Common use of Sulfur Dioxide Adjustment Clause in Contracts

Sulfur Dioxide Adjustment. For coal accepted in each calendar quarter, an adjustment, calculated to the nearest tenth of a cent per ton at a rate of either (1) $0.25 per ton (decrease) for each tenth (1/10) of a pound per million BTUs the Quarterly Average Value of sulfur dioxide exceeds the Typical Analysis for sulfur dioxide, or (2) $0.25 per ton (increase) for each tenth (1/10) of a pound per million BTUs the Quarterly Average Value for sulfur dioxide is less than the Typical Analysis of sulfur dioxide, shall be applied to the contract price. The calculation shall be prorated to cover any fractional amount tenth (1/10) of a pound. This adjustment shall in no way be affected by contract price adjustments under Section 10, Contract Price Adjustments and Cost Reimbursements hereof. (See Exhibit I for example of calculation).

Appears in 2 contracts

Samples: Purchase and Sale (Armstrong Coal Company, Inc.), Purchase and Sale (Armstrong Resource Partners, L.P.)

AutoNDA by SimpleDocs

Sulfur Dioxide Adjustment. For coal accepted in each calendar quarter, an adjustment, calculated to the nearest tenth of a cent per ton at a rate of either (1) $0.25 per ton (decrease) for each tenth (1/10) of a pound per million BTUs the Quarterly Average Value of sulfur dioxide exceeds the Typical Analysis for sulfur dioxidedioxide in Section 9, or (2) $0.25 per ton (increase) for each tenth (1/10) of a pound per million BTUs the Quarterly Average Value for sulfur dioxide is less than the Typical Analysis of sulfur dioxidedioxide in Section 9, shall be applied to the contract Contract price. The calculation shall be prorated to cover any fractional amount tenth (1/10) of a pound. This adjustment shall in no way be affected by contract Contract price adjustments under Section 10, Contract Price Adjustments and Cost Reimbursements hereof. (See Exhibit I for example of calculation).

Appears in 1 contract

Samples: Contract (Armstrong Coal Company, Inc.)

AutoNDA by SimpleDocs

Sulfur Dioxide Adjustment. For coal accepted in each calendar quarter, an adjustment, calculated to the nearest tenth of a cent per ton at a rate of either (1) $0.25 per ton (decrease) for each tenth (1/10) of a pound per million BTUs the Quarterly Average Value of sulfur dioxide exceeds the Typical Analysis for sulfur dioxide, or (2) $0.25 per ton (increase) for each tenth (1/10) of a pound per million BTUs the Quarterly Average Value for sulfur dioxide is less than the Typical Analysis of sulfur dioxide, shall be applied to the contract price. The calculation shall be prorated to cover any fractional amount tenth (1/10) of a pound. This adjustment shall in no way be affected by contract price adjustments under Section 10, Contract Price Adjustments and Cost Reimbursements hereof. (See Exhibit I for example of calculation).

Appears in 1 contract

Samples: Security Agreement (Armstrong Energy, Inc.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!