Below Index Sales Exposure definition

Below Index Sales Exposure means (the maximum volume of gas required to be sold at below index prices multiplied by the discount from index), minus (the net positive value of all hedge contracts related to the utilization of the related storage & transportation assets).
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Below Index Sales Exposure has the meaning ascribed to such term in Section 8.11 hereof.
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Examples of Below Index Sales Exposure in a sentence

  • At no time will the Borrower allow the sum of the following: (a) 25% of the Borrower's Net Position Value, plus (b) Borrower's Transportation and Storage Exposure, plus (c) Borrower's Below Index Sales Exposure, to exceed 33% of Borrower's Net Working Capital at such time, where,..........................................................................................

Related to Below Index Sales Exposure

  • Below Investment Grade means, with respect to any Series of RVMTP Shares and as of any date, the following ratings with respect to each Rating Agency (to the extent it is a Rating Agency on such date):

  • Very Low Income means 30 percent or less of the median gross

  • Eligible low-income customer means a customer whose household income does not exceed 150% of the poverty level, as published by the United States department of health and human services, or who receives any of the following:

  • Low-income customer means those energy consumer households and families with incomes at

  • Low-income means the adjusted income for a Family which does not exceed 80 percent of the area median income.