Moisture Adjustment. For the coal accepted in each calendar quarter, an adjustment, calculated to the nearest tenth of a cent per ton at a rate of either (1) $0.06 per ton (decrease) for each percentage point the Quarterly Average Value of moisture exceeds the Typical Analysis for Moisture, or (2) $0.06 per ton (increase) for each percentage point the Quarterly Average Value for Moisture is less than the Typical Analysis for Moisture, shall be applied to the contract price. The calculation shall be prorated to cover any fractional percentage. (See Exhibit I for example of calculations.)
Appears in 3 contracts
Samples: Purchase and Sale Agreement (Armstrong Coal Company, Inc.), Purchase and Sale Agreement (Armstrong Resource Partners, L.P.), Credit Agreement (Armstrong Energy, Inc.)
Moisture Adjustment. For the coal accepted in each calendar quarter, an adjustment, calculated to the nearest tenth of a cent per ton at a rate of either (1) $$ 0.06 per ton (decrease) for each percentage point the Quarterly Average Value of moisture exceeds the Typical Analysis for MoistureMoisture in Section 9, or (2) $$ 0.06 per ton (increase) for each percentage point the Quarterly Average Value for Moisture is less than the Typical Analysis for Moisture, shall be applied to the contract Contract price. The calculation shall be prorated to cover any fractional percentage. (See Exhibit I for example of calculations.)
Appears in 1 contract
Samples: Purchase and Sale Agreement (Armstrong Coal Company, Inc.)
