Quarterly Tonnage Adjustments. Beginning in the first quarter of 2015 and for the remainder of the Term, Buyer may elect to increase or decrease the Base Tonnage to be delivered in a calendar quarter by an amount of up to [**] of the Base Tonnage to be delivered in such calendar quarter. Buyer shall provide written notice to Seller of such election on or before the date that is 30 days before the first day of such calendar quarter. For the purposes of this Section 2.3, if Buyer has increased or decreased the Base Tonnage for a given Contract Year pursuant to Section 2.2, the Base Tonnage subject to adjustment in each calendar quarter in such Contract Year shall be the Base Tonnage as adjusted pursuant to Section 2.2. AND EXCHANGE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT Exhibit 10.3
Appears in 2 contracts
Samples: Coal Supply Agreement (Vectren Utility Holdings Inc), Coal Supply Agreement (Vectren Corp)
Quarterly Tonnage Adjustments. Beginning in the first quarter of 2015 and for the remainder of the Term, Buyer may elect to increase or decrease the Base Tonnage to be delivered in a calendar quarter by an amount of up to [**] of the Base Tonnage to be delivered in such calendar quarter. Buyer shall provide written notice to Seller of such election on or before the date that is 30 days before the first day of such calendar quarter. For the purposes of this Section 2.3, if Buyer has increased or decreased the Base Tonnage for a given Contract Year pursuant to Section 2.2, the Base Tonnage subject to adjustment in each calendar quarter in such Contract Year shall be the Base Tonnage as adjusted pursuant to Section 2.2. AND EXCHANGE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT Exhibit 10.310.4
Appears in 2 contracts
Samples: Coal Supply Agreement (Vectren Utility Holdings Inc), Coal Supply Agreement (Vectren Corp)