Common use of Base Tonnage Clause in Contracts

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.

Appears in 2 contracts

Samples: Coal Supply Agreement (Vectren Utility Holdings Inc), Coal Supply Agreement (Vectren Corp)

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Base Tonnage. The quantity of coal to be delivered under the Original Agreement in calendar year 2014 and 2015, as applicable2014, is as follows (the “Base Tonnage”): 2014 - 1,000,000 tons 2015 - 1,000,000 480,000 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.

Appears in 2 contracts

Samples: Supply Agreement (Vectren Utility Holdings Inc), Supply Agreement (Vectren Corp)

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