- Formula Prices Sample Clauses

- Formula Prices. A formula price is a price, which is based on a published third party quotation (i.e. "Platts") and is subject to variation on either of the following: Prices shall be firm for the periods agreed upon in the Location Agreement and shall be based on the monthly/weekly/fortnightly average of the applicable published quotations of the period prior to the new pricing period plus the agreed differential. The average shall be calculated over trading days only. Monthly average shall be calculated by summing up the price quotations for each trading day and dividing the amount so calculated by the number of trading days of the preceding month rounded up/down to 2 (two) decimals. Fortnightly average shall be calculated by summing up the price quotations for each trading day and dividing the amount so calculated by the number of trading days of the preceding fortnight rounded up/down to 2 (two) decimals. Weekly average shall be calculated by summing up the price quotations for each trading day and dividing the amount by the number of trading days of the preceding week rounded up/down to 2 (two) decimals. Pricing periods: Prices based on a monthly formula will be effective on the 1st day of each month Prices based on a fortnightly formula will be effective on the 1st day and 16th days of each month. Prices based on a weekly formula will be effective on the 1st day of each week. Price based on daily Platts quotation shall be calculated over trading days only. Friday traiding day quotation will apply for next subsequent Saturday and Sunday. For conversion purposes, the following numbers can be accepted: 1 Metric Tonne (MT) = 331 US gallon (AG) 1 US gallon (AG) = 3.7854 Litre (LT) 1 Barrel (BL) = 42 US gallon (AG)
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- Formula Prices. The price of each type of Oil to be sold and purchased hereunder shall be calculated with respect to each delivery in accordance with the formula prices set forth below: In the case of Oil of the Merey-16 or BCF-17 type: P = 0.6 * (WTS + F.O.6 3%S) - 0.2 * WTI + K In the case of Oil of the Mesa type: P = 0.4 * WTS + 0.3 * (LLS + F.O.6 3%S) + K Where:

Related to - Formula Prices

  • Product Prices Product prices and validity of product prices are stated in the Offer and/or in the Individual Agreement.

  • Formula The formula referred to in paragraph 3.1 is as follows: = ∑�( + )●●●� where:

  • Equitable Adjustments to Prices Whenever any provision of this Indenture requires the Company to calculate the average of the Last Reported Sale Prices, or any function thereof, over a period of multiple days (including to calculate the Stock Price or an adjustment to the Conversion Rate), or to calculate Daily VWAPs over an Observation Period, the Company will make proportionate adjustments, if any, to such calculations to account for any adjustment to the Conversion Rate pursuant to Section 5.05(A)(i) that becomes effective, or any event requiring such an adjustment to the Conversion Rate where the Ex-Dividend Date or effective date, as applicable, of such event occurs, at any time during such period or Observation Period, as applicable.

  • Rounding of Calculations; Minimum Adjustments All calculations under this Section 13 shall be made to the nearest one-tenth (1/10th) of a cent or to the nearest one- hundredth (1/100th) of a share, as the case may be. Any provision of this Section 13 to the contrary notwithstanding, no adjustment in the Exercise Price or the number of Shares into which this Warrant is exercisable shall be made if the amount of such adjustment would be less than $0.01 or one-tenth (1/10th) of a share of Common Stock, but any such amount shall be carried forward and an adjustment with respect thereto shall be made at the time of and together with any subsequent adjustment which, together with such amount and any other amount or amounts so carried forward, shall aggregate $0.01 or 1/10th of a share of Common Stock, or more.

  • Adjustments to Number of Shares The number of shares of Common Stock subject to this Option shall be adjusted to take into account any stock splits, stock dividends, recapitalization of the Common Stock as provided in the Stock Option Plan.

  • Resale Prices Nothing contained herein shall be deemed to limit in any way the right of ViewRay to determine the prices at which, or the terms on which, the Products purchased by ViewRay may be resold by ViewRay as part of ViewRay products or services.

  • Adjustment of Minimum Quarterly Distribution and Target Distribution Levels (a) The Minimum Quarterly Distribution, First Target Distribution, Second Target Distribution, Third Target Distribution, Common Unit Arrearages and Cumulative Common Unit Arrearages shall be proportionately adjusted in the event of any distribution, combination or subdivision (whether effected by a distribution payable in Units or otherwise) of Units or other Partnership Securities in accordance with Section 5.10. In the event of a distribution of Available Cash that is deemed to be from Capital Surplus, the then applicable Minimum Quarterly Distribution, First Target Distribution, Second Target Distribution and Third Target Distribution, shall be adjusted proportionately downward to equal the product obtained by multiplying the otherwise applicable Minimum Quarterly Distribution, First Target Distribution, Second Target Distribution and Third Target Distribution, as the case may be, by a fraction of which the numerator is the Unrecovered Capital of the Common Units immediately after giving effect to such distribution and of which the denominator is the Unrecovered Capital of the Common Units immediately prior to giving effect to such distribution.

  • Premium Prices Whenever Material is not readily obtainable at published or listed prices because of national emergencies, strikes or other unusual causes over which the Operator has no control, the Operator may charge the Joint Account for the required Material at the Operator's actual cost incurred in providing such Material, in making it suitable for use, and in moving it to the Joint Property; provided notice in writing is furnished to Non-Operators of the proposed charge prior to billing Non-Operators for such Material. Each Non-Operator shall have the right, by so electing and notifying Operator within ten days after receiving notice from Operator, to furnish in kind all or part of his share of such Material suitable for use and acceptable to Operator.

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