Base Tonnage Sample Clauses

Base Tonnage. Seller agrees to deliver to Buyer, and Buyer agrees to accept from Seller, the total quantity of coal as set forth below in each Contract Year during the Term. A Contract Year shall commence on January 1st and end on December 31st. Contract Year Base Tonnage 2015 590,000 tons 2016 – 2023 1,000,000 tons
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Base Tonnage. The quantity of coal to be delivered under the Original Agreement in calendar year 2014 and 2015, as applicable, is as follows (the “Base Tonnage”): 2014 - 1,000,000 tons 2015 - 1,000,000 tons Buyer has notified Seller that Buyer has utilized its option to adjust the Base Tonnage by + [**] pursuant to the Original Agreement to decrease the amount of coal to be delivered pursuant to the Original Agreement to [**] tons annually, until further notice.
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Base Tonnage. The quantity of coal to be delivered under each of the Original Agreements in calendar year 2014 and 2015, as applicable, is as follows (the “Base Tonnage”): 2014 - 410,000 tons 2015 - 410,000 tons Buyer has notified Seller that Buyer has utilized its option to adjust the Base Tonnage by + [**] pursuant to the XX Xxxxx 1 Agreement to increase the amount of coal to be delivered pursuant to the XX Xxxxx 1 Agreement to [**] tons annually, until further notice. 2014 - 600,000 tons AND EXCHANGE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT Exhibit 10.2 Buyer has notified Seller that Buyer has utilized its option to adjust the Base Tonnage by + [**] pursuant to the XX Xxxxx 2 Agreement to decrease the amount of coal to be delivered pursuant to the XX Xxxxx 2 Agreement to [**] tons annually, until further notice.
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Base Tonnage. Except as otherwise provided in this Agreement, SELLER shall supply to PURCHASER, and PURCHASER shall purchase from SELLER, the Base Tonnage of 3,000,000 tons of coal during each Contract Year, which shall be supplied in approximately equal monthly Shipments.
Sample 1
Base Tonnage. (a) Except as provided in Section 4.01 (c), (e) and 4.04, and subject to the terms of this Agreement, during each Contract Year that this Agreement is in effect Pen shall produce and DP&L shall purchase at least: (1) Base Term . one million (1,000,000) Tons of coal for the Contract Years commencing July 1, 1992 and July 1, 1993, . one million two hundred fifty thousand (1,250,000) Tons of coal for the Contract Years commencing July 1, 1994 and July 1, 1995. (2) First Second and Third Option Terms . one million five hundred thousand (1,500,000) Tons of coal. The amounts described above shall constitute the Base Tonnage, in each Contract Year, Pen shall supply at least the Base Tonnage in accordance with the Shipping Schedule provided by DP&L per Section 4.02. (b) During the Base Term, the Base Tonnage shall be comprised of Mid Sulfur Coal. Pen shall begin Tender of coal under this Agreement in August, 1992. Commencing July 1, 1996 and during the Option Terms specified in Section 2.02, 2.03 and 2.04, the Base Pen/DP&L 3/1/93 Tonnage may be comprised of a combination of Mid Sulfur Coal, Low Sulfur Coal and/or Compliance Sulfur Coal, or exclusively of Mid Sulfur Coal, Low Sulfur Coal or Compliance Sulfur Coal, at DP&L's sole option pursuant to the Coal Quality Selection Table attached as Exhibit D hereto. (c) Between August 1, 1992 and June 30, 1993, the Base Tonnage shall be nine hundred and seventeen thousand (917,000) Tons of coal. (d) Pen shall continually maintain, at the mine complexes and/or FOB Loading Point facility, a minimum combined total of twenty-five thousand (25,000) Tons inventory of coal ready for Tender to DP&L pursuant to the terms of this Agreement. Such inventory shall meet the monthly coal quality characteristics for the type of coal Pen is then obligated to supply hereunder, in accordance with Sections 4.01(b) and 4.04. (e) The provisions of this Section and Section 4.04 notwithstanding, unless otherwise agreed by the parties the maximum quantity of coal that Pen shall be obligated to supply in any Contract Year shall be one million five hundred thousand (1,500,000) Tons, as adjusted for DP&L's Tonnage Flexibility under Section 4.03. (f) If in any Contract Year Pen shall, for any cause which neither results from Force Majeure nor from default of DP&L, fail to Tender a quantity of coal at least equal to the required Base Tonnage (subject to Section 4.03), then DP&L may purchase the difference between the tonnage Tendered and the Base Ton...
Sample 1

Related to Base Tonnage

  • Contract Quantity The Contract Quantity during each Contract Year is the amount set forth in the applicable Contract Year in Section D of the Cover Sheet (“Delivery Term Contract Quantity Schedule”), which amount is inclusive of outages.

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

  • Delivery Schedule The Goods specified in the List of Goods are required to be delivered within the acceptable time range (after the earliest and before the final date, both dates inclusive) specified in Section V, Schedule of Requirements. No credit will be given to deliveries before the earliest date, and Tenders offering delivery after the final date shall be treated as non-responsive. Within this acceptable period, an adjustment of [insert the adjustment factor], will be added, for evaluation purposes only, to the Tender price of Tenders offering deliveries later than the “Earliest Delivery Date” specified in Section V, Schedule of Requirements.

  • Salary Scale The salary scale applicable to Employees shall be set out hereinafter in the Wage Schedule.

  • PRICE CEILING Although Contractor may offer lower prices to Purchasers, during the term of this Master Contract, Contractor guarantees to provide the Goods/Services at no greater than the prices set forth in Exhibit B – Prices for Goods/Services (subject to economic adjustment as set forth herein).

  • C1 Contract Price In consideration of the Contractor’s performance of its obligations under the Contract, the Authority shall pay the Contract Price in accordance with clause C2 (Payment and VAT).

  • Cost Share Federal and provincial governments support AgriInsurance programs by paying all administration expenses and sharing premium costs with the Insured.

  • PRICE ESCALATION/DE-ESCALATION (CPI) The County may allow a price escalation provision within this award. The original contract prices shall be firm for an initial one (1) year period. A price escalation/de-escalation will be considered at one (1) year intervals thereafter, provided the Contractor notifies the County, in writing, of the pending price escalation/de-escalation a minimum of sixty (60) days prior to the effective date. Price adjustments shall be based on the latest version of the Consumers Price Index (CPI-U) for All Urban Consumers, All Items, U.S. City Average, non-seasonal, as published by the U.S. Department of Labor, Bureau of Labor Statistics. This information is available at xxx.xxx.xxx. Price adjustment shall be calculated by applying the simple percentage model to the CPI data. This method is defined as subtracting the base period index value (at the time of initial award) from the index value at time of calculation (latest version of the CPI published as of the date of request for price adjustment), divided by the base period index value to identify percentage of change, then multiplying the percentage of change by 100 to identify the percentage change. Formula is as follows: Current Index – Base Index / Base Index = % of Change CPI for current period 232.945 Less CPI for base period 229.815 Equals index point change 3.130 Divided by base period CPI 229.815 Equals 0.0136 Result multiplied by 100 0.0136 x 100 Equals percent change 1.4% % of Change x 100 = Percentage Change CPI-U Calculation Example: A price increase may be requested only at each time interval specified above, using the methodology outlined in this section. To request a price increase, Contractor shall submit a letter stating the percentage amount of the requested increase and adjusted price to the Orange County Procurement Division. The letter shall include the complete calculation utilizing the formula above, and a copy of the CPI-U index table used in the calculation. The maximum allowable increase shall not exceed 4%, unless authorized by the Manager, Procurement Division. All price adjustments must be accepted by the Manager, Procurement Division and shall be memorialized by written amendment to this contract. No retroactive contract price adjustments will be allowed. Should the CPI-U for All Urban Consumers, All Items, U.S City Average, as published by the U.S. Department of Labor, Bureau of Labor Statistics decrease during the term of the contract, or any renewals, the Contractor shall notify the Orange County Procurement Division of price decreases in the method outlined above. If approved, the price adjustment shall become effective on the contract renewal date. If the Contractor fails to pass the decrease on to the County, the County reserves the right to place the Contractor in default, cancel the award, and remove the Contractor from the County Vendor List for a period of time deemed suitable by the County. In the event of this occurrence, the County further reserves the right to utilize any options as stated herein.

  • Salary Scales ‌ 2.5.1 Effective from 1 January 2024, and subject to the Remuneration provisions in the Terms of Settlement, a 4% increase will apply to all paid and printed rates. The following Allied Divisions shall refer to the applicable schedules for their scales: MIT, UCOL and Otago. 2.5.2 Effective from 1 January 2025, kaimahi will be translated into the following salary scale, which includes the 4% salary increase: Band Step (N/A for UCOL and TOPNZ) Scale Scale 2025 (4%) 40 hours Band Step(N/A for UCOL and TOPNZ Scale 2025 (4%) Scale 2025 (4%)

  • Salary Schedule The salaries of employees covered by this agreement are set forth in the salary schedule in Appendix A which is attached to and incorporated into this agreement.

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