Applicable Index Price definition

Applicable Index Price means the gas sales price index for each System, expressed in dollars per MMBTU, as set forth in the table in Section 4 below.
View Source
Applicable Index Price means for any Eligible Inventory as of any day, the applicable index price for such specific Eligible Inventory set forth on Schedule 1.01(a) attached hereto as of the last Business Day of the week immediately preceding such day.
View Source
Applicable Index Price with respect to volumes of propane, isobutane and normal butane, means the arithmetic average for the five calendar day period immediately prior to the Closing Date of the daily high and low Mont Belvieu TET price for each of propane, isobutane and normal butane, respectively; and, with respect to volumes of natural gasoline, the arithmetic average for the five calendar day period immediately prior to the Closing Date of the daily high and low Mont Belvieu non-TET price for natural gasoline, in each case as reported by Oil Price Information Service.
View Source

Examples of Applicable Index Price in a sentence

  • If at any time either a Shipper or Gatherer, in good faith, believes that the Applicable Index Price for a System is not indicative of the prices received by Shippers for Shippers’ Gas sold at the Delivery Points on such System, or if any such Applicable Index Price ceases to be published or the specific postings relative to such System are no longer published, then the Shipper or Gatherer shall propose a replacement Applicable Index Price subject to Shipper Supermajority Approval.

Related to Applicable Index Price

  • Index Price on a given date shall mean the weighted average (weighted in accordance with the factors listed above) of the closing prices of the companies composing the Index Group.

  • Final Index Price means the average of the Index Prices for the 20 consecutive full trading days ending on the trading day prior to the Determination Date.

  • Index Value means, in relation to any Reference Rate Business Day:

  • Treasury Index Rate means the average yield to maturity for actively traded marketable fixed interest rate U.S. Treasury Securities having the same number of 30-day periods to maturity as the length of the applicable Dividend Period, determined, to the extent necessary, by linear interpolation based upon the yield for such securities having the next shorter and next longer number of 30-day periods to maturity treating all Dividend Periods with a length greater than the longest maturity for such securities as having a length equal to such longest maturity, in all cases based upon data set forth in the most recent weekly statistical release published by the Board of Governors of the Federal Reserve System (currently in H.15(519)); provided, however, if the most recent such statistical release shall not have been published during the 15 days preceding the date of computation, the foregoing computations shall be based upon the average of comparable data as quoted to the Corporation by at least three recognized dealers in U.S. Government Securities selected by the Corporation.

  • Average value means the value which best represents the amount of the nutrient which a given food contains, and reflects allowances for seasonal variability, patterns of consumption and other factors which may cause the actual value to vary.