AOCPC for First Contract Year Sample Clauses

AOCPC for First Contract Year. The AOCPC for the first Contract Year shall be $***/lb, which is calculated from: (i) with respect to each of Fixed Cash Conversion Costs, Variable Cash Conversion Costs, and SG&A Expenses: (A) Seller’s forecasted amounts (in $) for each such Cost Category covering the period of time beginning July 1, 2014 and ending December 31, 2014, as set forth in Schedule 5.2; divided by (B) Seller’s forecasted volume of Ethylene production (in pounds) beginning July 1, 2014 and ending December 31, 2014, and (ii) with respect to each of Maintenance Cost Reserves (Capital), Maintenance Cost Reserves (Expense), and Turnaround Cost Reserves: (A) the sum (in $) of: (1) Seller’s forecasted amounts (in $) for each such Cost Category covering the period of time beginning July 1, 2014 and ending December 31, 2014, as set forth in Schedule 5.2, and (2) the sum (in $) of Seller’s forecasted amounts for each such Cost Category as estimated for each Contract Year beginning January 1, 2015 and ending December 31, 2018, with the figure obtained from the sum of clause (1) above and this clause (2), as set forth in Schedule 5.2, divided by (B) the sum (in pounds) of: (1) Seller’s forecasted volume of Ethylene production (in pounds) beginning July 1, 2014 and ending December 31, 2014, and (2) the sum (in pounds) of amounts equaling Seller’s reasonable good faith projection of the total quantity of Ethylene (in pounds) that it will produce for each Contract Year beginning January 1, 2015 and ending December 31, 2018.
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Related to AOCPC for First Contract Year

  • Contract Year A twelve (12) month period during the term of the Agreement commencing on the Effective Date and each anniversary thereof.

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