WTI Contract definition

WTI Contract means a futures contract for the purchase or sale of light “sweet” crude oil for future delivery in Cushing, Oklahoma and which is subject to the Rules of NYMEX;
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Examples of WTI Contract in a sentence

  • The WTI differential (the “WTI Differential”) shall be equal to the difference between the Contract Price and the weighted average of the WTI Contract(s) corresponding to the subject Crude Oil Lot, or portion thereof, where the WTI Contract prices are the settlement prices over the days the Contract Price is determined.

  • If Coffeyville fails to nominate any WTI Contracts within such time frame, the second-line WTI Contract shall be deemed to be the WTI Price for the subject Crude Oil Lot.

  • Coffeyville may at any time change a WTI Contract by notifying Vitol of the new WTI Contract.

  • Absent any instructions from Coffeyville to the contrary, the Parties agree that an expiring WTI Contract will roll to the next succeeding month contract, effective on the first (1st) Business Day prior to the day of expiration of such WTI Contract.

  • In the event that Coffeyville nominates more than one WTI Contract, Coffeyville will designate the percentage of the Crude Oil Lot applicable to each WTI Contract, with the total of all such percentages to equal one hundred percent (100%).

  • Absent any instructions from CVR to the contrary, the Parties agree that an expiring WTI Contract will roll to the next succeeding month contract.

  • CVR may at any time change a WTI Contract by notifying Gunvor of the new WTI Contract.

  • Crude Oil Lot applicable to each WTI Contract, with the total of all such percentages to equal one hundred percent (100%).

  • Delivery under an ICE Permiana Midland WTI Contract is based on open contract positions at close of trading on the Last Trading Day for which physical delivery is specified as applicable in the relevant Contract Terms and which go to physical delivery on the expiry date.

  • In the event that Coffeyville nominates more than one WTI Contract, Coffeyville will designate the percentage of the PORTIONS OF THIS AGREEMENT DENOTED WITH THREE ASTERISKS (***) HAVE BEEN OMITTED AND WILL BE SUBJECT TO A REQUEST FOR CONFIDENTIAL TREATMENT WITH THE SECURITIES AND EXCHANGE COMMISSION Crude Oil Lot applicable to each WTI Contract, with the total of all such percentages to equal one hundred percent (100%).

Related to WTI Contract

  • sub-contract means the primary contractor’s assigning, leasing, making out work to, or employing, another person to support such primary contractor in the execution of part of a project in terms of the contract;

  • O&M Contract means the operation and maintenance contract that may be entered into between the Concessionaire and the O&M Contractor for performance of all or any of the O&M obligations;

  • CFD Contract or "CFD" shall mean a contract which is a contract for difference by reference to fluctuations in the price of the relevant security or index;

  • Customer Contract means the terms and conditions that Customer accepts to receive access to and use the applicable Offering.

  • Project Contract means any Contract, excluding this Agreement and, as and when executed, the Ancillary Agreements [reserved], to which Seller is a party, or by which Seller or any of the Project Assets is bound, that relates to or has the primary purpose of supporting the Work or the Project, including, for the avoidance of doubt, any Contract pursuant to which Seller or any of its Affiliates is granted a real property or other interest in the Project Site (in whole or in part) or is licensed or granted the right to use, or holds or possesses, any Project Intellectual Property Rights.