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 Base Price for a shipment shall be adjusted, based upon variations from the 13,100 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 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 13,100 13,000 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 Base Price for a shipment shall be adjusted, based upon variations from the 13,100 xx,xxx 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.

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 13,100 xx,xxx 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.