Tailgate Price definition
Tailgate Price has the meaning set forth in Exhibit C.
Tailgate Price has the meaning set forth in Exhibit C. “Term” has the meaning set forth in Section 9.1(a). “Term Purchase Agreements” has the meaning set forth in Section 4.3. “Term Purchase Margin” has the meaning set forth in Exhibit C. “Term Purchase TUA” has the meaning given such term in the Tri-Party Agreement. “Termination Date” has the meaning set forth in Section 9.1(a). “Termination (Default) Notice” means a written notice of termination delivered by the non-defaulting Party pursuant to Section 9.4. “Termination Settlement Statement” means a statement setting forth, in reasonable detail, the summary information for each transaction entered into pursuant to this Agreement during the Term and the related calculations made pursuant to the terms of this Agreement. “Transfer” means payment or delivery by wire transfer to Party’s bank account as specified in Section 14.9 in immediately available funds not later than (i) if a demand for the Transfer is made by the Notification Time, then the relevant Transfer will be made not later than the close of business on the next Business Day; and (ii) if a demand is made after the Notification Time, then the relevant Transfer will be made not later that the close of business on the second (2nd) Business Day following demand by such Party. 7 “Tri-Party Agreement” has the meaning set forth in the fourth Whereas clause of this Agreement. “TUA Agreement” has the meaning set forth in the first Whereas clause of this Agreement. “Valuation Date” means each Business Day during the Term. “Valuation Time” means the close of business (5:00 p.m.) in New York, New York on the Business Day immediately preceding the Valuation Date or date of calculation, as applicable. “Volume Statement Report” has the meaning set forth in Section 3.1. 1.2
Examples of Tailgate Price in a sentence
CMI shall prepay LNGCo for such LNG inventory five (5) Business Days prior to the effective date of the title transfer for such LNG inventory based on LNGCo’s reasonable estimate of the Tailgate Price.
Title to such LNG inventory purchased by CMI pursuant to the option shall pass from LNGCo to CMI on the final day of the calendar month of the Term, or such other day as the Parties may agree, at the Tailgate Price.