Base Escalator. The Base Escalator is defined in Article 5.1B(ii) of the Agreement for Purchase of Electric Power between Atlantic Electric and Keystone attached hereto as Exhibit D; provided that the term "bituminous coal" referred to therein shall have the meaning set forth in Section 7.5 hereof. Pursuant to the provisions of the Agreement for Purchase of Electric Power, the Base Escalator will be established by Atlantic Electric and reported to Keystone in the first quarter of each calendar year. The first Base Escalator adjustment shall occur in 1994. The value of the Base Escalator established for a calendar year will be applied to all coal delivered during that calendar year. * CONFIDENTIAL MATERIAL HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION. BRACKETS AND UNDERSCORES DENOTE SUCH OMISSIONS.
Appears in 3 contracts
Samples: Coal Supply Agreement (International Coal Group, Inc.), Coal Supply Agreement (International Coal Group, Inc.), Coal Supply Agreement (International Coal Group, Inc.)
Base Escalator. The Base Escalator is defined in Article 5.1B(ii) of the Agreement for Purchase of Electric Power between Atlantic Electric and Keystone attached hereto as Exhibit D; provided that the term "bituminous coal" referred to therein shall have the meaning set forth in Section 7.5 hereof. Pursuant to the provisions of the Agreement for Purchase of Electric Power, the Base Escalator will be established by Atlantic Electric and reported to Keystone in the first quarter of each calendar year. The first Base Escalator adjustment shall occur in 1994. The value of the Base Escalator established for a calendar year will be applied to all coal delivered during that calendar year. * CONFIDENTIAL MATERIAL HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION. BRACKETS AND UNDERSCORES DENOTE SUCH OMISSIONS.
Appears in 1 contract
