Adjustment to Toll Sample Clauses

Adjustment to Toll. (a) Beginning on June 30, 1998 and on each ------------------ anniversary thereof during the Term, the Partnership shall calculate the "Reference Strip Ton Rate," which calculation shall be the sum of (u) the Partnership's then current kilowatt hour price for electricity to generate a Reference Strip ton at the Facility multiplied by the kilowatt hours per Reference Strip ton ("Electricity Costs") and (v) the forward price, as of such June 30 or the most recent Business Day thereto, for a period of three months, of the price of special hygrade zinc, as determined by the LME and published in The Wall Street Journal, for free zinc used in the Zinc Process multiplied by the units of free zinc per Reference Strip ton ("Zinc Costs"). Beginning on June 30, 1999 and continuing through June 30, 2001, the Partnership will determine the percentage increase or decrease of the Reference Strip Ton Rate by calculating (i) the difference between the Reference Strip Ton Rate for the current June 30 and the Reference Strip Ton Rate for the prior June 30 divided by (ii) the Reference Strip Ton Rate for the prior June 30. If such percentage change is positive and greater than 5%, the Partnership shall increase the toll for Coating Services for a Reference Strip ton for the next 12 month period, effective as of the July 1 of such 12 month period, by an amount equal to the difference between (w) the Reference Strip Ton Rate for the current June 30 and (x) 1.05 times the Reference Strip Ton Rate for the prior June 30. If such percentage change is negative and greater than 5%, the Partnership shall decrease the toll for Coating Services for a Reference Strip ton for the next 12 month period, effective as of the July 1 of such 12 month period, by an amount equal to the difference between (y) .95 times the Reference Strip Ton Rate for the prior June 30 and (z) the Reference Strip Ton Rate for the current June 30. An example of such calculation is set forth on Schedule 4.2. The Partnership will provide ISC ------------- evidence of such calculations as ISC shall reasonably request. In the event that the Partnership and ISC disagree as to one or more of the calculations, then the General Manager of Purchasing of ISC and the Chief Operating Officer of MSCWC shall meet and in good faith attempt to equitably determine such calculations; provided that until such agreement is reached there shall be no adjustment to the toll for Coating Services; provided further that when such agreement ...
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Related to Adjustment to Toll

  • Adjustment to Purchase Price (a) Subject to Section 3.3(b), at the Closing, the Purchase Price shall be adjusted, without duplication, to account for the items set forth in this Section 3.3(a):

  • Adjustment, etc Any adjustment, indulgence, forbearance or compromise that might be granted or given by any of the Lenders to Borrower or Guarantor or any Person liable on the Liabilities;

  • Adjustment to Number of Shares Upon each adjustment of the Exercise Price, the number of Shares issuable upon exercise of the Warrant shall be increased to equal the quotient obtained by dividing (x) the product resulting from multiplying (i) the number of Shares issuable upon exercise of the Warrant, and (ii) the Exercise Price, in each case as in effect immediately before such adjustment by (y) the adjusted Exercise Price.

  • Adjustment Payment If the Closing Working Capital exceeds the Target Working Capital, the Purchase Price shall be increased by the amount by which Closing Working Capital exceeds the Target Working Capital, and if the Closing Working Capital is less than the Target Working Capital, the Purchase Price shall be decreased by the amount by which Closing Working Capital is less than the Target Working Capital. In addition to the foregoing adjustment, (i) the Purchase Price shall be decreased by an amount equal to the Debt Amount and (ii) the Purchase Price shall be increased by an amount equal to the Closing Eligible Capital Expenditures. The Purchase Price as so increased or decreased under this Section 2.03(c) shall hereinafter be referred to as the “Adjusted Purchase Price”. If the Closing Date Payment is less than the Adjusted Purchase Price, Purchaser shall, and if the Closing Date Payment is more than the Adjusted Purchase Price, Seller shall, within 10 Business Days after the Statement becomes final and binding on the parties, make payment by wire transfer in immediately available funds in an amount equal to the absolute value of the difference between the Adjusted Purchase Price and the Closing Date Payment to one or more accounts designated in writing at least two Business Days prior to such payment by the party entitled to receive such payment, plus interest thereon at a rate of 5% per annum, calculated on the basis of the actual number of days elapsed divided by 365, from and including the Closing Date to but excluding the date of payment.

  • Adjustment to Interest Rate Changes to the interest rate of any Credit Extension based on changes to the Prime Rate shall be effective on the effective date of any change to the Prime Rate and to the extent of any such change.

  • Section 754 Adjustment To the extent an adjustment to the adjusted tax basis of any Partnership asset pursuant to Code Section 734(b) or Code Section 743(b) is required, pursuant to Regulations Section 1.704-1(b)(2)(iv)(m)(2) or Regulations Section 1.704-1(b)(2)(iv)(m)(4), to be taken into account in determining Capital Accounts as the result of a distribution to a Holder in complete liquidation of his interest in the Partnership, the amount of such adjustment to the Capital Accounts shall be treated as an item of gain (if the adjustment increases the basis of the asset) or loss (if the adjustment decreases such basis) and such gain or loss shall be specially allocated to the Holders in accordance with their interests in the Partnership in the event that Regulations Section 1.704-1(b)(2)(iv)(m)(2) applies, or to the Holders to whom such distribution was made in the event that Regulations Section 1.704-1(b)(2)(iv)(m)(4) applies.

  • CPI Adjustment The fixed fees and other fees expressed as stated dollar amounts in this schedule and in the Agreement shall be increased annually commencing on the one-year anniversary date of the Effective Date by the percentage increase since the Effective Date in consumer prices for services as measured by the United States Consumer Price Index entitled "All Services Less Rent of Shelter" or a similar index should such index no longer be published.

  • Adjustment of Fees Trust acknowledges that from time to time after the first anniversary of the Effective Date, Administrator may increase all non-asset based Fees upon sixty days written notice to the Trust, in an amount equal to the greater of: (a) five percent; or (b) the percentage increase in the CPI since the Effective Date of the first such increase and since the date of the immediately preceding increase with respect to all subsequent increases; provided, however, that Administrator may not increase the Fees more than one time during any twelve-month period. Notwithstanding the above, in the event of an increase to Administrator’s costs for Special Third Party Services, Administrator may at any time upon thirty days written notice increase the Fees applicable to such Special Third Party Services, provided, that such fee increase will not exceed the applicable percentage increase in costs incurred by Administrator with respect to such Special Third Party Services.

  • ADJUSTMENT OF CONTRACT PRICE The Contract Price shall be subject to adjustment, as hereinafter set forth, in the event of the following contingencies (it being understood by both parties that any reduction of the Contract Price is by way of liquidated damages and not by way of penalty):

  • Payment and Year-End Adjustment Amounts accrued pursuant to this Agreement shall be payable to the Adviser as of the last day of each month. If necessary, on or before the last day of the first month of each fiscal year, an adjustment payment shall be made by the appropriate party in order that the actual Fund Operating Expenses of a Fund for the prior fiscal year (including any reimbursement payments hereunder with respect to such fiscal year) do not exceed the Maximum Annual Operating Expense Limit.

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