COMMODITY PRICE. 4.1. The Commodity Price shall be calculated in accordance with this paragraph 4. Weekly or Daily Lagged Pricing
COMMODITY PRICE. 1. Except as otherwise specified herein, the general wholesale price at which the seller supplies goods to the buyer is 40% of the selling prices of the seller’s products (except for corporate literature, product literature, audiovisual products and publicity materials).
COMMODITY PRICE for All Other Quantities Within MDQ --------------------------------------------------- 3.1.1
COMMODITY PRICE. 13 4.1 First of the Month Commodity Price......................... 13 4.2 Description of Sources of Supply........................... 13 4.3 Split Connect Committed Gas................................ 14 4.4 Split Connect Committed Gas Price.......................... 14 4.4.1 Effect of Capacity Constraints...................... 15 4.4.2 Measurement Capacity Constraints.................... 15 4.5 Firm Market Split Connect Committed Gas.................... 16
COMMODITY PRICE. 4.1 First of the Month Commodity Price. The commodity price paid by NGC to CUSA for each MMBtu of Committed Gas delivered to NGC shall be based on prevailing index prices reported in commercial publications, will change each Month, and will vary by Source of Supply and Delivery Point. The "First of the Month Commodity Price" of Committed Gas produced from a given Source of Supply shall be the index price reported in the first issue of the designated commercial publication published in the Month of delivery in the designated table, heading and entry in that table ("Published Index Price"), plus or minus adjustments applicable to that Source of Supply, including, without limitation, deduction of gathering and transportation charges (collectively "Index Price Adjustments"), and the premium, if any (the "Premium"). Prior to delivery of Committed Gas under this Agreement, CUSA and NGC shall agree on (i) the Published Index Price that will form the basis of the First of the Month Commodity Price of the Committed Gas delivered to the applicable Delivery Point; (ii) the Index Price Adjustments, if any, to the published index price necessary to arrive at the First of the Month Commodity Price; and (iii) the Premium, if any. The substitution of a new Published Index Price (or a change in the table, heading and entry) or a modification of the Index Price Adjustment also requires the agreement of CUSA and NGC. Although the Parties will strive to reduce agreements substituting a new Published Index Price or modifying an Index Price Adjustment to writing, the Parties recognize that market conditions may require prompt action. Consequently, oral agreements substituting a new Published Index Price or modifying an Index Price Adjustment will be effective until reduced to writing. The Parties agree to exercise best efforts to reduce such oral agreements to writing within thirty Days of reaching agreement. The First of the Month Commodity Price shall be calculated each Month during the term of this Agreement and shall remain in effect during the entire Month unless the Parties agree to change the First of the Month Commodity Price during the course of the Month.
COMMODITY PRICE. Subject to the further provisions hereof, for each MMBtu of gas delivered or for which payment is due hereunder, Buyer shall pay Seller a price to be agreed upon between the parties on or before the sixth working day prior to the end of a month preceding deliveries ("Commodity Price"), provided that if the parties fail to reach agreement as to a Commodity Price, such price shall be determined in accordance with Section 5.3.
COMMODITY PRICE. The commodity price for the Line Fill Oil shall equal (i) the market value of the actual volume of Line Fill Oil sold to MSCG by Xxxx on the Purchase Date (the "Purchase Date Volume"), which shall be based on the average of the front line NYMEX settlement price per barrel for WTI posted on September 16, 2003 through September 18, 2003, inclusive, plus and (ii) a per Barrel spread differential as mutually agreed by the Parties by 5:00 pm EST September 19, 2002, multiplied by the Purchase Date Volume.
COMMODITY PRICE. The price per MMBtu payable hereunder for firm volumes delivered each month shall be the price identified under the heading “Hxxxx Hub” as published in the first of the month edition of Pxxxx’x “Inside FERC’s Gas Market Report”. In the event such index price is unavailable, or such index price is no longer representative of the market, the firm commodity price shall be derived from a mutually agreed upon replacement or substitute publication, or in the event that a substitute or replacement publication is not available, by some other mutually agreed methodology.
COMMODITY PRICE. The price per MMBtu payable hereunder for interruptible volumes delivered each month shall be the daily index price identified under the heading “Southern Natural Gas” as published in Pxxxx’x “Gas Daily”. In the event such index price is unavailable, or such index price is no longer representative of the market, the interruptible commodity price shall be derived from a mutually agreed upon replacement or substitute publication, or in the event that a substitute or replacement publication is not available, by some other mutually agreed methodology.
COMMODITY PRICE. Delete Sub-clause 5.1 (b), as amended, in its entirety and replace with the following: "The Commodity Price shall equal the following:
