Common use of Adjusted Fixed Price Component Clause in Contracts

Adjusted Fixed Price Component. (i) The Fixed Price Component is $***** per Ton of Coke. (ii) The Parties acknowledge that Coke production depends upon the moisture content of each Coal Blend. Accordingly, the Fixed Price Component shall be adjusted (increased or decreased) based upon the Weighted Average moisture content of the Coals comprising each Coal Blend for the applicable Month. Accordingly, if the actual Weighted Average moisture content of such Coal Blend Tonnage exceeds *****%, then for each *****% increment thereof in excess of *****%, the Fixed Price Component shall be correspondingly increased by *****%. Conversely, if the actual Weighted Average moisture content of such Coal Blend Tonnage is less than *****%, then for each *****% increment thereof less than *****%, the Fixed Price Component shall be correspondingly reduced by *****%. By way of example, if the actual Weighted Average moisture content of the Coal Blend is *****%, then such adjusted Fixed Price Component (the “Adjusted Fixed Price Component”) is $***** (namely, the sum of the (i) Fixed Price Component plus the (ii) product of the Fixed Price Component multiplied by *****%). Conversely, and by way of example, if the actual Weighted Average moisture content of the Coal Blend is *****%, then such Adjusted Fixed Price Component is $***** (namely, the sum of (i) Fixed Price Component minus the (ii) product of the Fixed Price Component multiplied by *****%).

Appears in 5 contracts

Samples: Coke Purchase Agreement, Coke Purchase Agreement (SunCoke Energy Partners, L.P.), Coke Purchase Agreement (SunCoke Energy Partners, L.P.)

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Adjusted Fixed Price Component. (i) The Fixed Price Component is $$ ***** per Ton of Coke. (ii) The Parties acknowledge that Coke production depends upon the moisture content of each Coal Blend. Accordingly, the Fixed Price Component shall be adjusted (increased or decreased) based upon the Weighted Average moisture content of the Coals comprising each Coal Blend for the applicable Month. Accordingly, if the actual Weighted Average moisture content of such Coal Blend Tonnage exceeds ****** %, then for each ****** % increment thereof in excess of ****** %, the Fixed Price Component shall be correspondingly increased by ****** %. Conversely, if the actual Weighted Average moisture content of such Coal Blend Tonnage is less than ****** %, then for each ****** % increment thereof less than ****** %, the Fixed Price Component shall be correspondingly reduced by ****** %. By way of example, if the actual Weighted Average moisture content of the Coal Blend is ****** %, then such adjusted Fixed Price Component (the “Adjusted Fixed Price Component”) is $$ ***** (namely, the sum of the (i) Fixed Price Component plus the (ii) product of the Fixed Price Component multiplied by ****** %). Conversely, and by way of example, if the actual Weighted Average moisture content of the Coal Blend is ****** %, then such Adjusted Fixed Price Component is $$ ***** (namely, the sum of (i) Fixed Price Component minus the (ii) product of the Fixed Price Component multiplied by ****** %).

Appears in 1 contract

Samples: Coke Purchase Agreement (SunCoke Energy, Inc.)

Adjusted Fixed Price Component. (i) The Fixed Price Component is $***** per Ton of Coke. (ii) The Parties acknowledge that Coke production depends upon the moisture content of each Coal Blend. Accordingly, the Fixed Price Component shall be adjusted (increased or decreased) based upon the Weighted Average moisture content of the Coals comprising each Coal Blend for the applicable Month. Accordingly, if the actual Weighted Average moisture content of such Coal Blend Tonnage exceeds ****** %, then for each ****** % increment thereof in excess of ****** %, the Fixed Price Component shall be correspondingly increased by ****** %. ***** Conversely, if the actual Weighted Average moisture content of such Coal Blend Tonnage is less than ****** %, then for each ****** % increment thereof less than ****** %, the Fixed Price Component shall be correspondingly reduced by ****** %. By way of example, if the actual Weighted Average moisture content of the Coal Blend is ****** %, then such adjusted Fixed Price Component (the “Adjusted Fixed Price Component”) is $$ ***** (namely, the sum of the (i) Fixed Price Component plus the (ii) product of the Fixed Price Component multiplied by ****** %). Conversely, and by way of example, if the actual Weighted Average moisture content of the Coal Blend is ****** %, then such Adjusted Fixed Price Component is $$ ***** (namely, the sum of (i) Fixed Price Component minus the (ii) product of the Fixed Price Component multiplied by ****** %).

Appears in 1 contract

Samples: Coke Purchase Agreement (SunCoke Energy, Inc.)

Adjusted Fixed Price Component. (i) The Fixed Price Component is $***** per Ton of Coke. (ii) The Parties acknowledge that Coke production depends upon the moisture content of each Coal Blend. Accordingly, the Fixed Price Component shall be adjusted (increased or decreased) based upon the Weighted Average moisture content of the Coals comprising each Coal Blend for the applicable Month. Accordingly, if the actual Weighted Average moisture content of such Coal Blend Tonnage exceeds *****%, then for each *****% * increment thereof in excess of *****%, the Fixed Price Component shall be correspondingly increased by *****%. Conversely.*****Conversely, if the actual Weighted Average moisture content of such Coal Blend Tonnage is less than *****%, then for each *****% increment thereof less than *****%, the Fixed Price Component shall be correspondingly reduced by *****%. By way of example, if the actual Weighted Average moisture content of the Coal Blend is *****%, then such adjusted Fixed Price Component (the “Adjusted Fixed Price Component”) is $***** *(namely, the sum of the (i) Fixed Price Component plus the (ii) product of the Fixed Price Component multiplied by *****%). Conversely, and by way of example, if the actual Weighted Average moisture content of the Coal Blend is *****%, then such Adjusted Fixed Price Component is $***** *(namely, the sum of (i) Fixed Price Component minus the (ii) product of the Fixed Price Component multiplied by *****%).

Appears in 1 contract

Samples: Coke Purchase Agreement (SunCoke Energy, Inc.)

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Adjusted Fixed Price Component. (i) The Fixed Price Component is $***** per Ton of Coke. (ii) The Parties acknowledge that Coke production depends upon the moisture content of each Coal Blend. Accordingly, the Fixed Price Component shall be adjusted (increased or decreased) based upon the Weighted Average moisture content of the Coals comprising each Coal Blend for the applicable Month. Accordingly, if the actual Weighted Average moisture content of such Coal Blend Tonnage exceeds *****%, then for each *****% increment thereof in excess of *****%, the Fixed Price Component shall be correspondingly increased by *****%. Conversely, if the actual Weighted Average moisture content of such Coal Blend Tonnage is less than *****%, then for each *****% increment thereof less than *****%, the Fixed Price Component shall be correspondingly reduced by *****%. By way of example, if the actual Weighted Average moisture content of the Coal Blend is *****%, then such adjusted Fixed Price Component (the “Adjusted Fixed Price Component”) is $***** *(namely, the sum of the (i) Fixed Price Component plus the (ii) product of the Fixed Price Component multiplied by *****%). Conversely, and by way of example, if the actual Weighted Average moisture content of the Coal Blend is *****%, then such Adjusted Fixed Price Component is $***** (namely, the sum of (i) Fixed Price Component minus the (ii) product of the Fixed Price Component multiplied by *****%).

Appears in 1 contract

Samples: Coke Purchase Agreement (SunCoke Energy, Inc.)

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