METHODS OF POUNDAGE BUYING Sample Clauses

METHODS OF POUNDAGE BUYING. All the salmon purchased on the grounds or at the plants shall be weighed at the time of original delivery and the weight so recorded shall constitute the basis for payment.
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METHODS OF POUNDAGE BUYING. All the salmon purchased on the grounds or at plants shall be weighed at the time of original delivery and the weight so recorded shall constitute the basis for payment. Section In the case of an exceptionally heavy run of any salmon species in any locality rendering it impossible or to weigh fish as provided in Section above, it shall not be considered a violation of this Agreement if some other arrangement, such as averaging, is arrived at, provided that in such instances the change arranged is concluded by mutual consent of the Union members and of the Operators in the given locality. The Operators agree to pay the schedule of Minimum Prices detailed in Section for No. I Quality Salmon, purchased throughout and to the end of the salmon season, subject to the provisions of Article Alternatively, for sockeye and pinks, there are Minimum Price Market Formulas described in Section Should the Market Formula calculation provide a price higher than the Minimum Prices for sockeye pinks in Section or as amended by Article then an adjustment will be made to the Minimum Prices on an interim basis on or before December and on a final basis on April of each year covered by this agreement. On or before December the operators will estimate the application of the Minimum Price Market Formula based on sales to date and projected sales to March I. Any interim payment will increase the Minimum Price by of the calculated difference between the Minimum Prices in Section I, or as amended by Article and the estimated adjusted prices, as calculated by the Minimum Price Market Formulas. On or before April the Minimum Price Market Formula calculations are to be done from actual sales from September to March of each year covered by this agreement. If the results of the Minimum Price Market calculation are higher, the Minimum Prices for that year be adjusted accordingly. Having adjusted the minimum prices, the Operators will ascertain what payments, if any, are owing. Any payments resulting from interim or final adjustments to Minimum Prices for sockeye and pinks will be made on an interim basis on or before December and on a final basis on or before April These dates may be altered by mutual consent of the parties.
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