Common use of Adjustment for BTU Value Clause in Contracts

Adjustment for BTU Value. If the BTU Value of the coal shipment is between xx,xxx BTU/LB and xx,xxx BTU/LB there will be no adjustment for BTU Value variation. If the BTU Value is less than xx,xxx BTU/LB or greater than xx,xxx BTU/LB, the Price for a shipment shall be adjusted, based upon variations from the xx,xxx BTU/LB BTU Value, as follows: (a) For a coal shipment with a BTU Value greater than xx,xxx BTU/LB, a premium shall be paid by Buyer to Seller at the rate of $x.xx per xxx BTU/LB, fractions pro rata; or (b) For a coal shipment with a BTU Value less than xx,xxx BTU/LB, a penalty shall be deducted from the Price at the rate of $x.xx per xxx BTU/LB, fractions pro rata. Section 3.

Adjustment for BTU Value. If the BTU Value of the coal shipment is between xx,xxx BTU/LB and xx,xxx BTU/LB there will be no adjustment for BTU Value variation. If the BTU Value is less than xx,xxx BTU/LB or greater than xx,xxx BTU/LB, the Base Price for a shipment shall be adjusted, based upon variations from the xx,xxx BTU/LB BTU Value, as follows: (a) For a coal shipment with a BTU Value greater than xx,xxx BTU/LB, a premium shall be paid by Buyer to Seller at the rate of $x.xx per xxx BTU/LB, fractions pro rata; or (b) For a coal shipment with a BTU Value less than xx,xxx BTU/LB, a penalty shall be deducted from the Base Price at the rate of $x.xx per xxx BTU/LB, fractions pro rata. Section 3.

Adjustment for BTU Value. If the BTU Value of the coal shipment is between xxXX,xxx XXX BTU/LB and xxXX,xxx XXX BTU/LB there will be no adjustment for BTU Value variation. If the BTU Value is less than xxXX,xxx XXX BTU/LB or greater than xxXX,xxx XXX BTU/LB, the Price for a shipment shall be adjusted, based upon variations from the xx,xxx 13,000 BTU/LB BTU Value, as follows: (a) For a coal shipment with a BTU Value greater than xxXX,xxx XXX BTU/LB, a premium shall be paid by Buyer to Seller at the rate of $x.xx X.XX per xxx XXX BTU/LB, fractions pro rata; or (b) For a coal shipment with a BTU Value less than xxXX,xxx XXX BTU/LB, a penalty shall be deducted from the Price at the rate of $x.xx X.XX per xxx XXX BTU/LB, fractions pro rata. Section 3.

Adjustment for BTU Value. If the BTU Value of the coal shipment is between xxXX,xxx XXX BTU/LB and xxXX,xxx XXX BTU/LB there will be no adjustment for BTU Value variation. If the BTU Value is less than xxXX,xxx XXX BTU/LB or greater than xxXX,xxx XXX BTU/LB, the Base Price for a shipment shall be adjusted, based upon variations from the xx,xxx 13,100 BTU/LB BTU Value, as follows: (a) For a coal shipment with a BTU Value greater than xxXX,xxx XXX BTU/LB, a premium shall be paid by Buyer to Seller at the rate of $x.xx X.XX per xxx XXX BTU/LB, fractions pro rata; or (b) For a coal shipment with a BTU Value less than xxXX,xxx XXX BTU/LB, a penalty shall be deducted from the Base Price at the rate of $x.xx X.XX per xxx XXX BTU/LB, fractions pro rata. Section 3.