Adjusted Base Price definition
Examples of Adjusted Base Price in a sentence
Accordingly, the adjustment to the then-current Base Price (or the relevant Market Adjusted Base Price, as applicable) pursuant to this Section 3.3.1 may be applied retroactively.
If any adjustments to the Base Price made pursuant to Section 3.3 occur after the date on which the Market Adjusted Base Price is determined, but before the date on which the Market Adjusted Base Price becomes effective, such adjustments shall also be applied to the Market Adjusted Base Price as of the date on which the Market Adjusted Base Price becomes effective.
The arbitrator shall not have any authority to select any Market Adjusted Base Price other than the proposed Market Adjusted Base Price submitted by one of the Parties, and shall select the proposed Market Adjusted Base Price that most closely represents the arbitrator’s determination of the current market price of similar quality coal in the same market and sold under substantially similar terms and conditions.
Within thirty (30) days after the selection of the neutral arbitrator, the Parties shall each submit to the arbitrator and to the other Party, such Party’s proposed Market Adjusted Base Price and all reasonable supporting documentation demonstrating the basis on which the proposed Market Adjust Base Price was determined.
Within fifteen (15) days after the initial submission of the proposed Market Adjusted Base Prices, the Parties shall each submit any rebuttal to the other Party’s proposed Market Adjusted Base Price, to the arbitrator and to the other Party.