Common use of Index Price Clause in Contracts

Index Price. The Index Price for any Month shall mean the price per MMBtu,‌ stated in U.S. dollars, as published in the first issue for the Month (including corrections thereto in later issues) in which the event occurred that required calculation of the Index Price, of Inside FERC’s Gas Market Report, a publication of S&P Global Platts, a division of S&P Global, in the section “Monthly Bidweek Spot Gas Prices – Platts Locations ($/MMBtu)”, under the heading “Louisiana/Southeast” (or any successor heading) and “Southern Natural, La.” under the column “Index”, as applicable and identified on Exhibit B. If Inside FERC’s Gas Market Report should cease to publish such first-of-the-month index prices or should cease to be published entirely, the Index Price shall be the price per MMBtu, stated in U.S. dollars, for Gas to be delivered at the Delivery Point during the applicable Month as set forth in an alternative index as determined under Section 18.11 of the Prepaid Agreement.

Index Price. The Index Price for any Month shall mean the price per MMBtu,‌ stated in U.S. dollars, as published in the first issue for the Month (including corrections thereto in later issues) in which the event occurred that required calculation of the Index Price, of Inside FERC’s Gas Market Report, a publication of S&P Global Platts, a division of S&P Global, in the section “Monthly Bidweek Spot Gas Prices – Platts Locations ($/MMBtu)”, under the heading “Louisiana/Southeast” (or any successor heading) and for “Southern NaturalFlorida Gas, La.” zone 3”, under the column “Index”, as applicable and identified on Exhibit B. . If Inside FERC’s Gas Market Report should cease to publish such first-of-the-month index prices or should cease to be published entirely, the Index Price shall be the price per MMBtu, stated in U.S. dollars, for Gas to be delivered at the Delivery Point during the applicable Month as set forth in an alternative index as determined under Section 18.11 of the Prepaid Agreement. TEAC shall provide Purchaser the opportunity to offer its recommendations and other input to TEAC for TEAC’s use in the process under Section 18.11 of the Prepaid Agreement.