Adjusted Base Price definition

Adjusted Base Price is defined in Section 6.1.2(a)(ii).

Adjusted Base Price means the Base Price, as adjusted in accordance with the escalation formula contained in Exhibit E pursuant to Section 7.02.

Adjusted Base Price for each Grade, the Base Price adjusted as provided in Article VIII.D hereof for changes in wood pulp prices, [******] and Extraordinary Costs, as applicable.

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.

• In the absence of the occurrence of sufficient transactions since January 1st of the Contract Year prior to the Contract Year in which negotiations are occurring, the Parties may rely upon other relevant market information to establish market prices to determine the Market Adjusted Base Price.

• 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.

• If the Parties agree on a Market Adjusted Base Price, the Market Adjusted Base Price shall become effective and shall be the “Base Price” as described in Section 3.1 for all purposes hereunder as of January 1st of the first Contract Year of the relevant three (3) year period.

• 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.

More Definitions of Adjusted Base Price

Adjusted Base Price has the meaning specified in Article IX.

Adjusted Base Price. , which means:

Adjusted Base Price shall be determined quarterly by increasing or decreasing the Base Price for each percentage point of change, or proportionately for fractional parts of a percentage point of change, to reflect changes in the following indices. The Base Price will be allocated per the index weights detailed below. The first five indices shall be based upon the preliminary indices for November (for the January 1 adjustment), February (for the April 1 adjustment), May (for the July 1 adjustment) and August (for the October 1 adjustment). The [*] shall be the preliminary indices for the third quarter of the prior year (for the January 1 adjustment), fourth quarter of the prior year (for the April 1 adjustment), first quarter of the current year (for the July 1 adjustment) and second quarter of the current year (for the October 1 adjustment). The [*] index shall be based on the [*] on December 15 (for the January 1 adjustment), March 15 (for the April 1 adjustment), June 15 (for the July 1 adjustment) and September 1 (for the October 1 adjustment). Index Index Source Weight Base [*] [*] 1 [*]% [*] [*] [*] [*] 1 [*]% [*] [*] [*] [*] 2 [*]% [*] [*] [*] [*] 2 [*]% [*] [*] [*] [*] 2 [*]% [*] [*] [*] 3 [*]% [*] [*] [*] 4 [*]% [*] [*] Source:

Adjusted Base Price shall have the meaning set forth in Section 4.1(b) of this Agreement.

Adjusted Base Price means an amount equal to: (a) the Base Price plus (b) the Estimated NOL Tax Benefit plus (c) the Estimated Approved Capital Expenditures, if any, minus (d) the sum of the Estimated Debt, the Estimated Transaction Costs and the Estimated Change in Control Costs.

Adjusted Base Price means the amount to be paid by Buyer to Seller per BTU's of steam energy delivered to Buyer hereunder, at Buyer's Metering Station, from July 1, 1990 until the termination of this Agreement. During such period, the Adjusted Base Price shall be computed as follows: During each Contract Year commencing July 1, 1990 through the life of this Agreement, the Adjusted Base Prices (both the "Standard Adjusted Base Price" and the "Premium Adjusted Base Price") shall be computed for the ensuing Contract Year by using the Base Prices or Adjusted Base Prices for the Contract Year having just ended, and increasing or decreasing such Base Prices or Adjusted Base Prices by a percentage equal to the corresponding percentage increase or decrease, as the case may be, between Seller's Total Costs for each of the two immediately preceding Contract Years; provided, however, that regardless of any, increase or decrease in Seller's Total Cost, the Adjusted Base Price for the Contract Year commencing July 1, 1990 and ending June 30, 1991 shall not be less than $ per MMBTU (herein sometimes referred to as "Standard Adjusted Base Price"); and provided further that, if the average usage during any twelve (12) hour period during the Contract Year commencing July 1, 1990 and ending June 30, 1991 is less than pounds of Useable Steam per hour for reasons other than Buyer's Scheduled Maintenance, the Adjusted Base Price for any such twelve (12) hour period shall be not less than $ per MMBTU (herein sometimes referred to as "Premium Adjusted Base Price").

Adjusted Base Price shall have the meaning given in Section 10.2.2(b).