How is Realized Price defined in a legal contract?
- Realized Price means the cash market price minus all predicted quality, transport, and demand modifications. Seen in 4 SEC filings.
- Realized Price means the value of Crude Oil FOB, actually received in freely convertible currency, at the Delivery Point. Seen in 2 SEC filings.
- Realized Price means the total of the Monthly PTID Revenues for each PTID Node, divided by the Total PTID Volume. However, if the Total PTID Volume for any Calculation Period is zero, then the Realized Price for that Calculation Period will be the same as the Floating Price. Seen in 2 SEC filings.
- Realized Price means the value of Crude Oil FOB, actually received in freely exchangeable currency at Arm's Length Transaction for each transaction at the Delivery Point. Seen in 1 SEC filing.
Which definition should you use?
🤔 Our AI Legal Assistant has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.
Genie Definition 1
Realized Price means the cash value after predicting transport, quality, and demand reductions.
Relevant Contract Type
Relevant Circumstances
- Bulk purchases of raw materials
- Sale of finished goods to a customer
- Long term supply or purchase contracts
Relevant Sectors
Genie Definition 2
Realized Price means the value of a freely exchangeable currency, received at a transaction point.
Relevant Contract Type
Relevant Circumstances
- Cross-border transactions
- Forex trading
Relevant Sectors
Genie Definition 3
Realized Price means the total revenues over the volume for each transaction, with zero volume equalling a floating price.
Relevant Contract Type
Relevant Circumstances
- Energy production and sales
- Volume-based contracts
Relevant Sectors
Realized Price means the cash value after predicting transport, quality, and demand reductions
Are you creating, reviewing or negotiating a document?
Genie is the way the world agrees. Know market standards, set your rules, and close deals 70% faster by autotransacting on standard terms while negotiating only what matters.
Whether you're creating from scratch, need a trusted template, want to edit or review an existing document or get simple explanations to complex legal questions, try Genie for free.
Whether you're creating from scratch, need a trusted template, want to edit or review an existing document or get simple explanations to complex legal questions, try Genie for free.
.png)
.png)
