Billing Yield definition
Billing Yield means the screened Coke yield standard used to convert coal price to coke cost pursuant to Section 5.1(a) of the Coke Purchase Agreement. Between each yield test, the resulting agreed upon yield percentage shall become the basis for future adjustment of the Billing Yield for the coal blends used at the Coke Plant (the “Base Billing Yield”). To calculate the Billing Yield each month, the Base Billing Yield will be adjusted for any change in the coal blends during such month to reflect the weighted average moisture and weighted average volatile matter percentage of the coal blend(s) charged during such month (the “Current Coal Blend”). First, the Base Billing Yield shall be adjusted to a “dry” basis using the contractual coke moisture and the moisture content of the coal blend used to calculate Base Billing Yield (the “Dry Basis Base Billing Yield”). Second, the Dry Basis Base Billing Yield shall be adjusted by calculating the difference between *****, the number shall be positive and, where if the *****, the number shall be negative) and adding it to the Dry Basis Base Billing Yield (the “Dry Basis Billing Yield”). Third, the Dry Basis Billing Yield shall be adjusted to a “wet” basis using the contractual coke moisture and the moisture content of the Current Coal Blend. The resulting percentage shall be the Billing Yield for the Current Coal Blend. *****. [example on following page] By way of example, using the agreed upon results of the yield test performed in June 2010:
Billing Yield means the screened Coke yield standard used to convert coal price to coke cost pursuant to Section 5.1(a) of the Coke Purchase Agreement. Between each yield test, the resulting agreed upon yield percentage shall become the basis for future adjustment of the Billing Yield for the coal blends used at the Coke Plant (the “Base Billing Yield”). To calculate the Billing Yield each month, the Base Billing Yield will be adjusted for any change in the coal blends during such month to reflect the weighted average moisture and weighted average volatile matter percentage of the coal blend(s) charged during such month (the “Current Coal Blend”). First, the Base Billing Yield shall be adjusted to a “dry” basis using ***** (the “Dry Basis Base Billing Yield”). Second, the Dry Basis Base Billing Yield shall be adjusted by ***** (the “Dry Basis Billing Yield”). Third, the Dry Basis Billing Yield shall be adjusted to a “wet” basis using *****. [example on following page] By way of example, using the agreed upon results of the yield test performed in June 2010: Base Billing Yield = ***** % Current Coal Blend = ***** % Contractual Coke Moisture = ***** % (F) Base Billing Yield ***** % ***** moisture content ***** volatile matter content (G) Dry Basis Base Billing Yield ***** % ***** (H) Change in Volatile Matter Content ***** % *****
Billing Yield means the screened Coke yield standard used to convert coal price to coke cost pursuant to Section 5.1(a) of the Coke Purchase Agreement.
Examples of Billing Yield in a sentence
Therefore, between yield tests, the Parties shall adjust the Billing Yield for changes in the coal blend as set forth on Attachment B.
The Parties will calculate the Billing Yield for the Current Coal Blend on a monthly basis using the method set forth in Schedule 5.1(a)(1).
For example, if the Coal Price Component is $[***] per Ton of coal, and the Billing Yield for the Current Coal Blend is [***]%, the Coal Price Component per Ton of Coke is equal to $[***] per Ton of Coke ($[***] / [***] = $[***]).
The Coal Price Component per Ton of Coke delivered during the applicable month shall be equal to the Coal Price Component divided by the Billing Yield for the Current Coal Blend.
More Definitions of Billing Yield
Billing Yield means the screened Coke yield standard used to convert coal price to coke cost pursuant to Section 5.1(a) of the Coke Purchase Agreement. Base Billing Yield is fixed at [***]% (based on a coal blend with a moisture content of [***]% and a volatile matter content of [***]%). The Parties will not perform any yield tests during the Term. The Contractual Coke Moisture is fixed at [***]%. To calculate the Billing Yield each month, the Base Billing Yield will be adjusted for any change in the coal blends during such month to reflect the weighted average moisture and weighted average volatile matter percentage of the coal blend(s) charged during such month (the “Current Coal Blend”). First, the Base Billing Yield shall be adjusted to a “dry” basis using the contractual coke moisture and the moisture content of the coal blend used to calculate Base Billing Yield (the “Dry Basis Base Billing Yield”). Second, the Dry Basis Base Billing Yield shall be adjusted by calculating the difference between volatile matter of the coal blend used to calculate the Base Billing Yield and the volatile matter content of the Current Coal Blend (where if the volatile matter content of the coal blend used to calculate the Base Billing Yield is greater than the volatile matter content of the Current Coal Blend, the number shall be positive and, where if the volatile matter content of the coal blend used to calculate the Base Billing Yield is less than the volatile matter content of the Current Coal Blend, the number shall be negative) and adding it to the Dry Basis Base Billing Yield (the “Dry Basis Billing Yield”). Third, the Dry Basis Billing Yield shall be adjusted to a “wet” basis using the contractual coke moisture and the moisture content of the Current Coal Blend. The resulting percentage shall be the Billing Yield for the Current Coal Blend. The following is an example calculation of the Billing Yield for the Current Coal Blend using the agreed Base Billing Yield and a hypothetical Current Coal Blend: Base Billing Yield = [***]% (A) (based on a coal blend with a moisture content of [***]% (B) and a volatile matter content of [***]% (C)) Current Coal Blend = Coal blend(s) charged during the month with a weighted average moisture content of [***]% (D) and a weighted average volatile matter content of [***]% (E). Contractual Coke Moisture = [***]% (F) Percent Comments Base Billing Yield [***]% [***]% moisture content [***]% volatile matter content