  • No later than the 5th day of each Month during the Delivery Period (excluding the first Month of the Delivery Period) and the first Month following the end of the Delivery Period, Purchaser shall deliver to Issuer, if applicable, a statement (a “ Purchaser’s Statement”) listing (i) in respect of any Replacement Gas, the quantity and Replacement Gas Price applicable to such purchase, and (ii) any other amounts due to Purchaser in connection with this Agreement with respect to the prior Month(s).

  • If Southern provides notice that it will cover some portion of the Schedule with Replacement Seller's Resources, within [redacted] after receiving such notice by Southern, DYPM shall offer a delivered price (in $/MMBTU) ("Replacement Gas Price") for the amount of Gas (in MMBTU) that would have been required by the Specified Seller's Resources to produce the energy to be served by Replacement Seller's Resources ("Replacement Gas").

  • For purposes of this calculation, a Replacement Energy Block is defined as that quantity of Delivered Energy (in MWh) provided from Replacement Seller's Resources associated with a certain Replacement Gas Price established pursuant to Section 6.2.

  • In the case of (ii), Southern shall receive and purchase from DMT, and DMT shall supply and sell to Southern, the Replacement Gas at the Replacement Gas Price, at such alternate delivery point(s) specified by Southern (such transaction to be performed pursuant to another contemporaneous agreement between the Parties).

  • In the case of (ii), Southern shall receive and purchase from DYPM's Affiliate, and DYPM shall cause one of its Affiliates to supply and sell to Southern, the Replacement Gas at the Replacement Gas Price, at such alternate delivery point(s) specified by Southern (such transaction to be performed pursuant to another contemporaneous agreement between the Parties).

Related to Replacement Gas Price

  • Replacement Value means the price, including accrued interest, at which Equivalent Securities to the Borrowed Securities could be purchased in the principal market for such securities at the time of election by State Street under Section 13.1 hereof.

  • Replacement Price Section 1.51 is amended by (i) adding the phrase “for delivery” immediately before the phrase “at the Delivery Point” in the second line and (ii) deleting the phrase “at Buyer’s option” from the fifth line and replacing it with the phrase “absent a purchase”.

  • Replacement Energy means Energy purchased by Buyer as replacement for any Delivery Shortfall.

  • Substitute natural gas or "SNG" means a gas manufactured

  • Replacement unit means a landfill, surface impoundment, or waste pile unit (1) from which all or substantially all of the waste is removed, and (2) that is subsequently reused to treat, store, or dispose of hazardous waste. “Replacement unit” does not apply to a unit from which waste is removed during closure, if the subsequent reuse solely involves the disposal of waste from that unit and other closing units or corrective action areas at the facility, in accordance with an approved closure plan or EPA or State approved corrective action.

  • Discounted Value means, with respect to the Called Principal of any Note, the amount obtained by discounting all Remaining Scheduled Payments with respect to such Called Principal from their respective scheduled due dates to the Settlement Date with respect to such Called Principal, in accordance with accepted financial practice and at a discount factor (applied on the same periodic basis as that on which interest on the Notes is payable) equal to the Reinvestment Yield with respect to such Called Principal.

  • Worst Value means, in respect of a SPS Valuation Date, the lowest Underlying Reference Value for any Underlying Reference in the Basket in respect of such SPS Valuation Date.

  • Heating Value means the heat released by combustion of one pound of waste or fuel measured in Btu on an as received basis. For solid fuels, the heating value shall be determined by use of ASTM Standard D2015-66.

  • Auction Final Price means the relevant auction final price that may be published by ISDA or any administrator of any auction coordinated by ISDA from time to time and that would be applicable to the senior, unsecured debt obligations issued or guaranteed by the relevant

  • Strip Price means, at any time, (a) for the remainder of the then-current calendar year, the average NYMEX Pricing for the remaining months in such calendar year, (b) for each of the succeeding three complete calendar years, the average NYMEX Pricing for the twelve months in each such calendar year, and (c) for the succeeding fourth complete calendar year and each calendar year thereafter, the average NYMEX pricing for the twelve months in such fourth calendar year.

  • Operating parameter value means a minimum or maximum value established for a control device or process parameter that, if achieved by itself or in combination with one (1) or more other operating parameter values, determines that an owner or operator has complied with an applicable emission limit.

  • Cash price means the price measured in dollars at which a seller of a motor vehicle would in good faith sell to the buyer or to any other buyer under like circumstances, and the buyer would in good faith buy from the seller, the motor vehicle that is the subject matter of an installment sale contract if the sale were a sale for cash instead of an installment sale.

  • Extended Summer Resource Price Adder means, for Delivery Years through May 31, 2018, an addition to the marginal value of Unforced Capacity as necessary to reflect the price of Annual Resources and Extended Summer Demand Resources required to meet the applicable Minimum Extended Summer Resource Requirement.

  • Energy Price has the meaning set forth in Section 4.[1/2](a).

  • Heat input rate means the amount of heat input (in mmBtu) divided by unit operating time (in hours) or, with regard to a specific fuel, the amount of heat input attributed to the fuel (in mmBtu) divided by the unit operating time (in hours) during which the unit combusts the fuel.

  • Issuance Price means the Sales Price less the Selling Commission.

  • Replacement Facility means 1 of the following:

  • Maximum Trade Price means the highest Spot Price of the Shares (subject to any adjustment to such Spot Price as may be necessary to reflect any event as contemplated in Product Condition 3 such as capitalisation, rights issue, distribution or the like) during the MCE Valuation Period;

  • Reference Price means the Reference Price of the Underlying as specified in § 1 of the Product and Underlying Data.

  • Day-ahead Loss Price means the Loss Price resulting from the Day-ahead Energy Market.

  • Allocated Value means, in respect of any particular asset of a Participating CCAA Party, the amount of the sale proceeds realized from such asset, net of costs allocated to such asset all pursuant to the Allocation Methodology and, in respect of any Secured Claim, the amount of such sale proceeds receivable on account of such Secured Claim after taking into account the priority of such Secured Claims relative to other creditors holding a Lien in such asset;

  • Minimum Trade Price means the lowest Spot Price of the Shares (subject to any adjustment to such Spot Price as may be necessary to reflect any event as contemplated in Product Condition 3 such as capitalisation, rights issue, distribution or the like) during the MCE Valuation Period;

  • Reserve Price means the minimum price at which a bid will be accepted on the auction portal from a participating Qualified bidder

  • Replacement Assets means (1) substantially all the assets of a Person primarily engaged in a Similar Business or (2) a majority of the Voting Stock of any Person primarily engaged in a Similar Business that will become, on the date of acquisition thereof, a Restricted Subsidiary.

  • Congestion Price means the congestion component of the Locational Marginal Price, which is the effect on transmission congestion costs (whether positive or negative) associated with increasing the output of a generation resource or decreasing the consumption by a Demand Resource, based on the effect of increased generation from or consumption by the resource on transmission line loadings, calculated as specified in Operating Agreement, Schedule 1, section 2, and the parallel provisions of Tariff, Attachment K-Appendix, section 2.

  • SPS AER Value means the Underlying Reference Value.