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:
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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) Percent Comments Base Billing Yield * ****% *****
Sample 1
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
Sample 1

Examples of Billing Yield in a sentence

  • Go Cashless: After demonetization the uses of e wallet has been increased as it has become safer, fast method for making cashless payments.

  • 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.

  • Unless otherwise stated, however, we use the term ’open standard’ in this report in the narrower meaning of a published definition.It is logical that open-source software preferentially uses open standards, firstly because open standards are in tune with the basis of values in open-source philosophy, and secondly because the use of a standard in an open-source program in itself signifies partial publication of the standard.

  • 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).

Related to Billing Yield

  • Net Yield means, with respect to any Monthly Period, Portfolio Yield with respect to such Monthly Period minus the Base Rate with respect to such Monthly Period.

  • Monthly Volume means the product of the Committed Volume multiplied by the number of days in the relevant month.

  • Billing Month is defined in Section 9.1(b).

  • Billing Date means the date upon which the monthly statement is generated and debited to the customer's account.

  • Monthly Charges means a finance carrying charge of one and one-half of one percent (1.5%) and a storage and handling charge of one-half of one percent (0.5%), in each case of the Cost of the Inventory and/or Special Inventory and/or of the fees for the Product affected by the reschedule or cancellation (as applicable) per month until such Inventory and/or Special Inventory and/or Product is returned to the vendor, used to manufacture Product or is otherwise purchased by Customer.

  • Meet-Point Billing or "MPB" or "Jointly Provided Switched Access" or "JPSA" refers to an arrangement whereby two (2) or more Telecommunications Carriers including an ILEC, CLEC or CMRS carrier receive traffic in the same LATA that the call is to be terminated in or originated from, and jointly provide Switched Access Service to an Interexchange Carrier, with each ILEC, CLEC or CMRS carrier receiving an appropriate share of the revenues from the IXC as defined by their effective Switched Access Tariffs or, if applicable, CMRS contract.

  • Gross Standard Volume as herein used means volume corrected to a temperature of sixty degrees (60°) Fahrenheit, in accordance with the latest API/ASTM measurement standards, and at equilibrium vapor pressure.

  • Portfolio Yield means, with respect to any Due Period, the annualized percentage equivalent of a fraction, the numerator of which shall be the sum of (i) the amount of Finance Charge Collections received during such Due Period, (ii) the amount of Series Yield Collections for each Series then outstanding for such Due Period and (iii) the amount of Series Additional Funds for each Series then outstanding for such Due Period, and the denominator of which shall be the total amount of Principal Receivables in the Trust as of the first day of such Due Period.

  • Operating Margin Customer means a Control Area purchasing Operating Margin pursuant to an agreement between such other Control Area and the LLC.

  • Billing Cycle for any Mortgage Loan and Collection Period means the billing period specified in the related Credit Line Agreement and with respect to which amounts billed are received during the Collection Period.

  • Contract Quarter means a three-month period that commences on January 1, April 1, July 1 or October 1 and ends on March 31, June 30, September 30, or December 31, respectively.

  • Daily Contract Quantity or “DCQ” means the quantity of Gas as set out in Clause 4.1 herein.

  • Monthly Service Fee means a monthly charge to a member for continuing care and not as rent, or a daily prorated portion thereof.

  • Volumetric Production Payments means production payment obligations recorded as deferred revenue in accordance with GAAP, together with all undertakings and obligations in connection therewith.

  • Applicable Monthly Payment For any Mortgage Loan (including an Outside Serviced Mortgage Loan) with respect to any month (including any such Mortgage Loan as to which the related Mortgaged Property has become an REO Property), the Monthly Payment; provided, however, that for purposes of calculating the amount of any P&I Advance required to be made by the Master Servicer or the Trustee, notwithstanding the amount of such Applicable Monthly Payment, interest shall be calculated at the Mortgage Rate less the Servicing Fee Rate and, if applicable, shall be exclusive of Excess Interest; and provided, further, that for purposes of determining the amount of any P&I Advance, the Monthly Payment shall be as reduced pursuant to any modification of a Mortgage Loan pursuant to Section 3.24 of this Agreement or pursuant to the applicable Outside Servicing Agreement, or pursuant to any bankruptcy, insolvency, or other similar proceeding involving the related Mortgagor.

  • Five-year U.S. Treasury Rate means, as of any Reset Dividend Determination Date, as applicable, an interest rate (expressed as a decimal) determined to be the per annum rate (i) equal to the average of the yields on actively traded U.S. treasury securities adjusted to constant maturity, for five-year maturities, for the five Business Days appearing (or, if fewer than five Business Days appear, such number of Business Days appearing) under the caption “Treasury Constant Maturities” in the most recent H.15 as of 5:00 p.m. (Eastern Time); or (ii) if there are no such published yields on actively traded U.S. treasury securities adjusted to constant maturity, for five-year maturities, then the rate will be determined by interpolation between the average of the yields on actively traded U.S. treasury securities adjusted to constant maturity for two series of actively traded U.S. treasury securities, (A) one maturing as close as possible to, but earlier than, the Reset Date following the next succeeding Reset Dividend Determination Date and (B) the other maturing as close as possible to, but later than, the Reset Date following the next succeeding Reset Dividend Determination Date, in each case for the five Business Days appearing (or, if fewer than five Business Days appear, such number of Business Days appearing) under the caption “Treasury Constant Maturities” in the most recent H.15 as of 5:00 p.m. (Eastern Time) as of any date of determination.