Common use of Depletion Allowance Clause in Contracts

Depletion Allowance. The Base Price, as adjusted as of the Delivery Date, shall be increased or decreased by one-half the number of percentage points by which the effective rate of the gross depletion allowance applicable to coal for United States Income Tax purposes decreases or increases, as applicable, from the rate in effect on January 1, 1992. For example, if the effective rate of the depletion allowance is 8.5%, and this is decreased by one percent to 7.5%, the Base Price shall be increased by one-half of one percent (0.5%); or if the effective rate of the depletion allowance is increased by one percent to 9.5%, the Base Price shall be decreased by one-half of one percent (0.5%).

Depletion Allowance. The respective Base PricePrices, as adjusted as of the Delivery Date, shall be increased or decreased by one-half the number of percentage points by which the effective rate of the gross depletion allowance applicable to coal for United States Income Tax purposes decreases or increases, as applicable, from the rate in effect on January 1, 19922001. For example, if the effective rate of the depletion allowance is 8.5%, and this is decreased by one percent to 7.5%, the Base Price shall be increased by one-half of one percent (0.5%); or if the effective rate of the depletion allowance is increased by one percent to 9.5%, the Base Price shall be decreased by one-half of one percent (0.5%).

Depletion Allowance. The Base Price, as adjusted as of the Delivery Date, shall be increased or decreased by one-half the number of percentage points by which the effective rate of the gross depletion allowance applicable to coal for United States Income Tax purposes decreases decrease or increases, as applicable, from the rate in effect on January 1, 19921998. For example, if the effective rate of the depletion allowance is 8.5%, and this is decreased by one percent to 7.5%, the Base Price shall be increased by one-half of one percent (0.5%); or if the effective rate of the depletion allowance is increased by one percent to 9.5%, the Base Price shall be decreased by one-half of one percent (0.5%).

Depletion Allowance. The Base Price, as adjusted as of the Delivery Date, shall be increased or decreased by one-half the number of percentage points by which the effective rate of the gross depletion allowance applicable to coal for United States Income Tax purposes decreases or increases, as applicable, from the rate in effect on January 1, 19921995. For example, if the effective rate of the depletion allowance is 8.5%, and this is decreased by one percent to 7.5%, the Base Price shall be increased by one-half of one percent (0.5%); or if the effective rate of the depletion allowance is increased by one percent to 9.5%, the Base Price shall be decreased by one-half of one percent (0.5%).