Spread Products Sample Clauses

The 'Spread Products' clause defines the terms and conditions governing financial instruments whose value is derived from the difference, or spread, between two or more underlying prices, rates, or indices. This clause typically outlines which types of spread products are covered, such as credit default swaps or interest rate spreads, and specifies the calculation methods, settlement procedures, and any relevant limitations or exclusions. Its core practical function is to ensure both parties have a clear understanding of how spread products are handled within the agreement, thereby reducing ambiguity and mitigating potential disputes related to these complex financial instruments.
Spread Products. 13.6.1. Overview (a) An Order for a Spread Product represents an offer to enter into both (but not either) a Physical Gas Transaction as a Buyer for delivery at one location and an offer to enter into a second Physical Gas Transaction as a Seller for delivery at another location. (b) An Order for a Spread Product can be made in the same way as an Order for any other Product. (c) A Spread Product comprises a Base Product at one location and a Premium Product at the other location.
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Spread Products. 13.7.1. Overview (a) An Order for a Spread Product represents an offer to enter into both (but not either) a Physical Gas Transaction as a Buyer for delivery at one location and an offer to enter into a second Physical Gas Transaction as a Seller for delivery at another location. (b) An Order for a Spread Product can be made in the same way as an Order for any other Product. (c) A Spread Product comprises a Base Product at one location and a Premium Product at the other location. (d) Acceptance of a Spread Product results in a Transaction in each of the Base Product and the Premium Product. (e) Products are identified as Premium Products and Base Products as a market convention in order to calculate the Price for each Resulting Transaction. This market convention results in the Spread Product having a positive Spread Product Price when the Premium Product has a higher price than the Base Product and a negative Spread Product Price when the Base Product has a higher price than the Premium Product.
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Spread Products 
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Related to Spread Products

  • Licensed Products Lessee will obtain no title to Licensed Products which will at all times remain the property of the owner of the Licensed Products. A license from the owner may be required and it is Lessee's responsibility to obtain any required license before the use of the Licensed Products. Lessee agrees to treat the Licensed Products as confidential information of the owner, to observe all copyright restrictions, and not to reproduce or sell the Licensed Products.

  • Recycled Products The Contractor agrees to comply with all the requirements of Section 6002 of the Resource Conservation and Recovery Act (RCRA), as amended (42 U.S.C. 6962), including but not limited to the regulatory provisions of 40 CFR Part 247, and Executive Order 12873, as they apply to the procurement of the items designated in Subpart B of 40 CFR Part 247. References: 42 U.S.C. 6962, 40 CFR Part 247, Executive Order 12873 (More than $10,000)

  • Combination Products If a LICENSED PRODUCT is sold to any third party in combination with other products, devices, components or materials that are capable of being sold separately and are not subject to royalties hereunder (“OTHER PRODUCTS,” with the combination of products being referred to as “COMBINATION PRODUCTS” and the Other Product and Licensed Product in such Combination Product being referred to as the “COMPONENTS”), the NET SALES of such LICENSED PRODUCT included in such COMBINATION PRODUCT shall be calculated by multiplying the NET SALES of the COMBINATION PRODUCT by the fraction A/(A+B), where A is the average NET SALES price of such LICENSED PRODUCT in the relevant country, as sold separately, and B is the total average NET SALES price of all OTHER PRODUCTS in the COMBINATION PRODUCT in the relevant country, as sold separately. If, in any country, any COMPONENT is not sold separately, NET SALES for royalty determination shall be determined by the formula [C / (C+D)], where C is the aggregate average fully absorbed cost of the Licensed Product components during the prior Royalty Period and D is the aggregate average fully absorbed cost of the other essential functional components during the prior Royalty Period, with such costs being determined in accordance with generally accepted accounting principles. To the extent that any SUBLICENSE INCOME relates to a COMBINATION PRODUCT or is otherwise calculated based on the value of one or more licenses or intellectual property rights held by the COMPANY, an AFFILIATE or SUBLICENSEE, COMPANY shall determine in good faith and report to THE PARTIES the share of such payments reasonably attributable to COMPANY’s or such AFFILIATE’s sublicense of the rights granted hereunder, based upon their relative importance and proprietary protection, which portion shall be the SUBLICENSE INCOME. THE PARTIES shall have the right to dispute such sharing determination in accordance with the dispute provisions of the AGREEMENT.

  • New Products You agree to comply with NASD Notice to Members 5-26 recommending best practices for reviewing new products.

  • Licensed Product The term “Licensed Product” shall mean any product (a) the manufacture, use, importation, sale or offer for sale of which would, in the absence of the license granted by this Agreement, infringe a Valid Claim of any of the Licensed Patent Rights, or (b) that is comprised of, utilizes or incorporates Licensed Biological Materials, or (c) that is discovered, developed or made using a Licensed Process.