Price and Adjustments. 2.3.1 For each calendar month during the Delivery Period, and except as otherwise provided in this Agreement, PGE shall pay Seller for the Generating Facility Output delivered to the Generating Facility Delivery Point in the sum of the following:
(a) hourly Generating Facility Output, each up to [105%] of the Specified Amount for such month, multiplied by the Energy Fixed Price; plus
(b) hourly Excess Energy multiplied by the lesser of (i) [93%] of the Market Index Price, or (ii) [75%] of the Energy Fixed Price; plus
(c) for each hour that the Market Index Price is negative, the hourly Delivered Energy Quantity multiplied by [107%] of the Market Index Price.
2.3.2 For each calendar month during the Delivery Period, and except as otherwise provided in this Agreement, the total amount due from PGE to Seller for Storage Capacity shall be calculated as follows:
(a) the Storage Facility Contract Price multiplied by the Contract Storage Capacity, less
(b) the Guaranteed Availability Adjustment for such year, if any, less
(c) the Guaranteed Round-Trip Efficiency Adjustment for such year, if any, less
(d) the Guaranteed Contract Storage Capacity Adjustment, if any, less
(e) Storage Facility Test Energy costs that Seller is responsible for pursuant to Section 3.4.8(a)(iii), if any. An indicative example illustrating the determination of payment due under this Section 2.3 is set forth in Exhibit I.
Price and Adjustments. (a) In each Contract Year the price paid for the Cliffs Pellets purchased and sold hereunder shall be determined as follows:
(i) First, taking each kind of Basic Cliffs Pellets separately, the price per iron unit shall be determined as provided in Section 6(b).
(ii) Second, the price per iron unit for any kind(s) of Other Cliffs Pellets shall be determined as provided in Section 6(c).
(i) Empire Pellets shall have the following base price per iron unit ("BASE PRICE PER IRON UNIT") for the [* * * *]: Base Price per
Price and Adjustments. 18 3.1 Price .......................................................... 18 3.2 Adjustments .................................................... 19
Price and Adjustments. A. The Agreement Price(s) for Contractor Services is set forth in Scope of Services and Price.
B. Contractor will have no duty to handle Non-Conforming Materials unless Customer and Contractor mutually agree to terms including cost for the handling of such Non-Conforming Materials on a case-by-case basis. If Contractor discovers material is Non Conforming after it takes possession, then Customer shall reimburse all costs and expenses of Contractor in handling such Non-Conforming Material until Customer arranges for removal and transportation of such Non-Conforming Material for appropriate processing and disposal. plus 10% of such costs and expenses.
Price and Adjustments. (a) Initial Prices: The unit prices for the Components as of the -------------- effective date of this Agreement are stated in the Supply Schedule (Annex "A"). GM and DRA understand the current prices listed in Annex A are market competitive as of Fall 1993. In addition, the parties agree that GM's standard non-ferrous metals price adjustment policies will apply throughout the term of this Agreement.
Price and Adjustments. (a) In each year the price paid for the Cliffs Pellets purchased and sold hereunder shall be determined as follows:
(i) First, taking each kind of Basic Cliffs Pellets separately, the Base Price per Iron Unit shall be determined, based on an annual purchase of between 3,475,000 and 3,525,000 tons, as provided in Section 6(b).
(ii) Second, taking each kind of Basic Cliffs Pellets separately, the Base Price per Iron Unit shall be adjusted based on the amount of Cliffs Pellets purchased and sold, either up or down, as provided in Section 6(c), to determine the Adjusted Expected Price per Iron Unit.
(iii) Third, the Adjusted Expected Price per Iron Unit for any kind(s) of Other Cliffs Pellets shall be determined as provided in Section 6(d).
(i) Basic Cliffs Pellets shall have the following “Base Price per Iron Unit” for the year 2002:
Price and Adjustments. (i) The price for the Hibbing Pellets sold and purchased in each of the years 2000 and thereafter under Section 2 at the Port of Allouez, Wisconsin, shall be based on the 1999 base price of [* * * *] iron unit, based on actual natural iron content, f.o.b. vessel, Port of Alloxxx, Xxxxxxxxx ("0000 xxxusted Hibbing price per iron unit") (the 1999 adjusted Hibbing price [* * * *] based on natural iron content of 64.50%), which 1999 adjusted Hibbing price per iron unit shall then be adjusted, up or down, in the year 2000 and each year thereafter by an amount as determined in accordance with Section [* * * *] below.
(ii) The price of the Northshore pellets sold and purchased in each of the years 2000 and thereafter under Section 2 at the Port of Silver Bay, Minnesota, shall be based on the 1999 base price of [* * * *] iron unit, based on actual natural iron content, f.o.b. vessel, Port of Silvxx Xxx, Xxxxxxxxx ("0000 xxxusted Northshore price per iron unit") (the 1999 adjusted Northshore price [* * * *] based on natural iron content of 63.73%), which 1999 adjusted Northshore price per iron unit shall then be adjusted, up or down, in the year 2000 and each year thereafter by an amount as determined in accordance with Section [* * * *] below.
(b) In order to determine the adjusted price to be paid each year for the [* * * *] Pellets and [* * * *] Pellets, as provided for under Sections [* * * *] and [* * * *]:
(1) [* * * *]
(A) [* * * *]
Price and Adjustments a) The prices exclude VAT and include all costs relating to compliance with the contractor’s obligations.
b) The prices are fixed, unless the agreement cites circumstances that may result in an adjustment of prices, and the manner in which prices will be adjusted is specified.
Price and Adjustments. (a) The Purchase Price for the Eveleth Pellets sold and purchased under Article 2 above shall be based on the World Price, as defined in Article 3(b) during each applicable year.
Price and Adjustments. 8 3.1 Price..........................................................................................8 3.2 Adjustments....................................................................................8
