Spot Index Price definition

Spot Index Price means the price calculated as the average of
Sample 1
Spot Index Price means the price calculated as the average of the index prices for NGPL Midcontinent and CIG published on the Natural Gas Intelligence (“NGI”) Bidweek Survey. Should this publication become unavailable, Transporter shall base the Spot Index Price on index prices posted in a similar publication. The Spot Index Price shall be calculated not later than the 15th Business Day of the Month. Transporter shall post the Spot Index Price on Transporter's electronic bulletin board during the Month the Spot Index Price is effective.
Sample 1

Examples of Spot Index Price in a sentence

  • If the Shipper was allocated a quantity on the preliminary Causer Allocation Point but was not calculated any quantities for the Causer Allocation Point after the month, the Shipper shall be charged or receive the preliminary quantity at the European Spot Index Price.

  • If the Shipper´s preliminary quantity on the Causer Allocation Point is higher than the calculated quantity for the Causer Allocation Point after the month, the Shipper shall be charged or receive the European Spot Index Price for the difference between the prelim- inary and calculated quantity, and the marginal price for the remaining quantity .

  • In the event that this Spot Index Price is no longer published, Transporter will file to change this Statement of Operating Conditions to reflect a new Spot Index Price that is based upon a published index using transaction level data from Gas sales occurring at locations on or in close proximity to the Header System, and Transporter may, at its discretion, select a reasonable Spot Index Price for the interim period until such new Spot Index Price becomes effective.

  • Market Zone North Spot Index Price shall be the average of Gas Daily’s Weekly Weighted Average Price for Upper Midwest, Mich Con city-gate and Dawn, Ontario.

  • When Shipper's NMI remaining after the expiration of the Trading Period, as defined in Section 20.3(a) below, is the result of actual deliveries exceeding actual receipts, Shipper shall pay Transporter an amount equal to such remaining NMI (in Dth) multiplied by the average weekly Spot Index Price, as determined in Section 20.2(e) herein.

  • In the event that this Spot Index Price is no longer published, Transporter will file to change these General Terms and Conditions to reflect a new Spot Index Price that is based upon a published index using transaction level data from natural gas sales occurring at locations on or in close proximity to the Facilities, and Transporter may, at its discretion, select a reasonable Spot Index Price for the interim period until such new Spot Index Price becomes effective.

  • When Shipper's NMI remaining after the expiration of the Trading Period, as defined in Section 20.3(a) below, is the result of Shipper's actual receipts exceeding actual deliveries, Transporter shall pay Shipper an amount equal to such remaining NMI (in Dth) multiplied by the average weekly Spot Index Price, as determined in Section 20.2(e) herein.

  • In the Motion to Reopen, the Trustee stated that he had been “recently” contacted by the Defendants’ counsel, the City of New York Law Department (the “City”), regarding the Lawsuit.

  • Denote the input corresponding to branch β of W (ϕ) as uˆ(λ, ϕ, β).

  • Supply Spot Index Price shall be based on Gas Daily’s Weekly Weighted Average Price for Appalachia, Dominion, North Point.

Related to Spot Index Price

  • Index Price on a given date shall mean the weighted average (weighted in accordance with the factors listed above) of the closing prices of the companies composing the Index Group.

  • CMT Index Not applicable.

  • Final Index Price means the average of the Index Prices for the 20 consecutive full trading days ending on the trading day prior to the Determination Date.

  • SIFMA Index means the Securities Industry and Financial Markets Association Municipal Swap Index, produced by Municipal Market Data, or if such index is not published, then such other index selected by the Treasurer which reflects the yield of tax-exempt seven-day variable rate demand bonds.

  • CPI Index is defined in Section 2.1(c) of this Agreement.

  • Index Value means, in relation to any Reference Rate Business Day:

  • RPIX Index shall have the meaning given to it in paragraph 5.4 of Schedule 3 (Charging Structure) of this Framework Agreement;

  • Initial Index Price means the sum of the per share closing sales price of the common stock of each company comprising the Index Group multiplied by the applicable weighting, as such prices are reported on the consolidated transaction reporting system for the market or exchange on which such common stock is principally traded on the trading day immediately preceding the public announcement of this Agreement.

  • Index year means the earliest calendar year in which the

  • Spot Price means the rate of exchange at the time at which such price is to be determined for foreign exchange transactions in the relevant Currency Pair for value on the Spot Date, as determined in good faith: (i) by the Seller, for purposes of Section 5, and (ii) by the Non-Defaulting Party, for purposes of Section 8.

  • Average value means the value which best represents the amount of the nutrient which a given food contains, and reflects allowances for seasonal variability, patterns of consumption and other factors which may cause the actual value to vary.

  • LIBOR Market Index Rate means, for any day, LIBOR as of that day that would be applicable for a LIBOR Loan having a one-month Interest Period determined at approximately 10:00 a.m. Central time for such day (rather than 11:00 a.m. (London time) two Business Days prior to the first day of such Interest Period as otherwise provided in the definition of “LIBOR”), or if such day is not a Business Day, the immediately preceding Business Day. The LIBOR Market Index Rate shall be determined on a daily basis.

  • Index B means the index for the year prior to index A.

  • Underlying Index means each of the S&P 500 Index, the MSCI EAFE Index, the MSCI Emerging Markets Index, the S&P MidCap 400 Index and the Russell 2000 Index. The “Pricing Date” shall mean October 31, 2011. The “Starting Price” is 100.The “Ending Price” will be calculated based on the weighted returns of the Basket Components and will be equal to the product of (i) 100 and (ii) an amount equal to 1 plus the sum of: (A) 35% of the Component Return of the SPDR S&P 500 ETF Trust; (B) 20% of the Component Return of the iShares MSCI EAFE Index Fund; (C) 20% of the Component Returnof the iShares MSCI Emerging Markets Index Fund; (D) 15% of the Component Return of the SPDR S&P MidCap 400 ETF Trust; and (E) 10% of the Component Return of the iShares Russell 2000 Index Fund. The “Component Return” of a Basket Component will be equal to:Final Component Price – Initial Component Price Initial Component Price where, • the “Initial Component Price” is the Fund Closing Price of such Basket Component on the Pricing Date; and • the “Final Component Price” will be the Fund Closing Price of such Basket Component on the Calculation Day. The Initial Component Prices of the Basket Components are as follows: SPDR S&P 500 ETF Trust ($125.45); iShares MSCI EAFE Index Fund ($52.37); iShares MSCI Emerging Markets Index Fund ($40.80); SPDR S&P MidCap 400 ETF Trust ($161.40); and iShares Russell 2000 Index Fund ($73.97). The “Fund Closing Price,” with respect to a Basket Component on any Trading Day, means the product of (i) the Closing Price of one share of such Basket Component (or one unit of any other security for which a Fund Closing Price must be determined) on such Trading Day and(ii) the Adjustment Factor applicable to such Basket Component on such Trading Day. The “Closing Price” with respect to a share of a Basket Component (or one unit of any other security for which a Closing Price must be determined) on any Trading Day means the price, at the scheduled weekday closing time, without regard to after hours or any other trading outside the regular trading session hours, of the share on the principal United States securities exchange registered under the Securities Exchange Act of 1934, as amended, on which the share (or any such other security) is listed or admitted to trading. The “Adjustment Factor” means, with respect to a share of a Basket Component (or one unit of any other security for which a Fund Closing Price must be determined), 1.0, subject to adjustment in the event of certain events affecting the shares of such Basket Component. See “Anti-dilution Adjustments Relating To A Basket Component; Alternate Calculation—Anti- dilution Adjustments.” The “Capped Value” is 185% of the Face Amount of this Security. The “Threshold Price” is equal to 60% of the Starting Price.The “Participation Rate” is 150%.

  • Average Market Price means, with respect to any security, the arithmetic average of the Market Price of such security for the 15 consecutive trading day period ending on and including the trading day immediately preceding the determination date.

  • Average Trading Price means, with respect to any period, the average of the Market Prices on the last trading day of each full or partial calendar quarter included within such period.

  • Index Group means the NASDAQ Bank Index.

  • Average Sale Price means the average of the Sale Prices of the Common Stock for the shorter of

  • Opening Average Share Value means the average, over the trading days in the Opening Average Period, of the closing price of a company’s stock multiplied by the Accumulated Shares for each trading day during the Opening Average Period.

  • Index A means the index for the year prior to the

  • GDP price deflator means the average of the four implicit price

  • Average VWAP per Common Unit over a certain period shall mean the arithmetic average of the VWAP per Common Unit for each Trading Day in such period.

  • Final Index Level : means the Closing Level of the FTSE 100 Index on the Investment End Date.

  • Retail Prices Index means the retail prices index for the whole economy of the United Kingdom and for all items as published from time to time by the Office for National Statistics as “RPI” or, if such index shall cease to be published or there is, in the reasonable opinion of the Secretary of State, a material change in the basis of the index or if, at any relevant time, there is a delay in the publication of the index, such other retail prices index as the Secretary of State may, after consultation with the Franchisee, determine to be appropriate in the circumstances;

  • Ask Price means the price at which the Company is willing to sell a CFD.

  • Weighted Average Quotation means, in accordance with the Quotation Method, the weighted average of firm quotations obtained from Dealers at the Valuation Time, to the extent reasonably practicable, each for an amount of the Reference Obligation with an outstanding principal balance (which, for the avoidance of doubt, shall exclude any amounts of capitalised interest) of as large a size as available but less than the Quotation Amount (but of a size equal to the Minimum Quotation Amount or, if quotations of a size equal to the Minimum Quotation Amount are not available, quotations as near in size as practicable to the Minimum Quotation Amount) that in the aggregate are approximately equal to the Quotation Amount and Section 7.11 of the Credit Definitions shall be amended accordingly.