TCPL Transportation Component definition

TCPL Transportation Component means an amount equal to (1) the Estimated TCPL Transportation Component plus (2) the product of -US$300,000 times the TCPL Rate Percent Differential. An example of this calculation is shown on Appendix C. Notwithstanding the foregoing, the Termination Payment shall be at least twenty-two million U.S. dollars (US$22,000,000) but shall in no event exceed twenty-eight million U.S. dollars (US$28,000,000).
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TCPL Transportation Component has the meaning set forth in Section 3.2. "Termination Election Date" has the meaning set forth in Section 3.1. "Termination Payment" means the amount to be paid by NJEA to ProGas in consideration for the termination of the Contract on the Contract Termination Date, as determined as set forth in Section 3.2, consisting of the sum of the Commodity Component and the TCPL Transportation Component, the spreadsheet showing the final calculations of which shall be attached hereto as Appendix D. "Termination Payment Calculation Date" has the meaning set forth in Section 3.1. "Valuation Option Period" means the thirty (30) calendar-day period beginning fifteen (15) calendar days prior to and including the Termination Election Date and ending fifteen calendar days from the Termination Election Date. For example, if the Termination Election Date is December 16, 2002, the Valuation Option Period would begin December 1, 2002 and end December 30, 2002. "Visible Market" means for any NYMEX ▇▇▇▇▇ Hub Gas Price during any year, the Published Values or the Broker Quotes meeting the criteria set forth in Section 3.4(a)(ii). 1.2
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Examples of TCPL Transportation Component in a sentence

  • The Termination Payment shall equal the sum of the Commodity Component and the TCPL Transportation Component.

  • The "TCPL Transportation Component" means an amount equal to (1) the Estimated TCPL Transportation Component plus (2) the product of -US$300,000 times the TCPL Rate Percent Differential.

  • If there have been no changes in the rates, the TCPL Rate Percent Differential shall equal zero for purposes of calculating the TCPL Transportation Component.