Negative Pricing Clause Samples

The Negative Pricing clause defines how parties will handle situations where the price of a commodity or service falls below zero, resulting in a scenario where sellers may need to pay buyers to take delivery. In practice, this clause outlines the calculation methods, settlement procedures, and obligations of each party if negative pricing occurs, ensuring that contracts remain enforceable and clear even in volatile markets. Its core function is to allocate risk and provide certainty by preemptively addressing the rare but impactful event of negative market prices, thereby preventing disputes and confusion.
Negative Pricing. The Company’s proprietary and non-proprietary platforms do not support sub-zero prices. Therefore, the Company does not allow the trading of sub-zero (negative) prices. Where the prices of any financial instrument collapse in sub-zero (negative) prices, the Company is obliged to disable the trading for the specific instrument and as a result closure of the existing positions at zero price for the instrument affected will occur. For more information, please download our Risk Disclaimer Policy
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Negative Pricing. 12.1 Upon a Negative Price Period, the Support Counterparty shall require the Seller not to generate in accordance with the Applicable Laws. If the Seller`s generation is partly or totally curtailed due to Negative Price Period(s) as per this clause for an aggregated amount of settlement periods higher than [■], the Seller is entitled to a compensation by the Support Counterparty for an amount equal to: [the product of: (i) Electricity Price and (ii) the Final Nominated Output for the curtailed volumes]. If compensation as per this clause applies, the Support Counterparty may require the Seller to comply with forecast accuracy requirements as per 7.17 mutandis mutandis. 12.2 Any Curtailment during a Negative Price Period will be included in excused hours for the purposes of the Availability Guarantee, and excused production for the purposes of the Performance Guarantee.]
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Related to Negative Pricing

  • TIPS Pricing Vendor agrees and understands that for each TIPS Contract that it holds, Vendor submitted, agreed to, and received TIPS’ approval for specific pricing, discounts, and other pricing terms and incentives which make up Vendor’s TIPS Pricing for that TIPS Contract (“TIPS Pricing”). Vendor confirms that Vendor will not add the TIPS Administration Fee as a charge or line-item in a TIPS Sale. Vendor hereby certifies that Vendor shall only offer goods and services through this TIPS Contract if those goods and services are included in or added to Vendor’s TIPS Pricing and approved by TIPS. TIPS reserves the right to review Vendor’s pricing update requests as specifically as line-item by line-item to determine compliance. However, Vendor contractually agrees that all submitted pricing updates shall be within the original terms of the Vendor’s TIPS Pricing (scope, proposed discounts, price increase limitations, and other pricing terms and incentives originally proposed by Vendor) such that TIPS may accept Vendors price increase requests as submitted without additional vetting at TIPS discretion. Any pricing quoted by Vendor to a TIPS Member or on a TIPS Quote shall never exceed Vendor’s TIPS Pricing for any good or service offered through TIPS. TIPS Pricing price increases and modifications, if permitted, will be honored according to the terms of the solicitation and Vendor’s proposal, incorporated herein by reference.

  • Unit Pricing If required by the Bid Specifications, the Bidder should insert the price per unit specified and the price extensions in decimals, not to exceed four places for each item unless otherwise specified, in the Bid. In the event of a discrepancy between the unit price and the extension, the unit price shall govern unless, in the sole judgment of the Commissioner, such unit pricing is obviously erroneous.

  • Pricing The Contractor will not exceed the pricing set forth in the Contract documents.

  • PRICING STRUCTURE DEFINITIONS ALC means Annual License Charge which is a yearly charge. For the first year of each license of each DS Offering, ALC is due together with the PLC or TBL, as applicable. Payment of the ALC for a DS Offering entitles Customer to (i) Support Services for the DS Offering for one (1) year and (ii) a license (subject to the conditions set forth in the Agreement) to use the Release(s) of such DS Offering made available by DS during such year, in lieu of the license(s) on the previous Release(s) of the DS Offering delivered to Customer. The applicable price for the ALC for any given year is the price of the previous year plus the last percentage of increase applicable to the license of a DS Offering in a given country, as published at ▇▇▇▇://▇▇▇.▇▇▇.▇▇▇/terms/price at least ninety (90) days before renewal date. However, such increase shall not exceed the increase which would have resulted from the revision of the price of the ALC according to the applicable price index since the date of the last price increase published by DS at ▇▇▇▇://▇▇▇.▇▇▇.▇▇▇/terms/price for the related DS Offering.

  • HOT LIST PRICING At any time during this Contract, Supplier may offer a specific selection of Equipment, Products, or Services at discounts greater than those listed in the Contract. When Supplier determines it will offer Hot List Pricing, it must be submitted electronically to Sourcewell in a line-item format. Equipment, Products, or Services may be added or removed from the Hot List at any time through a Sourcewell Price and Product Change Form as defined in Article 4 below. Hot List program and pricing may also be used to discount and liquidate close-out and discontinued Equipment and Products as long as those close-out and discontinued items are clearly identified as such. Current ordering process and administrative fees apply. Hot List Pricing must be published and made available to all Participating Entities.