Common use of Adjustments for Changes to Production Estimates Clause in Contracts

Adjustments for Changes to Production Estimates. The determination of ACSC’s Pro Rata Share of gross cash receipts shall be based on UNITED’s best estimate of the amount of Finished Products anticipated to be produced in such Fiscal Year by ACSC and each other participant in the Primary Pool, and shall be adjusted by UNITED periodically as production figures are more precisely determined. Such adjustments shall reflect an interest charge to be paid by any Primary Pool participant who has received excess distributions based on the preliminary production estimates and such interest shall be paid to the Primary Pool participant(s) who received less than full distributions. For purposes of this paragraph, interest charges shall be the prime rate as published in the Wall Street Journal on the first business day of each month. As soon as exact information and production figures are available, UNITED shall determine ACSC’s final Pro Rata Share of the gross cash receipts for the Primary Pool during the Fiscal Year, and appropriate adjustments, together with interest charges/credits as provided above, shall be made. The final accounting for the Primary Pool shall be made no later than the ninetieth day following the last day of each Fiscal Year.

Appears in 1 contract

Samples: Uniform Member Sugar Marketing Agreement (American Crystal Sugar Co /Mn/)

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Adjustments for Changes to Production Estimates. The determination of ACSCPROCESSOR’s Pro Rata Share proportionate share of gross cash receipts shall be based on UNITED’s best estimate of the amount of Finished Products anticipated to be produced in such Fiscal Year year by ACSC PROCESSOR and each other participant in the Primary Pool, and shall be adjusted by UNITED periodically as production figures are more precisely determined. Such adjustments shall reflect an interest charge to be paid by any Primary Pool participant who has received excess distributions based on the preliminary production estimates and such interest shall be paid to the Primary Pool participant(s) who received less than full distributions. For purposes of this paragraph, interest charges shall be the prime rate as published in the Wall Street Journal on for the first business day of each monthperiod in question. As soon as exact information and production figures are available, UNITED shall determine ACSCPROCESSOR’s final Pro Rata Share proportionate share of the gross cash receipts for the Primary Pool during the Fiscal Year, and appropriate adjustments, together with interest charges/credits charges as provided above, shall be made. The final accounting for the Primary Pool shall be made no later than the ninetieth day following the last day of each Fiscal Year.

Appears in 1 contract

Samples: Member Sugar Marketing Agreement (Minn Dak Farmers Cooperative)

Adjustments for Changes to Production Estimates. The determination of ACSCPROCESSOR’s Pro Rata Share proportionate share of gross cash receipts shall be based on UNITED’s best estimate of the amount of Finished Products anticipated to be produced in such Fiscal Year year by ACSC PROCESSOR and each other participant in the Primary Pool, and shall be adjusted by UNITED periodically as production figures are more precisely determined. Such adjustments shall reflect an interest charge to be paid by any Primary Pool participant who has received excess distributions based on the preliminary production estimates and such interest shall be paid to the Primary Pool participant(s) who received less than full distributions. For purposes of this paragraph, interest charges shall be the prime rate as published charged by UNITED’s principal lender for thirty (30) day seasonal fixed rate financing for the period in the Wall Street Journal on the first business day of each monthquestion. As soon as exact information and production figures are available, UNITED shall determine ACSCPROCESSOR’s final Pro Rata Share proportionate share of the gross cash receipts for the Primary Pool during the Fiscal Year, and appropriate adjustments, together with interest charges/credits charges as provided above, shall be made. The final accounting for the Primary Pool shall be made no later than the ninetieth day following the last day of each Fiscal Year.

Appears in 1 contract

Samples: Uniform Member Sugar Marketing Agreement (American Crystal Sugar Co /Mn/)

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Adjustments for Changes to Production Estimates. The determination of ACSCMDFC’s Pro Rata Share of gross cash receipts shall be based on UNITED’s best estimate of the amount of Finished Products anticipated to be produced in such Fiscal Year by ACSC MDFC and each other participant in the Primary Pool, and shall be adjusted by UNITED periodically as production figures are more precisely determined. Such adjustments shall reflect an interest charge to be paid by any Primary Pool participant who has received excess distributions based on the preliminary production estimates and such interest shall be paid to the Primary Pool participant(s) who received less than full distributions. For purposes of this paragraph, interest charges shall be the prime rate as published in the Wall Street Journal on the first business day of each month. As soon as exact information and production figures are available, UNITED shall determine ACSCMDFC’s final Pro Rata Share of the gross cash receipts for the Primary Pool during the Fiscal Year, and appropriate adjustments, together with interest charges/credits as provided above, shall be made. The final accounting for the Primary Pool shall be made no later than the ninetieth day following the last day of each Fiscal Year.

Appears in 1 contract

Samples: Uniform Member Sugar Marketing Agreement (Minn Dak Farmers Cooperative)

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