Common use of PATRIOT SELLING PRICE DURING EXTENDED TERM Clause in Contracts

PATRIOT SELLING PRICE DURING EXTENDED TERM. The “Patriot Selling Price” per ton at which COALSALES II will purchase coal from Patriot under this Agreement during each Extended Term Price Period will equal: (a) the Patriot Base Price per ton for that Extended Term Price Period, as determined under Section 5.8, and (b) adjusted for quality pursuant to Section 4.11 of this Agreement. For the sake of clarity, during the Extended Term, the Patriot Selling Price will not be reduced pursuant to Article V of the Exhibit A Terms.

Appears in 3 contracts

Samples: Coal Supply Agreement (Patriot Coal CORP), Coal Supply Agreement (Patriot Coal CORP), Coal Supply Agreement (Peabody Energy Corp)

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PATRIOT SELLING PRICE DURING EXTENDED TERM. The “Patriot Selling Price” per ton at which COALSALES II will purchase coal from Patriot under this Agreement during each Extended Term Price Period will equal: (a) the Patriot Base Price per ton for that Extended Term Price Period, as determined under Section 5.8, and (b) adjusted for quality pursuant to Section 4.11 of this Agreement. For the sake of clarity, during the Extended Term, the Patriot Selling Price will not be reduced pursuant to Article V of the Exhibit A TermsEnd Customer Contract regardless of End Customer nominations of quantity.

Appears in 1 contract

Samples: Coal Supply Agreement (Patriot Coal CORP)

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