BTU Adjustment. For the coal accepted in each calendar quarter, an adjustment, calculated to the nearest cent per ton and using the then current Base Price, shall be applied to the contract price to account for variations in the Quarterly Average Value for as-received Btu/lb. compared to the Typical Analysis for as-received Btu. This adjustment shall in no way be affected by contract price adjustments under Section 10.2 “Law Changes”. (See Exhibit I for example of calculations.)
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Samples: Purchase and Sale (Armstrong Coal Company, Inc.), Purchase and Sale (Armstrong Resource Partners, L.P.), Security Agreement (Armstrong Energy, Inc.)
BTU Adjustment. For the coal accepted in each calendar quarter, an adjustment, calculated to the nearest cent per ton and using the then current Base PricePrice or Optional Tonnage Base Price applicable to such deliveries, shall be applied to the contract Contract price to account for variations in the Quarterly Average Value for as-received Btu/lb. compared to the Typical Analysis for as-as received BtuBtu in Section 9. This adjustment shall in no way be affected by contract Contract price adjustments under Section 10.2 “Law Changes”. (See Exhibit EXHIBIT I for example of calculations.)
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