HOLDING CHARGE. 5.1 UFI will pay to NWR on September 1, 1979 and on September 1 of each year thereafter until production of lignite to begins, an annual holding charge for the reserves held and dedicated by NWR under the provisions of Section 2.2. The amount of such holding charge shall be calculated at a rate of $5.88 for each one thousand tons of recoverable reserves so held and dedicated as of the date such payment is due. NWR shall promptly make available to UFI all data in its possession, including evaluations, necessary to determine the quantity of lignite reserves held by NWR, and the parties shall mutually agree on the quantity of such reserves. In the event agreement is not reached on any reserve determination by the date the applicable a holding cost is due the payment thereof shall be based upon UFI’s calculation pending final determination of the reserves dedicated, at which time an adjustment to reflect the actual amount due shall be paid to NWR. If the parties fail to agree on this matter within ninety (90) days after the date payment of the holding charge is due, the issue shall be submitted to arbitration for determination as provided in Section 16 hereof.
HOLDING CHARGE. Islamic accounts are subject to a Holding charge which will be imposed for positions held open through consecutive trading sessions, depending on the product type and duration such positions are being held open. Currently, positions held in Major, Minor and Exotic foreign exchange pairs will incur a charge after 7 calendar days of continuous open position.
