Spot Index definition
Examples of Spot Index in a sentence
In the case where the Client deliberately attempts to take advantage of the fact that shares in a particular Spot Index going ex-dividend, the Company reserves the right to apply a dividend adjustment in the form of commission without prior notice or consent.
The volume of Pledged Natural Gas for Month M is defined by dividing this average invoice amount by the ZTP European Gas Spot Index of the last Business Day of Month M-1.
The percentage change in the Spot [Index] Index Value from the Pricing Date to the applicable Valuation Date is described by the following formula: Spot [Index] Index Value VD – Strike Level Strike Level The “Spot [Index] Index Value VD” is the Spot [Index] Index Value on the applicable Valuation Date.
The Company has appointed [Determination Agent] to be its Determination Agent to determine the Spot [Index] Index Value and Cash Settlement Value as provided in the Warrant Agreement and herein and to make such calculations as may be required upon the occurrence of certain circumstances, as described in the Warrant Agreement and herein.
The Determination Agent will not be responsible for good faith errors or omissions in determining or disseminating information regarding the Spot [Index] Index Value or determining the Cash Settlement Value for a Warrant.
The Parties agree to a unit purchase price for 1 MWh of supplied natural gas (€/MWh) determined by the formula below: where: EGSI NCG is the arithmetic mean volume of all averaged daily prices for trades executed between 8:00 AM and 6:00 PM (CE(S)T for the month and quoted every business day for the applicable supply date therein, to be published at ▇▇▇▇▇://▇▇▇.▇▇▇▇▇▇▇▇▇.▇▇▇/spot-market-data in the European Gas Spot Index "EGSI €/MWh" for the NCG market, rounded to 3 decimal places.
The Company hereby appoints [l], and [l] accepts such appointment, to be the Company’s Determination Agent to determine the Spot [Index] Index Value and Cash Settlement Value in accordance with this Section 2.02(g) and to make such calculations as may be required upon the occurrence of any of the circumstances described in Section 2.02(h), Section 2.03 or Section 2.04, including, without limitation, calculation of the Cash Settlement Value of a Warrant.
The “Cash Settlement Value” of an exercised Warrant will be an amount in U.S. Dollars equal to the greater of (i) [$l] and (ii) [$l] multiplied by the change, expressed as a percentage, in the Spot [Index] Index Value (as defined below) from [l], 2006 (the “Pricing Date”) to the applicable Valuation Date (as defined on the reverse hereof).
The “Cash Settlement Value” of an exercised Warrant (including Warrants automatically exercised) will be an amount in U.S. Dollars equal to the greater of (i) [$l] and (ii) [$ l] multiplied by the change, expressed as a percentage, in the Spot [Index] Index Value from [l], 2006 (the “Pricing Date”) to the applicable Valuation Date.
Not later than 5:00 p.m., New York City time, on the applicable Valuation Date (or, if such Valuation Date is not a New York Business Day, on the New York Business Day next succeeding that Valuation Date), the Determination Agent shall determine the Cash Settlement Value for an exercised Warrant (including upon automatic exercise) in the manner set forth in Section 2.02(e) based on the Spot [Index] Index Value on such Valuation Date and notify the Warrant Agent of that Cash Settlement Value.